The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high
Posted by DerpyMistake
The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high
Posted by DerpyMistake
5 Comments
All this rhetoric about the stock market dipping meaning the end of the world as we know it is just more fear mongering. DO NOT FALL FOR IT
Over the past weak, there’s been a notion in this sub that runs counter to the narrative over the past decade. Suddenly, trickle down economics is actually real and hurting the billionaires will trickle down to the peasants. Suddenly, all the stocks that are declining are hurting the poors. Suddenly, the sitting president has a say in the price of gas and eggs, and not only that, he should be able to recover from a recession within a few months.
Trump and Musk have already stated that their plan is to crash the economy. They have no plan to restore the economy. This is how they plan to cull part of the population and pummel the rest into subservience. It’s not even a secret
57% of American workers have access to 401k plans which are tied to the stock market.
And let’s be honest here, we listened to four years of you people screeching about Biden’s economy, Bidenflation, and Biden’s gas prices. Remember all the “I did this stickers”? You elected a guy who said he would fix it on day one. A guy who said the president is responsible for all that.
He makes it worse and now you want to tell us the economy, inflation, gas prices aren’t a big deal and nobody should worry? GTFO
93% as of right now. That number will go up. Crash the stock market -> people freak out and sell -> stock prices free fall -> the elites buy them all back up for pennies on the dollar. Rich get richer and poor get poorer. Wealth extraction 101.
LET IT BURN!!!!