@57stude@InternetH0F To be clear, the only thing Blackrock βowns β is a contract to manage money for a trust
The index mutual fund that holds the shares of companies is the trust managed by Blackrock
@RBReich@Oxfam How much of that is cash-based versus stock-based wealth?
How much of this disparity is a function of inflated capital markets?
$1B in cash is vastly different than $1B in appreciated value of a company you founded