US stocks plummeted on March 27, 2026, with the Dow Jones dropping nearly 800 points () to enter correction territory, while the Nasdaq sank . The market faces its fifth straight weekly loss due to rising oil prices above /barrel, fueled by intensifying Middle East conflict, sparking inflation fears and prompting investors to sell riskier assets.

The Economic Times +3

If this doesn't change soon the republicans are toast

Its surprising it hasn't fallen farther since the Treasury announced the USA is financially insolvent last week, Not surprising it hasn't gotten much air time considering the friends of trump are controlling so much of the media landscape now

30 minutes ago, EVENKEEL said:

US stocks plummeted on March 27, 2026, with the Dow Jones dropping nearly 800 points () to enter correction territory, while the Nasdaq sank . The market faces its fifth straight weekly loss due to rising oil prices above /barrel, fueled by intensifying Middle East conflict, sparking inflation fears and prompting investors to sell riskier assets.

The Economic Times +3

If this doesn't change soon the republicans are toast

More and more Republicans are leaving Congress. They have seen the writing on the wall and don't plan to be embarrassed at the polls.

56 minutes ago, EVENKEEL said:

US stocks plummeted on March 27, 2026, with the Dow Jones dropping nearly 800 points () to enter correction territory, while the Nasdaq sank . The market faces its fifth straight weekly loss due to rising oil prices above /barrel, fueled by intensifying Middle East conflict, sparking inflation fears and prompting investors to sell riskier assets.

The Economic Times +3

If this doesn't change soon the republicans are toast

I bet Trump and his billionaires friends, family and closed allies are making a lot of money

Only good thing (if u can call it that) is the baht is moving in the more baht per $ direction.

Ever since Trump started exposing the Washington Establishment , playing the stock market has been a risk. I got out a long time ago,2019.

2 hours ago, EVENKEEL said:

US stocks plummeted on March 27, 2026, with the Dow Jones dropping nearly 800 points () to enter correction territory, while the Nasdaq sank . The market faces its fifth straight weekly loss due to rising oil prices above /barrel, fueled by intensifying Middle East conflict, sparking inflation fears and prompting investors to sell riskier assets.

The Economic Times +3

If this doesn't change soon the republicans are toast

The thing is, a big majority of stocks are owned by the wealthy top 10%. So, it may affect how they vote. I suppose indirectly it could have an effect because of the the top 10%'s share of consumer spending. So that could weaken the economy. Anyway, the stock market is very volatile. I think factors like the cost of gasoline are far more important to most Americans.

5 minutes ago, Alan Zweibel said:

The thing is, a big majority of stocks are owned by the wealthy top 10%. So, it may affect how they vote. I suppose indirectly it could have an effect because of the the top 10%'s share of consumer spending. So that could weaken the economy. Anyway, the stock market is very volatile. I think factors like the cost of gasoline are far more important to most Americans.

What is your claim that "a big majority of stocks are owned by the wealthy top 10" based on?

And what constitutes a "big majority"?

Incidentally, what percentage of federal income taxed do the top 10% pay?

4 minutes ago, Yellowtail said:

What is your claim that "a big majority of stocks are owned by the wealthy top 10" based on?

And what constitutes a "big majority"?

The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high

https://finance.yahoo.com/news/wealthiest-10-americans-own-93-033623827.html

8 minutes ago, Alan Zweibel said:

The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high

https://finance.yahoo.com/news/wealthiest-10-americans-own-93-033623827.html

So that's something less than half the market, when you take out institutional and foreign ownership. But you knew that, yes?

And of course, the top 10% pay ~75% of all federal income taxes.

10 minutes ago, Yellowtail said:

So that's something less than half the market, when you take out institutional and foreign ownership. But you knew that, yes?

And of course, the top 10% pay ~75% of all federal income taxes.

"In the MAGA movement you'll find people with 5 teeth defending people with 6 yachts."

How many teeth have you got, Yellow?😁

51 minutes ago, riclag said:

Ever since Trump started exposing the Washington Establishment , playing the stock market has been a risk. I got out a long time ago,2019.

Wow, think how much money you would have now if you would have stayed in the stock market!

