2. Yes the stock market has recovered a lot of it's losses.
Fidelity just reported that it's 401ks are at all time highs. Our state employee pension system is also near it's highs. So yes the rich have regained most of what they lost like most people in the stock market.
Let's put it this way...if the rich weren't close to their highs then pensions wouldn't be either which would put state budgets and state workers in even more of a bind.
Celebrate the rise in the stock market. It will allow people to retire and will generate capital gains taxes.
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