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World's richest five men double wealth since 2020
(www.dw.com)
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this post was submitted on 15 Jan 2024
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I think we have to consider that from the perspective of many shareholders, receiving dividends vs increased share price is basically the same thing. I know all my accounts are set to reinvest dividends, for example.
So if a company reinvests all its income and grows like crazy, the shareholders will profit from that growth even if you might say “profit” wasn’t distributed.
Or if the company does a share buyback, or gives out huge bonuses, or buys an "office" in a tropical location that's actually just a vacation spot that they can use for a tax shelter, etc.
Basically, I overstated my case before. There's lots of ways to use business expenses to distribute profits without actual reporting profits.
So in conclusion, death to capitalism 👍