S&P500 is plunging almost as fast as Trumps popularity.
Trump wants to send children up chimneys and work down mines
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now what was it you thought was the answer oh yeah this is what you put
.
Scotland:
- Maximum Hours: 14-year-olds can work a maximum of 2 hours on weekdays and Sundays, and 5 hours on Saturdays.
- Working Hours: They can work up to 5 hours a day, with a maximum of 25 hours a week during school holidays.
what does that matter to you thought you didnt want the rich getting richer you should be happy
despite wiping over $100bn off his stock, Musk is still the worlds richest man with over $300bn and Warren Buffet actually made money since Trump's tariff war kicked off.
I read that Warren Buffet has liquidated his assets for 350billion dollars, that would make him richer than Musk.
Also Buffets wealth is in hard cash while Musk appears to be a paper billionaire.
Berkshire Hathaway have for a time been moving over to cash. Whilst Warren Buffet is more or less Berkshshire Hathaway, and he is incredibly wealthy, Berkshire is a fund managed by Warren on behalf of other people.
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There was some guru wag on Bloomberg who said something like:
You need those rich people. They make things work.
If you took all the money from the rich people
and gave it to the poor people
you'd have a lot more poor people.
Discuss for homework.....
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Trickle down theory.
Doesn't work.
And I am not advocating sharing all the wealth around to make everybody equal, that doesn't work either.
What is needed is very simple, a wage that people can live properly on. A fair days work should equal a fair days pay, and people will spend that money on the goods being made and sold and the cycle can keep going on. Make it so that people can't afford to buy and it is very short term wealth for the few.
Look where we are right now for the proof. People working but can't afford anything other than cheap stuff just to exist on. Business can't survive and progress if there is no market .
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I guess you don’t know it’s possible to make more money and faster by wealth destruction than wealth creation….if you are rich
But you claimed Trump was a “man of people” …..they aren’t gonna do well out of it, they are gonna be fekked badly.
“There is only a sparse handful of exceedingly rich countries that could begin to afford to maintain the bulimically wasteful expense of an American democracy.”
The example is not "trickle down theory".
The point is that (a sizeable portion) of the framework in which people better themselves comes from the efforts of "the rich".
except in the case of Trump who remains the only man to start with a billion and end up with a million without the fuss of buying a footballs club.
Up the Saddlers!
Must try harder.
Strawman argument.
It is not about giving everybody an equal amount of money.
It is about a fair wealth distribution where ordinary working people can afford a reasonable life, buy food, energy and security of a home.
Wealth inequality has risen steadily since the 1970s, and it jumped significantly during the post GFC period, then its jumped massively post covid.
If you want homework: have a think whether it’s people with a small discretionary income or one with a huge discretionary income that consume and grow the economy.