The Rising Influence of Rising Affluence

[10nisman]

LOL! As if all CVX shareholders are “wealthy” just because they own some shares.

We all know this is a stupid comment, however, the wealthiest 10% of American families own 90+% of all U.S. equities, so by that fact the "non-wealthy" own an insignificant amount of shares.

Given the media blames the Biden administration for inflation and higher oil prices (which is utter non-sense), it's not surprising the Administration has pushed back on CVX and other energy companies for not investing more capital in increasing supply. Inflation negatively impacts the poorest the most and the Administration should be focused on trying to help them, otherwise, it turns into much worse problems for all of us.