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The US Is Officially A Banana Republic: The Top 1% Now Own More Wealth Than The Entire Middle Class

beagle9

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Biden is corrupt!

Really, what did he do?

Don’t know but he’s super corrupt.
He committed a quid pro quo right there for all to see, and then he said "well whatta ya know, they did it".... Otherwise they followed up on his threat, and fired the guy investigating Burisma where his son sat on the board. Then when Trump looked into it, they (the corrupted Democrat's), tried to suggest he did something wrong, and Biden did nothing wrong. Unbelievable.
 

colfax_m

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He committed a quid pro quo right there for all to see, and then he said "well whatta ya know, they did it".... Otherwise they followed up on his threat, and fired the guy investigating Burisma where his son sat on the board. Then when Trump looked into it, they (the corrupted Democrat's), tried to suggest he did something wrong, and Biden did nothing wrong. Unbelievable.
Because you believed the lie that this prosecutor had anything to do with Burisma.

That’s why you’re confused.
 

Markle

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Every loophole for billionaires should be taken away. Nobody is against that.
Specifically, what are those loopholes available only to billionaires? If any such loopholes exist how much revenue would closing them produce?
 

beagle9

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Specifically, what are those loopholes available only to billionaires? If any such loopholes exist how much revenue would closing them produce?
In his mind it would save his world, but in the billionaire's mind he would freeze investment's, lock away his wealth (sit on it), until someone more friendlier to the business class comes back along to run things again.
 

Indeependent

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The US Is Officially A Banana Republic:

The Top 1% Now Own More Wealth Than The Entire Middle Class


Summary:
In some ways, we sympathize with Neel Kashkari's fake "concern" about the unprecedented wealth inequality that has emerged in the US in recent years and which has resulted in a slow, methodical and relentless destruction of the US middle class ... or rather make that precedented because there was another time when the top 0.1% had amassed as much wealth and it was just before the Great Depression. After all, who hasn't seen charts such as these showing the tremendous divergence in income earned by America's Top 1% at the expense of the middle and lower classes: Or that the top 10% now own 70% of all the US wealth, the same as the middle and lower classes combined...... up 10% from the 60% of wealth they controlled at the start of the century.
~Snip~
It's not just stocks that have benefited the super rich: housing has too. While a generation ago, the middle class held more than 44% of real estate assets in the country, it is now down to 38%. The pandemic generated a boom in housing values that has benefited most those who owned real estate in the first place. It also led to soaring rents this year, which hurt those who can’t afford a house. The self-feeding loop was yet another source of wealth transfer for the wealthier.
So the next time someone abuses the popular phrase "they hate us for our [fill in the blank]", perhaps it's time to counter that "they" may not "hate" us at all, but rather are making fun of what has quietly and slowly but surely become the world's biggest banana republic?
And it has not Russia, nor China, nor any other foreign enemy to blame except one: the Federal Reserve Bank of the United States.
Full story here

Comment:
Historically, bad shit ensues when this is sustained. Given a fed-up heavily armed populace, well....
The 18th century French banker and philosopher named Richard Cantillon noticed a phenomenon that when new money was issued by the king/government, it always flowed first to those closest to the source - the rich, powerful and connected.
He wrote called ‘An Essay on Economic Theory,” and his basic theory was that who benefits when the state prints a bunch of money is based on the institutional setup of that state. In the 18th century, this meant that the closer you were to the king and government power, the more you benefitted. The rich received “new money” first, often on beneficial terms. The further away you were, ie) average workers, the more you were harmed, due to inflation and debasement.
Money, in other words, is not neutral. This general observation, that money printing has distributional consequences that operate through the price system, is known as the “Cantillon Effect.”
The solution is simple. Break up Amazon and apply the law to politicians that have become multi-millionaires by insider trading.
DUH!
 

Admiral Rockwell Tory

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and most of the top 1% created nothing of value. They made their money by moving around other peoples money

I just check a list of the 30 richest Americans? Guess how many were moving other people's money around. Using your statement, it should be more than 15. It is in fact only 3 and they are the bottom of the list of 30.
 

