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Concentration of wealth won't cause a lack of buyers for stocks. The wealth is still there, the very wealthy will just buy more stock. The value of a stock stac
by jtolmar 7y ago
Concentration of wealth won't cause a lack of buyers for stocks. The wealth is still there, the very wealthy will just buy more stock. The value of a stock stacks in a way that the value of additional giant houses doesn't.
(Being able to buy ownership of a business, via stock or other means, is why wealth is concentrating in the first place.)
- Balgair 7y agoYes, of course. But you start getting into monopsony then. The people that you sell to are hyper rich and may pay a fair price, but there are a lot less people overall and their tastes aren't distributed like the general population. It's not the same market at all.