@campanaelia wrote:
These are the after effects from TFG after increasing the debt $8T in only 4 years. He gave permanent tax cuts to billionaires, and billions in bailouts to farmers and his oil buddies. Who in their right mind would cut tax revenue for the wealthiest and corporations while raising the debt?
Trickle down was the biggest lie created by Reagan, after 40 years it's proven to be a failure. Before that there used to enough money to pay for everything, now they have us pointing are fingers at each other over who's receiving what benefits while the billionaires and CEO's are laughing all the way to the bank.
Uhhh Yep.
Over those four years more national debt built than any prior administration, twice as much as the prior in fact. Funny speak of fiscal irresponsibility when "The Man" has never been fiscally responsible since achieving adulthood, that's not a knock, just a fact. Bankruptcies, tabloids and in fact so bad a business acumen he literally could not get a secured business loan, most folks here could get one. Deutsche Bank gave loans, unsecured and when they started getting investigated his two reps there tried flea Germany, both were caught. One tried again, caught, then committed suicide.
I do have to disagree on one statement, well... Sorta. We've basically 750 American Billionaires worth about 5.7 Trillion. We've 22 Million Millionaires worth 158 Trillion. Think about that, basically 1 in 12 adults. Can't blame em', they took advantage of the 1980's - 2000's scenario. Quite a few of them millionaires are immigrants, in fact eBay's founder, immigrated here. Immigrants come in with a want to have a better life, succeed, least' most of em. Canada, UK, Germany, Australia are embracing new immigration in huge fashion as they look towards America's past as the example. Every time America has really embraced immigration the economy just booms.
I've said this before time and again here to anyone who cares actually read credible financial news AND understand it. Once upon a time folks here at eBay selling think, "I'm competing against other sellers."
That's still true.
"Oh yeah, I'm competing against Amazon sellers and Posh Mark etc!"
That's still true.
What's NEW to this arena is now sellers are competing for the DOLLAR as finite money exists in ever so many hands. Now we're competing against Walmart, Macy's, Kohls, Target, even Dollar Tree who's booming as is Walmart. Online Walmart's done excellent this year, up a whopping 16% online third quarter even.
Now Macys, Kohls, Target, Best Buy, Autozone, Walmart, Target, Pet Smart and EVER so many more have NEVER competed against one another like people think here. They have ALWAYS competed for the DOLLAR in modern times as they consign goods under terms with price protection. They don't really much care what people buy in said stores, they care that are buying at THEIR STORES. Of course products that don't sell they return or send out to wherever distributor/manufacturer want. Product that doesn't perform they make $0 margins on, take up retail space... In fact they measure store performance BY retail space.
They all compete for THE DOLLAR and NOW because of finite money and other factors online sellers have to not only compete with each other but FOR THE DOLLAR. You could say, "eBay has to compete for the dollar" and that's really hard to do with a million different sellers not to mention trust, this/that and the fact 92 out of 100 shoppers are doing so on cellphones limiting real-estate in just HUGE fashion.
When things were 2G and 3G wasn't very fun shop online but with 4G and 5G plenty fast and every operation under the sun is now "Mobile First Engineering."
Imagine a news site, CNN or Fox, pick you're flavor but instead of several handfuls of writers there's 5 million and every single one wants there stuff to be read and paid for it. That's where we are.
Quite frankly given that fact its actually pretty damned amazing eBay hasn't sunk under the weight of mobile technology nor that of all that competition out there now for the dollar. As much folks want tear into eBay this is company that has continually beat the odds for over twenty years now and well... That's something to be respected.
