The wealthiest 10% of Americans own a record 89% of all U.S. stocks.

[curr3n_c1000]

The wealthiest 10% of Americans own a record 89% of all U.S. stocks

The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.

www.cnbc.com

I need the terb fanboys for the rich to explain why this is a good thing for society. Having all the wealth locked away for such a small group of people.

The system no longer works. Hasn't been for a long time.

 

[Anbarandy]

Yeah butt, the poorest 90% owe 99% of all the debt.

So, employing the latest cringe worthy capitalist free market economic theories, 99% of outstanding debt is greater than 89% of US stock equity.

Hence, therefore, thus and ergo, the markets are working exactly as they have been designed by the top 10%.

 

[Likeitgushy]

I wonder why they are putting this out now. It’s like they want us to do something about it. Lol

 

[bazokajoe]

Meh. It is what it is.

 

[Gooseifur]

The top 25% pay 86% of income tax paid

Who Pays Income Taxes?

(pdf) updated April 2024 It is a common refrain from some politicians that the rich are not paying their fair share of income taxes. This sentiment is echoed by findings from a Pew Research poll conducted last April, which indicated that a significant portion of respondents feel that wealthy...

www.ntu.org

I think that's pretty fair considering the bottom 50 % pay almost nothing.

 

[Phil C. McNasty]

Why not use this as motivation to become part of the 10 percent??

 

[Likeitgushy]

The top 25% pay 86% of income tax paid

Who Pays Income Taxes?

(pdf) updated April 2024 It is a common refrain from some politicians that the rich are not paying their fair share of income taxes. This sentiment is echoed by findings from a Pew Research poll conducted last April, which indicated that a significant portion of respondents feel that wealthy...

www.ntu.org

I think that's pretty fair considering the bottom 50 % pay almost nothing.

But you don’t pay tax on your unrealized gains. Sell your shit, pay your tax and you got a point.

Maybe not the top 10% but the top 0.1% have exceptional exploitation skills. Not sure if your that high up there or just make 6 figures.

 

[curr3n_c1000]

The top 25% pay 86% of income tax paid

Who Pays Income Taxes?

(pdf) updated April 2024 It is a common refrain from some politicians that the rich are not paying their fair share of income taxes. This sentiment is echoed by findings from a Pew Research poll conducted last April, which indicated that a significant portion of respondents feel that wealthy...

www.ntu.org

I think that's pretty fair considering the bottom 50 % pay almost nothing.

Wait a minute, wait a minute.

10% own nearly 90% of stocks.
25% pay 86% of the taxes.

How did we go from 10% to 25%? and still pay less? See this is how the rich keep winning. They can tell certain people BS and they will go with it.

 

[Likeitgushy]

The top 10% is only a $110k earning household (American- where this article is written).Canada is $134k per person.

capitalism breeds some greedy scum bags. If you need to exploit the poor to get rich I think I’d rather be comfortable than stupidly rich. The rich basically pimp the working class. O well is what it is until it isn’t.

 

[curr3n_c1000]

The top 10% is only a $110k earning household (American- where this article is written).Canada is $134k per person.

Not in America. 10% is America $200K or more, which $200K scrapping the bottom.

Distribution of household income U.S. 2023 | Statista

In 2023, just over 50 percent of Americans had an annual household income that was less than 75,000 U.S.

www.statista.com

 

[Likeitgushy]

Not in America. 10% is America $200K or more, which $200K scrapping the bottom.

Distribution of household income U.S. 2023 | Statista

In 2023, just over 50 percent of Americans had an annual household income that was less than 75,000 U.S.

www.statista.com

Makes sense. $110 k seemed mad low. I was always a lazy academic. Thanks for t he correction that makes way more sense.

 

[curr3n_c1000]

Makes sense. $110 k seemed mad low. I was always a lazy academic. Thanks for t he correction that makes way more sense.

That's why they say things like "25%". They want to create confusion by grouping high earners with wealthy for political protection.

A person that makes $125K a year is not comparable to a person making $2million a year or more.

 

[Anbarandy]

Not in America. 10% is America $200K or more, which $200K scrapping the bottom.

Distribution of household income U.S. 2023 | Statista

In 2023, just over 50 percent of Americans had an annual household income that was less than 75,000 U.S.

www.statista.com

I'm sure the 1%er's right here on TERB, and judging by posts we got hundreds of them on the board, will say, "no way Jose, the top 10% family income average is $15,000/year."

 

[oil&gas]

If you are unhappy about this make sure you don't vote for the Liberals
or the PC party for the next election. Give your vote to either the NPD or
the Green party. Bitching about this is unproductive.

 

[Robert Mugabe]

Well at least it should give us some faith in US stocks.

 

[Darts]

I guess we don't hear the stories of the ones who took the risks, invested their savings, work hard and failed. Instead, we want to punish the ones who succeeded because they are all crooked, yes?

 

[Likeitgushy]

I guess we don't hear the stories of the ones who took the risks, invested their savings, work hard and failed. Instead, we want to punish the ones who succeeded because they are all crooked, yes?

What punishment? Are you victimizing the rich? Lol

 

[Gooseifur]

Wait a minute, wait a minute.

10% own nearly 90% of stocks.
25% pay 86% of the taxes.

How did we go from 10% to 25%? and still pay less? See this is how the rich keep winning. They can tell certain people BS and they will go with it.

You don't get taxed for owning stocks. You get taxed when you sell them if you made a profit.

 

[curr3n_c1000]

You don't get taxed for owning stocks. You get taxed when you sell them if you made a profit.

Don't tell me. I didn't bring up the tax argument.