Comment on But how would they be able to live on that?
Olgratin_Magmatoe@lemmy.world 2 months agoWhy should we have a stock market in the first place? Seems like all it does is act as a means for the rich to shuffle their wealth around, funnel it to the top and claim they have next to no liquidity.
DreamlandLividity@lemmy.world 2 months ago
If you think that, you obviously don’t know what the stock market was created to do. Just google it. No point for me to write it here.
Olgratin_Magmatoe@lemmy.world 2 months ago
Original intention isn’t relevant when the current purpose is to fuck over anybody who isn’t the rich.
DreamlandLividity@lemmy.world 2 months ago
First of all, it matters if the stock market is fulfilling its original intention. Which it obviously is. Second of all, some of the biggest traders on the stock market are pension funds of common workers, appreciating their retirement money. Fuck over how exactly?
Olgratin_Magmatoe@lemmy.world 2 months ago
“The rich now own a record share of stocks,” Axios reported on January 10, noting that the top 10 percent hold about 93 percent of U.S. households stock market wealth.
ips-dc.org/the-richest-1-percent-own-a-greater-sh…
You’re being misleading, or have been misleading about the allocation of wealth within the stock market.
Retirement should be a public service, not a form of gambling within a system set up for the rich.