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Stock market increasingly detached from middle-class reality.

"That's because 84% of stocks owned by U.S. households are held by the wealthiest 10% of Americans, according to an analysis of 2016 Federal Reserve data by Edward Wolff, an economics professor at New York University.Feb 5, 2020" reuters.com

When one looks at overall wealth, bank deposits, land, etc. it's even far more concentrated.

Why people think CEOs, millionaires, and billionaires make good political candidates is beyond my comprehension. NONE of our great presidents was a great businessman, a magnate. Those men, in fact, were hated by our grandparents and stigmatized, for generations, as Robber Barons. It seems people tend to forget how the "Robber" part of that was earned.


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