Forum Post: GIVE US YOUR MONEY! - Why the wealth gap destroyed the economy.
Posted 13 years ago on Oct. 14, 2011, 1:17 a.m. EST by stray
(219)
from Philadelphia, PA
This content is user submitted and not an official statement
Wealth isn’t bad, necessarily. Everyone deserves an opportunity to be successful, more importantly everyone deserves a chance to have a career doing what they enjoy doing. You should be able to be rewarded for doing something well, or for persistence. When it comes to money though, there are three levels, I think. There’s money you need to be comfortable, there’s money to be accomplished, and then there’s money for the sake of sport. Wall Street has had a tendency to aim for the third option.
Whether you’re a 1%er or a 99%er, there’s one thing you really can’t ignore… the middle class is broke. Our economy is broken as a result. For 40 years almost, Washington has been helping the fat cats pad their pockets with tax breaks, union busting, and pushing us, the 99%, to live outside our means, convincing us to live on easy credit to keep the economy going… while our wages stayed flat, or fell. We bought into it. Now you, your parents, your friends, are being crushed under the weight of mortgages, student loans, credit card bills, and we aren’t spending. We CAN’T spend. Economists are telling us we have a “demand” problem, financial rags are saying we need “consumer confidence” to rise. Let me translate what that means. You have the CONFIDENCE to take out more debt to buy shit you can’t afford, so fat cats can get fatter. If you’re in the 1%, you probably already know better. Credit isn’t coming back anytime soon. Spending isn’t coming back soon, either.
Wake up to this fact, if nothing else, 99% - WE ARE THE JOB CREATORS. You, buying gas, buying food, buying stuff you don’t even need is what drives the economy. Except now all the wealth is at the top, so we have no economy. There aren’t any entrepreneurs creating new companies that could create jobs because we’ve already been taken for everything they could get from us.
If you’re in the 1%, I’d be amazed if you didn’t know the day of reckoning was coming. The system as it stands now, as you’ve created it, is completely and utterly unsustainable. You needed to PAY IN to the system, from the bottom to the top, with high wages, pensions, and so on. That was how the Ford ideal worked, that’s what CREATED the middle class. The middle class was the fucking gift that kept on giving, the economic engine. The stronger the middle class was, as long as you had something to sell, you had people willing to buy. Instead you got greedy. You hoarded and gave us debt. You hoarded more and now debt won’t even cut it. What now, you sell to Chinese customers with the shitty wages you’ve been paying them? Or, turn US into a third world country? Then who do you sell to? Or do you just build communities gated with barbed wire fence, and watch America turn to shit while you count your money?
Nothing is going to change until we start fixing the wealth gap. Even if you lose, you’ll still gain, in the form of opportunity. Can you imagine the amount of CUSTOMERS you would have if we gave up trickle down and just started to make it rain? Even if you lost money in the deal, the opportunity you would gain would be limitless. Entrepreneurs would be falling all over themselves for a piece of the middle class pie again. So… how do we manage the logistics of that? Since it’s your money, you tell me.
Thank you for sharing this with us. I couldn't express this any better about the frustrations I have. Again, my personal thanks to you, Stray.
ty... I just want people to start asking the right questions
Exactly. Many more people will come to your side when you are proactive (for “new” Business & Government solutions), instead of reactive (against “old” Business & Government solutions), which is why what we most immediately need is a comprehensive “new” strategy that implements all our various socioeconomic demands at the same time, regardless of party, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management System of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves; that is, using a Focused Direct Democracy organized according to our current Occupations & Generations. Consequently, I have posted a 1-page Summary of the Strategically Weighted Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
because we need 100,000 “support clicks” at AmericansElect.org to support a Presidential Candidate -- such as any given political opportunist you'd like to draft -- in support of the above bank-focused platform.
Most importantly, remember, as cited in the first link, that as Bank Owner-Voters in your 1 of 48 "new" Business Investment Groups (or "new" Congressional Committees) you become the "new" Congress replacing the "old" Congress according to your current Occupation & Generation, called a Focused Direct Democracy.
Therefore, any Candidate (or Leader) therein, regardless of party, is a straw man, a puppet; it's the STRATEGY – the sequence of steps – that the people organize themselves under, in Military Internet Formation of their Individual Purchasing & Group Investment Power, that's important. In this, sequence is key.
Why? Because there are Natural Social Laws – in mathematical sequence – that are just like Natural Physical Laws, such as the Law of Gravity. You must follow those Natural Social Laws or the result will be Injustice, War, etc.
The FIRST step in Natural Social Law is to CONTROL the Banks as Bank Owner-Voters. If you do not, you will inevitably be UNJUSTLY EXPLOITED by the Top 10% Management Group of Business & Government who have a Legitimate Profit Motive, just like you, to do so.
Consequently, you have no choice but to become Candidates (or Leaders) yourselves as Bank Owner-Voters according to your current Occupation & Generation.
So please JOIN the 2nd link so we can make our support clicks at AmericansElect.org when called for, at exactly the right time, by an e-mail from that group, in support of the above the bank-focused platform. If so, then you will see and feel how your goals can be accomplished within the above strategy as a “new” Candidate (or Leader) of your current Occupation & Generation.
Wealth is just something to be channeled and harnessed for the greater good. America will never be a Socialist country, but a little bit of Socialism in the form of Social Security did us wonders. We learned that lesson during the Great Depression. We forgot that lesson again in the 80's starting with Reagan and it's come back to bite us in the ass.
bump for the hell of it
how true. even if wealth of the 1% was distributed to the 99%, given a few decades, the wealth would find itself among a concentrated number of people anyway as people squandered it on shit they dont need.
However if you do redistribute wealth, you will have inflation which will remove the new found buying power as everyone went to go buy stuff up. (and since they didn't work for the money, they dont mind spending 1500 for an iphone only worth 200) i guess if we get to that day, i'll go buy myself some apple stock (or go flip iphones)
I'm talking about a shift, not necessarily a handout. Yeah, you would probably have inflationary issues, but considering the debt to wealth ratio the biggest payday would STILL be to the banks, considering how underwater people are. The Fed could ACTUALLY DO ITS JOB as money starts moving throughout the economy.
Inflation is a false number based on distribution of wealth, it has nothing to do with money supply. There are trillions upon trillions out there still tied up in derivatives, and lord knows what else. The "inflation" you would see doesn't come from printing more money like in other instances, the inflation would actually be relative to the actual supply of money that already exists.
Please watch, this speaks to what you're saying but makes additional points that are very important:
http://www.youtube.com/watch?v=TX1N3opw5eI