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Started By
Message
The left is now concerned about the wealthy.
Posted on 4/4/25 at 9:48 am
Posted on 4/4/25 at 9:48 am
Keep in mind, only about 8% of the US population owns stock. And in that 8% is made up of the wealthiest 1% if not more.
And this is who the left is upset for right now as Trump works his magic to help make our country better in the long term AND to help reduce prices in the long term.
And this is who the left is upset for right now as Trump works his magic to help make our country better in the long term AND to help reduce prices in the long term.
10
Posted on 4/4/25 at 9:52 am to SaintsReportExile
So few remember:
Posted on 4/4/25 at 9:53 am to SaintsReportExile
Fact check on 8% owning stocks. Everyone with a 401k owns stock. Everyone who has a pension, owns stock indirectly. Everyone with a Roth IRA owns stock. Thats before you get into all of the wall street bet bros investing on Robinhood
Posted on 4/4/25 at 9:54 am to SaintsReportExile
quote:
Keep in mind, only about 8% of the US population owns stock.
This falls in the category of something you don’t need to check to know it’s wrong.
I checked to see what the real number is: 58% of US households own stock. And households is the meaningful measure, because obviously children aren’t going to own many stocks.
This post was edited on 4/4/25 at 9:56 am
Posted on 4/4/25 at 9:55 am to SaintsReportExile
You don't have a 401k?
Posted on 4/4/25 at 9:59 am to SaintsReportExile
Attempted assassinations have consequences
Posted on 4/4/25 at 10:02 am to SaintsReportExile
quote:
Keep in mind, only about 8% of the US population owns stock.
That is blatantly not true. Where did you even get this BS number?
Pew Research
quote:
About 62% of U.S. adults, or roughly 162 million people, own stocks
quote:
Overall, 58% of U.S. families had some sort of exposure to the stock market in 2022, the highest level ever recorded by the SCF. The median value of those holdings was $52,000; the mean value was $489,500.
quote:
By far the most common way to own stock is through a retirement plan, such as an employer-sponsored 401(k) or 403(b) program or an individual retirement account (IRA). A record 54% of American families had such a retirement plan in 2022.
If you support the tariffs that's fine, but don't act like this doesn't hurt a lot of very ordinary people.
The people that will be most hurt is the middle to slightly upper middle class. Once this wipe out is over, the ultra-rich will come in with more cash and buy up the cheap assests. They will own more than ever before.
This post was edited on 4/4/25 at 10:05 am
Posted on 4/4/25 at 10:06 am to mule74
quote:
The median value of those holdings was $52,000
Nice I'm (barely) above average
Posted on 4/4/25 at 10:08 am to SaintsReportExile
I don’t think the communists are worried about anything but power and gulags for the rest of us.
Posted on 4/4/25 at 10:10 am to SaintsReportExile
quote:
Keep in mind, only about 8% of the US population owns stock.
What stupid arse place did you pull this number from? Let me guess - your arse?
Any place you look, the number is above 50% and most show 60% or above. The fact you think only 8% of Americans own stock really goes to show how stupid you are.
It really is a shame how fricking stupid y'all are.
This post was edited on 4/4/25 at 10:11 am
Posted on 4/4/25 at 10:10 am to GeauxBurrow312
quote:
Fact check on 8% owning stocks
Damnit, I was feeling good about being an 8%er.
Posted on 4/4/25 at 10:14 am to mule74
Retired people with net worths in the $1m to 5m range are the ones who are going to get clobbered by this
Posted on 4/4/25 at 10:44 am to SaintsReportExile
quote:
Keep in mind, only about 8% of the US population owns stock. And in that 8% is made up of the wealthiest 1% if not more. And this is who the left is upset for right now as Trump works his magic to help make our country better in the long term AND to help reduce prices in the long term.
60% of the US owns stock. But, the wealthiest 10% own like 93% of all US stock. He’s probably confusing that number.
Posted on 4/4/25 at 11:00 am to SaintsReportExile
quote:
Keep in mind, only about 8% of the US population owns stock
That sounds like a made up number ~21% of americans actively contribute to 401k accounts, and that doesn't include retirees
Posted on 4/4/25 at 1:22 pm to GeauxBurrow312
quote:
Retired people with net worths in the $1m to 5m range
That’s the upper middle class.
Posted on 4/4/25 at 2:36 pm to mule74
Yep, they are the ones who are going to railed the most though. Upper middle class lifestyle cant be funded on social security checks, so they will have to eat into their principal, cant ride out the turbulence
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