The wealthiest 10% of Americans own a record 89% of all U.S. stocks

Re:The wealthiest 10% of Americans own a record 89% of all U... by jldugger on Monday October 18, 2021 @12:13PM (#28907128)

> Not nearly everyone should have a say in what happens in the economy.

Alternative take: everyone already does have a say in what happens, as they participate. Nobody gets to dictate their own terms, though, but neither does anyone in politics.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by TameAntelope on Monday October 18, 2021 @12:20PM (#28907207)

Fair enough, though I think the point of contention is that 10% of Americans have 89% of the say, which means the remaining 11% gets divvied up amongst 90% of people, which isn't a lot per-person, comparatively.

But generally yeah, I do think everyone does get to participate, and that's a Good thing.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by jldugger on Monday October 18, 2021 @02:55PM (#28909868)

The other consideration is that apparently a lot of Americans have their wealth tied up in their primary residence. It's a lot harder to own a lot of stock when single family homes cost a million dollars, and you have to live there to get access to the metro's Good Schools.

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