Jump to content
Sign in to follow this  
Scary Gary

CNN says its not fair that those without money in stock market can't share in the boom.

Recommended Posts

"Still, without money in the market, there are huge gains that millions of Americans have no access to. It's a trend that's contributing to America's worsening inequality."

 

 

 

LOL. Also, CNN pissed off that market is up during Trump's administration. Again, the hatred for Trump so great, CNN would rather see everyone suffer rather than some reap rewards of an up market during a Repuplican's administration. Sign o' the times folks. CNN pushing to divide the country, because they are mad.

 

http://money.cnn.com/2017/10/20/investing/trump-stock-market-americans/index.html?iid=hp-stack-dom

Share this post


Link to post
Share on other sites

You know what else is not fair?

 

People that don't own multiple homes can't collect rent.

 

System is rigged

  • Like 1

Share this post


Link to post
Share on other sites

Well I don't know about "not fair," but it certainly is true that it takes money to make money. Poor people don't have any so it's very tough to make more. Rich people have gobs of it making more every second. That certainly does explain extreme wealth disparity, no?

Share this post


Link to post
Share on other sites

The same sick mindset justifies progressively higher levels of taxation.

Abraham Lincoln had a sick mind? He's the one that first made it law. :wacko:

 

You are either an extreme troll or simply insane. Could go either way.

Share this post


Link to post
Share on other sites

Well I don't know about "not fair," but it certainly is true that it takes money to make money. Poor people don't have any so it's very tough to make more. Rich people have gobs of it making more every second. That certainly does explain extreme wealth disparity, no?

Article really isn't talking about the fairness, but that's a wonderful spin Gary is making...

Share this post


Link to post
Share on other sites

there should be a cap on how much one person can have.

 

seriously. how much is enough?

Share this post


Link to post
Share on other sites

Article really isn't talking about the fairness, but that's a wonderful spin Gary is making...

Oh I know

Share this post


Link to post
Share on other sites

Well I don't know about "not fair," but it certainly is true that it takes money to make money. Poor people don't have any so it's very tough to make more. Rich people have gobs of it making more every second. That certainly does explain extreme wealth disparity, no?

This It takes money to make money. Flipping houses, stock market investments. All great ways to build a fortune. Unfortunately, a huge percentage of the population is trying to figure out how to pay the month's rent. Donald Trump is perfect proof. With his intelligence and personality, he'd be a janitor if he didn't have a father who was a real estate tycoon.

Share this post


Link to post
Share on other sites

This It takes money to make money. Flipping houses, stock market investments. Donald Trump is perfect proof. With his intelligence and personality, he'd be a janitor if he didn't have a father who was a real estate tycoon.

 

:rolleyes:

 

Right. no one that ever had a rich father ended up focking it all up

 

good call there.

Share this post


Link to post
Share on other sites

 

:rolleyes:

 

Right. no one that ever had a rich father ended up focking it all up

 

good call there.

If you have a head start like that, you can fock up a lot of things and come out just fine. See a certain real estate mogul turned reality tv star turned president who declared bankruptcy many times

Share this post


Link to post
Share on other sites

Link to me saying that no one ever focked it up?

 

you insinuated having a rich dad sets you up for life. Like it's impossible to fock it up. You still have to have discipline and work ethic.

Share this post


Link to post
Share on other sites

If you have a head start like that, you can fock up a lot of things and come out just fine. See a certain real estate mogul turned reality tv star turned president who declared bankruptcy many times

 

Declaring for bankruptcy makes you a fock up :wacko:

Share this post


Link to post
Share on other sites

 

Declaring for bankruptcy makes you a fock up :wacko:

 

Declaring bankruptcy when you were giving a huge leg up to start with and when others in your business segment are making money hand over fist is a pretty good indicator you might be. HTH.

Share this post


Link to post
Share on other sites

 

Declaring bankruptcy when you were giving a huge leg up to start with and when others in your business segment are making money hand over fist is a pretty good indicator you might be. HTH.

 

bankruptcy was a SMART decision before it was changed

 

doesn't surprise me a weasel like Trump would have used it to get out of paying for sh1t

Share this post


Link to post
Share on other sites

Well I don't know about "not fair," but it certainly is true that it takes money to make money. Poor people don't have any so it's very tough to make more. Rich people have gobs of it making more every second. That certainly does explain extreme wealth disparity, no?

