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  • Five Economic Reforms Millennials Should Be Fighting For ["Make Everything Owned by Everybody"]

    01/04/2014 1:40:02 PM PST · by grundle · 31 replies
    Rolling Stone ^ | January 3, 2014 | Jesse A. Myerson
    4. Make Everything Owned by EverybodyHoarders blow. Take, for instance, the infamous one percent, whose ownership of the capital stock of this country leads to such horrific inequality. "Capital stock" refers to two things here: the buildings and equipment that workers use to produce goods and services, and the stocks and bonds that represent ownership over the former. The top 10 percent's ownership of the means of production is represented by the fact that they control 80 percent of all financial assets. This detachment means that there's a way easier way to collectivize wealth ownership than having to stage uprisings...