hnthrowawy·vor 4 Jahren·discussyour "simple equation" is completely inadequate. When a company improves their efficiency they don't just cut a check "to the billionaires"If it is causing share price increases, every shareholder benefits. Why are you excluding millionaires?> 5,671,005 US households have a net worth of $3 million or moreThere's another 16T right there, minimum.The companies in S&P 500 hold another 1.5T in cashPresumably there are workers at these companies being rewarded handsomely for these productivity gains, how do you account for that wealth?The housing market in California grew 1.4T last year, now sitting at over 9T total "value".This is just first thoughts for my envelope math. Looking at "billionaires" is overly simplistic
If it is causing share price increases, every shareholder benefits. Why are you excluding millionaires?
> 5,671,005 US households have a net worth of $3 million or more
There's another 16T right there, minimum.
The companies in S&P 500 hold another 1.5T in cash
Presumably there are workers at these companies being rewarded handsomely for these productivity gains, how do you account for that wealth?
The housing market in California grew 1.4T last year, now sitting at over 9T total "value".
This is just first thoughts for my envelope math. Looking at "billionaires" is overly simplistic