"Where would Russian intelligence be without it?"
Posted on 05/23/2017 3:43:25 AM PDT by C19fan
Standout gains in large technology stocks like Amazon.com and Apple show just how much the sector is disconnected from the sluggish growth on the rest of Main Street, one notable strategist said in a report titled "Occupy Silicon Valley." The tech stock rally "could ultimately lead to populist calls for redistribution of the increasingly concentrated wealth of Silicon Valley," Bank of America Merrill Lynch's chief investment strategist, Michael Hartnett, said in a report released Monday.
(Excerpt) Read more at cnbc.com ...
Excellent. Silicon Valley nurtures these scum. The snake eating its tail.
>>could ultimately lead to populist calls for redistribution of the increasingly concentrated wealth of Silicon Valley
So much stupid in that statement.
If the left wants to “redistribute” the wealth of tech companies, leftists should start buying stock.
That would be poetic justice. :d
Right now it’s merely speculation from an analyst at Bank of America writing a report. Ofc the rabid leftards can now cite his “report” as some authoritative document when it’s all b.s.
Will they demand free iPhones?
Populists don’t demand redistribution, communists do. Once again, the left is trying to commandeer the meaning of a word for their own use.
I was wondering how long this would take. Some of them paid blood money to keep the barbarians out and some became true believers (maybe). But money attracts the left like flies to shi...honey.
A lot of this wealth is in very unlikely places. Many people around the country bought these stocks when they were much cheaper. Your scroungy-looking neighbor might be worth millions.
If they get nasty, Apple may just “brick” all their iPhones during the middle of the riot.
Now wouldn’t that be fun!
So Hollyweird’s wealth is still safe from Marxist redistribution/retribution?
Reap the whirlwind, Leftist a*holes. Reap the whirlwind.
The stupid runs strong here, and this guy claims to be an "investment strategist".
Any capitalist worth his salt would look at this and ask: "Why has most of the economy lagged so far behind tech in coming out of the great recession? What can we learn from the tech sector and apply to the rest of the world?"
Instead these guys say: "The tech people have done better than we have. How can we take their money away from them?"
They need to bead Heinlein on "bad luck".
For my money, the reason tech is doing so well is that they are playing in a new arena and there are few regulations. As soon as the government catches up their growth will be slapped down.
It’s so unfair. Those tech people and their high IQs and innovative minds. They need to spread the wealth to the BLM protesters.
Frankenstein’s Monster is coming back to destroy its creator. Good.
“Cause that’s where the money is.”
-Willie Sutton
In my dreams the steeple wake up to realize the stack of wealth the silicon tycoons are setting on makes that of their usual targets look like chump change. What is more, they fritter it away on crap projects and self indulgence.
Amazon has found a way to rake billions out of state taxes, so, what does that make them. Google, Amazon, Apple, all of them, sell your personal information without express permission from owners. Selling your personal information should come with a price. I figure they owe hundreds to thousands to every individual they conned.
"Where would Russian intelligence be without it?"
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