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Fifth paragraph (and nodesocket said "rich to stay rich", not just ultra-rich and ceos): Because the wealthiest 10% of U.S. households own 84% of American-held
by mrep 8y ago
Fifth paragraph (and nodesocket said "rich to stay rich", not just ultra-rich and ceos):
Because the wealthiest 10% of U.S. households own 84% of American-held shares, the obsession with maximizing shareholder returns effectively means America’s biggest companies have dedicated themselves to making the rich even richer.
- subway 8y agoThat statement is pointing out the existence of a feedback loop in need of dampening. It's not saying the market needs to go away, or that it only benefits a minority. To imply it's a cry that the game was designed to be rigged is a straw-man.