Income has dropped under the Obama economy. Some states have raised taxes. Obama has raised some taxes. People have no income left to invest after they pay their bills.
Those people who do have a little money are paying down debt before the dollar implodes and the USA defaults on its debt.
Individual IRA and 401k are the only means the middle class has of making up for the failure of the Social Security System to provide adequate retirement income.
If that dumb bell thinks it favors the rich, slap a restriction on the rich dudes they'll find a way to make money anyway.
Poor people may not have money to invest, but with redistribution they seem to do ok when it comes to fancy cars, cell phones, big screen TVs, medicaid, food stamps/food.
Maybe if they would restore the work requirement, people would work and draw less welfare and the people supporting them could keep some of the money they make instead of redistributing it.
How is it fair for someone to work 16 hour days, and have the government take that money for politicians to give out to buy votes?
Your words have iron in them.
It isn't. I told a subcontractor to bill me more to cut profits. I'd rather it went there than to Obama.
I think you might add that getting .10 % interest on your CD’s is not conducive to saving either.
This is the problem with ignorant poor people. What they acquire does not have value for their future. Cars and gadgets quickly lose value and become worthless. Smart people invest in their future, spending money acquiring things that bring value in the future. Save money and put it aside, it's there for a rainy day. Acquire furnishings, tools and collectibles that keep pace with or exceed inflation. Get training and acquire knowledge to have a higher paying job. These things help your children escape poverty. Obama's children never will with their mindset.
This is the problem with ignorant poor people. What they acquire does not have value for their future. Cars and gadgets quickly lose value and become worthless. Smart people invest in their future, spending money acquiring things that bring value in the future. Save money and put it aside, it's there for a rainy day. Acquire furnishings, tools and collectibles that keep pace with or exceed inflation. Get training and acquire knowledge to have a higher paying job. These things help your children escape poverty. Obama's children never will with their mindset.