If you have enough money it makes everyone elses assets cheaper and you can snap em all up.
Plus all the olds who just lost a big chunk of retirement funds will have to keep working, which will drive wages down.
But good news! All that wealth we're creating will trickle down to us any day now.
/s /smh
If you invest now - it will. If not - then you'll get poorer.
Around 77% of Americans live paycheck to paycheck: https://www.prnewswire.com/news-releases/survey-reveals-majority-of-americans-still-living-paycheck-to-paycheck-302257819.html#%3A%7E%3Atext=SAN+ANTONIO%2C+Sept.%2Cin+a+competitive+hiring+market.%22. They don't have the spare money to throw in the market. Even if they had the money, they don't have the expertise to invest wisely. They cannot afford to throw money away on pump and dump stocks. 77% of Americans are screwed.
61% of Americans own stock https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx
And how much of that is in the form of a 401(k), IRA, or pension mutual fund? I'd wager greater than 90%. You don't have to know anything about the market to own these investments. I'm certain the number who actively trade or even check what they're invested in is quite small.
That's irrelevant.
You also need to time market for it. Felon Muskrat and other billionaire buddies can do that because of inside info. The magarats who voted for orange babboon cant.
Actually heard this yesterday. The brainrot going around is that big companies like Nike will be forced to move mfg back to the US so America can make things again. We'll, it's not going to work like that.... the corporations spent years gutting their American factories and sending them overseas because they don't want to pay a living wage. But the non informed folk apparently want their children to work in factories for 2 cents an hour and be forced to give birth to more factory workers who will by that time be little more than serfs.
That's not what they think. They think that employees in the US would get good wages and the cost of goods wouldn't change. They don't understand the simple economics behind moving a factory to a country with a low manufacturing overhead.
They would be the first to complain that Nike wages are too low and/or Nike trainers now cost too much. Nike would be accused of price gouging even when they would probably struggle a lot more to be profitable.
Is a have your cake and eat it situation. Oh and it's also worth noting that I expect almost all of the people who complain about manufacturing being overseas and not in the USA would not consider the jobs they want to bring home.
"There are plenty of other Americans who would do them, but i am destined for greater things than that"
You’re both right.
They want magic to happen. Jobs to magically appear in the US, prices to remain magically unchanged, wages to be American factory wages, and for all of this to happen now.
They completely disregard they’ve already drilled holes in the bottom of their fantasy boat with trump’s tariffs. All the materials and machinery needed to either build and establish American manufacturing, or grow American raw materials extraction, processing, refining, forging, and basic tech production would take a decade to spool up even with importing of outsourced resources; resources which trump has conveniently slapped tariffs all over making it cost prohibitive to even start building American self-sufficiency. But trump waved his magic wand, so the True Beleivers™️ are happy and trump can sling blame at China or liberals, or whoever else when his shittly lack of actual planning doesn’t fix everything.
Right, magas have 0 empathy so that's most of it. They don't think their children would be the ones making shoes in a sweatshop. Not saying it's right for it to happen in other countries either (i don't buy nike, but yes I have tech that was probbaly made by foxconn and we know how nice they are to employees). If nike moved to the US their shoes would be $300 , and the workers would make at most $13, which is not even close to enough to live on now.
There IS a theory to this. But it starts with the carrot, not the stick.
And Biden did this. Clean and renewable energy is inevitably going to shift above fossil fuels. For a while, China was going to be the biggest profiteer since they make all the solar panels. One goal of the Inflation Reduction Act was to bring solar manufacturing to America.
And, while many “making jobs” actions of the government are false charities (“We’ll pay you to watch paint dry! It’s not welfare!”) clean energy has the chance to reduce our dependence on foreign oil, and lower people’s out-of-control home utility bills in the face of extreme weather. The best part, these jobs were going to red states.
So after several years of this, we could’ve put a tariff on Chinese solar panels to boost American markets as an alternative. But Trump, skipping the hard work, wanted to operate solely off the stick.
