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Now I need to do the math on space karen/ henery ford 2.0 aka Mr my autism makes me prone to outbursts of fascist apologia.
I did the math recently and if you took the assets of the wealthiest 1% and divided only half of it amongst the remaining 336.3 million Americans it would be a check of approximately 68,000 for every man woman and child and those bloated blood sucking leaches would still have an average remainder of just under 6 million dollars each.
He could just hand over the stocks.
though they would drop in value very fast thereafter, no? My naive understanding is that a good share of people would sell them immediately, causing a price crash.
Around 25% would have to sell over 50% of their stocks for it to maybe start having an effect.
It could also raise the value of the stock to free up so much stock from a single person to many, as selling it would mean stronger belief in the stock going up.
Stock market is part math, part religion really.
Also companies do "stock options with limitations on selling for a certain period" all the time.
This is a good point. Ty