What makes them parasites? My IRA is in the market. It doesn't grow from day traders, it grows from big buck shareholders. Who supports our charities, creates industry to give people jobs, contributes the most to our income tax base that benefits most all of us?
It's not shareholders.
Human labor creates all value; shareholders and other speculators simply redistribute the wealth.
The Incredibly Unproductive Shareholder
"Yes, shareholders.
"I know that we have all been trained to worship shareholders and to assume that their interests trump all others, but the fact is,
stock-market investors have become, collectively, an extraordinarily unproductive force in business.
"Indeed, for the last two decades, their contribution to corporations has been literally negative.
"Investors’ money reaches corporate coffers only when companies sell new equity, which major companies rarely do.
"Among the companies making up the Dow Jones Industrials, only a handful have sold new common stock in the last 30 years. Many haven’t sold any in 50 years.
"According to the Federal Reserve and the SEC, sales of common stock today represent only about one of every $100 traded on exchanges.
Nearly all the money 'invested' in public companies, in other words, just goes from one speculator to another."