The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Treasury Secretary Scott Bessent tells Tucker Carlson - The top 10% of American
Poast new message in this thread
Date: April 5th, 2025 8:33 PM Author: Non sequitur Treasury Secretary Scott Bessent tells Tucker Carlson
- The top 10% of Americans own 88% of equities, 88% of the stock market - The next 40% owns 12% of the stock market - The bottom 50% has debt -Summer of 2024 more Americans were using food banks than they ever have in history
https://x.com/WallStreetApes/status/1908255398332948489
|
 |
Date: April 5th, 2025 8:46 PM Author: Charles Tyrwhitt Dad Watched the interview. Wanted to see what Bessent had to say. What he actually said was summer 2024 saw record number of Americans vacationing in Europe and record number of Americans going to food banks.
It was striking. |
|
Date: April 6th, 2025 12:28 AM Author: """'"'"""'' the food banks were in Europe (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820047) |
|
Date: April 6th, 2025 4:56 AM Author: Trump Tariffs Can Do No Wrong (TDNW) (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820243) |
|
Date: April 6th, 2025 11:47 AM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820638) |
|
Date: April 6th, 2025 3:25 PM Author: No Paye No Gain (LSAT ace) (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48821098) |
Date: April 5th, 2025 8:47 PM Author: AZNgirl charging 245% Tariff on AZNman's Existence i bet those stats are shit cause it includes pension funds and vanguard and shit as top 10% holders when in reality they are just holding stocks for regular ppl (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819528) |
|
Date: April 5th, 2025 9:01 PM Author: Emotionally + Physically Abusive Ex-Husband There are other reasons it’s stupid. For example, I’d bet 70% of Tucker viewers read this to mean that only 12% of ordinary Americans own equities. (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819592) |
|
Date: April 5th, 2025 9:03 PM Author: AZNgirl charging 245% Tariff on AZNman's Existence no way, trumpkins are veddy good at numbers, the best in fact. they love stats and math and history a lot, believe me (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819602) |
|
Date: April 5th, 2025 9:05 PM Author: Emotionally + Physically Abusive Ex-Husband Let’s list other ways it’s retarded: -guarantee a significant number of the people he lists as “in debt” have retirement that is highly dependent on equities, including obv tons of 401sK |
|
Date: April 5th, 2025 9:06 PM Author: Emotionally + Physically Abusive Ex-Husband Losing 10% of $1M net worth is much more impactful than losing 10% of $100m NW. (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819611) |
|
Date: April 5th, 2025 9:21 PM Author: hank_scorpio you are completely disconnected from reality, he is clearly stating that 50% of americans have enough in the market to be affected, but that leaves a lot of people, a below average american does not have a million dollars moron (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819650) |
|
Date: April 5th, 2025 9:24 PM Author: ,.,...,..,.,.,:,.;,.,.,::,.....,;,.,.:.:.,;.::,. No, he was being disingenuous by saying 50% of Americans are in debt as if that meant they didn't have stock.
62% of Americans own stock. Remove blacks and Mexicans and the number is much much higher:
https://www.google.com/amp/s/www.statista.com/chart/amp/30224/share-of-americans-who-own-stock/ |
|
Date: April 5th, 2025 9:30 PM Author: hank_scorpio owning 5 dollars of stock just doesn't fucking count, you are being extremely disingenuous, this point is about the amount of money in FUCKING TOTAL, how many billions and trillions (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819664) |
|
Date: April 5th, 2025 9:34 PM Author: ,.,.,.,.,...,.,.,.,..,., Nobody owns just 5 dollars of stock lol. You can't even set up an account or buy a share with 5 bucks. Most of these people have a substantial portion of their retirement savings in stocks or mutual funds. It might just be 20 or 30 grand, but that is a huge amount of money to lose for people like this. Like someone's entire life savings and they can't afford to lose it.
