Does this make sense? Does this mean the rich are getting richer and the poor

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Jan 11, 2020
5:18:58pm

pink22 All-American

Does this make sense? Does this mean the rich are getting richer and the poor

getting poorer?

The DOW:

2017 - 19819.78
2018 - 23,062.40
2019 - 28,583.44

- Gain of 44.2%

Median Household Income:

2017 - $62,626
2018 - $63,179
2019 - $63,688

- Gain of 1.6%

Mininum Wage:

2017: $7.25
2018: $7.25
2019: $7.25

- Gain of 0.0%
— Nick Jack Pappas (@Pappiness) January 10, 2020

https://twitter.com/Pappiness/status/1215742029268996100

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pink22

Bio page: pink22
Joined: Jul 22, 2004
Last login: May 10, 2024
Total posts: 45,433 (1,636 FO)

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Messages

Author

Time

Does this make sense? Does this mean the rich are getting richer and the poor

pink22

1/11/20 5:18pm

And

TADOW

1/11/20 5:22pm

Yep, and that is how Bernie Sanders will end up in power.

BYUtka

1/11/20 5:25pm

That crazy old man will never get elected. Another socialist, maybe

Crazy Joe Davola

1/11/20 6:16pm

Trump is President. Anything is possible.

BYUtka

1/11/20 9:41pm

Lesson here

CBaass

1/11/20 5:29pm

hopefully all the blue collar workers with very little in the stock market, but did vote for trump last time take note

BlueFrog

1/11/20 5:30pm

Why do you assume the blue collar workers have little invested in the stock

kotacoug

1/11/20 5:34pm

the ones that have little

BlueFrog

1/11/20 5:38pm

Blue collar workers and minorities are sitting with an all time Low

kotacoug

1/11/20 5:42pm

lol

bluegato

1/11/20 5:43pm

exactly. you want a higher wage and higher median household salary. DJIA is meaningless for lots of people

BlueFrog

1/11/20 5:48pm

Smart people who save and invest are getting wealthier.

kotacoug

1/11/20 5:32pm

Please describe “invest” as you use it in this context.

StalwartBraveTrue

1/11/20 11:55pm

Welcome to life. The vast majority of people need to work to

kotacoug

1/12/20 11:32am

I’m not complaining at all. But this guy makes it sound like “investing”

StalwartBraveTrue

1/13/20 7:22am

I think what he said is true, it can make you wealthier

CBaass

1/13/20 8:17am

That is an all time bad twitter thread.

1/11/20 5:35pm

Wage gain should hopefully meet inflation. But it should not match with the stock market. Minimum wage

Baron

1/11/20 5:47pm

What do you think would happen to small business owners if minimum wage were

SolidBlue

1/11/20 6:30pm

Nothing.

Baron

1/11/20 6:31pm

Across all states?

SolidBlue

1/11/20 6:37pm

If it is pegged to inflation then the cost is the same as when they first started

Baron

1/11/20 6:39pm

You clearly don’t own a small business

SolidBlue

1/11/20 6:41pm

You clearly don't understand inflation.

Baron

1/11/20 6:49pm

I understand inflation just fine, thank you...

SolidBlue

1/11/20 7:36pm

Then you would know it isn't costing you anything more than before

Baron

1/11/20 9:26pm

Not true whatsoever

SolidBlue

1/12/20 2:54pm

The minimum wage being the same doesn’t mean poor people’s wages haven’t risen

JollyGreenGiant

1/11/20 5:58pm

Not rich, but definitely enjoying the increases in the market.

BYUCPA

1/11/20 5:58pm

We continue to hear this saying said, but if the poor were getting poorer,

1/11/20 6:09pm

Yeah, it seems like the poor are better off even as the gap between rich & poor

Odysseus

1/11/20 6:35pm

The saying is more about the income gap widening

palangi

1/12/20 12:39am

Mimimum wage is a law. Not a paycheck. Try comparing apples to apples.

DirtyWater

1/11/20 6:48pm

Doesn’t fit the narrative.

kotacoug

1/11/20 6:59pm

No and No

HarlemCoug

1/11/20 7:07pm

I will illustrate how stupid this is with math:

1/11/20 9:06pm

I guarantee you my “index fund” and “max cap” 401k’s didn’t go up 44%.

StalwartBraveTrue

1/11/20 11:58pm

In the last 3 years you aren’t up 44% or somewhere in the 30s? The market has

BYUFootballisBack

1/12/20 11:32am

Nope. My “aggressive” investing approach has my 401k up about 20% but a lot of

StalwartBraveTrue

1/13/20 7:24am

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