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Trickle down economics
For the past 50 years they’ve tried to give the wealthy some money but no matter how much they gave the rich, only a little trickled down to the poor
So they’ve decided to just turn on the money fire hose and shower the rich with all the money they can get their hands on … it’s a literal avalanche of money and hopefully this will trickle down and get some more money to the poor.
For every million they send to a rich person, ten bucks goes to a street person … so we need to spend billions, trillions of dollars on these rich people in order to get enough money to people in need.
I can actually picture someone making this argument in earnest.
If you got 10 bucks for every million towards billionaires you’d actually be a millionaire. The ratio was more like a cent for every million.
I think they mean $999,990 goes to person A and $10 goes to person B.
If you want to create one (1) millionaire that way you would need to spend $999,000,000,000. Imagine how that would look with 1 cent to every million.
Are the two of you even talking about the same data? Maybe you spread the $10 over 1,000 people to get to that number of $0,01.
Trickle down economics
A sound bit to fool the common clay rubes - fools them over, and over, and over. Rinse and repeat.
With far fewer irs agents, they can’t effectively audit tax cheats.
We are funding the complete destruction of Palestine.
Golf is expensive.
He’s been sued 220 times for the 100 days he has been in office. Lawyers are really expensive. (Well unless you blackmail them.)
My ex is a lawyer, I know stuff I could blackmail her with, nothing bad just personal stuff that you’d not be happy being public. I wouldn’t dare try it, even if I was inclined too.
Blackmail is illegal regardless if what you’re after. At the very least I’d lose my job.
You can’t really blackmail lawyers unless they are actually corrupt. Never mind, they’re his lawyers, of course they are.
Blackmail might be too strong of a word, but he did strongly encourage a law firm to give him free services so their security clearances weren’t revoked. It’s good to be king, I guess.
Fun fact! Tariffs aren’t collected by the IRS, they’re collected by Customs and Border Protection, a sibling organization to ICE
Every GOP accusation is an admission. Where is the money going? Waste, Fraud, and Abuse.
Trump buying gold gimcracks for the Oval Office on late night TV.
So apparently those things are spray painted plastic and available for $30 at home depot.
And bitcoin, so it’s untraceable
Tesla sales WAYYYY down… missed earnings on EPS and revenue… somehow the stock goes up?
Yes. You simply have no clue how the stock market works. Short term price action means nothing. More than 90% of all trades are done by bots on complex algos.
The entire market goes up at the moment, because there are technical signs that we have reached the bottom. I was telling people to buy a week ago but of course they told me we are going to die and we are heading towards a recession.
I dont think so guys. Big money is buying right now.
Please tell me this is sarcasm.
Ok. Well, at least look back at this post in a few days and learn something.
You can actually just look at premarket right now, with microsoft and meta looking like 10% gain on market open, and the entire market going up.
I dont know why people dont care about this. Its pretty nice to have money. So learning the basics about this should be essential.
I learned a long time ago to never try to time the market. It’s served me very well.
Billionaries time the market. They dont sit idle and watch their money go down. They move them around to other assets, or sit with lots of cash, like buffet did this time around.
Thats why its going up today, because big money were sitting and waiting for a sign to buy. This is it.
They do because they can do two things that you and I do not:
- High frequency trading on servers that can process new information and use it before anyone else on the market can. These servers are located as close as possible to the trading exchanges, because the extra milliseconds from speed of light travel will make a difference.
- Trump personally telling them when he’s about to make a big policy change
For the rest of us, timing the market is dumb. I’ll even say that you might be right about today. You might not be right about tomorrow, or the next. The sum of those moves may even be profitable overall, but not enough to beat someone who stuck with the sp500 with transaction costs taken into account.
Well yeah, I agree about insider info, thats a big reason too. But buying when stocks are low price? Its the same idea as buying groceries when they are on discount. Anyone can do that.
Maybe it goes down some more, but long term its always good to buy when its cheap. Everyone who bought in previous downturns for the last few decades made a lot of money if they didnt sell.
Technical analysis is astrology for men.
Way too early. We haven’t even begun to see the results of these policies yet. Inflation results don’t yet take tariffs into account, the mass layoffs that are currently happening don’t show up in unemployment stats yet, the massive GDP shrinkage isn’t showing up yet, supply chains that are in the process of crashing haven’t yet affected consumers. This is a dead cat bounce, which literally every single crash in history has, and every time there are people shouting that the pain is over and now is the time to buy back in, right before the bottom drops out.
We will see. I dont think so.
You should ask yourself when you think its safe to buy. If its at the top of the market, or if you want to wait for the crash that may never come? Both of those options are very bad.
