The top 1% of earners is finally earning more than the entire middle class

[j3lademaster]

https://pbs.twimg.com/media/GCZ2DzQXUAA4NZB.png

https://cryptorank.io/news/feed/67187-wealth-concentration-hits-a-new-peak-as-economies-slip-into-recession

We did it, Mr. Reagan! But ya boy Laffer got done dirty. Did so much for the top 1%, only to be worth a measly $7 or 8 million 50 years later.

[Off the Court]

Don't you dare tax them more though! We must protect them at all costs! They need every cent! If something needs paying for the middle class must pay for it!

[Baller234]

Don't you dare tax them more though! We must protect them at all costs! They need every cent! If something needs paying for the middle class must pay for it!

I bet you were in favor of shutting down the economy during Covid and telling small business owners they couldn't stay open.

This is your fault, vax boy.

[SATAN]

Grabbing my popcorn and waiting for the alt right fgts to proudly show us how much they DON'T understand...

[RRR3]

Duh-uhh-uhh-uhh-uhhh!
:yaohappy:

[Off the Court]

Grabbing my popcorn and waiting for the alt right fgts to proudly show us how much they DON'T understand...

You aren't waiting. Baller already posted it is me who is responsible for this because of covid and the vaccine and stuff, already showing he doesn't understand it at all.

[RRR3]

You aren't waiting. Baller already posted it is me who is responsible for this because of covid and the vaccine and stuff, already showing he doesn't understand it at all.
Name something he does understand :lol

I seriously think that dude probably struggles to figure out how to open his fridge

[BurningHammer]

You aren't waiting. Baller already posted it is me who is responsible for this because of covid and the vaccine and stuff, already showing he doesn't understand it at all.
:oldlol:

[Baller234]

You aren't waiting. Baller already posted it is me who is responsible for this because of covid and the vaccine and stuff, already showing he doesn't understand it at all.

You're over here crying that all the wealth is funneling to the top 1%, meanwhile that same 1% did extremely well during the pandemic at the expense of practically everyone else.

Don't cry about it now when you were the ones cheering on big government to shut down the economy and shut down everyone's businesses. You're a walking contradiction.

[warriorfan]

Covid and the proceeding policies facilitated one of the biggest transfers of wealth in history


Which guys were advocating for those again?





:lol

[TeflonDonTrump]

Destroying the middle class is the democrats dream. Look at san francisco

[TeflonDonTrump]

Covid and the proceeding policies facilitated one of the biggest transfers of wealth in history


Which guys were advocating for those again?





:lol

:bowdown:

[Off the Court]

Covid and the proceeding policies facilitated one of the biggest transfers of wealth in history


Which guys were advocating for those again?





:lol

Trump

[warriorfan]

Trump

Lmaooo

You were in hysterics over an illness with a 99.99% survival rate and advocated for the country to shut down into quarantine.

These are the results.

Made your bed, now you can lie in it (or in your case just make another alt account) :lol

[Norcaliblunt]

This discussion only matters if we properly understand where that 1% money comes from.

Is it productive?

Is it casino economy shit?

No one ever does the break down accurately.

[Charlie Sheen]

This discussion only matters if we properly understand where that 1% money comes from.

Is it productive?

Is it casino economy shit?

No one ever does the break down accurately.

You were too lazy to read an article THIS short?


This wealth accumulation has been primarily powered by investments in stocks and real estate.
It is not rocket science.

The ultra rich never lose when investing because

1 they can borrow against unrealized capital gains tax free

2 any losses on capital gains will be recognized in a year that reduces their tax liability

[j3lademaster]

It is not rocket science.

The ultra rich never lose when investing because

1 they can borrow against unrealized capital gains tax free

2 any losses on capital gains will be recognized in a year that reduces their tax liabilityIt always baffled me how you and I are assessed a property tax based on the value of our assets(our house), and we can't find a way to tax the assets of billionaires. Hedgefunds have 7/8 digit expense actuary departments to put dollar values on their assets to reel in investors all the time.

[j3lademaster]

I bet you were in favor of shutting down the economy during Covid and telling small business owners they couldn't stay open.

This is your fault, vax boy.Do you think it was moreso that, or the continuous tax cuts for the rich while bolstering deficit spending in order to artificially inject inflation via our privatized FED system?

[ArbitraryWater]

Trump

lets be real, you didnt have a problem with any of the measures taken.... you defended all of it.


like any good run-along dummie does.


Thats you. Thats who you are. Thats who rrr3 is.


