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Selling Shares in Yourself...
How can we address income inequality in America? How about through “selling shares” in ourselves? I bet that catches your attention! Would you sell shares in yourself?
Nathan Heller: “Rather than buying shares of Spotify, a fund could buy into a portfolio of the futures of emerging hip-hop artists, all of whom would get that cash.”
If we sold shares in ourselves… it would be incredibly complex. Here are some considerations if this “market” existed tomorrow.
- Release more data and personal information about ourselves: Bridges the gap between private and public information to prevent insider trading.
- Shorts/Puts: In a system like this, it incentivizes people to pursue greater and more creative projects. However, at the price of what? If investors heavily shorted our “person share”, it pushes us to work, work, and work. By focusing solely on the price of our “person share”, we push aside our physical and mental well-being.
- Comparitive Analysis: Not sure about you, but I do not want to be priced against anyone else. It simply creates a system of jealousy, spite, and constant competition.
My Full Response: https://jakoblinder.substack.com/p/to-bet-or-not-to-bet-on-yourself
I have seen experiments where people sponsor a student’s degree and earns a small % of their future earnings. I would’ve taken that deal of someone would’ve ever offered to help me finish school.
@wall_street_deebo That is a pretty good idea and definitely better than creating "personal shares".
This immediately makes me think of social tokens. Roll is the leader in this arena: https://tryroll.com/
"Not sure about you, but I do not want to be priced against anyone else. It simply creates a system of jealousy, spite, and constant competition."
^^this is exactly why I think turning yourself into a stock so-to-speak would be EXTREMELY bad. There's this guy name Alex Masmej who created the first social token and was able to leverage it into starting the company Showtime, but there were some questionable issues with what his social token enabled the holders of it to ask of him before he created this company. I guess it's always up to the creator to decide what people can ask of that individual person, but that doesn't mean that things can't get dark.
@sidnistandard could definitely see it turning into a type of capitalist slavery like many record labels, etc. are already accused of.
Good discussion here! I agree with the points here. It will be hard to ever want to participate in "personal shares" in any form or fashion.