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Yes, compounding interests in the people in power to keep propping up the markets.
by zipiridu 5y ago
Yes, compounding interests in the people in power to keep propping up the markets.
- littlestymaar 5y agoI mean the enormous tax cuts on the wealthy since the Reagan era, tax savings which end up invested and paying dividends later on. Focusing on the Fed's policy is a mistake (and actually the one reason why the Fed had to inject so much money to get a stimulus comes from the fact that the richest people control much more wealth than they should/used to, and this is caused by the enormous fiscal gifts the wealthy have been given in the past 40 years).