American Middle Class "Wealth" Worse Than Every Nation But Russia & Indonesia - News and Current Events | futures io social day trading
futures io futures trading


American Middle Class "Wealth" Worse Than Every Nation But Russia & Indonesia
Updated: Views / Replies:547 / 3
Created: by Cloudy Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

American Middle Class "Wealth" Worse Than Every Nation But Russia & Indonesia

  #1 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

American Middle Class "Wealth" Worse Than Every Nation But Russia & Indonesia

http://www.zerohedge.com/news/2014-11-07/american-middle-class-wealth-worse-every-nation-russia-indonesia
"Oh, and if you’re wondering how the American middle class ranks in the latest data, it improved two spots to #25. Just behind Greece."


http://billmoyers.com/2014/11/04/infuriating-facts-disappearing-middle-class-wealth/


Interesting comments following the billmoyers.com article. an "FTT" (Financial Transactions Tax) tax would be the end of retail trading as well. If the financial revolt comes, retail trading could be one of the first casualties, but I guess that would end the "snake oil" retail trading products industry also.

"
Anonymous

That’s it, Financial Transaction Tax. That would solve the Multi Trillion dollar wealth accumulated globally. It indiscriminately targets securities market under the assumption that the 1% make their money constantly buying and selling in financial services. Mr. Buchheit should get a better understanding of how the 1% make money before coming up with a solution.
http://myioffice.com/ Tom Simon

Pray tell inform us vjmali how do the 1% make money?
HReardon

By first financing the reelections of candidates that make the laws.
Then they use their power to manipulate the regulatory and tax codes in
their favor. Finally they make sure that the new taxes target activity
such as earning income and transactions on your small brokerage account
instead of targeting accumulated wealth. If they are in banking they
have the added bonus of being able to borrow money from the privately
owned federal Reserve at near 0% interest with which they purchase rent
seeking hard assets that the middle class must use.
Anonymous

So many Americans don’t know what is going on. I think that deep down Americans realize that we’re being screwed, yet the coporate owned “librul media” will NOT tell the real truth about what’s been happening. The Plutocrats are draining US (& the world) and have the nerve to pretend “they earned it themselves”, and because Americans don’t yet have a clue as to the massive levels of welfare that these Plutocrats receive, the people fight against and vote against their own best economic interests!
http://myioffice.com/ Tom Simon

Well stated sir. It would seem though the FTT would be a step in the right direction.
Anonymous

They rarely sell what they buy in the short run. mostly cause they don’t need to. Much of their wealth comes from Capital Gains. That is why capital gains are taxed much lower than income. (As eluded by HReardon). They have the advantage of getting information before others do. City council will let them know where are the plans for future development. People generally follow them, which puts them ahead of others. they are offered discounts just to put their name to a deal. People and govt officials do them favors just to get close to them. They have powerful lawyers to protect their interest. They don’t go to prison for crimes. All these things starts to generate wealth for them even if they did not try. Koch brother’s wealth did not increase by 12 Billion in 2013 by trading stocks.
http://myioffice.com/ Tom Simon

Spot on – such a pleasure to find intelligent thinking delivered with such respect for others. Thank you both for renewing my hope that there is still an American electorate capable of speaking truth to power.
Michael R.

Capital Gains (CGs) and “carried interest”. But that is another tax / fee issue. The idea of a FTT is to tax continuous economic (global) activity that amounts to trillions of trades made daily (globally speaking). A 1%-er’s CGs can rise and fall, but the market peseveres. Consider how much will accumulate in a year with just 1/4 of a cent tax on every buy or sell order…! The money should then go into a global fund (or perhaps separate funds according to nation of origin of the investors) that is run by a public non-profit to administer zero % loans or grants to countries seeking sustainable solutions to poverty, energy needs (e.g., induction stoves to the 1.4 billion without access to electricity), sanitation engineering projects, climate change resilience/mitigation measures, ecological restoration, and job creation.

This is so obvious (even many wealthy folks would go along with it), it amazes me that there is any opposition or inertia to it; something happens to the brain when a person becomes rich (and super rich): they cease to feel needful of and connected to others (and thus responsible to or for others); a form of emotional detachment, I suppose…coupled with an addiction to wealth and power (the worst form of drug addiction).
GregoryC

Unregulated derivatives estimated at over $1.2 quadrillion globally within the shadow banking system. The same derivatives that destroyed the global economy in 2007-2008 requiring tens of trillions of dollars of guarantees for global banks.
"


Last edited by Cloudy; November 8th, 2014 at 09:29 AM.
Reply With Quote
The following user says Thank You to Cloudy for this post:
 
  #2 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

some related zerohedge articles since:

The Fed Won: America's 0.1% Are Now Wealthier Than The Bottom 90% | Zero Hedge
http://www.zerohedge.com/news/2014-11-14/and-10th-most-prosperous-nation-world
"No, Taxes Are Not What We Pay For Civilized Society" | Zero Hedge
The Reason Small Businesses Are Disappearing, As Explained By A Small Business Owner | Zero Hedge
Bread, Circuses, & Bombs - Decline Of The American Empire, Part 2 | Zero Hedge'

Reply With Quote
The following user says Thank You to Cloudy for this post:
 
  #3 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received


Exclusive: America's part-time economy - Nov. 21, 2014
Owning a home no longer the American Dream - Jun. 4, 2014

Reply With Quote
 
  #4 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

http://finance.yahoo.com/news/new-hope-for-middle-class-workers-160112283.html

Reply With Quote
The following user says Thank You to Cloudy for this post:

Reply



futures io > > > > American Middle Class "Wealth" Worse Than Every Nation But Russia & Indonesia

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Conditions "Out of Sequence" and "Filtered from Chart" in Tradestation T&S Maisie Reviews of Brokers and Data Feeds 1 October 26th, 2013 11:52 AM
Russia Will Not Reopen: "The Situation Has Been Recognized As An Emergency" kbit News and Current Events 0 April 23rd, 2012 02:39 PM
Globe and Mail: "An Investor's Worse Enemy? Their brain." shodson Psychology and Money Management 1 January 31st, 2012 02:10 PM
China Insolvency Wave Begins As Nation's Biggest Provincal Borrowers "Defer" Loan Pay Quick Summary News and Current Events 0 December 26th, 2011 03:10 AM
How to change "Stop Loss" and "Take Profit" in "shElderImpulse" Strategy javed759 NinjaTrader 1 November 1st, 2011 11:44 PM


All times are GMT -4. The time now is 06:33 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.10 seconds with 19 queries on phoenix via your IP 54.145.51.250