I imagine a lot of this data is because they are the ones cashing out so I don’t know how accurate this is. I feel Its more likely the American population’s 401k are losing the value here. Billionaires selling off billions vs my measly 100k is going to have a more dramatic market effect. If that’s the case hopefully we see some massive capital gains tax… But my guess is this money is being reinvested somewhere else or offshored.

Reganomics. Trickle down economics. Only thing that trickles is piss and shit.

formerly known as the horse-and-sparrow theory: the idea that feeding a horse a huge amount of oats results in some of the feed passing through for lucky sparrows to eat.