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Also, 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
by arebop 10y ago
Also, 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%...).