It's not just shareholders but governments too - look at the left-leaning regeimes which had taxation higher for "unearned" dividend income than wages, and the free-market-leaning regiemes taxing dividends less than wages. I'm not even going to mention capital gains taxes.
Yeah, mental accounting.
It's not just shareholders but governments too - look at the left-leaning regeimes which had taxation higher for "unearned" dividend income than wages, and the free-market-leaning regiemes taxing dividends less than wages. I'm not even going to mention capital gains taxes.