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You were inferring things that were not meant to be inferred. I heard nobody say their opinions about rich people regarding the market tomfoolery.
why would you say that? The issue with that isn't who made money, it's how the money was made. The billionaires got "early access" to more money.
Because the Bloomberg article made it sound like only investors who are billionaires made out. And the thought crossed my mind that there's millions of investors who aren't billionaires.
Here's the thing though. When a person says "made it sound like", that is not about the source they are reading, it's about their own bias in how they read the article.
There is a difference in condemning billionaires who enriched themselves through insider trading, tax fraud, corner cutting, etc. than in condemning "billionaires." Not every billionaire engages in criminal behavior. Look at Warren Buffett, the Oracle of Omaha. Not only is he honest, he also lives in the same home he bought in the 1950's, believes he should pay the same tax rate as his secretary (his is lower), and is giving almost all his vast fortune to charity when he dies.
He's 94, still doing business full time, and his diet is pretty much the same as you know who. Which gives me hope for Trump having a fourth term. And the Bloomberg blurb sounded like it was talking about all billionaires and rich people, as if they're the only ones who make money from playing the stock market. Which is kinda goofy to me considering the founder of Bloomberg has a net worth of $105 billion. How does he compare to Buffett?
It didn't make any distinction. It just carped about billionaires making money playing the stock market. There's a huge difference between playing the stock market and having a 401k. And there's plenty of plain ol ordinary folks play the stock market. Which is always a gamble.
When was the times tariffs were turned on and off. I know the latest was a pause not turned off. So what are those 3 or 4 times.
How about a little self awareness. Yes, people with 401ks are taking a beat down right now. I am. Yes people trying to create a nest egg to retire with don't have the time, or in some cases pending how the plans are set up, the ability to stock trade like those with money. So instead of Trump bragging, yet again, how the rich are making out like bandits. How about he take pause and consider what he himself is putting the vast majority of Americans with savings through.
That requires empathy, a quality he seems completely lacking in.
The word "empathy" is on its way to being as overused to the point of meaninglessness as "racist".
Bloomberg is very much in favor of sensible gun regulation, is a strong supporter of progressive causes, and wrote a book on the climate crisis with the president of the Sierra Club.
Yes, and I think it's tripe. Do you really think what's going on with the stock market right now is going to have a devastating impact on your 401k 38 years from now?