Admiral Rockwell Tory

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How does a billionaire get money for nothing vs an average American investing in the markets and earning interest or capital gains? The billionaire earns more for certain, but aren't both getting "money for nothing"?
Do they get their chicks for free?
 

Admiral Rockwell Tory

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They them pay what they already owe. Do away with all their loopholes. The fact thatTrump paid only 750 bucks on an income of millions is a joke.... And its the same with most of them.
You really enjoy making blanket statements, don't you? How do you know what he paid or anyone else for that matter.

Also, you don't pay income taxes if your businesses lose money, do you?
 

easyt65

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Nancy Pelosi has $315 MILLION dollars

Joe Biden, if you count the $1 BILLION the Biden family received from the CCP and millions he reportedly received from the CCP and Russia during his campaign, us close to being a BILLIONAIRE, and while he declares he wants the 'rich' to pay their 'fair share' he got busted failing to hide part of his wealth and reportedly owes the IRS $500,000....

....YET SNOWFLAKES WANT TO SEE TRUMP'S TAXES & HAVE TRUMP AUDITED...

:p
 

Admiral Rockwell Tory

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Pure partisan bullshit.

People don’t want to work shitty jobs anymore. People don’t want to be treated like shit from customers and from their bosses. People don’t want to work for people who don’t care about their health or dignity.

This isn’t about free stuff, it’s about people deciding what’s best for them. Corporate America needs to wake up and understand they can’t get away with how they treat people anymore.
People deciding what's best for them leads to poverty.

How are they being mistreated by corporate America since a minority work for them?
 

Admiral Rockwell Tory

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Nancy Pelosi has $315 MILLION dollars

Joe Biden, if you count the $1 BILLION the Biden family received from the CCP and millions he reportedly received from the CCP and Russia during his campaign, us close to being a BILLIONAIRE, and while he declares he wants the 'rich' to pay their 'fair share' he got busted failing to hide part of his wealth and reportedly owes the IRS $500,000....

....YET SNOWFLAKES WANT TO SEE TRUMP'S TAXES & HAVE TRUMP AUDITED...

:p
There you go again making me defend Biden from your false information! There is no indication that China gave Hunter any where near 1.5 billion, with 10% for the Big Guy!

Hunter and Xiden are both crooks, but you need facts to bust them over it.
 

Borillar

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The US Is Officially A Banana Republic:

The Top 1% Now Own More Wealth Than The Entire Middle Class


Summary:
In some ways, we sympathize with Neel Kashkari's fake "concern" about the unprecedented wealth inequality that has emerged in the US in recent years and which has resulted in a slow, methodical and relentless destruction of the US middle class ... or rather make that precedented because there was another time when the top 0.1% had amassed as much wealth and it was just before the Great Depression. After all, who hasn't seen charts such as these showing the tremendous divergence in income earned by America's Top 1% at the expense of the middle and lower classes: Or that the top 10% now own 70% of all the US wealth, the same as the middle and lower classes combined...... up 10% from the 60% of wealth they controlled at the start of the century.
~Snip~
It's not just stocks that have benefited the super rich: housing has too. While a generation ago, the middle class held more than 44% of real estate assets in the country, it is now down to 38%. The pandemic generated a boom in housing values that has benefited most those who owned real estate in the first place. It also led to soaring rents this year, which hurt those who can’t afford a house. The self-feeding loop was yet another source of wealth transfer for the wealthier.
So the next time someone abuses the popular phrase "they hate us for our [fill in the blank]", perhaps it's time to counter that "they" may not "hate" us at all, but rather are making fun of what has quietly and slowly but surely become the world's biggest banana republic?
And it has not Russia, nor China, nor any other foreign enemy to blame except one: the Federal Reserve Bank of the United States.
Full story here

