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The vast majority of the stock market is owned by the very, very wealthy because they're very, very wealthy. It's a tautology. People don't need to be spoon-fed
by ojbyrne 5y ago
The vast majority of the stock market is owned by the very, very wealthy because they're very, very wealthy. It's a tautology. People don't need to be spoon-fed, because if they have any kind of savings, its probably exposed to the stock market.
- pydry 5y agoThe idea people get spoonfed is that shareholders wouldnt really care if corporation taxes were jacked up because prices would somehow go up to "compensate" for the tax on their profits. It's "the little guy who gets hurt instead". Even though increasing corporation tax doesnt decrease supply or increase demand.