It’s compounding interest. The more money you have invested in the stock market, the easier it becomes to make even more. No “squeeze” is required - just sit back while your money works for you. You don’t even need to be in the global top 1% to take advantage of this. Even I passively earn the equivalent of a few months’ salary each year just by investing my savings - and I’m by no means rich; I do manual labor.
Comment on Wealth of Global 1% Has Skyrocketed by Over $33 Trillion Since 2015: Report
Linktank@lemmy.today 3 weeks ago
Yeah because they’re squeezing every last penny despite the fact that they’ve already got more than they can spend. They should be put in labor camps.
Opinionhaver@feddit.uk 3 weeks ago
chicken@lemmy.dbzer0.com 3 weeks ago
It’s more that the squeeze is done on your behalf, than that it is not required
Linktank@lemmy.today 3 weeks ago
You’re correct that no squeeze is required, which is why them doing it is that much more bastardly.
Opinionhaver@feddit.uk 3 weeks ago
I’d say it’s pretty pointless to blame individuals for taking advantage of a broken system. It’s probably more productive to focus on criticizing and changing the system itself.
FlyingCircus@lemmy.world 2 weeks ago
Well, guess who is stopping us from changing the system?
Linktank@lemmy.today 3 weeks ago
Sure seems weird to take a stance that is protecting people who are actively harming you in great and measurable ways, but hey, you do you.
GoobyMcMooby@lemmy.zip 3 weeks ago
They’d die in a week due to never really doing any actual labor.
Linktank@lemmy.today 3 weeks ago
And?