3 ms·
You mean the average pensioner - the bottom 90% who own 11% of the stock market between them? What about them? Do you think the bottom 90% of pensioners do no
by pydry 4y ago
You mean the average pensioner - the bottom 90% who own 11% of the stock market between them?
What about them?
Do you think the bottom 90% of pensioners do not deserve to own more than 11% of the capital stock of the country?
- monero-xmr 4y agoI mean that huge pools of capital actually represent the interests of a lot of people, such as Norwegian Sovereign Wealth fund and CALPERS which collectively fund the retirements for millions of people. And there are 401ks and IRAs, and even social security which is backed by the dollar which requires a healthy economy to maintain its preeminence. It’s hard to just point the finger at this thing or that thing and pretend it’s just “the 1%” who benefits and they are causing all the problems. The economy, and society itself, is far far more complex and trying to do something extreme like destroy private business has enormous knock-on consequences.