Financial Times (October 21)
“Investors should expect decades of selling pressure on Japanese stocks from the most implacable bears in the market: the recently deceased…. The relentless sell-off, which threatens to intensify until the year 2040 as the huge, wealthy postwar baby boom generation expires, arises from an estimate that about 80 per cent of inherited shares are immediately sold by heirs.”
Tags: Baby boom, Bears, Deceased, Heirs, Inherited, Investors, Japan, Market, Selling pressure, Stocks
New York Times (November 23)
“Everything this president and this Congress are doing on economic policy seems designed, not just to widen the gap between the wealthy and everyone else, but to lock in plutocrats’ advantages, making it easier to ensure that their heirs remain on top and the rest stay down.” While the “terrible tax bills” may not make it through Congress, “environmental policy is largely set by administrative action, and this administration has been moving with stunning speed to get poisons back into our air and water.”
Tags: Air, Congress, Economic policy, Environment, Heirs, Plutocrats, Poisons, Trump, Water, Wealth gap