And that 62 percent doesn't even count union workers with pension funds that invest in equities. |
|
Date: April 5th, 2025 9:37 PM Author: hank_scorpio lol, look at this shit you're contorting yourself into, 20k is literally nothing next to tens of billions and a small cut to that money that they can't even access until they retire means nothing, you are just lying about what matters while not even disputing the central point, the rich own everything, almost all of it (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819681) |
|
Date: April 5th, 2025 9:39 PM Author: ,.,.,.,.,...,.,.,.,..,., That's not the point. The point is fucking with the stock market fucks these people over. And many of them are near retirement and they're going to be completely screwed. (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819686) |
|
Date: April 5th, 2025 9:40 PM Author: hank_scorpio no, that is the exact point, how much actual wealth is owned by who, that is the point from the OP and that is what epah is disputing like a retard, learn to read (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819689) |
|
Date: April 5th, 2025 9:43 PM Author: ,.,.,.,.,...,.,.,.,..,., Nope
Date: April 5th, 2025 9:05 PM Author: Emotionally + Physically Abusive Ex-Husband
Let’s list other ways it’s retarded: -guarantee a significant number of the people he lists as “in debt” have retirement that is highly dependent on equities, including obv tons of 401sK
(http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2#48819609) |
|
Date: April 5th, 2025 9:47 PM Author: hank_scorpio you think below median American households have retirment savings? Did you wake up fucking yesterday? The OP said 40% have some equities. Below average have jack shit and everyone knows that. (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819712) |
|
Date: April 5th, 2025 9:49 PM Author: ,.,.,.,.,...,.,.,.,..,., More than half of U.S. households had retirement accounts in a just-released study by the Congressional Research Service. That's 54%, to be exact, according to the CRS in “Distribution of Retirement Account Balances: Analysis of the 2022 Survey of Consumer Finances,” released in Feb.
https://www.asppa-net.org/news/2025/3/more-than-half-of-u.s.-households-have-retirement-accounts-crs-says |
|
Date: April 5th, 2025 9:52 PM Author: hank_scorpio you're literally not disputing the OP you enormous retard, he said 50% have enough stocks to matter, a couple extra proles have hundreds of dollars is NOT FUCKING RELEVANT (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819727) |
|
Date: April 5th, 2025 9:55 PM Author: ,.,...,..,.,.,:,.;,.,.,::,.....,;,.,.:.:.,;.::,. Hank_scorpio: "you think below median American households have retirment savings?"
Reality:"More than half of U.S. households had retirement accounts....That's 54%, to be exact" |
|
Date: April 5th, 2025 10:04 PM Author: hank_scorpio so an additional 4% have *some* retirement savings and you think this is an own? jfc (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819750) |
|
Date: April 6th, 2025 12:27 AM Author: Emotionally + Physically Abusive Ex-Husband Quick Q: In your view, *precisely what point was the kiddy-diddler SecTes making? (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820045) |
|
Date: April 6th, 2025 12:36 AM Author: hank_scorpio that about half of all Americans don't have meaningful investments in the stockmarket and another 40 percent are basically absurd fools who don't realize how poor they are, what part do you disagree with? (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820070) |
|
Date: April 6th, 2025 1:53 AM Author: Emotionally + Physically Abusive Ex-Husband Your view is that Drumpf caused a stock market crash to revive the economic prospects of the 90+% of people you include in your two categories?
Are you even based? |
|
Date: April 6th, 2025 1:53 AM Author: hank_scorpio you didn't answer my question, which was very simple (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820171) |
|
Date: April 6th, 2025 6:33 PM Author: To be fair (Semi-Retarded) To be fair,
I noticed too, too. I'm sure it was just an honest and inadvertent oversight, but I still found it incredibly odd and extremely interesting IMO. |
|
Date: April 5th, 2025 9:42 PM Author: Louis Poasteur Everything in life is subject to power laws where some have more success than others. That doesn't mean you blow up the whole damn thing (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819697) |
|
Date: April 5th, 2025 9:43 PM Author: hank_scorpio that doesn't change underlying facts, so why dispute that the top 10% own almost everything? Yes a bad economy is bad for everyone, but that doesn't change that fact (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819699) |
|
Date: April 5th, 2025 9:44 PM Author: ,.,.,.,.,...,.,.,.,..,., (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819704) |
|
Date: April 6th, 2025 6:32 PM Author: To be fair (Semi-Retarded) To be fair,
Whoa, suddenly libs are just casually commanding us to "remove black and Mexicans" in our analysis of what REALLY matters on a national public policy level, because let's be real who gives a fuck about those worthless shitskins we shouldn't be taking them into account anyway... ODD FUCKING CASE!!!
lmao @ you insane ultra-hypocritical faggots |
|
Date: April 6th, 2025 12:23 AM Author: Emotionally + Physically Abusive Ex-Husband You think I'm going to waste my time listening to two bowtie wearing faggots discuss tariffs? I was responding only to the post. (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820038) |
|
Date: April 6th, 2025 10:19 AM Author: ,.,...,..,.,.,:,.;,.,.,::,.....,;,.,.:.:.,;.::,. (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820498) |
|
Date: April 5th, 2025 9:13 PM Author: Emotionally + Physically Abusive Ex-Husband After a 25% correction, the “solution” these faggots are going to come up with to stim the market is to cut the taxes of those same 1% who bailed out on the way down.
