Crooked Hillary wrote:
seattle prattle wrote:
GIve me a break.
How will this ever change?
Well, you could simply follow the recommendations of publicly elected progressives like Elizabeth Warren, Bernie Sanders, and the others. Even Biden has many ideas how to change this, I hardly pay any attention and can start rattling off what they have campaigned hard and long for - things like the Capital Gains tax on Unrealized Gains, a tax on every stock trade, Inheritance tax, a min, corporate tax, etc,
And how about all the rules suggested on taxing stock buybacks?
Gee, I have no udeeah. No siree.
Those fools would bankrupt this country (while lining their own pockets of course) faster than Bernie’s wife did the college she headed.
You really are a leftist tool.
You right, Crooked Hilary.
The stock market going up is (potentially) great for my retirement, but doesn't do much for me right now. There's that question you're supposed to ask when choosing a candidate: is my life better now than it was 4 years ago. The answer is an easy "NO". I blame Biden's administration directly for pumping money into the economy at a time when the pandemic was waning. I went to MicroCenter on a Wednesday and waited in a line that went around the store. When I got to the front, I asked the manager if it was always like this on a Wednesday. The line was longer than I'd ever seen it, even during Christmas. "Everyone just got their stimulus checks", she told me.
Couple that with a large swath of the workforce who've either been miraculously raptured (leaving the rest of us behind to do all the work, btw), or have decided that that handouts they're getting outweigh their motivation to be productive members of society. I don't need to tell anyone with 2 eyes that businesses are shutting down all around us, or limping along at half capacity, because businesses are competing for a workforce that's become depended on government handouts. It's no wonder that we have a shortage of goods & services, but no shortage of money in the bank and in the market. This is inflation 101.
We look like Europe right now. Slow service, weird business hours. People refusing to work because they've got everything they need provided by the government. I feel like I'm living in France right now, except without the old world charm. Gone is the confident efficiency that is the hallmark of America.
The change between the transition from Biden to Trump has been almost overnight, and demonstrates spectacularly how giving people money for nothing may buy you votes, but is ultimately bad for the country, even for those who benefit temporarily. There is no free lunch. Fewer productive people in the workforce means there is less to go around for everyone. We need participation in the workforce at all levels in order to be productive, and without those goods and services to back up our currency, our currency loses its value quickly.