MR Mister wrote:
You can make stupid claims all you want. I will tell you a fact, you're going to living under Trump for a long time. Let that sink in.
Only a possibility. Not a fact.
A possibility that is becoming less possible each day.
Just how stupid do you think most people are?
How much longer are the people going to go into debt to keep the economy looking good.
When those costs come due the possibility of a recession grows.
When do people stop taking on more debt?
I don't have any debt. & I am not going to spend my savings as long as Trump is in office.
I watch for the hard pressed deals out there.
I am a big fan of BOGO.(Buy on get one)
Using my money to take advantage of these deals means I for the most part live on my social security.
My income other than social security is so low that most of my social security don't count as income.
I have a very low tax obligation.
Our economic system seems to provide resections from time to time.
That is a time to increase investments.
This works out fine for buying cheap.
When the economy improves you sell your gains.
I didn't make the rules but I can follow them.
I am just a small player in the game.
There are bills that keep going up.
The money I save in taxes covers that.
So just say I have assets but I am living poor.
Many have to live poor.
If you can live with out a lot of wants it is not hard to get by.
There are those today that are doing well.
There are more that are not doing as well as they would like.
There are tax laws that favor money earned on investments more than money paid in wages.
There is a failure by many to see if there is more money in the hands of the consumers more of what is produce will be sold. ( A healthy economy)
The system is top heavy.
Most of the money ends up in only a few hands.
Where a lot of that extra money buys favorable tax laws.
Now we have a lot of misinformed people that think this is the way it should be.
While claiming the people with out assets are the ones stealing their money.
Money that fuels the market place.
The idea that make the product (Supply side economics) & the economy will be fine
The thing that is wrong with that system is that with out enough money in the hands of the buyers (Who provide the demand side of economics.) More of what is made is unsold at prices that provide a reasonable profit.
So supporting a system where investment money that earns money is taxed more favorable.
The burden of supporting the economy falls on the hands of those that have the least.
In many ways it is the middle class that carries that load.
So stop & realize that if you are a middle class business owner how is the banks having more. Helping your bottom line?
Leaves less money to support a healthy economy.
I bring that up because many in the middle seem to think they are not ending up with their fair share.