General Category > Economy/Business

U.S. wealth grew by $19 trillion during the pandemic — but mostly for the very rich

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Hoodat:

--- Quote from: Cyber Liberty on July 28, 2021, 10:20:49 pm ---The best solution woul be to kill the Rich, confiscate their estates, and pull out their gold fillings before cremating them in the camps.

--- End quote ---

Shhhhhh, don't give them any ideas.

IsailedawayfromFR:

--- Quote from: catfish1957 on July 28, 2021, 05:09:10 pm ---This huge increase is a mirage.  No one believes that the markets are sustainable at their current levels.

--- End quote ---
Neither is currency when it devaluates.

Both are wealth only on paper which means they can be brought down by inflation and/or government dictate.

One dictate is to increase taxes as so much your 'wealth' is in untaxed 401ks and IRAs and so it increasingly becomes less valuable to the owner.

DB:
Those assets increased only because the value of the dollar decreased.

What a crap fest.

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