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By the time the stock market hits bottom, the rich are going to wish they had taken

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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:17 PM
Original message
By the time the stock market hits bottom, the rich are going to wish they had taken
Edited on Mon Aug-08-11 08:17 PM by The Backlash Cometh
the tax increase option.
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Speck Tater Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:18 PM
Response to Original message
1. I'm not sure most of them even know what they're doing wrong. nt
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:19 PM
Response to Original message
2. They never learn
You cant starve the bottom income groups and not hurt the businesses that make their money off consumer spending.
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Curmudgeoness Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:21 PM
Response to Original message
3. Don't shed any tears for the rich. They are covered.
Who do you think has been driving this selloff? And they will take all the money and buy stocks when they hit a preceived bottom and make even more money.
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robinlynne Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:27 PM
Response to Reply #3
9. exactly.
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sunwyn Donating Member (268 posts) Send PM | Profile | Ignore Mon Aug-08-11 08:22 PM
Response to Original message
4. I doubt many of them will lose much money. I am sure they are hedging their bets
against the US economy and will be making a fortune off this mess. Probably engineered just for this purpose.
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Skip_In_Boulder Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:22 PM
Response to Original message
5. Yeah but the truly rich
Edited on Mon Aug-08-11 08:23 PM by Skip_In_Boulder
are probably in a short position now and are making tons money on the way down.
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:23 PM
Response to Original message
6. The VERY rich don't get hurt in market fluctuations.
The country-club rich with a few mil are the ones who get took. The VERY rich are the takers.

Remember what Andrew Mellon said about depressions in general: "These are merely the times when wealth flows back to its natural owners."
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mzmolly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:25 PM
Response to Original message
7. That's my
hope. I hope like hell they suffer financially for their support of Republican policies.
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C_U_L8R Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:26 PM
Response to Original message
8. Cheaters never prosper
republicans should know better... and for the good of the country, they should pay their taxes
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theoldman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:29 PM
Response to Original message
10. When the stock market drops like a rock, everyone loses.
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