Passive Power: Do Index Funds Hurt the Economy?
Many Happy Returns
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Common Ownership and Tax Avoidance
The chapter explores the concept of common ownership and its potential impact on tax avoidance and higher prices in the economy. It discusses how companies with high levels of common ownership tend to engage in more aggressive tax avoidance practices. It also examines the argument made by Blackrock that the evidence linking index funds and higher prices is based on fragile evidence and misconceptions.
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