Top 1% gain 2X the wealth as rest of world - a food and energy pricing plot

[Ringo]

 

[georgephillip]

ALL ALL ALL political corruption starts with the fucking politicians

All political corruption begins with money.

Corruption of U.S. Elections: Is there a solution?

 

[georgephillip]

The Government to cutting taxes and spending.

https://www.weforum.org/agenda/2020/09/social-mobility-upwards-decline-usa-us-america-economics/

"For decades, a majority of Americans have been able to climb the economic ladder by earning higher incomes than their parents.

"These improving conditions are known as upward mobility, and form an important part of the American Dream.

"However, each consecutive generation is finding it harder to make this ascent.

"In this graphic, we illustrate the decline in upward mobility over five decades using data from Opportunity Insights."

Once upon a time it was true that in the US the condition of your birth does not determine the outcome of your life, but that time is long gone.

Inequality is much more than a side-effect of free market capitalism; it is a feature, not a glitch.

https://www.weforum.org/agenda/2017...rican-dream-turned-into-greed-and-inequality/

 

[initforme]

Let them have their money it is what they worship above all else.

 

[The Sage of Main Street]

This was just published just the other day. It’s world wide not just US but it has some interesting stats on how much the top 1% grabbed the last few years. Basically the top 1% have colluded to raise prices on the world and netted $42 Trillion in wealth -more than 2X’s the gain of the remaining 99% of the world.

While you guys run around here and try to blame the poor for raising prices with their stimulus checks 3 and a half years ago the masters of industry laugh at you, take your money, and watch you fight for the scraps.

Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years | Oxfam International

The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth.

Billionaires have seen extraordinary increases in their wealth. During the pandemic and cost-of-living crisis years since 2020, $26 trillion (63 percent) of all new wealth was captured by the richest 1 percent, while $16 trillion (37 percent) went to the rest of the world put together. A billionaire gained roughly $1.7 million for every $1 of new global wealth earned by a person in the bottom 90 percent. Billionaire fortunes have increased by $2.7 billion a day. This comes on top of a decade of historic gains —the number and wealth of billionaires having doubled over the last ten years.

Billionaire wealth surged in 2022 with rapidly rising food and energy profits. The report shows that 95 food and energy corporations have more than doubled their profits in 2022. They made $306 billion in windfall profits, and paid out $257 billion (84 percent) of that to rich shareholders. The Walton dynasty, which owns half of Walmart, received $8.5 billion over the last year. Indian billionaire Gautam Adani, owner of major energy corporations, has seen this wealth soar by $42 billion (46 percent) in 2022 alone. Excess corporate profits have driven at least half of inflation in Australia, the US and the UK.

Don't Criticize These Preordained Leaders; Take Away the Way They Got to the Top

Did they inherit their wealth and command positions or earn it? You've been manipulated into missing that point, which explains our whole present decadence, as it has throughout history. So your criticism is pointless.

Inherited control is so inferior that it must cheat to make any profit at all. So those who blame greed have been straitjacket into thinking that incompetence is not the key to that. For example, the real reason the fraternity morons and nerdy theorists at the C"I"A were caught napping on 9/11 was that they were inferior people in superior positions. It's no different from a perfect design for a building using shoddy materials. We will not stop greed until we abolish all birth privileges. Familyism is more primitive than tribalism.

 

[The Sage of Main Street]

I guess Obiden should confiscate all of that wealth eh?

Preppylovers Have No Right to Complain About Taxes

Taking away the inheritances from just the 1% alone would give us three trillion dollars a year. Nobody would have to pay income taxes ever again.

What kind of slavish serfs would rather tax the living than the dead? It is childish and retarded to be afraid of ghosts.

 

[The Sage of Main Street]

Especially if you are in the top 1% and collude with the rest of the wealthy to raise prices on the riff raff.

Birth-Class Supremacy Must Be Utterly Destroyed

The proportion of the 1% who were born in the 1% is twenty times what it rationally should be. It is college-level stupidity to excuse it on the irrelevant grounds that those who weren't born at the top are four times that. That absurd imbalance shows that the whole distribution is unmerited because those who are preordained control what kind of other people will be allowed into their club.

 

[The Sage of Main Street]

Definitely time to eat the rich.

Which Rich?

It will only take 1% of us to disinherit those born in the 1% and burn down the Sperm Bingo halls. Only then will this nightmare be over.