Comment:
Historically, bad shit ensues when this is sustained. Given a fed-up heavily armed populace, well....
The 18th century French banker and philosopher named Richard Cantillon noticed a phenomenon that when new money was issued by the king/government, it always flowed first to those closest to the source - the rich, powerful and connected.
He wrote called ‘An Essay on Economic Theory,” and his basic theory was that who benefits when the state prints a bunch of money is based on the institutional setup of that state. In the 18th century, this meant that the closer you were to the king and government power, the more you benefitted. The rich received “new money” first, often on beneficial terms. The further away you were, ie) average workers, the more you were harmed, due to inflation and debasement.
Money, in other words, is not neutral. This general observation, that money printing has distributional consequences that operate through the price system, is known as the “Cantillon Effect.”
The solution is simple. Break up Amazon and apply the law to politicians that have become multi-millionaires by insider trading.
I suppose conservatives should be happy then. They've been trying for decades to funnel the remaining wealth in the country to the 1%.
 

colfax_m

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People deciding what's best for them leads to poverty.

How are they being mistreated by corporate America since a minority work for them?
I’ll let people determine how much they need to live their life.

Good point on corporate America. They’re equally able to be screwed over by small business.
 

DBA

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People are choosing not to put up with abuse. It’s not because they’re lazy. It’s because they have a spine.

No, they are, by and large, spoiled and entitled.

The GOP have managed to brainwash there supporters in to thinking that they not only should pay tax at a lower rate than ordinary folks but also it is your benefit...

How do they pay a lower rate than ordinary folks? I guess you mean by deductions or by living off capital gains because the tax rate is higher. The Democrat's burger-flipping constituency has been brainwashed into believing in this false narrative about the rich not paying their fair share.

2. This I agree with. What we are seeing now, I believe, is a lot of bad employers who now realize they can't keep good employees because they're bad employers.

Just another excuse.

Corporate America has gotten away with far too much for far too long and the benefits of this behavior has amassed at the very top of the ladder. This is blowback.

Yeah, and this blowback just happened to coincide with a lot of free money given out by the government. Gotcha. I sincerely hope that the majority of the working people in this country don't have this mindset, if so, we are doomed. The left has been working on brainwashing generations with this kind of stuff in hopes to create more dependency. It may be working. Our adversaries won't have to lift a finger. They can sit back and watch us burn under Democratic leadership which promotes the antithesis of what made America the greatest country on earth.
 

colfax_m

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Yeah, and this blowback just happened to coincide with a lot of free money given out by the government. Gotcha. I sincerely hope that the majority of the working people in this country don't have this mindset, if so, we are doomed. The left has been working on brainwashing generations with this kind of stuff in hopes to create more dependency. It may be working. Our adversaries won't have to lift a finger. They can sit back and watch us burn under Democratic leadership which promotes the antithesis of what made America the greatest country on earth.
The people who are entitled are the employers who think they can treat their employees like garbage and expect them to show up anyway.

The sooner you stop worshiping the upper class, the sooner our country gets back to the way it prospered in the past. It wasn't always like this.
 

DBA

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The people who are entitled are the employers who think they can treat their employees like garbage and expect them to show up anyway.

The sooner you stop worshiping the upper class, the sooner our country gets back to the way it prospered in the past. It wasn't always like this.

We live in two entirely different worlds.
 

beagle9

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The people who are entitled are the employers who think they can treat their employees like garbage and expect them to show up anyway.

The sooner you stop worshiping the upper class, the sooner our country gets back to the way it prospered in the past. It wasn't always like this.
The federal government was never intended to become a Union for the Democrat voter base, and otherwise rob the working class, and the wealthy class in order to then hand the seized assets over to the poor and downtrodden Democrat dependent voter's for their support.
 

colfax_m

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The federal government was never intended to become a Union for the Democrat voter base, and otherwise rob the working class, and the wealthy class in order to then hand the seized assets over to the poor and downtrodden Democrat dependent voter's for their support.
It was intended to be a government of wealthy white landowning men who intended to use it to preserve their power structure.

I kind of agree with you.
 

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