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by Mistletoe
1029 days ago
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I’m afraid that indexing and the top heavy nature of the SP500 has made it very against the personal interests of anyone in power to do this. :( They know their own net worth will tumble if they break up the seven or so companies propping up the SP500 right now. https://www.spglobal.com/marketintelligence/en/news-insights... Hopefully some politicians will eventually realize they are put in power to serve the needs of everyone not just the rich that own stocks. >In 2023, the percentages owning stock range from highs of 84% of adults in households earning $100,000 or more and about eight in 10 college graduates and postgraduates to a low of 29% of those in households earning less than $40,000. |
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