I have no money in the stock market! I am not a millionaire or even a hundred thousandaire.
So how in the world does taxing billionaires hurt me. Senator Warren proposition for Social Security according to her Will give extra money in my Social Security Check.
Well unfortunately much of my fully funded pension that I receive is tied to the stock market.
Now one can ask yourself what does a pension tied to the stock market have to do with taxing extreme wealth? Let me explain billionaires don’t have their money in their pockets or even in the bank. Well.....they will have sell shares of stock. By the power of supply and demand the price of stocks will go down. There by diminishing the percentage of my pension being fully funded.
Now this theory was put to the test when Jeff Bezos sold over 1.5 billion dollars worth of Amazon stock, and the stock went down by 5 percent.
So why does Senator Warren want to hurt pension.
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