[eyc234]

Originally Posted by ithos

The top 10% of Americans held 93% of all stocks, the highest level ever recorded.
Meanwhile, the bottom 50% of Americans held just 1% of all stocks in the third quarter of 2023.
The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high
Something has to be done about the massive trade and goverment budget deficits. Do you have a better idea?

Yep, ditch and redo the US tax code. All monies made by a corporation, no matter where are taxed, no more write offs for corporate R&D, no more deductions for mortgage interest, no more fixing by attorneys for not paying your taxes and hedgefund managers pay full tax on compensation even if it is stock. Simpler tax returns and limit cheating .