Saturday, January 05, 2019

Inequality

When the stock market soars, you will see articles and statistics about how all the increase in wealth is going to the rich. But you never see the corresponding article when the stock market falls. Why not?

And if one is concerned with wealth inequality, isn't the most efficient solution just a 50% decline in stocks which will impact the rich in a huge way and the rest of people in a much lesser way? And poor people not at all.

Just saying.

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