- 13 Oct 2024 03:23
#15327039
1. Wealth is NOT distributed, it is acquired.
2. You appear to recognize there is a time to buy and a time to sell, and those of us who do acquire wealth, while some who are in a position of having to sell at the wrong time acquire a loss.
Much of the problem, IMO, could/would be solved by changing our Federal individual income tax code, IF ONLY we would begin to discuss how.
Hakeer wrote:Here is real GDP growth in this country…
https://fred.stlouisfed.org/series/GDPC1
Apart from occasional recessions (mere blips in the trajectory if you look at them from a distance), it just continues to go up, and up, and up. That is why I don't sell stocks during recessions.
The problem in this country is not PRODUCTION. It never has been. The problem is the DISTRIBUTION of the income/wealth that we produce.
We cannot fix a problem if we can’t understand what is causing it.
1. Wealth is NOT distributed, it is acquired.
2. You appear to recognize there is a time to buy and a time to sell, and those of us who do acquire wealth, while some who are in a position of having to sell at the wrong time acquire a loss.
Much of the problem, IMO, could/would be solved by changing our Federal individual income tax code, IF ONLY we would begin to discuss how.