Quote:
Originally Posted by mtgalex
Maybe Amazon is actually worth 1/10 of its current value, but how is it relevant to "wasting capital"? The money buyer pay is the money seller can use, so how is it "wasted"?
And that 1% own whatever much is an old and tired talking point I explained about why this is normal.
TS views is , unless I’m mistaken , 0% taxes for the top 1% and corporations would even be more beneficial to the world , which I totally disagree .
Going back in history, it is clear it ain’t the case .
To me a working dollar ( exchanging hands multiple times ) is far more valuable than a dollar sitting in an Inflated asset prices ( doing what exactly ? ) .
That is a mis allocation of capital that could be better used elsewhere .
Why ?
The value of money is usually based on its utility components right ?
What utility paying 5X more the value of Amazon bring to the world?
Like I said plenty of time ,
it isn’t one or the other , it is a balancing act to find the sweet spot of how much taxes the top earner should pay and how much investing in the poor through redistribution of wealth is profitable .
When I’m speaking about redistribution of wealth , it isn’t just necessarily about money but can be for better salaries, education , healthcare program , that would increase the purchasing power for them .
And it is even more important then ever because the US are pushing a debasement of its currency , making it even harder for the less fortunate .
I mean I just find it funny people think money to the poor is bad while actually what they do with it is to consume more to increase corporations profits ....
The total economy is run fundamentally by the real economy right ?
That is why bubble appears and pops all the time , because the earning from the real economy do not support the valuation of the financials sectors right ?
Why is that ?
To me it’s because we have attain a level of wealth disparity so big , it is not productive anymore and obviously the results , data and bubble are just a reflection of that .
If the rich and corporations were really using their excess capital to invest to create more companies , products and services , there wouldn’t be so many bubbles being feed by buybacks shares and other factors .
The bubbles are certainly not from any other persons since the stock markets is own by 90% of the top 10% of society .
That is where the money of the wealthy goes , into the stock markets !
I don’t even think the bottom 50% even holds more than 1% of the stock market .
And how could they ?
Assets prices just get bigger and bigger , and the Interest rates are almost non existent to permit people to get a decent return on their money to be able to invest later on .
I mean people now have 0 return on their money in the bank while they have to pay fees to the banks for using it 0o.
Wtf .....how can they possibly get out of that vicious circle ?
If it was that easy to be a Besos, musk , etc , a lot more millionaires and billionaires would exist .
Last edited by Montrealcorp; 04-17-2021 at 09:41 PM.