 

[The Sage of Main Street]

You can drop 'excess corporate profits'' that makes you look stupid as sht.
IF you had a choice --- and you do --- would you pay taxes that you don't have to pay.
That is all on Biden. all of it. You don't mention the astounding cost to YOU of the student loan bailouts , one of many ways the lazy and stupid man is putting it to you.
Here is the government estimate of it:

Biden’s Student Loan Bailout Will Cost Average Taxpayer $3,526​

GAO Report Reveals Federal Student Loan Program Costs Taxpayers $311 Billion as Biden Prepares to Spend Hundreds of Billions in Loan Cancellations for the Wealthy​

It's Called "Prep School" Because Only Their Daddy's Money Prepares Them for College

Richkids have a crushing advantage over the other college students, which is the only reason real Americans have to pay tuition. So pay off the loan debt by confiscating trust funds.

You are a voluntary martyr for the spoiled sheltered brats' religion if you don't make those responsible for this situation pay for all of it.

 

[The Sage of Main Street]

Socialism Is the False Alternative Created by Your Precious Richkids

 

[The Sage of Main Street]

Let them have their money it is what they worship above all else.

Preppyloving Traitors Should Let Pro Athletes Pass on Their Positions to Their Sons, Too

No, serf, they worship an afterlife of still ruling by letting their spawn take over their wealth and power. But it's not their money at all if they're dead, so they have no right to say what happens to it.

Obviously, they regret what they had to go through to earn it. That's why they spare their sons from having to do what in public they brag about having done and force others to do the same. They don't tell their sons any of that, of course. So they should be silenced.

 

[The Sage of Main Street]

We are headed towards a plutocracy perhaps.

Call It "Hereditary" Plutocracy, Or You Don't Know What You're Talking About

 

[The Sage of Main Street]

The elite right wing has convinced a large part of America that anything other than letting 1% grab everything is socialism marxism and my liberal left is just impotent at messaging.

"Let Them Eat Statism," Cackled Marie Antoinette. Then She Laughed Her Head Off.

Karl Marx was a richkid who married a "Von," which designates guillotine-fodder heiress. All these fake revolutions, including the "American" one, have been hostile takeovers by one branch of the previous ruling class against the other branch.

 

[The Sage of Main Street]

I don’t understand how any American can defend this enormous transfer of wealth to the one percent, yet some do.

Who is transferring this wealth? How are they doing it?

Decade After Decadent Decade, Generation After Degenerate Generation

The only important and deadly disgrace is that the transfer through inheritance is the greatest in history.

 

[The Sage of Main Street]

it's not taking chances, it's falling for Prog bullshit that does nothing but bloat government and get them more paid and more of them being useless and getting paid.

Preppy Progressives, Sons of Your Rightist Idols

 

[The Sage of Main Street]

if you want to balance it tell people to work harder, stealing from those that do work harder isn't the answer,,

Legacy Leeches

Except if you rob your Daddy's grave, that's okay.

 

[progressive hunter]

Legacy Leeches

Except if you rob your Daddy's grave, that's okay.

right now we are stealing from people not even born yet,,

 

[The Sage of Main Street]

You feel good not organizing a solution because you say the solution is corrupt or whatever..

Anyone Born With a Silver Spoon in His Mouth Will Always Speak With a Forked Tongue

Notice that it was an HeirHead spoiled piece of trash, Lord Acton, who preached, "Power corrupts; absolute power corrupts absolutely." His hidden purpose, which is never of course revealed in his toxic class's thought control, was to discourage revolutions because, as he preached, they would inevitably become worse than what they replaced.

 

[Toddsterpatriot]

Preppylovers Have No Right to Complain About Taxes

Taking away the inheritances from just the 1% alone would give us three trillion dollars a year. Nobody would have to pay income taxes ever again.

What kind of slavish serfs would rather tax the living than the dead? It is childish and retarded to be afraid of ghosts.

Taking away the inheritances from just the 1% alone would give us three trillion dollars a year.

How?

 

[Blues Man]

The money provided by the billionaire is the instrument of corruption.
The politician is the vehicle.
There were 12 US billionaires in 1984.
There are 756 today and counting.
Is there more corruption today than 40 years ago?

One moment, please...

No the politicians who take the money are the source of the corruption