175 Million Americans Already More Wealthy Since President Trump Was Elected. More To Come!

[MementoMori_]

The US Stock markets reached ANOTHER new all time record high today after the Trump administration announced that sweeping and deep tax cuts and regulatory relief will soon be here. Investors are looking forward to liberating the private sector free enterprise economy from the crushing pressure of draconian government over-regulation and taxation over the past 8 years under the Obama administration.

Over half of all American adults own stocks either directly, through mutual funds or in their retirement plans. That means between themselves and their families, about 175 million Americans are already more wealthy since President Trump was elected.

And this is just the start. President Trump has the most ambitious regulatory cutting and tax reform agenda of any president at least since Ronald Reagan, under whom the economy saw the strongest, longest economic recovery in its history.

These are exciting times for free market capitalists, investors, overburdened weary taxpayers, the 175 million ordinary moms and pops, grandmas and grandpas who own US stocks, small business owners, ordinary people and even the 144 million other Americans who don't own any stocks but who will benefit from a roaring economy with higher wages, less taxes and more competitive goods. We will finally have a government that isn't trying to crush the engine that creates jobs, creates prosperity and makes our country strong. Hallelujah!

[Anonymous]

So those who already have money are doing a little better but those who are struggling... the other 50% of the country...
In fact the majority of beneficiaries will be the super rich. Big surprise there; funnel the money up the chain to trump and his Goldman Sachs and oil tycoon buddies.
Oh and why do we regulate these guys? Oh yes because they have a tendency to steal everybody's money and think nothing of destroying the economy in the process.

[goaded]

Yeah, we don't need any rules like this: "The Department of Labor’s fiduciary rule would have forced investment advisers in workplace retirement plans like 401(k) s to operate in their clients’ best interests, rather than recommending high-cost, high-risk products that offer the advisers kickbacks and perks."

This was due to go into effect in April. But the new executive order directs the Labor Department to review the rule, which is expected to initiate the process of rescinding it.

[MementoMori_]

"Now he needs to do something to help the other 125 million people as well. "

As the stock market goes so goes the economy. It's a leading indicator of future economic growth. And what it is saying is that what President Trump is doing is good for economic growth.

A rising tide lifts all boats. A growing economy lifts all Americans. Nothing will help the people you are talking about more than economic growth. It creates more jobs, better jobs and less tax burden on everyone.

[goaded]

I don't know where that quote comes from, but that particular rule was intended to stop the people managing everyone's retirement funds from taking most (or more) of the gains earned by other people's money for themselves.

[Anonymous]

I am glad for them, I am actually one of those 175 million people. Now he needs to do something to help the other 125 million people as well.

[MementoMori_]

This was posted under the wrong comment for some reason. I meant it to be posted here:

"Now he needs to do something to help the other 125 million people as well. "

As the stock market goes so goes the economy. It's a leading indicator of future economic growth. And what it is saying is that what President Trump is doing is good for economic growth.

A rising tide lifts all boats. A growing economy lifts all Americans. Nothing will help the people you are talking about more than economic growth. It creates more jobs, better jobs and less tax burden on everyone.

[Opinion Owner]

It is an indicator nothing more. The stock market rose to record heights under Obama as well... yet many people in the economy were and are still struggling. Hopefully he creates more jobs here in the US, because what many Multinationals do is take the increased revenue and create jobs elsewhere *cough China*. If he can actually create good, well paying, FULL TIME, jobs that you can live off of and support a family here that will be good. Creating jobs in China or part time at McDonalds, will not, it would just be a continuation of Obama... We all saw how well that worked out.

[MementoMori_]

The only reason the stock market (and the economy) didn't collapse under Obama is that the Federal Reserve pumped so much currency into the economy to fund the massive debt Obama amassed that interest rates were at record lows the entire time he was president. The stock market only survived during Obama's term because there was no place else for investors to put their money where they had any chance of not losing it to inflation. Now that deception game has been played out and the only way to get market and economic growth going forward is to do it the old fashioned honest way with real increases in corporate profits that come from innovation, efficiency and good business decisions that give companies the incentive to invest in America. The Obama shell game is over. Trump is going to deliver the real deal.

[Dred1614returns]

He's cruising to a second term.