> What about stock market gains for 2019? Can you show a causal relationship? Or would the null-legislation result in the same (or greater) gains? > nearly e

> What about stock market gains for 2019? Can you show a causal relationship? Or would the null-legislation result in the same (or greater) gains? > nearly everybody has money in the market and beneifts from gains. I think this is very much untrue. It is very likely that the bottom ~30% income in the US have no spare earnings to contribute to retirement savings via equities or any other method -- either that or they have no access to an employer-sponsored tax advantaged retirement account like 401k/403b.