What does the saying "What's good for Wall Street is bad for Main Street" mean?

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  1. ptosis profile image73
    ptosisposted 8 months ago

    What does the saying "What's good for Wall Street is bad for Main Street" mean?

    Often, keeping the share price high and increasing shareholder value must be done at the expense of the Main Street worker.

    So if the Stock Market is at a all time high salivating over the impending Republican tax bill with a $1.5 Trillion defict - what does that tell you? Do you support the tax overhaul about to be voted on Monday or Tuesday?

    https://usercontent2.hubstatic.com/13808091_f260.jpg

  2. bradmasterOCcal profile image30
    bradmasterOCcalposted 8 months ago

    The wage earners are on Main Street, and the wealth is on Wall Street.
    It is thru the stock market that billionaires are made and taxes are avoided or reduced.

    I think with all the technology in use today, the stock market is a misleading economic indicator.

    To answer your ? on the tax overhaul I am not happy about any TAX bill that continues to save the 16th amendment Income TAX. It is an amendment that should have never been passed, and their is some speculation that it didn't really pass.

    The Internal Revenue Code was a bipartisan method for the wealthy of the left and the right to stay rich.

    The 16th amendment took away the most significant protection given to the Central Government, that of apportionment.

    Once again, I say that the Income Tax should be entirely replaced by a National Sales Tax, and FICA should be the only withholding from a wage earner's paycheck. I would also get rid of FICA and replace it with something similar to the perks given government employees as found in their FERS and FEHS.

    The democrats in either case are just playing the Ali, "Rope a Dope". That is not upholding their oath to their office or their duty to the country and its people. The republicans are just being stupid.

    I have always said that, Neither party has the solutions, but Both parties have contributed to the failures.

    I notice that you are cherry picking my questions. I would really like to see how you would answer them. In any case, I will still put them out until the forums take them away.

    At which time, you won't see any questions from me anymore.

    1. ptosis profile image73
      ptosisposted 8 months agoin reply to this

      How come you don't over to the forums? Oh yeah - can't delete people's answers - eh? Or are you banned forever on the forums?

    2. bradmasterOCcal profile image30
      bradmasterOCcalposted 8 months agoin reply to this

      ptosis
      I am not banned,when I did the forum there were too many snipers that just trolled. In addition, the threads get too convoluted to make any sense.

      How come you dn comment on my comment here? When was the last time I deleted your comments?

 
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