Re: Stock market, bubbles, US economy, distribution of wealth...Americans=no savings
Right, car loans. That explains everything. 
I'll be sure to tell all the poor people I see, "just buy assets, not liabilities." I'm sure that'll solve their problem of having no money to begin with, and of wages stagnating behind inflation. I'm sure it'll reverse the course the American economy has been on since the 70s.
And also people forget about entrepreneurship, all they taught was how to be a slave/labor/employee forever which makes the issue in the wealth distribution.If people start their own business they can make something more when we compare it with their salary but most people afraid to begin with so they stuck there.I'll be sure to tell all the poor people I see, "just buy assets, not liabilities." I'm sure that'll solve their problem of having no money to begin with, and of wages stagnating behind inflation. I'm sure it'll reverse the course the American economy has been on since the 70s.
There are ~30 million small businesses in the US, employing ~60 million employees or roughly 1/2 the entire workforce. https://www.sba.gov/sites/default/files/advocacy/United_States.pdf
That means on average, each self-employed business owner employs one other worker. And that applies to half the labor force. That doesn't seem like a shortage of entrepreneurship at all.
I don't understand this attitude that "everyone should start their own business" either. Most startups fail. There is nothing fundamentally wrong with getting a job. Most business models require workers to succeed.
Your advice might have been useful in the 1950s but this "pull yourself up by the bootstraps" stuff isn't very convincing in the face of the economic realities of 2020.