>investing with and growing with the American economy as a whole.
A very important nuance (not disagreeing with you, just sharing my pet thing), is that the stock market outgrows GDP because you aren't investing in the economy as a whole. You are investing in the good parts of the economy that people are excited about (i.e. When you invest in Amazon, you assume that they will continue to take share from mom and pop retailers, even in a flat-GDP scenario). You are also generally assuming that US-HQ companies will gain share globally, not just in the US.
That's why the Internet has been so positively impactful to the S&P 500 - it has really accelerated share shift to large companies (even if it hasn't accelerated GDP) and it has increased the global share of US-based companies.
on the downside, those billionaires are leveraging that value to make your overall tax burden higher and quality of life lower along with ignorant externalities which will wipe it all out if you have any number of health issues or hurricanes.
so, you know, might need to longer term forecast here.
That wasn’t the billionaires. That was straight out of the conservatives playbook.
Trump didn’t get bankrolled by billionaires. Trump won because both parties and the media ignored the needs of mostly the White working class and “evangelical conservatives” always vote Republicans.
A very important nuance (not disagreeing with you, just sharing my pet thing), is that the stock market outgrows GDP because you aren't investing in the economy as a whole. You are investing in the good parts of the economy that people are excited about (i.e. When you invest in Amazon, you assume that they will continue to take share from mom and pop retailers, even in a flat-GDP scenario). You are also generally assuming that US-HQ companies will gain share globally, not just in the US.
That's why the Internet has been so positively impactful to the S&P 500 - it has really accelerated share shift to large companies (even if it hasn't accelerated GDP) and it has increased the global share of US-based companies.