POTUS 45.22 - The Genius of Donald Trump

[The Sicatoka]

Re: POTUS 45.22 - The Genius of Donald Trump

I'd love to see this broken down for maybe the Dow 30. Who holds what? Break down the institutional ownership like Vanguard. Who owns the shares within the funds there. It's a virtually impossibly complicated task even for one company, for sure. But I would love to see it.

Those are numbers I'd love to see also. Vanguard owns a lot of stock, but as a proxy for individuals, as does American Funds, Fidelity, et al. So who does Vanguard "own" it for and how much?

 

[The Sicatoka]

Re: POTUS 45.22 - The Genius of Donald Trump

Whines about choosing to work 200 hours A MONTH so that he can make 200k and expects people to feel sorry for him because he has to pay slightly higher taxes than the rest of us lmao.

What you call whining is me explaining my point of view and how I come to it.

I don't want any pity and never asked for it; but don't you dare condemn me for working hard and wanting to keep what I've earned.

 

[The Sicatoka]

Re: POTUS 45.22 - The Genius of Donald Trump

Wealth /= AGI, and based on your posts I'm guessing you drop a large amount on depends, which don't really hold their value too well once used.

Internet Rule 13.2: When you've got nothing else, go ad hominem.

 

[rufus]

Re: POTUS 45.22 - The Genius of Donald Trump

Why not good enough for Wall Street? Easy. For you to make your 8, they need to pay their costs. Enter 10%.

They'll never cut their costs; they'll just demand more from the corporations or worse (less to you). By that model, not cutting their spending, their overhead, it sounds like they're qualified for politics too.

Their overhead is paid for by the fees they charge for moving every single share of stock they move, sometimes millions of times per day, not by how much that stock increases in value.

 

[The Sicatoka]

Re: POTUS 45.22 - The Genius of Donald Trump

Their overhead is paid for by the fees they charge for moving every single share of stock they move, sometimes millions of times per day, not by how much that stock increases in value.

That's true if you are using a per share or per trade house.

The rest? The ones that make money on the institutional transactions (and that claim "no fees")?
They're taking a fractional portion of what the customer makes. They ain't lowering what they're gonna charge to push paper (aka: add no value). So, if their customer wants 8% and they're going to cover their vig, they're going squeeze someone because they aren't lowering their vig.

That squeeze will be either the customer gets less than 8% or they're going to demand better performance of the companies. But the customer, the 401k holders, demand their return so who do they turn to? Well, the company that is now opening a new factory in Jhina* to meet "shareholder demands".


*C'mon, you all smiled at that too.

 

[dxmnkd316]

Re: POTUS 45.22 - The Genius of Donald Trump

Good read on Mueller’s likely strategy.

http://www.slate.com/articles/news_...trategy_for_outmaneuvering_trump_pardons.html

 

[jerphisch]

Re: POTUS 45.22 - The Genius of Donald Trump

but don't you dare condemn me for working hard and wanting to keep what I've earned.

Don't dare condemn you for being a selfish ***** who has no interest in doing his part to better society? Busting out with a form of "I've got mine, F all y'all" is quite condemnable.

 

[The Rube]

Re: POTUS 45.22 - The Genius of Donald Trump

Don't dare condemn you for being a selfish ***** who has no interest in doing his part to better society? Busting out with a form of "I've got mine, F all y'all" is quite condemnable.

I got mine, do give to charity, but overall, yeah, eff all y'all. I worked my butt off to get my small piece of the pie. It's more a sliver of pie, actually, but it's mine. I earned this mofo.

 

[jerphisch]

Re: POTUS 45.22 - The Genius of Donald Trump

I got mine, do give to charity, but overall, yeah, eff all y'all. I worked my butt off to get my small piece of the pie. It's more a sliver of pie, actually, but it's mine. I earned this mofo.

And if that's how you really feel and don't care what others think, yippee for you, you're a selfish ***** and proud of it. But to feel that way while hiding behind "don't you dare condemn me," what a coward.

 

[Handyman]

Re: POTUS 45.22 - The Genius of Donald Trump

I got mine, do give to charity, but overall, yeah, eff all y'all. I worked my butt off to get my small piece of the pie. It's more a sliver of pie, actually, but it's mine. I earned this mofo.

Then you really lose the right to complain about anything that takes any sort of tax money to deal with. Hope I never see you biotching about the plowing or construction...

 

[dxmnkd316]

Re: POTUS 45.22 - The Genius of Donald Trump

I got mine, do give to charity, but overall, yeah, eff all y'all. I worked my butt off to get my small piece of the pie. It's more a sliver of pie, actually, but it's mine. I earned this mofo.

