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A comment on The wealthiest 10% of Americans own a record 89% of all U.S. stocks. Parent comment

Re:The wealthiest 10% of Americans own a record 89% of all U... by ResearchCode on Monday October 18, 2021 @11:40AM (#28906612)
It doesn't if you tax capital gains properly. It's more important to speak of relative ownership as that reflects the change in power held by the 90% majority of Americans - it's vanishing before your eyes.
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Re:The wealthiest 10% of Americans own a record 89% of all U... by paconbork on Monday October 18, 2021 @12:23PM (#28907257)
If the most important thing is relative ownership then it sounds like you would prefer the poor to be poorer, provided the rich were less rich
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Re:The wealthiest 10% of Americans own a record 89% of all U... by ResearchCode on Monday October 18, 2021 @12:33PM (#28907417)
Oh the poor is getting poorer in both ways when they for instance get priced out of the housing market. Wealth equality is a premise for long term prosperity of the majority.

And it's a feedback system, next time they choose the red or blue pimp, their ballot will be worth less due to increase in lobbying money held by the 10-1-0.1% - lobbying money used to purchase tax cuts for the same 10-1-0.1%.

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