The top 10% own approx 93% of the stock market. The media doesn’t care about you, but their own wealth.
Posted by orbalix
The top 10% own approx 93% of the stock market. The media doesn’t care about you, but their own wealth.
Posted by orbalix
3 Comments
Who doesn’t have a 401K?
Your statistic says more about the wealth imbalance than the importance of the stock market.
Submission Statement:
Does anyone remember Occupy Wall Street? Where people actually were against wealth inequality. Now the media has those same people convinced helping Netflix, Apple, Microsoft, etc. is what will solve wealth inequality. It is clown town in the USA. Crashing the stock market is the best thing that could happen in America, especially for housing prices. When the top 10% own 93%, they can make it go up & down whenever they feel like it. What you’re seeing on days like today is them pushing it up so the firms you trust with your 401k buy in, then cashing out once you’ve raised the value. They’ve got AI that will always make better choices than you. The house always wins.
[https://tenor.com/view/mr-robot-arms-up-gif-10204854](https://tenor.com/view/mr-robot-arms-up-gif-10204854)
Investing shouldn’t be for making money by simply pumping money into companies and expecting massive returns, it should be for people investing in companies they actually like the company/their products. All investing for ROI’s does is hurt the employees of these companies by management cutting costs, keeping wages low and laying people off.