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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: rayvt ⎊🐝  😊 😞
Number: of 12675 
Subject: Re: Dividends
Date: 02/26/2024 11:41 AM
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It isn't all bad. This raises the income of a whole lot of very poor people in the world, and reduces the income of some people in the rich world, as the two converge a bit. If you think about it, there is no rational reason in the long term to think that (say) an auto worker in Detroit should be able to purchase with an hour's wages something at Walmart that took someone in another country with comparable skills 8 hours to make, let alone assume that it is his/her birthright.


But there *is* rational reason. And for a Detroit US citizen is *is* his/her birthright.

"no rational reason"?
Except that the duty of a government of a country is to look out for its own citizens.
The US should look out for US citizens,
France should look out for French citizens,
Germany should look out for German citizens,
India should look out for Indian citizens,
China should look out for Chinese citizens,
etc.

Neither the governments of France nor Germany nor India nor China have a duty to look out for the interests of US citizens. And vice-versa.
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