It seems to me, and I may be wrong, that the top 10% hold the keys to the kingdom, the kingdom itself being funded by the masses. Every paycheck that flows into a 401(k) ends up buying the same few stocks through index funds. It’s a brilliant, self-reinforcing loop, yet a fragile one. It should be in everyone’s interest, you’d think, to keep that wheel of fortune turning. Nice and steady as she goes. Everyone wins.
It seems to me, and I may be wrong, that the top 10% hold the keys to the kingdom, the kingdom itself being funded by the masses. Every paycheck that flows into a 401(k) ends up buying the same few stocks through index funds. It’s a brilliant, self-reinforcing loop, yet a fragile one. It should be in everyone’s interest, you’d think, to keep that wheel of fortune turning. Nice and steady as she goes. Everyone wins.
Puric victory at best for the masses.