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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDid Chris van Hollen just say that 48% of stock owned by foreign investors? So $ goes abroad?
On Laurence ODonnell. So middle class loses out big time, and wealthy investors abroad get the benefit?
elleng
(130,126 posts)I don't recall the numbers.
chillfactor
(7,566 posts)all money coming from the poor and middle class to fund foreign investors.
greyl
(22,990 posts)If the plan passes through the Senate this month, foreigners will see more money than all middle-income households in the United States combined. Thats because foreign investors now own more than $6.5 trillion worth of U.S. equity and investment fund shares, and about 35 percent of all U.S. corporate stock, according to data from the Tax Policy Center. The GOP plan will lower corporate tax rates to 20 percent, benefiting foreign investors at the cost of at least $52 billion each year, or $520 billion over the next decade.
This is a direct transfer of wealth from the American middle class to foreign investors, Senator Chris Van Hollen, the Democrat from Maryland, told Newsweek. Its totally backwards. This provides a huge tax windfall to wealthy foreign stockholders, paid for by middle class American households.
http://www.newsweek.com/gop-tax-plan-foreign-investors-middle-class-americans-726410
GreenEyedLefty
(2,073 posts)Economists estimate 2/3 of US $100 bills are held outside of the US.
PoindexterOglethorpe
(25,746 posts)PoindexterOglethorpe
(25,746 posts)There's an urban myth out there that China holds most of U.S. debt, when in reality although they are the largest foreign entity to hold U.S. debt, they still own less than 10% of it.
Just based on that I find it highly improbably that 48% of all stock is owned by foreign investors.
Just based on the existence of 401k plans I can doubt that statistic.
Yavin4
(35,354 posts)Like Saudi Arabia. So, it may not be that far fetched.
PoindexterOglethorpe
(25,746 posts)But that number really feels like the claim that China owns most of U.S. debt, which simply isn't true.
In fact, doing a bit of online research shows that foreigners don't own anywhere near that much.
Just type into the Google: How much U.S. stock is foreign owned. And see for yourself.
Wellstone ruled
(34,661 posts)Fungible as anything can get. Most of the US debt is held is held via bonds issued to the Social Security Administration. Out standing Debt is held by Japan and Britain with China falling further behind. Believe the Saudi's hold more debt than China.
Banks and Hedge Funds are the largest holders of Stock. And yes,this is a world Economy and if one Doubts,pick any Major Stock and go to their Share Holder Pages and you will be surprised who owns that Stock.
uponit7771
(90,225 posts)... big money.
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