Letter

In response to Not all Americans own shares

Who does own shares?

Every night on our TV news, a disproportionate amount of time is given to the share market.

Nothing could be more inflationary than the trading in shares that increase in worth without actually increasing the value of the company.

That worth is being increased by chief executives and boards in the pursuit of their personal bonuses. There have been many crashes when the value of shares has fallen back more in line with the actual worth of the assets.

Yet another example of where the rich get richer and the poor suffer no matter what as the rich sweep up after each crash and the poor lose their houses.

— Bob Pearce from Adelaide SA