I think we have to be careful of "class warfare". The statistics you cite are a bit misleading. For example, General Motors has a market capitalization (shares outstanding X share price) of about $7.4 billion. The report would show the "rich" owning that. However, the pension liability of GM is $11.4 billion. Most of that is payable to blue collar workers in the form of pension payments, your report excludes that wealth.
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."
|