3 ms·
> "owning most of the stocks" is completely equivalent to "wealthiest" That's still not a tautology just because in practice it is usually true, and is easily
by ang_cire 3y ago
> "owning most of the stocks" is completely equivalent to "wealthiest"
That's still not a tautology just because in practice it is usually true, and is easily disproven as such: Stock values could all nosedive to nothing, and the wealthiest people would still mostly all be the wealthiest due to non-stock assets.
- WalterBright 3y ago> is easily disproven as such Not that easy. If the wealthy own 90% of the stocks and 90% of their wealth is in stocks, and the stocks disappeared, they may still be wealthy due to the remainder, but still the bulk of the their wealth was in stocks.