Toddsterpatriot
Diamond Member
That is a perfect example of just how out of touch the elitist Teabaggers are with the bottom 40% of America.
First the BS Artist said everyone owns a 401k and he said all of us own parts of corporations, but only about 60% of the people have a 401k. In reality, the top 10% own 80% of all stock and the bottom 10% split the remaining 20%. So the truth is most people have either no ownership of corporations or such a tiny part as to be insignificant.
But it sure sounds good to say we all own parts of corporations if you are a BS Artist!!!
If the government let us invest the 12.4% of our income they currently put in the Social Security "Trust Fund", everyone could have a 401K with some stock in it. But that would reduce your dependence on government, so we can't have that, can we?
And that investment on average would be worth less now than it was 10 years ago.
Really? Because interest payments and dividend payments aren't reinvested?