Jeebus.

 

[unofan]

The 401k was supposed to increase personal responsibility and savings (for retirement) which is good for the economy.

Bull farking shiat.

The 401k was supposed to move the risk of retirement from companies to employees because wall street needed another quarter point in short term profits.

Everything else is window dressing to sell that to rubes like you who buy into what the GOP is selling.

 

[dxmnkd316]

Re: POTUS 45.22 - The Genius of Donald Trump

The 401(k) was originally meant as a supplement for a pension. It was really meant as a vehicle for the rich.

 

[unofan]

What you call whining is me explaining my point of view and how I come to it.

I don't want any pity and never asked for it; but don't you dare condemn me for working hard and wanting to keep what I've earned.

I condemn you for being a selfish ***** who makes 200k/year and blames people making a tenth of that for society's ills. You couch it in dog whistles and libertarian talking points, but the reality is your philosophy is just like every other Fark Independent (tm): Fark you, I've got mine.

 

[The Rube]

Re: POTUS 45.22 - The Genius of Donald Trump

Then you really lose the right to complain about anything that takes any sort of tax money to deal with. Hope I never see you biotching about the plowing or construction...

I might complain about the TIMING of the construction, but I know they have timelines to deal with and such with budgets. And I don't beech about plowing. My brother plowed for a few years, and that is one hellish job to do.

My beef is with people who feel they deserve something for nothing, and not working THEIR butt off to get it. Nothing more, nothing less.

Edit: Handy, you have worked multiple jobs at once to make things work; I expected you to understand where I'm coming from.

 

[unofan]

I might complain about the TIMING of the construction, but I know they have timelines to deal with and such with budgets. And I don't beech about plowing. My brother plowed for a few years, and that is one hellish job to do.

My beef is with people who feel they deserve something for nothing, and not working THEIR butt off to get it. Nothing more, nothing less.

So you bought into Reagan's mythical welfare queen propaganda. Good for you.

 

[The Rube]

Re: POTUS 45.22 - The Genius of Donald Trump

So you bought into Reagan's mythical welfare queen propaganda. Good for you.

You said those words, not me.

That is a small portion of it. Nowadays we're talking about "free" college, jacked up minimum wages for what amounts to unskilled (and honest work, I will say that) jobs, etc. Money has to come from somewhere. Nothing is free.

 

[unofan]

You said those words, not me.

That is a small portion of it. Nowadays we're talking about "free" college, jacked up minimum wages for what amounts to unskilled (and honest work, I will say that) jobs, etc. Money has to come from somewhere. Nothing is free.

If the minimum wage merely kept up with inflation, it'd be at around $12/hr. Meanwhile, college tuition has greatly outpaced inflation for something like 20 consecutive years, primarily because legislatures cut funding year after year.

So pardon me if I don't side with people who think all you need to do to get ahead is work a minimum wage job while attending college because that's all they had to do in the 1960's. An undergraduate degree today regularly requires a car loan in student debt. A graduate degree can equal a mortgage.

 

[BassAle]

You said those words, not me.

That is a small portion of it. Nowadays we're talking about "free" college, jacked up minimum wages for what amounts to unskilled (and honest work, I will say that) jobs, etc. Money has to come from somewhere. Nothing is free.

Before trickle down economics public university was almost free (and was free in some states)

Also minimum wage has not kept up with inflation.

You've been brainwashed to care more about the rich but you think you're really looking out for yourself.

 

[The Rube]

Re: POTUS 45.22 - The Genius of Donald Trump

If the minimum wage merely kept up with inflation, it'd be at around $12/hr. Meanwhile, college tuition has greatly outpaced inflation for something like 20 consecutive years, primarily because legislatures cut funding year after year.

So pardon me if I don't side with people who think all you need to do to get ahead is work a minimum wage job while attending college because that's all they had to do in the 1960's. An undergraduate degree today regularly requires a car loan in student debt. A graduate degree can equal a mortgage.

You have to work more than a min wage job. Prob a couple jobs. And after you graduate, a main job and a crap job or two on the side. It's not easy. Never said it was. I worked 70-80 hours a week to get by in my 20s. I had to, to make rent/etc work. It sucked. I did that so I could work a regular 40 hour job nowadays, and not have too many worries. I am far from rich (dunno the category limits nowadays, but I'm probably lower middle class at best), but hey, I'm good with where I'm at.

If someone worked their butt off and got rich, good for them. They earned it. Kudos to them. There are others (and I had a friend or two like this, until they learned life ain't fair) who think they DESERVE a well-paying job right out of college and didn't work to go get it. They thought it would be handed to them. Nope.

In general, if you work for it, you will get it.