Inequality on Wall St. and Main St.
The stock market is at or near all time highs and so is unemployment. The contrast between Wall St. and Main St. has never be so stark.
I have seen this story before a company announces a lay off and its stock rises.
The people’s pain is the company’s gain. Disasters always line some rich person’s pocket with more money.
It is hard to blame the Fed because they can’t give money to anything but institutions which is just another way of saying rich people. But blame I will because they should be smart enough to put the money were it trickles down fastest but they are putting the money were it barely moves. We can blame Congress and the President. Ending payroll taxes would be so easy, just a stroke of a pen. It would not cluster the system like the unemployment/ stimulus checks did. Those systems are going to become insolvent anyway so just reform them and make the benefit come from the general fund instead of trust funds. Stop taxing working class and lower middle class labor this way.
The class divide has never been more obvious than it is today with a sky high stock market and the richest seeing their wealth rise so fast when so many people are out of work and those that work do so at an elevated risk with no safety net.
I really don’t have a problem with the rich getting richer as long as the poor are getting richer too. I think some of the rich need to be hit with a windfall profit tax on all the gains they have made during this dreadful year.