Trump calls for scrapping debt limit

[Correll]

Yes, wage growth is generally happening in the United States, though it's slowing down compared to its peak in the early post-pandemic period. Real average hourly earnings (adjusted for inflation) have increased, indicating that workers are earning more than they did previously after accounting for inflation.

Key points about wage growth:

• Overall Increase:
  Wages have risen significantly since 2021, with real average hourly earnings up by nearly 4% over the past year, according to The White House.
  
  
• Wage Growth Outpaces Inflation:
  Nominal wages (the literal dollars earned) have increased faster than inflation, meaning workers are experiencing a net increase in purchasing power, says USAFacts.
  
  
• Slowing Growth:
  Wage growth has slowed in recent months, but is still positive.

POst covid bump is irrelevant. And over.


Numbers now are encouraging. IF that trend continues till mid terms...

 

[Correll]

Yesterday some Republican shared this with me:

Illegal immigrants are a net fiscal drain, meaning they receive more in government services thanthey pay in taxes. This result is not due to laziness or fraud. Illegal immigrants actually havehigh rates of work, and they do pay some taxes, including income and payroll taxes. Thefundamental reason that illegal immigrants are a net drain is that they have a low averageeducation level, which results in low average earnings and tax payments. It also means a largeshare qualify for welfare programs, often receiving benefits on behalf of their U.S.-bornchildren. Like their less-educated and low-income U.S.-born counterparts, the tax payments of illegal immigrants do not come close to covering the cost they create.

So you uneducated blue collar AMERICANS are not pulling your weight.

What about this, should I care about? I want them deported. I want higher wages for the us workers.

Nothing in that, changes anything for me.

 

[sealybobo]

So you admit illegals are a drain on society.

Baby steps.

Not really. The rich are more of a drain. They tie up our courts, they don't pay their taxes and they hire illegals.

 

[Nostra]

Not really. The rich are more of a drain. They tie up our courts, they don't pay their taxes and they hire illegals.

Yes, you did andmit illegals are a drain on society.

Now document you claim the rich are a drain.

Watch him squirm……

 

[sealybobo]

Yes, you did andmit illegals are a drain on society.

Now document you claim the rich are a drain.

Watch him squirm……

Top 5 reasons billionaires are bad for the economy

Millions of people are being forced deeper into poverty as the ultra-rich increase their wealth.

www.oxfamamerica.org

There's so much more too.

I heard the other day the Republicans did something that is going to make it impossible for the IRS to catch rich tax cheats.

You're a house slave.

 

[Nostra]

Top 5 reasons billionaires are bad for the economy

Millions of people are being forced deeper into poverty as the ultra-rich increase their wealth.

www.oxfamamerica.org

There's so much more too.

I heard the other day the Republicans did something that is going to make it impossible for the IRS to catch rich tax cheats.

You're a house slave.

Your source is shit.


Typical from a shit poster like you.

How The World’s Richest Men Made Their Billions​

As of March 2024, nine of the 10 richest people in the world are Americans, according to Bloomberg’s Billionaire’s Index. Each of them is, or was recently, the founder, CEO, and/or president of a major corporation (or corporations). Table 1 lists these 10 men, the primary company with which each of them is associated, their roles in the companies, and some data about the individuals’ net worth and the companies’ value.

The world’s 10 richest men not only lead (or led) their companies as CEO and/or company president, but in most cases they also founded or co-founded the companies. One exception, Elon Musk, was not originally counted as a founder of Tesla.10

Cadie Thompson, Kristen Lee, and Tim Levin, “Tesla History’s Most Important Moments, From Its Founders’ Launch to Bringing EVs Mainstream,” Business Insider, June 22, 2023, Tesla history's most important moments, from its founders' launch to bringing EVs mainstream (accessed April 1, 2024).
However, Tesla later gave Musk the title “co-founder” because he was instrumental in the company from its early days.11
Tesla Blog, “Judge Strikes Claim on Who Can Be Declared a Founder of Tesla Motors,” Tesla, April 20, 2010, https://www.tesla.com/blog/judge-strikes-claim-who-can-be-declared-founder-tesla-motors (accessed April 1, 2024).
Tesla, Musk’s flagship company, was founded in July 2003. After e-Bay bought his shares in his former company, PayPal, Musk invested heavily in Tesla.12
Susan Fourtané, “Elon Musk: The Story of the Maverick,” Interesting Engineering, August 13, 2020, https://interestingengineering.com/culture/elon-musk-the-story-of-a-maverick (accessed April 1, 2024).
Musk reportedly provided $6.35 million of Tesla’s $6.5 million initial Series A financing in 2004.13
“How Much Equity Did Elon Musk Get From Investing in Tesla’s Series A?” Forbes, December 29, 2014, https://www.forbes.com/sites/quora/...investing-in-teslas-series-a/?sh=1e9bed332a9f (accessed May 7, 2024).
Musk provided tens of millions of dollars more in subsequent rounds of financing.



