[lock-the-spock]

Why is it not true? Sure stock value is more or less theoretical but this is not all stock. Any euro or dollar going towards Amazon or Tesla shareholders does not feed back into the local economy and cannot support roads, kindergartens and retirement homes.

[mlrtime]

It's clear that people who don't understand financial theory should not be making policy decisions. Wealth is not 0 sum. You use these words "roads, kindergartens and retirement homes" to elicit a emotional response to try and manipulate opinion. I see this often and it is frustrating, but it's what good politicians do when they can't use facts.

JUST AN EXAMPLE: Tesla is in the S&P 500. Teachers pension funds invest heavily in the market.

https://www.barrons.com/articles/pension-bought-tesla-schwab...