With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
The top 10% of the wealthiest own 93% of all stocks with the 1% owning 54%
Those statistics are for volume of ownership and aren’t relevant to a discussion about wealth. I can own a handful of highly priced shares and be worth 1+ million while not holding a ton of shares.
Your highly priced shares are highly priced because of the volume held by the 10%
That makes no sense.
Volume traded increases value. If suddenly 93% of those holding were gone your high value stock would tank
Again that makes no sense to the example given. You are stretching very far here.