@andmoo222 @nntaleb Yeah if you dump a large chunk of extra shares on the market the price will go down at least a little... And if you try to extract a 3% wealth tax from investors collectively, there will be even less money available in the market to buy.
@andmoo222 @nntaleb I'm not saying existing valuations are *wrong* exactly, but that absolute numbers are misleading because money isn't real.