Face it. Jump out of it.

[SATAN]

lets be real, you didnt have a problem with any of the measures taken.... you defended all of it.


like any good run-along dummie does.


Thats you. Thats who you are. Thats who rrr3 is.


Face it. Jump out of it.

Cringe.

[Baller234]

Do you think it was moreso that, or the continuous tax cuts for the rich while bolstering deficit spending in order to artificially inject inflation via our privatized FED system?

I think only a special needs autistic sped would raise this question in the first place. Even if the government were to raise taxes on the 1%, that money isn't going in your pocket and it's not doing anything to decrease the wealth gap.

And that is beside the point. Anyone who was cheering on the covid shutdowns is in zero position to complain about wealth funneling to the top.

Look in the mirror. This is your fault. Lefties need to own and accept it and STFU.

[RRR3]

I think only a special needs autistic sped would raise this question in the first place. Even if the government were to raise taxes on the 1%, that money isn't going in your pocket and it's not doing anything to decrease the wealth gap.

And that is beside the point. Anyone who was cheering on the covid shutdowns is in zero position to complain about wealth funneling to the top.

Look in the mirror. This is your fault. Lefties need to own and accept it and STFU.
He never even told you his position on covid

Why do you use autistic as an insult when you said you're autistic? Seems very strange

[j3lademaster]

I think only a special needs autistic sped would raise this question in the first place. Even if the government were to raise taxes on the 1%, that money isn't going in your pocket and it's not doing anything to decrease the wealth gapThat's 100% objectively false. A wealth tax is actually the number one way to control wealth gaps, so you literally can't possibly be any more wrong.


And that is beside the point. Anyone who was cheering on the covid shutdowns is in zero position to complain about wealth funneling to the top. Why? How would staying open have prevented the transfer of wealth? Wouldn't the economy running normally have quickened the process, if anything?

[j3lademaster]

He never even told you his position on covid

Why do you use autistic as an insult when you said you're autistic? Seems very strangeAll he has are NPC talking points. He can't go into depth on any of the 'whys' because he doesn't actually know anything.

[Charlie Sheen]

It always baffled me how you and I are assessed a property tax based on the value of our assets(our house), and we can't find a way to tax the assets of billionaires. Hedgefunds have 7/8 digit expense actuary departments to put dollar values on their assets to reel in investors all the time.

Can't or do not want to?

Lawmakers are not going to bite the hand that feeds them with a finely tuned taxed code. Biden's plan does not marry with the leaked stuff he said privately to his donors. In my eyes a wealth tax is fantasy. Never going to happen. It will be attacked with bullshit like the preying on public fear that it would not redistribute wealth rather it would shift it to foreign investors.

This is why I support expanding tax credits over a wealth tax. At least the EITC research showing a reduction in poverty provides some benefit. The most common argument against tax credits is the government picks winners and losers. No shit. At least the losers get something through tax credits is my point of view.

[tpols]

Yes... they shut down small businesses during lockdown but Walmart, McDonald's, Amazon etc. we're all still in business and grabbed a huge chunk of market share. The plandemic worked to perfection.

[Baller234]

All he has are NPC talking points. He can't go into depth on any of the 'whys' because he doesn't actually know anything.

Prove me wrong then.

Are you vaccinated? What was your overall opinion when it came to the Covid shut downs?

[Charlie Sheen]

Yes... they shut down small businesses during lockdown but Walmart, McDonald's, Amazon etc. we're all still in business and grabbed a huge chunk of market share. The plandemic worked to perfection.

He is saying the pandemic is disguising a fire that was already raging. Wealth redistribution to the 1% has been coming out of your pocket or your parents pockets for the last 40 years.

[Baller234]

He is saying the pandemic is disguising a fire that was already raging. Wealth redistribution to the 1% has been coming out of your pocket or your parents pockets for the last 40 years.

Or one could argue that the pandemic was the equivalent of throwing gasoline on the fire.

[RRR3]

He is saying the pandemic is disguising a fire that was already raging. Wealth redistribution to the 1% has been coming out of your pocket or your parents pockets for the last 40 years.
Yep. And neither party will do ANYTHING to address it. No matter who you vote for this will continue. Depressing stuff.

[Baller234]

Yep. And neither party will do ANYTHING to address it. No matter who you vote for this will continue. Depressing stuff.

I don't know, I seem to recall one side being very insistent on re-opening businesses and getting kids back to school as soon as they could. In fact those cities and states were demonized for doing so.

