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Most stocks hold by Americans are owned by the top 10%. Unfortunately this libertarian trickle down fantasy of trickle down economics is not correct.

• Spivak 8y ago
  This is a stupid argument. Say we have 100 people in our economy, 90 of them $50k, 9 of them make $200k, and 1 person makes 1 million. Everyone invests 10% of their income in 'stoks' which cost $5/each. Each of the 90 people invest $5k and have 1000 stoks. Each of the 9 people invest $20k and have 4000 stoks. The millionaire invests $100k and has 20,000 stoks. The top 10% have 99.96% of the stoks. It would be weird if the richest people didn't own most of the stocks. It doesn't necessarily mean there's a problem.
  • objektif 8y ago
    So you don’t see the problem in your little example?
  • FireBeyond 8y ago
    Except it's not 10%, or 1%. It's stats like "3 hedge fund makers make more than 140,000 teachers". The problem isn't disparity, it's the absolute mind boggling nature of it.
    • objektif 8y ago
      Yeah his example is comical in the sense that it kind of shows the nature of the problem.