Quote:
Originally posted by cthulu23
See this page for some interesting numbers about stock ownership...
The idea that janitors are equal partners in the "stock game" is a recent American conservative illusion.
Here are some other economic tidbits from the same site:
So there is obviously lots 'o money out there. Why hasn't it trickled down?
If you argue that gains have been made by the bottom 40% of society, I'd like to see some numbers that back this up.
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Funny I don't seem to recall saying that they were equal partners or that they owned significant levels of stock. Obviously the wealthy will own more stock than the not so wealthy. Just because they don't own a majority of the stock it does not mean they don't benefit from owning stocks or homes, or anything else.
There is no reason for the bottom 40% to suddenly be granted equal levels of wealth. Anyone who looks at it this way will never see any evidence of improvement. Pointing to the fact that there are wealthy people who own lots of stocks has nothing to do with the argument you put forth about real wages declining over the last 30 years.
You want evidence of improvement? How about the fact that the vast majority of people have jobs? The rapid influx of workers over the period you pointed to earlier has been absorbed by the economy and that results in lower wages for all. That very fact is missed in the real wage analysis.