And EVs. New technology for all personal vehicles. No one yet dominated. No country, no manufacturer. If anything, Tesla, an American company, was out ahead. It’s a lot easier to build an industry when there is no industry leader to outcompete
Biden’s policies were guiding US manufacturers toward that, setting efficiency standards, building infrastructure, offering incentives to both establish a predictable market and to help manufacturers transition. US could have been a leading country for automobile manufacturing.
I’ve never seen that so blatantly thrown away. When we wake from the insanity and are allowed to buy foreign cars again, we’re going to find our legacy manufacturers with hopelessly outdated technology and overpriced products unsuitable to be sold anywhere else in a world where there are now established leaders. The car manufacturing supply chain in the US supports millions of jobs, but I’m afraid we’re seeing the beginning of that entirely disappearing
Way better to have foreigners working for less than a living wage, earning 2 cents per hour and giving birth to more factory workers, am I right? But for real, the right answer is that nobody should live like that, so how do we change things? What steps can we take to wean ourselves out of the consumption driven economy? Tbh this might do it, or at least push it in that direction.
Agree, no one should be we are addicted to cheap goods and throwaway. We need to teach people to repair and learn and stop buying shit they don't need on Amazon. But humans are total idiots. I'm lucky I won't be around for the collapse
Charlie is too coherent
Try this:
*lost
He cheats flagrantly at golf just like everything else.
Convicted
Hate Trump & maga but this meme is pretty explicitly ableist. Why we gotta make fun of disabled ppl too
I get what you're saying, but this is showing the symptoms of a stroke. Having a stroke is not a disability, although it might result in one.
I still can't help wonder. There are people who dove headfirst into Trumpism who I would not consider to be irrational before.
I do not understand why it works on half of the country but has the complete opposite effect on me.
What is different about me?...and how do I spread that difference to that half of the country?
Only 1/3 of the country.
And given that nearly half of adults can't read above a 6th grade level, this really isn't that surprising. They cannot grasp any nuance at all.
Trumpism i reckon js more like how a serial killer can appear totally normal on the outside.
These people have always been like this. They’ve just hidden it very very well because they new society at large would not tolerate that shit.
Now those who tolerate it are in charge. It’s safe to be the POS they are right out in the open.
These signs are not exclusive to strokes & that's besides the point. What matters is that it shouldn't qualify them for ridicule..
All 3 of those together are the universal warning signs of a stroke.
F.A.S.T.
Face
Arm
Speech
=> Time
I'm not seeing the ableist aspect of this
On the 5th I was out playing some music by my sign that just reads "RESIST FASCISM". It was wild how many offended people were telling me I didn't really know what fascism really meant. Got a lot of "fascism isn't bad, actually" vibes but did my best to avoid getting pulled into those conversations, I'd just shrug and say I was going by what it says on Merriam-Webster, Oxford, Cambridge, Britannica, Dictionary.com, Wikipedia...
Don’t let them fool you. If the Democrats were trying to pull off some fascist bullshit I’m pretty sure they be saying it’s bad.
the longer it takes to recover, the less they can pull this logic, cancelling work visas, pushing migrants out, and placing high tariffs, it's going to show in upcoming GDP and inflation metrics, and the fed will have to choose which is the lesser evil when dealing with rates
They will doctor those metrics or flat out refuse to publish them anymore. Mark my words.
I am prepared for china style statistics, lol
And now since the markets are on the rise after he gave a 90 day break from tariffs. They'll be like "see? He's just playing hard ball. Look at how he maneuvers the markets. It's not even that bad." And give every excuse under the sun for him.
Even though it is literally playing with people's retirements.
The WH press secretary didn't rule out the possibility of people in the administration shorting the stock market. If that's the case expect further tariff toilet tweets once the market has stabilized enough for another round of wealth transfer.
Absolutely absurd.
That’s all they’ve been saying the whole time.
iT’s a NEgoTiatInG tAcTic!
It's like neolibs trying to explain the how their candidates are good for the country. That cigarette is their lesser evil.
Faux will tell them what to think and say
They don’t think this hard. All I hear from them is hollow shit like “get sick, feel better”
Vanguard is eating their words.
i've now seen multiple people say "the economy crashing is good and it's what trump wants"
i miss the selfawarewolves community.
I do think weve got the leopard face one
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