rockSlayerJust a little class consciousness to wash down another day of work
Point taken, but FYI billionaires don’t “make” a billion dollars regardless, it’s almost exclusively because their net worth due to stock ownership makes them a billionaire.
If you bought a house somewhere cheap, and then the eyesore old factory down the road gets torn down, and the land around your house explodes in value, you did not “make a million dollars” in income even though your house is now worth that much.
As well, most billionaires live off money they borrow at stupid low interest rates because that doesn’t count as income. An accountant would be able to explain in depth but that’s one of the way they dodge taxes.
bdonvrStocks are just an abstracted way of exploiting workers.
Ya know, workers can own stocks too. There’s even companies that give stocks to employees. Stocks themselves are not the problem.
And what percentage of stocks are held by the working class?
As much as they wish. Also there’s no working class, that’s not 18th century anymore.
unfreeradicalThe working class is not defined in terms of historical dates.
The working class is everyone who cannot survive based solely on income from owned assets, such as companies or rented properties.
Obviously, ability to purchase stocks is limited by wealth and income remaining after meeting other expenses.
Sorry, but the working class exists, and cannot own as much stock as it pleases.
A constructive answer to the question would be provided an actual percentage, rather than an absurd assertion.
There are no classes in a capitalist system.
Ability to make investments is not limited by wealth, this is not a 19th century anymore.
Not sure which percentages you want.