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submitted 1 month ago by cm0002@piefed.social to c/usa@midwest.social
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[-] lurch@sh.itjust.works 1 points 1 month ago

yeah, i think the only thing one can say with certainty is that they own shares.

did they buy them to get a vote in company decisions? did they buy them to get dividends? did they buy to later sell them for more? who knows.

[-] DancingBear@midwest.social 3 points 1 month ago* (last edited 1 month ago)

There is an 87% chance that any random stockholder is in the top 10% of wealth in the country.

Edit: If you divided all the stocks by issue number and put them in a basket, chose one randomly, there is an 87% chance that that specific stock belongs to someone in the top 10% of wealth in the country.

I get it, you might have some stock, your family members might have retirement accounts based on stocks.

This still does not change my FACT above.

this post was submitted on 25 Sep 2025
171 points (100.0% liked)

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