Why is the stock market rallying when the economy is so bad?

Re:Why is the stock market rallying when the economy is so bad? by celticninja on Monday May 11, 2020 @04:43AM (#23140093)

>The rich pay disproportionately a lot more.

And so they should.

the top 50% has a lower band of $41k annual income in the US. they are not rich, in many places they would struggle to support a family on that.

>The top 1 percent of American earners pay almost 40 percent of all federal income taxes. That’s more than the bottom 90 percent pay combined

that fact should not be celebrated as how generous the top 1% are but rather how unequal the system is that this can be the case.

[ Parent | on HN ]

Re:Why is the stock market rallying when the economy is so bad? by malandrew on Monday May 11, 2020 @01:41PM (#23144777)

I'm not arguing that they should or should not. I'm just pointing out that the people that are vilified are contributing a LOT more to keeping this ship we call a country afloat.

[ Parent | on HN ]