deanrd
Gold Member
- May 8, 2017
- 29,411
- 3,644
- 290
- Banned
- #1
https://seekingalpha.com/article/193014-the-haves-and-have-nots-of-the-stock-market
The 75% rise in the stock market from its lows a year ago is ceaselessly offered as "proof" the economy is recovering. Too bad very few Americans are drawing any benefit from this stupendous rise.
Great Middle Class owns at best only 7% of all stocks and mutual funds.
The stock market isn't about building middle class wealth, and the middle class seems to have finally figured that out. The equity market is all about concentrating wealth and managing perception - if the top 10% is doing well, then the bottom 90% are supposed to feel better about the whole thing, too, even if they are poorer by every financial metric.
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Republicans so excited that Trump is creating all these new jobs. That we need to cut taxes on the wealthy so they can create more jobs. There are 6 million jobs available now going unfilled. How many more jobs do we need?
I think we need more employees, not more jobs.
Why can't Trump's base understand this?
The 75% rise in the stock market from its lows a year ago is ceaselessly offered as "proof" the economy is recovering. Too bad very few Americans are drawing any benefit from this stupendous rise.
Great Middle Class owns at best only 7% of all stocks and mutual funds.
The stock market isn't about building middle class wealth, and the middle class seems to have finally figured that out. The equity market is all about concentrating wealth and managing perception - if the top 10% is doing well, then the bottom 90% are supposed to feel better about the whole thing, too, even if they are poorer by every financial metric.
----------------------------------------------------
Republicans so excited that Trump is creating all these new jobs. That we need to cut taxes on the wealthy so they can create more jobs. There are 6 million jobs available now going unfilled. How many more jobs do we need?
I think we need more employees, not more jobs.
Why can't Trump's base understand this?