The Bottom 90% of Americans Are Borrowing From the Top 1% – The savings of the rich are recycled into household and government debt.

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Are people rediscovering how the financial markets work?


What an asinine article for the sole purpose of an inflammatory headline. “The bottom 90% of Americans Are Borrowing From Pension Funds” (pick anyone that might invest in the stock market here). Just because a certain dollar may end up purchasing an asset like shares of a bank, doesn’t mean a borrower borrowed from the owner of the dollar. They borrowed from the bank.


Is this supposed to be news? Are people seriously just figuring out how lending and debt work?


Capital returns are higher than gdp growth. Basic math dictates that as long as this relationship holds, then inequality would widen. It’s a feature of capitalism not a bug.


Hmm nothing new there then