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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.