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Far worse than that. Significant shareholders, not someone's paltry 401k, but people who hoard millions upon millions+ are the only people the owner class considers to be people at all.

We aren't people to our owners, we are livestock meant to be exploited for all the value we can produce, and then tossed away like the useless garbage we are to them despite being the ones that generate their wealth. Remembering or honoring that fact would interfere with their self-delusions of being "self-made." We aren't human to them, which makes it easier to do what they do to us.

Thats why they go to such extraordinary lengths to segregate themselves from us. They send their children to private schools for rich kids who teach them they will be the future leaders of the world and the most altruistic thing they can do is increase their own net worth, while never exposing them to social interaction with peasant children, to ensure they don't develop empathy with us or humanize us peasants, which would have to happen at a young age while worldviews are forming. A handful overcome this, but almost all of them embrace it. Most of the wealth class actively creates walls to avoid interacting with the cattle.

It doesn't feel nearly as cruel if you perceive those being paid almost nothing in sweatshops to manufacture the crap you make for private profit to be mindless beasts.

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html