5 ms·
So the logistics of obtaining stock have been solved. That seems like a great and necessary step in the right direction. "84% of US stocks are owned by the ric
by rapind 7y ago
So the logistics of obtaining stock have been solved. That seems like a great and necessary step in the right direction.
"84% of US stocks are owned by the richest 10%" sounds like it could turn into a really big problem though. What can we do next? Why isn't everyone participating?
- loeg 7y agoIt could be a problem, or not. E.g., 16% of a 5x bigger pie is worth more than 30% of a smaller pie. The quote does not state that not everyone is participating (though it's true). Just that the least wealthy 90% own 16% of the (huge) US stock market.
- aries1980 7y agoBecause that number is about public companies. Many people run their own business, which might be not public, but they own "shares". Most Western countries have a wealth of prosperous SMEs. People who invest in someone else's company very likely do so because have no better option, e.g. to invest in her own company for growth. Btw please define "US stock". US tax resident? Listed on US the stock exchange? Owned solely by US citizens?