A Quote by Stephen Moore
If only the majority of the wealthiest top 10 percent of Americans own stock directly - which does not include pension and retirement accounts - then the divide between rich and poor is likely to expand.
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I think greed is a critical problem - the gap between the poor and the rich. The gap between the top 10 percent and the bottom 10 percent.
24.9 percent of American children live in poverty, while the proportions in Germany, France and Italy are 8.6, 7.4 and 10.5 percent. And once born on the wrong side of the tracks, Americans are more likely to stay there than their counterparts in Europe. Those born to better-off families are more likely to stay better off. America is developing an aristocracy of the rich and a serfdom of the poor - the inevitable result of a twenty-year erosion of its social contract.
I'm so tired of the left trying to divide us by race. One of the things I said today in my speech, we're not Indian-Americans, African-Americans, Irish-Americans, rich Americans, poor Americans. We're all Americans.
401k savings accounts have become so important in the landscape of retirement planning that their security and expansion became a top priority in formulating and implementing the Pension Protection Act of 2006 that was enacted during my tenure as the U.S. Secretary of Labor.
There is no war between Muslims and Americans. There is no war between Americans and the poor people in the world. There is only a war between people on the top who have their own agenda.
I don't want there to be this separation between the rich and poor. I may be part of the three percent because I've been fortunate and done well for myself, but I will never forget about the 97 percent. That was me growing up. I was so poor I dreamt about being just 'regular poor,' not 'poor, poor.'
It is easy to say that there are the rich and the poor, and so something should be done. But in history, there are always the rich and the poor. If the poor were not as poor, we would still call them the poor. I mean, whoever has less can be called the poor. You will always have the 10% that have less and the 10% that have the most.
Politicians like to talk about the income tax when they talk about overtaxing the rich, but the income tax is just one part of the total tax system. There are sales taxes, Medicare taxes, social security taxes, unemployment taxes, gasoline taxes, excise taxes - and when you add up all of those taxes [many of which are quite regressive], and then you look at how they affect the rich and the poor, you essentially end up with a system in which the best off 20 percent of Americans pay one percentage point more of their income than the worst off 20 percent of Americans.
However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.
Many people focus on the 4 percent rule, which essentially says that as long as you withdraw no more than 4 percent from your retirement accounts each year, the money should last you 30 years.
Anyone with a pension or retirement is an investor in the stock market.
Basically, what I do is place a stop, generally 10 to 20 percent below the current price, whenever I buy a stock. The exact level depends on my own analysis of a stock's trading pattern. If a stock violates this stop, I'm out.
Growing richer every day, for as rich and poor are relative terms, when the rich are growing poor, it is pretty much the same as if the poor were growing rich. Nobody is poor when the distinction between rich and poor is destroyed.
A cynic had defined aid as simply the system by which poor white people in rich countries gave money to rich black people in poor countries to put into Swiss bank accounts.
Under Reagan came the idea of putting your pension plan in the stock market, which wasn't a guaranteed pension.
In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is a lot. Today, after serial bubble after serial bubble, the top five per cent have net worth of $40 trillion. The top five percent have gained more wealth than the whole human race had created prior to 1980.
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