Discussion:
The Demographics on Who Really Owns Stocks in America
(too old to reply)
Steve
2014-02-04 12:13:58 UTC
Permalink
You're most likely to have money in the stock market if you're a university-educated white male and registered voter right wingnut aged 50-64 earning over $75,000 per year. Anything other or less than that and you're increasingly out of the stock market wealth game.
"A Pew Research Center study in April found that the upper 7% of Americans as far as mean net worth saw their wealth rise an estimated 28% while the mean net worth of households in the lower 93% dropped by 4% between 2009 and 2011.
Driving this was the fact that affluent households have far more of their money in stocks and other financial holdings, and they reaped the benefits of the rise in the markets. Less affluent households typically have their wealth concentrated in the value of their homes, and while the housing market has started to rebound, it did not see the kind of surge that the markets had.
This finding was underlined by a report issued this week by the Federal Reserve in a section analyzing "How Much Household Wealth Has Been Recovered," (p. 14).
Of the total recovery, 62% of the gain was due to increased stock market wealth, the analysis said. "Stock wealth is unevenly held, with the vast majority of stocks owned by a relatively small number of wealthy families. Thus, most families have recovered much less than the average amount.""
http://www.pewresearch.org/fact-tank/2013/05/31/stocks-and-the-recovery-majority-of-americans-not-invested-in-the-market/
.
What is your point?
The point is obvious, stupid. The stock market is owned by the wealthy few who not only have the means to plow into it far more cash than the small people, but also reap far more cash in return as a result, so when the market booms, the filthy rich rake it all in disproportionately. Getting rich on the stock market is a fantasy that can only be pursued and realized by the rich because putting in only a measly $100 a month or even week into it won't get you very far.
Are you trying to incite more wealth envy by
pointing out that the evil, nasty, filthy rich "reaped the benefits of
the rise in the markets...between 2009 and 2011" while the average Joe
is losing ground???
Well, that gain between 2009 and 2011 is simply a partial recovery of
their losses during the crash in 2007.
Here is a graph of the S&P500 from Jan 1, 2007 to Dec 31, 2011.
"the upper 7% of Americans as far as mean net worth saw their wealth rise an estimated 28% while the mean net worth of households in the lower 93% dropped by 4% between 2009 and 2011"
It doesn't matter what your stupid chart shows, the fact is that the rich are still rich, or more like richer, while everyone else got poorer. Not to mention that it's over two years after 2011 and they've gotten even richer still while everyone else got poorer still. Boy, you're stupid.
http://tinyurl.com/ncrju3q
OR
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=sp500&uf=0&type=2&size=2&sid=3377&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&startdate=1/4/2007&enddate=12/31/2011&rand=806774399&compidx=SP500&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1
.
Ya Right; Me and my "stupid chart".
How silly of me to subject you to facts and data that would get in the
way of your prejudice and bias.
What did your chart prove? Nothing. It's just a meaningless illustration of lines going up and down without any relation or context as to what's behind the lines. At least give me percentages as to how many rich people made how much money and how many small people lost money, and then compare the percentages of how so few could disproportionately amass so much against so many ending up with so little. But not even that, nada. Stupid chart, stupid you.
<LOL> Showing facts to wy will only confuse the old sow...
Mr. B1ack
2014-02-04 13:21:16 UTC
Permalink
The gist of this debate seems to be that smart, educated
people buy stocks and make investments and make lots
of money from them - while stupid, ignorant people don't
bother and tend to become po' boys.

Clearly the solution is to keep everyone ignorant and
possibly induce brain-damage in the smart kids ....
that way everyone will be equally poor and life will
seem more 'fair' and 'just' :-)

Vonnegut did a great short story on this back in
the 50s when the "liberals" first started making
noise about "social justice" and such ....
Steve
2014-02-05 01:05:04 UTC
Permalink
Let me point out an obvious inconsistency in Rand's writing. She exalts selfishness as a virtue yet offers you heroes who selflessly put their lives on the line to defeat the (what? Fabian Socialists? Trade Unions?) liberal establishment -- whatever that is, democracy be damned -- and create a utopia devoted to the concept of selfishness and quid pro quo. John Galt even lets himself be tortured then tells his torturers how to fix the electrical grid so they can torture him some more. The character in the Fountainhead is pissed that the people who are paying him to design a building alter his design, so he blows it up in a fit of pique. This is the kind of pap that appeals to brainless adolescents. No thinking person can buy it. She's your hero? Grow up.
