Economy It's here again the yearly reminder about wage disparity between poor and the rich on Wall Street

[Strychnine]

what's the minimum wage in the U.S?

$7.25 per hour.

 

[Ophydian]

Make a post you cant refute.

You started your post with a direct insult yet want to cry when we point and laugh at How Rich I am!

 

[Islam Imamate]

They'll be jumping out of windows in few years.

 

[Strychnine]

Pleb with another anti-wealth thread. These guys are staying rich and there is nothing you can do about it. Loser. Stop hating on people better than you.

Money is never an indicator of someone's value as a person.

C'mon man, this is basic $hi.

 

[Sonny Qc]

$7.25 per hour.

damn....
the goal here is to get a 15$/h by 2022
(12,50$ right now)

 

[EradiatedHaggis]

You started your post with a direct insult yet want to cry when we point and laugh at How Rich I am!

Behold, uneducated twat gets insulted and becomes too triggered to see that 98% of the rest of the post contains information to back it and thus knee-jerk posts only an insult because his brain is too tiny to do anything else.

And doesnt even realize he continues to prove my point.

 

[Islam Imamate]

Money is never an indicator of someone's value as a person.

C'mon man, this is basic $hi.

True but I think sometimes leftists are guilty of the opposite, of painting rich people as evil and whatnot, best exemplified by the liberal catchphrase of "Eat the Rich"

That's not helpful either. Any healthy society is going to have some haves and some have-nots, what is needed is a proper modus vivendi between the two which is sustainable and just.

 

[Ophydian]

Behold, uneducated twat gets insulted and becomes too triggered to see that 98% of the rest of the post contains information to back it and thus knee-jerk posts only an insult because his brain is too tiny to do anything else.

And doesnt even realize he continues to prove my point.

Recycled garbage from our resident millionaire

 

[EradiatedHaggis]

Recycled garbage from our resident millionaire

I stand refuted. I congratulate you on winning the thread by proving to me that being a poor loser is superior to being educated and investing my money to create more money. Damn the rich. Damn them all to hell.

I wonder what it is like to go through life and have beliefs that I cannot support via actual information...at least I would be too stupid to also figure out why I am failing in life and just pass those reasons onto someone else so I dont feel bad.

 

[Joe265]

Pretty simple the bonuses of Wall Street elite is three times as much as the total wages of all Americans making a minimum wage. Yes that's a pretty big number 27 billion dollars this does not include executive bonuses around the Country this is just in Wall Street. Remind me again what does Wall Street actually create in terms of manufacturing jobs? It looks like Robert not a fan of Obama because he has been not to kind to Obama recently even though he worked for him and Clinton.

I will hear it again.

1:You sound poor
2: What? do you hate capitalism you socialist
3: Wall Street pumps money into startups to create jobs and this is why they get paid.
4:Wall Street banks keep companies going.
5:It costs money to keep top managers around.
...

This is my problem we are losing a middle class and automation an little defense from even more job loses.

The game of politicians is to make you focus on the symptoms, and cures to the symptoms, leaving the cause to continue on. That's why it's sooo easy to divide and conquer. You just get people to fight endlessly about the superficial symptoms.

Just look at that tweet you quoted. Raising minnimum wage and taxing more is the solution? Really? Who are these clowns?

 

[Based and White Pilled]

I'm not going to defend wall Street. The concept of making money by moving money (banks and the stock market) without actually contributing anything to society doesn't sit quite right with me.

Spoiler

I don't need how banks or investments work explained to me. I understand that startups benefit from investors and that banks.... Uh loans are helpful, I guess. Not much good to say about banks. That doesn't change my feelings on people making millions by playing a numbers game.

However, I think that statement may be misleading. How many full time employees are making minimum wage? Probably not that many, I think most minimum wage workers are part time.

 

[panamaican]

No one expects uneducated people to understand how the world works. Your understanding matches your inability to make a lot of money.

You take your sub-30k pay and barely survive.

I take my 6 digits, pay for what I need to get by, and invest the rest to make even more money. What does that do? It gives the company more money that pays your wages for you to do your minute contribution to the world so the economy can continue and you can work.

And yes, I expect you to believe that its suddenly somehow different today because that lack of world knowledge allows so much air to be between your ears that it can be filled by Communist propaganda.

But I do love seeing threads that prove that the public school system is nothing more than a baby-sitting factory that doesnt actually teach anything of any actual value...the fact that a single person can come out of them without fully understanding how capitalism works is mind-boggling.

Unless you're directly investing in a company or buying an IPO, your investments aren't giving a company any money or paying their wages (well, excluding the company that you invest through).

 

[BarryDillon]

True but I think sometimes leftists are guilty of the opposite, of painting rich people as evil and whatnot, best exemplified by the liberal catchphrase of "Eat the Rich"

That's not helpful either. Any healthy society is going to have some haves and some have-nots, what is needed is a proper modus vivendi between the two which is sustainable and just.

