- Feb 12, 2007
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...builds nothing. The stock market only takes.
How economically illiterate.
The stock market manufactures nothing. It reflects profit made or lost by publicly traded corporations and biz.
You sad little booby. Stocks are shares of ownership. Without capital, most companies would not exist: no products, no jobs, no taxes. Many average people are invested in stocks for their retirement, either through 401Ks, IRAs, or pension systems. Take away stocks, and their retirement prospects dim considerably.
If you want to focus on an issue, learn something about ZIRP and how it has caused massive asset inflation and punished savers. That's Big Government Cronyism - and a far bigger threat than your grandma having some shares of IBM.