AI Overview

The S&P 500 has experienced significant growth since the start of 2019, with a total return of approximately 193%, or roughly 16.6% per year (including reinvested dividends) as of early 2026

. The index has more than doubled in value from roughly 2,500 points at the start of 2019 to over 6,300+

1 minute ago, Yellowtail said:

So that's something less than half the market, when you take out institutional and foreign ownership. But you knew that, yes?

And of course, the top 10% pay ~75% of all federal income taxes.

EVENKEEL raised the issue of the stock market in relation to Trump's election chances. Unless institutions and foreigners are voting, I don't see how their share is relevant to the issue.

As for the 75% figure for one thing, there's this:

How We Calculated the True Tax Rates of the Wealthiest

For the article “Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax,” ProPublica delved deep into the taxes and strategies of the 25 wealthiest people in America. The story’s main finding was that these 25 people saw their worth rise a collective $401 billion from 2014 to 2018 while paying a total of $13.6 billion in federal income taxes. That amounts to what we called a “true tax rate” of 3.4%.

https://www.propublica.org/article/how-we-calculated-the-true-tax-rates-of-the-wealthiest?utm_source=chatgpt.com

The wealthier you are, the more likely that most of your wealth derives not from income via salary & bonuses but rather from investments. And there are lots of ways to leverage those investments to pay yourself at a rate far lower than income tax would require. For instance, borrowing against assets.

There's also the step-up basis for investments. Which means that if an asset such as stocks or real estate passes on to an heir, shoul they sell it, the asset will only be taxed for the increase from the time they inherited it. Not the time it was purchased. I'm sure there's a fair reason why this is the case, but I haven't been bale to figure it out yet.

4 minutes ago, Alan Zweibel said:

EVENKEEL raised the issue of the stock market in relation to Trump's election chances. Unless institutions and foreigners are voting, I don't see how their share is relevant to the issue.

As for the 75% figure for one thing, there's this:

How We Calculated the True Tax Rates of the Wealthiest

For the article “Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax,” ProPublica delved deep into the taxes and strategies of the 25 wealthiest people in America. The story’s main finding was that these 25 people saw their worth rise a collective $401 billion from 2014 to 2018 while paying a total of $13.6 billion in federal income taxes. That amounts to what we called a “true tax rate” of 3.4%.

https://www.propublica.org/article/how-we-calculated-the-true-tax-rates-of-the-wealthiest?utm_source=chatgpt.com

The wealthier you are, the more likely that most of your wealth derives not from income via salary & bonuses but rather from investments. And there are lots of ways to leverage those investments to pay yourself at a rate far lower than income tax would require. For instance, borrowing against assets.

There's also the step-up basis for investments. Which means that if an asset such as stocks or real estate passes on to an heir, shoul they sell it, the asset will only be taxed for the increase from the time they inherited it. Not the time it was purchased. I'm sure there's a fair reason why this is the case, but I haven't been bale to figure it out yet.

So, you were wrong about the "big majority", and now you're deflecting with nonsense about taxes.

Any way you look at thedata, per the IRS, the top 1% pays ~50%, and the top 10% pays ~75% of all federal income taxes. That is true, yes?

And as I understand it, the percentages the rich pay of state income taxes are even higher.

Well boomers. we HAD a good run.

Baby Boomers’ Luck Is Running Out

After a lifetime of good fortune, the generation has become vulnerable at exactly the wrong moment.

By Charley Locke

Peter Marlow / Magnum

June 13, 2025

At the core of every joke about Baby Boomers lies a seed of jealousy. Unlike younger generations, they have largely been able to walk a straightforward path toward prosperity, security, and power. They were born in an era of unprecedented economic growth and stability. College was affordable, and they graduated in a thriving job market. They were the first generation to reap the full benefits of a golden age of medical innovations: birth control, robotic surgery, the mapping of the human genome, effective cancer treatments, Ozempic.

