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Politics - US Politics |OT| - View Post

xboxgreen said:
the-pi-guy said:

Even "trickle down economics" would be better than what we have been getting. 

Wealth has been trickling up, as Republicans have cut taxes on the wealthy. 

Basically the entirety of the past century of American economics shows that your beliefs are wrong. 

Anyone can be wealthy if they get a job, make smart decisions and invest money in an index fund. Voo had around 95% return in last 5 years.

That always sounds so easy but if someone earns below the median income, investing enough to "get wealthy" after some decades also means taking (for that income) a lot of money away which these people would need to have a decent financial life before they touch their investments. Telling someone who already has less that he can easily get wealthy with just investing those hundreds of bucks every month which he also needs not to live like a rat in the daily life is just ridiculous.