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<blockquote data-quote="R_Chance" data-source="post: 9450246" data-attributes="member: 55149"><p>I haven't read the article you are referencing, but... I just retired from teaching. My retirement fund (CALSTRS) holds 345 billion dollars of stock. They have 100 billion more than Elon Musk. The total capitalization of the stock market is 45-50 trillion (presumably this is just publicly traded stock). I suspect the wealthiest includes groups like them, unless their ownership of about 2/3 of a percent of the total is part of the 7% of the total. Considering CALSTRS only covers California retired teachers I suspect the 93% includes a lot of similar organizations. It is the largest educators only pension fund, but there are a lot of others out there (including the fund covering other state employees and non teachers in California). How you define the wealthiest 10% can be complex. Are they only considering individual ownership of stock? Not organizational holdings such as mutual funds, pension funds, corporations, and so on? Interesting but I have games to work on and I am retired <img src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f600.png" class="smilie smilie--emoji" loading="lazy" width="64" height="64" alt=":D" title="Big grin&nbsp; &nbsp; :D"&nbsp; data-smilie="8"data-shortname=":D" /></p></blockquote><p></p>

[QUOTE="R_Chance, post: 9450246, member: 55149"] I haven't read the article you are referencing, but... I just retired from teaching. My retirement fund (CALSTRS) holds 345 billion dollars of stock. They have 100 billion more than Elon Musk. The total capitalization of the stock market is 45-50 trillion (presumably this is just publicly traded stock). I suspect the wealthiest includes groups like them, unless their ownership of about 2/3 of a percent of the total is part of the 7% of the total. Considering CALSTRS only covers California retired teachers I suspect the 93% includes a lot of similar organizations. It is the largest educators only pension fund, but there are a lot of others out there (including the fund covering other state employees and non teachers in California). How you define the wealthiest 10% can be complex. Are they only considering individual ownership of stock? Not organizational holdings such as mutual funds, pension funds, corporations, and so on? Interesting but I have games to work on and I am retired :D [/QUOTE]

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