feld (feld@bikeshed.party)'s status on Friday, 15-Sep-2023 05:56:12 JST
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I wrote a long thing and my just browser ate it so TL;DR -->
Dividends encourage *long term* investment and pays back to the shareholders (community). No taxes at all if held in something like a 401k / Roth IRA.
This ensures the team stays around a long time and people will not want it to leave their community. Discourages trying to move the stock value in the short term just to make a quick profit.
The Packers model is a total scam. It's a capitalist's dream come true. The fake promise of ownership with no responsibility to these owners.
It's no different than a limited edition plushie. Less functional than an NFT. 100% scam. Do not under any circumstances encourage these charlatans and their behavior.