Bloomberg ETF Analyst Says Most U.S. Billionaire Wealth Is Tied to Stock Ownership
JH Kim
Summary
- Eric Balchunas said most of the wealth of America's top billionaires is tied to stock ownership.
- He said a large share of wealthy Americans' assets was built through stock holdings.
- Balchunas argued that stock donations by the wealthy could help ease the wealth gap.
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A proposal has emerged that stock donations could help narrow the U.S. wealth gap, given that much of wealthy Americans' assets has been built through stock holdings.
On Oct. 19, Eric Balchunas, senior exchange-traded fund analyst at Bloomberg Intelligence, said most of the wealth of America's top billionaires is linked to stock ownership.
He argued that donating shares held by the wealthy could help reduce the wealth gap.
Balchunas highlighted the large role stocks play in the asset mix of wealthy Americans, presenting stock donations as one way to ease inequality.
JH Kim
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