I've lost 30% [View all]

[zipplewrath]

Look, I'm in the top 20% of incomes. The events that DO affect me is that in the last year I've lost 30% of my investments. I'm not looking for sympathy because of course in the 20 - 21 time frame I doubled my investments despite any real effort or strategy on my part.

My real point is this. I don't "blame" Biden for this. My investments rise and fall on the benefits of many people. What I achieve and don't isn't about me, it's about whether we are ALL doing well. I'm willing to understand that in really good times , I benefit from the overall improvement in what we call "our economy". But I also understand that when it "goes down" it is because I'm part of an economy that effects us all and I may "suffer" a greater impact in certain situations than others, and also benefit disproportionately on the up side.

My basic point is this, I don't care politically about the DOW. I don't care about NASDAQ (despite how much it influences my own "wealth&quot . What I care about, despite my personal situation, is how many people are on WIC. How many need free lunches at school. I see people at corners asking for money and food. Yeah, I know, but some of them really need help, just not necessarily money. So I carry food bags of edibles of chicken, tuna, peanut butter, fruit, etc. I'm the classic democrat in which I'm more concerned every day if someone is not getting what they need, than what the basic republicans wakes up every day concerned about is that someone, somewhere is getting something they don't deserve

We need to stop worrying about "me", i.e. the top 20%. We need to worry about those that are having trouble balancing their check book. You want to worry about who will benefit, help the bottom 20% and you'll help the top 20%. Call it "trickle up" or whatever you want, but when we all do better, we ALL do better. Raise taxes on me, I should have been paying Social Security taxes for the whole year, for the last 10 years of my career, not just until October when I hit the "maximum". It was a joke.

A basic measure of any economic measure at the governmental level should be this, will it help the bottom 20%. If it does, it will help everyone. The rest of us will accommodate whatever situation that creates. But trickle DOWN has been demonstrated to never work. Trickle up on the other hand has always benefited my investments.