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Why should the poor give a damn about the stock market, though? Every time a bubble pops, they're the one's left holding the tab. How many of those 401ks and
by BeenThere888 9y ago
Why should the poor give a damn about the stock market, though?
Every time a bubble pops, they're the one's left holding the tab.
How many of those 401ks and IRAs were wiped out and the "owner" left with nothing after Madoff, housing bubble, etc.
IMO, it's a fools errand as a figurative little person on the totem pole to babysit the wealth of the rich who leave them dangling in front of the fan that just had shit splatter all over it.
- alasdair_ 9y ago>How many of those 401ks and IRAs were wiped out and the "owner" left with nothing after Madoff, housing bubble, etc. I assume almost none of them. People with most of their wealth in a 401k probably didn't have a lot of money in Madoff's hedge fund and the housing bubble also likely didn't wipe out retirement funds for the people that just left their retirement alone.
- holdthetab 9y agowhy would the people who have no money to give be the ones held to account? if your political views can't pass a simple sniff test like that, what hope do you have of enacting them?