Major stockholders aren’t just victims of circumstance, they literally voted for it.https://twitter.com/ndrew_lawrence/status/1248398068464025606 …
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Because inflation is a thing. You might as well ask why it's not still at $5,000 which is the original level.
No, it was a response to the GFC that never expired.
I think the main beneficiaries are retirees. Probably not why it was raised tho.
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