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Inequality

Inequality.Now when we look at the old saying 'the rich get richer, the poor get poorer' most shrug it off as a pun or a joke in time of self reflection about a current financial situation ect. But the reality is its becoming a major problem in our modern societies. So what does this mean for the average person, now we have all just lived through one of the largest ever increases in inequality during covid, now when we delve into the statistics behind where the furlough and stimulus ended up we can see how much inequality increased, what we saw is a debt passed on to every tax payer, in the UK I believe it was around £7000 a tax payer and in US towards FWB:12K , this wealth was then transferred to the rich, and saw staggering wealth increases in the 'rich' category, either through stock owners or landlords ect, rising interest rates. In the UK we saw interest rates rises, but the usual correlation to house prices in which typically we see rate risers lowering the house prices didnt occur! I work in the building business and have contracts with wealthy clients, These guys are currently buying elderly peoples property in a nice seafront location local to me, they then destroy the house and rebuild modern second home £5m mansions! whilst UK house prices to salary is the same as it was in 1876! Is this not a serious issue to the working man! What we are seeing is living standards drop generation to generation as well as asset purchasing becoming harder and harder to youngsters. Inequality has been a trending issue since 2008 when the interest rates were kept low due to the broken economies world wide, during this time we have seen the price off XAU rise staggering amounts. The problem we face is the constant lowering of wages due to inflation, since 2008 the UK government has pretty much been flat broke, we see it currently in the poor state of roads, NHS ect. The real question is where is this money? Part 2 coming soon
ECONOMICS:GBAHP
by ZenFlo
2
Every one needs to see this"When a business makes money every one profits" Beep! If your boss raises you by 5% and himself by 400% and prices go up 10% because central bankers are printing money you know what you are getting? The short end of the stick. Right in your ***. Gee... I wonder why there is such income inequality in the USA? No clue! If only there were obvious events that accompanied periods of improvement and periods of deterioration. If only it was "in your face" obvious. Schools in 2020, still not teaching basic finance education. A vote for Trump or Sanders is not going to correct this. Do we have to go all the way to a new Hitler/Franco/Mussolini or can we do the right thing before getting there? There is 1 simple quick solution and by looking at this chart we all know what it is. The revolution can be very quick. 1 thing I need to explain: Equality went up (inequality down) a bit before the gold standard, it improved when WW2 started, WW2 started in late 1939 for europe (which impacted the rich in the US too), and USA joined the war in 1941 (which impacted the US rich a lot!). The revolution can be simple, fast, and very efficient. I wish all these antifa morons could understand this extremely simple concept. Smartest head of state in the world Putin is hoarding gold the most (more than any other country). Follow a history of failures and dum dums that are ahead because they had a huge headstart, or follow a master mind and just simple common sense really. Your choice. Every fiat experiment in history has been a major failure. Every "this time it's different" in history has also been a major failure. This is simple. Schools spend thousands of hours on useless stuff that people won't ever use. This takes a few minutes to see read and understand. Every body needs to see and understand this. If you want to read more the internet is full of articles going into more details. Here are some links: www.gold-eagle.com schiffgold.com www.commoditytrademantra.com By the way, alot (most) of the USA wealth comes from their dollar being the world currency, and them being able to print it out of thin air and buy foreign goods with it. But now the scam has run out of time. The end did not come from outside, but from the inside. Their own people cannot even afford paying rent and buy food on debt. The show is over, the USA have no good solutions. If they keep the scam running (as they are) their country will collapse and heads WILL ROLL, if they stop the scam, their free wealth vanishes. It's over.
