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"Up until this point in history, the stock market has never been negative over the course of a ten-year timespan" that's true if you ignore inflation. In real
by readthenotes1 6y ago
"Up until this point in history, the stock market has never been negative over the course of a ten-year timespan"
that's true if you ignore inflation.
In real dollar terms, accounting for inflation, you have to wait nearly 20 years--but only 4 times in the last 140 years.
https://www.multpl.com/inflation-adjusted-s-p-500 https://www.multpl.com/inflation-adjusted-s-p-500
- SamBam 6y agoThe New York Times article I posted calculates the math differently. For instance, the Great Depression was a deflationary period, not inflationary. In any case, my point still stands. Whether we're talking 10, 15 or 20 years, the wealthy hold on to their wealth. And if we ever enter a long-term recession, wealth taxes could be reversed as easily as they were enacted. But why would we? The Great Depression hit the poor much harder than it did the Rockefellers.