> Also, the stock market becoming cheaper actually reduces inequality since it allows new savers to get in at a lower price. And the same thing for housing. It

> Also, the stock market becoming cheaper actually reduces inequality since it allows new savers to get in at a lower price. And the same thing for housing. It increases inequality: people lose their jobs, people can't pay their rents, people can't pay their mortgages. Most people can't put money in stocks and work paycheck to paycheck. Those people are going to get hit the hardest. When the stock market is doing the best ever, these people aren't benefiting, but when the stock market crashes, these people have the most to lose. It's exactly why our economy shouldn't be tied to the whims of the stock market.