Investors lose a trillion dollars in one day

[Clip-Clop]

Originally Posted by Riot

Yes, it's the Constitution, where one of the first and most important tenents is that our government has the power to tax for the common good of us all. Like ensuring our elderly no longer die in poverty, without health care, on the streets like they used to before we decided to make Social Security and Medicare as safety nets.

Don't forget - those programs came out of need.

The Great Depression is over. The day the federal government entered the charity business was the first step down a very slippery slope.
Call me callous but there are privately run charities, church run charities and families who take care of their own. My mother in law runs one for the elderly, private donations pay for it. People donate ("wealthy" people like my wife and I) to pay for the services that are provided. Nobody needs the fed telling us what to do with our money. Grow up.

[Riot]

Originally Posted by Clip-Clop

The Great Depression is over. The day the federal government entered the charity business was the first step down a very slippery slope.

Social Security and Medicare are not charities. They are not "giveaways". We all contribute during our lives, and we all benefit.

Call me callous but there are privately run charities, church run charities and families who take care of their own.

Yeah, well that didn't work so well in the past, resulting in seniors starving and dying due to lack of health care and a stipend in their old age. Being a caring, charitable Christian country, who worries about our poor and our elderly, we decided that we would all contribute a bit, so all of us would have a fall-back insurance safety in our old age.

People donate ("wealthy" people like my wife and I) to pay for the services that are provided. Nobody needs the fed telling us what to do with our money. Grow up.

Get out. You don't like the way this country was created, and what our American values are as a society, and you don't want to contribute, but want to take all the benefits - move elsewhere.

Try creating Galt's Gulch, and see how long you last.

[Clip-Clop]

This is pointless, the discussion began about losing money in the markets and has become a soapbox for forced donations into programs we might get to see last until we are 10 years away from being able to access them at 30-40% of our investment. Tap out.

[Clip-Clop]

I handle my own investments. Doing fine.