The goal of “trickle down” was always really to “suck up”, so no-one should be surprised by this endgame.
while upper-middles might own stocks, they don’t get to buy into private equity funds or VC funds, where table-stakes are $5m
It’s really a minimum $1-million in net worth (excluding home) to be a qualified or accredited investor, but all that means is that the 1% is coming for the top 10%, too.
