tacitusarc
Joined 6 years ago
Joined 6 years ago
I do not believe this is true historically
If you think there is a wealth inequality problem, I would encourage you to call out bad information, because it is the simplest way for opponents to discredit your position.
(Clearly this is what I am doing…)
That is massively false. It’s closer to 5%. Still really bad IMO but 0.004% is a ludicrous thing to claim
https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...
Even if the board cares, they are pressured by the investors.
Even if the investors care, they are pressured by the pension fund administrators.
Even if the pension fund administrators care, that far removed, they care about their pensioners more.
A young Thomas Carlyle was attending church with his mother. Upon returning home, after a lengthy sermon by the minister, Thomas turned to his mother and exclaimed, “If I were the minister, I would simply say: good people, you know what to do, now go and do it!”
His mother replied, “Aye Thomas, but would you tell them how?”