Interesting...that....our government and politicians...can make decisions for decades...that lead to what they now call wealth inequality(tongue in cheek)....and I might add...that was highly predictable.....and when things become somewhat "unsustainable"....they target someone else (the top1%,5%). That is part of my take away from this article. The data and the article are being generated....for a reason. I'd be curious...to see population growth numbers, what that growth was attributable to, where that growth ended up in the percentages and whether or not it increased or decreased true percentages in a chart for the same time periods. There are more reasons....than just "stock market investment"...for the inequality of wealth in our nation and I don't think this article tells the whole story. To tell the whole story might have made the article too cumbersome. Who knows? But to draw conclusions from just part of the story....well...is ...typical...of the rhetoric we've been hearing for a while now.
What was interesting to me in this article is that 50% of American households do not own 1 stock. It's probably the same 50% that don't pay any tax. I'm not sure if a household doesn't pay tax...they should even be included in the percentages of wealth generation...except to point out...the large percentage of people the tax paying people are carrying. Perhaps that was the point.
There are other things I could say...but don't think the forum rules allow for it.
Suffice it to say...I'm starting to believe on a purely functional level....we have 2 political systems in the U.S.
(and I'm not talk about Democrats and Republicans )
What was interesting to me in this article is that 50% of American households do not own 1 stock. It's probably the same 50% that don't pay any tax. I'm not sure if a household doesn't pay tax...they should even be included in the percentages of wealth generation...except to point out...the large percentage of people the tax paying people are carrying. Perhaps that was the point.
There are other things I could say...but don't think the forum rules allow for it.
Suffice it to say...I'm starting to believe on a purely functional level....we have 2 political systems in the U.S.
(and I'm not talk about Democrats and Republicans )