No doubt that a significant percent of the market is concentrated in Amazon, Apple, Google, Microsoft, and Facebook.
we are talking %s not $ amount tbqh
No doubt that a significant percent of the market is concentrated in Amazon, Apple, Google, Microsoft, and Facebook.
I guess it depends on what you mean by "severe". It has much more of a negative impact on the bottom 80% imo. Losing even $50,000 could significantly impact the life of the average Joe way more than Gates losing a few hundred million. Or even a billion.
boom bingo
if a 60 year old couple loses 20% of their retirement savings they could be ed. which is what happened in 08
if Bezos loses 20% is it gonna affect him? not really he might fire a few thousand ppl to make it up or declare bankrupcy which is what Trump did multiple times
”bend over- you’ll KNOW what - severe- means!”
So you agree that wealth doesn't flow directly from the poor to the rich? That Bezo's net worth going up doesn't make your net worth go down?
wealth % does
so if 10 years ago the rich had 40% of the wealth and now they own 70% then you say wealth % flowed to the rich making them richer and the poor poorer
Your premise is not logical. The dollars did not flow from the poor to the wealthy.
nobody said the dollars flowed
the % of total wealth did
Using Hater logic, The Hispanic population in the USA grew from 8.8% in 1990 to 19.4% in 2019. That must mean that all other races had to die off and lose population since the percentage of hispanics grew.
So you agree that the wealthy didn't make everyone else poorer? The wealth of the 1% didn't affect the wealth of the 99% at all?
who said that? stop making up
I said the poor now own less of total wealth than they did 10 years ago and so on
and the trend is intensifying
I see that you dont have a problem with that and that its all good. but most americans disagree with you.
if the trend continues the richest of americans say top 5% will own 99.99% of total wealth
yeah that sounds great
you dont see a problem there? which group will be more powerful then? which will control which?
what happens when a group is infinitely more powerful than the other? they can outspend them on anything for example: elections?
I replied:you replied:That's oversimplified bull . Wealth is not a finite pie where someone has to lose in order for someone else to gain.So you said it and I shoved it right back up your ass.lol its not BS
of course wealth at any given point in time is finite and measurable
% of the pie goes from non rich to rich is measurable and visible over time
Another knee jerk reaction to stocks, hater?
The market is the same way, it doesn't reflect economic issues or prosperity day by day, but rather by trends. 1600pts isn't what it used to be either
The poor work for pennies, and the excess/surplus value of that labor is hoovered/appropriated up as extra profits for the wealthy, rather than benefiting the people who produced the goods and services.
money is power especially with elections
when one groups power grows to 99% and the other shrinks to 1% then theres a problem
good luck being happy being a controlled puppet
most americans are waking up meanwhile you are in the deep sleep stage
no just mocking Trumps stupid tweet
Didn't say it was a finite pie. Re-read it.All of the real gains in wealth of our economy have flowed from poor workers to the richest people in the country. It is open class warfare by the wealthy on everyone else, and they are winning while useful idiots like Darrin pretend that this is sustainable or even healthy for the economy.
"the real gains in wealth", i.e. the growth in wealth is not being distributed to the majority of the people working in the economy. Those gains are quite finite and measurable, and we can see who gets the biggest share of it, by simply seeing whose wealth is increasing as the economy grows.
Wages for most people are flat or even declining if you factor in education/health care, while profits and stockpiled cash in corporations have hit record levels. Rather than raising wages, we have stock buy backs. The people deciding that are the people who are already paid hundreds or thousands of times more than their average worker.
If we reform election finance laws to control the influence of the wealthy then I don't really have a problem with someone making eleventy billion dollars.
there are still problems with corruption, monopolies, etc
but that would be a great start
Now who is doing the oversimplified bull ?
Can't argue facts, go for the emotions. (shrug) Your choice. Your lack of personal responsibility.
or, if you prefer:
I don't think it should be mentioned at all, tbh. Biggest threat Corona has for us is panic and the shortages it can cause. Drawing unnessary attention to it serves no benefit to the country.
However, it can get worse. Maybe mutate into something that'll kill more healthy people.
they can also turn the usa into South Africa -
where a minority of whites - RULED - over a Majority of blacks -
gerrymandering, cheating on election, stacking the courts, attacking/controlling the media/suppressing accurate news info -
sound familiar?
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