The rich now own a record share of stocks, about 93% of U.S. households' stock market wealth is held by the top 10%

Bruh, if you had invested your school lunch money instead of literally eating it and thus draining it down the toilet, you would have been a millionaire by now. Subscribe for more of my finance tips for just $20 a month.

tax. every. trade.

Well of course they do. That's the whole point of the legal scam of investing. If it benefits regular people it wouldn't exist.

Don't worry, it'll trickle down.... Annny day now.

This is an important thing to note when someone claims that you should be eager about stock market performance because of your [comparative handful of] shares in your retirement account. Accounts such as the 401k were probably devised to tie up regular people's money into the stock market, injecting more money into it and making it seem more important (and thus worth bailing out).

And you thought Monopoly was just a game!

Billionaires shouldn't exist.

The "Eat the rich" crowd continues to do absolutely nothing.

Seems weird to make this assertion, and fail to provide what the total holdings cutoff is to be in the top 10%.

No no you guys all don’t understand that this is a good thing because… (let me check my notes…) ….uh…hm…derrr…communism.

My wife and I constantly lament how we were born a few decades too late. For everything

One thing the article doesn’t make super clear to me is if that figure includes investment funds and whatnot, and to what degree. It sounds like it might but elaborated very little beyond a vague statistic.

Permanently Deleted

No shit. If someone does not have money they don't need then they can not buy stocks or any investment.

Cause and effect

Is this really a new thing? Haven't the rich always been the stock-holders?

Gasoline is relatively cheap.

Just saying...

Tax stock over 100,000 shares 1% per current price, per stock, per quarter.

I don't think it's good to have such wealth inequality, but I do this general investment into the stock market should be encouraged.

401ks are so much better than pensions as a retirement vehicle. Better return on investment and more financial separation from the company I work for. I never worry about someone raiding the pension fund or a company going bankrupt, and I've received much better return on investments than the numbers you hear from pension funds! That's not even considering 401k matching......

I'm shook!

So if everyone in the US stops buying publically traded companies, it would bankrupt the top 10%?

#fuckingcapitalists

It's actually insane knowing that so many people on this planet live in extreme poverty, in slums, have no safe access to food and water and yet we have many single humans buying 15 cars, villas worth 15 million, yachts etc.

At this point I shouldn't take me out of the equation because even though I am not rich I still buy useless stuff I might not need and someone else needs the money more than I do.

But I just can't wrap my head around that a lot of individuals have so much money. No human should have 10x more than an average person needs. What justifies someone making albums and selling them for 15$ and that person earns 20 million $ cause so many people buy the album for 15$. At some point the money should flow to programs or other things that benefit society.

Sure the album is great, thats why it is selling, but why a nurse for example is doing hard work and just will never earn that money. I'm pretty sure most nurses have done a lot more things during their career that SHOULD be worth millions. But thats not the point. Even nurses shouldn't have more than 10x what they need. No one needs it. It's great to have but no one needs it.