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This is a perfect example of the sort of article that would not have made the cut in the New York Times' newspaper of record days (which I'm old enough to remember), but does today.https://twitter.com/AlecStapp/status/1331684712792854529 …
(The class warfare stuff is the least of the problems with this article. Click all the way to the third image and you'll see what the real problem is.)
quite sad
See the graph, you will understand. Taking the day of the market crash as your reference point to make up a story about inequality is class warfare, a disingenuous one at that. The market bounced back to levels before the pandemic, that's not a 33% increase in wealth.
Let's do a point to point return story of our choice and blame it on billionaires.
What timeframe would be better? It’s still a record.
Uhhh the stock market did hit a record, at least one of them did. Additionally, it’s obvious that 1) stock market != economy, 2) gains from the stock market are not evenly distributed:https://www.theguardian.com/business/2020/nov/24/dow-jones-hits-record-high …
Or is the problem that he picked March as the starting point to discuss amassed new wealth? This also is not objectively “wrong.” The recovery is not evenly distributed, and it makes sense to understand that through the lens of, well, the recovery.
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