Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by zaro on Wednesday March 20, 2019 @12:26PM
(#19443780)
> Where is the data to support this?
Have you checked the Oxfam reports? When you take a look at the last years, there is very clear trend. If it continues like this probably in few decades the richest one percent will own as much as the rest 99%.
Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by gryfft on Wednesday March 20, 2019 @10:37AM
(#19442654)
>The rich suffer during a recession too;
I believe we're thinking of different definitions of the word "suffer." The qualitative difference to which I refer is that for one class of people, the "suffering" is restricted to numbers on ledgers going down, and for another class of people, said suffering can literally involve ending up on the streets.
Furthermore, someone else in these very comments is claiming the ultra-wealthy can wind up on the streets as a result of market forces.
Yes, but the implication of OP is that these ultra-wealthy are crashing the system so they can then buy up everything around them. Where is the data to support this? The rich suffer during a recession too; no one is claiming they end up on the streets.