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83% of US stocks are in the hands of the richest 1% http://www.businessinsider.com/22-statistics-that-prove-the-middle-class-is-being-systematically-wiped-out-
by jbooth 16y ago
83% of US stocks are in the hands of the richest 1%
http://www.businessinsider.com/22-statistics-that-prove-the-middle-class-is-being-systematically-wiped-out-of-existence-in-america-2010-7#83-percent-of-all-us-stocks-are-in-the-hands-of-1-percent-of-the-people-1 http://www.businessinsider.com/22-statistics-that-prove-the-...
So what do the remaining 99% do, if they can't get a job and they're not holding the stock that pays out the benefits?
Not to mention "distribute earnings to shareholders" sounds a lot nicer than "pay myself as CEO and owner of a bajillion options".
- tomjen3 16y agoStart their own business, obviously. Then they can get shares in that.
- jbooth 16y agoWhat % of that 99% of America do you think are capable of starting and sustaining a business? Assuming that all of them are smart enough and have skills to do so.. who do they sell stuff to, if 99% of everyone is broke? Where do they get initial capital?
- tomjen3 16y ago75-90% of working adults would be able to start a business (remember business, not a startup. Cutting peoples lawns, fixing toilets, cleaning windows, picking kids up from school, etc could be the basis of a business) They could sell to the others who where starting businesses, and to the 1% who would have to buy what they want from the 99%. It would also be the 1% whom they get their initial investment from, given that they would want their monies to grow.
- jbooth 16y agoRight. So why's that not happening right now? Let me guess. Too much "big government"? We just need to cut taxes on rich people a little more and we'll be in capitalist utopia?