Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You tell 'em Bernie. Trump's "great economy" and stock market highs don't do a damn thing for the $10 per hour worker who doesn't have health insurance.
We will always have the wealthy, the middle class and the poor. That's fine as long as there's a level playing field. We don't have that now. The playing field is tilted towards the rich, that's why money keeps rolling into their pockets. And it ain't "trickling down."
The focus should be on the middle class... not the wealthy, not the minimum wage. The majority of the middle class has one or more of the following... 401ks, mutual funds, stocks, etc. This is the best way for the middle class to grow their money, savings, retirement.
You tell 'em Bernie. Trump's "great economy" and stock market highs don't do a damn thing for the $10 per hour worker who doesn't have health insurance.
We will always have the wealthy, the middle class and the poor. That's fine as long as there's a level playing field. We don't have that now. The playing field is tilted towards the rich, that's why money keeps rolling into their pockets. And it ain't "trickling down."
The mad scientist is full of crap. The poor pay no taxes while every one else supports their deadbeat asses.
The focus should be on the middle class... not the wealthy, not the minimum wage. The majority of the middle class has one or more of the following... 401ks, mutual funds, stocks, etc. This is the best way for the middle class to grow their money, savings, retirement.
Most of the population falls into the middle class category and I know we are doing well in this economy. My real estate business is ticking along nicely thanks to the trickle down from the upper class.
Stocks, Real estate have always been great ways to grow wealth but Bernie! Bernie aren't you the one that is promoting socialism and free this and free that for those who can't or worse those who won't work for themselves but we all know who will be paying for it, the middle class.
No thanks Bernie, I'm not buying your rigged economy theory.
Rigged, but of course Bernie is not going to talk about the biggest rigger of them all. 125-billion bailout for Fannie & Freddie, QE-forever, ZIRP swelled the stock in housing markets on a run that just keeps going, insanely bloated college tuition thanks to colleges knowing all those grave loan$ are backed by Fedgov............on and on and on!
What many people fail to understand is that years of zero interest rate policies (ZIRP) have allowed asset classes to blow to epic proportions (think equity and real estate markets). This has priced many out of the real estate market. This type of intervention also doesn't let the market correct to fair value.
The Fed is largely responsible for this but it doesn't get discussed in the mainstream enough. We have a managed market now where the welfare drip inverts to the top. Think "Too Big to Fail" and the recent nationalization of the repo market that literally no one is talking about because the media doesn't cover it. Look up how much money the Fed is putting up for the banks EACH day in this repo "propping." Almost $100 billion per day. The Fed has also expanded their balance sheet at a record pace over the past 3 months.......
"When the streets and rivers run with red,
You'll be hiding 'neath the bed."
~~~Ira Gershwin
It can't happen soon enough. I'd like to see corporate heads on pikes at the city gates.
But unelected Government Bureaucrats are just fine?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
