Forum Post: The One Percent
Posted 13 years ago on Oct. 19, 2011, 8:11 p.m. EST by iconophobian
(3)
from San Francisco, CA
This content is user submitted and not an official statement
Educate yourself.
http://www.youtube.com/watch?v=MCNKn7JirBU
fantastic documentary on the 1% done by a 1% himself. Take a look at the people who hold everything.
We have been mislead by Reagan, Bush Sr, Clinton, Bush Jr, Obama, and nearly every other public figure. Economic growth, job creation, and actual prosperity are not necessarily a package deal. In fact, the first two are horribly misunderstood. Economic growth/loss (GDP) is little more than a measure of wealth changing hands. A transfer of currency from one party to another. The rate at which it is traded. This was up until mid ’07′ however, has never been a measure of actual prosperity. Neither has job creation. The phrase itself has been thrown around so often, and in such a generic politicali manner, that it has come to mean nothing. Of course, we need to have certain things done for the benefit of society as a whole. We need farmers, builders, manufacturers, transporters, teachers, cops, firefighters, soldiers, mechanics, sanitationi workers, doctors, managers, and visionaries. Their work is vital. I’ll even go out on a limb and say that we need politicians, attorneys, bankers, investors, and entertainers. In order to keep them productive, we must provide reasonable incentives. We need to compensate each by a fair measure for their actual contributions to society. We need to provide a reasonable scale of income opportunity for every independent adult, every provider, and share responsibility for those who have a legitimate need for aid. In order to achieve and sustain this, we must also address the cost of living and the distribution of wealth. Here, we have failed miserably. The majority have already lost their home equity, their financial security, and their relative buying power. The middle class have actually lost much of their ability to make ends meet, re-pay loans, pay taxes, and support their own economy. The lower class have gone nearly bankrupt. In all, its a multi-trillion dollar loss taken over about 30 years. Millions are under the impression that we need to create more jobs simply to provide more opportunity. as if that would solve the problem. It won’t. Not by a longshot. Jobs don’t necessarily create wealth. In fact, they almost never do. For the mostpart, they only transfer wealth from one party to another. A gain here. A loss there. Appreciation in one community. Depreciation in another. In order to create net wealth, you must harvest a new resource or make more efficient use of one. Either way you must have a reliable and ethical system in place to distribute that newly created wealth in order to benefit society as a whole and prevent a lagging downside. The ‘free market’ just doesn’t cut it. Its a farce. Many of the jobs created are nothing but filler. The promises empty. Sure, unemployment reached an all-time low under Bush. GDP reached an all-time high. But those are both shallow and misleading indicators. In order to gauge actual prosperity, you must consider the economy in human terms. As of ’08′ the average American was working more hours than the previous generation with far less equity to show for it. Consumer debt, forclosure, and bankruptcy were also at all-time highs. As of ’08′, every major American city was riddled with depressed communities, neglected neighborhoods, failing infrastructures, lost revenue, and gang activity. All of this has coincided with massive economic growth and job creation. Meanwhile, the rich have been getting richer and richer and richer even after taxes. Our nation’s wealth has been concentrated. Again, this represents a multi-trillion dollar loss taken by the majority. Its an absolute deal breaker. Bottom line: With or without economic growth or job creation, you must have a system in place to prevent too much wealth from being concentrated at the top. Unfortunately, we don’t. Our economy has become nothing but a giant game of Monopoly. The richest one percent already own nearly 1/2 of all United States wealth. More than double their share before Reagan took office. Still, they want more. They absolutely will not stop. Now, our society as a whole is in serious jeapordy. Greed kills.
Absolutely sickening. The government needs to limit their wealth to no more than $1 million. The rest should be redistributed to The People. This way everyone can be happy.
this is dumb
100% of this comment is BULL SHIT.
hows that for numbers?
stop wasteng my time with this.
TAKE UP A HOBBY, LIKE COMMITING SUICIDE!
yea i smell shit to, but its comming from you. This is actually a good film exposing the flaw in american econimics...with the nobel prize winning econimic plan which suggest that the econmy would be better stimulated if 1% of the population controlled the majority of wealth by them making better business choices and keeping the other 99% working.
Well, as they get richer(1%), we get poorer(99%). Why is that? Because as we know, money is bassed on resources, and they have a limit, wealth is not infinite. So as they grow there fat bank accounts there is less money in circulation for the rest of us.
Is that simple enough for you to understand. Or are you still going to take the stand as an idiot that can't tell when he's being blatantly f*ed.
my goodness. I just wanted to post a very interesting documentary about both sides of the story. It's filmed by Jamie Johnson, grandson of Robert Wood Johnson ( co founder of Johnson & Johnson).
... So i'm kind of shocked that you would go ahead and just completely disregard it by saying nonsensical hurtful things. If you don't wish to see it that's fine, I can respect it, but going out of your way to be purposely hurtful and not even engage in proper conversation, is..well.. depressing.
I wonder if you are being paid to piss people off. Or maybe you would rather engage in fighting with strangers and not be courageous and help solve a problem. Or maybe America is really ignorant and you are proof of it.
I don't know. but one thing I do know.. this forum is festering with people that just want to hurt others.. whether it's paid for, or some people do hate everyone or hell maybe a computer program made to incite division and hatred... I'll make sure to keep that in mind in a future. The internet will not bring the change we all so desperately seek... meeting others and occupying will.
In a way that's for the best.. the more sheltered we are against each other, the less we will be able to unite. So in an odd way, you just did everyone here a service, to unite face to face, and not in this pit of a forum.
so, thank you very much sir, and have a lovely day.
and do watch the documentary, it really is fascinating.
where did you learn to spread such bull shit over six different paragraphs?