The Trump 2nd Term

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Bob Armstrong
    replied
    Hi Tom:

    I agree that investing is wise financial planning.

    Problem: More than 50% of Canadians have $ 200 or less in their savings account for emergencies. They live from paycheque to paycheque, often working multiple part-time jobs.

    Their income does not allow for putting away savings for investing.

    Click image for larger version

Name:	DollarSign1.jpg
Views:	484
Size:	5.9 KB
ID:	238078

    Those of us Canadians who have been able to do that are fortunate (And I willingly acknowledge that they may have had better paying jobs, and may also have been more frugal in spending, making savings the priority early on.)

    Bob A

    Leave a comment:


  • Dilip Panjwani
    replied
    Bob, as Tom had indicated here on chesstalk quite a while ago, Libertarianism can be considered 'on the left' also.
    The fact is that it brings the best from the Left and the Right, while getting rid of the stupidity on both sides. You need to try some memory boosting and thought-clarifying pills, if available in Helms Deep, Bob.
    Last edited by Dilip Panjwani; Sunday, 10th November, 2024, 01:22 PM.

    Leave a comment:


  • Tom O'Donnell
    replied
    My wife and I are ordinary working people. Most of our net worth is in the market. Without markets, and the ability to increase wealth within them, it would be very difficult to have a comfortable retirement, in my opinion. And the great thing is that there is no restriction preventing anyone from investing.

    People are free to rely on the government programs to fund their retirement but I personally am not willing to risk it.

    Leave a comment:


  • Bob Armstrong
    replied
    Democratic Marxism & Libertarianism

    Our resident Libertarian - agrees that DM's view of Capitalism/The Stock Market........(drum roll)....is CORRECT!

    Dilip (Post 243): "if you believe that the system of stock markets is overall a negative for society, and a necessary evil of Capitalism, you are right... "

    Then Dilip gets confused:

    "the good news for you is that in Libertarianism, they would not be necessary.."

    Sorry Dilip, BUT Libertarianism IS one of the types of Capitalism (The worst form - Wild West Capitalism - no regulatory reigning in of Capitalism's worst excesses [Right - The Natural Law is going to do it - sigh]).

    At least Social Democracy (Scandinavian - Another type of Capitalism) does, somewhat effectively, use regulatory control of Capitalism, and has succeeded in being dubbed: "Capitalism with a human face".

    Editing Addition:

    Dilip also agrees on a preferential form of business activity promoted by DM:

    Dilip: "'co-operative' ventures by individuals who actually run the company, entrepreneurs and workers together... almost like your Marxism but with total freedom from government harassment...."

    DM: Glad to see that you promote smart working Canadians forming cooperatives. But unfortunately, human nature being what it is, a mere corporate format will not eradicate human exploitation. Even DM agrees corruption, incompetence, inequality will continue to exist. But good socially conscious government regulation will protect all entrepreneurs and workers rights [Whereas your Natural Law system is ambiguous and a windfall for the income of lawyers!]

    Click image for larger version  Name:	Helms Deep.jpg Views:	0 Size:	19.3 KB ID:	238071

    24/11/10 Helms Deep Report

    [Copying my response to Dilip's Post # 2 above, which was originally in the old thread.]
    Last edited by Bob Armstrong; Sunday, 10th November, 2024, 07:03 AM.

    Leave a comment:


  • Dilip Panjwani
    replied
    Good idea to have this thread. I shall copy my post on this from the other thread:

    Good to hear from Helms Deep!
    btw, workers' pension fund, insurance funds, etc. are all invested in the stock market, and would benefit. Also the companies would be able to issue more shares to expand their business, thereby creating a higher demand for workers, which translates into higher wages...
    Nevertheless if you believe that the system of stock markets is overall a negative for society, and a necessary evil of Capitalism, you are right... the good news for you is that in Libertarianism, they would not be necessary, because of the system of easy access to capital and 'co-operative' ventures by individuals who actually run the company, entrepreneurs and workers together... almost like your Marxism but with total freedom from government harassment....

    Leave a comment:


  • Bob Armstrong
    started a topic The Trump 2nd Term

    The Trump 2nd Term

    The first consequence of the Trump victory was a surge in the stock market.

    This does not help the ordinary working person in the USA......money made for shareholders.

    Let's see what other benefits come to the elite.......the ordinary smart-working Trump elector will, in the long run, find they are still being left behind.

    Click image for larger version  Name:	Helms Deep.jpg Views:	0 Size:	19.3 KB ID:	238066

    24/11/9 Report from Helms Deep

    [Post from an old thread; I think we need a new site for analysis now]
Working...
X