orange man = bad economy
- Thread starter UCFWayne
- Start date
Hey look - a post full of lies and bullshit.
First off, wealth is not finite. I know you idiots think that but it's not true. If a stock goes from $10 to $20 due to a blowout earnings report, it's not "stealing" wealth from something else, it is organically generating new wealth. So if a wealthy person makes an investment and their net worth goes from $10M to $20M, it has absolutely no impact on anyone else. There is no "theft" of wealth taking place.
Second, you absolutely lie when you say those wealthy people don't pay taxes. Just total bullshit. In fact, almost ALL of our individual income taxes are paid by people in the Top 5% of wage earners. They're paying almost the entirety of all taxes in this country.
We currently run the largest and most expensive social safety net in human history. The idea that we just need to quadruple this to be "equitable" is just asinine and forged from lies as presented in this post from Shook Chicken.
Amazon paid $0 in taxes
Amazon was a net negative employer.
Amazon crushes small business who use it as a platform.
Amazon buys robots instead of employing people.
The fact that a company like Amazon can exist without using any loopholes or breaking any laws means we are incenting businesses to go this route. It's automation that's causing the issue.
If every Sears employee just went to work at Amazon it wouldn't be an issue. The problem is the Sears employee lost their job and Amazon bought a robot.
You didn't say that, 85 did here:
It's like an industry standard retirement beanchmark goal for financial advisors. I'm going to go out on a limb and guess that you've never met with one?
Excuse me. I was quoting 85 in the post you're talking about before you interrupted. Why don't you rattle your head around and see if you can find a way to pay attention to what's being said and to whom.
You deal in lies and bullshit more than anyone I've ever seen. Honestly.
$2M may be a "benchmark" but it's EXTREMELY RARE when it comes to Americans actually having that much put away in retirement. Here is from CNBC citing a study that actually looked at this:
According to the Economic Policy Institute (EPI), which looked at the state of American retirement in a 2016 report, the top 1 percent of families had $1.08 million or more saved in 2013.
The 90th percentile family had $274,000 saved, and the 80th percentile family had $116,000. Meanwhile, the median working-age family had only $5,000 saved in 2013.
So basically, this puts your beloved grandparents into the Top .5% of all Americans with $2M in retirement saved or invested.
And while I am actually very happy for them and am happy to hear they achieved so much in life and did the right things to save that much, you have already professed your hatred and scorn for the wealthy in this country, so I can only assume that you detest your grandparents, think they didn't really earn that $2M in retirement savings, and will immediately demand that they be punitively taxed to death to redistribute that money to others. Like any good socialist would do, whose life revolves around butthurt and envy of wealthy people.
you are so full of crap. i bumped this old thread with new information and you wrongly tired 85 quotes to me. you really do have a problem
Read my above post with actual statistics from studies who have looked at this topic, then remember that Shook Chicken says stupid shit like this:
@fried-chicken one of my grandparents didnt have as much money saved up for their retirement. if i send you their name and address, do you think your grandparents would send them a check to redistribute some of their wealth to them?
Since he helped us prove that his grandparents are even above the Top 1% of Americans in this country with retirement savings, I think it's only fair. By using FC's own logic, they have way too much and need to be dealt some good ol fashion redistribution of wealth.
You act like your grandparents don't get social security. How do you think that works?
Socialism only for the old!
are your grandparents good moral people willing to share with the less fortunate or are they evil capitalist? if they are evil capitalists, do you have plans to do something about it?
I do actually. I plan on voting for my grandparents to give your grandparents money. You plan of voting against your broke grandmother. You should be ashamed of yourself. If you loved your grandma you would try to help her.
why not seize some of her evil capitalistic hoarded money and redistribute it to those in need? i hope you refuse to take any money or items after your grandmother passes. i think it would be better for you to convince your family members to abstain from her plundered wealth. instead you should donate the money to local charities. you could even sell of her estate and donate those proceeds as well.
Remember that time when FC claimed $2m isn’t a lot of money in retirement and I showed him that it constitutes being in the Top 1% of the country, and he ran away from that part of the debate?
![[roll]](http://l.yimg.com/j/assets/img/emoticons/classic/roll.r191677.gif "roll [roll]")
Thanks!!! This made my day!! I was like $2 million saved isn’t that great???
He’s an absolute liar and total fraud and he runs away when he’s exposed for the lying jackass that he is.
Right @fried-chicken ?
