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onenote

(46,066 posts)

70. in other words you were wrong about stocks being a lousy investment

Reply to eridani (Reply #67)

Wed Dec 24, 2014, 07:18 PM

Dec 2014

but can't bring yourself to admit it.

And you've changed the metric from average family income to hourly compensation.

Click here to purchase valentine hearts!

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Congratulations, rich people! [View all] MannyGoldstein Dec 2014 OP

Well now it can "trickle down"... SomethingFishy Dec 2014 #1

The only thing that's going to trickle down is the sweat Cleita Dec 2014 #3

Don't I know it... SomethingFishy Dec 2014 #5

After the first house and jet, it seems there should be a high luxury tax Cleita Dec 2014 #6

I've pretty much given up on myself... SomethingFishy Dec 2014 #7

I agree with everything in your post. I too would like my kids to have a better shot than I have had liberal_at_heart Dec 2014 #26

Lobbying politicians works! highmindedhavi Dec 2014 #2

I like rightwing ideology, myself. I cant get enough of trickle down... NoJusticeNoPeace Dec 2014 #4

My father in law GummyBearz Dec 2014 #27

a 'democrat' ticket? Democrat is a noun. Democratic is an adjective. 'ticket' is a noun. NewDeal_Dem Dec 2014 #39

Thanks GummyBearz Dec 2014 #45

my choice not to capitalize to type faster is a little different from the republic party's choice NewDeal_Dem Dec 2014 #58

Uhuh... GummyBearz Dec 2014 #64

uhhuh NewDeal_Dem Dec 2014 #65

It is GREAT for union run pensions as well. Some good at least. nt kelly1mm Dec 2014 #8

Until Wall Street figures out TBF Dec 2014 #18

The Multi-Employer Plans that just got offered up for cuts are not accessable by any one company Bluenorthwest Dec 2014 #57

Today's commercial from the Street - TBF Dec 2014 #66

He's still behind FDR and Clinton in stock market performance. n/t pampango Dec 2014 #9

remember if you are rich or poor olddots Dec 2014 #10

This message was self-deleted by its author Fred Sanders Dec 2014 #11

Thanks, Manny Thespian2 Dec 2014 #12

How many years has it been stuck at 1.7% now? This is how they are defunding SS. They haven't cut it liberal_at_heart Dec 2014 #30

Yes. You too can turn your backs on your fellow Americans when you're rich! stillwaiting Dec 2014 #13

Market gains benefit anyone with a retirement account, be it pension or 401k. (nt) TacoD Dec 2014 #14

The average American 401(k) has around $80,000 in it. liberal_at_heart Dec 2014 #15

Not sure how that rebuts what I said. (nt) TacoD Dec 2014 #16

Just that the fact that the DOW is at 18000 helps the rich people about a thousand times liberal_at_heart Dec 2014 #17

some people make out like bandits, others get bones tossed at them Skittles Dec 2014 #33

And then they get scolded for being insufficiently grateful Orrex Dec 2014 #60

That's B.S. Ineeda Dec 2014 #19

Well you can be grateful all you want. I don't have to. liberal_at_heart Dec 2014 #21

People will be fine? Or you will be fine? Rex Dec 2014 #29

I'm just as horrified and angry as most Ineeda Dec 2014 #31

see post #20 Skittles Dec 2014 #34

True, but Ineeda Dec 2014 #49

you are completely misreading Skittles Dec 2014 #68

Perhaps I am being misread. Ineeda Dec 2014 #69

they understand non-rich people benefit from the stock market Skittles Dec 2014 #71

Yes, I get that. n/t Ineeda Dec 2014 #77

Yup - house and pension (or now 401K) TBF Dec 2014 #20

and i'll bet the median 401k has even less. NewDeal_Dem Dec 2014 #40

The Median annual income for wage earners is just above,,, Cryptoad Dec 2014 #24

Only at the time of withdrawal. The "market" is made up of bubbles and bursts. rhett o rick Dec 2014 #63

Everything is great, don't you know, the stock market is the only thing that matters! dissentient Dec 2014 #22

careful Skittles Dec 2014 #35

Please don't pet the Turd Way. L0oniX Dec 2014 #56

Trickle , Trickle Trickle,,,,,,, Cryptoad Dec 2014 #23

Yep - they are dancing in the streets. maced666 Dec 2014 #25

The Big Supply Side Lie colsohlibgal Dec 2014 #28

Golf was particularly good today. moondust Dec 2014 #32

And keep believing you can work your way up to the level of "rich" all by your lonesome lonestarnot Dec 2014 #36

They. Red to be thanking you, du, and democratic voters everywhere Township75 Dec 2014 #37

so when the market goes down, we should be happy? onenote Dec 2014 #38

In the 50s, stocks were a lousy investment eridani Dec 2014 #41

Lousy Investment? From 1950 to 1960 the Dow Jones increased by 250 percent. onenote Dec 2014 #51

From 1950-1970 investment return was 13%, but wage growth was 100% eridani Dec 2014 #67

in other words you were wrong about stocks being a lousy investment onenote Dec 2014 #70

Compared to having a good job, yes. No one working for wages can afford capital investment, unless eridani Dec 2014 #72

Many DUers seem to be rooting for a 1929 style crash. Nye Bevan Dec 2014 #42

Many DUers want it to happen so they can blame Obama Capt. Obvious Dec 2014 #50

Bullshit. progressoid Dec 2014 #53

+1 L0oniX Dec 2014 #55

LMFAO L0oniX Dec 2014 #54

You think I'm happy I've had to dip into my 401(k)? liberal_at_heart Dec 2014 #78

The lower the DOW, the higher our chance of honest democracy. raouldukelives Dec 2014 #47

No one is saying we should be happy of the market goes down. progressoid Dec 2014 #52

Screw the unions! brooklynite Dec 2014 #43

Uh, Manny? One question... brooklynite Dec 2014 #44

Spend it on your dog. Or buy a politician. Autumn Dec 2014 #74

Take it to the next salon meeting. Nt benz380 Dec 2014 #75

I think I'll look first thing in the morning madokie Dec 2014 #46

DOW 18000 Jesus Malverde Dec 2014 #48

I'm still in the hole from where I was on December 1st. Thankful though it's B Calm Dec 2014 #59

And yet you have said you make a few hundred grand a year, you support a candidate who says Bluenorthwest Dec 2014 #61

How did it affect you, Manny? MineralMan Dec 2014 #62

Give all the toys to the little rich boys... adirondacker Dec 2014 #73

Not rich but thanks for all your well wishes Manny! GOLGO 13 Dec 2014 #76