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Bacon
Member
Posts: 343
Registered: Jul 2009 |
 Posted February 2nd, 2010 09:22 AM IP   
The Top Ten Worst Things About the Bush Decade
interesting that some have complained about having more than 50%% of the population dependent on the government. This article talks about the elite class controlling more that 50%% of the money.
It's almost like they don't need the money of the middle class anymore.
It's scary.
It's not the D's or R's, it's the elite ruling class.
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Bacon
Member
Posts: 343
Registered: Jul 2009 |
Posted February 2nd, 2010 10:08 AM IP
I wouldn't say the middle class is not needed anymore. Rather exactly the opposite. The middle class is their "feeding ground" and what happens when that is exhausted? Can't get money from the poor. Wipe out the middle class and there is nothing left for the oligarchs to do but start attacking and feeding off themselves. I would liken it to a shark feeding frenzy where the meanest, most vicious will be the survivor.
For most of the poor and middle class this must seem like Paris in June of 1789. Just wondering how long it is until AIG is stormed?
Written by:
buddyboy on February 2, 2010 9:24 AM
buddyboy, I hope you don't mind, I didn't want my response lost in the BS over there.
I guess my counterpoint would be this- if half a percent controls over 50% of the wealth, do they really need us? I suppose if they want all of it. What they need is us placated so we don't revolt.
I feel like a serf.
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cjb56
Administrator
Posts: 421
Registered: Jul 2009 |
Posted February 2nd, 2010 11:21 AM IP
They might not specifically need us, but they do a need an active comsumer base...or they cannot increase their wealth. So far, we are their best bet. They have an eye on China and India, though, and as their people gain more purchasing power...we may not be needed much at all.
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buddyboy
Member
Posts: 8
Registered: Feb 2010 |
Posted February 2nd, 2010 11:32 AM IP
But is that 1/2 percent going to be happy with controlling just 50% of the wealth? I don't think there's a stopping point to greed, but as more wealth is drawn out of the middle class, the only source left is themselves.
I agree 100% on the placating, but I think some of the greed is overriding common sense. Much of the economy is going underground (I apologize for not having the exact quote, but a few years ago one of the bankers told me that the dollar amount of the underground economy was nearing equalling what was being reported) and I think that trend is continuing. There is an attitude of trying to conceal earnings when people see what is being done with their tax dollars.
This results in less of the pie available to be split by that 1/2 percent.
Also, many people are cancelling what used to be necessities but are now moving into the luxury category. How many people are driving without auto insurance? How many may have dropped health care because of the cost? How many are drawing funds out of savings? All of these are reducing the "take" available for that 1/2 percent and they are therefore looking for additional sources of wealth.
The good point is that yes, they need us. The scary part is at what level they want us.
As to "I feel like a serf," (no insult intended, but) go with the feeling. If you think you're considered anything else by the bank, the insurance company, the oil company, etc. please let me know.
Will have to do a little exploring around this board and see what it's all about.
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buddyboy
Member
Posts: 8
Registered: Feb 2010 |
Posted February 2nd, 2010 11:50 AM IP
Not sure about India, but China is almost as insular as Japan when it comes to purchasing from foreign countries. Looking to China as a market for American goods does not have good prospects in my opinion. One only has to look at the amount of counterfeit goods being manufactured in China to see that they would rather counterfeit our goods than buy them.
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cjb56
Administrator
Posts: 421
Registered: Jul 2009 |
Posted February 2nd, 2010 11:57 AM IP
I was thinking more along the lines of more and more current "American" companies move to China and India, where their new (in the future) main consumer base resides. It would require cutting deals with their governments, particularly in China...but that is certainly not an issue for most major companies. If they got a sweeter tax deal to locate their company (HQ included) in China, they would do it.
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Bacon
Member
Posts: 343
Registered: Jul 2009 |
Posted February 2nd, 2010 01:33 PM IP
I guess it's more about the power. With more than 50% of the wealth, they can tell us what we like, can eat, etc.
I don't like sounding like someone with a tinfoil hat on....
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cjb56
Administrator
Posts: 421
Registered: Jul 2009 |
Posted February 2nd, 2010 01:51 PM IP
THEY are the people who will claim you are wearing a tinfoil hat. They rely on discrediting anyone who rocks the boat. Remember a guy named Ross Perot? He seemed pretty lucid, and he sure was a top-flight businessman...but as soon as his message started to resonate with the people, and the big lies were going to be exposed...he started thinking he was being followed, threatened, etc...and he was then painted as a nut. Do you honestly believe the guy who built the TI empire, and the guy who seemed perfectly lucid when building up his campaign...suddenly went crazy?
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Bacon
Member
Posts: 343
Registered: Jul 2009 |
Posted February 3rd, 2010 09:10 PM IP
I think I am going to do some more checking and see what kind of information there is about Ross Perot.
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Bacon
Member
Posts: 343
Registered: Jul 2009 |
Posted February 3rd, 2010 09:11 PM IP
He was the first presidential candidate I was ever able to vote for.
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Lorain County Forum :: Government and Politics :: National and World :: Thought this was interesting |
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