boedicca
Uppity Water Nymph from the Land of Funk
- Feb 12, 2007
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The OP is inane.
What happens with money that is saved by Rich People? They don't stick it in a mattress or bury it in a coffee can in the backyard like some ACORN staffer. They money gets invested, hopefully in endeavors that create jobs
That almost never happens in the US anymore.
"Investments" means non productive second hand stocks, US bonds, inflating commodity bubbles.....
No jobs get created except within the trading floors of the financial icons.
You don't understand investments. The fact that their is a secondary market for stocks enables companies to invest in their own businesses. A high market cap enables a company to raise additional equity or secure favorable debt terms for expansion.
If you don't want them investing in U.S. bonds, cut government spending and the voracious appetite of the Feds to hoover up all available capital (you wont' get any argument from the fiscally responsible people on this one).
Commodity markets also fuel development of commodities. The fact that a farmer can sell corn futures provides the capital to raise the corn in the first place. Yes, there is speculation, but that is the fringe of the market. The main aspect of commodities markets is to lock in prices for customers and provide capital for suppliers to develop the commodity.