The fact that so many people seem to support the dilution is revealing at the sheer stupidity of the masses when it comes to economics. I compare it to the bizarre tolerance that people have towards inflation. The fed can’t meet their 2% inflation target anymore and it’s been sky high for years. I hear a little grumbling about grocery store prices but I don’t see any organized movement to address wage stagnation. The minimum wage has been stagnant since 2009. It was long overdue to be raised even before COVID and the hyperinflation hit. When inflation increases and your wages don’t, you are being robbed. It’s the same as if someone held a gun to your head and took money out of your wallet. You lose spending power. But when wages are stagnant and inflation is sky high, the thief is invisible, so people act like NPC’s in an Elder Scrolls game and go on with their lives when they should be getting angry and rebelling against the government.

Same thing here. Dilution is theft from shareholders. It should not be tolerated.