[IAmBroom]

Without buying and selling, there is no change in price. Obviously, wealth will therefore be destroyed - just not that of buy-and-hold people.

I have no sympathy for the uber-wealthy, but claiming no one's wealth will be affected is ridiculous.

[barbazoo]

The way I think about it is that it'll affect those most that are the most greedy, those that are exposed to the most risky "products". If your wealth is in bonds or something else boring, won't this be a non event?

I'm not convinced it's not someone in the background choosing wrong (greed) that's the problem.