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Money spent transferring share(s) ownership doesn’t impact the companies cash flow unless it’s new shares emmision (eg if I buy issued coca cola shares, only th
by smallstepforman 2y ago
Money spent transferring share(s) ownership doesn’t impact the companies cash flow unless it’s new shares emmision (eg if I buy issued coca cola shares, only the broker gets spendable cash).
Regarding gambling being a zero sum game, someone has to design, manufacture, service, install and operate the machines. Lots of employement building those machines. And taxes earned operating them. You do know that approx 5% of state revenues come from gaming activities.