The mayor’s office says it would be the first major U.S. city to enact such a plan.

  • JasSmith@kbin.social
    link
    fedilink
    arrow-up
    13
    arrow-down
    5
    ·
    1 year ago

    Do you have some examples? IMHO, few shareholders are willing to weather decades of losses like that in the hope that one day their investment pays off. I’m not buying it. No one buys property and then intentionally devalues it.

    • Whirlybird
      link
      fedilink
      arrow-up
      3
      ·
      1 year ago

      And by few you really mean none. Anyone thinking a shareholder owned company will do that is delusional. Shareholders get angry when profits aren’t as high as they wanted even when they’re record high profits. Any ceo that tried doing what they’re suggesting would be gone instantly.