My 401k is invested in that same stock market, along with the retirement accounts of every other person in the United States. I hope the market continues to rise, especially since my parents will be retiring soon.
Why does this stand in conflict with acknowledging the fact that massive gains for stock prices (or property for that matter) caused by things like QE and alike, have massive social consequences since the ones that were already wealthy profit a lot more than the average Joes's 401k?
You can be a happy investor and still think about the dangers of rising inequality fueled by the market, no?
It doesn't. The wording of the post I replied to was an angry, black and white response condemning a rising stock market since it benefits the wealthy. My point was the stock market affects everyone, not just the super rich.
I wouldn't wish for the stock market to crash so some rich guy suffers. The rich will stay rich, it's the middle and low class who would suffer the most. If the market falls 75% tomorrow, Bezos will be fine, my parents will not.
fahrradflucht|6 years ago
You can be a happy investor and still think about the dangers of rising inequality fueled by the market, no?
ducttape12|6 years ago
I wouldn't wish for the stock market to crash so some rich guy suffers. The rich will stay rich, it's the middle and low class who would suffer the most. If the market falls 75% tomorrow, Bezos will be fine, my parents will not.
unknown|6 years ago
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