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Old 08-15-2022, 10:46 AM
 
Location: the very edge of the continent
88,770 posts, read 44,594,609 times
Reputation: 13621

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Quote:
Originally Posted by ansible90 View Post
Yes. Very easy to buy just about anything, including a business, from your phone.

You left out the part that you need to accumulate some amount of money first, before you can buy things. A lot of people cant get to that first step.
That's a money management issue. A lot of people have abysmal or nonexistent money management skills, compounded by the problem of living beyond their means simply because they "feel" they're entitled to have more than they've actually earned.

The data is firm. More people are moving up than down. The upper class expanded by 50% in 50 years. That's a significant increase.
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Old 08-15-2022, 10:47 AM
 
26,694 posts, read 14,522,222 times
Reputation: 8094
Quote:
Originally Posted by ansible90 View Post
Yes. Very easy to buy just about anything, including a business, from your phone.

You left out the part that you need to accumulate some amount of money first, before you can buy things. A lot of people cant get to that first step.
Again, not true. You can buy fractional shares and participate in profit generation immediately instead of wasting your money on booze, drugs, lottery tickets, and Gucci bags.
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Old 08-15-2022, 10:48 AM
 
26,694 posts, read 14,522,222 times
Reputation: 8094
Quote:
Originally Posted by InformedConsent View Post
That's a money management issue. A lot of people have abysmal or nonexistent money management skills, compounded by the problem of living beyond their means simply because they "feel" they're entitled to have more than they've actually earned.
That's correct. The vast and vast majority of poor people make poor money management choices and stay poor.
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Old 08-15-2022, 10:49 AM
 
Location: The 719
17,940 posts, read 27,373,653 times
Reputation: 17242
Quote:
Originally Posted by DorianRo View Post
The benefits of throwing the elite/rich a bone in the hopes that that will cause a domino effect of the less fortunate benefitting hasn't exactly worked. The Rich continue to hoard and the broke continue to stay broke. If this idea works than why does the income gap continue to widened?
This trickle down discussion is gaslighting.

Here are facts about taxing;

Never increase taxes during a Recession, like that thing we are in now.

You do not tax the rich. You do not tax the rich. You do not tax the rich. So who are the rich? Those folks who have enough resources to hire a few people, those folks who can hire an attorney, those folks who somehow got ahead of the curve. When you try to tax them, you and I pay.

You cannot tax your way out of debt.

Bigger gov't is never ever the answer.

Lastly, back to the gaslighting topic, if trickle down doesn't work, then trickle up is even more asinine.

Now for a recap of Bidenomics; July was 0 inflation... despite the fact June was 17%.

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Old 08-15-2022, 10:50 AM
 
Location: Long Island
32,816 posts, read 19,431,094 times
Reputation: 9618
Quote:
Originally Posted by ansible90 View Post
Yes. Very easy to buy just about anything, including a business, from your phone.

You left out the part that you need to accumulate some amount of money first, before you can buy things. A lot of people cant get to that first step.
actually its not that hard (at least not until recently when the fed started raising rates)...apply for a business loan....you do have to show your work in your business plan, but its not as hard as you think
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Old 08-15-2022, 10:52 AM
 
26,694 posts, read 14,522,222 times
Reputation: 8094
Quote:
Originally Posted by workingclasshero View Post
actually its not that hard (at least not until recently when the fed started raising rates)...apply for a business loan....you do have to show your work in your business plan, but its not as hard as you think
Much easier than that. Just buy some Google shares. Or, if you like smoking, buy some Philip Morris International Inc.
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Old 08-15-2022, 10:55 AM
 
Location: Long Island
32,816 posts, read 19,431,094 times
Reputation: 9618
Quote:
Originally Posted by DorianRo View Post
The benefits of throwing the elite/rich a bone in the hopes that that will cause a domino effect of the less fortunate benefitting hasn't exactly worked. The Rich continue to hoard and the broke continue to stay broke. If this idea works than why does the income gap continue to widened?
not true...
in 1981 I was making $480/month 5760 a year

back in December when I retired...making 85k yr

my retirement(s) are 11k for the month
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Old 08-15-2022, 10:56 AM
 
Location: Long Island
32,816 posts, read 19,431,094 times
Reputation: 9618
Quote:
Originally Posted by lifeexplorer View Post
Much easier than that. Just buy some Google shares. Or, if you like smoking, buy some Philip Morris International Inc.
or that way too...


point is it si not as hard as the liberals want you to believe it is
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Old 08-15-2022, 11:05 AM
 
26,694 posts, read 14,522,222 times
Reputation: 8094
Quote:
Originally Posted by workingclasshero View Post
or that way too...


point is it si not as hard as the liberals want you to believe it is
But they do need an ID to open a brokerage account to buy stocks.

That's a no go for them, and it's racist.
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Old 08-15-2022, 11:06 AM
 
Location: Just over the horizon
18,415 posts, read 7,048,342 times
Reputation: 11669
Quote:
Originally Posted by BeerGeek40 View Post
The middle class is getting squeezed but not necessarily because of taxes.
It's other things -- healthcare, daycare, college costs, and out of control housing prices that are doing it, IMO


Taxation affects all of those things.
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