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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.
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%?
1 year of Trump and Americans are very very happy with direction of country.
Contrast that the first Christmas after Obama - disaster.
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(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.
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.
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.
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.
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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