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> The 'big problem' is that a lot of small fish in the market might be in the top 20% are making 'some money' from stocks, and will push back against rectificat
by Cyril_HN 5y ago
> The 'big problem' is that a lot of small fish in the market might be in the top 20% are making 'some money' from stocks, and will push back against rectifications, all the while not realizing that though they are 'getting a better deal than the bottom 80%' ... those above them, i.e. the 5%, 1% and 0.1% are getting gigantically better deals.
> The 0.1% is screwing over the 1% as bad as the 1% is screwing over the 10% as bad as the 10% is screwing over the middle class as bad as the middle class is screwing over the working class.
I don't want to sound flippant when I say, I think that GME and a lot of the Reddit hype has helped to alleviate this among that successful 20%.
I think many of that group are seeing that, while the structure of the system does allow them to succeed more than the other 80%, the system isn't built with them in mind. So, when the system is threatened, it will hurt them happily. Furthermore, I think they have started to not just know, but genuinely understand, that the top of the top is further away from them than they realise and far, far more advantaged than they realised too.
That, of course, is just one recent and notable example of these realisations.
- sudosysgen 5y agoThe big thing is that there is a tectonic shift when you go from the top 20% to being wealthy enough that employment is no longer a meaningful part of your income. I think this is the big realization that puts things in place. But of course even amongst the 0.1% for which employment is genuinely counterproductive financially, there is the stratification stated above.