It does, in a quote.
Zarmeck
joined 2 years ago
Hmm let's see... Assuming a 9% return on investment, that's at most a 9 years setback. I think they gonna be alright.
You're forgetting that this money would exchange hands multiple times per year, per person. Expenses are revenues; we're all connected.
But when some people put billions aside (in non tangible stuff like stocks), they're effectively reducing the buying power of everyone else. Slowly but surely. They are a net negative just by their mere existence.
With big corps, it's never that simple.
https://en.m.wikipedia.org/wiki/Embrace,_extend,_and_extinguish
Reminder that the amount of gamers worldwide has exploded since the NES came out. There is now upward of 3 billion active gamers. I guarantee you inflation grew at a slower rate.
The average return on investment from stocks for the last 150 years is around 9 to 10% worldwide. That includes a few world wars and pandemics.
In the US, Canada and others, only half the money made in that way is taxed.
2 millions would net you 180-200k a year and you'd pay tax as if you made 90-100k.