Forum Post: I'm a a 1 percenter and I understand the frustration of the 99%......Some of us just got lucky and others didn't
Posted 13 years ago on Oct. 15, 2011, 10:43 a.m. EST by abmebratu
(349)
from Washington, DC
This content is user submitted and not an official statement
I made it even though I know many people with my intelligence level and ability didn't make it. I'm talking about my former mates in college. This system chooses arbitrarily, however there is one thing that you have to understand in order to be rich. You must be greedy and ruthless, especially on wall street, which is where I made my money.
The problem with the American dream of becoming a 1 percenter is that for every new member of this exclusive club there are thousands of middle class families falling to poverty levels.......Is this what the American dream is about????
Thanks for that abmebratu.
You will be lucky to stay lucky.
I guess it's good you are willing to admit it, although it's still fucking disgusting.
I think if we WERE to have a leader, and I'm not saying whether I know that to be a good idea or not, a person like abmebratu would be a powerful symbol. Perhaps we should have a representative that truly speaks for us and doesn't make any decisions themselves?
abmebratu, you're a true bro. Few men have it in them to open their eyes to the travesty when they've worked for the mass wealth they have.
then, would you agree on this:
How we can easily Reform Wall Street: Take away their powers once again.
"We are here Congress because we want to bring BACK the Glass-Steagall Act of 1933 http://www.investopedia.com/articles/03/071603.asp#axzz1aPEc3wX which saved our country from the Great Depression by preventing banks and insurance companies from merging and becoming large brokerage firms; instead of Banks and Insurance companies--can't we learn a history lesson here Congress? Btw, why did most of you vote for its repeal in 1999? http://www.counterpunch.org/2008/09/19/shattering-the-glass-steagall-act
Think about where we are now, it all started in 1999 with the subprime loans Senator Phil Gramm was peaching on Senate floor. http://www.youtube.com/watch?v=gKQOxr2wBZQ&feature=related
Furthermore, we also want you to CHANGE the Commodities Future Modernization Act of 2000 http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000 BACK to where it was before 2000, which since has deregulated energy markets and has allowed for such scams as The Enron Loophole; whereas in the early 2000's Enron Corp. was charging 400 bucks plus for a kilowatt hour...They all when to jail for this. But, the Enron loophole is still not closed, for example, allowing speculators to resell barrels of oil over and over again before it reaches the gas station owner. It's basically, legal gambling at our expense. What were those lawmakers thinking then? What are you thinking now? Either do the right think, or you're part of the 1%."
Why are oil prices high? The Enron Loophole
http://www.youtube.com/watch?v=zbdtTGYQBMU&feature=related http://www.youtube.com/watch?v=PNp0y0SjOkY&feature=related
Rolling Stones Reporter: Truth about Goldman Sachs--how they have cornered the markets--basically, The Enron Loophole and the Repeal of Glass-Steagall Act in 1999. http://www.youtube.com/watch?v=waL5UxScgUw
Here is a comment I made on the Linked-IN poll on "Are the Wealthiest Americans-...-paying their fair share in taxes?
There is no mass movement to vilify ALL of the top 1%, probably only about 1/2 are greedy and probably a much smaller percentage of the greedy ones deserve vilification. So half would just be stupid if they did not do as the greedy ones do, and probably try to make it up in other ways. Most of the greedy ones don't really work at, but follow those that do. The nasty ones actively influence Congress and help craft laws that benefit them. But eventually, the greedy pile on, and as a measure of protection, even the good ones start to feel stupid if they don't take advantage of the new laws.
I think it is good to point out that probably 1/2 of the one percent might actually want to help us.
There are some amazing stories on how people worked so hard to being in the top 1%. It's what America dreams of reaching that level of success. But as for myself who once represented the middle-class, that's become such a struggle in itself to reach. I think people are concerned about the reduction of the middle-class.
You should write a longer post if this is true and tell us about practices and personalities on Wall Street.
Don't expect to keep your money for long. We are coming to take back what belongs to the masses.
I have already spent most of my money on charity, however I know charity is not enough to change the world.
Thank you for your post. At least you are willing to admit what many deny.
and for you good deeds and donations, I applaud you. But you are right. donations just won't cut it.
Isn't it about time we transcend from a monetary structure into transferring that wealth to build better systems of sustainability.
I mean this to be abstract, so that the limitless creativity of a wall street man such as yourself can explore this idea and area of creativity (no pun intended).
When I think of our future I think, Urban farming, Community networks and sustainability where we all share the responsibility of reinvesting into our local economic environment.
Why can't we transcend to politics or alternative methods of production that are sustainable without thinking about profit margins.
If even in the poorest countries and communities, big business finds ways to generate profit from those making less than 2,000 a day, why can't they do the same here?
Have they tapped out, or are planning to? Will they take the financial health of this nation to another only to starve this one and reinvest into another and repeat the cycle of consumption?
Honestly. Corporations have hijacked the lands of those who took a stand 200 years ago.