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Personal Finance and Investing

progree

(11,463 posts)

20. There are many more than just Marketwatch quoting that statistic

Reply to at140 (Reply #16)

Sun Feb 9, 2020, 08:03 PM

Feb 2020

The original source of that is Professor Edward Wolff, and he writes a lot about the problem of growing inequality, and not from a Wall Street perspective either. He has proposed a wealth tax.

https://www.nber.org/papers/w24085.pdf

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Only half of Americans own stocks, and 84 percent of all stocks are held by just 10% [View all] at140 Feb 2020 OP

Are we talking outright stock? RandySF Feb 2020 #1

It includes stocks held in mutual funds progree Feb 2020 #4

Then it has to be more than half. RandySF Feb 2020 #5

Then what has to be more than half? progree Feb 2020 #6

I think the article is off. RandySF Feb 2020 #8

It could be. But why do you think so? It is a much quoted statistic progree Feb 2020 #9

Marketwatch?? They depend on more stock buyers! at140 Feb 2020 #16

There are many more than just Marketwatch quoting that statistic progree Feb 2020 #20

I wonder.... lastlib Feb 2020 #24

Well, 55% of Americans said they own stock in 2019 (was 63% in 2004) - Gallup progree Feb 2020 #15

Good point to make! A gross distribution of wealth in this country, which should have never... SWBTATTReg Feb 2020 #2

A very clever way to pitch one's primary candidate outside of the Democratic Primaries Forum progree Feb 2020 #3

My candidate preference is not important, the subject matter of thread is! at140 Feb 2020 #17

The admins instructions are clear - and there was a good reason for them. We don't progree Feb 2020 #18

To answer your tax question -- I got screwed a bit progree Feb 2020 #19

I've been on the road all day and only just saw this thread a short while ago..... A HERETIC I AM Feb 2020 #21

OK, I will edit my post...as the mention of Warren was incidental. at140 Feb 2020 #22

Fair enough. A HERETIC I AM Feb 2020 #23

Vanguard use to use Wellstone ruled Feb 2020 #7

I own stock jls4561 Feb 2020 #10

There are other places to invest Progressive dog Feb 2020 #11

True. Pension plans are included in the stock ownership statistics cited in the OP progree Feb 2020 #12

Defined benefit plans are not Progressive dog Feb 2020 #13

EDITED - you apparently are right, looking at the paper (NBER link). progree Feb 2020 #14