Meanwhile I remember the other side fighting tooth and nail to keep the lockdowns going indefinitely for as long as they could, except of course when it came to the St. Floyd celebrations.

We will not allow you vax boys to rewrite history on this.

[Bill Gates]

I don't know, I seem to recall one side being very insistent on re-opening businesses and getting kids back to school as soon as they could. In fact those cities and states were demonized for doing so.

Meanwhile I remember the other side fighting tooth and nail to keep the lockdowns going indefinitely for as long as they could, except of course when it came to the St. Floyd celebrations.

We will not allow you vax boys to rewrite history on this.

Over your head. They are trying to explain that this has been an issue for decades now, well before covid. Just go look at the graph in the OP.

[Baller234]

Over your head. They are trying to explain that this has been an issue for decades now, well before covid. Just go look at the graph in the OP.

So then why weren't you guys saying this during the covid shutdowns.

Seems to me that if you were truly concerned with the well being of the middle class, or if you were truly concerned about too much wealth funneling to the top... shutting down the economy for an entire year seems like the absolute last thing you would want.

Yet you all cheered like good little lemmings.

[Bill Gates]

This is the natural evolution of capitalism. The only way to remedy it is to tax the wealthy more to help even out the distribution. This is a reality that the right hates to accept. But it will only get worse and worse until we have no choice. Even the wealthy will be begging for it because they can not exist without a middle class buying their products.

And like I've said before, down the road, when AI and automation has completely wiped out the workforce. We will have no choice but to become communist. This isn't all a bad thing though. This is what humanity has been working toward for centuries. A society that simply doesn't have to work. Embrace it.

[Baller234]

This is the natural evolution of capitalism. The only way to remedy it is to tax the wealthy more to help even out the distribution. This is a reality that the right hates to accept. But it will only get worse and worse until we have no choice. Even the wealthy will be begging for it because they can not exist without a middle class buying their products.

And like I've said before, down the road, when AI and automation has completely wiped out the workforce. We will have no choice but to become communist. This isn't all a bad thing though. This is what humanity has been working toward for centuries. A society that simply doesn't have to work. Embrace it.

Sorry, that's not actually a good thing for humanity. Don't project your lazy fantasies onto the rest of us.

Work keeps man humble. Work gives life balance. There is no play without work. There is no success without struggle. That is why the children of wealthy people who are spoiled from birth become depressed drug addicts.

Even Jesus was a carpenter.

[Charlie Sheen]

Or one could argue that the pandemic was the equivalent of throwing gasoline on the fire.

It would not be a great argument.

The underlying fact is that 90% of this country was not prepared for any emergency because they do not have adequate savings. Or any plan for retirement. The pandemic was not the perfect storm. It distracts you from asking the more important question... why was the American worker or small business unable to survive a shutdown? What lead up to this?

[Baller234]

It would not be a great argument.

The underlying fact is that 90% of this country was not prepared for any emergency because they do not have adequate savings. Or any plan for retirement. The pandemic was not the perfect storm. It distracts you from asking the more important question... why was the American worker or small business unable to survive a shutdown? What lead up to this?

Even if that were true, you can't just automatically attribute that to some corrupt system.

It could also be due to people's poor spending habits.

[Bill Gates]

Sorry, that's not actually a good thing for humanity. Don't project your lazy fantasies onto the rest of us.

Work keeps man humble. Work gives life balance. There is no play without work. There is no success without struggle. That is why the children of wealthy people who are spoiled from birth become depressed drug addicts.

Even Jesus was a carpenter.

Humans will have different things to work towards, personal projects and what not. But they will not be necessary for survival. Speaking of survival humans will eventually conquer death as well. We will edit the aging process right out of our DNA. You don't need to fear it though because you won't live long enough to see it. I'm just pointing out what society is naturally heading toward.

[Baller234]

Humans will have different things to work towards, personal projects and what not. But they will not be necessary for survival. Speaking of survival humans will eventually conquer death as well. We will edit the aging process right out of our DNA. You don't need to fear it though because you won't live long enough to see it. I'm just pointing out what society is naturally heading toward.

Uh, and what does any of that have to do with embracing communism?

