That take feels kinda... Detached from the average person to me? I don't know how to take it, just like when you hear gates saying a banana cost 10$. Common Joe would benefit much more from taxes being actually paid than profits being accumulated by companies just so they can crush the competition more and earn more and (...)
I've never seen a real video, it may as well be a common saying after being on the internet for a so long time. However, there is a video of gates trying to guess grocery prices on the internet, and he's not that bad. I think at this point it's just an internet meme that exist to reference billionaires being disconnected from reality
But that has nothing to do with Bill Gates or any other person named Gates. (You might be aware that Bill Gates isn't a woman.) It's a joke on a comedy show. It's not something anyone has ever said.
And presumably some of the 66% are either children/students who have never had a job but will have a 401k or similar when they get one, or retirees who cashed out their 401k and bought an annuity (perhaps not the absolute smartest thing to do, but something a decent number of people do).
But ordinary people can buy stock, and should buy index funds at least.
There are plenty of reasons why they do not, but in almost all cases they are not good reasons. There are some extreme exceptions, but then you're outside of "ordinary".
