Good News Billionaires see wealth increase
- Thread starter NYShoreGuy
- Start date
No surprise, billionaires have the most money in the stock market and the S&P 500 is up 34.5% since the low of March 23. Savvy people were putting money to work in March and April.
It amazes me how people in this country waste so much money on stuff that doesn't matter. Anyone can become wealthy if they set aside some money and invest it. Even if you don't have that much, you have to start somewhere. Over time you'll be rewarded. Not everyone will become a billionaire, but there's a fairly good chance an average citizen can become a millionaire over the long haul simply by investing in the market.
It amazes me how people in this country waste so much money on stuff that doesn't matter. Anyone can become wealthy if they set aside some money and invest it. Even if you don't have that much, you have to start somewhere. Over time you'll be rewarded. Not everyone will become a billionaire, but there's a fairly good chance an average citizen can become a millionaire over the long haul simply by investing in the market.
I mean I am up 20% on a tiny amount of money compared to these billionaires... there is no fix. It is about people who know/were taught about finances and those who were not.
The stock market has improved so billionaires with significant holdings will make more money faster than regular people who have lost their jobs. It's just math.
In general though the system is rigged. Why do you think the rich and powerful meet every year at Bilderberg and a few other top elite meetings? They want to control things in their favor and all our top politicians and super wealthy from both aisles have attended. I accept my position and as Mongo said in Blazing Saddles "I am only a pawn in the game of life" - lol.
In general though the system is rigged. Why do you think the rich and powerful meet every year at Bilderberg and a few other top elite meetings? They want to control things in their favor and all our top politicians and super wealthy from both aisles have attended. I accept my position and as Mongo said in Blazing Saddles "I am only a pawn in the game of life" - lol.
The system is rigged which is why there will never be a flat tax. No democrat or republican will ever be in favor of it as it would simply get rid of loopholes for their most important supporters, the wealthy.
Anytime you can quote and Alex Karras character, it's worth a like.
The Tweet makes the liberals feel good.
The Dow lost 38% from Feb to March and has gained 26% from March to May.
I suspect if you added another month to the data the Tweet is based on (Namely Feb to March) it would show the Billionaires have lost money.
However, doing so would not make the liberals happy. Robert Reich is a liberal turd who litters my morning newspaper with his leftist vitriol every morning.
For you posters on this board who got sucked in to the spin of Tweet, maybe you should invest some money and watch the market. Nah. the market is evil. Never mind. LOL
The Dow lost 38% from Feb to March and has gained 26% from March to May.
I suspect if you added another month to the data the Tweet is based on (Namely Feb to March) it would show the Billionaires have lost money.
However, doing so would not make the liberals happy. Robert Reich is a liberal turd who litters my morning newspaper with his leftist vitriol every morning.
For you posters on this board who got sucked in to the spin of Tweet, maybe you should invest some money and watch the market. Nah. the market is evil. Never mind. LOL
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True, but its more fun to lay around getting stoned, listening to death metal, and being angry at the world.
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Well if you look at the stock market from March 18 to May 19 you get this:
The Dow rose from 21,237.38 to 24,206.86, a 14% gain.
The NASDAQ rose from 7,334.78 to 9,185.10, a 25% gain.
The S & P 500 rose from 2,529.19 to 2,922.94, a 16% gain.
The Russell 2000 rose from 1,106.51 to 1,307.72, an 18% gain.
The article is written to make it look like the billionaires did something nefarious when in actual fact they may have underachieved.
The Dow rose from 21,237.38 to 24,206.86, a 14% gain.
The NASDAQ rose from 7,334.78 to 9,185.10, a 25% gain.
The S & P 500 rose from 2,529.19 to 2,922.94, a 16% gain.
The Russell 2000 rose from 1,106.51 to 1,307.72, an 18% gain.
The article is written to make it look like the billionaires did something nefarious when in actual fact they may have underachieved.
Robert Reich is just a political hack looking for click bait.
Haha guys still mad they were wrong about me but pretending they don't feel stupid when I sonned them.
I'm straight edge, death metal is f'ing awesome, and if you're not angry at the state of the world it's because your privilege & personal callousness affords you the ability too. Fore!
