It’s almost as if, after corralling savings for retirement into stocks via liquidity pumping and then ZIRP, Yellen and ilk were now trying to destroy everyone not-rich, as part of some, idk, “great redo” or “better built back to the centrally planned future”. This won’t end well.
Stocks are worth $100
Print a lot of money, stocks are now worth $200
Tax the unrealized gain of $100
Rinse, repeat