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Does this completely destroy the middle class?

Posted on 3/23/20 at 8:11 am
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
17169 posts
Posted on 3/23/20 at 8:11 am
The middle class has been experiencing increased pressure over the last 30 years due to the growing income inequality gap. How will this affect it?
The elite will double their money when the market recovers while the middle class will continually get hammered.

Where do we go from here?
Posted by roadGator
Member since Feb 2009
141573 posts
Posted on 3/23/20 at 8:14 am to
Why don’t you progs lead a revolt against the wealthy instead of whining about income inequality or gap this and gap that.


Do something about it already. So lazy
Posted by Dawgfanman
Member since Jun 2015
22861 posts
Posted on 3/23/20 at 8:15 am to
quote:

The elite will double their money when the market recovers while the middle class will continually get hammered.


Many/most of the middle class have money in the market as well.
Posted by Desert King
Member since Oct 2018
1936 posts
Posted on 3/23/20 at 8:17 am to
The middle class hammers itself with financial stupidity. I can’t tell you how many families I know who have every toy and take every vacation, but will be one of the ones out on the street if they missed 2 paychecks.
Posted by Midget Death Squad
Meme Magic
Member since Oct 2008
24920 posts
Posted on 3/23/20 at 8:17 am to
quote:

Where do we go from here?




Up, unlike your vote total


This post was edited on 3/23/20 at 8:19 am
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
17169 posts
Posted on 3/23/20 at 8:17 am to
quote:

Many/most of the middle class have money in the market as well.

Had*

That's my point.
Posted by PsychTiger
Member since Jul 2004
99665 posts
Posted on 3/23/20 at 8:20 am to
quote:

Many/most of the middle class have money in the market as well.

Had*

That's my point.


I have the same number of shares I had previously, they are just worth less now. They will be worth more again when the market rebounds as I have no plans to touch any of them.
Posted by jimdog
columbus, ga
Member since Dec 2012
6636 posts
Posted on 3/23/20 at 8:21 am to
Destroying the middle class and leaving everyone equally poor and dependent has been a lib dem goal since the 19th century. Leaving a small liberal elite in the coastal cities of course.

But they messed up big time and got ahead of themselves this time leaving themselves with a guy who cusses out anyone asking him a legit question, tries to fight voters and young female students and embarrasses himself and the party almost daily.
Posted by EZE Tiger Fan
Member since Jul 2004
50571 posts
Posted on 3/23/20 at 8:21 am to
That's been your party's goal since Obama was elected. He got more middle class people off of employment and onto the tit than any POTUS in history.

Trump waved the magic wand, which pissed you and your ilk off. Then, along came China to help bail you out.

Now Nancy is leveraging this to continue this most-recent episode of "let's frick American workers for political gain".
Posted by Haydo
DTX
Member since Jul 2011
2949 posts
Posted on 3/23/20 at 8:21 am to
quote:

quote:
The elite will double their money when the market recovers while the middle class will continually get hammered.


Many/most of the middle class have money in the market as well.


yeah... in their 401k. He has a point. This will inevitably widen the income gap. I myself am a buyer right now with extra cash I do have, but I'm 29 and sadly not a tech billionaire.

The middle class go right back where they were before all of this started, while the rich who have cash laying around are able to take advantage of buying stock at an extreme discount with no real underlying economic issue.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
17169 posts
Posted on 3/23/20 at 8:22 am to
quote:

Do something about it already. So lazy


I can't. Too busy working.
You are the Gal Gadot of this board.

Posted by The Maj
Member since Sep 2016
27407 posts
Posted on 3/23/20 at 8:23 am to
quote:

Had*


Well, if they pulled it on the downside, then they are pretty fricking stupid...

Look at you not knowing how markets work... doesn't really surprise me...
Posted by TeLeFaWx
Dallas, TX
Member since Aug 2011
29199 posts
Posted on 3/23/20 at 8:24 am to
quote:

The middle class has been experiencing increased pressure over the last 30 years due to the growing income inequality gap. How will this affect it?
The elite will double their money when the market recovers while the middle class will continually get hammered.

Where do we go from here?



The middle class is getting destroyed, and executives of the companies getting bailed out will essentially be unaffected, and likely get huge bonuses from the rebound, and be better off than they would have without the coronavirus.

The Republicans in Congress are so out of touch, they'll lose the Senate in the fall because they don't get it.

So to answer, where do we go from here... once GEOTUS leaves office, a huge Democratic rule in this country begins. Because of this moment right now.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89801 posts
Posted on 3/23/20 at 8:24 am to
quote:

Well, if they pulled it on the downside, then they are pretty fricking stupid...


Buy high, sell low is a predictably bad practice, for sure.
Posted by cajunangelle
Member since Oct 2012
148131 posts
Posted on 3/23/20 at 8:25 am to
So are you really rubbing it in deplorable flyover country that they are fricked again?
Posted by Y.A. Tittle
Member since Sep 2003
101996 posts
Posted on 3/23/20 at 8:25 am to
quote:

I can't. Too busy working.


So what “class” do you fancy yourself?
Posted by boomtown143
Merica
Member since May 2019
6819 posts
Posted on 3/23/20 at 8:26 am to
quote:

It will take a few years for this to financially clear up but it won't matter. Things will go back to normal a lot faster than people think. It wont take long before the US turns into the manufacturing power it once was when many overseas jobs come back.


Posted by PEPE
Member since Jun 2018
8198 posts
Posted on 3/23/20 at 8:26 am to
quote:

The middle class hammers itself with financial stupidity. I can’t tell you how many families I know who have every toy and take every vacation, but will be one of the ones out on the street if they missed 2 paychecks.


Almost everybody feels entitled to live a notch above their pay grade.

People who make 50k try to live like they make 100k.
People who make 100k try to live like they make 200k.
Posted by GeauxFightingTigers1
Member since Oct 2016
12574 posts
Posted on 3/23/20 at 8:27 am to
The rich will be bailed out first, like they have been doing for weeks if not years. QE to infinity.

Everyone else is expendable.

Posted by The Maj
Member since Sep 2016
27407 posts
Posted on 3/23/20 at 8:27 am to
quote:

a huge Democratic rule in this country begins


Yeah, your wet dream is not going to come true...
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