[j3lademaster]

Yes... they shut down small businesses during lockdown but Walmart, McDonald's, Amazon etc. we're all still in business and grabbed a huge chunk of market share. The plandemic worked to perfection.If you look at the graph, the decline in the middle class as well as the ascendence of the top 1% has been consistent for years, proving the covid lockdowns are a very miniscule factor. for the past 100 years there has been like... 3 years with deflation, several years with double digit inflation and typically an annual 3% inflation. Why is inflation harmful? Well, the $10k you have saved in your bank account now has $9700 in value compared to yesterday's, whereas assets are growing... and who owns all of the assets? Billionaires and corporations. Small 3% increments over a lot of years and THAT is what's bringing us to the trend represented in the graphs. People are fed these npc talking points that create these tribal politics as a smokescreen... hell look at this thread. Literally right off the bat it's "THIS WOULDN'T HAVE HAPPENED IF YOU VAXCUCKS DIDN'T SUPPORT THE SHUTDOWNS". All the while we inject 3 trillion into the stock market to grease the fatcats even further, which they just reinvest and create their own artificial money multiplier that kills the average Joe's savings. That is what we're seeing in real time.

And small businesses never stood a chance, they have been irrelevant if we're talking big picture overall market for years. CME alone owns like 30% of the S&P and the Dow and most people pretending to understand our market on here's never even heard of them.

[Bill Gates]

Uh, and what does any of that have to do with embracing communism?
Looks like most everything goes over your head. I am pointing out that society will naturally have to evolve into a communist state over time. We will simply have no choice. We are at the early stages of AI and automation removing our need to work. This will happen slowly over decades and it isn't a right or left thing. And it also has nothing to do with covid. It is just where technology is taking us.

[Baller234]

If you look at the graph, the decline in the middle class as well as the ascendence of the top 1% has been consistent for years, proving the covid lockdowns are a very miniscule factor. for the past 100 years there has been like... 3 years with deflation, several years with double digit inflation and typically an annual 3% inflation. Why is inflation harmful? Well, the $10k you have saved in your bank account now has $9700 in value compared to yesterday's, whereas assets are growing... and who owns all of the assets? Billionaires and corporations. Small 3% increments over a lot of years and THAT is what's bringing us to the trend represented in the graphs. People are fed these npc talking points that create these tribal politics as a smokescreen... hell look at this thread. Literally right off the bat it's "THIS WOULDN'T HAVE HAPPENED IF YOU VAXCUCKS DIDN'T SUPPORT THE SHUTDOWNS". All the while we inject 3 trillion into the stock market to grease the fatcats even further, which they just reinvest and create their own artificial money multiplier that kills the average Joe's savings. That is what we're seeing in real time.

And small businesses never stood a chance, they have been irrelevant if we're talking big picture overall market for years. CME alone owns like 30% of the S&P and the Dow and most people pretending to understand our market on here's never even heard of them.

So you attribute to the wealth gap to inflation, but not the inflation that occurred as a result of the pandemic? As if we didn't just witness the fastest and highest rate of inflation in our lifetime?

https://media4.giphy.com/media/J2DYCDA15pTau86IGr/giphy.gif?cid=6c09b952pc0efdteb4mv99m1xpjmr9uq88gy qgobkw13rv3v&ep=v1_gifs_search&rid=giphy.gif&ct=g

[Baller234]

Looks like most everything goes over your head. I am pointing out that society will naturally have to evolve into a communist state over time. We will simply have no choice. We are at the early stages of AI and automation removing our need to work. This will happen slowly over decades and it isn't a right or left thing. And it also has nothing to do with covid. It is just where technology is taking us.

So because of advances in AI and technology, citizens won't be allowed to own private property?

[Bill Gates]

So because of advances in AI and technology, citizens won't be allowed to own private property?
Ownership will still exist but incomes and salaries won't. That will be provided. Communism. Material objects and food and everything else will be automated for us so it won't matter much anyway.

[Baller234]

Ownership will still exist but incomes and salaries won't. That will be provided. Communism. Material objects and food and everything else will be automated for us so it won't matter much anyway.

So "the state" determines what you are and aren't allowed to have? "The state" provides everything? Including how much money you get to have?

And this sounds like a positive thing to you?

[Charlie Sheen]

Even if that were true, you can't just automatically attribute that to some corrupt system.

It could also be due to people's poor spending habits.
I will give you one example... bank deregulation. Want to take a guess what group saw their wealth decrease and what group saw their wealth increase?

That loss in home value reappeared in the recovery of the stock market. Want to take a guess which group has much greater share of their assets in stocks to recover their losses?

When you say something like the bold, you are thanking these people for robbing you blind because you can trample on someone less fortunate. You are not worried about doing better for yourself. Your primary concern is making sure there is always gonna be someone below you. That attitude is holding everyone back because it fractures any attempt at massive organization to claim enough power that will produce real effective change.

