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Corporate profits have benefited greatly which thus benefits all who own stocks (top 20%). This is extremely misleading. Most of that 20% own it via their 401
by e40 11y ago
Corporate profits have benefited greatly which thus benefits all who own stocks (top 20%).
This is extremely misleading. Most of that 20% own it via their 401(k) or IRA or whatever retirement plan they are enrolled in. Those people will benefit from the ownership at some point if the market doesn't crash just before or during their retirement.
- arebop 11y agoAlso, the wealth of almost all those 20% depends strongly on their labor income. Almost all the stock is owned by people whose wealth depends almost entirely on investment returns. So those corporate profits are helping the top 20%, but mostly by helping the top 1% (mostly by helping the top 0.1%...).