2.3 trillion dollars of wealth evaporated off Wall St. should the poor and working-class be rejoicing big time?
Many always talk about those who have stock portfolios have the edge or the deck stacked in their favor because they have the wealth to make the best use of the stock market. It seems the stock market bit a lot of them right in the rump. Shouldn’t the poor and working-class be dancing in the street that many Wall St. fat cats seen a huge chunk of fortune vanish like a drop of water on the hood of a black 1968 Comaro SS at high noon on a hot summer day? Should they be glad the dog had its day with the idle rich? If not, why should they not take pleasure in the rich being taken down a peg?