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Keyser Soze

On 1/31/18 3:00 PM, wrote:
On Wed, 31 Jan 2018 13:07:49 -0500, Keyser Soze
wrote:

On 1/31/18 12:40 PM, wrote:
On Wed, 31 Jan 2018 10:03:21 -0500, Keyser Soze
wrote:

10%
of Americans who own 80% of corporate shares need more money.

I heard MSBNC say that too but what they ignore is just because most
working class Americans do not hold individual stock shares, they are
still invested in the market through their IRA and 401k plans. That
statistic they like to throw around assumes mutual funds are not
stocks.
My wife is a Trump hater too but she certainly likes the 10 grand she
made in her 401k last year.

What is the basis for your comment about "most" working Americans, and
how does that conflict with the claim that 80% of corporate shares are
owned by 10% of Americans?

Because you are talking about "shares" not money in funds where most
Americans have their retirement money. It doesn't really matter
whether that is a 401k/IRA, a private pension plan or a
union/government employee plan. A significant part of all of that
money is in equities and it is ultimately the worker's (later
retiree's) money.
The only exception I can think of is the federal government and they
have no real investments at all other than whatever our kids can bear
in taxes.

What percentage of equities, directly or indirectly through funds, are
held by the 10% of the wealthiest?