The bottom hits when all (or most) of the bad news is on the table. People know what’s happening and what the future looks like. It doesn’t happen when the pain is gone, just when people know what that pain will look like for the foreseeable future. For example, in 2022 the bottom happened when rate increases started to slow down, not when they stopped completely, just when inflation was starting to level off and we dropped from .75pt hikes to .5pt and people could see a path forward.
We are not at that point yet in the current crash, nobody has any idea how bad it’s going to get, none of the indicators show the problems yet because they’re all lagging, and consumers haven’t been hit yet by the high prices and supply chain crashes because manufacturers and retailers are still running off of back stock.
I could be wrong of course, but I don’t think I am.
We will see. Looking forward to seeing what happens. We have doomsday scenarios and we have hopeful scenarios that tariffs are temporary and will be removed once the narcissist is happy. We will see.
I got paid at midnight and after paying bills this morning I have about 73 dollars in my account. Which stocks should I buy?
Bread. :)
Better than Bullion
I told my buddies to buy. They did not. I started investing in stocks at 30 march and was 6k euros deep before the crash. Went all in because 2/3rd of the time doing lump sum beats DCA. So during a crash, it’s likely to be a really good choice.
ATM I have 8,47% total profit on 22,3k euros investment in STOXX 600 etf. This thing has 0,07% TER and I do not even pay taxes on the dividends within my own country. Only at the initial source. My country has no capital gains tax and it’s an accumulating ETF.
I’m quite amused by Trump’s shenanigans causing hysteria.
Sadly we are in the minority and people think they should wait until stocks become expensive again, and then buy. I dont know, something is wrong with how people think about stocks.
Buy stocks in uncertain times and gold in certain times. Seems pretty logical to me.
1,13% increase today. People on Lemmy seem to be a bit wrong.
Because they believe the scary news and dont realize thats how ordinary people gets convinced to sell their stocks.
They pick analysts that think the market will go down on the front covers when they want the market to dip, and analysts that think the market goes up when they want the market to go up.
Its super obvious and people dont seem to realize they are manipulated. The investment firms make money both when it goes down and up.
Best strategy in the world is to buy and hold when its very cheap, like right now, and ignore scary news. Dont sell.
For example :
Stuns wall street? They were the ones buying. Thats why stocks are up! And they bought because there are market indicators saying a lot of stocks have hit bottom. So while the scary news about recession were making the rounds last week, who was buying? Wall Street.
I thought this would be appropriate…
It’s a cult. I overheard two Trumpers talking how the tariffs will only hurt for a little bit, but once everything religns, things will be great.
You didn’t think they actually spent ten thousand dollars for a hammer and thirty thousand for a toilet seat, did you?
I mean, look at me. I look like a schlemiel
Did not expect an Armageddon reference.
Independence day?
Oh shit, I think you’re right. My bad.
You would all be dead without my David!
And there goes the national debt…TO THE MOON 📈📈📈
yeah some of the billionaires money isn’t even real, the government just gives it to them without having it in the first place
any global conflicts currently? nope.
any actual national emergencies currently? nope.
any international catastrophes recently? nope.
republicunt in the white house? yup.
ding. ding. we have a winner. to the fucking moon the debt shall go.
s/nope/not yet/g
Give it time, Trumpler will have all 3.
But because of the belligerent attitude other countries stopped buying US debt, at a time where debt is exploding and up for renewable. Something is going to break.
And the only real stipulations is the oppression of your workers and bending the knee to those more money than you.
Goddamnit, I hate this shit. Its simple, folks. You have to spend money to make money. That’s how the saying goes, and that’s how the world works. When my car insurance goes up despite my flawless driving record, I don’t ask them to explain where the money is going, I just pay my fucking bills. When my rent gets increased despite the house I’m in literally falling apart around me, I don’t ask why they don’t send repair people, I just pay my goddamned rent. You all act so entitled, like there is some great value that is to be derived from your work. You’re a fucking slob just like everyone else, and you are lucky that the companies trust you enough to do business with you in the first place. Hell, I’d pay double just to get a meaty black uncut cock in the ass and I’d be thankful for the privilege. I mean, I’d pay them a lot of money for that. Even if it was just one time. Just once, and I would sing their praises. Just, sing. Fuck you, anyway. Fucking slobs. Stop wasting your time posting about this shit online and get back to work.
Had me in the first half. But judging by the downvotes, half the people don’t recognize sarcasm :)
Satire is dead.
Can’t downvote because I agree, can’t upvote because it’s depressing.
