“With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.” DifferentPlayRunningCompanyRolesInvolvedManagementInvestmentFinancialProfitDirtyCorporationsCaptureInvestorsJointsGet InvolvedTroublesome Book:Economics for everyone: a short guide to the economics of capitalism Source: Economics for everyone: a short guide to the economics of capitalism
“The total dividend income declared in 1995 by the bottom 9.7 million Canadian tax-filers (47% of all those submitting tax returns) was $310 million. The estimated dividend income received by the Thomson family in 1995 from its 72% ownership share of the Thomson Corporation and its 22% ownership share of the Hudson's Bay Company was $310 million.” CompanyMillionsShareReturnTaxesCapitalismBottomIncomeCorporationsOwnershipDividendsTax Returns Author:Jim Stanford
