[WalterBright]

> Sadly, the billionaires would be untouched.

Why would you conclude that? Billionaires have their money invested in the same things as your 401k, etc.

[rickydroll]

When you have billions, you have so much margin for loss that it would not materially affect your life; if you lose 80% of your wealth, you can still survive and continue rebuilding it. Whereas if you've got 1 mil in your 401k and you lose 80% of that, well, you're f-ed for retirement.

[WalterBright]

Nobody is making you invest in the market.

[twoodfin]

Indeed, stock market crashes are the greatest tool for reducing wealth inequality. We should want more of them, surely!