• 0 Posts
  • 44 Comments
Joined 1 year ago
cake
Cake day: June 14th, 2023

help-circle










  • There’s absolutely nothing wrong with a little centralization in your federation. It works well enough for email. The point is that you have the option, not that you have to use it.

    You don’t have to trade one extreme for the other. In fact, I think this is the perfect example of that. Lemmy.ml is the developers’ instance, and by default would likely be the largest. Except… you know. Many, many people started there before going to other instances, especially the largest competitor.



  • Serinus@lemmy.worldtolinuxmemes@lemmy.worldTitle
    link
    fedilink
    arrow-up
    2
    ·
    2 months ago

    Done! You should see about 4 reports in !linux . Take a peek and see what that looks like from whatever client(s) you normally use. Note that you’re not always obligated to take action on things that are reported. You know where the reports come from and have a good idea of how reliable they are.

    We have a completely optional moderator discord here https://discord.gg/wKg6bhkM if you’re interested.

    Thanks for helping out. If you have questions or need help at any point, let us know. You can PM me, there’s the discord, or there’s the [email protected] email that goes to the instance admins.



  • There are different types. The “financial duty” of corporations is generally overblown, however that is more or less what happened with Twitter. Elon made such a dumb offer that they had to put it to their shareholders. There’s some mechanism where shareholders can vote as a whole to sell, and if the vote passes then you don’t get a choice.

    But generally corporations absolutely aren’t required to do whatever makes the most money. They’re allowed to put other values above pure profit, as long as they can justify it being in the shareholders’ interests. The shareholders may disagree and vote them out because of it, but as long as it was plausible, it’s legal. For instance, I believe the board of an Oil company could decide to shut down their wells and fully pivot to renewables, and I don’t think the courts would hold them accountable. Preventing climate change is easily arguable as in the shareholders’ interest, even at the cost of significant money. However that board would likely quickly be voted out. (And it’s unlikely they would have gotten there if they didn’t love oil money.)

    If you own 51% of shares, public or not, you can’t be forced to sell afaik. And if you’re private, you’d have to do some pretty big illegal defamation or something to be forced to sell your property. Or you could die and your descendents could decide to sell.

    One issue is that we’ve set up our tax system to encourage cashing out asap. For the most part in the US, you’re going to be taxed at 37% whether you sell now or whether you have the company pay you out for the next twenty years. So why not get out while the gettin’ is good? In the past, with a 90% top marginal rate at a higher income, it was often better to keep your money in the company and in the reputation, and just have it pay you out at a medium tax bracket for the next fifty years. All you really need to do as your job is make sure the company stays stable anyway. You can do that while spending four days on the golf course.