rbreich ,
@rbreich@masto.ai avatar

The top 10% of richest Americans own 87% of stocks.

The top 1% alone own roughly half of all stocks.

It's worth pointing out once again that the stock market is not the economy.

jm101 ,
@jm101@mstdn.party avatar

@rbreich

Couldn’t have said it better

Everyone should Invest EVERYONE

WillA763 ,
@WillA763@mastodon.social avatar

@rbreich But they sure control it.

shannonpersists ,
@shannonpersists@mastodon.social avatar

@rbreich
Dollar General is a sell now because their systems are breached to the point of me losing $50 .
@wigbert

SammyGalen ,
@SammyGalen@mstdn.social avatar

@rbreich Thank you! Yes! Indeedio! A minimum wage worker (80$ of workers out there after the Reagan economy reformation on the nation) does not care about how their favorite CEO can't make his multi-million dollar retirement package after he ruined his company!

impooortant ,
@impooortant@mstdn.io avatar

@rbreich Wonder which economic system is at the root of all this🤔

gumpfloyd ,
@gumpfloyd@mastodon.social avatar
LuLuLove ,
@LuLuLove@mastodon.social avatar

@rbreich you know back in the 80s the people owned 80% of the stock market... that's when things were a bit easier for people financially and that's how it is supposed to be

xs4me2 ,
@xs4me2@mastodon.social avatar

@rbreich

Change is needed…

luce ,
@luce@eldritch.cafe avatar

@rbreich is there a source where I could look up the numbers, maybe also for other countries? Really very interesting, although not really surprising unfortunately

Ulan_KA ,
@Ulan_KA@social.tchncs.de avatar

@rbreich It is the same with ownership of fertile land and other natural resources.

ZillaMon ,
@ZillaMon@mastodon.social avatar

@rbreich I agree the stock market is not the economy and the top 1% should remember the lesson from 1929 . A crisis they created.

varob227 ,
@varob227@mas.to avatar

@rbreich @sshann exactly! The quickest and best way to get rid of the billionaires and right the ship is to crash the market. Wall Street doesn't print money, the federal reserve does!

helgztech ,
@helgztech@fosstodon.org avatar

@rbreich have you got a (peer reviewed if possible) source for this? I'm sure you're right but want to be armed with evidence.

nlpbot ,
@nlpbot@mstdn.social avatar

@rbreich bad timing, the economy is fine, don't give Trump talking points

alaskacacher ,
@alaskacacher@convo.casa avatar

@rbreich yeah and the 401k is way better than a pension

stux ,
@stux@mstdn.social avatar

@rbreich What about something like..

The .% of the total population owns ..% of the total wealth

"wealth distribution pyramid in 2020 shows that the richest group of adult population (1.1%) owns 45.8% of the total wealth"

Communism is totally not an option but capitalism as is failed drastically

TheNovemberMan ,

@rbreich 👍💯👍

Clarity ,
@Clarity@c.im avatar

@rbreich For some not all

TCatInReality ,
@TCatInReality@mastodon.social avatar

@rbreich
...one more reason capital gains should be taxed at ordinary rates

johnefrancis ,
@johnefrancis@mastodon.social avatar

@rbreich what about bonds? The equities market is tiny compared to credit markets. The bond markets receive mind boggling govt subsidy, the risk-free non-zero-returns floor set in the market by govt bonds...so the 1% can get income, just for having money.

SNerd ,
@SNerd@lor.sh avatar

@rbreich
They can crash the market at will

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