President Donald Trump regularly promotes the soaring stock market as a barometer of the economy's health, tweeting again on Monday that it's a key reason he should be reelected. But investors aren’t sharing the wealth.
The growing wealth disparity may explain Trump's struggle to win working class voters in crucial battleground states such as Pennsylvania and Michigan who helped push him over the top in the 2016 presidential race. “That is how the Democrats think: You make $1,000, but you’re not happy because Bill Gates, who saved more money than you, has gone up by $1 million,” said Grover Norquist, president of Americans for Tax Reform. “Nobody thinks like that.”
“When the stock market goes up, that exacerbates wealth inequality for Blacks and for Hispanics, because they don’t own stocks,” said William Spriggs, a professor of economics at Howard University and the AFL-CIO’s chief economist.
I know so many older folks, many without children or grandchildren, who are voting for the Republicans simply because of the 401K performance. When asked what about the future they don't care. I work on charities with many of these people and respected them. They know better.
Investors are the American people. The ones that have 401ks, mutual funds, retirement accounts.
veramagalhaes Trump reeleito!
The last sentence in the tweet says it all. The word 'but' usually negates whatever proceeds it. So investors aren't sharing the wealth. WorshipThatGoldenCalf GreedOverPeople Deal STEAL EXPLOIT RepeatTheLieOfTrickleDownEconomics
Voters need to ask themselves; how does the stock market effect my life? A few dollars added to your 401k doesn't matter in the day to day. Unless you are one of the very few who own enough stock to live on dividends, it's irrelevant. The cost of living is what matters.
Which investors The ones who are doing well because of the market or the ones who have no idea what they’re doing? BIGGGG DIFFERENCE.
What business school did you go to? In Oder to create jobs for Americans, the corporations need to make money. Why do you think the unemployment has drop again so quickly! Let’s stay on the right track and Vote for DonaldTrump SaveAmerica
Anyone who puts money into the market is an investor no matter how big or how small. Same as blackjack the more risked the more won or lost.
It's a 1-dimensional view. Economic health consists of more elements. Trump Trumpdumb
Biggest transfer of wealth came during the Obama admin, wipe out of the middle class and a gain for the Marxists. Under Trump, we saw REAL wage gains, faster for the workers than the exec suite, for the first time in decades. Makes one wonder what is the goal of Politico.
Im sorry. R u saying that people who invest THEIR Money in the stock market have to share their profits with people like you who r afraid to invest their own money for fear of losing it?
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: WSJ - 🏆 98. / 63 Read more »