Two America's...

[gipper]

Ever heard the phrase, “they’re above the law?”

Who is "they"?

Take a guess.

 

[DukeU]

Take a guess.

Give me some names.

 

[gipper]

Take a guess.

Give me some names.

Guess

 

[DukeU]

Guess

If you can't it's cool, It was my belief from the beginning.

 

[gipper]

Many dumb Americans see nothing wrong with this concentration of wealth into the hands of a small select few.

Many other dumb Americans think they can fix it by stealing other people's labor.

That’s exactly what the ultra wealthy have done. Stolen the wealth of working Americans.

This wholesale transfer of wealth and income from workers to Capital was documented by a RAND Corporation report , Trends in Income From 1975 to 2018 . Time magazine summarized the findings: The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90% -- And That's Made the U.S. Less Secure .
There are some who blame the current plight of working Americans on structural changes in the underlying economy--on automation, and especially on globalization. According to this popular narrative, the lower wages of the past 40 years were the unfortunate but necessary price of keeping American businesses competitive in an increasingly cutthroat global market. But in fact, the $50 trillion transfer of wealth the RAND report documents has occurred entirely within the American economy, not between it and its trading partners. No, this upward redistribution of income, wealth, and power wasn't inevitable; it was a choice--a direct result of the trickle-down policies we chose to implement since 1975.
The net result of this four-decade siphoning of wealth/income from workers was recently documented by aForeign Affairs article: Monopoly Versus Democracy :
Ten percent of Americans now control 97 percent of all capital income in the country. Nearly half of the new income generated since the global financial crisis of 2008 has gone to the wealthiest one percent of U.S. citizens. The richest three Americans collectively have more wealth than the poorest 160 million Americans.
In other words, the bottom 90% have very little stake in the status quo: they receive essentially zero income from America's stupendous $121 trillion hoard of private wealth and have essentially zero political influence, as documented in Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens .
https://oftwominds.cloudhostedresources.com/?task=get&url=https://www.oftwominds.com/blogjuly21/50-trillion7-21.html

Selling products to people who wish to buy these products is NOT ripping people off as you socialists whine.

Selling products has nothing to do with it.

 

[ChemEngineer]

Selling products has nothing to do with it.

Clue: People get wealthy, as did Bill Gates, by selling products the public wants and buys.
The iPhone is sold by Apple and people love it. You don't want others to get rich, don't buy anything. Live as a hunter-gatherer. That's the socialist mentality. North Korea is your kind of place. Deny all you want. Reality smacks you in the face constantly and you try to escape it.

 

[gipper]

Clue: People get wealthy, as did Bill Gates, by selling products the public wants and buys.
The iPhone is sold by Apple and people love it. You don't want others to get rich, don't buy anything. Live as a hunter-gatherer. That's the socialist mentality. North Korea is your kind of place. Deny all you want. Reality smacks you in the face constantly and you try to escape it.

You clearly have no understanding of what this thread is about. Maybe you’ll get it someday.

 

[ChemEngineer]

I responded with facts, common sense, obvious effects of the system Americans enjoy.
The best you can do is attack me personally, NOT comment on the ignorant argument you and others made about how awful rich people are. There ARE no rich people on North Sentinel Island. Move there. Please. Eat snails and bitter herbs. Wear leaves to cover yourself. It's anarchy run wild! Your nirvana.

Now join many others on my Ignore List who, like you, blather but don't add information or coherent analysis

ciao brutto