General Discussion

snot

(10,516 posts)

4. You go, Hissy!

Sun Dec 15, 2013, 04:46 AM

Dec 2013

How do the 1% expect to keep getting richer, if they keep us too poor to buy anything?

Since the 70's, excessive man-hours, plus tech advances, have created vast wealth, virtually all of which has been scraped off by the 1%. (I.e., we've been looted.)

It can't continue; and the stupid thing is, it's not even in the best interests of the 1% for it to continue.

If all the unemployed were working, and we were all making decent wages, we'd all be being productive, and we'd ALL be able to buy more stuff, and EVERYONE's standard of living could rise -- even the 1%!

We could go from a looting economy to an unlimited growth economy.

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44 replies

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Highlight:

The 1% is Hogging So Much of Our Income That It’s Holding the Economy Back [View all] Hissyspit Dec 2013 OP

See tonights segment on Mellisa Harris Perry on income inequality Left Coast2020 Dec 2013 #1

yep. all the walth in coffers of largest corporations and wealthiest families--dead weight loss Pretzel_Warrior Dec 2013 #2

hogwash they say Ichingcarpenter Dec 2013 #3

You go, Hissy! snot Dec 2013 #4

I agree. Who is doing the math for them??? blue14u Dec 2013 #8

The thing is, the greedy are not givers. QuestForSense Dec 2013 #14

Unfortunately, as they acquire more wealth, their greed tends to increase exponentially.nt ladjf Dec 2013 #22

Speaking of Romney, remember the 47% video JHB Dec 2013 #29

After the first $100 million or so, the money itself doesn't matter, it's your status in "the game." tclambert Dec 2013 #13

They don't care about US markets any more.. sendero Dec 2013 #19

An unlimited growth economy would destroy the biosphere. Sirveri Dec 2013 #40

Bingo!! nt 2naSalit Dec 2013 #42

And the great owners... leeroysphitz Dec 2013 #5

It's holding OUR economy back. The 1% has demonstrated that they don't CARE about that.... Spitfire of ATJ Dec 2013 #6

Let's not forget... dchill Dec 2013 #7

It's not going to change until we quit enabling them. n/t jtuck004 Dec 2013 #9

If the typical family had $13,000 more a year, where would the economy be? tclambert Dec 2013 #10

I've been saying this for years... MrScorpio Dec 2013 #11

The top 1%... nikto Dec 2013 #12

There is also a tremendous amount of money to be made without producing any actual value. TheKentuckian Dec 2013 #35

The Oligarchs, Corporations And Banks Own And Control The Politicians That Own And Control Us cantbeserious Dec 2013 #15

k&r for the truth. n/t Laelth Dec 2013 #16

Imagine Notafraidtoo Dec 2013 #17

And their austerity solution lets them hog even more. eom. Festivito Dec 2013 #18

The Rich are Worthless rock Dec 2013 #20

It appears to be the Scarcity Principle at work. ananda Dec 2013 #21

CEO's work for stock holders ...not employees. L0oniX Dec 2013 #23

Eventually even the stock holders get left holding the bag. PassingFair Dec 2013 #25

Thank You for posting this. Good read. KittyWampus Dec 2013 #24

I've been repeating this mantra since Reagan. It is called capital hoarding. Coyotl Dec 2013 #26

The problem is people think rich people spend...but they don't they save VanillaRhapsody Dec 2013 #27

The wealthy also spend on the wrong things Coyotl Dec 2013 #30

They buy land at pennies on the dollar...they hoard that too... VanillaRhapsody Dec 2013 #32

The price of land in some popular hunting areas is now beyond the reach of farmers Coyotl Dec 2013 #33

Kicked and recommended. Uncle Joe Dec 2013 #28

du rec Tuesday Afternoon Dec 2013 #31

Hence the need for Fed's QE's-to compensate for the $ lost to the hoarders nt ErikJ Dec 2013 #34

HUGE K & R !!! - Thank You !!! WillyT Dec 2013 #36

George Carlin was right - it's a big club and we're not in it. Initech Dec 2013 #37

Have you ever played monopoly? SoLeftIAmRight Dec 2013 #38

Greedy pig Walton family has as much wealth at the bottom 40% of USA. JEB Dec 2013 #39

"The only real solution is to pay them higher wages." reformist2 Dec 2013 #41

It appears that 2naSalit Dec 2013 #43

All of you describe pieces of the economic puzzle, but you fail to see the big picture. AdHocSolver Dec 2013 #44