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The top 10% owns 87% of the stocks

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Re: The top 10% owns 87% of the stocks

#61

Post by signa11 »

JumpCrisscross wrote: post #48
ookblah wrote: post #31

I think about this from time to time and I suppose everything is cyclical in the end. Most of us would have been some peasant in the feudal age and when it gets really bad it always ends in a revolution of some sort. It's just on a global scale and timeframe now. As more of the population feels the effects of inequality they won't appeased by just fancy toys and shiny things, they will want change by force. My only s…

> just on a global scale and timeframe now And nuclear. We have yet to see our first nuclear civil war.

‘they irradiated their own people ! ?’

_very_ slightly edited from its original.

Re: The top 10% owns 87% of the stocks

#62

Post by JumpCrisscross »

signa11 wrote: post #61
JumpCrisscross wrote: post #48

Earlier quoted context omitted.

> just on a global scale and timeframe now And nuclear. We have yet to see our first nuclear civil war.

‘they irradiated their own people ! ?’ _very_ slightly edited from its original.

…I’m blanking on the sourced though I know it.

Re: The top 10% owns 87% of the stocks

#63

Post by itake »

thunkingdeep wrote: post #32
weatherlite wrote: post #4

So a stock market and/or real estate crash can actually be good to reduce inequality . In fact I think its about the only way to dramatically reduce inequality. Think about young people trying to buy their 1st home now, its becoming impossible.

This is astronomically incorrect it’s basically an info hazard. A market crash like that would result in extremely broad layoffs, major global supply chain instabilities, and a cataclysmic knock on effect of capital losses into nearly every walk of life on earth. Not to mention, as many already have, the federal govt would undoubtedly bail out the worst actors and leave the poor to fend for themselves. Just yesterday…

Also the rich have cash flow and can continuously invest during crashes.

The top 10% aren’t losing their jobs in a crash, but the bottom 50% might.

So while the top 10% keeps investing and will maximize the recovery, the bottom 50% will cash out at the bottom and won’t return to invest for years after their emergency fund has recovered.

Re: The top 10% owns 87% of the stocks

#64

Post by ty6853 »

stuaxo wrote: post #46
renewiltord wrote: post #42

Earlier quoted context omitted.

You guys are so obsessed with inequality because you're always looking in the other guy's cup. I don't care about inequality at all - only absolute living standards. The US has been an unequal place all its history and it's a tremendous country to live in. Here's a recipe for happiness: stop comparing yourself to others and stop trying to keep up with the Joneses. It's old advice, but it's clearly been forgotten.

Even the most basic of primates have a sense of fairness and get unhappy if someone is hoarding.

Which is why we should be encouraging the kind of wealth generated by mutually beneficial transactions, and thanking God if such strategy lead to people generating 'hoards' of value.

Re: The top 10% owns 87% of the stocks

#65

Post by ramon156 »

renewiltord wrote: post #42
weatherlite wrote: post #4

So a stock market and/or real estate crash can actually be good to reduce inequality . In fact I think its about the only way to dramatically reduce inequality. Think about young people trying to buy their 1st home now, its becoming impossible.

You guys are so obsessed with inequality because you're always looking in the other guy's cup. I don't care about inequality at all - only absolute living standards. The US has been an unequal place all its history and it's a tremendous country to live in. Here's a recipe for happiness: stop comparing yourself to others and stop trying to keep up with the Joneses. It's old advice, but it's clearly been forgotten.

These comments typically come from people who are doing well in life, im guilty of that as well.

Instead we should be looking at the cups below us who can barely get by their salary

Re: The top 10% owns 87% of the stocks

#66

Post by OsrsNeedsf2P »

renewiltord wrote: post #42
weatherlite wrote: post #4

So a stock market and/or real estate crash can actually be good to reduce inequality . In fact I think its about the only way to dramatically reduce inequality. Think about young people trying to buy their 1st home now, its becoming impossible.

You guys are so obsessed with inequality because you're always looking in the other guy's cup. I don't care about inequality at all - only absolute living standards. The US has been an unequal place all its history and it's a tremendous country to live in. Here's a recipe for happiness: stop comparing yourself to others and stop trying to keep up with the Joneses. It's old advice, but it's clearly been forgotten.

> The US has been an unequal place all its history and it's a tremendous country to live in.

Have you.. lived in other countries? I came here from southeast Asia and yes, my BigTech salary affords me a comfortable life, but I simply don't understand why the bottom 90% aren't up in arms over here.

Re: The top 10% owns 87% of the stocks

#67

Post by pjmlp »

weatherlite wrote: post #4

So a stock market and/or real estate crash can actually be good to reduce inequality . In fact I think its about the only way to dramatically reduce inequality. Think about young people trying to buy their 1st home now, its becoming impossible.

It has not been possible for decades in Southern Europe countries for decades, that is why most people live with their parents and only leave home when married, and then get credits that last all the way until they retire, assuming they live that long in first place.

Or eventually get the parents house from generation to generation.

Re: The top 10% owns 87% of the stocks

#68

Post by suraci »

weatherlite wrote: post #4

So a stock market and/or real estate crash can actually be good to reduce inequality . In fact I think its about the only way to dramatically reduce inequality. Think about young people trying to buy their 1st home now, its becoming impossible.

not always

in the great depression, the crash did reduce inequality

in the covid19, the crash increased inequality

my opinion is that nowadays, fortune is highly financialized.

during a crisis, for most(99.99%) ordinary people who are in the market, they suffer the real lose, and they have nothing to comeback, even have to sell their assets to pay their bills, all they can get from the goverment is something like food banks, or the best situation, get a job to sell their labor

but for certain people either hold enough cash or can obtain enough cash from government relief programs, putting them in a position of advantage, this enables them to quickly reap a large amount of wealth during an economic crisis.

Re: The top 10% owns 87% of the stocks

#69

Post by lmpdev »

denkmoon wrote: post #10
weatherlite wrote: post #4

So a stock market and/or real estate crash can actually be good to reduce inequality . In fact I think its about the only way to dramatically reduce inequality. Think about young people trying to buy their 1st home now, its becoming impossible.

The 2008 stock market crash famously reduced inequality. Definitely didn't increase inequality by leaving the average person (via government bailouts) holding the bag.

Only in the US and some other countries

I’m still “waiting” for the GFC to correct the Australian housing market…

Re: The top 10% owns 87% of the stocks

#70

Post by ulfw »

robocat wrote: post #20

And how much of that is owners of tech companies that they founded? The US economy depends on those tech companies: try succeeding in a country that only has old school businesses: I remember the top stocks for France are terrifyingly old. I'm in New Zealand and we hardly have any tech stocks. Xero, RocketLabs? We often sell our successes overseas. Edit: many of https://en.wikipedia.org/wiki/List_of_wealthiest_Americ…

Tech isn't the world. In fact if anything tech as an industry is performing awfully for us people. Lay offs lay offs for years
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