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Reply #21: Nothing about that made any sense. [View All]

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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-04-09 02:08 PM
Response to Reply #20
21. Nothing about that made any sense.
You do understand that eliminating the markets would massively help the ultra rich.

Raising money privately is very time consuming. The "transaction cost" is very high THUS most of the time the minimums are very high.
Try investing money in a startup company. They usually are looking for a min of $100K to $500K per investor.

Removing the markets would remove the ability for poor and middle class to EVERY have access to capital ownership.

You essentially would create a barrier (or strengthen) that would ensure poor and middle class always remain that way.
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