Subject:
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Re: Murderer Reno's real crime...
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Fri, 5 May 2000 14:42:10 GMT
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Viewed:
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173 times
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In lugnet.off-topic.debate, Kevin Wilson writes:
> Larry P wrote:
>
> > "When the Justice
> > Department destroys $200 billion in wealth,
>
> An increase in a share price is not "real wealth". Nor is a decrease.
> Neither is "real" until you sell the shares.
Right. But people who sold early, like me, did better than those who had a
reasonable expectation of a reasonable government. I know better, of course.
The poor shlubs who waited really did see a decrease in their wealth after they
sold their deflated shares to people like me who have now bought back in.
Government manipulation of the stock market that way is wrong, but I'm not
going to let it pass me by.
> Who knows where Microsoft stock - and its competitors stock - will go in
> the future. In the long term, they may go up, not down as a result of
> the judgement.
To a certain extent, the price of a stock is an aggregate estimate of what the
fortunes of a company are going to be in future. In the long term, all well run
companies go up. But the government is breaking up a very well run company to
make several less well run ones and that is looting wealth. Wealth out of my
pocket, wealth out of Bill Gates's pocket, and wealth out of the pockets of
every consumer who is now going to pay more for inferior product.
++Lar
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Message is in Reply To:
 | | Re: Murderer Reno's real crime...
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| (...) An increase in a share price is not "real wealth". Nor is a decrease. Neither is "real" until you sell the shares. (...) Emotional button-push alert! Who knows where Microsoft stock - and its competitors stock - will go in the future. In the (...) (25 years ago, 5-May-00, to lugnet.off-topic.debate)
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