Yes, such folks serve a necessary function in our economy -- indispensable, even. But still...
Stock markets are bad indicators of the overall health of an economy. Essentially they are at their highest when two things occur in tandem: Growing corporate revenues and growing corporate margins. The first of these does indicate health; the later, not so much. The two times when the percentage of corporate revenue that went to the bottom line (profits) were the highest? 1929...and 2007.
...and another thing: When the usual suspects complain about how much of the tax bill the top 1% shoulders, why is it that they don't complain about the amount of the overall stuff they have?