[Bill Gates]

So "the state" determines what you are and aren't allowed to have? "The state" provides everything? Including how much money you get to have?

And this sounds like a positive thing to you?

It is what we have been working toward from the start. Everything is provided, anything we want automated at the snap of a figure. Everyone is wealthy. No one needs to work. Everyone is in good health.

It has everything to do with advancements in technology, and nothing to do with politics. Which is something society today seems to ignore. Technology is what is shaping the quality our lives, not Trump or Biden.

[Baller234]

I will give you one example... bank deregulation. Want to take a guess what group saw their wealth decrease and what group saw their wealth increase?

That loss in home value reappeared in the recovery of the stock market. Want to take a guess which group has much greater share of their assets in stocks to recover their losses?

When you say something like the bold, you are thanking these people for robbing you blind because you can trample on someone less fortunate. You are not worried about doing better for yourself. Your primary concern is making sure there is always gonna be someone below you. That attitude is holding everyone back because it fractures any attempt at massive organization to claim enough power that will produce real effective change.

You're making an awful lot of assumptions about what I think.

I don't doubt the powers that be secretly doing what they can to horde more wealth for themselves. I'm just saying that's not a reason to ignore personal responsibility.

I can't just automatically assume that because someone is living check to check, it's the fault of some corrupt system. I would need to know what their spending habits are as well. There are plenty of people who don't save money and live above their means.

[Baller234]

It is what we have been working toward from the start. Everything is provided, anything we want automated at the snap of a figure. Everyone is wealthy. No one needs to work. Everyone is in good health.

It has everything to do with advancements in technology, and nothing to do with politics. Which is something society today seems to ignore. Technology is what is shaping the quality our lives, not Trump or Biden.

When you say everything is "provided"... provided by who? The state? Okay well who's funding the state?

More importantly, who is overseeing the state?

[Charlie Sheen]

You're making an awful lot of assumptions about what I think.

I don't doubt the powers that be secretly doing what they can to horde more wealth for themselves. I'm just saying that's not a reason to ignore personal responsibility.

I can't just automatically assume that because someone is living check to check, it's the fault of some corrupt system. I would need to know what their spending habits are as well. There are plenty of people who don't save money and live above their means.

Fair.

People want to live near job centers. Census data reflects that majority of those people are burdened by the cost of rent https://www.census.gov/library/stories/2022/12/housing-costs-burden.html

Their margin for savings are shrinking.

[j3lademaster]

When you say everything is "provided"... provided by who? The state? Okay well who's funding the state?

More importantly, who is overseeing the state?No one knows yet, not that it's relevant to that particular conversation. There WILL be a point where automation takes over any job a human can do, and be able to do it better. At that point, there will be no jobs offered people, thus commerce will cease to exist altogether. How is Coca Cola supposed to sell their products if no one has jobs because everyone's unemployed?

[Bill Gates]

When you say everything is "provided"... provided by who? The state? Okay well who's funding the state?

More importantly, who is overseeing the state?

Provided by AI and automation, robots. Technology. Your home computer. Your metaverse code, etc. You won't be seeing a doctor or other humans for your health needs, you'll be seeing AI in your own home. A home that was created by robots at to your exact liking. You won't care about ownership because there is no longer a reason to care.

Again, you don't need to worry about this, because you won't live to see it. I am just pointing out that we are headed toward pure communism anyway.

[j3lademaster]

Provided by AI and automation, robots. Technology. Your home computer. Your metaverse code, etc. You won't be seeing a doctor or other humans for your health needs, you'll be seeing AI in your own home. A home that was created by robots at to your exact liking. You won't care about ownership because there is no longer a reason to care.

Again, you don't need to worry about this, because you won't live to see it. I am just pointing out that we are headed toward pure communism anyway.It's in our nature to destroy ourselves before then anyways.

[Bill Gates]

It's in our nature to destroy ourselves before then anyways.

I disagree. Humanity will conquer space, death, and everything else. There may be some rough bumps along the way, but the future is ours and we will take it.

[RRR3]

I don't know, I seem to recall one side being very insistent on re-opening businesses and getting kids back to school as soon as they could. In fact those cities and states were demonized for doing so.

Meanwhile I remember the other side fighting tooth and nail to keep the lockdowns going indefinitely for as long as they could, except of course when it came to the St. Floyd celebrations.

We will not allow you vax boys to rewrite history on this.
So your position is that the Republican Party is doing things to address the wealth gap?

Are you retarded?

