Is Ann Coulter REALLY that stupid?

[binary solo]

Kasz216 said:

badgenome said:

richardhutnik said:

Reality is, as it is now, standard of living increases has flatline for everyone but the top.  The tide is not causing all boats to rise.  

The tide isn't rising at the moment, and according to the CBO, it's the wealthy who have been hardest hit by the recession. Of course, they are better able to sustain that kind of a hit, but the whole narrative about the rich getting richer while everyone else gets soaked is generally a bunch of bull.

The longer term trend demonstrated a middle class that was shrinking as more people climbed out of the middle class and into the upper class.

Also worth noting... that 1 in 3 people who were in the top 1% in 2007.  Weren't there in 2009.

 

That means nothing in the grand scheme of things. Those who are in the top 1% at any given time will be subject to change. What matters is the change in worth of the current one percent, which has gone down. The point is who is in the top 1% is irrelevant.

In any case, it's not the 1% who are the perpetual winners, it's the 0.1%. The 0.1% look upon the rest of the 1% the same as the 1% look upon the 99%.

And the short term swings and roundabouts are pretty meaningless. Everyone who plays the stock market smartly knows that while they may take a 20% hit today they'll get a 40% gain tomorrow (of course not that fast, but over time). So the top 1% might have been hardest hit %-wise since 2008, but they will also be the quickest to make it all back, and then some.

If a large stack of my wealth is tied up in shares in companies that are sound, but who's shares have lost value simply because the market sheep have all panicked together, then those sound companies are going to come back with avengance once the sheep come merrily bleating back into the market. On paper I've lost a bucket load of money, and handily I can write that off to reduce my tax bill, even though my day job is paying me the same. But it really doesn't affect me day to day and I know given more time the value of my investments will increase well beyond what they were when the market started to drop. I have several thousand shares in that very situation. But I'm patient, I know the investments are sound and it's just the panicking sheep are still spooked. It'll probably be a year or two before things come right, but then my shares will be worth way more than they were when I bought them.