At any rate, Warrens vision seems to be to create a world wide consumer class who will all buy the products he owns. Not that there is anything wrong with that
Plenty wrong...Warren is the leader of a junk food empire...should be taxed 50%
At any rate, Warrens vision seems to be to create a world wide consumer class who will all buy the products he owns. Not that there is anything wrong with that
yes, and everyone of those robots needs a good operator, and a good mechanic. And by then a good operator will be worth about minimum wage.A good mechanic quite a bit more.
And why is that??????Exactly.
The days of being lucky to be born in the US and have a basic standard of living orders of magnitude above the rest of the world with a HS education are long gone and never coming back.
"a basic standard of living orders of magnitude above the rest of the world with a HS education." Well that's really the catch isn't it? We can if we choose to set it up so a kid with a HS degree can live a nice middle class life. But by the time we get done our middle class will look just like the middle class all over the world.Exactly.
I grew up working for my parents garbage company. Even as the owner's son I had to do some of the dirtiest, nastiest work imaginable. Combine that with it being located CA central valley ( white trash capital of the west) made me want out as fast as possible.
I saw an article in Nat Geo about semiconductors when I was in middle school. I knew right then that was the major opportunity for the next 30+ years. I set my sites too low and went the tech route instead of EE or software. I still learned an amazing amount and translated it into a business of my own.
Moral is...if your an operator, your kid better be the tech/mechanic. And their kids better be looking ahead to the next step up the ladder.
The days of being lucky to be born in the US and have a basic standard of living orders of magnitude above the rest of the world with a HS education are long gone and never coming back.
True that on the war advocates.
I would say that given a choice between owning Apple or the factory in China that makes iphones, I'll take Apple every time. Given the choice of an Apple research facility or a factory of any type in my town, I'll definitely choose Apple every time. It's a different world now, as evidenced by the fact we're communicating by the internet via intellectual property which is disproportionately produced in the U.S. by people educated at one of the disproportionate number of the best universities in the world that are also in the U.S. The U.S. is far and above the leader in the economic areas that count. Factories aren't where the value is in today's world, and haven't been for a long time.
I can understand why white, rural high school or less graduates are upset with the world which no longer allows them to be top dog without earning it. We should do what we can to ensure those people have a place in our economy. However we absolutely should not allow them to burn it down because they don't like the situation they find themselves in and have decided our country's lost its way because of their myopic view of it.
Actually, and I'm not certain about this, but I think the record shows that the economy has done better under democrats than republicans. But what measure do you use? There are even books about this. But I wonder if it doesn't have to do with the particular time period you choose, a fortuitous war maybe. But that can't be it, because we are always at war. In any case, there is one thing I'm very certain of, the U.S. economy will take off like a moon rocket if Bernie is elected. If you put money in middle class pockets, they will spend it!As a trader I never cared much about what the stock market did. I could make money either way. But as a tax paying citizen I was concerned about the economy. I have always been confused by Warrens support of the democrat party since they seem to be so bad for the economy. But when you think it through, they are probably the best for the stock market.
I'm pretty sure if anybody replies this thread will get kicked down to the PR basement (especially in an election year), but I was just observing that the democrat party is very good for the , and kind of investments Warren Buffet usually holds.
Federal spending is typically higher under democrats (entitlements). Inflation/gold/silver typically (over time) follows spending/debt levels. Stock market follows inflation...earnings keep up with inflation. I would say stock market better under democrats. Yes, there are exceptions in our history over short periods of time.As a trader I never cared much about what the stock market did. I could make money either way. But as a tax paying citizen I was concerned about the economy. I have always been confused by Warrens support of the democrat party since they seem to be so bad for the economy. But when you think it through, they are probably the best for the stock market.
I'm pretty sure if anybody replies this thread will get kicked down to the PR basement (especially in an election year), but I was just observing that the democrat party is very good for the kind of investments Warren Buffet usually holds.
No, no, and no! In prior time, when there were not so many diversions for our attention, people actually read for their amusement. Can you even imagine such a thing? Can you even imagine Donald Trump doing such a thing? Many of the Founders were, in fact, readers and students of the Greek and Roman classics. This is further away from Trump than Alpha Centauri. Being stupid isn't that same thing as being radical. Being stupid is mainstream!At least Donald Trump can't be bought and is the closest we have to our Founding Fathers...who were also radical