[RRR3]

I will give you one example... bank deregulation. Want to take a guess what group saw their wealth decrease and what group saw their wealth increase?

That loss in home value reappeared in the recovery of the stock market. Want to take a guess which group has much greater share of their assets in stocks to recover their losses?

When you say something like the bold, you are thanking these people for robbing you blind because you can trample on someone less fortunate. You are not worried about doing better for yourself. Your primary concern is making sure there is always gonna be someone below you. That attitude is holding everyone back because it fractures any attempt at massive organization to claim enough power that will produce real effective change.
:applause: :applause: :applause:

[Baller234]

So your position is that the Republican Party is doing things to address the wealth gap?

Are you retarded?


"Are you retarded?"

- asks the so called anti-establishment anarchist who willingly volunteered to take an experimental government vaccine


:oldlol: :oldlol: :oldlol:

[warriorfan]

Vax cucks squirming hard while trying to re write history :roll: :roll:

this is peak mental illness

[RRR3]

"Are you retarded?"

- asks the so called anti-establishment anarchist who willingly volunteered to take an experimental government vaccine


:oldlol: :oldlol: :oldlol:
Poor guy couldn’t even answer the question :yaohappy:

[tpols]

He is saying the pandemic is disguising a fire that was already raging. Wealth redistribution to the 1% has been coming out of your pocket or your parents pockets for the last 40 years.

I agree with that rich people have been scamming the system since forever everywhere. That doesn't discount that the plandemic was purposely orchestrated to light that fire even harder.

[tpols]

If you look at the graph, the decline in the middle class as well as the ascendence of the top 1% has been consistent for years, proving the covid lockdowns are a very miniscule factor. for the past 100 years there has been like... 3 years with deflation, several years with double digit inflation and typically an annual 3% inflation. Why is inflation harmful? Well, the $10k you have saved in your bank account now has $9700 in value compared to yesterday's, whereas assets are growing... and who owns all of the assets? Billionaires and corporations. Small 3% increments over a lot of years and THAT is what's bringing us to the trend represented in the graphs. People are fed these npc talking points that create these tribal politics as a smokescreen... hell look at this thread. Literally right off the bat it's "THIS WOULDN'T HAVE HAPPENED IF YOU VAXCUCKS DIDN'T SUPPORT THE SHUTDOWNS". All the while we inject 3 trillion into the stock market to grease the fatcats even further, which they just reinvest and create their own artificial money multiplier that kills the average Joe's savings. That is what we're seeing in real time.

And small businesses never stood a chance, they have been irrelevant if we're talking big picture overall market for years. CME alone owns like 30% of the S&P and the Dow and most people pretending to understand our market on here's never even heard of them.


Inflation literally exploded right in the year or two wake after the start of the "pandemic". We just had the highest inflation rate in the past 40+ years right after it.

https://i.postimg.cc/SRzxcV8Y/Screenshot-20240219-154217-Chrome.jpg

How can you explain that away?

[tpols]

And honestly... even if 100s of millions of people didn't fall for the scam they still could've made it happen. Just arrest anybody that disagrees and the rest will fall in line out of fear.

[j3lademaster]

Inflation literally exploded right in the year or two wake after the start of the "pandemic". We just had the highest inflation rate in the past 40+ years right after it.

https://i.postimg.cc/SRzxcV8Y/Screenshot-20240219-154217-Chrome.jpg

How can you explain that away?The pandemic didn't put it into motion, the 2017 tax cuts did. When you cut taxes for the wealthy, they invest it and it exacerbates the money multiplier. Hedgefunds have been playing with the idea of single family homes for years, and it was always seen as a low reward investment that requires a lot of capital, so historically that idea has fallen through. However, if you give the already billionaires more money and they start running out of things to invest in(you can't oversaturate a market, you need people to lose money so you can earn it), then they invest in the next thing and then the next thing- each marginally less rewarding than the last until they finally have their hands in buying homes. Investing in companies like Offerpad. This lead to an all-time high level of assets being owned by the 1%, and since inflation increases assets vs dollars at a disproportionate amount that created the largest wealth transfer. It's an improved version based on the Reagan tax cuts. The FED artificially injected inflation in the late 70's/ early 80's for the express purpose of a huge wealth transfer. We were seeing 9, 12, 13% annual inflations; almost twice as bad as '21. They learned from that this time and waited for the tax cuts before inflating the market, instead of inflating in the middle of the cuts. Again, the FED injected 3.2 trillion into the stock market to specifically with the goal of inflating assets at the expense of killing the average Joe's dollar. We were going to see decades record inflation regardless. And I'm not saying the pandemic had no effect, it obviously did. The reason people felt the pandemic more was because it was more personal as well as propagandized. It was shutting down bodegas you've been going to since you were a kid, etc. so you feel a bigger impact than it is because it's happening in your neighborhood and you're seeing it, but(not trying to sound callous) small businesses are such a small impact on our total economy.

