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Comment by tamimio | Hacker News Reader

I don't know what's the end game here, you read news like this, another that thousands of government workers aren't paid, at this rate everyone will be homeless in a few months. In another news, you read someone like Musk hit a net worth of half a trillion dollars, if the economy is bad and people are losing jobs, why are others getting richer?

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You mean you don't see how both things can be true ( or have a kernel of truth at least, don't know about mass homelessness) and related?

The adage "The time to buy is when there's blood in the streets" advises a contrarian investment strategy of acquiring property or other assets during periods of extreme economic or market turmoil. The saying is attributed to 19th-century British banker Baron Rothschild, who is said to have profited significantly by purchasing assets during the panic that followed the Battle of Waterloo.

The phrase "the rich get richer and the poor get poorer" was coined for a reason.

Because it is becoming more like a zero sum game?

When you consider the free market an unimpeachable ideal, being able to manipulate the system to hoard resources is a feature, not a bug.

Let's stop calling it a free market if manipulation is the name of the game, then.

Free Market™

There we go.

Because increasingly the top percentages are doing most spending and compensate for those who lose their jobs.

If this is a genuine question, my only answer would be "It's because this is poorly run capitalism" (aka "crony capitalism")

This makes as much sense as the notion of "crony communism," which is to say, it doesn't. Ignoring the harmful side effects of an economic system makes one an ideologue.

Based on policy over the last decade, it seems America would rather have every rich person own an electric vehicle than every poor person eat dinner.

We really should do more tax credit for solar panels and EV credits, I know a doctor that has really struggled to buy his 3rd AirBnB rental.

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