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JDPriestly

(57,936 posts)
24. The 1% of today made most of its money off the technology and industry of WWII.
Fri Jul 27, 2012, 10:00 AM
Jul 2012

The computer industry, for example, was the baby of government-paid employees working with private industry in WWII. That's where the technology that has so drastically improved efficiency and productivity in our economy was developed.

Bill Gates did not invent the concept of a computer. He developed the concept of the PC based on work done in WWII and thereafter thanks to government investment and contracts.

Interestingly, the leaders, the primary inventors and developers in the PC business (as opposed to the huge computers used by the military in the post-war, Cold War years) were born in and around 1955. They were part of the often maligned generation of the baby boomers. That's Bill Gates, for example. Bill Gates had access to a clumsy cold war era computer at his private school when he was a teenager. That is how he got his start. Most (not all perhaps) of the two or three key pioneers in the PC industry have similar stories.

So, in addition to working people, our increased productivity which has enabled the extremely wealthy to get where they are is owed not just to individual ingenuity, talent and hard work, but to a lot of government research, subsidies and infrastructure. That's why the 1% who have enriched themselves off the backs of the people who together paid for that technology need to pay back more in taxes to give this nation a good start on the innovation of tomorrow.

It's just too risky and not interesting enough to established businesses to do the fundamental research that leads to the kind of technology that the businesses of the future will need to stay innovative. Think of the pure math that is behind a lot of the technology of today. That very fundamental work that we don't even realize is done happens in universities. And whether those institutions are private or public, much of that work is done thanks to government grants by people who, quite often owe part or all of their education from kindergarten through post-graduate school -- to government schools and grants and programs.

Think of the frontiers of tomorrow -- for example, healing and using the oceans for more than just fishing and shipping. Dealing with climate change. Dealing with the new health challenges that climate change will bring. Dealing with the unimaginably difficult challenges of overpopulation. Trying to educate people not just to handle new technology but to live together in peace.

The aristocracy that the 1% dreams of creating does not and cannot deal with those challenges. Aristocracies focus on retaining their power, on increasing their profits and exploiting the energy of their vassals and serfs. They expand their holdings primarily (although not entirely) through war, not through creativity. They fund things that are useful to them. If the Middle Ages and pre-modern world are measures, they build an infrastructure based on maintaining the status quo. They are quintessentially conservative -- fighting to hold on to what they have and take from others, not innovate.

We can't let the 1% take over. We need democracy. We need a healthy government as well as a healthy number of smaller, competing businesses and industries.

The extreme concentration of wealth in the hands of the few is the greatest of the immediate challenges that we Americans face. It is driving us toward a feudal structure with a hereditary elite -- the antithesis of the American dream and a sure prescription for failure.

Raise the taxes on the top 1% or 2% in this country. It isn't just about money.

They aren't going to create the kinds of jobs we want or need.

And, by the way, that bit about how selfish and greedy consumers are. It's the consumers who are in the 1% who are the most selfish and greedy. Especially nowadays, most people on this earth are struggling to get by, to feed and clothe and house their children and parents. Most people are not selfish and greedy. Most people are barely surviving.

"Job Creators" is offensive. [View all] Evasporque Jul 2012 OP
K&R. Want to watch this one. n/t Egalitarian Thug Jul 2012 #1
indeed... Evasporque Jul 2012 #3
The real job creators are consumers!!! nt nanabugg Jul 2012 #34
When labor is superior to capital, everybody does better. Put the money into the hands of the people Egalitarian Thug Jul 2012 #36
Without us worker bees, there'd be no "job creators" tilsammans Jul 2012 #2
The Biggest Failure Of The Labor Movement... KharmaTrain Jul 2012 #4
spot on...union and non-union workers alike... Evasporque Jul 2012 #10
The 1% of today made most of its money off the technology and industry of WWII. JDPriestly Jul 2012 #24
Without the masses these job creators would have nothing. nc4bo Jul 2012 #5
or Gods Proud Liberal Dem Jul 2012 #8
It wouldn't be, except for one teensy-weensy question Zyzafyx Jul 2012 #6
They don't create jobs out of thin air Proud Liberal Dem Jul 2012 #7
more like 500 times more in pay, not 500% tk2kewl Jul 2012 #9
good correction.....thnx... Evasporque Jul 2012 #19
k&r Starry Messenger Jul 2012 #11
Customers create jobs.... Jeff In Milwaukee Jul 2012 #12
K&R warrprayer Jul 2012 #13
Shout it from the rooftops!! sarchasm Jul 2012 #14
Save the Rich warrprayer Jul 2012 #15
K&R Scuba Jul 2012 #16
The really offensive part is the utter stupidity of the argument William Seger Jul 2012 #17
Well put treestar Jul 2012 #23
500% more pay? No. lastlib Jul 2012 #18
correct 500x.... Evasporque Jul 2012 #20
The rich don't own the economy. Cary Jul 2012 #21
Agreed with no one to buy their products they can't create jobs treestar Jul 2012 #22
Exactly. lumberjack_jeff Jul 2012 #25
I agree that it's offensive, and I continue to be amazed by the fact that Marr Jul 2012 #26
They could "create" all they want; without someone there to do it & to buy it, they got nothing. patrice Jul 2012 #27
They create high paying jobs for friends & familiy. raouldukelives Jul 2012 #28
Now you're talking. Blanks Jul 2012 #43
It's not offensive - It's misdirected ... Trajan Jul 2012 #29
Kay and effin' ARRRRGH! nt hifiguy Jul 2012 #30
Tell these bums that they are mispelling the term! They should be called "Job Craters"... cascadiance Jul 2012 #31
"Job creators" is merely the term protect our future Jul 2012 #32
"Job creators" = wealth concentrators = economy killers. moondust Jul 2012 #33
Even if there are potential new customers... kentuck Jul 2012 #35
It is DEMAND for goods and services that creates jobs. Bake Jul 2012 #37
Exactly what I was going to say Canuckistanian Jul 2012 #40
They use the word creator because they are their gods. mmonk Jul 2012 #38
Another ungrateful peasant who doesn't know her place. Recommend. Zorra Jul 2012 #39
So whose fault is it that the economy isn't creating jobs? The workers? dkf Jul 2012 #41
It's the PUBLIC that buys products and services that create jobs, along with... Honeycombe8 Jul 2012 #42
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