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Most stocks hold by Americans are owned by the top 10%. Unfortunately this libertarian trickle down fantasy of trickle down economics is not correct.


This is a stupid argument. Say we have 100 people in our economy, 90 of them $50k, 9 of them make $200k, and 1 person makes 1 million. Everyone invests 10% of their income in 'stoks' which cost $5/each.

Each of the 90 people invest $5k and have 1000 stoks.

Each of the 9 people invest $20k and have 4000 stoks.

The millionaire invests $100k and has 20,000 stoks.

The top 10% have 99.96% of the stoks.

It would be weird if the richest people didn't own most of the stocks. It doesn't necessarily mean there's a problem.


Except it's not 10%, or 1%. It's stats like "3 hedge fund makers make more than 140,000 teachers". The problem isn't disparity, it's the absolute mind boggling nature of it.


Yeah his example is comical in the sense that it kind of shows the nature of the problem.


So you don’t see the problem in your little example?




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