First of all, what's good for the S&P is good for anybody that owns it and anybody that can save enough to buy one share of spy can start participating in the benefit of tax loopholes the companies they own enjoy. That's the good thing about a capitalist economy, anybody regardless of race, religion or any other reason that is being presented as a barrier, can buy a piece of the action and share exactly equally with the richest owners. The problem arises when what's good for the S&P is not good for America. And it's still all good, but the loop holes and regulations S&P enjoys are not always available to the rest of the small businesses and the S&P and government are usually in cahoots to make sure that no competition steps on their turf. It's not the rate small business complains about. They are just happy they made money to be taxed on. It's the constant bickering with the IRS to get the best rate that the large corp enjoys. Either way, taxes and government are the problem. Get rid of them and everybody would be back on the level playing field again. It will take a lot of work to progress in the dismantling of all the damage the socialists have done world wide. But they are not gaining any ground since their failed ideals are just now being experienced in a serious way by what they call "the middle class." So it's good to see so many new faces joining the fight against the democrats and all they represent. Don't be discouraged. We will be great again.
Without taxes and without governments we would be back to the cave ages, where one who covets someone else's property hits him with a fist in the head and kills him. We would live without moral and ethical values and there would be no law and order. I respect your view but I am glad you represent only a tiny small minority. I want government, I want a big government, a mighty government that forces everyone to pay their fair taxes, that throws evildoers into prison regardless of pedigree or background or size of wallet. A governments that offers universal health care for everyone, a government which makes life for the lazy miserable. A government that offers free education for everyone. A government that stays the fuxx out of any and every foreign country and minimizes or completely abolished its defense budget because there is nobody who would want to attack a peaceful nation that does not send its secret services around the world to subvert foreign governments. That's the government I want.
Getting rid of government would imply getting rid of all laws and regulations, wouldn't you agree? Likewise, getting rid of taxes would imply getting rid of police, emergency services and armed forces?
Well, everyone should just have their own ambulance, fire department, police and army. Those lazy bums who can't work their way up to that little, belong in the gutter.
To that "little"? Maybe its exactly this attitude and disrespect to those that put their lives on the lines and/or serve knowing it pays very little that messes up our societies. Why is a policeman in any way less than Donald Trump or Hillary Clinton? Maybe it is a society that worships money and wealth more than anything else that prevents the "little" to rise to the top and do his/her best for a prolonged period of time. Food for thought perhaps? Or did I completely misunderstand your post and you were just being cynical?
While you might be sarcastic here, I think some people (particularly ones who were born into privilege and never experienced adversity) actually believe that. Those beliefs are the stuff that revolutions are made of.
The spx rallying is good for America and the American economy. But there are other things which would be better. Infrastructure investment, and tax cuts for the middle class have shown to have very high multiplier effects
Why is spx good for the American economy? Why does it benefit anyone other than only the investors in those companies?
Everyone feels wealthier and this spend more money. The effect isn't as strong as with strong home prices or strong employment prospects.
How does the feeling of wealth translate into any additional dollar in one's pockets or increased purchasing power?