Let’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-link grte ( @grte@lemmy.ca ) Canada@lemmy.ca • 7 months ago message-square56fedilinkarrow-up1303
arrow-up1303external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.ca grte ( @grte@lemmy.ca ) Canada@lemmy.ca • 7 months ago message-square56fedilink
minus-square dangblingus ( @dangblingus@lemmy.dbzer0.com ) linkfedilink3•7 months agoAt this point, abolishing the stock market would require a restart on the United States as an entity. The stock market is quite closely linked to the banking system. Closing the stock market would crash the US economy into oblivion.
minus-square LostWon ( @LostWon@lemmy.ca ) linkfedilink3•7 months agoAnd no doubt every other closely-tied economy, as well.
At this point, abolishing the stock market would require a restart on the United States as an entity. The stock market is quite closely linked to the banking system. Closing the stock market would crash the US economy into oblivion.
And no doubt every other closely-tied economy, as well.