And then Rand had the nerve to apply for Social Security and Medicare, the very government programs she objected to. Yeah, when right wingnuts get old, feeble and broke, suddenly they become instant liberals.
Why shouldn't she?
Although she may disagree with SS and Medicare, these are two insurance
products that she was FORCED to purchase. Since she had to purchase the
products, shouldn't she receive the benefit of what she had purchased?
So convictions and principles don't mean a single thing when someone is "forced" to purchase something, do they? You know, just because one contributes to SS and Medicare doesn't mean they're "forced" to accept it in their old, feeble and dirt poor age if they've been dead set against it the whole time. Otherwise, can anyone spell H.Y.P.O.C.R.I.T.E.?
<much eye rolling> If the government forces me to buy something, I'm
sure as hell not going to give them a pass on delivering it to me...
Dumbass wy thinks one should buy something they don't need, and not
take delivery of something they were forced to pay for. No wonder the
ignorant old sow can't afford her own computer.
Steve
2014-02-05 02:09:21 UTC
Permalink
Post by Steve
Let me point out an obvious inconsistency in Rand's writing. She exalts selfishness as a virtue yet offers you heroes who selflessly put their lives on the line to defeat the (what? Fabian Socialists? Trade Unions?) liberal establishment -- whatever that is, democracy be damned -- and create a utopia devoted to the concept of selfishness and quid pro quo. John Galt even lets himself be tortured then tells his torturers how to fix the electrical grid so they can torture him some more. The character in the Fountainhead is pissed that the people who are paying him to design a building alter his design, so he blows it up in a fit of pique. This is the kind of pap that appeals to brainless adolescents. No thinking person can buy it. She's your hero? Grow up.
And then Rand had the nerve to apply for Social Security and Medicare, the very government programs she objected to. Yeah, when right wingnuts get old, feeble and broke, suddenly they become instant liberals.
Why shouldn't she?
Although she may disagree with SS and Medicare, these are two insurance
products that she was FORCED to purchase. Since she had to purchase the
products, shouldn't she receive the benefit of what she had purchased?
So convictions and principles don't mean a single thing when someone is "forced" to purchase something, do they? You know, just because one contributes to SS and Medicare doesn't mean they're "forced" to accept it in their old, feeble and dirt poor age if they've been dead set against it the whole time. Otherwise, can anyone spell H.Y.P.O.C.R.I.T.E.?
<much eye rolling>
Gay half-human Steve acting so gay with the eye rolling again.
<LOL> Apparently, wy knows of some gays who roll their eyes about
her... those gays must think the old sow is a fruitcake, too.
Post by Steve
If the government forces me to buy something, I'm
sure as hell not going to give them a pass on delivering it to me...
Dumbass wy thinks one should buy something they don't need, and not
take delivery of something they were forced to pay for. No wonder the
ignorant old sow can't afford her own computer.
Steve
2014-02-05 02:30:29 UTC
Permalink
Post by Steve
Post by Steve
Let me point out an obvious inconsistency in Rand's writing. She exalts selfishness as a virtue yet offers you heroes who selflessly put their lives on the line to defeat the (what? Fabian Socialists? Trade Unions?) liberal establishment -- whatever that is, democracy be damned -- and create a utopia devoted to the concept of selfishness and quid pro quo. John Galt even lets himself be tortured then tells his torturers how to fix the electrical grid so they can torture him some more. The character in the Fountainhead is pissed that the people who are paying him to design a building alter his design, so he blows it up in a fit of pique. This is the kind of pap that appeals to brainless adolescents. No thinking person can buy it. She's your hero? Grow up.
And then Rand had the nerve to apply for Social Security and Medicare, the very government programs she objected to. Yeah, when right wingnuts get old, feeble and broke, suddenly they become instant liberals.
Why shouldn't she?
Although she may disagree with SS and Medicare, these are two insurance
products that she was FORCED to purchase. Since she had to purchase the
products, shouldn't she receive the benefit of what she had purchased?