[Bill Gates]

Fall for the scam? :oldlol: Every country had to bail out and inflation, otherwise their economies would have completely collapsed. This is just how it was no matter what any government said to their population. China tried to hide covid from their public but they couldn't. Society stopped going to airports on their own and those would have been the first to fall without a bailout. It would have dominoed from their. House of cards.

No matter what your opinion of covid is, you can't make people go outside and spend money. And during covid where some business fell others thrived. It didn't really stop the flow of spending, it only changed the flow.

All of this happened under the leadership of Trump btw, but it was the only thing he could do to prevent an outright collapse so it doesn't matter who was for it or against it, it was the only option.

[Baller234]

Poor guy couldn’t even answer the question :yaohappy:

That's because it was a retarded fukking question.

We all saw it with our own eyes. Red states on average re-opened and went back to normal wayyyy before the blue states did. The blue states did everything they could to delay and delay delay, while at the same time using the left wing news media to bash the red states and scare people into staying home longer. Some students were kept out of school for close to 2 fukking years. I live in a blue state. I experienced the madness and saw it with my own eyes.

There's no question that the republicans were more sane and more rational during covid, so I really don't give a fukk about your whataboutisms in this case. If you wanna cry about the middle class getting shafted, point your finger at the vax cucks.

That means you.

[RRR3]

He actually thinks one of the parties cares about the wealth gap :yaohappy:


But he’s antiestablishment you guys!

[Baller234]

j3lademaster: "The wealth gap is due to inflation!"


:: pandemic happens, we print trillions, inflation skyrockets higher and faster than any point in modern history ::


j3lademaster: "I'm not talking about that inflation!"


Like wtf is this dude even saying.

[Baller234]

He actually thinks one of the parties cares about the wealth gap :yaohappy:


But he’s antiestablishment you guys!

I didn't say the republicans are out to fix the wealth gap, I said they were more sane and rational during Covid.

Now go get your 5th booster shot.

[RRR3]

I don't know, I seem to recall one side being very insistent on re-opening businesses and getting kids back to school as soon as they could. In fact those cities and states were demonized for doing so.

Meanwhile I remember the other side fighting tooth and nail to keep the lockdowns going indefinitely for as long as they could, except of course when it came to the St. Floyd celebrations.

We will not allow you vax boys to rewrite history on this.
This was said in response to me saying neither party will do anything to address the wealth gap and we’re screwed no matter how we vote. “Boo-boo-boo-buh-buh-buh-but I didn’t say the republicans would address it! :cry:”



Bitty baby brain bawler thinks everyone has the same horrible memory he has :lol

[Baller234]

This was said in response to me saying neither party will do anything to address the wealth gap and we’re screwed no matter how we vote. “Boo-boo-boo-buh-buh-buh-but I didn’t say the republicans would address it! :cry:”



Bitty baby brain bawler thinks everyone has the same horrible memory he has :lol

And yet clearly it does matter how you vote, because as I just pointed out to you... there was a clear difference in the way red and blue states governed during Covid.

In blue states you couldn't even eat indoors for an entire year. Then when you could, the restaurant couldn't serve you without proof of vaccination. Geez I wonder how all the local restaurant owners felt about that. I'm sure that was a huge boon to their business.

Tell us more how you just feel so bad for the working class and how it doesn't matter who you vote for.

[RRR3]

And yet clearly it does matter how you vote, because as I just pointed out to you... there was a clear difference in the way red and blue states governed during Covid.

In blue states you couldn't even eat indoors for an entire year. Then when you could, the restaurant couldn't serve you without proof of vaccination. Geez I wonder how all the local restaurant owners felt about that. I'm sure that was a huge boon to their business.

Tell us more how you just feel so bad for the working class and how it doesn't matter who you vote for.
So we’re back to the Republicans care about the working man. Ignoring everything they do in office like giving massive tax breaks to the super rich and screwing over the poor not to mention gutting social programs. You can’t respond with “boo-buh-but the dems did this bad thing” because Democrats being bad doesn’t mean the Republicans help the working class :hammerhead:

Are you seriously too stupid to realize two things can be bad for different reasons?

