News for hackers. Stuff that matters.

A comment on 93% of U.S. households' stock market wealth is held by the top 10%. Parent comment

Re:93% of U.S. households' stock market wealth is held by th... by 2big2fail_47 on Thursday January 11, 2024 @04:01PM (#38959007)
what are you talking about
[ Parent | on HN ]
Re:93% of U.S. households' stock market wealth is held by th... by Supermancho on Thursday January 11, 2024 @04:08PM (#38959100)
I interpret it to combine the 2 ideas:

No matter who is in charge, the world is going to be messed up in various ways.

Upsetting the economic pyramid will naturally form a new pyramid, with concentrations of wealth at the top. Pereto + Solow–Swan...eg In communist(ish) countries, the concentration incidentally ends up in the hands of the highest political positions and a few private individuals.

[ Parent | on HN ]