So convictions and principles don't mean a single thing when someone is "forced" to purchase something, do they? You know, just because one contributes to SS and Medicare doesn't mean they're "forced" to accept it in their old, feeble and dirt poor age if they've been dead set against it the whole time. Otherwise, can anyone spell H.Y.P.O.C.R.I.T.E.?
<much eye rolling>
Gay half-human Steve acting so gay with the eye rolling again.
<LOL> Apparently, wy knows of some gays who roll their eyes about
her... those gays must think the old sow is a fruitcake, too.
Apparently, half-human Steve IS gay. Only gays, and women, roll their eyes the way he does. Gawd, you're soooooo gay, Stupid Steve.
<chuckle> Apparently, Wy doesn't get out much. She'd rather spend her
time sitting on her fat ass watching her group home's TV or using the
group home's computer.
Steve
2014-02-05 02:34:58 UTC
Permalink
Post by Steve
Apparently, half-human Steve IS gay. Only gays, and women, roll their eyes the way he does. Gawd, you're soooooo gay, Stupid Steve.
<chuckle> Apparently, Wy doesn't get out much. She'd rather spend her
time sitting on her fat ass watching her group home's TV or using the
group home's computer.
And Stupid Steve doesn't deny he's gay. Interesting. And I thought I was joking all along.
<LOL> ...and that comes right after wy does not deny that she spends
her time sitting on her fat ass watching her group home's TV or using
the group home's computer.
Steve
2014-02-05 11:45:37 UTC
Permalink
Post by Steve
Post by Steve
Apparently, half-human Steve IS gay. Only gays, and women, roll their eyes the way he does. Gawd, you're soooooo gay, Stupid Steve.
<chuckle> Apparently, Wy doesn't get out much. She'd rather spend her
time sitting on her fat ass watching her group home's TV or using the
group home's computer.
And Stupid Steve doesn't deny he's gay. Interesting. And I thought I was joking all along.
<LOL> ...and that comes right after wy does not deny that she spends
her time sitting on her fat ass watching her group home's TV or using
the group home's computer.
There's only one wy here, so who the hell knows which wy you're referring to that isn't even part of the discussion. Hallucinating much, on top of rolling your eyes gayly and making out with that plastic blow up doll you call your wife when not eking out a sub-standard living via your Hey Little Girl lemonade that has you cutting back on internet expenses by $10 per month?
Fortunately, wy is too fat, too ugly, and too much of a social misfit
to have mated and passed along her inferior genes...
MattB
2014-02-06 08:03:46 UTC
Permalink
Post by Steve
Post by Steve
Let me point out an obvious inconsistency in Rand's writing. She exalts selfishness as a virtue yet offers you heroes who selflessly put their lives on the line to defeat the (what? Fabian Socialists? Trade Unions?) liberal establishment -- whatever that is, democracy be damned -- and create a utopia devoted to the concept of selfishness and quid pro quo. John Galt even lets himself be tortured then tells his torturers how to fix the electrical grid so they can torture him some more. The character in the Fountainhead is pissed that the people who are paying him to design a building alter his design, so he blows it up in a fit of pique. This is the kind of pap that appeals to brainless adolescents. No thinking person can buy it. She's your hero? Grow up.
And then Rand had the nerve to apply for Social Security and Medicare, the very government programs she objected to. Yeah, when right wingnuts get old, feeble and broke, suddenly they become instant liberals.
Why shouldn't she?
Although she may disagree with SS and Medicare, these are two insurance
products that she was FORCED to purchase. Since she had to purchase the
products, shouldn't she receive the benefit of what she had purchased?
So convictions and principles don't mean a single thing when someone is "forced" to purchase something, do they? You know, just because one contributes to SS and Medicare doesn't mean they're "forced" to accept it in their old, feeble and dirt poor age if they've been dead set against it the whole time. Otherwise, can anyone spell H.Y.P.O.C.R.I.T.E.?
<much eye rolling>
Gay half-human Steve acting so gay with the eye rolling again.
<LOL> Apparently, wy knows of some gays who roll their eyes about
her... those gays must think the old sow is a fruitcake, too.
