h24.....not true....never was...never will be......
it's a very clever complete leftist/socialist/progressive fabrication in which the generation of dollars is made synonomous with wealth....
do you know that "Wall Street" transactions....such as the dollar value of stock trades....are NOT part of GDP....nor is the interest gained on your savings account?
All of the money generated by "Wall Street" creates dollars on which income/cap. gains taxes must be paid.....and, creates inflation only.....that's why 1% pay most of the nations personal income taxes....but, that is not because wealth was created...
money generation and wealth creation are not the same.....
if your statement is true
thats why 98% of the wealth belongs to 1% in this country.
please reconcile that statement with the fact that over 3/4 of GDP is created by "small business"....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.