Felix2

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Stock Market is soaring

Feb 5, 2020, 10:03 PM

But how does that effect the average American?

Of all the stocks, the top 10% of the population controls 84% of stocks. The next 10% own 9.3% of stocks while the bottom 80% own only 6.7% of stocks.

Americans are discontent for a number of reasons and this started before Trump. I'd say the split and the beginning of mass acquisition of wealth by the top few percent started under Bill Clinton. G.W. Bush exacerbated the problem by pushing globalization, actually creating a tax incentive for companies to move overseas. Lower labor costs, increased profits began what has become a massive transfer of wealth.

I believe that most people felt powerless and believed the 'crumbs' that fell to them wasn't enough. The minimum wage in this country is $7.35 an hour, and impossible amount to actually live on. I think many supported Trump because he campaigned on fixing a 'rigged system' and people found hope in his candidacy.

Now the discontent remains which I thin contributes to the rise of the opposite of Trump. Sanders, Butigieg and Warren promise essentially the same thing that Trump did. Fixing a rigged system. With Trump we've swung way to the right politically, which has resulted in a marked change in our culture. A far left swing socially that may result in a further left President that many would reject. The only 'centrist' is Butigieg and no matter how well he's done in Iowa, most rural areas nationwide are just not ready for a Gay President. It's not looking too good, but people are fed up. No telling who will win the White House.

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Obed said:

It’s filed right after the study I did one the amount of dog poop in the yards of dog owners vs those who don’t own pets.

The problem is how much the rich really own. The distribution of wealth has gotten insane.

The wealthiest 20% own 90% of the wealth. The top 1% owns half of that.

The next two tiers of 20% split that last 10%. It breaks down to something like 7% to the upper middle class...and just under 3% - three per cent! - to the middle class.

Tier D - lower middle class - has crumbs, just a few fractions of a per cent.

The poorest 20% not only doesn't have anything, they're in debt, to the tune of owing an average of $6K per person.

In cultures where you see this level of income and wealth inequality, what you see at the bottom is a basic breakdown in government and civil services...and to some extent, often basic governance. The poorest neighborhood essentially become ungoverned zones ruled by street gangs. Huge swaths of the cities in Guatamala aren't controlled by the government, for instance, but instead by MS13, which doesn't just control the traditional underworld vices like drugs, prostitution, and gambling but now actually controls the trade on even basic goods like food and toiletries. In Mexico the drug cartels aren't just running drugs they're also taking over base staples like the avocado industry and the Federales don't really even have jurisdiction over many states anymore. And the wealthy are hunted; kidnapping of the rich for profit is an absolute pandemic.

Keep doing what we're doing, and that trend will come north.

Stock Market is soaring

why do people think they need to point out...

The same reason they find it enlightening that

I am not sure the data really shows that...

hang on, I have it here somewhere.....

Re: hang on, I have it here somewhere.....

That's a very limited examination of potential problems...

maybe they should do secret ballots in Mehiho***

another "the world's going to come to an end" issue...

You're just no fun at all.***

Human arrogance and the Tower of Babel***

Re: hang on, I have it here somewhere.....

could provide cash to companies to buy

Re: Stock Market is soaring

3.5% unemployment makes it seem like most people are...

You are heartless

I seldom entertain attacks on capitalism.

Everything is relative. Around half of planet Earth would

I have a 401(k) that is "in the stock market,"

Wait till you’re 60-65

Definitely understand.***

Probably by that time will have moved money

It’ll still be in your 401k most likely

Yeah, that's it.

I just noticed something

my guess is...

Nooooo.

Yeah, I think this is probably true...

I didn't really think about that...

I’m with you brother

One word: Coot***

'Confess your sins one to another....'

That is a misleading stat. Of course the wealthy will own a

Re: That is a misleading stat. Of course the wealthy will own a

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