Time for a sidevote.
lol yikes it took a racial turn didnt it? always does with them ya
Golfing is expensive these days.
How much for a room at a Trump hotel for the secret service? Asking for a friend.
Unrelated, is this a newer format on Twitter or are people manually recreating simple Twitter screenshots for some reason?
It might be mastodon. I don’t know though. Maybe it’s just a twitter skin
Nope, that’s not Mastodon. Neither account exists there.
Did anyone confirm it was actually ever posted to Twitter?
i think we should plan the revolution as a hypothetical. lay the blueprints out online for everyone to see. it’s as easy as “if i were going to do X, i would begin by X. if a lot of us did X together then…”
revolution by committee with full transparency. when the plan involves millions of people acting in unison, there’s not a whole lot you can do about it, even if you know what’s coming.
You are a bit late. The plan is already underway
we all know what P25 is. we don’t need to keep talking about that. let’s come up with solutions, not complaints.
I think you missed the point.
The link was a tounge-in-cheek reply about how the fascists openly planned and are implementing an authoritarian “revolution”, and basically got away with it by telling their voters “lol no we aren’t going to do that, it’s just the libs lyin’ again”, and then immediately going with “Project 2025 has been the plan all along” once trump was President elect.
i think YOU missed the point. we’re all aware of what they did. why keep repeating the same shit over and over? we know they’re idiots and liars. we don’t need tongue in cheek commentary. we don’t need comedians. we need people who are ready to do something about it.
Hey, you’re hot right now. Why don’t you step away for a bit, take a little walk, maybe work on something else for a bit and then come back?
you’re goddamned right i’m hot right now. most of you children were raised on the social media concept of “calmer than you are”, and it’s been very effective at neutering all of you.
why are you afraid of anger? anger is a motivator. anger gets shit done.
you just literally refuted the idea that we should be working together to stop this shit in favor of ‘clever’ banter about it. do you realize how useless you are? do you realize how fucking tired your political commentary is? did you just get here? your tongue in cheek shtick has been done 5 million fucking times, and it hasn’t stopped one fucking thing this admin is doing. grow up.
you just literally refuted the idea that we should be working together to stop this shit…
I didn’t refute that. I didn’t refute anything. I merely suggested that you did not interpret the intent of the above comment correctly.
As for not doing shit to stop this… No amount of shit posting on a memes oriented fediverse forum is going to inspire real world revolution. You’ve got an axe to grind, I get it, but don’t get mad at me because I told you “sir, this is a McDonalds”.
Seriously. Take a a step back. Reflect on what you are doing, and where you are doing it. You aren’t helping any cause by being a reactionary lashing out at everyone and everything with no regard to what gets hit.
we don’t need to keep talking about that.
You do. That is what you are revolting against. You don’t think they have considered their opposition in their planning?
You don’t think they have considered their opposition in their planning?
i absolutely do. these people are meticulous even if their leader is a buffoon. but just because they’re expecting to get punched in the mouth doesn’t mean you shouldn’t punch them in the mouth.
If they are expecting to get punched in the mouth then maybe you should punch them in the dick.
i lol’d
It’s not a revolution, but a general strike would force the government to make changes.
I make the equivalent of $1800/month. I barely make ends meet. Every time I strike I incur a $80 deduction for the working day I skip. Sometimes I cannot afford to strike.
maybe. i’m skeptical but not opposed.
You’re not wrong. But there won’t be enough people. Too many people not willing to risk what they have for a chance at a better world.
Inb4 “doomer post” I’m trying to be realistic. It would be incredible if we could all save up a month’s worth of food and all strike for an entire week.
I think a general boycott might be more realistic. Look at Target, look at Tesla. But even then, do you think we could get enough people to stop using Amazon for a month? The only thing they care about it money, so that’s where you have to make waves.
Imo, ideally, perfect world and 100% buy-in, we would all have vegetable gardens. When someone needs a new roof it would only cost them raw materials because neighbors would come after their 9-5 to help with free labor, or if someone’s car broke down they could take to “that guy” in the neighborhood who has tools and knowledge. And he would only charge for parts because the neighborhood helped him for free with his roof. People taking care of people, not for money but because it makes the world a better place for everyone. The less people are dependent on “the system”, the less control it has over them.
https://www.youtube.com/watch?v=eg3_kUaYFJA
I jest, but this isn’t what motivates people. Movements happen because people care about them. Something that has meaning.
lol. i forgot about that video, but that is exactly what i’m talking about.
It’s a reverse reverse funnel system
ICE
Taxes are paid to the IRS, but who are tariffs paid to?
Not trickling down, that’s for sure.
🤔
