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> Sadly, the billionaires would be untouched. Why would you conclude that? Billionaires have their money invested in the same things as your 401k, etc.
by WalterBright 5mo ago
> Sadly, the billionaires would be untouched.
Why would you conclude that? Billionaires have their money invested in the same things as your 401k, etc.
- twoodfin 5mo agoIndeed, stock market crashes are the greatest tool for reducing wealth inequality. We should want more of them, surely!
- rickydroll 5mo agoWhen you have billions, you have so much margin for loss that it would not materially affect your life; if you lose 80% of your wealth, you can still survive and continue rebuilding it. Whereas if you've got 1 mil in your 401k and you lose 80% of that, well, you're f-ed for retirement.
- WalterBright 5mo agoNobody is making you invest in the market.