3 ms·
(I mean so does heavy taxation of capital ~hoarders~ holders, to be redistributed among the country's labor base, who will then tend to spend it immediately on
by bsanr2 6y ago
(I mean so does heavy taxation of capital ~hoarders~ holders, to be redistributed among the country's labor base, who will then tend to spend it immediately on goods or personal investment, but we don't talk about that.
OR
The point of liquidity is to get people doing things, but the status quo today seems more like giant firms trading above our heads to manage the risk of rent-seeking on an increasingly precariously-positioned consumer class.)
- refurb 6y agoNeither of your points seem based on an accurate understanding of the financial markets.
- ajmadesc 6y agoNeither of his points seem based on Economic dogma shoved down your throat during undergrad.
- refurb 6y agoNo it doesn't. It seems based on populist memes and from watching popular movies. People with invested capital aren't "hoarding" it. It actively invested. No, the point of liquidity is to encourage an active market, which is exactly what it's doing. Not sure what "trading over our heads" even means.
- bsanr2 6y agoMaybe you should try to understand the things you respond to, rather than posting a kneejerk response, then?
- bsanr2 6y agoI don't know why another user's comment, Neither of his points seem based on Economic dogma shoved down your throat during undergrad. was flagged, as it was neither inflammatory nor uncouth, but I agree with it. You seem to have an entirely elementary conception of the market and an inability to understand the ways those assumptions have fallen apart in the face of market and regulatory conditions.