While you accurately highlight several problems with capitalism, there is a relatively simple solution to the taxation issue: tax top line rather than earnings. So Apple Pay’s 4% or 5% of revenue. Much harder to fudge those numbers and insures they pay regardless of their earnings relocation
Covid saw a big issuance... but unlike dot com boom - in general buyback are offsetting issuance. The main point high.equity valuations do not induce equity issuance anymore
While you accurately highlight several problems with capitalism, there is a relatively simple solution to the taxation issue: tax top line rather than earnings. So Apple Pay’s 4% or 5% of revenue. Much harder to fudge those numbers and insures they pay regardless of their earnings relocation
Alas I’m not on telegram
Sadly another impostor. I will.never ask you to go to another platform
then it turns out to be a good thing I'm not there :)
Your chart shows SP500 shares outstanding RISING over the last 5 years.
Covid saw a big issuance... but unlike dot com boom - in general buyback are offsetting issuance. The main point high.equity valuations do not induce equity issuance anymore