> Moreover stock prices incorporate a variety of factors that are irrelevant to wealth distribution. This handwaves away the most important fact w.r.t. stocks

> Moreover stock prices incorporate a variety of factors that are irrelevant to wealth distribution. This handwaves away the most important fact w.r.t. stocks and wealth distribution, which is that wealthy people own stocks and poor people don't. A whopping 38% of Americans don't own any stock.