Where the fuck were they during the election?
Dumbfucks believed the orange guy who was sitting in front of the billionaires. Lets not forget that a third of the us isn’t capable of reading above the 6th grade level.
And yet, about half of voting Americans will actively ignore those impulses and choose a party that openly campaigns on tax reductions while it drums up fears surrounding issues they largely agree with (when presented in a non-partisan context) so does it really matter what they say?
Well to be fair they also know democrats only say they will fix the issue and then immediately do the same things the republicans do because they just cannot do without that sweet corporate cheddar.
I figure their logic is that at least the republicans are honest about it.
do the same things the republicans
I missed the part where the Democrats were cutting social security, Medicare, and Medicaid. And repealing the ACA. And attacking LGBTQ people. And deploying the military against American civilians. And sending people to foreign gulags en mass without trial. And attacking voting rights.
Yep, they sure are the same.
That was what Trump campaigned on wasn’t it? So contrary to democrats who usually don’t deliver in their promises Trump can at least says that he tries damn hard to deliver on his promises.
I know this will be conflated to me being supportive of what he does. So let me clarify that I’m not endorsing it, I’m just stating the fact that Trump goes so far as to break the law in order to deliver his promises, while democrats work really hard to maintain the status quo even while having legal and political power to make real change. This is part of his appeal, a detail which should not be lost on democrats.
45% of voting age Americans didn’t even fucking bother to vote
Well, a lot of them decided the genocide half way across the world was more important than the genocide they would help to trigger back home.
How any didn’t vote, and how many were removed from voter rolls or didn’t have the right ID or were gerrymandered or
The rich have too much by definition, but billionaires in America have an historically obscene amount of wealth. Wealth inequality in today’s America has surpassed pre-Revolution France.
Why is rich too much? Why can’t we all be rich?
It is a zero sum game. The rich are addicted to power over others despite data showing that even they would be happier in a more equitable society (see TED talk by Richard Wilkinson called “Spirit Level”).
It’s not a zero sum game. If someone is unemployed, they become employed and create some goods or services, they both can spend more money and the business can sell it for more money than they pay out as salary
So you have created wealth that didn’t exist before. It is possible for everyone to be rich, provided we automate enough tasks that nobody is wasting time on menial labor
The money supply is fixed. Government prints money but not to cover new jobs. It is all about transfer of wealth.
We could all be moderately wealthy if Billionaires were not a thing. Basic Income is perhaps feasible too.
Economist Gary Stevenson explains it well. He has over a million views of each video on YouTube.
He is working class as fuck but graduated from LSE & Oxford and then made millions since 2008 betting that inequality will rise and that most people will be worse off. He was the most successful trader for Citibank but quit in disgust and to reveal the scam to the public. Now with a best-selling book.
The government lowers interest rates to increase economic growth and when the inflation is low. Lending increases the money supply because banks are not required to have full reserves. So yes, the Fed actually increases the effective money supply at the correct rate depending on whether they want the economy to grow or to control inflation
The supply in circulation. Bonds are promissory notes. I don’t think the money disappears from ledgers.
The fractional reserve is fixed AFAIK.
Circulation doesn’t matter. Let me give you adb example.
Let’s say my mom sells her house. The buyer takes out a loan from the bank. My mom gets $300,000 in cash to her bank account, the buyer loses 20% down payment so he’s down $60,000. The bank reserves 10% which is $24,000
Suddenly the economy just got a boost of $300,000 - $60,000 - $24,000 = $216,000
When my mom spends that money, it goes to the bank accounts of businesses so it just stays as numbers. Nobody needs to take any cash out, but everyone gets richer
The survey only involved like 950 people and it only defined it as, “the rich” which seems pretty vague. Given the survey also mentions Bezos and Musk it wouldn’t surprise me if that is the group having too much on this survey, not humble millionaires like you and me.
Don’t forget all of the people who will certainly be millionaires in the future! They will definitely not be middle class and delusional for the rest of their lives
Middle-class people will be millionaires.
$1M equates to $40k/year income in retirement at a 4% SWR (safe withdrawal rate). In 2025, that’s not actually a lot, even if you have Social Security on top of it.
If you’re not a millionaire by the time you’re retired, you’re damn near impoverished. The only way for that to count as “middle class” (in the “close to the median income” sense) is if the middle class is destroyed (in the “existing separate and distinct from the lower class” sense).
(INB4 somebody chimes in with “it never was separate and distinct” – yeah, yeah, I know, working-class solidarity and all that. But you get my point, right?)
friendly reminder, it would take 1,460,714,285 weeks of minimum wage to earn musks net worth. That’s 27 million years.
Friendly reminder that even someone making $1M per year today still has less true buying power than a 10 year old child laborer earning $1 per hour in the late 1950s
It ain’t about “having too much”. Billionaires shouldn’t exist. Ipso facto, their very existence only shows that corruption and greed can influence anything to point that whatever that thing is only serves those corrupted. End it. There should be no Billionaires.
In other words, a billion is too much money for one person to have.
No they don’t, their voting clearly shows the opposite.
Voting doesnt mean shit.
Assuming the numbers aren’t straight up fake and red team didnt cheat at the last mile.¹
Assuming everyone who wanted to got to²
And most people weren’t so demoralized by every option that remotely represented them or ehat they wanted be ratfucked or blatant lies that just flipped and did the same old shit anyway³
You still have a shitty system made to disenfranchise people by choosing aristocratic proxies rather than members of their communities, keeping them alienated at every step from the actual decision making that effects their lives.
¹you’d have to be dumber than a box of disposable hammers
²delusional, bigoted or both
³have you talked to an american this century? Just read a history book?
Why do you have a bunch of unnecessary sourcing notes with no sources? What’s with the little ones and twos?
They’re called foot notes¹, and while most often used for citing sources¹, they can also be used to include tangential or repeated information without breaking flow, as demonstrated here¹! Also for comedic or other effect.
¹you fool!
Yea I’m aware of foot notes. But you have no notes.
And they’re not comedic.
