HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Maybe explain to trump* f...

Fri Dec 20, 2019, 04:51 PM

 

Maybe explain to trump* folks - stock market rise screws you as a worker?

Most trump* supporters that I know (UP of MI) are poor workers that don't own any stocks or bonds. Some of these uninformed are screaming about how high the stock market has gone up under trump*. Please explain that investors/profiters rarely give anything to the workers in a Capitalist system out of control.

7 replies, 686 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 7 replies Author Time Post
Reply Maybe explain to trump* folks - stock market rise screws you as a worker? (Original post)
Miigwech Dec 2019 OP
lame54 Dec 2019 #1
Hermit-The-Prog Dec 2019 #2
panader0 Dec 2019 #3
MichMan Dec 2019 #4
panader0 Dec 2019 #5
onethatcares Dec 2019 #6
pwb Dec 2019 #7

Response to Miigwech (Original post)

Fri Dec 20, 2019, 04:59 PM

1. Like Bush's Potempkin Stock Market?...

That inevitably crashed

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Miigwech (Original post)

Fri Dec 20, 2019, 05:25 PM

2. Republicans love the uninformed ...



This is from:



You can also see several, plus discussion, in kpete's thread on Reagan

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Miigwech (Original post)

Fri Dec 20, 2019, 05:31 PM

3. 90% of stocks are owned by 10% of people--the upper 10%.

No one I know has stock.
I never understood why Wall Street was such an "indicator" of our
economy. For the rich, yes, but for the common man or woman it
doesn't mean much. It's like looking in a window at what all the swells are
having for dinner.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to panader0 (Reply #3)

Fri Dec 20, 2019, 06:56 PM

4. You dont know anyone with a 401k or IRA ?

I know quite a few besides myself that have invested their retirement savings in stock funds

Reply to this post

Back to top Alert abuse Link here Permalink


Response to MichMan (Reply #4)

Fri Dec 20, 2019, 07:13 PM

5. Yeah, I know one lady with an IRA, not stock per se.

All the rest are old construction guys. No nothing except SS, if that.
Believe it or not, there's a big part of the US that lives like that.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to panader0 (Reply #5)

Fri Dec 20, 2019, 07:22 PM

6. yeah, unless they saved their pennies

most construction guys got nothing. It's always boom/bust. three months of everyday work, six months of none, If they were lucky enough to work for a company that actually deposited their SSA funds they might have a little.

In construction there ain't no IRAs, keoghs, or that fancy librul stuff. Everyone wants all their money now.

I am one of those guys, so I do have an inkling.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Miigwech (Original post)

Fri Dec 20, 2019, 07:30 PM

7. Net Income all goes to profits. Wages stay stagnant.

I do not share in profits anymore but when i did it was hundreds of dollars a year hardly noticeable .

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread