This is where I have a problem. "This only works for as long as the society deems companies beneficial to the wellbeing of the people" said another way is collective good trumps (no pun) individual liberties, this is just communism worded differently. If you were to logically implement or even deduce what this implies is communism and that is bad as seen by both empirically and logical (deontological) evidence/proofs.

What has the majority done to build a company that they can take it away? If you say they've made transactions or buy buying the stuff the company makes, then I'd say they got their money's worth and that's it. There was no surplus. Additional rights were not part of that deal. So that can't be an objection.

Let's unpack this. As an example, I'm working at this company. I do no harm to others, neither does the company, but the society has the right to take this away because majority says so (for whatever reason)? So if you can take away somebody's job and their property, the company, because a majority says so, I don't see how that's ethical.