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This is such a strange and bad faith argument. I don't think pg actually doesn't understand the notion of inflation, asset value increases, dividends, etc. I
by tempsy 6y ago
This is such a strange and bad faith argument.
I don't think pg actually doesn't understand the notion of inflation, asset value increases, dividends, etc.
I mean our entire pension system is built on top of the assumption that equity holders will see an average of 6-7% returns annually over a long stretch of time (TBD if this holds true).
If you're going to argue against a wealth tax and this is what you've got then you're really just saying you have nothing.