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Stocks continue to fall due to lack of job creation...

naturalmwa said:
The top 20% own 85% of the nation's wealth. On even a non-progressive scale they should be paying at least that much of the taxes. Add in progressivity and it should be more. 70% isn't enough.
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The imbalance in income and wealth isn't caused by the top 20% hell it isn't caused by most even in the top 1%. I wish people would stop focusing on those in a $250k - to even $1mm (just to throw a number out) category bc these folks spend a lot of their disposable money back into the economy (kids, housing, cars, etc) and they pay for everything w little/no govt benefits (healthcare, education, etc) we want more of these people.

The wealth and income distribution imbalance is mainly caused by a select few in that top 1%. Lets not demonize upper middle income people and lump them into the same group as the mega wealthy.
 
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N_fuego said:
Whether we blame Obama for the poor jobs report or not, we still have the future to look forward to.

And thanks to our friends at russia-insider.com, the future could look like this.

Hillary.jpg


Yes folks, that's russia-insider.com.
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Wider and cover the teeth.
 
naturalmwa said:
The top 20% own 85% of the nation's wealth. On even a non-progressive scale they should be paying at least that much of the taxes. Add in progressivity and it should be more. 70% isn't enough. Now 93% seems closer.
Click to expand...
Well then Natural, you should be quite happy, happy, happy. As the taxes that they pay, make it so that you don't have to. Not to mention that all those goods and services around you? They brought em' to ya.
They pretty much do pay around 93% of all taxes by the way. What else do you want from them you silly bear?
 
unIowa said:
The imbalance in income and wealth isn't caused by the top 20% hell it isn't caused by most even in the top 1%. I wish people would stop focusing on those in a $250k - to even $1mm (just to throw a number out) category bc these folks spend a lot of their disposable money back into the economy (kids, housing, cars, etc) and they pay for everything w little/no govt benefits (healthcare, education, etc) we want more of these people.

The wealth and income distribution imbalance is mainly caused by a select few in that top 1%. Lets not demonize upper middle income people and lump them into the same group as the mega wealthy.
Click to expand...
I'm just following along. I didn't pick the 20% figure.
 
unIowa said:
The imbalance in income and wealth isn't caused by the top 20% hell it isn't caused by most even in the top 1%. I wish people would stop focusing on those in a $250k - to even $1mm (just to throw a number out) category bc these folks spend a lot of their disposable money back into the economy (kids, housing, cars, etc) and they pay for everything w little/no govt benefits (healthcare, education, etc) we want more of these people.

The wealth and income distribution imbalance is mainly caused by a select few in that top 1%. Lets not demonize upper middle income people and lump them into the same group as the mega wealthy.
Click to expand...
92125-thats-right-ice-man-gif-Tom-Cr-JALd.gif
 
MemorialRedWarrior said:
Not my question to answer, but I would be interested in this information myself if you can kindly produce some links. TIA.
Not meaning to generalize, but are we speaking Billionaires and Billionaires only?
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It's a 20 point drop in the Dow, why are you guys having a winger-gasm?
 
DavenportHawk8 said:
I now just take our investment statements and burn them. I can't touch it until age 65, so Ive got a few years before that comes.

The Stock market will be up and down forever. No bother in looking at it daily.

Also there are job losses, could of fooled me. Why did I pass 4-5 businesses this morning with signs posted, "help wanted". Its probably because these are entry level jobs and everyone is looking for the CEO type pay jobs. Good Luck finding that.
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Yep, they want CEO pay for washing windows - let's see how that works.
 
HawktimusPrime said:
Well then Natural, you should be quite happy, happy, happy. As the taxes that they pay, make it so that you don't have to. Not to mention that all those goods and services around you? They brought em' to ya.
They pretty much do pay around 93% of all taxes by the way. What else do you want from them you silly bear?
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I am pretty happy. My lot both personally and politically has improved tremendously in the last half decade. You're the one who thinks the nation is in the dumpster where I see a golden age on the horizon if we just maintain course.
 
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naturalmwa said:
I'm just following along. I didn't pick the 20% figure.
Click to expand...

The issue as i see it is people like to focus on the % groups and have little understanding what they mean and who makes up the groups. Then you have those who don't earn much that believe $250k is some sort of lottery winning and for some reason think once people get to this magic number they will never fall out of it. But people float in and out of this category quite often bc most are job dependent at that level.

I wish people would focus on those dollar amounts that throw the system in an imbalance.
 
DavenportHawk8 said:
I now just take our investment statements and burn them. I can't touch it until age 65, so Ive got a few years before that comes.

The Stock market will be up and down forever. No bother in looking at it daily.

Also there are job losses, could of fooled me. Why did I pass 4-5 businesses this morning with signs posted, "help wanted". Its probably because these are entry level jobs and everyone is looking for the CEO type pay jobs. Good Luck finding that.
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They're looking for entry-level employees, but the potential employees are better off not working.
 
