toomuchtime_
Gold Member
- Dec 29, 2008
- 20,920
- 5,644
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You really should cut out all this class warfare bullshit because it has no application to today's America. Who benefits from higher corporate profits? If you own mutual funds or have a pension or an IRA, you do because your retirement savings are invested in those corporations enjoying those higher profits.Here is how stupid Americans are. The rich are doing great. Never been better. Other than workers are asking for more money. That would cut into the profits. Can't pay more. They can pay the CEO and VP's a lot more but not the workers. That's asking too much. Not good for profits/shareholders. Makes sense right?
So Trump ran on he's going to fix inflation. He's going to lower costs. How? Drill baby drill. That's what he said every time he was asked how. Drill baby drill. Okay but what about
Walmart And Lowe's Warn That Trump's Tariffs May Cause Price Hikes
"There probably will be cases where prices will go up for consumers," Walmart's CFO said.
Uneducated blue collar workers who voted for Trump, ya fucked yourselves. Think Biden wasn't good enough to you? You'll see.
I'm just going to thank god I have more money than the median American.
Household wealth swelled at a record pace during the pandemic. 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.
If you’re a 50-something and you’re not worth a cool $1 million, do not despair. Those numbers are averages, and the super-rich drive them waaaay up.
50-somethings
I'm not in the Average but not in the Median either. Sort of in between. I expect to have $1 million before I hit 60. Maybe $1,200,000? Maybe $1,400,000? That would be great.
- Average net worth: $1,132,532 (ages 50-54), $1,442,075 (ages 55-59)
- Median net worth: $272,800 (ages 50-54), $320,700 (ages 55-59)
Trump says he will impose tariffs to try to keep good paying manufacturing jobs in America, and the Dems say but that will cause you to pay more for some items. In other words, Trump wants to keep your job from being exported to China and the Dems want to help you save a few dollars on your next TV; who would be stupid enough to vote for the Democrats?