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Message: <blockquote data-quote="rickyb" data-source="post: 3348420" data-attributes="member: 56035">First, a tiny percentage of the population owns the vast bulk of securities purchased privately and not through pensions funds etc. Second, most Americans own little or no appreciable quantity of stocks and bonds, either individually or through pensions. Third, most pensions are managed by professional pension managers such that pensioners have neither control nor knowledge of what investments are made and often pay inflated fees for the management as well. - richard wolffMany middle-class families owe most of their net worth to rising prices for their homes. But by far the lion’s share of the real estate and stock market gains have accrued to just One Percent of the population. - michael hudson</blockquote>