[Baller234]

So we’re back to the Republicans care about the working man. Ignoring everything they do in office like giving massive tax breaks to the super rich and screwing over the poor not to mention gutting social programs. You can’t respond with “boo-buh-but the dems did this bad thing” because Democrats being bad doesn’t mean the Republicans help the working class :hammerhead:

Are you seriously too stupid to realize two things can be bad for different reasons?

Uh, I never said the republicans were "good". All politicians are self serving. It just so happens that the republican party has been hijacked by Trump, therefore the republicans are beholden to him. Meanwhile the democrats are beholden to globalists and foreign enemies.

Inflation is where it is right now mostly due to left wing hysteria and left wing authoritarianism, so do us all a favor and stop pretending you give a flying fukk about inflation.

[Charlie Sheen]

Society stopped going to airports on their own and those would have been the first to fall without a bailout..

More to the story than that. Airlines understated their debt. All of their debt from leasing activity needed to go on the balance sheet from a change in accounting standard. That industry was going to be in trouble no matter what because there are a number of other triggers that would have affected demand.

[RRR3]

Uh, I never said the republicans were "good". All politicians are self serving. It just so happens that the republican party has been hijacked by Trump, therefore the republicans are beholden to him. Meanwhile the democrats are beholden to globalists and foreign enemies.

Inflation is where it is right now mostly due to left wing hysteria and left wing authoritarianism, so do us all a favor and stop pretending you give a flying fukk about inflation.
I don't think I even mentioned inflation, but if you think the Democrats (who are not left wing by any means) are the only guilty party in the wealth gap you aren't paying attention. You keep raging about strawmen you create, an anarchist obviously wouldn't agree with a government forcing people to do anything. I think people probably should take the vaccine and should have social distanced until the vaccine was ready, but I was never in favor of forcing the issue. You keep creating viewpoints to argue against because you're too stupid to view people who oppose your views as individuals and you just view them all as some vague bogeyman stereotype created for you by Tucker Carlson. Your argument to vote for Republicans is because the Democrats were the ones championing shutting down stuff during a freak occurence? Do you think pandemics are common? In order for your argument to make sense the Republicans would have to be better for the working class in general or at least equal. Make the case they are then. Let's hear it.

Also Trump not being beholden to foreign interests is hysterical. What reality are you living in? Bro loves the Saudis.

[bladefd]

I agree with that rich people have been scamming the system since forever everywhere. That doesn't discount that the plandemic was purposely orchestrated to light that fire even harder.


And honestly... even if 100s of millions of people didn't fall for the scam they still could've made it happen. Just arrest anybody that disagrees and the rest will fall in line out of fear.

:roll:

Why are you always the conspiracy nut?

[warriorfan]

Inflation literally exploded right in the year or two wake after the start of the "pandemic". We just had the highest inflation rate in the past 40+ years right after it.

https://i.postimg.cc/SRzxcV8Y/Screenshot-20240219-154217-Chrome.jpg

How can you explain that away?

These dudes have gone into full shill mode

This is really sad to watch to be honest

I’ll be praying for them

[j3lademaster]

j3lademaster: "The wealth gap is due to inflation!"


:: pandemic happens, we print trillions, inflation skyrockets higher and faster than any point in modern history ::


j3lademaster: "I'm not talking about that inflation!"


Like wtf is this dude even saying.I don't expect you to understand my response, so this is more for anyone else viewing my answer.

The focus of my post isn't inflation, I was simply explaining in layman's how inflation affects assets vs earnings/savings. The focus should be the 2017 tax cuts giving the 1% a huge transfer of assets, everything down to single family homes; thus exacerbating any kind of inflation. The inflation we're seeing right now isn't unprecedented, we had comparably bad years in the early 90's and much worse in the late 70's/early 80's, even a ~13% year which almost doubles 2021's annual inflation. What IS unprecedented is how much of the assets the 1% owns right now. Now, I know you have trouble with nuance, so I'll say this never have I said the pandemic didn't affect inflation and I think it's pretty obvious from my previous posts I think inflation is generally bad for the population as a whole. My original question was this:


Do you think it was moreso that, or the continuous tax cuts for the rich while bolstering deficit spending in order to artificially inject inflation via our privatized FED system?

It's really shortsighted to think the pandemic alone caused all of this, and we didn't have one of the most dangerous tax cuts in 2017. Also


inflation skyrockets higher and faster than any point in modern history

That isn't true, unless you don't count the 80's as 'modern history'.