On the other hand...

 

[EradiatedHaggis]

Unless you're directly investing in a company or buying an IPO, your investments aren't giving a company any money or paying their wages (well, excluding the company that you invest through).

With a few exceptions. Just like more than a few IPOs are not given directly by the company but through investment banks...yet the investment banks are only doing it that way so they get the money they invested into the company back faster via the IPO.

Thus...you buying stocks still ensures that the company gets the money invested into their business to do exactly what I stated.

There is direct investment, and indirect investment by investing into the direct investments like IPOs...This is where the education comes in to understand it and I am so relieved at least one person(you) showed up that understands this.

Its like, I could post a 1000 word post trying to explain stock value and its direct impact on a company and not come close to even tapping into what people that know nothing about investment needs to understand just the basics.

 

[HunterSdVa29]

this is arguably the endgoal of Financial Capitalism

a lot of smoke and mirrors, the average person lives off debt, and those lienholders rake in dough. If their company fails? buy out by the Fed, no worries.

 

[panamaican]

With a few exceptions. Just like more than a few IPOs are not given directly by the company but through investment banks...yet the investment banks are only doing it that way so they get the money they invested into the company back faster via the IPO.

Thus...you buying stocks still ensures that the company gets the money invested into their business to do exactly what I stated.

There is direct investment, and indirect investment by investing into the direct investments like IPOs...This is where the education comes in to understand it and I am so relieved at least one person(you) showed up that understands this.

Its like, I could post a 1000 word post trying to explain stock value and its direct impact on a company and not come close to even tapping into what people that know nothing about investment needs to understand just the basics.

Like you said, only a few exceptions. Most of the time people are buying on the secondary market and not impacting the underlying companies at all.

Well, I'd better understand some of this, I did pass the Series 7 after college for shits and giggles. Well, mostly because my brother was taking it so we took it together - with independent sponsorship through that state of Arkansas. They discontinued the program because it didn't work (they were trying to convince people to move to Arkansas) so we were like some of the last truly independently sponsored licensees out there. It's been a while but I've still got the basics.

 

[EradiatedHaggis]

Like you said, only a few exceptions. Most of the time people are buying on the secondary market and not impacting the underlying companies at all.

Well, I'd better understand some of this, I did pass the Series 7 after college for shits and giggles. Well, mostly because my brother was taking it so we took it together - with independent sponsorship through that state of Arkansas. They discontinued the program because it didn't work (they were trying to convince people to move to Arkansas) so we were like some of the last truly independently sponsored licensees out there. It's been a while but I've still got the basics.

A few exceptions on the IPO. No exceptions on the indirect effect.

Everything stock market leads to company funding either directly or indirectly, positively or negatively.

Stock sells off, value drops. Investing stops. No new IPOs are offered. People stop selling their stocks to hold their loses in hopes of a value turn-around, investors place the stock on hold status...everything grinds to a hault both for the company and investors.

Stock sells but value increases. Investing banks offer more money, new IPOs are created for even more buying and increasing of funds. investors place the stock on bull status, cycle keeps repeating both the company gets an even greater injection of cash allowing expansion or continued operation, investors make more money also.

 

[Trotsky]

True but I think sometimes leftists are guilty of the opposite, of painting rich people as evil and whatnot, best exemplified by the liberal catchphrase of "Eat the Rich"

That's not helpful either. Any healthy society is going to have some haves and some have-nots, what is needed is a proper modus vivendi between the two which is sustainable and just.

Yikes, what is happening to you

"Eat the Rich" is not a liberal catchphrase lol.

 

[panamaican]

A few exceptions on the IPO. No exceptions on the indirect effect.

Everything stock market leads to company funding either directly or indirectly, positively or negatively.

Stock sells off, value drops. Investing stops. No new IPOs are offered. People stop selling their stocks to hold their loses in hopes of a value turn-around, investors place the stock on hold status...everything grinds to a hault both for the company and investors.

Stock sells but value increases. Investing banks offer more money, new IPOs are created for even more buying and increasing of funds. investors place the stock on bull status, cycle keeps repeating both the company gets an even greater injection of cash allowing expansion or continued operation, investors make more money also.

I'm going to disagree with the underlined because it's overly broad. Everything leads to company funding directly or indirectly. "Directly or indirectly, positively or negatively" is so broad as to be meaningless.

 

[freakroor]

LOL at wanting the government to fix a problem that they helped create.

"raise minimum wage" "tax the rich"... these are just more laws and mechanisms of control.

People have the power. We are the market and We support these corporate cocksuckers. vote with your money. live off the grid. stay healthy. stay local. say NO to multinational corporations. Educate your friends and loved ones.