Re:The top 10% owns 87% of the stocks
by ahaferburg on Monday March 03, 2025 @07:07AM
(#43240969)
> in a very short time
Citation needed. This seems highly implausible.
Wealth is mostly inherited, and amassed over generations. The wealthy become more wealthy because they already have wealth. If you take that away, all those wealth management skills matter a lot less.
Re:The top 10% owns 87% of the stocks
by quacksilver on Monday March 03, 2025 @08:45AM
(#43241633)
Lots of rich people become poor as well, maybe its just that few people see a celebrity or multimillionaire going bankrupt and disappearing from the public view or their decedents blowing their inherited money on designer goods, cars, gambling alcohol or an expensive spouse who loves them for their money as particularly notable.
"from rags to rags in three generations" etc...
It seems like a symptom. Primarily because "wealth management" does seem to be a skill. So the expectation would be that even if you equalized all wealth tomorrow and suddenly educated everyone to the same level in it's management then in a very short time a large imbalance would again be created.
> but they aren't sure what it is or who to blame,
It's impossible to acknowledge that both of you are most likely equally wrong but just in different directions? If you worked together you'd get much further yet you can't even grant them basic personal agency. What a bummer. Inequality abounds.