The Democrat Primary Race Is Filling Up

[Alpo]

This is funny. Gets called out for making an outrageous claim and asked to prove it.
This is the response?

As Monte Walsh said: You cain't have no idear how little I care.

You guys with the troll signs....seems to me you spend most of your time trolling.

 

[BugI02]

Just ask GHWB. An economy that was perceived to be doing poorly equated to a 1 term Republican getting unelected by a middling Democrat.

Average length of a correction is 5 months, so see you in August. I guess you'll have to hope for a bear market and lots of corona virus death because Trump is vulgar and mean and makes you look bad or something

 

[Alpo]

Nice people don't hope for bear markets. But, we've been in an expansion for quite a long period.

If production and supply chains suffer more than a few more weeks, I don't think you can use historical data on corrections to support your position. This could be something much different.

 

[Doug]

Whatever you think of Prager, the illustration makes a good point.


Under Socialism, only the political leaders live well while the vast majority struggle.
Those who prefer equal outcomes regardless of effort will be miserable if someone does better than they do.
That's why they stopped talking about poverty and started talking about income inequality. It doesn't matter how much they have; it only matters if someone else has more.

 

[2A_Tom]

This is funny. Gets called out for making an outrageous claim and asked to prove it.
This is the response?

That is common.

 

[Alpo]

Blue Falcon: urban dictionary has ya down pat.

 

[Alpo]

Under Socialism, only the political leaders live well while the vast majority struggle.
Those who prefer equal outcomes regardless of effort will be miserable if someone does better than they do.
That's why they stopped talking about poverty and started talking about income inequality. It doesn't matter how much they have; it only matters if someone else has more.

I think many economists have expressed concern about wealth concentration. You don't need to be a socialist to be concerned. Personally, it isn't likely to affect me or my kids. But sometimes one must think beyond the boundaries of one's family and recognize that the long-term effects of wealth concentration is slavery.

 

[2A_Tom]

I did not report that.

You have no idea what you are talking about.

 

[GodFearinGunTotin]

I think many economists have expressed concern about wealth concentration. You don't need to be a socialist to be concerned. Personally, it isn't likely to affect me or my kids. But sometimes one must think beyond the boundaries of one's family and recognize that the long-term effects of wealth concentration is slavery.

Exactly. That’s what happens under socialism and crony capitalism. And those that are the beneficiaries will do everything they can to maintain that status quo.

 

[BugI02]

As Monte Walsh said: You cain't have no idear how little I care.

You guys with the troll signs....seems to me you spend most of your time trolling.

But if they're using an electric motor, don't the get a green new deal/Paris accords pass on the trolling?

 

[BugI02]

Blue Falcon: urban dictionary has ya down pat.

Are you dead-naming 2A_Tom?

Thought that was a big no no on your side of the divide

 

[Hatin Since 87]

This is funny. Gets called out for making an outrageous claim and asked to prove it.
This is the response?

LOL, yep. Easier to put him on ignore, but you guys keep quoting and forcing me to read his nonsense. That’s 3 times in the past few days he’s been quoted telling someone else to do the research.

Clinton was banging a underage Russian girl for electoral interference. Where’s my evidence? Do your own damn research!


Biden doesn’t have a chance in hell. Even if the economy tanks, everyone knows it’s over the coronavirus and a socialist running. Trump is breaking records this election already, and it doesn’t even matter yet.

 

[SheepDog4Life]

Interesting chart. If you look at actual numbers rather than those put out by a bogus university, the actual chart looks more like the socialism chart. Top guys with all the money. Everyone else.....peanuts.

But, hey. What do you expect from Russkies running a bogus university?

1 in 8 US households have a net worth of $1 Million or more. More millionaires means more wealth inequality... it's math.

Socialism doesn't have that problem.

 

[Dead Duck]

Yes....
Follow the money and do your own research.



Going to CNN is not research.

 

[Alpo]

1 in 8 US households have a net worth of $1 Million or more. More millionaires means more wealth inequality... it's math.

Socialism doesn't have that problem.

I don't disagree with your number. It is in the ballpark.

But it doesn't speak to wealth concentration very well. As, Paul Harvey would say: The rest of the story.

View attachment 84834

 

[Hatin Since 87]

Yes....
Follow the money and do your own research.



Going to CNN is not research.

But cnn is the only source that agrees

 

[BugI02]

1 in 8 US households have a net worth of $1 Million or more. More millionaires means more wealth inequality... it's math.

Socialism doesn't have that problem.

Yesss

1.3% of Russians are millionaires, or 1 in 77

0.3% of ChiComs are millionaires, or 1 in 333

 

[churchmouse]

 

[nonobaddog]

Looks like you are getting ready for the biden debate on the ides of march.

 

[SheepDog4Life]

I don't disagree with your number. It is in the ballpark.

But it doesn't speak to wealth concentration very well. As, Paul Harvey would say: The rest of the story.

View attachment 84834

Folks who think they can make a "career" preparing fries and coffee for others will never have any wealth to speak of...

The "wealthy", those in the top 10%, 1%, etc have their wealth invested in financial instruments that have recovered and done very well since the financial crisis... well until very recently (the stock market reaction to corona). The middle quintiles, the middle class, overwhelming has their wealth accrued in home equity. Housing prices have not fully recovered. When and as they do, we will create more millionaires, and more millionaire households as a percentage of the populace...

And, the wealth inequality index will... go up even more.

As the percentage of millionaire households increase from 12.5% to 13%, 14%, hey let's hope 15%.... yay, right!?!?! Or not?

As the net wealth needed to be in the top quintile (the top 20% for the non-math types) increases from the current $500,000 to $600,000 or $700,000.... wealth inequality will GO UP!

And this is a bad thing?

ETA: Nothing wrong with starting (I had two earlier in life) at a minimum wage job... but if one has no ambition beyond that, please don't expect ot accrue wealth.