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Re:Why is the stock market rallying when the economy is so bad? by kalleboo on Sunday May 10, 2020 @07:54PM (#23137438)
It should be in proportion to how many % of the wealth they own. So more like 90%
Re:Why is the stock market rallying when the economy is so bad? by glennvtx on Sunday May 10, 2020 @09:45PM (#23138109)
They will simply leave, or destroy the system.
Re:Why is the stock market rallying when the economy is so bad? by tsimionescu on Monday May 11, 2020 @12:49AM (#23139007)
How do you imagine this would work? Would no one in America found companies anymore? Would the government sit by and allow the to leave? How would companies like health insurance leave?

Imagining that the richest can hold a country like the US hostage is preposterous.

Re:Why is the stock market rallying when the economy is so bad? by mcv on Monday May 11, 2020 @04:19AM (#23139970)
They're welcome to leave. Society doesn't need rich people.

Destroying the system would do more damage, but so far it's been their system that enables their accumulation of wealth. There are a lot of poor people who want to destroy that system.

Re:Why is the stock market rallying when the economy is so bad? by thatcat on Monday May 11, 2020 @02:57AM (#23139550)
No, they would try to make a bunch of shell corps and have only 1% in each corp. Distributing the wealth (to other entities that they control less directly). It would essentially just destroy brand recognition for large companies.
Re:Why is the stock market rallying when the economy is so bad? by eanzenberg on Sunday May 10, 2020 @08:44PM (#23137751)
The 1% earn 36% of the income[1] as of 2016, and pay 37% of the taxes[2]. Everyone happy now?

[1] https://www.cbpp.org/research/poverty-and-inequality/a-guide...

[2] https://taxfoundation.org/summary-latest-federal-income-tax-...

Re:Why is the stock market rallying when the economy is so bad? by macintux on Sunday May 10, 2020 @09:23PM (#23137980)
Income != wealth
Re:Why is the stock market rallying when the economy is so bad? by pmiller2 on Sunday May 10, 2020 @10:45PM (#23138421)
Indeed, many billionaire and multimillionaire CEOs famously take a salary of $1. Bezos takes a salary of around $80k, IIRC. And, I'm not even sure if Bill Gates is taking a salary at all these days.
Re:Why is the stock market rallying when the economy is so bad? by eanzenberg on Sunday May 10, 2020 @10:51PM (#23138458)
Income is taxed.
Re:Why is the stock market rallying when the economy is so bad? by tfehring on Sunday May 10, 2020 @11:34PM (#23138665)
But the top 1% own much more than 37% of the wealth (and accordingly receive much more than 37% of the financial benefits of government spending) while only paying 37% of the taxes (which fund that government spending).
Re:Why is the stock market rallying when the economy is so bad? by Anon1096 on Monday May 11, 2020 @01:14AM (#23139105)
> and accordingly receive much more than 37% of the financial benefits of government spending

what?

Re:Why is the stock market rallying when the economy is so bad? by kalleboo on Monday May 11, 2020 @02:17AM (#23139360)
They wouldn't have all that wealth if it wasn't for infrastructure, an educated population, a stable political situation, continual bailouts, and the world's largest war machine.
Re:Why is the stock market rallying when the economy is so bad? by pjmorris on Monday May 11, 2020 @07:21AM (#23140938)
e.g. aircraft carriers
Re:Why is the stock market rallying when the economy is so bad? by UncleMeat on Monday May 11, 2020 @12:16AM (#23138854)
The wealthy produce more income via capital gains, which are taxed at lower rates. They also have greater access to tax deferred and tax free options. A married couple of high earners with a good retirement plan at work can put nearly 150,000 annually in accounts that grow tax free.