"It's not only the loss of the sales revenue, but the fact that the gain goes to our chief rivals in the business, the Europeans."
The problem is that these gains went disproportionately to the wealthy.
Note: all gains and losses go through the income statement.
When stock prices are rising, the biggest gains go to those who buy shares on borrowed money.
Yet Japan's gains in the war did not go uncontested.
Because community programs are small and scattered, the gains often go unnoticed.
The biggest gains have gone to stocks that previously had been of little interest to American investors.
Any future gains or losses from those assets will go to the parent.
"The gains have gone to owners of capital and not to workers."
Accounting rules let such gains go into a company's income statement, although the company cannot spend the money for anything but pensions.