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I'd say that was true for my first 20 years. I'd question if it was true for the last 20. Depends when you got in and when you get out. Sound investing principles can get swamped by short term trading and that is what has ruled the markets in the past few years.
No doubt we do have a lot of people on the dole here. Out of the total, I'll call them Mitt's 47%, the majority are not the welfare class everyone wants to think they are. Sure we do have a welfare class and it needs to be addressed but the 47% is a lot bigger than that. Anyone who argues that you just quit feeding ...more
Bear.. You are correct. Trickle down does not work. The rich have no incentive to give the non-rich anything. Since the tax laws were changed, wealth has concentrated, not trickled down. Jobs have trickled down to Vietnam, India and China. Other than government produced bubbles, our middle class has been going ba...more
The majority did not think past the shallow, idiotic, swill, that was this campaign. Mitt brought no facts and stepped on his d--k too many times. I'm not an Obama fan but shame on the GOP for not coming up with a better candidate.
As Steve and VL said, it depends on the US reviving economically and congress is not even discussing that yet. We need to reverse Ross Perot's "big sucking sound" and pull back all the jobs we let go overseas. Our rich won't be quite as rich, we will all pay a little more for things, we'll have smaller houses, we'll...more
AP. I agree. If they are hoarding money it's because there is no profitable place to put it. With the FED propping up the market, it isn't even a good time for stock buybacks. Truthseeker, you are also correct in that the good corporate profits have come from unsustainable sources.
Not sure if Obama wants to...more
Unfortunately is takes a cliff to fix the problems we have. When people say they don't want to go over the cliff they are just arguing for a postponement. It is inevitable......dear Neo. Historically we have had a huge war or some other form of pestilence to reduce the population. The ones that are left do pretty ...more
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