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How does that help people who don't even have that $100 to spare? They'd benefit far more from meaningful access to an economy's growth, wouldn't they? The peop
by rosser 9y ago
How does that help people who don't even have that $100 to spare? They'd benefit far more from meaningful access to an economy's growth, wouldn't they? The people who can afford to do that in a way that truly pays off already have plenty of money.
The stock market is open to more people, but it still biases disproportionately for those that have more money.
- skookumchuck 9y ago> people who don't even have that $100 to spare? This country does not consist of 1% super rich and 99% who do not have even $100.
- rosser 9y agoI don't see where I said it did. You didn't answer my question. EDIT: Forty-some percent of Americans don't have the cash on hand or free credit to handle an unexpected $400 expense. [0] That statistic is almost 3 years old. I doubt it's gone down in that time. [0] http://www.politifact.com/punditfact/statements/2015/jun/09/hunter-schwarz/47-say-they-lack-ready-cash-pay-surprise-400-bill/ http://www.politifact.com/punditfact/statements/2015/jun/09/...
- skookumchuck 9y agoI am addressing the income inequality issue. It doesn't need to apply to 100% of the population to be effective.
- rosser 9y agoHow is a thing which half the population doesn't have the disposable income to participate in "effective" in addressing income inequality?
- skookumchuck 9y agoThe survey is classic selection bias. Anyhow, it does not distinguish between "has no discretionary income" from "spent every dime they have". The latter is a common problem even among higher income folks. People seem to be able to find the funds to buy iphones/booze/drugs/airjordans even down to the lowest levels.