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Old 12-22-2016, 08:08 PM
 
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Quote:
Originally Posted by TuborgP View Post
That isn't nor is what you wrote political it is take your pick economics or finance. Not mention of party or people by either of us.
This is what your post:
Quote:
Forget who but the expectation is that regulations will be cut back and money and time spent on compliance will ease and resources can be redirected for economic growth. The financial industry will be unshackled and banks etc can increase profit and thirdly American energy production will become unshackled and see a boom. All of this and other burdens being removed will increase shareholder value.

Also money will be allowed to be repatriated from overseas without the brunt of it being used for the purposes determined by the Executive branch. It us felt that now it can comeback and be used to increase dividends, buybacks merger acquisitions etc. All good for shareholders. It is about the investor class which includes us pensioners as our pension funds are mega investors .

Also small caps have surged as they would really benefit the most from deregulation and ACA repeal.

It us about profit which us why we invest!
The bolded passage and other things you have said is the GOP agenda and it is political and it is not good for people. and what is not good for people ultimately is not good for the economy.

The deregulation of the FDA, for instance, where new drugs will be speed tested and released quite frankly scares me. Pharma companies are not worried about the welfare of people who take their drugs with hope and get sicker. It is the profits they care about and the huge mark ups on drugs which we cannot afford to pay. It does nothing for people but lots for lobbyists, pols, and CEOs who are going to get rich. my stocks invested in pharma will go up but they can also drop once people start dying. I don't want people to die.

Happiness does not come from portfolio balance. Peace of mind maybe. Happiness comes from living a good life. the two are no connected. Connecting the two is a political message.
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Old 12-22-2016, 11:20 PM
 
Location: Los Angeles area
14,018 posts, read 17,756,785 times
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Quote:
Originally Posted by cb2008 View Post
.............

Happiness does not come from portfolio balance. Peace of mind maybe. Happiness comes from living a good life. the two are no connected. Connecting the two is a political message.
You seem to be saying that money cannot buy happiness, and I certainly agree with that, up to a point. However, the peace of mind stemming from freedom from financial worries is a component of happiness. Or to put it another way, it is a necessary but insufficient condition for happiness.

If you are physically miserable (cold, hungry) you will not be happy. But once a person has achieved a certain modest level of comfort together with the security that said level can be maintained, additional wealth may or may not bring additional happiness.

A rather extreme example is the late Michael Jackson, who had fabulous wealth but was by all indications a thoroughly miserable individual.

But money does give us options in life. I would rather have options. (I don't need fabulous options; the ones I have as a retired high school teacher are sufficient for both my peace of mind and for my happiness).
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Old 12-23-2016, 02:04 AM
 
71,769 posts, read 71,875,234 times
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money buys choices in life . that is the most important thing it buys .
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Old 12-23-2016, 07:51 AM
 
29,801 posts, read 34,894,042 times
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Quote:
Originally Posted by cb2008 View Post
This is what your post:


The bolded passage and other things you have said is the GOP agenda and it is political and it is not good for people. and what is not good for people ultimately is not good for the economy.

The deregulation of the FDA, for instance, where new drugs will be speed tested and released quite frankly scares me. Pharma companies are not worried about the welfare of people who take their drugs with hope and get sicker. It is the profits they care about and the huge mark ups on drugs which we cannot afford to pay. It does nothing for people but lots for lobbyists, pols, and CEOs who are going to get rich. my stocks invested in pharma will go up but they can also drop once people start dying. I don't want people to die.

Happiness does not come from portfolio balance. Peace of mind maybe. Happiness comes from living a good life. the two are no connected. Connecting the two is a political message.
Profits over People, have a Merry Christmas! May we all get increased share holder value for Christmas. Now that is religion and finance mixed.

