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>the top 10 percent now own more than 88 percent of corporate equity and mutual fund shares, meaning they benefit most from the booming markets

I was under the impression everyone had a 401k.

The median American with a 401k has $22,217 in it.
Proving that democracy works. 200 years ago, and in many countries still today, it was 1 person who owned 50% of “lands and titles”. Check out the Queen of England today. She owns... a ton. And she doesn’t do a thing. You may not like Jeff Bezos or Bill Gates but they worked for it and still create things that benefit people.