4 ms·
Another solution is for the fed to stop pumping the stock market for the last 14 years like crazy and offering free money to the finance sector. Frankly blamin
by cloutchaser 4y ago
Another solution is for the fed to stop pumping the stock market for the last 14 years like crazy and offering free money to the finance sector.
Frankly blaming actual entrepreneurs and business owners for the gains in the stock market is such a misguided target it’s insane. The only reason Musk, bezos and others have gotten so insanely rich recently is because the fed had increased its balance sheet by about $8trn. That money went somewhere.
But it’s not because of “rich people”.
It’s because a bunch of bankers destroyed the financial system in 2008, got bailed out, and never got criminally charged. It’s absolutely insane and it’s fuelling this completely misplaced neo Marxism.
- ThunderSizzle 4y agoThe other part is the stock market basically became a government-enforced ponzi scheme through 401ks, 403ba, HSAs, IRAs and other tax advantaged accounts. Of course stock prices will go up as long as people are forced to use arbitrary stock funds for retirement to avoid crippling taxes.