grte@lemmy.ca to Canada@lemmy.ca · 10 months agoLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-linkmessage-square133fedilinkarrow-up1592arrow-down145
arrow-up1547arrow-down1external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.cagrte@lemmy.ca to Canada@lemmy.ca · 10 months agomessage-square133fedilink
minus-squareLostWon@lemmy.calinkfedilinkarrow-up4arrow-down1·edit-210 months ago…or just abolish the stock market (at least that’s how I read this).
minus-squaredangblingus@lemmy.dbzer0.comlinkfedilinkarrow-up4·10 months agoAt this point, abolishing the stock market would require a restart on the United States as an entity. The stock market is quite closely linked to the banking system. Closing the stock market would crash the US economy into oblivion.
minus-squareLostWon@lemmy.calinkfedilinkarrow-up4·10 months agoAnd no doubt every other closely-tied economy, as well.
…or just abolish the stock market (at least that’s how I read this).
At this point, abolishing the stock market would require a restart on the United States as an entity. The stock market is quite closely linked to the banking system. Closing the stock market would crash the US economy into oblivion.
And no doubt every other closely-tied economy, as well.