Not for the Willfully Ignorant

Discussion in 'Economy' started by Wry Catcher, Dec 15, 2010.

  1. Wry Catcher
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    Wry Catcher Platinum Member

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  2. Intense
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    Intense Senior Member

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    We also need to distinguish wealth from income. Income is what people earn from work, but also from dividends, interest, and any rents or royalties that are paid to them on properties they own. In theory, those who own a great deal of wealth may or may not have high incomes, depending on the returns they receive from their wealth, but in reality those at the very top of the wealth distribution usually have the most income. (But it's important to note that for the rich, most of that income does not come from "working": in 2008, only 19% of the income reported by the 13,480 individuals or families making over $10 million came from wages and salaries. See Norris, 2010, for more details.)

    Who Rules America: Wealth, Income, and Power

    It is obvious, Wry, if you think about it. How many High Government Officials do you think the Kennedy's, Rockefeller's, Gates, Soros, Speilberg know? That is from the Left, it's just the tip of the iceberg. That Class is not touchable, Left or Right, by what we do with Tax Law. The more draconian Tax Law gets, the more we hurt ourselves. They have the power to move out of the way, the power to shape government and misdirect all efforts on the current track. Only by breaking Monopolies, encouraging competition, are we going to see any fair play result. The track we are currently on secures the already established powers that be.
     
  3. Wry Catcher
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    Wry Catcher Platinum Member

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    From the study:

    In the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.7%. Table 1 and Figure 1 present further details drawn from the careful work of economist Edward N. Wolff at New York University (2010).

    Of course the echo chamber won't read any of the study, but that concerns me not. For those on the fence, or for those of us who value our democratic institutions the results of this study are sobering.
    We are no longer a democratic republic, or as the right wants to reframe us, a constitutional republic, we are today a Plutocracy and that fact should scare the crap out of all patriotic Americans.
     
  4. Intense
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    Intense Senior Member

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    Hamilton changed that. It is his Class he was interested in taking care of.
     
  5. Whipp
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    Whipp Rookie

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    We live in times now where a Private enterprise 'company' can be bigger than a nation itself . There are now companies bigger than many former powerful nations such as holland and spain.

    The issue is are companaies compatiable with nationality. A company can go where it wants effecitvely and now its nations who bend over backwards to impress them to bring their 'investment' to their region

    And what is that will attract a huge company or investor to come to you? Your willingness to accept their terms. So who has the power these days and will this tend continue..

    you should be alarmed just how little power your democratic systems now have.
     
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  6. Intense
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    Intense Senior Member

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    Money has the power over your life that you let it have. Monopoly, special Privilege, give the big money advantages that would otherwise be less. When you have the freedom to not do business with, there is less power over you. As a consumer you should be able to choose what you support. Should our Constitution be taken seriously, and our government decide to protect for the common good against all enemies foreign and domestic, including the threat of Corporate and Government Tyranny, we will be better off. So will Italy and Europe if you would do the same.
     
  7. Truthmatters
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    Someday these fools will regret licking the feet of their enslavers.
     
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  8. Intense
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    Intense Senior Member

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    Do you understand who the enslavers are??? Who is bringing Totalitarian Rule and undermining Free Will??? It is in both Parties TM. Progressivism is a part of it, as much as it spends convincing people that it actually gives a shit about the Individual.
     
  9. martybegan
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    martybegan Gold Member

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    Ah the old echo chamber line. Standard "Since this person disagrees with me they are either part of the massive rich person conspiracy, or some idiot sheeple."

    This country is still a democratic republic, but the main threat isnt corporations, its career politicians, whose place in the framework of our government was never anticipated. Get rid of those and a side affect would be less corportate interest, as people wouldnt be around long enough to get corrupted.

    I find it far more disturbing that some idiot like Rangel, who was under investgation DURNING THE ELECTION can get re-elected purely from the fact that some people just vote for the incumbent/party line out of reflex than that GE can have an ad saying they like "this guy"

    Term limits. Now.
     
  10. Truthmatters
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    All term limits do is limmit the peoples ability to choose who they want.
     

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