Discussion about this post

User's avatar
Brandy's avatar

I see both sides of this. It is obvious to me that some generation or 2 generations will take the beating for policies none of us voted for nor benefitted from unless you count cheap goods. The biggest problem I have is that if not tariffs, what? We can not continue to leave our livelihood in the hands of those who can cut off our resources, including prescription drugs. Free trade has given us cheap goods at the price of our backbone, which has always been the working middle-class. What is the plan to restore the middle-class rather than making them the same as the dependent class? The thought process behind free trade is that those benefits would trickle down. They didn't. The massive transfer of wealth to the "educated" elites isn't working because there actually aren't enough jobs for them, either. The only difference is that the government created jobs for them that allowed a top down control mechanism on cultural issues. (DEI workers, anyone?) I get it. I'm not young, either and have money in stocks. I'm extremely tired of the benefits that should be going to the middle-class being funneled to the dependent class. If not tariffs, what?

Expand full comment
Rita Moreland's avatar

Just an FYI, as you get older, be sure to invest your money in Money Market Funds or something more stable than the stock market. Unless you are hooked up with a financial advisor with knowledge of the Plus and Minus side of stock market investment, you might find your money gone up in smoke as you get older.

Also, the government many years ago, created the 401K to supplement Social Security.

It didn't take long for companies to realize that instead of offering "retirement plans" for dedicated and long term workers, they could benefit more by just supplementing a 401K plan. IT WAS ONE HUGE MISTAKE FOR WORKERS...or at least those without any knowledge of investing. As you can see, 401Ks are not immune to stock market brake downs either.

Many companies stole from their retirement plans and when the workers retired, the money wasn't there so they put the monkey on the back of workers....That's my view and I am over the age of 70.

Good Luck.

Expand full comment
3 more comments...

No posts