But recent policy changes are poised to make life significantly harder for Baby Boomers. “If you’re in your 60s or 70s, what the Trump administration has done means more insecurity for your assets in your 401(k), more insecurity about sources of long-term care, and, for the first time, insecurity about your Social Security benefits,” Teresa Ghilarducci, a labor economist at the New School, told me. “It’s a triple threat.” After more than half a century of aging into political and economic trends that worked to their benefit, the generation has become particularly vulnerable at exactly the wrong moment in history.

www.archive.ph/20250713112659/https://www.theatlantic.com/health/archive/2025/06/baby-boomers-aging-trump/683150/#selection-583.0-773.162

13 minutes ago, Jingthing said:

Well boomers. we HAD a good run.

www.archive.ph/20250713112659/https://www.theatlantic.com/health/archive/2025/06/baby-boomers-aging-trump/683150/#selection-583.0-773.162

Life gets better every year for me.

32 minutes ago, Jingthing said:

Well boomers. we HAD a good run.

www.archive.ph/20250713112659/https://www.theatlantic.com/health/archive/2025/06/baby-boomers-aging-trump/683150/#selection-583.0-773.162

Well... our time is also running out!

Even the very core of MAGA is turning away. Beautiful!

Trump's achievements include alienating every ally America had. Starting a war with no exit ramp, and no viable ideas on how to get the Strait of Hormuz open again.

American dependence on rare earths produced by China can only be nullified by building processing infrastructure in the USA. So far, not a single dollar has been invested .

Why be surprised? He has plumbered multiple businesses, thinking he would be any better at running an economy is delusional.

3 minutes ago, Lacessit said:

Trump's achievements include alienating every ally America had. Starting a war with no exit ramp, and no viable ideas on how to get the Strait of Hormuz open again.

American dependence on rare earths produced by China can only be nullified by building processing infrastructure in the USA. So far, not a single dollar has been invested .

Why be surprised? He has plumbered multiple businesses, thinking he would be any better at running an economy is delusional.

More unsupported false claims from an America hating leftist.

2 hours ago, riclag said:

Ever since Trump started exposing the Washington Establishment , playing the stock market has been a risk. I got out a long time ago,2019.

I guess the new establishment, where felons get pardons in exchange for cash, and environmental regulations go into the trash bin, is a step in the right direction.

29 minutes ago, Yellowtail said:

More unsupported false claims from an America hating leftist.

Dear me, YT. So you are saying the Strait of Hormuz is open? The US has its' own supply of rare earths? Please specify what facts you have that contradict the facts I have posted.

Just now, Lacessit said:

A meme from the joke thread, that's pretty solid evidence coming from you.

1 hour ago, ravip said:

Well... our time is also running out!

Cant come soon enough either.

1 hour ago, Yellowtail said:

Life gets better every year for me.

I suppose it does, for teenagers.

1 hour ago, Yellowtail said:

A meme from the joke thread, that's pretty solid evidence coming from you.

I seem to be living rent-free in your head, I must say it's quite spacious.

3 hours ago, Yellowtail said:

What is your claim that "a big majority of stocks are owned by the wealthy top 10" based on?

it's quite easy to figure out by logic and common sense. It is also related to this :

Half of the world’s population owns just 2% of global wealth, UN report finds

6 hours ago, EVENKEEL said:

US stocks plummeted on March 27, 2026, with the Dow Jones dropping nearly 800 points () to enter correction territory, while the Nasdaq sank . The market faces its fifth straight weekly loss due to rising oil prices above /barrel, fueled by intensifying Middle East conflict, sparking inflation fears and prompting investors to sell riskier assets.

The Economic Times +3

If this doesn't change soon the republicans are toast

That includes you, since it is obvious from your post history that you're a hardcore Trump supporter,.

not tired of the winning yet?

Just now, t0mt0m said:

it's quite easy to figure out by logic and common sense.

Don't tell me, show me.

Just now, t0mt0m said:

It is also related to this :

Half of the world’s population owns just 2% of global wealth, UN report finds

We were talking about the US, not the world, and the leftist that claimed that a big majority of stocks in the US are owned by the wealthiest 10% was shown to be wrong. That's what happens when you post headlines as facts.

So why use your "logic and common sense" to come up with something,

1 minute ago, CallumWK said:

That includes you, since it is obvious from your post history that you're a hardcore Trump supporter,.

not tired of the winning yet?

Perhaps even Trump supporters are feeling the pain in their wallets.