The 1% are really raking it in

[Oldgamer]

Let's see.. acting like I'm a one percenter and posting on a forum and supporting them, or being a twit.

I'm going with a TWIT Bob for 500.

Wow when did I ever post that you were a 1 percenter? Seriously this is the first time I have read your posts... and if your a 1 percenter I guess you have millions and millions in wealth then? That must be some really good IT biz you got going there.. you must be nationwide.. well good for you! You are a real job creator then, because you actually contribute to the economy unlike the people we are really talking about.

 

[Tech_Greek]

I've always lurked about but never posted much. I dropped out of the majority of forums as the majority of the time it was petty bickering and trolling that was beyond pointless.

 

[trenchfoot]

So with them doing so well, I wonder why they're still having their lapdogs in the Senate go after Obama with a vengeance, and still having their minions in the HOR going after the Affordable Care Act, and Social Security, and Medicare and every other federal program and regulation that benefits the middle class and the poor?

Oh yeah, that old truism comes to mind again: "Greed hath no bounds".

 

[Subyman]

It is funny how people say you only need to work hard to become a 1%er, as if everyone could become a 1%er by working hard. The statistics don't quite work out there.

 

[Slew Foot]

I don't have a problem with people working hard and actually creating things and becoming wealthy, but the 1% are not creating anything. It is all mostly wallstreet, shareholders, gaming the banking business in such a corrupt fashion that they literally steal from regular people. Bankrupting small businesses chopping them up and selling them. These are the people who do nothing but take take take, and do not give back to the economy at all. And they have bought and paid for congressmen and lobbyists, and judges in their back pockets. They are nothing more than organized crime in my book honestly with Government backing them.

Here is a good article from Business Insider: Rich People Actually Don't create the jobs

And this old tried but true youtube video by Nick hanauer The Rich do not create jobs

By the way this is an easy to read and understand Fantastic book on this entire subject: http://greedybastards.com/ you can buy this book anywhere and get it on kindle. Really easy to read and engaging, and will definitely open a lot of peoples eyes.

Pretty much this, the smartest and hardest working Americans tend to fall into the 1-3% of income range. The true 1% are usually there because of political ties, or luck, or fraud, or something.

 

[sandorski]

Working hard will get you to the Middle Class, at least it used to. Now there's a bit of luck involved in even getting that. Getting to the 1% or even the top 10% requires a lot of luck.

 

[Matt1970]

I don't have a problem with people working hard and actually creating things and becoming wealthy, but the 1% are not creating anything. It is all mostly wallstreet, shareholders, gaming the banking business in such a corrupt fashion that they literally steal from regular people. Bankrupting small businesses chopping them up and selling them. These are the people who do nothing but take take take, and do not give back to the economy at all. And they have bought and paid for congressmen and lobbyists, and judges in their back pockets. They are nothing more than organized crime in my book honestly with Government backing them.

Here is a good article from Business Insider: Rich People Actually Don't create the jobs

And this old tried but true youtube video by Nick hanauer The Rich do not create jobs

By the way this is an easy to read and understand Fantastic book on this entire subject: http://greedybastards.com/ you can buy this book anywhere and get it on kindle. Really easy to read and engaging, and will definitely open a lot of peoples eyes.

Look through some of the richest people in the world and tell me they don't create anything or create jobs.

http://www.forbes.com/billionaires/list/#tab:overall

 

[Subyman]

Look through some of the richest people in the world and tell me they don't create anything or create jobs.

http://www.forbes.com/billionaires/list/#tab:overall

I'd argue a thousand millionaires create just as many jobs, if not more (and more diverse jobs), than one billionaire. The focusing of so many resources onto one single person is the issue.

 

[Matt1970]

I'd argue a thousand millionaires create just as many jobs, if not more (and more diverse jobs), than one billionaire. The focusing of so many resources onto one single person is the issue.

A thousand millionaires would equal a billionaire so dollar for dollar it would be the same amount of jobs. BTW, just one of those billionaire families just happens to employ 1% of America. I don't like where this is going anyways. Seems like you are just trying to justify seizing their assets. Are we really going to start taking money away from those who we feel are not spending it wisely?

 

[Attic]

So with them doing so well, I wonder why they're still having their lapdogs in the Senate go after Obama with a vengeance, and still having their minions in the HOR going after the Affordable Care Act, and Social Security, and Medicare and every other federal program and regulation that benefits the middle class and the poor?

Oh yeah, that old truism comes to mind again: "Greed hath no bounds".

I tend to consider where both sides are unified on to see where the real work is being done. And that scares me.

The highly partisan stuff comes across as a distraction to the more important matters that the bought and paid for politicians need to ensure gets passage.



