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Started By
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For first time ever, 1% own more wealth than entire middle class
Posted on 10/18/21 at 6:31 pm
Posted on 10/18/21 at 6:31 pm
LINK
The way to stop this: public crusades against consumerism. We have got to stop the credit card sprees, rampant spending on consumer goods, etc
High schools need to have financial planning classes.
This post was edited on 10/18/21 at 6:34 pm
37
Posted on 10/18/21 at 6:33 pm to HailHailtoMichigan!
The answer to this is less regulation and lower taxes, but the morons will vote for the people who do the opposite.
Posted on 10/18/21 at 6:35 pm to imjustafatkid
No, the answer is stop the ridiculous consumerism.
Stop buying mink coats and rims. Stop eating out every meal. Stop the jewelry and the Xbox live premium.
Invest instead. Save and invest
Stop buying mink coats and rims. Stop eating out every meal. Stop the jewelry and the Xbox live premium.
Invest instead. Save and invest
Posted on 10/18/21 at 6:35 pm to HailHailtoMichigan!
Left-wing Covidians hate corporations and the rich but have done more to transfer wealth into the hands of large corporations in the last 19 months than any other group in my lifetime.
Posted on 10/18/21 at 6:35 pm to HailHailtoMichigan!
I recall you arguing with me a few years back that the wealth gap was a myth. Good to see you coming around
Posted on 10/18/21 at 6:35 pm to imjustafatkid
All that is going to do is give fuel to the tax the rich crowd.
Posted on 10/18/21 at 6:41 pm to HailHailtoMichigan!
quote:Given the amount of money has increased, this hardly seems concerning.
For first time ever, 1% own more wealth than entire middle class
Posted on 10/18/21 at 6:42 pm to Taxing Authority
But the point is the ownership rates aren’t staying constant
Posted on 10/18/21 at 6:42 pm to HailHailtoMichigan!
quote:it’s like $60/year
Xbox live premium.
Posted on 10/18/21 at 6:42 pm to HailHailtoMichigan!
quote:Yeah. Forget it. Any candidate trying to sell "personal responsibility" will be labeled a racist with quickness. Much easier to blame "the rich" for one's lack of success.
Stop buying mink coats and rims. Stop eating out every meal. Stop the jewelry and the Xbox live premium.
Invest instead. Save and invest
Posted on 10/18/21 at 6:43 pm to HailHailtoMichigan!
quote:
High schools need to have financial planning classes.
My high school had that but you have to choose to enroll in the class. Very few people did but I enjoyed it
Posted on 10/18/21 at 6:43 pm to HailHailtoMichigan!
The problem isnt the 1%
It is the 0.001%
The oligarchs that control everything
It is the 0.001%
The oligarchs that control everything
This post was edited on 10/18/21 at 6:45 pm
Posted on 10/18/21 at 6:45 pm to HailHailtoMichigan!
quote:RE ownership? Same problem. Too much money supply in two factors. "Free" money has made speculating in rental property very low risk. Most places are waaay over built. At the same time qualified buyers are facing rising prices because of what amounts to a subsidy in the borrowing market.
But the point is the ownership rates aren’t staying constant
The upside is... it's never been easier to over-borrow on an overprice home than now!
Posted on 10/18/21 at 6:46 pm to HailHailtoMichigan!
The pink bar dropoff from 2011 to 2021 seems fricky considering the stock market has more than doubled in that time frame.
Posted on 10/18/21 at 6:47 pm to HailHailtoMichigan!
quote:
The way to stop this: public crusades against consumerism. We have got to stop the credit card sprees, rampant spending on consumer goods, etc
That’s what the problem is? Retard.
Posted on 10/18/21 at 6:49 pm to HailHailtoMichigan!
Who cares! Can I get a mortgage or loan when needed? Yes! There’s enough money supply for normal activity.
Velocity is not impeded by “wealth” ownership. These clowns can own 100 yachts and my life is not changed.
Velocity is not impeded by “wealth” ownership. These clowns can own 100 yachts and my life is not changed.
Posted on 10/18/21 at 6:49 pm to HailHailtoMichigan!
Just drive around your neighborhood on trash day. It never ceases to amaze me. Everyone's cans are overflowing every week with boxes and plastic packages. They can't buy the chynese crap fast enough. I did buy a new set of Elixir guitar strings on Saturday myself. I swear, I didn't want to spend that money
Posted on 10/18/21 at 6:50 pm to HailHailtoMichigan!
quote:
Stop buying mink coats and rims. Stop eating out every meal. Stop the jewelry and the Xbox live premium.
The middle class is buying mink coats?
Isn't Xbox live like 5 a mnth?
You are a strange cat
Posted on 10/18/21 at 6:50 pm to HailHailtoMichigan!
Your *President is attacking the middle class.
Keep voting Dem / RINO though.
Keep voting Dem / RINO though.
Posted on 10/18/21 at 6:51 pm to moneyg
frick you for being disrespectful
Pathological consumerism among the lower classes is absolutely driving wealth inequality
They are buying mountains of shite instead of building their wealth
Pathological consumerism among the lower classes is absolutely driving wealth inequality
They are buying mountains of shite instead of building their wealth
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