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Old 09-30-2008, 03:57 PM   #1 (permalink)
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Default 42% of the stock market
Over 42% of the stock market is owned by the richest 1%.

http://www.federalreserve.gov/PUBS/o...pers/wgt95.pdf
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Old 09-30-2008, 04:54 PM   #2 (permalink)
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I would have thought that the number is higher.
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Old 09-30-2008, 05:26 PM   #3 (permalink)
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I would have thought that the number is higher.
Hah, me too, actually. Huge pension funds probably own a whole lot, though.
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Old 09-30-2008, 09:19 PM   #4 (permalink)
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Over 42% of the stock market is owned by the richest 1%.

http://www.federalreserve.gov/PUBS/o...pers/wgt95.pdf
Over 39% of Taxes are payed by the richest 1%.

TaxProf Blog: Top 1% Pay More Income Tax Than Bottom 90%





"The top 1% of taxpayers (AGI over $364,657) earned approximately 21.2% of the nation's income (as defined by AGI), yet paid 39.4% of all federal income taxes. That means the top 1% of tax returns paid about the same amount of federal individual income taxes as the bottom 95% of tax returns." Oct, 2007.
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Old 09-30-2008, 09:31 PM   #5 (permalink)
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Over 42% of the stock market is owned by the richest 1%.
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Over 39% of Taxes are payed by the richest 1%.
Seems like there a 3 percent difference. Is there any reason for that difference to exist or should it be eliminated?
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Old 09-30-2008, 09:35 PM   #6 (permalink)
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Seems like there a 3 percent difference. Is there any reason for that difference to exist or should it be eliminated?
I vote that government eliminates the 3% discrepency.
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Old 09-30-2008, 10:07 PM   #7 (permalink)
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Yes but what percentage of the stock market is owned by the top 5%?
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