Folk forget that it was the rise of unions that forced the then upper class to share.. The demise of unions today has led to stagnant wages… and the upper class again no longer shares.
Orin Hatch: “I have a rough time wanting to spend billions and billions and trillions of dollars to help people who won’t help themselves, won’t lift a finger and expect the federal government to do everything.” Franklin D. Roosevelt: “The test of our progress is not whether we add more to the abundance of those who have much, it is whether we provide enough for those who have too little.”
I will correct my last comment. A down Wall Street will cause a down on Main Street. Up on Wall Street has become less correlated to an up on Main Street.
It should be noted that historically, when unemployment goes up, so does the stock market. Regulation is needed, just like other segments of the gambling industry, as that’s all the “market” has been for several decades with deregulation. Stocks, like tax breaks don’t reinvest in production and jobs, just “profit” off the stocks themselves. “Workers” are now computer controlled robots", that can’t unionize and cut profits to investors. Yep, let’s get rid of those corporate taxes, tax the underemployed instead!
Trump owns an amazing 11-month Bull market. The amazing trend upward has been going strong for the last 103 months, but Trump alone wasn’t enough to stop the stock increases. These guys pictured are the Trump supporters who buy into the big, fat ugly bubble of the stock market, this virtually unprecedented eight and a half year increase in stock market growth will eventually fall. Eventually the stocks will retreat, and Trump will own that as well.
If the “rich” invest it will only be to modernize. Supply is no longer tied to labor with machines and robots doig all the work. No workers with $$, no demand, no reason to invest… The new world.. a few will live like kings.. the rest.. like peasants. Much.. like it was before the unions 60 years ago forced a change.
“Not investing is an American problem for all age groups,” says Ms. Cornfield. Collectively, 4 in 10 Americans, 43 percent, own stocks, reports Bankrate. This includes 51 percent of people who are 36 to 51 years old (Generation X), and 48 percent of Baby Boomers, who are aged 52 to 70.Jul 6, 2016
Dtroutma over 6 years ago
Building a better 1929 in our future.
Baslim the Beggar Premium Member over 6 years ago
“better” Try bigger.. It’ll be Yuge!
NeedaChuckle Premium Member over 6 years ago
I love the fact that his supporters keep getting screwed and go in for MORE!
wolfhoundblues1 over 6 years ago
I love that your pic is Mr. Farley(?) from Green Acres.
Radish the wordsmith over 6 years ago
We ain’t got no stock since we had to sell the cow.
Masterskrain Premium Member over 6 years ago
About 8 head of stock…if pigs count…
Rob Wilson Premium Member over 6 years ago
You have zero stocks sweetheart.
Kip W over 6 years ago
Do gunstocks count? Then they have 23.
Alberta Oil Premium Member over 6 years ago
Folk forget that it was the rise of unions that forced the then upper class to share.. The demise of unions today has led to stagnant wages… and the upper class again no longer shares.
cdward over 6 years ago
Orin Hatch: “I have a rough time wanting to spend billions and billions and trillions of dollars to help people who won’t help themselves, won’t lift a finger and expect the federal government to do everything.” Franklin D. Roosevelt: “The test of our progress is not whether we add more to the abundance of those who have much, it is whether we provide enough for those who have too little.”
Striped Cat over 6 years ago
Wall Street and Main Street have less and less in common as time passes.
Striped Cat over 6 years ago
I will correct my last comment. A down Wall Street will cause a down on Main Street. Up on Wall Street has become less correlated to an up on Main Street.
Local 574 Premium Member over 6 years ago
Danziger, don’t you ever get tired of insulting working people?
Dtroutma over 6 years ago
It should be noted that historically, when unemployment goes up, so does the stock market. Regulation is needed, just like other segments of the gambling industry, as that’s all the “market” has been for several decades with deregulation. Stocks, like tax breaks don’t reinvest in production and jobs, just “profit” off the stocks themselves. “Workers” are now computer controlled robots", that can’t unionize and cut profits to investors. Yep, let’s get rid of those corporate taxes, tax the underemployed instead!
Sadandconfused9 over 6 years ago
History will repeat itself with karmatic Justice for the elite 1%. We will have a replay of October 29th, 1929, probably about May of 2018.
Mr. Blawt over 6 years ago
Trump owns an amazing 11-month Bull market. The amazing trend upward has been going strong for the last 103 months, but Trump alone wasn’t enough to stop the stock increases. These guys pictured are the Trump supporters who buy into the big, fat ugly bubble of the stock market, this virtually unprecedented eight and a half year increase in stock market growth will eventually fall. Eventually the stocks will retreat, and Trump will own that as well.
Radish the wordsmith over 6 years ago
If the Republican social engineering, great swindle of a Tax Plan fails, the market might drop.
Radish the wordsmith over 6 years ago
Why ain’t we got the money for the mortgage on the cow?
Cause we ain’t we got the money for the mortgage on the cow.
Boo hoo, boo hoo hoo
Moo moo, moo moo moo
Alberta Oil Premium Member over 6 years ago
If the “rich” invest it will only be to modernize. Supply is no longer tied to labor with machines and robots doig all the work. No workers with $$, no demand, no reason to invest… The new world.. a few will live like kings.. the rest.. like peasants. Much.. like it was before the unions 60 years ago forced a change.
wellis1947 Premium Member over 6 years ago
Actually, they have plenty of “stocks”, Ellie Mae! They got chickens and pigs, and ducks and cows – lots of “stocks!”
Radish the wordsmith over 6 years ago
“Not investing is an American problem for all age groups,” says Ms. Cornfield. Collectively, 4 in 10 Americans, 43 percent, own stocks, reports Bankrate. This includes 51 percent of people who are 36 to 51 years old (Generation X), and 48 percent of Baby Boomers, who are aged 52 to 70.Jul 6, 2016