Maybe a very ugly drag queen. :-))
Post by Steve
Post by Steve
If the government forces me to buy something, I'm
sure as hell not going to give them a pass on delivering it to me...
Dumbass wy thinks one should buy something they don't need, and not
take delivery of something they were forced to pay for. No wonder the
ignorant old sow can't afford her own computer.
---
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Steve
2014-02-06 11:39:09 UTC
Permalink
Post by MattB
Post by Steve
Post by Steve
Let me point out an obvious inconsistency in Rand's writing. She exalts selfishness as a virtue yet offers you heroes who selflessly put their lives on the line to defeat the (what? Fabian Socialists? Trade Unions?) liberal establishment -- whatever that is, democracy be damned -- and create a utopia devoted to the concept of selfishness and quid pro quo. John Galt even lets himself be tortured then tells his torturers how to fix the electrical grid so they can torture him some more. The character in the Fountainhead is pissed that the people who are paying him to design a building alter his design, so he blows it up in a fit of pique. This is the kind of pap that appeals to brainless adolescents. No thinking person can buy it. She's your hero? Grow up.
And then Rand had the nerve to apply for Social Security and Medicare, the very government programs she objected to. Yeah, when right wingnuts get old, feeble and broke, suddenly they become instant liberals.
Why shouldn't she?
Although she may disagree with SS and Medicare, these are two insurance
products that she was FORCED to purchase. Since she had to purchase the
products, shouldn't she receive the benefit of what she had purchased?
So convictions and principles don't mean a single thing when someone is "forced" to purchase something, do they? You know, just because one contributes to SS and Medicare doesn't mean they're "forced" to accept it in their old, feeble and dirt poor age if they've been dead set against it the whole time. Otherwise, can anyone spell H.Y.P.O.C.R.I.T.E.?
<much eye rolling>
Gay half-human Steve acting so gay with the eye rolling again.
<LOL> Apparently, wy knows of some gays who roll their eyes about
her... those gays must think the old sow is a fruitcake, too.
Maybe a very ugly drag queen. :-))
More like an elderly Chaz Bono...
Post by MattB
Post by Steve
Post by Steve
If the government forces me to buy something, I'm
sure as hell not going to give them a pass on delivering it to me...
Dumbass wy thinks one should buy something they don't need, and not
take delivery of something they were forced to pay for. No wonder the
ignorant old sow can't afford her own computer.
---
This email is free from viruses and malware because avast! Antivirus protection is active.
http://www.avast.com
MattB
2014-02-06 07:01:10 UTC
Permalink
Post by Steve
Let me point out an obvious inconsistency in Rand's writing. She exalts selfishness as a virtue yet offers you heroes who selflessly put their lives on the line to defeat the (what? Fabian Socialists? Trade Unions?) liberal establishment -- whatever that is, democracy be damned -- and create a utopia devoted to the concept of selfishness and quid pro quo. John Galt even lets himself be tortured then tells his torturers how to fix the electrical grid so they can torture him some more. The character in the Fountainhead is pissed that the people who are paying him to design a building alter his design, so he blows it up in a fit of pique. This is the kind of pap that appeals to brainless adolescents. No thinking person can buy it. She's your hero? Grow up.
And then Rand had the nerve to apply for Social Security and Medicare, the very government programs she objected to. Yeah, when right wingnuts get old, feeble and broke, suddenly they become instant liberals.
Why shouldn't she?
Although she may disagree with SS and Medicare, these are two insurance
products that she was FORCED to purchase. Since she had to purchase the
products, shouldn't she receive the benefit of what she had purchased?
So convictions and principles don't mean a single thing when someone is "forced" to purchase something, do they? You know, just because one contributes to SS and Medicare doesn't mean they're "forced" to accept it in their old, feeble and dirt poor age if they've been dead set against it the whole time. Otherwise, can anyone spell H.Y.P.O.C.R.I.T.E.?
<much eye rolling> If the government forces me to buy something, I'm
sure as hell not going to give them a pass on delivering it to me...
Dumbass wy thinks one should buy something they don't need, and not
take delivery of something they were forced to pay for. No wonder the
ignorant old sow can't afford her own computer.
Do these progressive actually think they can take other peoples
property?

That will never happen under the Constitution.

No wonder they want to eliminate the second Amendment.

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