That would crush ambition and the desire to succeed. No one would try to make money, or build anything, if they knew that they were capped at $999M total wealth. It's just no longer worth trying, in a world like that.
Exactly. In fact I think you'd have mass suicides when the citizenry learned they'd never be billionaires. barfo
Dow Jones is at this time, 11 pm Eastern time, march 23, 2020, down nearly 600 points. I should be totally out of the stock market sometime either Friday, today or the next two or three days. Wish I had gotten totally out a lot sooner. Dow is down about 500 points from when Trump took office. It's the economy stupid.
On the plus side the government just announced unlimited QE and new lending programs. The stimulus bill is on it's way. In the negative side, record unemployment data expected this week and a massive reduction in GDP expected this quarter and next.
It's going to continue with these crazy swings until the virus is under control unfortunately. Somebody is making a boatload of money off of this.
Tha gen That generally means that conversely, somebody is also losing a boatload of money off of this.