Re:The Unaffordable Urban Paradise
by firebird84 on Monday June 26, 2017 @10:17AM
(#14636956)
For your last example, it could give someone the ability to liquidate their position (from the buyers of that stock), get $100 in cash to pay a plumber, or if you're arguing about their social class perhaps the last $100 of down payment needed to finance the new yacht they had built. That yacht-building also creates jobs. Most likely that stock is institutionally owned though, so it goes to a retirement fund redemption somewhere producing income for a retiree to participate in THEIR local economy.
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