'The Rich' includes people that started off with nothing but a drive to succeed. People that make their own fortune by not sitting around waiting for it to happen.

 

Those that inherit wealth had parents with sense enough not to get all ghetto rich with their money thus providing something of value that will last generations.

 

The poor typically make poor choices even when handed a fortune (see lottery winners) thus making mistakes that will last generations.

  • Like 1

Share this post


Link to post
Share on other sites

Declaring bankruptcy when you were giving a huge leg up to start with and when others in your business segment are making money hand over fist is a pretty good indicator you might be. HTH.

Maybe not the first time, but certainly by the sixth time.

Share this post


Link to post
Share on other sites

 

bankruptcy was a SMART decision before it was changed

 

doesn't surprise me a weasel like Trump would have used it to get out of paying for sh1t

 

 

He didn't just declare bankruptcy. He went public with a C-corp, raised hundreds of millions in capital from investors, used those hundreds of millions to fund his lifestyle, saddled the company with his massively indebted properties that had been funded with junk bonds, THEN declared bankruptcy, beating creditors out of money owed them, and returning pennies on the dollar to his investors, both for the bonds and the stock in his company. That's how Donnie rolls. :thumbsup:

Share this post


Link to post
Share on other sites

seems pretty straightforward to me...

 

I think we all agree that the middle class is shrinking/dying.

I think we all agree that there is growing income gap divide.

 

if the largest/best earning vehicle for your society is only usable/accessible to a fraction of that society, the problem of income gaps and shrinking middle class will be exacerbated.

 

 

Certainly the issue/debate revolves around WHY some don't use/access the stock market... but the fact remains that a significant number of people don't, can't, or don't know how and that's not a good thing for society and the failing middle class.

Share this post


Link to post
Share on other sites

 

 

He didn't just declare bankruptcy. He went public with a C-corp, raised hundreds of millions in capital from investors, used those hundreds of millions to fund his lifestyle, saddled the company with his massively indebted properties that had been funded with junk bonds, THEN declared bankruptcy, beating creditors out of money owed them, and returning pennies on the dollar to his investors, both for the bonds and the stock in his company. That's how Donnie rolls. :thumbsup:

 

Pretty genius if you ask me

Share this post


Link to post
Share on other sites

seems pretty straightforward to me...

 

I think we all agree that the middle class is shrinking/dying.

I think we all agree that there is growing income gap divide.

 

if the largest/best earning vehicle for your society is only usable/accessible to a fraction of that society, the problem of income gaps and shrinking middle class will be exacerbated.

 

 

Certainly the issue/debate revolves around WHY some don't use/access the stock market... but the fact remains that a significant number of people don't, can't, or don't know how and that's not a good thing for society and the failing middle class.

:thumbsup:

 

We talk about the stock market as a sign of a strong economy, but to a large percentage of Americans, it means nothing.

Share this post


Link to post
Share on other sites

:thumbsup:

 

We talk about the stock market as a sign of a strong economy, but to a large percentage of Americans, it means nothing.

exactly.

for most middle income workers - many of them skilled manufacturers or technicians - it simply means the company is making money so you'll get to come back tomorrow and keep your job.

Share this post


Link to post
Share on other sites

 

Pretty genius if you ask me

 

Sure, if you have no self-respect or sense of responsibility to people who entrusted you with their money. And of course if many companies ran this way, our economy would quickly break down and the stock market wouldn't be a tool for anything but get-rich-quick schemes, while it lasted. Luckily most business-people are both better at business and at being people, than Donald Trump. He just gets to reap the rewards.

Share this post


Link to post
Share on other sites

:thumbsup:

 

We talk about the stock market as a sign of a strong economy, but to a large percentage of Americans, it means nothing.

Bull focking . A strong market means capital is moving. New business opportunity which means job growth. Even if they don't have money in the market they still have opportunity because of that market.

 

You can open a fund for $50. Anyone who says they can't do that is lying or too lazy and dumb also they definitely vote for Democrats.

