healthmyths
Platinum Member
- Sep 19, 2011
- 29,051
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Open your ears and listen very carefully, not to my words but words uttered by President Trump, and the words not said.
The Dow rose to over 21,000 today, and who did that benefit? Only those who have parked their savings into equities; the result of his words increased the wealth of the investment class overnight, but not those who have been left behind and watched the greatest inequity since the Gilded Age of wealth grow.
Will Trickle Down improve your economic situation? Will it open up new and well paid jobs for the working poor, the middle class and those now in college or recent grads with massive debt?
Will the repeal of the PPACA (notice Trump called it "Obamacare" (for obvious political purpose) and not called it the Patient Protection and Affordable Care Act, and in the process lied about the rise in cost when what came before rose annually too, and left too many behind.
Let's see if The Congress, so concerned with the massive debt, will pass a budget with the "largest military increase in history" cut taxes to business and spent one TRILLION Dollars on our nation's failing infrastructure.
IMO putting a Trillion Dollars into rebuilding, renewing and repairing our nation's infrastructure make sense, but not when taxes are cut and an increase in the military spending also cuts domestic spending (consider what domestic spending will be cut when a trillion is put into fixing our infrastructure? Whose taxes will be cut, what fees will be increased and added, and whose money will be used for all of this?)
So you support giving people the ability to OWN their Social Security account and invest it in US Equities?
ABSOLUTELY!!!!!
MY equity account would be worth if I'd been able when I started in 1967 and was able to TELL SS were the payments would be invested over $600,000!
I would tell them to invest in stocks when younger and as I got closer to retirement, move into treasuries (JUST as SS does right now!!!).