TVC:DJI
by MrRenev
1
What do these 32 companies and unborn babies have in common?They didn’t pay income taxes in 2018. In fact, these 32 companies were paid by the United States government $10,531,480,000 to operate their businesses. The unborn babies were paid $0. That is a $10.53 billion dollar tax refund with your money. Your tax dollars were collected by the IRS and then given to these 32 companies. Each one of these companies was profitable in 2018, yet American tax dollars were given to them to add to their profit margins. The average CEO total compensation of these 32 companies in 2018 was $14,212,618. The average employee pay at these companies was $89,594. CEO hourly rate works out to be $6,833. Employee hourly was $43. These CEO’s believe their value is 170.65 times greater than the average employee. Each of these CEO’s would need to work 16.15 total hours to make your annual salary. They need to work 2 days when you need to work for an entire year. If you make $20 per hour at one of these companies the CEO would need to work 6.09 hours or an average Friday, to make your annual salary. Welcome to our American dream. Who is the winner of the Greediest Pig Award you ask? Leslie Moonves of CBS. He is no longer the CEO but was paid $46,416,750 in total compensation in 2018. Leslie’s employees were paid the least on the list as well at $60,000 per year. Every 2.69 hours Leslie worked he earned the average annual salary of his employees. He made your annual salary during a round of golf on Friday when he left early. Leslie believes he is 773.6 times more valuable to CBS than his employees. As opposed to paying taxes like every American is required to do, Leslie was able to obtain $358,000,000 from Uncle Sam and add it to his profit margins. We, the 99% put these CEO’s in positions of power by buying their products, we can also remove them. I am staging a boycott of every company listed in this document. I will never spend a single penny on their products again. I would never work for any of them either. Our votes matter less in general elections than super delegates. The true power we hold is where we decide to spend our money. These 32 companies and CEO’s are shitting on you; let’s return the favor and stop giving them money. But Johnny, they are paying what the law requires them to pay! That is correct; none of these companies are doing anything illegal via taxation. However, what is missing from that argument is how much they spend on political donations and lobbyist. Our 1% friends pay money to make the laws benefit the 1%. Our government is corrupted by money, it has been that way for my entire life. When I invested in real estate, I learned about our tax code. Businesses can write off most expenses prior to paying taxes. Individuals are required to pay taxes before they get their paycheck. I understand the need to help businesses grow via less tax liabilities. However, these 32 companies are all profitable and pay their executives disgusting amounts of money. Thanks to our current tax code some of their profits came from your bank account whether you like it or not. I’ve done some research on other countries and found the Scandinavian countries are continuously rated as the happiest places on earth. I had to figure why they are so happy. A few things Norway does better. Their minimum wage is nearly $42,000 per year. Their government balances its budget every year with an oil fund worth nearly $1 trillion which the 5.5 million citizens own. Every employee is paid above a living wage. They work 30-37 hours per week. Free higher education and health care. The government is run like a private company with the public interest being a priority. It is one of the safest places on earth. Think about it, people are paid well so they don’t have to resort to crime to feed their family. They are not socialist they are democratic. The greedy wage gap is much more balanced. The corruption relationship between government and businesses is nonexistent in Norway. Their government truly cares about the population not just 1% of it. I will be traveling to Norway next year to see for myself why they are so happy, this might be a one-way ticket. But, but, but they pay higher taxes! Thanks again little Billy, you are correct. Norway has higher taxes. But ask yourself, does it sound worth it compared to the US? The people listed in this document are directly responsible for financial inequality in our country. They pay themselves excessive salaries and siphon public tax dollars to add to their profit margins. Our politicians are helping this disgusting greed take place. In fact, our politicians are becoming wealthy with this process. Members of the US congress make $174,000 per year not to mention the millions in political donations. I think our politicians should get paid the federal minimum wage then it might increase. Like and share if you agree our politicians are paid too much for the job they are doing for all Americans. If you are a member of the 1% and happen to read this article, be a good human and distribute the wealth. I am a firm believer in what goes around comes around. The more you invest in your employees the more gains you will see. Or you can just follow the trend of your rich cronies and continue to widen the wage gap. Are you a leader or a follower? I suggest using the CICO report here on Tradingview. The CICO measures the sum of new money into and out of the markets. Don’t let manipulated emotions from fake headlines run your portfolio, use math. I hope the CICO helps you take your money back from these clowns. We are seeing a breakout of an upward trend on the SPY. It looks like a good time to buy until it isn't. The markets can and will change drastically without notice from our friends. They will panic and take their money out without notice, always be cautious with your money. The full detailed list of the companies can be found on the link. This post is meant to be informational and I never condone violence. However, let's stop giving them our money. onedrive.live.com
AMEX:SPYLong
by Johnny_Nickles
8