Share this post


Link to post
Share on other sites

 

You can open a fund for $50.

 

awesome and in 30 years you'll have 65 bucks :overhead:

Share this post


Link to post
Share on other sites

 

Declaring bankruptcy when you were giving a huge leg up to start with and when others in your business segment are making money hand over fist is a pretty good indicator you might be. HTH.

Yep, Atlantic City casinos are making money hand over fist...LOL

Share this post


Link to post
Share on other sites

Poor people also don't lose their ass when the market busts, so it evens out. :dunno:

Share this post


Link to post
Share on other sites

Even if they don't have money in the market they still have opportunity because of that market.

yes.

and today, that opportunity is... the opportunity to make $50k a year at a job that doesn't really afford anyone enough to buy a house, raise a family, and will only be steady as long as the market is up.

Share this post


Link to post
Share on other sites

 

you insinuated having a rich dad sets you up for life. Like it's impossible to fock it up. You still have to have discipline and work ethic.

No, I insinuated that the race for financial freedom is not a level playing field. Do you dispute that?

Share this post


Link to post
Share on other sites

Yep, Atlantic City casinos are making money hand over fist...LOL

 

You realize this didn't JUST happen, right? Other casinos were doing fine during the period Donnie was going up.

Share this post


Link to post
Share on other sites

Poor people also don't lose their ass when the market busts, so it evens out. :dunno:

I think it's more of a one way street.

 

When the market is up - they stay afloat and keep their jobs.

When the market is down, - they get laid off, lose their homes and insurance, compromise their children's futures/educations... and yes, their ass is about all they have left.

 

Poor and middle class never feel the bump of the booming market - only the fall of the bad market.

Share this post


Link to post
Share on other sites

Bull focking ######. A strong market means capital is moving. New business opportunity which means job growth. Even if they don't have money in the market they still have opportunity because of that market.

 

You can open a fund for $50. Anyone who says they can't do that is lying or too lazy and dumb also they definitely vote for Democrats.

 

 

Share this post


Link to post
Share on other sites

It's BS that these business owners have businesses and get to make profits. I don't have a business. If someone gave me a business I could have profits too.

Share this post


Link to post
Share on other sites

 

 

He didn't just declare bankruptcy. He went public with a C-corp, raised hundreds of millions in capital from investors, used those hundreds of millions to fund his lifestyle, saddled the company with his massively indebted properties that had been funded with junk bonds, THEN declared bankruptcy, beating creditors out of money owed them, and returning pennies on the dollar to his investors, both for the bonds and the stock in his company. That's how Donnie rolls. :thumbsup:

You are combining things that are seperate... He took money out of going public, as well as the fees he earned from the transactions. The people who invested in that public company were aware of the finance structure of it. And it didn't work out. The market tanked.

 

Even well run, efficient companies can run into liquidity squeezes and be forced into bankruptcy. Its usually a combination of an unfavorable economy timed with loan coming due that can't be refinanced in the current climate. It you can't refinance it, you can't sell it to get out of the situation.

Share this post


Link to post
Share on other sites

It's BS that these business owners have businesses and get to make profits. I don't have a business. If someone gave me a business I could have profits too.

 

and with newbie logic, you'd be rich for life, no possibilities of messing it up.

Share this post


Link to post
Share on other sites

Our failure to educate kids on real life economics is as much to blame as anything else here.

 

We spend countless hours teaching kids Shakespeare, French, and all sorts of useless stuff when we should be teaching them about work ethic, saving, expense control, mortgages, credit and investing.

  • Like 1

Share this post


Link to post
Share on other sites

Bull focking ######. A strong market means capital is moving. New business opportunity which means job growth. Even if they don't have money in the market they still have opportunity because of that market.

 

You can open a fund for $50. Anyone who says they can't do that is lying or too lazy and dumb also they definitely vote for Democrats.

All most Americans can see is that two things constantly go up. Prices and share value.

 

Wages dont. Havent had significant wage increases in a long time.

 

Meanwhile everything else has gone up and up.

 

The basics. Housing, transportation, and medical, Are becoming more than a significant portion of the workforce can afford. Forget about frills like education, retirement or any of that.

 

Its a problem. Deny it all you like.

  • Like 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×