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.
[1] https://www.cbpp.org/research/poverty-and-inequality/a-guide...
[2] https://taxfoundation.org/summary-latest-federal-income-tax-...