Ringo
Gold Member
Left vs. Liberal
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I thought this poll was an interesting observation and it's not the first time I've seen it. Look at the people who approve of Biden's job as president. One, 81% of Democrats which is no surprise since it's his party. 55% of blacks which, again, no surprise given how heavily Democratic they are as a group. The one that stands out is 53% of white college. Every other group has a negative view of his performance, especially men and whites without a college degree, two groups who tend to make up more blue-collar jobs.
So why is it that college educated whites see it differently from everyone else? College educated people generally make more money than non-college educated people. I have an MBA and my wife and I, while not rich, fall into the upper middle-class income category and I can honestly say that despite inflation we are not experiencing hardships in our household. We haven't had to make any sacrifices. We still take trips and go out to eat at nice restaurants here and there. In fact, we are headed to Europe again for two weeks next month. Strictly from the microcosm of my household we're doing well, but we were doing well before too and I gather this is what a lot of people in the college educated whites group are also experiencing. There is a disconnect between that group and what everyone else is apparently dealing with.
So that begs the question, is this an economy for the wealthy?
Great post. And what is missing in our education system is just this... How? I am not the most literate on the subject. But I know that I can give my savings and investments for others to manage, but I think that as a country, we should focus on how our current economy is supposed to work and how as citizens we can leverage good choices to make our earnings continue to earn.Do We Have an Economy for the Wealthy?
IMHO, what we have is an economy that favors wealth creation, for everybody. What we have is an economy that favors investors that put their money to work earning interest and dividends and increases in stock value or home ownership (capital gains). And who are the investors? Primarily they are wealthy people cuz they've got the means to save money over their cost of living expenses, with which they can invest and make more money. But the truth that is ignored is that in our economy, wealth can be created by non-wealthy people too if they make wise choices in their spending and investing. The opportunity to do that is unmatched by any other economic model and in any other country.
Great post. And what is missing in our education system is just this... How? I am not the most literate on the subject. But I know that I can give my savings and investments for others to manage, but I think that as a country, we should focus on how our current economy is supposed to work and how as citizens we can leverage good choices to make our earnings continue to earn.
What do you think would happen with the 1% richest people, all of a sudden make bad choices and get poor? If you were rich in 1978, and invested properly, those investments continue to grow for you. And if you're smart, you continue to invest.Since 1978, the richest 1% of people in the US have continued to get richer while the bottom 50% continue to get poorer.
Meanwhile, the local intelligentsia is using transgender, BLM, feminism, etc. as a smokescreen.
Any fun but not about income.
What do you think would happen with the 1% richest people, all of a sudden make bad choices and get poor? If you were rich in 1978, and invested properly, those investments continue to grow for you. And if you're smart, you continue to invest.
Again, what these polls, narratives and propaganda leave out is the life choices. First, I do believe that the wealthy, the middle class, and the poor all beget the same. Meaning that nurture plays a huge part in how someone views their world and the opportunities in the world. But for many of the poor, if not the majority, they have made choices that have not allowed them to take advantage of the opportunities that this country can provide.
So the blanket narrative "Poor get poorer and the rich get richer" maybe true, but to a point. As task0778 said earlier, we don't teach how prosperity can be built in this country. Instead now all we want to do is blame the rich, whites, and systemic racism for all the woes that have been inflected while never examining the life choices of those that complain.
There are plenty of plumbers, mechanics, UPS Drivers who absolutely do well for themselves. Many of these jobs have unions, provide pensions, profit sharing and other benefits.
Yeah, jeez. What about all those poor rich people? They simply chose to tug on their individual bootstraps long and hard. If only the plumber, mechanic, bus or UPS truck driver would do the same..
I mean they all wear boots, right? Tug on them straps, dammit!
You mean people won't be miserable for 40 years now? No way.Elon Musk said that AI will eventually free people from having to work
“There will come a time when work will no longer be necessary, you will be able to work only if you want, for personal satisfaction,” the businessman said.
And this means that capitalists will no longer need people.