In all seriousness not sure about you but the use of that portfolio balance sure as heck has allowed many to enhance their good life and maybe even save a life dear to them.
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Old 12-23-2016, 07:52 AM
 
29,801 posts, read 34,894,042 times
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^^^^^ Is he serious or just messing with? Hmmmmmm gotta wonder. At any rate Seasons Joy to all!
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Old 12-23-2016, 08:16 AM
 
29,801 posts, read 34,894,042 times
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Quote:
Originally Posted by mathjak107 View Post
money buys choices in life . that is the most important thing it buys .
What I find incredible about the debate on wealth is the following question and do people even think about it before the respond:

How many know someone who loss a legal dispute because the other side had more money for both the quality of legal advice and amount of time they could afford for that counsel?
How many divorces were won by the side with more money? How many custody disputes?

What about a friend or relative charged with a crime? Bail? Trial? Are the poor more likely to go to jail or the affluent for the same offense?

What about disputes between neighbors where the mean folks next door take you to court over something. The list goes on regarding everyday real world realities where money decided who won.

I think when you have it you are more aware of the advantages of having had it. It also makes many things cheaper in life when it comes to quoted rates etc etc.
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Old 12-23-2016, 08:23 AM
 
71,769 posts, read 71,875,234 times
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here in nyc medicaid can put you in a bed up to 100 miles away from your wife and kids if that is where the beds are open .

i learned about choices in life very early on when a friend got in to legal trouble and was going to plead guilty to something he did not do because he was over the limit for legal aid but could not afford a lawyer . imagine pleading guilty to a crime you did not do because you lacked a choice .

taking a plea was safer than risking a trial without an attorney .

finally a relative mortgaged their house and he was able to pay an attorney. he was found not guilty .
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Old 12-23-2016, 08:40 AM
 
29,801 posts, read 34,894,042 times
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Quote:
Originally Posted by mathjak107 View Post
here in nyc medicaid can put you in a bed up to 100 miles away from your wife and kids if that is where the beds are open .

i learned about choices in life very early on when a friend got in to legal trouble and was going to plead guilty to something he did not do because he was over the limit for legal aid but could not afford a lawyer . imagine pleading guilty to a crime you did not do because you lacked a choice .

taking a plea was safer than risking a trial without an attorney .

finally a relative mortgaged their house and he was able to pay an attorney. he was found not guilty .
It would have even nicer if the relative hadn't needed to mortgage the house and just had the liquidity to pay.
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Old 12-23-2016, 11:59 AM
 
3,145 posts, read 1,733,500 times
Reputation: 3519
Quote:
Originally Posted by Escort Rider View Post
You seem to be saying that money cannot buy happiness, and I certainly agree with that, up to a point. However, the peace of mind stemming from freedom from financial worries is a component of happiness. Or to put it another way, it is a necessary but insufficient condition for happiness.

If you are physically miserable (cold, hungry) you will not be happy. But once a person has achieved a certain modest level of comfort together with the security that said level can be maintained, additional wealth may or may not bring additional happiness.

A rather extreme example is the late Michael Jackson, who had fabulous wealth but was by all indications a thoroughly miserable individual.

But money does give us options in life. I would rather have options. (I don't need fabulous options; the ones I have as a retired high school teacher are sufficient for both my peace of mind and for my happiness).
I don't know what is meant by Options. We have no options regarding death and natural disasters.

There has been a lot of articles that state after a 75K income your happiness level does not rise much. In any case chasing happiness with money does not mean you always catch it because happiness lies in leading a good life - an ethical life of kindness and empathy.

Rise in portfolio balance at the cost of income inequality, loss of livelihoods, student and medical debts that cannot be met, hunger in America, are not something we can celebrate.
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Old 12-23-2016, 12:36 PM
 
71,769 posts, read 71,875,234 times
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options as in having to move away from family and grand kids like our parents did because they had no choice to live in anything but a low cost area .

options in medical treatment and facility's .

options like my neighbors mom did not have when she need a a medicaid bed and there was an opening 50 miles away .

options when legal matters crop up .

options like having a great set of dental implants instead of a lower denture that was a misery to live with .

there are choices everywhere in life and many take money
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