He served as Tesla’s chairman beginning in 2004 and became CEO and product architect in 2008 when the company, along with much of the auto industry, was in dire straits.14

Martin Schoeller, “Elon Musk’s Road to Riches: Behind the Billions,” Forbes, October 3, 2023, https://www.forbes.com/sites/forbeswealthteam/article/elon-musk/?sh=60e9439526af (accessed April 1, 2024).
Tesla finally started turning financial profits years later and, under Musk’s leadership, became the most valuable car company in the world based on market capitalization.15
The only other American billionaire among the 10 richest who was not the founder or co-founder of his primary company is Steve Ballmer. Ballmer was an early Microsoft employee (number 30) whose initial compensation package included a $50,000 salary and a share of company profits. Ballmer later exchanged his profit-sharing clause for an 8 percent stake in the company. Ballmer would later take over from Gates as company president. George Anders, “Long-Ago Twist Yields Ballmer a Fortune in Microsoft Stock,” Forbes, September 30, 2014, https://www.forbes.com/sites/george...a-fortune-in-microsoft-stock/?sh=77fe5da836a5 (accessed March 28, 2024).



The world’s 10 richest men made their fortunes from their businesses. If not for these 10 men, the companies they are known for would not exist or would be nothing like we know them today. The 10 panels in Chart 1, which shows time series plots of the net worth of billionaires with the market value of their primary companies, offers a striking visual representation of the extent to which the billionaires made their fortunes from their businesses and how closely tied the billionaires’ wealth is to their companies.

The Wealth of Billionaires: Where It Came From, Where It Is, and Why It Matters

Is the economy a zero-sum game? When the rich get richer, does that come at the expense of everyone else? Much political discourse is predicated on this idea. The common term “wealth distribution,” for example, invokes the idea that there is a fixed quantity of money that policymakers must...

www.heritage.org

 

[sealybobo]

Your source is shit.


Typical from a shit poster like you.

How The World’s Richest Men Made Their Billions​

As of March 2024, nine of the 10 richest people in the world are Americans, according to Bloomberg’s Billionaire’s Index. Each of them is, or was recently, the founder, CEO, and/or president of a major corporation (or corporations). Table 1 lists these 10 men, the primary company with which each of them is associated, their roles in the companies, and some data about the individuals’ net worth and the companies’ value.

The world’s 10 richest men not only lead (or led) their companies as CEO and/or company president, but in most cases they also founded or co-founded the companies. One exception, Elon Musk, was not originally counted as a founder of Tesla.10

Cadie Thompson, Kristen Lee, and Tim Levin, “Tesla History’s Most Important Moments, From Its Founders’ Launch to Bringing EVs Mainstream,” Business Insider, June 22, 2023, Tesla history's most important moments, from its founders' launch to bringing EVs mainstream (accessed April 1, 2024).
However, Tesla later gave Musk the title “co-founder” because he was instrumental in the company from its early days.11
Tesla Blog, “Judge Strikes Claim on Who Can Be Declared a Founder of Tesla Motors,” Tesla, April 20, 2010, https://www.tesla.com/blog/judge-strikes-claim-who-can-be-declared-founder-tesla-motors (accessed April 1, 2024).
Tesla, Musk’s flagship company, was founded in July 2003. After e-Bay bought his shares in his former company, PayPal, Musk invested heavily in Tesla.12
Susan Fourtané, “Elon Musk: The Story of the Maverick,” Interesting Engineering, August 13, 2020, https://interestingengineering.com/culture/elon-musk-the-story-of-a-maverick (accessed April 1, 2024).
Musk reportedly provided $6.35 million of Tesla’s $6.5 million initial Series A financing in 2004.13
“How Much Equity Did Elon Musk Get From Investing in Tesla’s Series A?” Forbes, December 29, 2014, https://www.forbes.com/sites/quora/...investing-in-teslas-series-a/?sh=1e9bed332a9f (accessed May 7, 2024).
Musk provided tens of millions of dollars more in subsequent rounds of financing.



