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bucolic_frolic

(49,730 posts)
4. Lots of problems with that
Sat Feb 22, 2025, 12:12 PM
Feb 22

Dems have modest ties to Wall Street. Mostly antagonistic. Wall Street wants Social Security funds for investment.

Working people lack experience with investments. FINRA ratings, SEC oversight are modest help.

Tax credits for new businesses are not understood by working class people. Mostly such initiatives are gobbled up by $$$ Republican corporate wives with a Yoga or trendy retail store in small towns. The husband earns the bread, the wife is a tax write-off. We feed them but do little for the poor working people.

Would we be better off creating a giant All-USA Workers Annuity Sovereign Wealth Fund that pays like Norway, or Alaska's Oil Fund? (Forgive my lack of understanding, Norway. I use concepts, not expertise.)

If we would reward people and show them the way there would be some improvement. And we could focus on problems like pollution and climate change instead of class warfare. Would Republicans cooperate? I doubt it. They want theirs and yours. If you accumulate it, they want it. Greed is still the bottom line.

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