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Old 12-24-2016, 08:40 AM
 
33,012 posts, read 27,577,930 times
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Quote:
Originally Posted by vision33r View Post
The 1% gets richer under any system. They can change investment allocation easily to match any political party changes.

However Obama has been hurting the middle class each year and spread income inequalities beyond automation has done.

Why didn't he do a Robin Hood and make the rich pay for health insurance? He knew he couldn't because he is owned by the rich. Just look at who's who that supports him and donates to him.

If Hillary wants to blame Comey, also blame Obama. Because he is the one that extracted so much taxes from the middle class to give it to the poor.

Personally, I think they should get a job.
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Old 12-24-2016, 08:43 AM
 
33,012 posts, read 27,577,930 times
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Quote:
Originally Posted by finalmove View Post
Sounds like you need a little self examination. When you get a good job, you too can start investing and building wealth.
Saving, investing and compounding over 30-years brings remarkable results.

The Stock Market isn't for amateurs, but allows anyone to participate in our economy via risk and reward.
The price of housing has a direct correlation to the local economy. Young people do buy houses every day.

Everyone that lives in Seattle doesn't own a $4M home. Plenty of people live in nice $600K homes. Nothing to be ashamed of.
If you aren't there yet, just work harder and most importantly, marry a woman that's smarter and more talented than you.

Violence always ends badly for those that try to circumvent the rules of the game.

So which is it? Can burger flippers participate in our economy or not?
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Old 12-24-2016, 08:46 AM
 
33,012 posts, read 27,577,930 times
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Quote:
Originally Posted by petch751 View Post
Actually if you start and run a business and serve your customer well you will be rewarded with more business which results in more wealth. Unlike the government who can FORCE people to do or buy things and they don't have to do a good job.

If you have no capital, that's kinda unlikely.
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Old 12-24-2016, 08:48 AM
 
7,864 posts, read 10,361,344 times
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Quote:
Originally Posted by NewbieHere View Post
Under Obama, yes.
has the stock market ever increased more under any other president ?

since obama took office , the dow and s + p have trebled , i dont think it performed like that even under clinton due to the heavy sell off from mid 2000 on
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Old 12-24-2016, 09:37 AM
 
33,012 posts, read 27,577,930 times
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Quote:
Originally Posted by irish_bob View Post
has the stock market ever increased more under any other president ?

since obama took office , the dow and s + p have trebled , i dont think it performed like that even under clinton due to the heavy sell off from mid 2000 on

QE-infinity is amazing, isn't it?
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Old 12-24-2016, 11:27 AM
 
Location: Houston
26,979 posts, read 15,959,139 times
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Bill Gates is worth billions and we all are wealthier in one way or the other because of it.
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Old 12-24-2016, 12:01 PM
 
Location: PSL
8,224 posts, read 3,522,562 times
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Quote:
Originally Posted by snufftherooster View Post
Thanks to Trump. "Prove it" you say? It's called the Stock Market Casino and it's participation is by and large only the top 10% of Americans.

At the same time news is out that young people can't afford to buy their own homes anymore once they become adults. News is also out that violence has been shown over history as the most effective and used response to re-balance inequality.

So how long until this whole house of cards comes tumbling?

Facts Again - top 10% are richer. Young people can't afford to buy houses. Violence proven in history as means cultures re-allocate wealth.
I bought a house while I was going to college and paid it off in 5 years.

Stop the non sense. It's called using common sense. You don't jump into college right out of highschool. You work, you pay for your tuition in cash without burying yourself in student loans, you buy a house with the owner holding the mortgage, beat the bank out of interest for student loans and mortgage. House was paid for when I was 25. I'm 29 now. Since I've sold it and moved to Florida. Guess young people can't buy houses... Or invest money wisely either. At 27 I cleared 97k a year turning wrenches in ford dealership, and flipping used cars for profit. Hauling scrap when the scrap prices were up. Amazing what not being lazy or studying for a Liberal indoctrinated college degree will do for you...

Best part, about it. All through highschool I worked with various different trades... When I bought my house at 20, it needed a roof and some other work... Did it all by myself from what I learned working with roofers, general contractors, electricians, and plumbers... Not come home sit on a video game for hours like other kids my age.

My pockets are going to get bigger but then again I'm a top 10%? Yet I do blue collar manual labor...
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Old 12-24-2016, 12:14 PM
 
33,012 posts, read 27,577,930 times
Reputation: 9074
Quote:
Originally Posted by NY_refugee87 View Post
I bought a house while I was going to college and paid it off in 5 years.

Stop the non sense. It's called using common sense. You don't jump into college right out of highschool. You work, you pay for your tuition in cash without burying yourself in student loans, you buy a house with the owner holding the mortgage, beat the bank out of interest for student loans and mortgage. House was paid for when I was 25. I'm 29 now. Since I've sold it and moved to Florida. Guess young people can't buy houses... Or invest money wisely either. At 27 I cleared 97k a year turning wrenches in ford dealership, and flipping used cars for profit. Hauling scrap when the scrap prices were up. Amazing what not being lazy or studying for a Liberal indoctrinated college degree will do for you...

Best part, about it. All through highschool I worked with various different trades... When I bought my house at 20, it needed a roof and some other work... Did it all by myself from what I learned working with roofers, general contractors, electricians, and plumbers... Not come home sit on a video game for hours like other kids my age.

My pockets are going to get bigger but then again I'm a top 10%? Yet I do blue collar manual labor...

Burger flippers certainly can't buy houses.
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Old 12-24-2016, 12:31 PM
 
Location: PSL
8,224 posts, read 3,522,562 times
Reputation: 2964
Quote:
Originally Posted by freemkt View Post
Burger flippers certainly can't buy houses.
So who's the idiot? There are plenty of opportunities for teens and young adults to learn valuable skills and trades. If they can't make the initiative or refuse to get up early to work long days, or want to rot their brains on video games... That's on them. There were plenty of contractors, masons, roofers, electricians, plumbers, HVAC, etc looking for apprentices. Those that go to flipping burgers doom themselves in and it's their fault for not wanting and trying for better. Best part is when they go making babies without the means to support them... My generation and younger generation is completely utterly stupid and unrealistic.

Want that big house and new car in the driveway, but don't want to take the initiative to make that a goal or a reality, because it involves hard work.

Can't say there aren't opportunities. They may not be as abundant like they were for my parents generation but they are out there... If you want 15 an hour and be young, it isn't going to be had by asking if you want fries with that, punching keys on a cash register or stocking shelves in the grocery store...
And most certainly won't be obtained with a degree in liberal arts...
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Old 12-24-2016, 01:39 PM
 
Location: Living rent free in your head
42,831 posts, read 26,567,352 times
Reputation: 34098
Quote:
Originally Posted by whogo View Post
Bill Gates is worth billions and we all are wealthier in one way or the other because of it.
I would love to hear the explanation for that claim
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