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Isn’t it though? Holding on to a stock, and receiving stock grants are not investments. The little money that was actually has been returned a millions of times
by jonathankoren 5y ago
Isn’t it though? Holding on to a stock, and receiving stock grants are not investments. The little money that was actually has been returned a millions of times over. That money is now just sitting there. I’d they were actively investing instead of just collecting rents, they’d be selling the stock and then giving it to other businesses, but that’s not what happens. It literally sits there for points. Even purchasing a superyacht and apocalypse bunker in New Zealand is more of an investment than simplying holding onto it for points on a Forbes list.
It’s hording because the amount of wealth is long past the point of diminishing returns. Do you really think that Bezos’s life is going to change at all if he actually had to give up half his wealth to his soon to be ex-wife? I don’t. And yet, the wealth provides the same market and political warping that all monopolies (a market failure) cause.