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applegrove

(118,642 posts)
Tue Aug 14, 2012, 10:34 PM Aug 2012

Biden is right to talk about people being chained to volatile markets. In the late

1800s and early 20th Century fortunes were made but the workers were crushed again and again by the boom/bust cycle. The rich make money off of booms or busts these days, betting for or against the market. The worker would become impoverished, lose their business, starve. Nest eggs get wiped out. Same as today(well today people don't starve, but they will if Ryan gets his hands on their food stamps). Fact is rich people do not like inflation and will accept high unemployment to not have to face it. Plus unemployment lowers their costs. There is much the 99% don't have in common with the 1%, including wanting to be unchained from the cyclical slavery to the poverty that is markets that aren't regulated properly.

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Biden is right to talk about people being chained to volatile markets. In the late (Original Post) applegrove Aug 2012 OP
The rich hate inflation because the mountains of cash they sit on... Amonester Aug 2012 #1

Amonester

(11,541 posts)
1. The rich hate inflation because the mountains of cash they sit on...
Tue Aug 14, 2012, 10:46 PM
Aug 2012

in tax havens lose value and they can't let THAT happen.

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