Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: "The economy" doesn't need you: Top 5% do 37% of consumer spending. [View all]HiPointDem
(20,729 posts)16. public discussion is organized around escapism and distractions. silence would
force people to look at their actual lives instead of fake crap.
Edit history
Please sign in to view edit histories.
45 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
"The economy" doesn't need you: Top 5% do 37% of consumer spending. [View all]
HiPointDem
Jun 2012
OP
'U.S. Economy Is Increasingly Tied to the Rich' - because they won't let the rest of us
KG
Jun 2012
#1
Then we don't need the economy. This is why we need a LONG bout of hyperinflation.
Zalatix
Jun 2012
#3
hyperinflation doesn't hurt the plutocracy. they *create* hyperinflation as an attack
HiPointDem
Jun 2012
#4
no, it doesn't have to. unfortunately, people are so worried about sunscreenpolicy
HiPointDem
Jun 2012
#9
public discussion is organized around escapism and distractions. silence would
HiPointDem
Jun 2012
#16
There wouldn't be silence. The void would be filled with Koch-approved propaganda.
Zalatix
Jun 2012
#18
They can't control anything they're not physically sitting on, in that kind of situation.
Zalatix
Jun 2012
#36
What's to stop them buying gold or commodities through trusts based in the Bahamas, for example?
Nye Bevan
Jun 2012
#37
the top 20% apes the top and despises the bottom. as long as they get their vig
HiPointDem
Jun 2012
#11
But the bottom spends more of their income just to survive (higher percentage of what they make).
mmonk
Jun 2012
#19
the ptb don't *want* to expand the economy. they want to kick you out of the economy.
HiPointDem
Jun 2012
#21
i actually read something maybe 8-10 years ago talking about how 'the market'
HiPointDem
Jun 2012
#25
This is good. The bottom will eventually discard the structures that the top owns...
joshcryer
Jun 2012
#27
and to the person saying everything is going to be so cheap no one can make money
HiPointDem
Jun 2012
#28
I'm a sculptor and I've come to this conclusion too. I figure I'm going after the
snappyturtle
Jun 2012
#34
if the top 5% does nearly 40% of the consumer spending, and consumer spending
HiPointDem
Jun 2012
#30
I've been screaming about it for years. Finally, someone published this warning.
Zalatix
Jun 2012
#33
in 2011 the top 5% took home about 32% of total income. what's so intuitively
HiPointDem
Jun 2012
#40
maybe if the rest of us made a decent salary we would have more pull and spend more
WI_DEM
Jun 2012
#39
The bottom 50% of the income distribution takes home about 13% of all income. The top 1% takes
HiPointDem
Jun 2012
#42
the bottom 50% takes home about 13% of all income, less than the top 1%, who takes 23%.
HiPointDem
Jun 2012
#45