News for hackers. Stuff that matters.
Re:McKinsey, technocratic management, and structural inequality by makomk on Tuesday February 04, 2020 @09:14AM (#22235714)
Which is why American populist politicians have to invoke unrealized on-paper wealth in order to convince supporters that the populists could give them everything they wanted by taxing the uber-wealthy. This wouldn't work, of course; those figures are just current stock price * total holding, and if you make everyone sell at once whilst disincentivising holding American companies that paper wealth will just vanish.

There are no comments on this comment yet.