Re:Where our economy is, for the young
by anovikov on Friday October 02, 2020 @01:13PM
(#24664736)
Absolutely vast majority of income of everyone apart from billionaires/top 0.01%, comes from work rather than investments... Yes even for top 1% apart from top 0.1%, share of income from investments is negligible.
Total value of U.S. stock market is $35T and given the traditional 4% "safe" withdrawal formula, it is about 7% of GDP or 10% of overall income, as profits. About half of it going to the top 0.01%.
Problem maybe is that there are no highly paid jobs available for unqualified young people anymore.
Total value of U.S. stock market is $35T and given the traditional 4% "safe" withdrawal formula, it is about 7% of GDP or 10% of overall income, as profits. About half of it going to the top 0.01%.
Problem maybe is that there are no highly paid jobs available for unqualified young people anymore.