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HiPointDem

(20,729 posts)

2. precisely. 'all your money belongs to us'.

Reply to KG (Reply #1)

Wed Jun 27, 2012, 06:00 AM

Jun 2012

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"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

precisely. 'all your money belongs to us'. HiPointDem Jun 2012 #2

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

They create a limited hyperinflation. Zalatix Jun 2012 #5

unfortunately, the transition would kill millions. a minor detail. HiPointDem Jun 2012 #6

That's going to happen anyway. Might as well put their skin in the game. Zalatix Jun 2012 #8

no, it doesn't have to. unfortunately, people are so worried about sunscreenpolicy HiPointDem Jun 2012 #9

I wish that were the case. Zalatix Jun 2012 #12

because theyve been taught that colored oreos are more important. HiPointDem Jun 2012 #14

If you got rid of colored oreos and all those other petty distractions Zalatix Jun 2012 #15

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

it's already filled with koch approved propaganda. silence is silence. HiPointDem Jun 2012 #20

We *need* hyperinflation? Nye Bevan Jun 2012 #35

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

Du rec. Nt xchrom Jun 2012 #7

That's backwards. The bottom 95% account for far more spending than the top 5%. Make7 Jun 2012 #10

the top 20% apes the top and despises the bottom. as long as they get their vig HiPointDem Jun 2012 #11

The top 5% is something like 15 million Americans. joshcryer Jun 2012 #13

So, what can we do? October Jun 2012 #17

who is "we"? without organization, there is no "we". HiPointDem Jun 2012 #22

That's helpful. Thanks! Scootaloo Jun 2012 #26

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

k&r for reading later n/t w0nderer Jun 2012 #23

This makes an unfortunate amount of sense quaker bill Jun 2012 #24

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

The remaining 63% isn't needed? GeorgeGist Jun 2012 #29

if the top 5% does nearly 40% of the consumer spending, and consumer spending HiPointDem Jun 2012 #30

I was suspecting something like this was going on. DCBob Jun 2012 #31

I've been screaming about it for years. Finally, someone published this warning. Zalatix Jun 2012 #33

Not sure I buy this. One of the comments I thought raccoon Jun 2012 #32

in 2011 the top 5% took home about 32% of total income. what's so intuitively HiPointDem Jun 2012 #40

Holy god the comments on that article laundry_queen Jun 2012 #38

maybe if the rest of us made a decent salary we would have more pull and spend more WI_DEM Jun 2012 #39

So in other words, 63% of the economy is tied to the working class? Downtown Hound Jun 2012 #41

The bottom 50% of the income distribution takes home about 13% of all income. The top 1% takes HiPointDem Jun 2012 #42

The Top 5% have 62% of the country's net worth baldguy Jun 2012 #43

Nonsense. 63% of spending comes from geek tragedy Jun 2012 #44

the bottom 50% takes home about 13% of all income, less than the top 1%, who takes 23%. HiPointDem Jun 2012 #45