And then when we’re back to 45k these faggots will say look we saved the economy and the vast majority of Americans share in the wealth of the stock market, thru their retirement plans, etc |
|
Date: April 6th, 2025 12:29 AM Author: Emotionally + Physically Abusive Ex-Husband Hank Scorpio your response? Will it benefit the majority of Americans when Drumpf responds to the 25% crash he creates by cutting taxes on the richest Americans so that they have more money to re-invest in the stock market when it hits 5-year lows? (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820049) |
|
Date: April 6th, 2025 12:37 AM Author: hank_scorpio I never took a position on that (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820073) |
|
Date: April 5th, 2025 9:22 PM Author: ,.,...,..,.,.,:,.;,.,.,::,.....,;,.,.:.:.,;.::,. (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819651) |
|
Date: April 5th, 2025 9:20 PM Author: hank_scorpio ljl, you fucking retard, it means how much money in total, it doesn't matter if a bunch of proles have 5k in some 401k, that next 40% are the people who have things like vanguard but are not mega rich (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819645) |
|
Date: April 6th, 2025 11:30 AM Author: Diane Rehm talking dirty (🐿️ ) Arguing with them is pointless. (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820622) |
|
Date: April 6th, 2025 6:35 PM Author: To be fair (Semi-Retarded) To be fair,
It really is amazing how the very same group of notorious smug shitlib retards who have infamously been proven wrong about too many issues to name over the last few years are still 10000% convinced that they are absolutely right about this (oh and all of the rest of the shit they're whining about these days, as well).
Odd case! |
|
Date: April 5th, 2025 9:07 PM Author: Die Hard 2: Die Harder So foreigners own 0% of the US stock market? (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819613) |
|
Date: April 5th, 2025 9:12 PM Author: AZNgirl charging 245% Tariff on AZNman's Existence no one wants to talk abt this esp the huge brokers who prob know that 30-40% of their invested money is foriegners using US addies (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819623) |
|
Date: April 5th, 2025 9:16 PM Author: Emotionally + Physically Abusive Ex-Husband Tucker and Bissent are being disingenuous pieces of shit and tricking the vast majority of Tucker’s audience? (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819634) |
|
Date: April 5th, 2025 9:49 PM Author: Louis Poasteur Bessent claimed in the interview that the 11% drop in two days was caused by the release of "DeepSeek" three months ago:
"For everyone who thinks these market declines are all based on the President's economic policies, I can tell you that this market decline started with the Chinese AI announcement of DeepSeek," Bessent told conservative commentator Tucker Carlson.
"If I were to analyze in my old hat, and this is the only time I'm going to talk about it ... what's happening with the market I'd say it's more a Mag 7 problem, not a MAGA problem" |
|
Date: April 6th, 2025 2:14 AM Author: AZNgirl charging 245% Tariff on AZNman's Existence this faggot kike is such a pile of shit jfc where does trump find these losers (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820180) |
|
Date: April 5th, 2025 9:23 PM Author: sealclubber americans using food banks just means people living in america (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819652) |
|
Date: April 5th, 2025 9:32 PM Author: cannon I read somewhere that the bottom 50% own 1% of all equities and the median value of stocks held directly by Americans was like $15k. I don’t think that value included mutual funds though. (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819667) |
|
Date: April 5th, 2025 9:41 PM Author: Covid was a Hoax seems perfectly believable to me tbh (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819693) |
|
Date: April 5th, 2025 10:05 PM Author: hank_scorpio it's actually an improvement from just a few years back when they routinely said the top 10% had over 90% of equities (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48819751) |
|
Date: April 5th, 2025 10:07 PM Author: ....;..;...;;;.....;;......;; Yea unsurprisingly XO libs are completely out of touch with reality.
The bottom 50% aren’t banking away money for retirement. Most have zero assets outside their house. They are counting on SS and most work till they physically can’t.
They don’t GAF about the stock market |
|
Date: April 6th, 2025 3:53 AM ? This is flame. After the COVID money printing, the bottom 50% are at least on paper millionaires. Granted, a million bucks isn't nearly what it used to be, but even after recent downturns they have at least that much in the stock market unless they're teenagers. (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48820225) |
|
Date: April 6th, 2025 3:23 PM Author: sealclubber yes, the bottom 50% driving around in their sad 3-year-old mercedes and having to manage with their barely above $100,000 checking accounts unless they're teenagers (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48821092) |
|
Date: April 6th, 2025 3:28 PM Author: '"'''""''''" I’d be pretty worried about how that 40% is going to react (http://www.autoadmit.com/thread.php?thread_id=5705969&forum_id=2...id.#48821103) |