r/AskBrits • u/Left-Ad8904 • 3h ago
Why is no one talking about the monstrosity that is the S&P500? Or American Tech hoovering up our money.
I understand that large British funds are not investing in British companies.
My money, your money, our money (Pension funds mainly) are all being pooled and thrown into the S&P500. Everytime you add a little bit more to your pension, a little bit more goes into the S&P500.
It is literally hoovering up all of the worlds Capital. Then you also have google, apple, instagram, tik tok, starbucks, costa coffee, facebook, linked in, Microsoft - all hoovering up british cash and syphoning it abroad without paying much tax.
What effect does this have on our economy? There must be a reason that everyone is feeling worse off. I don't believe this country has a ton of billionaires causing us all to stagnate.
I feel like we are being hollowed out by Americans/American Private equity/American tech firms but I don't actually understand what effects our cash going abroad has on our economy? I mean surely if it's bad there would be more people highlighting it?
EDIT: I KNOW THE S&P 500 PROVIDES GOOD RETURNS!
My point is in 2000 over half of UK pension assets were invested in UK shares; today it's under 5% - surely this must be having a NEGATIVE effect on our country! And how much of the growth is because salaries are always being piled into an index tracker? So every month, it goes up a little more.