Do not buy this class warfare nonsense that only the rich prosper when stocks do better. It is true the wealthy own a lot of stocks because they have more money to invest. But a recent Gallup poll found that more than half of American households own stocks directly, and millions more own stocks through their union or company pension plans. When companies do better, workers and families do better. Moreover, hiring and benefits are highly correlated with the stock market. Very few companies provide bonuses, wage increases, or job offerings when they are losing money.
One thing is certain. The line by Democratic presidential contenders such as Elizabeth Warren, Kamala Harris, and Corey Booker, who repeatedly say that only the rich are prospering under the Trump economy, is showing up false with every passing day. With wages up 3.1 percent in the latest jobs report, our country is seeing a rising tide that is lifting almost all boats.
Since Trump's elections $10 Trillion has been created in American's wealth. Not a bad thirty month result.
And yes bear markets do occur - probably a slam dunk if any of the current dem clowns manages to beat Trump in 2020.
You have grandkids?
The author of your link; isn’t he the recently withdrawn Federal Reserve nominee?
If the things Trump has done...tax reform, regulatory reform, trade deals, etc, are kept as the direction for the country in the next 30 years everyone, including the grandkids, will be better off than anyone on Main Street has been for the last 30 years.
Huh? What's that got to do with the topic? The best you can do is an ad hominem attack.You have grandkids?
The author of your link; isn’t he the recently withdrawn Federal Reserve nominee?
Added wealth to whom? THe top 1% and nobody else
Huh? What's that got to do with the topic? The best you can do is an ad hominem attack.
Huh? In what way does what Mycroft said relate to asking me if I have grandchildren or if Moore was the guy nominated for the Fed? You asked two questions to attack the credibility of the author and me.Don’t flatter yourself! Mycroft understood what I was saying......see post #3.
:3oops:
Trump has taken a massive crap in the punch bowl; one of these days his supporters will not be able to avoid the turds when dipping their cups in the bowl!
The article, if you choose to read it, or just read the quote I included. Says over 50% of American households own stocks either personally or through retirement plans.Added wealth to whom? THe top 1% and nobody else
The article, if you choose to read it, or just read the quote I included. Says over 50% of American households own stocks either personally or through retirement plans.
This is incorrect and Stephen Moore is an idiot. Just two months ago he was forced to withdraw his nomination for an appointment to the Federal Reserve Board largely over his past inflammatory writings about women.
The fact is that most Americans do not own stock. Does a couple from North Platte, Nebraska really benefit if they own 10 shares of IBM and the market goes up? It's the rich that benefit most from this rise. Obama inherited a toilet level economy at 8.000 DJIA and left it at 20,000 DJIA, despite total sabotage from the GOP. These are facts,
The stock market is doing well because most big corporations chose stock buy-backs, rather than employee compensation, to spend their 40% tax cut. So we borrowed 2 Trillion so the owners of the means of production could invest in....themselves.
The "distribution of stock ownership by wealth percentile," specifically 84 percent for the "top 10 percent," 9.3 percent for the "next 10 percent" and 6.7 percent for the "bottom 80 percent." You don’t measure economic success by the happiness of billionaires. Wealth inequality in America has never been worse: the richest 400 Americans hold wealth equal to the bottom 150 million Americans. We need to return to pre-Reagan income tax bracket levels to outlaw billionaires. No more tax cuts for corporations, billionaires and ultra-millionaires until the National Debt is ZERO.
And yes bear markets do occur - probably a slam dunk if any of the current dem clowns manages to beat Trump in 2020.
So...the rich got richer and our federal government added alot more debt.
Yay?
Since Trump's elections $10 Trillion has been created in American's wealth. Not a bad thirty month result.
And yes bear markets do occur - probably a slam dunk if any of the current dem clowns manages to beat Trump in 2020.
It's a great time to be an oil baron or a hedge fund manager.
Since Trump's elections $10 Trillion has been created in American's wealth. Not a bad thirty month result.
And yes bear markets do occur - probably a slam dunk if any of the current dem clowns manages to beat Trump in 2020.
Yeah, I can see your point; ONLY $10 trillion more wealth added to nearly half the population. Jeezy, what a big stinky turd that is. :roll:Trump has taken a massive crap in the punch bowl; one of these days his supporters will not be able to avoid the turds when dipping their cups in the bowl!
Pretty much NOT. Read the quote or the entire article; fifty percent of households have stock market exposure - that's were the $10 tril went. Yeah the people with more stocks got more, but if you have a mutual fund or a retirement account or employer/union retirement you benefited as well.Pretty much. However, if we give all of the wealth to five hyper-wealthy dudes, it will magic wealth to the rest of us.
LOL, yeah Trump created that by forcing the Dems to refuse to bargain. :roll:I'll go check my mailbox now, I've been expecting my $10,000 check to be there any day now. The Trump-created government shutdown that lasted for 35 days last February left people without money for food. Very few of those people who were out of work had $100 saved for such an emergency. I guess they hadn't received their $10,000 checks either.
If you consider 50% of families "the rich", what you say is true; otherwise just mental flatulence.So...the rich got richer and our federal government added alot more debt.
Yay?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?