The incredible level of arrogance in this shows a level of delusion that is going to be why they will lose their grip on power. Lecturing the common American on what they do and do not "need" while having billionaires "audit" spending and passing tax cuts in the trillions for the top .01% of Americans.
All I said is that billionaires have long contributed primarily to Republicans, but also Democrats as well. That is the extent of what said -- the discussion about which side has more influence or is deeper in the pocket of billionaires is something that I didn't really touch on - but I have posted numerous times that this current administration has thus far done nothing to help the poor or middle class. Literally nothing.
You love to do this "both sides" but one party is trying to pass a billionaire tax and the other is allowing a billionaire to literally run the government. Who cares if billionaire donate to democrats as long as they don't force policy concessions out of them. Republicans donate to Republicans to get policy concessions and deregulation which hurts consumers and helps businesses
What does this have to do with the price of tea in China? I made no comment about which side is worse - I responded to someone discussing George Soros by pointing out that billionaires have been involved and supported US political parties for a long time before and after Soros and gave a wide range of examples. If you want to use what I said as a launching pad to a deeper conversation - but don't chastise me for not taking my point down another direction. FWIW I have made it clear what my opinion is of the Trump administration, that it hasn't done anything thus far to help the poor or middle class American and that with the wealth disparity, we are likely headed towards political class warfare - and the fingers will be pointed at people like Elon Musk.
They won near total control of the Federal government and majority control of a majority of state gov and legislatures. Their b****ing and moaning of libruhl hypocrisy and unfairness has gone way to this ****, delivered as cruely and bluntly as possible.
That's been a long time brewin innit? With 10% of the US spending more than a majority of consumer purchases and media driven ad dollars catering to them, the Trumpers who believed he would do something about it will demand he does. The whole trend of using wealth effects as a proxy for the economy and spending has been going on since Post-GFC. I'm not sure how much more of a breaking point poorer Americans can tolerate. The stock market popping won't do a thing for them, though the across the board layoffs will.
Exactly - high returns on the stock market, home valuation increases, and GDP growth that all filters to the top 10% of Americans doesn't mean a damn thing to large sections of the American public - including younger Americans that don't have a lot in their 401K and now are footing the bill for housing price values going up. These are not all Americans that live in a cycle of poverty either, many of them are educated and informed.
I know, and I know you are on the right side of reality here. I'm just saying that we have to be careful about feeding narratives that we all can see coming a mile away. I also know if you are too dense in your response you lose people, but also being too simplistic (IE both Republicans and Democrats have billionaire donors) denies the conversation the proper context to avoid feeding those narratives. We have to remember that the entire argument used for autocrats in any context in history almost always boils down to a both sides suck argument with the argument for the dictator being "well at least they get stuff done" final verdict from the people who vote to give away their rights.. and almost always suffer the consequences of giving up what their rights for total power consolidated to one person. The narratives matter here. It's just a basketball forum yes, but you are trusted here, and what you say can matter at some level.
Both parties have billionaire donors yes.... however in reality one side is not like the other in any way shape or capacity. Right now as we speak literally the richest two men on earth, and dozens of other billionaires are openly trying to tank the economy simply so they can both buy up more assets in a recession to gain more power, and for an excuse to extend billionaire tax cuts with the DOGE cuts. They are also openly sabotaging Social Security which is an INVESTMENT (I hate the word entitlement) that every one of us have put our money into monthly to have a baseline source of revenue when we retire. They are doing this simply so the hedge fund billionaires who fund the Republicans alone (not one democrat has ever ran on privatizing social security but nearly all Republicans try to) can move that money to private banks, and make money off of your money while putting it at unnecessary risk in a varying market. Whatever sins George Soros, and JB Pritzker have done in the past with a handful of complicit Democrats in the Senate, it is simply not relevant to the (economic) atomic bomb that is in the process of falling in our living room on behalf of Trump and the Republican party that have put this plan into action.
A big difference between donating to pro life groups and donating to people who were setting cities on fire/breaking the law.
But I was told the stock market only reflects the top 5% of those with wealth and has nothing to do with the economy during covid? It;s a Robin Hood moment, bring back livable wages and opportunities to the middle class for a small pullback in stocks when everyone knows we're in a bubble. Back to back 20% years and a 120% from covid lows. Just admit the democratic elites got greedy and want their 401ks to quadruple while virtue signaling to the working class.
They're trying to bring manufacturing back to this country. (Never should've been allowed to leave, thanks Nixon/Kissinger) Will there be pain? Sure there will be, but they're doing the right thing. As far as far as SS goes, anybody could've done a better job investing their money than what the federal govt has done.
Those JOBS ARENT COMING BACK GOOD LORD. And now SS doesnt matter anymore? Do you know how many people rely on that? Just how selfish of a person are you?
Why exactly are you opposed to bringing well paying jobs to America? The liberal frenzy is kind of their own doing. If they had the attention span to look at more than 5 second tik tok videos, a quick search for Oren Cass would provide clarity on the conservative approach to tariffs. It's quite telling when Jon Stewart can't provide any sort of counter argument other than ... "but won't it hurt Germany's feelings?" Instead they rush to the internet and work each other up with grand conspiracy theories. They are losers on the national stage , and in life, for a reason.
Not familiar how financial markets and investors work I see. Most people have 50-ish years to save for retirement. Most do not save until it is too late. Those people that do save starting from their early work years (aka the average investor) turn out to be really bad at investing. They buy high and sell low. The average investor also does not understand risk. They over-invest in things like gold and bitcoin, which leaves them under-diversified. The average investor also does not have an emergency fund which leaves them raiding their IRAs and other retirement accounts as their only option, in case of an emergency. It is in everybody's best interest that society does not leave it to the average investor to save for their main source of retirement income.
I'm familiar, I've been successful although I'm not a professional. What needs to happen is society needs to have say 3 different funds to invest in. Kinda like the teachers retirement fund. One things for sure the federal govt has done a bad job with the taxpayers money.
I didn't say that...were you quoting someone else? Thanks for the interviews? It's good to know Stewart has a vested and genuine interest in understanding the other side. It beats the slop Colbert and other hosts are peddling. He does have a greater point of questioning whether more nations re-arming themselves is a good idea. If we're headed towards a multipolar world of alliances, then his best example would be what happened before WW1 rather than WW2.