He served as Tesla’s chairman beginning in 2004 and became CEO and product architect in 2008 when the company, along with much of the auto industry, was in dire straits.14

Martin Schoeller, “Elon Musk’s Road to Riches: Behind the Billions,” Forbes, October 3, 2023, https://www.forbes.com/sites/forbeswealthteam/article/elon-musk/?sh=60e9439526af (accessed April 1, 2024).
Tesla finally started turning financial profits years later and, under Musk’s leadership, became the most valuable car company in the world based on market capitalization.15
The only other American billionaire among the 10 richest who was not the founder or co-founder of his primary company is Steve Ballmer. Ballmer was an early Microsoft employee (number 30) whose initial compensation package included a $50,000 salary and a share of company profits. Ballmer later exchanged his profit-sharing clause for an 8 percent stake in the company. Ballmer would later take over from Gates as company president. George Anders, “Long-Ago Twist Yields Ballmer a Fortune in Microsoft Stock,” Forbes, September 30, 2014, https://www.forbes.com/sites/george...a-fortune-in-microsoft-stock/?sh=77fe5da836a5 (accessed March 28, 2024).



The world’s 10 richest men made their fortunes from their businesses. If not for these 10 men, the companies they are known for would not exist or would be nothing like we know them today. The 10 panels in Chart 1, which shows time series plots of the net worth of billionaires with the market value of their primary companies, offers a striking visual representation of the extent to which the billionaires made their fortunes from their businesses and how closely tied the billionaires’ wealth is to their companies.

The Wealth of Billionaires: Where It Came From, Where It Is, and Why It Matters

Is the economy a zero-sum game? When the rich get richer, does that come at the expense of everyone else? Much political discourse is predicated on this idea. The common term “wealth distribution,” for example, invokes the idea that there is a fixed quantity of money that policymakers must...

www.heritage.org

I don't like your sources so I win.

 

[Nostra]

I don't like your sources so I win.

Yeah, your lefttard opinion piece has no data, unlike my Berkshire source, Simp.

You do nothing but lose…….because all you do is lie.

 

[sealybobo]

Yeah, your lefttard opinion piece has no data, unlike my Berkshire source, Simp.

You do nothing but lose…….because all you do is lie.

From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.

Biden was great.

 

[Nostra]

From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.

Biden was great.

So?

WTF does that have to do with your lies, Simp?

Oh, and Biden;s first budget didn’t kick in until Sept 2021, so how do you give him credit?

 

[sealybobo]

So?

WTF does that have to do with your lies, Simp?

Oh, and Biden;s first budget didn’t kick in until Sept 2021, so how do you give him credit?

I don't give a fuck.

From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.


Anything good that happened in this time give Biden credit. Anything bad, was Trump's fault. And before you go making fun of me realize that Trump actually said that about a month ago. He's a fucking idiot! Like you!

 

[Nostra]

I don't give a fuck.

From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.


Anything good that happened in this time give Biden credit. Anything bad, was Trump's fault. And before you go making fun of me realize that Trump actually said that about a month ago. He's a fucking idiot! Like you!

Thanks for touting even more Trump WINNING, Simp!

 

[sealybobo]

Thanks for touting even more Trump WINNING, Simp!

Actually, Trump's policies are making our home values go down.

Widespread Monthly Declines: In April 2025, over 60% of U.S. counties saw month-over-month declines in home values.

So no you are wrong. The value of our homes and 401K's went up on Biden's watch. We know the stock market tanked because of Trump and now YOU know home values are going down. Your home is worth less. Oh I forgot, you rent.

 

[Nostra]

Actually, Trump's policies are making our home values go down.

Widespread Monthly Declines: In April 2025, over 60% of U.S. counties saw month-over-month declines in home values.

So no you are wrong. The value of our homes and 401K's went up on Biden's watch. We know the stock market tanked because of Trump and now YOU know home values are going down. Your home is worth less. Oh I forgot, you rent.

My home value is up, but then I don’t live in a shithole blue state successful people are fleeing.

 

[sealybobo]

Thanks for touting even more Trump WINNING, Simp!

I'm glad Trump didn't break our economy

The US stock market has steadily rallied in the last two months as President Donald Trump has softened his initial plan for sweeping tariffs. After the S&P 500 tumbled to the precipice of a bear market in early April, the index has rallied more than 20%.


TACO

 

[Crepitus]

Looks like we have another example of Crepitus being his normal lying sack of vermin shit.

Nope, I don't go on searches to provide proof to idiots who won't read it anyway.

 

[Crepitus]

My home value is up,

YOu haven't checked lately.

 

[Nostra]

Nope, I don't go on searches to provide proof to idiots who won't read it anyway.

I accept your admission you are a lying sack of vermin shit.

 

[Nostra]

YOu haven't checked lately.

Sure I have, Simp.

 

[DukeU]

Now I see the plan. This is why you are anti education. You want us to stop going to school after high school so we can work your farms. You guys are taking us back to a time when the nobles ruled the rabble.

More lies.