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Old 12-26-2017, 09:57 PM
 
18,744 posts, read 8,364,710 times
Reputation: 4118

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Quote:
Originally Posted by emcee squared View Post
Gives to the private sector or contributes to the debt?
Same thing. Unless some of that deficit money goes to a foreign entity.
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Old 12-26-2017, 10:01 PM
 
18,744 posts, read 8,364,710 times
Reputation: 4118
Quote:
Originally Posted by BajanYankee View Post
If consumption dropped to zero, yes, but that would never happen. It is well-established in the literature that increased savings leads to increased investment. When you put money into a 401K or a mutual fund, it's not just sitting there waiting for you to withdraw it. The money goes to work in the greater global economy.
It's mostly just sitting there. Most people investing in stocks is essentially glorified savings.

https://www.pragcap.com/the-biggest-...-you-get-rich/

Despite what Cullen says, I got rich by saving money mainly through stock ownership.
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Old 12-27-2017, 12:33 AM
 
Location: New Orleans, La. USA
6,354 posts, read 3,636,100 times
Reputation: 2522
Quote:
Originally Posted by WaldoKitty View Post
WoW.

1 year of Trump and Americans are very very happy with direction of country.

Contrast that the first Christmas after Obama - disaster.

TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Expert: Spending Pace Not Seen Since Great Recession


(meanwhile, Democrat message -> Americans are worse off)
As a democrat I can not deny the "Trump Effect."

The day after Trump was elected the stock market began to climb (because of confidence in Trumps pro-business policies.)
Dow Jones - 10 Year Daily Chart | MacroTrends

And I won't deny that anticipation of the Trump tax cuts gave many consumers the confidence to spend more money for the holidays.

But is a higher stock market and a slight increase in consumer spending worth the other effects that will be caused by Trumps policies?


The Trump tax cuts will raise middle class Americans income by 1.5% and raise the richest 0.1% of Americans income by 14.2%.
https://www.forbes.com/sites/janetno.../#551fff3565b9

The Trump tax cuts will cause cuts to Social Security and Medicare.
Republicans Will Cut Social Security and Medicare After Tax Plan Passes, Says Marco Rubio

They will cut over $1 trillion dollars in government assistance to needy Americans.
Trump budget cuts spending by $3.6 trillion over 10 years, with deep cuts to safety net - Chicago Tribune

They will reduce veterans benefits.
https://www.americanprogress.org/iss...ying-veterans/
https://www.rawstory.com/2017/12/tru...-care-of-them/
https://www.military.com/daily-news/...bled-vets.html

They will encourage companies to replace workers with robots.
Trump Tax Plan Gives Jobs Away to Robots and Will Increase Unemployment[/quote]

And they will add over $2 trillion dollars to our national debt.
Trump and GOP Tax Cut Could Cost Your Kids $2.2 Trillion | Time


Is it worth cutting Social Security and Medicare, cutting $1 trillion dollars in assistance for needy Americans, cutting veterans benefits, replacing workers with robots and adding over $2 trillion dollars to our national debt to raise middle class American income by 1.5%?
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Old 12-27-2017, 06:59 AM
 
Location: City Data Land
17,156 posts, read 12,878,151 times
Reputation: 33164
Quote:
Originally Posted by WaldoKitty View Post
WoW.

1 year of Trump and Americans are very very happy with direction of country.

Contrast that the first Christmas after Obama - disaster.
[/url]

(meanwhile, Democrat message -> Americans are worse off)
Thread fail. This is not a Trump effect. This is the effect of Christmas/other gift giving holidays, which come at the same time every year. And BTW, the terrible economy Obama inherited was courtesy of the Republicans who came before him. You do know what history is, don't you Waldo? Apparently not.
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Old 12-27-2017, 07:13 AM
 
Location: Crooklyn, New York
31,937 posts, read 34,448,248 times
Reputation: 15007
Quote:
Originally Posted by Hoonose View Post
It's mostly just sitting there. Most people investing in stocks is essentially glorified savings.

https://www.pragcap.com/the-biggest-...-you-get-rich/

Despite what Cullen says, I got rich by saving money mainly through stock ownership.
It's not "mostly just sitting there." And your article doesn't even support that assertion.
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Old 12-27-2017, 07:13 AM
 
52,433 posts, read 26,421,157 times
Reputation: 21092
Quote:
Originally Posted by Scooby Snacks View Post
Thread fail. This is not a Trump effect. This is the effect of Christmas/other gift giving holidays, which come at the same time every year. And BTW, the terrible economy Obama inherited was courtesy of the Republicans who came before him. You do know what history is, don't you Waldo? Apparently not.
No Thread Fail.

You simply don't like it. Big difference.
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Old 12-27-2017, 07:59 AM
 
18,744 posts, read 8,364,710 times
Reputation: 4118
Quote:
Originally Posted by BajanYankee View Post
It's not "mostly just sitting there." And your article doesn't even support that assertion.
I've become rich saving - you can call it investing in the stock market for the last 40 years. I've done next to nothing active, aside from picking and selling some stocks along the way. Personally and by hiring specialists. That money I used came in buying and selling stocks came and went to other saver/investors. By and large it was not money used to create or expand any business. Nor hire any worker. I am not a venture capitalist, but a minimal amount of my money did go to some start ups along the way. I am not active in managing any of my stock holdings, and I just toss out any circulars sent to me related to voting for management.

I've helped the stock markets systems inflate, and anyone including myself has gained from that. And if cashed out that money can be used to consume, or whatever. But this is not much different than having a bank savings account, but of course with higher than today's interest rate return. The main reason I have saved in stocks and not in USD.
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Old 12-27-2017, 08:04 AM
 
Location: Gone
25,231 posts, read 16,866,941 times
Reputation: 5932
Quote:
Originally Posted by emcee squared View Post
Gives to the private sector or contributes to the debt?
Gives back temporarily and contributes to debt for decades. Think long term or pay the price.
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Old 12-27-2017, 08:05 AM
 
Location: Crooklyn, New York
31,937 posts, read 34,448,248 times
Reputation: 15007
Quote:
Originally Posted by Hoonose View Post
I've become rich saving - you can call it investing in the stock market for the last 40 years. I've done next to nothing active, aside from picking and selling some stocks along the way. Personally and by hiring specialists. That money I used came in buying and selling stocks came and went to other saver/investors. By and large it was not money used to create or expand any business. Nor hire any worker. I am not a venture capitalist, but a minimal amount of my money did go to some start ups along the way. I am not active in managing any of my stock holdings, and I just toss out any circulars sent to me related to voting for management.

I've helped the stock markets systems inflate, and anyone including myself has gained from that. And if cashed out that money can be used to consume, or whatever. But this is not much different than having a bank savings account, but of course with higher than today's interest rate return. The main reason I have saved in stocks and not in USD.
What does this have to do with your assertion that the money invested in 401Ks and mutual funds just sits there? The above response is a derailed train wreck.

And why is it that posters on C-D answer basic questions with stories about their financial success that have nothing to do with the issue at hand? There are about 200 self-proclaimed millionaires in the POC forum. Delusions of grandeur, methinks.
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Old 12-27-2017, 08:29 AM
 
18,744 posts, read 8,364,710 times
Reputation: 4118
Quote:
Originally Posted by Casper in Dallas View Post
Gives back temporarily and contributes to debt for decades. Think long term or pay the price.
Thin much longer term, and how much national debt have we paid off since 1837?
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