Yet only the richest ten percent of Americans "earn" enough money to join the US investor class. Are you arguing the US economy should work only for the richest ten percent of Americans while consigning the remaining 90% of workers to endure one round of austerity measures after another?
Being an investor isn't dependent on how much you earn. Again, a janitor ended up with $8 Million. So you don't have to earn big bucks to end up in the 'investor class'. In fact, I'm in the investor class, and yet I haven't earned more than $30k a year.
The poorest people can be part of the investor class. It's a matter of.... choosing to invest.
How to Become a Millionaire on Minimum Wage | The Motley Fool
If you put in just $50 a month, from age 18.... consistently, year over year... into good growth mutual funds, you'll end up a millionaire, even if you are making just minimum wage.
Anyone can be in the investor class... you just need to make the choice to invest. If you choose to not be an investor, that's not a problem of society, or the economy. That's a problem on you.
None of which changes the fact the richest ten percent own the vast majority of stocks in the US and virtually all of the voting shares.
The richest ten percent of households now control 70% of all US wealth, and you won't slow that rate of acquisition by putting $50 month into a mutual account.
The richest 10% of households now represent 70% of all U.S. wealth
This is like, there is a pizza on the table, and everyone says "Dig in", and I start eating it. You never grab a slice, and never eat anything. Eventually we get done, and the pizza is gone, and I've had most of the pizza.
Then you start screaming "You ate most of the pizza, and I didn't get any!".
That's on you. Stop making stupid choices.
The irony in this conversation is that half the posts by you in this thread, are about how the stock market is a terrible evil ponzi scheme......
But then you turn right around and complain the Rich own most of the wealth.... which is primarily in Stock assets.
So which is it?
Are stocks a ponzi scheme, and good thing the rich own them all, and not us?
Or is it bad the rich own most of the stocks, and we should go buy some for ourselves?
Dude it can't be both. It's one or the other. You can't complain that cake is terrible and no on should eat it, and then complain that rich people have all the cake, and it's terrible we don't get more.
You can't play this bonkers schizos game.