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gotta appreciate the Karma of a market crash

AbuskedtiAbuskedti Posts: 1,917
edited October 2008 in A Moving Train
it discriminates against the wealthy.
Post edited by Unknown User on

Comments

  • know1know1 Posts: 6,794
    No it doesn't.

    And even if it did, why would that be OK? Is discrimination OK as long as it's not against you?
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • Pacomc79Pacomc79 Posts: 9,404
    sort of, but they have more to start with and they have their golden parachutes.

    The guys who made bad decisions made millions and millions on bad decisions, they can sell thier assets and still do fine, the only thing hurt is thier pride.

    Like most issues with our government and our economic system. The poorest and the richest people will come off doing pretty well relatively speaking. The middle class are always the ones that get the most fucked. Especially the people in this sense that tried to prepare for thier future and not live off the government completely even though social security seems to be a part of everyones plan these days. Everybody panders to the middle class and then they piss all over them when they get in office because the lobby dollars don't reside there.

    Now all those people who just retired or are close have just had all that turned upside down and everything they worked and saved for is gone through no fault of thier own but being trusting loyal and hardworking. That's who I feel bad for.
    My Girlfriend said to me..."How many guitars do you need?" and I replied...."How many pairs of shoes do you need?" She got really quiet.
  • nuffingmannuffingman Posts: 3,014
    Abuskedti wrote:
    it discriminates against the wealthy.
    How do you come to that conclusion?

    This is going to effect everyone.
  • Solat13Solat13 Posts: 6,996
    Abuskedti wrote:
    it discriminates against the wealthy.

    No it doesn't. My parents lost 40% of their savings in the market and my dad is a retired school teacher and my mom a retired customer service rep from a bank. I don't think either of those professions are considered wealthy.
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  • spiral outspiral out Posts: 1,052
    This is going to affect the man in the street more than the wealthy who have walked away with nice big fat payoffs.
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
  • flywallyflyflywallyfly Posts: 1,453
    Abuskedti wrote:
    it discriminates against the wealthy.

    Untrue. It hits the poor even worse, it just takes a little longer for the trickle down effect of job losses.
  • amethgr8amethgr8 Posts: 766
    for everyone. obviously some people are better prepared than others. there's no accounting for a sucker punch. most never saw it comming. the middle class that can live poor need to do so until something gives.

    peace.
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  • xavier mcdanielxavier mcdaniel Somewhere in NYC Posts: 9,339
    Abuskedti wrote:
    it discriminates against the wealthy.

    perhaps you'd like to explain that to the middle-class. they're the majority that has lost the trillions of dollar in their 401K since the start of last year.
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