The biggest misunderstanding I contend with in the current massive shift of wealth to the top is the extent to which it is a zero sum game. Those benefiting from the income gap tend to adhere to the idea that it's an increasing sized pie, so though they are getting much larger pieces of the pie, everyones piece is nonetheless getting bigger. I don't really buy into that, it appears the pie isn't growing fast enough or at all to remedy how much bigger the pieces are getting for the 0.1 and 0.01% of the eaters. Nearly none of the wealth accumulation since the financial crises has not gone to middle class or lower. I attribute that to the outcome of QE and the knowledge that what led to the GFC has more or less been allowed to continue.

Concern is that we keep electing folks who say things the majority wants to hear, a majority increasingly suffering from income inequality and non representation from elected leaders, but that the elected folks will simply adhere to the current status quo once in office. In this way the wisdom of a majorities voice, though dangerous to the status quo, is mitigated as much as needed to keep the status quo.

I hope the next step for the country is to realize that both parties are what they believe their opposing party is. I think a strong third party is the best way to keep all parties honest and allow the will of the people to be implemented. When one side is full of shit it's much easier to combat that in a three party system than in a two party system. Look at how severely a third party is attacked by both parties to see what is really important, whats really important is adhering to the status quo that fails most people while rewarding few poeple.

 

[Zaap]

Let's see.. acting like I'm a one percenter and posting on a forum and supporting them, or being a twit.

I'm going with a TWIT Bob for 500.

Yep, you're a twit.

First off, all your 1% nonsense is just leftist class envy bullshit you've fallen hook, line and sinker for, like a good little puppet. So keep spending all your time pissing and moaning over some 1% bullshit. That's such a great investment in your time, isn't it. It's really paid off, hasn't it?

 

[Knowing]

So I guess in this thread we're pretending that people that make a few hundred thousand a year are just like billionaires?

 

[unokitty]

Lessig: The USA is LesterLand

Members of Congress and candidates for Congress spend anywhere between 30% and 70% of their time raising money to get themselves elected or their party back in power. But they raise that money not from all of us. Instead, they raise that money from the tiniest fraction of the 1%. Less than 1/20th of 1% of America are the “relevant funders” of congressional campaigns. That means about 150,000 Americans, or about the same number who are named “Lester,” wield enormous power over this government.

Rich people don't make the laws.

Politicians, that are supported by 1/20th of the 1%, make the laws.

Notice that that goes for politicians of both parties.

Hating anyone just because they have more than you is a sign of ignorance. And ignorant people get played ...

Uno

 

[MongGrel]

Wow when did I ever post that you were a 1 percenter? Seriously this is the first time I have read your posts... and if your a 1 percenter I guess you have millions and millions in wealth then? That must be some really good IT biz you got going there.. you must be nationwide.. well good for you! You are a real job creator then, because you actually contribute to the economy unlike the people we are really talking about.

I'll appologise as something must have gotten lost in translation there.

 

[Mai72]

Lessig: The USA is LesterLand
Rich people don't make the laws.

Politicians, that are supported by 1/20th of the 1%, make the laws.

Notice that that goes for politicians of both parties.

Hating anyone just because they have more than you is a sign of ignorance. And ignorant people get played ...

Uno

What planet do you live on? True, rich people don't make the laws, but they do influence what goes on in Congress.

They don't give their money to politicians because it feels good.

 

[Zaap]

What planet do you live on? True, rich people don't make the laws, but they do influence what goes on in Congress.

They don't give their money to politicians because it feels good.

The thing that gets me about this, is the disconnect.

Okay, since the rich control government and set the agenda, then can we all agree that the agenda that we see in everyday life is designed to benefit the rich cronies of politicians, and not the peons that have been sold on it like dumbasses?

So surely that must include all the crap that the peons think is for them, like Obamacare (gift to big insurance companies) and so-called "immigration reform" (gift in the making to corporations who will be able to lower wages even farther the more they manage to ship in the third world as their workforce.)

And yet I see this disconnect all the time, especially with the government ass-lickers. "Hooray for everything the government does!!" then in the next breath "The rich control the government!! Unfair!! Wahhh!" It's fucking schitzo.

How is it when people conspire against you to enrich themselves and their cronies, the obvious thing seems to be to latch on and suck their asses and fall for everything they do (So long as they have the letter of your 'team' beside their name) even as you whine about their influencers and benefactors? (Not you personally Korea74, but in general, people who constantly do this very thing.)

 

[dmcowen674]

I don't have a problem with people working hard and actually creating things and becoming wealthy, but the 1% are not creating anything. It is all mostly wallstreet, shareholders, gaming the banking business in such a corrupt fashion that they literally stealing from regular people.

These are the people who do nothing but take take take, and do not give back to the economy at all.

And they have bought and paid for congressmen and lobbyists, and judges in their back pockets.

They are nothing more than organized crime in my book honestly with Government backing them.

Here is a good article from Business Insider: Rich People Actually Don't create the jobs

And this old tried but true youtube video by Nick hanauer The Rich do not create jobs

By the way this is an easy to read and understand Fantastic book on this entire subject: http://greedybastards.com/ you can buy this book anywhere and get it on kindle. Really easy to read and engaging, and will definitely open a lot of peoples eyes.

This man speaketh the truth.

Thank you