Anything near or above 200,000 jobs is considered healthy and economists surveyed by CNNMoney predicted there would be 204,000 jobs gained in the month.

"It's a very disappointing report across the board," says Sung Sohn, an economics professor at California State University, Channel Islands. "The U.S economy is really buckling under the pressure of a global economic slowdown."

The unemployment rate stayed at 5.1%, its lowest level in 7 years.

The Labor Department revised down job gains in July by 22,000 and August by 37,000. In August, the economy only added 136,000 jobs down from the first estimate of 173,000. The weak September jobs report could be a sign that slowing global economic growth is beginning to hurt the U.S. job market
 
I really think anyone that talks about the market needs to make a disclaimer whether they've been in it or missed out on the last 6 years.

big.chart
 
naturalmwa said:
The top 20% own 85% of the nation's wealth. On even a non-progressive scale they should be paying at least that much of the taxes. Add in progressivity and it should be more. 70% isn't enough. Now 93% seems closer.
Click to expand...
According to the CNN money artical I've found the top 1% make 19% of the gross money in the US. They pay 35% of all federal taxes. Sorry I could copy and paste link. My phone is no good at that.
 
HawktimusPrime said:
It was a 200 point drop this morning genius.
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He's quoting the market at the time he posted, but I'm sure you knew that. The thing most everyone knows is that the jobs report almost always triggers a knee jerk reaction in either direction, and today was no exception. Actually at the time I'm posting this...the Dow is up 80.

The jobs creation numbers from the last few years is actually quite stunning considering how companies downsized after the 2008/2009 meltdown. They discovered how to maximize production with fewer employees in many cases. Technology thing, you know.

Now... if you want to argue how ACA or minimum wage affects employment... that's another story. But the fact remains... the economy is leaps and bounds ahead of where it was when Obama took office.

Now the GOP likes to argue job participation numbers, which NO ONE ever did when Bush was Prez. It's nitpicking and selective criticism at its' zenith.

Both Parties are guilty of fact twisting, as are a share of posters in this thread.
 
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Besthawkfan said:
According to the CNN money artical I've found the top 1% make 19% of the gross money in the US. They pay 35% of all federal taxes. Sorry I could copy and paste link. My phone is no good at that.
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That might be true too. I said wealth, not income.
 
Vroom_C14 said:
Yep, they want CEO pay for washing windows - let's see how that works.
Click to expand...

I seriously drive around town and see help wanted signs all over the place. Granted some of these jobs are waitress jobs, but I have seen some for companies. To say there is a job shortage is crazy. There are jobs out there, its just no one wants to do them. They would rather live off of the government and get the free hand outs.
 
naturalmwa said:
The top 20% own 85% of the nation's wealth. On even a non-progressive scale they should be paying at least that much of the taxes. Add in progressivity and it should be more. 70% isn't enough. Now 93% seems closer.
Click to expand...
How much taxes do you think they should pay? It looks like you are going for 85%.
 
Vroom_C14 said:
Anything near or above 200,000 jobs is considered healthy and economists surveyed by CNNMoney predicted there would be 204,000 jobs gained in the month.

"It's a very disappointing report across the board," says Sung Sohn, an economics professor at California State University, Channel Islands. "The U.S economy is really buckling under the pressure of a global economic slowdown."

The unemployment rate stayed at 5.1%, its lowest level in 7 years.

The Labor Department revised down job gains in July by 22,000 and August by 37,000. In August, the economy only added 136,000 jobs down from the first estimate of 173,000. The weak September jobs report could be a sign that slowing global economic growth is beginning to hurt the U.S. job market
Click to expand...
That's just not true. The unemployment rate is only so low because Obama's labor dept changed the way it figures the stat. People are who are unemployed but no longer looking for work are not figured in the number. In addition 200,000 jobs a month is only healthy if you consider being barely kept afloat is somehow healthy. This much is true..... This is the slowest recovery in modern history(almost half the normal growth rate)
 
aflachawk said:
That's just not true. The unemployment rate is only so low because Obama's labor dept changed the way it figures the stat. People are who are unemployed but no longer looking for work are not figured in the number. In addition 200,000 jobs a month is only healthy if you consider being barely kept afloat is somehow healthy. This much is true..... This is the slowest recovery in modern history(almost half the normal growth rate)
Click to expand...

Really?

http://www.bls.gov/opub/mlr/1995/10/art3full.pdf
 
MitchL said:
But, But... I thought the Dow was DOWN 200 by the early posts in this thread? What happened? Did Obama resign and was McCarthy appointed President?
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We don't look at long-term trends anymore. The Dow was up 475 in the last 6 hours of trading today.
 
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Well that takes the cake! DJIA up more than 200 for the day. Where are the HROT bigwigs celebrating tonight?
 
N
cigaretteman said:
Wingnut mythology dies hard. Much like they're willfully ignorant on climate change, they cling to long disproven myths no matter how many times they're disproven.
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You're the wingnut ciggy, I adhere to no wing. I am superior and that is life.
 
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