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Where do you think rich people put their wealth? A savings account?
by matt_wulfeck 10y ago
Where do you think rich people put their wealth? A savings account?
- AstralStorm 10y agoCaymans and investments. Most of those geared for quick and high returns, not sustainability, improving society or long term job creation.
- matt_wulfeck 10y agoI would argue that public securities and the stock market is exactly what provides sustainability and long term job creation.
- coliveira 10y agoWrong. The stock market doesn't care about job creation. They care about wealth creation, which is mostly concentrated in the hands of a few. In fact, wall street loves when firms lay off workers. If every firm out there laid off 50% or their workers the price of stocks would greatly increase, because then more money would go directly to the hands of shareholders.
- nunez 10y agoSome do