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Lesbian Art theory
originally posted by: PublicOpinion
a reply to: Edumakated
Lesbian Art theory
*raises an eyebrow*
Income inequality has squeezed the middle class out of the majority
Not exactly a radical communist paper by definition. What's your source, how do you inform yourself? No. Do you even inform yourself, or are you done with edumakating yourself after getting that precious Lesbian Art Degree?
The number of households that are middle class is now matched by those that are either upper or lower income, according to a report released Wednesday by the Pew Research Center.
The nation has arrived at this tipping point in part because more Americans are moving up the income ladder. In 1971, just 14 percent of Americans were in the upper income tier, which Pew defined as more than double the nation’s median income. Now, 21 percent of American households are in that upper earning category -- at least $126,000 a year for a three-person household.
originally posted by: Stupidsecrets
Most Americans DO INVEST. Look it up. This is a lie being repeated over and over. 51% have money in the markets from most reports.
Nonsense because the people saying they don't are just making stuff up. It's not true.
originally posted by: Xcalibur254
a reply to: Stupidsecrets
So if Bernie somehow managed to win in a landslide you would have no problem if the EC voted against the will of the people?
The things he is talking about is not even the job of the President or the Federal Government.
originally posted by: pexx421
originally posted by: Stupidsecrets
Most Americans DO INVEST. Look it up. This is a lie being repeated over and over. 51% have money in the markets from most reports.
Nonsense because the people saying they don't are just making stuff up. It's not true.
51%? Yeah, that’s barely most. I’d expect that at least 51% gamble in casinos too. And of that 51% about 90% own 15% of the stocks. And that last 10%? They own 85% of the stocks. The sum total of the bottom 90% of Americans stocks is a negligible amount. Removing relativity does make an argument for you.... but it’s a false argument. Only 10% of Americans have any real amount “invested” and the rest have chicken scratch.
originally posted by: Stupidsecrets
Investing takes TIME. It's not going to happen over night for most Americans. Years and years of building. I know many millionaires now who were not millionaires until they almost retired which is what should happen.
They started out with "chicken scratch" that part is true. What is not true is that it's still chicken scratch after 30-40 years of of it being in the market. About half the country gets it. The other half does not have the patience or mental aptitude to understand that money, even tiny buckets of it, can actually work for them over a period of time so one day they will not have to work at all. The money did all the work for them.
originally posted by: Edumakated
originally posted by: pexx421
originally posted by: Stupidsecrets
Most Americans DO INVEST. Look it up. This is a lie being repeated over and over. 51% have money in the markets from most reports.
Nonsense because the people saying they don't are just making stuff up. It's not true.
51%? Yeah, that’s barely most. I’d expect that at least 51% gamble in casinos too. And of that 51% about 90% own 15% of the stocks. And that last 10%? They own 85% of the stocks. The sum total of the bottom 90% of Americans stocks is a negligible amount. Removing relativity does make an argument for you.... but it’s a false argument. Only 10% of Americans have any real amount “invested” and the rest have chicken scratch.
That is more of a personal problem... and due to lack of financial education.
Even people who think they don't own stock, typically still benefit. Take pensioners for example....
originally posted by: Edumakated
a reply to: Xcalibur254
Those charts are inflation adjusted. Secondly, while it is true a dollar is worth less, in many cases, it also still buys higher quality goods and services.
Compare a car, computer, house quality, practically ANYTHING purchased today of that from the 70s and the relative cost... you'll find the good is far better quality today.
Sure... school, healthcare, and housing have all seen inflation. Gee, what is the common denominator? Govt interference.