Jeremy goss says:
February 21 2022 at 12:28 pm
Shareholders get $90 billion in dividends and share buybacks. Individuals then decide where they’d like to invest their money. Quite possibly in the Green Revolution.
Unless this is stopped by a tax, of course .
Richard Murphy says:
February 21 2022 at 12:40 pm
You know that is drivel
“ Individuals then decide where they’d like to invest their money”
With companies like BP and Shell, I shouldn’t think much of the dividend even goes to individuals. Someone might know where to find the figures, but I would guess most of the shares in big mature companies like that are held by institutions – pension funds, investment funds, unit trusts, etc. – so a lot of it will be reinvested by the fund managers without even being paid out to individuals.
You know that is drivel
Hubris meets cognitive dissonance.
Tells me he reads this site and knew this comment came from you, hence his reflexive reaction
Murphys thread from this morning about the invasion of Ukraine contains some gems..some of his stalwart supporters are getting banned in quick succession..looking at the dialogue it shows there are bigger idiots than Murphy out there..shame PSR didn’t have the balls to write that line..would be a blog high if he got banned too
That post was one of the finest ever seen on the blog – for those who don’t visit TRUK often go to ‘Is today where everything changes?’ – genuine comedy Gold…..
Ritchie’s is banning commentators for taking the Seamus Milne/John Pilger line and supporting Putin.
For one it looks like he is on the right side. A stopped clock moment.
but I would guess most of the shares in big mature companies like that are held by institutions – pension funds, investment funds, unit trusts, etc.
Who either re-invest the money, or pay it out to individuals, as pensions, dividends, profits etc.
While much of the stock market is owned by institutions, it is all owned by people or governments in the long run, no matter how indirectly.
Chester Draws, yes. My point was that Murphy seems to think that dividends will not be reinvested, presumably because he thinks rich shareholders spend it on caviar. Not that that is true anyway (or not much), but actually a lot of the dividends will be reinvested without the individuals even having to think about it.
It’s true I don’t hold any torch for the likes of Milne/ Pilger but why ban anyone? I am not aware that Tim has banned anybody. Even people like Arnald, DBCreed and the NewRemainiac were allowed to post freely for weeks if not months. It speaks volumes that rather than simply ignoring people if they want to spout pro Kremlin drivel he rises to the bait.
Free speech is the watchword, even if the speech is foolish!