He had two compare the difference between the 1950s and today. Smart women in the work force are marrying smart men and there for it increases the income inequality gap. I didn't know that statistics regarding income inequality was based on Joint Returns. "Divorce rate impoverishes." Divorce dominates the lower income classes in society. "...Marriage is a tool to reach wealth."
These are the three myths of income inequality according to Larry Kudlow:
- inequality is at an all time high and rising
States the Kudlow Report, the all time high was 2007 and not 2014. Really? Before the 2008 crash and while the housing market bubble was deflating.
- rich are getting richer and the poor are getting poor
The Kudlow Report's propaganda about this states it is only the 0.1% that is causing the gap. Wow, that was a genius statement if I ever heard one.
- permanent plutocracy
Supposedly the plutocrats are moving in and out of wealth acquisition all the time. I suppose it is like the market today as they moved from stocks to bonds to cover any losses in the so called emerging markets that all the propagandists played up as a great happening in the world while the 0.1% did so well. Mutual funds across the board had increases.
Larry states the President doesn't get the wealth message. He further stated Bill Gates, the Late Steve Jobs and Mark Zukerberg have created more millionaires in recent years. Larry states all those millionaires that these men created will put that money back into the economy.
I am trying to figure out if the new millionaires created by all those folks were at all in the USA. I think it is very sad when propaganda is all one hears when it should be sound fiscal advise. No excuses.
August 7, 2012 at 4:30 pm
The only positive out of this program was about immigration. Kudlow states immigration reform is a pro-growth economy. It amounts to more consumers of local economies when their pay rate is better and they are Americans. Right now immigrants locked out of good wages live and breath at Walmart.
The winners in the US stock market today were primarily electronics, digital, semi-conductors of well standing companies. The softer consumer stocks such as McCormick, Avon, of course Boeing, the troubled Yahoo and computer storage stocks all were losers today.
The winners in the US stock market today were primarily electronics, digital, semi-conductors of well standing companies. The softer consumer stocks such as McCormick, Avon, of course Boeing, the troubled Yahoo and computer storage stocks all were losers today.
