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#6441
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I have an idea lets all just not pay our debtors at the same time.
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#6443
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I'm just saying, it seems a lot like these democrats like AOC and Pelosi who are all for the middle class and taxing the rich, aren't actually doing it and are in fact making wall street and their billionaire friends even richer. I have a strong feeling that if you look it up, the wealth gap between low to middle and high income earners has significantly increased this past year. And what this administration has done about it so far is jack up the stock market, the housing market, and now is getting the IRA to look into $600 transactions so they can make up all this money from high income earners because you have to be hella rich to make or spend $600 and then they go on CNN and tell you their new plan will cost you zero dollars and Pelosi is having a press conference this morning talking about how her bill needs three baskets and one of the baskets is for moral reasons while she invests in Microsoft right before congress gives them a big military contract and shoots their stock sky high. I gotta go
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#6444
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Let's go Brandon!
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#6445
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Well it honestly wouldn't surprise me if the upper middle class gets a bit hammered. Because they always do on taxes -- that's why the majority of the white ones were republican forever.
Enter this new realignment that has been taking place. They were sick of paying for a government that rewards mostly the rich and and big corporations. They don't necessarily care about small business -- it depends on whether they own a small business. Put another way: this economy is set up to give everything to those that own the means of production. The middle class is mostly identified by their choice of comfort and a balanced life, over relentless financial climbing. They can't preserve their class as it exists unless they create structures and identities that stand up against capitalism. Democrats are gonna help them do this -- at least that's the idea. They want to preserve their ability to have low effort high pay employment, not need to save or invest that much, and to be confident their kids will do even better without having to be a climber. So that's probably the reason some are putting up with more spending and taxes. From an abstract macro view. A lot of the democrat platform is tailored to them. The poors are pretty much cucked atm. | ||
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Last edited by JurisDictum; 10-12-2021 at 07:51 PM..
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#6446
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Quote:
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#6447
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Quote:
Investing it in “Wall Street” is not a terrible thing on its own. Innovation requires investment. Innovation might be able to solve some very serious problems such as transportation, supply, even things like pollution. We need to keep funding the leading edge of technology not just for our gadgets but for our country’s problems I don’t have a huge problem with the super wealthy risking their money in investments in Wall Street tbh | |||
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#6448
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Quote:
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#6449
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Quote:
It was obviously a joke but he's low IQ | |||
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#6450
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The one thing the wealthy are doing for us right now, is investing most their money. In this country we have extremely liquid markets. Investment quickly pours into any potentially good idea. Musk -- and ill do a write up why i hate his guts when I'm up for it -- does show how a electric car company goes from nothing to dominating all the old auto companies around the world incredibly fast. It can't happen without these kinds of markets.
You can do big things without markets. In fact most the really big stuff is done by governments. But for typical products and innovation -- you need the private sector strong. The question is: how do we preserve all these market advantage as much as possible -- while dealing with the kinds of problems this sort of market creates? I honestly think the answer lies in taxation of personal wealth in the end. The nose will eventually close around the high end tax dodgers. If nothing else because at some point even the rich lose common cause with the .05% or whatever. | ||
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