Comment by breppp
2 days ago
Not sure what does that mean. Americans poor and wealthy are in the top 10% of the world wealthiest and own a huge part of the world stock value accordingly.
That's simply capitalism, money is spread unevenly across everyone, that does not make everyone an elite
So it’s more like the top 0.001% who have the voting majority in this wonderful democratic system we all have our life savings dumped into.
What was your attempted point? Or did you not understand the issue that was brought up?
Is that a bad thing? Why would I want someone who can't even manage their own money to manage my life savings? If anything I'd expect a company where the decisions are in the hands of 99% John Smiths and 1% Warren Buffets to be even more short sighted, *especially* when it comes to splurging on dividends.