Re:“They’ll Just Make It Illegal”
by tedunangst on Saturday June 23, 2018 @09:33AM
(#17381193)
> it’s unfair that the stock market is used to decide how good the economy is
But the stock market swings in response to economic reports like unemployment rate. The government doesn't report unemployment based on stock prices.
There's a bit of a feedback cycle :-). If stock prices fall, then they fall more usually. Then that can hurt the economy for real, instead of just the stock market part.
Most of the stock market is owned by John and Jane Doe's pension funds
Re:“They’ll Just Make It Illegal”
by Noumenon72 on Saturday June 23, 2018 @10:09AM
(#17381334)
A quick Google said pension funds own [16%](http://www.businessinsider.com/chart-stock-market-ownership-...).
From an actual real world level, it’s unfair that the stock market is used to decide how good the economy is when 84% of the stock market is controlled by the top 10% richest segment of the population. It’s unfair that corporations get massive tax breaks provided by local municipalities for short term political wins in the establishment of jobs that they will summarily destroy if another town comes in wit better incentives 5 or 10 years down the line living that town in ruin when they leave. It’s unfair that companies are allowed to offshore their headquarters and pay no income tax at all to their countries of origin. It’s unfair that these giant companies can control and manipulate our political system with money.
The point is it’s irrelevant how you define rich, we have real unfair realities that we can look at and address. Coming up with an arbitrary definition of rich is a distraction rooted in no reality.
This is a very naive statement, with a heavy helping of dog whistling libertarian utopian memes and philosophical navel gazing.