When is Fraud Chicken going to declare his grandparents as evil 1%ers and demand that they have their wealth stripped to give to others?
he should denounce his evil grandparents who stole from the production of others to amass such wealth. he himself has most certainly benefited from such evil crony capitalism. i imagine its hard for him to look himself in the mirror without alot of guilt.
Poor 85. Always getting attacked. Oh wait no he's the one attacking people repeatedly.
For the red hats on this board: the joke is that Trump's dad gave him 70 million in 1970's dollars (which trump lied about and claimed "only" $1 million)
I thought he inherited over 450M worth of Real estate which would mean he's actually lost money when adjusting for inflation.
For the red hats on this board: the joke is that Trump's dad gave him 70 million in 1970's dollars (which trump lied about and claimed "only" $1 million)
I'm just counting the actual cash "loan" (still never paid back, tax records would show this).
bUt wHy dO yOU nEEd tO sEe hIS tAx ReCOrdS?
Hmmm. I’ve actually taken home and saved more money last year than any other. My employees said the same. Economy is pretty strong in this household. Gas prices hit over $4.00 a gallon under Obama. You know, one of those things that “real folks” have to buy every now and then
Democrats can’t handle all of this winning, so they deflect to tax returns. Sad
Thank you President Trump
Democrats can’t handle all of this winning, so they deflect to tax returns. Sad
Thank you President Trump
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This. Gas actually hit 5.50 in San Diego under Obama. Just wait until this keystone pipeline is finished.
Won't make any difference. The ability to move oil has no impact on the price, its how much we extract
Yep. Back in the mid '00s I told my financial advisor that I thought I needed $2.3M net worth, about $1.8M in easily sold investments, to retire by 2035 and maintain a $30-50K/year post-tax, in 2005 dollars, so more like $100-120K/year, life style.
He was shocked I was around 30 and understood that.
I still cannot believe Millennials don't understand that, to retire in 2050+, they'll need more like $3-5M in net worth, just to live like I want to in 2035-2050. Most of them think anyone with a $1M net worth should have to pay a 3-5%/year 'wealth tax.'
https://www.wsj.com/articles/global-stocks-weaken-as-oil-prices-climb-11556006653
S&P 500 and Nasdaq Hit Closing Records
Earnings reports help boost stocks Tuesday, extending a Fed-fueled rally this year
The S&P 500 and Nasdaq Composite had their highest closings on record Tuesday, marking a resurgence for the stock market after a rout last year hampered its climb.
S&P 500 and Nasdaq Hit Closing Records
Earnings reports help boost stocks Tuesday, extending a Fed-fueled rally this year
The S&P 500 and Nasdaq Composite had their highest closings on record Tuesday, marking a resurgence for the stock market after a rout last year hampered its climb.
https://www.washingtonpost.com/us-p...-tariffs-cost-us-consumers-every-job-created/
Washing machine tariffs cost us a signifanct amount of money in 2018. So much...winning?
Washing machine tariffs cost us a signifanct amount of money in 2018. So much...winning?
i think his tarriffs are a fair critique. some have worked to get better deals, some havent yet and are hurting certain segments.
i know some of what im about to post are a little old, but man you are right, not much winning...
https://www.latimes.com/business/la-fi-job-openings-workers-20180605-story.html
There now are more job openings in the U.S. than unemployed workers to fill them
june 5 2018
https://www.marketwatch.com/story/us-job-openings-jump-to-record-71-million-2018-10-16
U.S. job openings hit a record 7.1 million, exceed number of unemployed Americans
october 16 2018
For the record I’m thrilled about the rebound of the market. I’m thrilled about unemployment and job growth.
What I’m not thrilled about are the insanely rapid growth of the overall deficit, the widening trade deficit, and the seemingly asinine tariffs that I genuinely believe will bite us in the ass soon.
What I’m not thrilled about are the insanely rapid growth of the overall deficit, the widening trade deficit, and the seemingly asinine tariffs that I genuinely believe will bite us in the ass soon.
I'm generally not a fan of tariffs however the time had/has some to do something about China. And while tariffs have had an impact here, they are having a WAY bigger impact in China and inflicting pain. Which is good, exactly what we want, and hopefully going to yield a new trade deal that has commitments from their side to stop stealing our technology, stealing our IP, stealing our future jobs, and dumping commodities illegally via 3rd parties.
The idea that we could keep doing the same thing with China over and over and expecting them to ever change had been exhausted.
