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Top 1% Own 39% Of All Global Wealth: Hoarding Soars As We Hurtle Toward Economic Oblivion
TEC ^ | 06/01/2013 | Michael Snyder

Posted on 06/02/2013 6:40:41 AM PDT by SeekAndFind

click here to read article


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To: 03A3
like i said, the article made no mention of taxation thus my reply...

i have no problem with a consumption tax since that way you would get all the black market criminals paying into the system that as of now pay nothing either, get some of that EBT money back as well

41 posted on 06/02/2013 7:59:13 AM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: LearsFool
"destroy the independent livelihood"

False conclusion. Mass production was inevitable. Ford didn't care about destroying independent livelihoods. He simply needed people to build his cars. And obviously not everyone worked in the "dinghy factories." How else would you suggest we could have gone about making cars or other "dinghies"? I would argue mass production and the resultant huge amounts of wealth created allowed for more people to establish their own independent livelihoods.

42 posted on 06/02/2013 8:03:12 AM PDT by driftless2
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To: driftless2; chrisser
Articles like this make it sound like wealth is a finite thing or number

I highly recommend this vanity post by chrisser. It took several readings before this point sank in: Wealth is not finite, but it DOES have a relative aspect. And it's that aspect that translates into power.

I have no desire for the wealth of the 1%. But I do have an interest in being free from the power they wield as a result of their wealth - as I suspect you do.
43 posted on 06/02/2013 8:04:08 AM PDT by LearsFool ("Thou shouldst not have been old, till thou hadst been wise.")
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To: muawiyah

Muawiyah - surprise, surprise - you have no idea how much I spend or don’t spend.


44 posted on 06/02/2013 8:06:02 AM PDT by ladyjane (For the first time in my life I am not proud of my country.)
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To: SeekAndFind
So what is the solution to this mess?

COMMUNISM

We'll do it right this time. Trust us.

45 posted on 06/02/2013 8:06:59 AM PDT by ProtectOurFreedom
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To: usconservative

It is a good thing that these articles are posted on FR so we know this kind of thinking exists, who publishes it, and who the authors are. Know thine enemy. This sounds like a manifesto written by the “Blockupy” nuts in Frankfurt or their brethren in the US.


46 posted on 06/02/2013 8:11:00 AM PDT by ProtectOurFreedom
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To: Chode

Seems like a 23% consumption tax immediately makes everything that is used but still in good condition worth another 23%? I think a consumption tax likely increases items being sold on the black market (outside of the system). Yet... I still prefer a consumption tax to what we have now. Maybe not 23% though.


47 posted on 06/02/2013 8:12:21 AM PDT by kjam22 (my newest music video:http://www.youtube.com/watch?v=l7gNI9bWO3s)
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To: LearsFool

You’re right. We’d all be much wealthier and living happier lives with more consumer goods if everything we bought were made by individual artisans and we didn’t have interchangeable parts and those horrible assembly lines. How foolish of humans to reorder their economic systems and lives for higher productivity and reduced costs.


48 posted on 06/02/2013 8:15:50 AM PDT by ProtectOurFreedom
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To: Chode

When the article mentions a rapidly disappearing middle class and people having things taken from them I assume taxation.


49 posted on 06/02/2013 8:15:51 AM PDT by 03A3 (The reset is gonna be epic.)
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To: LearsFool

And the power they have over me is what?


50 posted on 06/02/2013 8:19:09 AM PDT by driftless2
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To: 03A3
my taxes haven't gone up so i attribute it to inflation and wage stagnation, many people haven't had a raise since shortly after the boy took office...
51 posted on 06/02/2013 8:26:43 AM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: kjam22
23% would really be harsh, let alone after adding state/county/city sales taxes in many places and then add state income taxes and you're talkin real out of pocket money!
52 posted on 06/02/2013 8:29:17 AM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: John Valentine

‘Well, here’s the tried and true, used in Russia, China, Cambodia, all over Eastern Europe: “Kill or imprison the producers, confiscate their machinery and lands, subvert their institutions of learning.”’

You forgot the part about making the educated and the professionals work in the fields or are simply murdered outright and their property stolen.


53 posted on 06/02/2013 8:31:44 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: SeekAndFind

Make your own way in this world or quit taking up space on this planet!!!

Make you own wealth or shut up!


54 posted on 06/02/2013 8:36:22 AM PDT by dalereed
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To: SeekAndFind

Wasn’t the dreaded Hindenberg Omen seen recently?


55 posted on 06/02/2013 8:41:27 AM PDT by Viennacon
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To: muawiyah

And the bottom 50%, surprise, surprise, still don’t spend as much as you do.
******************************************************************
Wow, ladyjane must be fabulously wealthy as well as the world’s greatest spendthrift if she spends more that the bottom 50% do.


56 posted on 06/02/2013 8:41:57 AM PDT by House Atreides
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To: muawiyah
Currently we are also experiencing "a period of massive social change and incredible growth in the economy".

Also from the original article - "Once upon a time, the United States had the largest and most thriving middle class in the history of the world. That was a great thing. But now the middle class is being destroyed and government dependence has surged to an all-time high."

That 'once upon a time' period, the United States recognized personal properties (ownership of wealth), now we have the professional agitator in chief "you didn't build that' leading the mob.

And we are not talking about the >90% peasant class in the past, these are the 50% 'paid idle poor'.

57 posted on 06/02/2013 8:44:01 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: driftless2; ProtectOurFreedom

I never said mass production was a bad thing. On the contrary: I said, “Mass production is not a bad thing.”

A rising tide does lift all boats. Indeed, even the poor in this country are quite well-off in an absolute sense.

But tell me, how many of us - now that we have our bare necessities and even many luxuries, now that we’re wealthy compared to the average Chinese or our grandparents or whomever - how many have said “I have enough now” and gone back to living independent lives?

Aren’t we all instead chasing after a moving goal? Once we all became so rich as to afford one of Henry Ford’s Model A automobiles, did we stop there? Did we say, “Thanks for the job, Mr. Ford. And here’s the money to pay for the car. I’ll be heading back to my own independent livelihood now.”? (There’s a reason Huxley chose Ford as the god of his “Brave New World”.)

Sure, everyone is entitled to profit from his work and his ideas; I don’t begrudge anyone the fruit of his labors. But at some point corporatism began manufacturing demand to keep us in the factories in much the same way money-lending does to keep us paying interest. (Ever wonder why the Law of Moses forbade the Jews from charging one another interest? Or what the purpose of Jubilee was?)

We’re sharecroppers. With every harvest that supplies our needs and wants, we enrich the wealthy landowner and ensure the perpetuation of our condition. Yet we defend him and say, “But without him, we would starve!”

Silly serfs we are.


58 posted on 06/02/2013 9:05:55 AM PDT by LearsFool ("Thou shouldst not have been old, till thou hadst been wise.")
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To: driftless2

Heh! Ever heard of the “housing bubble”? Wealth transfer on a grand scale, that was.

(It seems some here have never played Monopoly.)


59 posted on 06/02/2013 9:10:59 AM PDT by LearsFool ("Thou shouldst not have been old, till thou hadst been wise.")
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To: House Atreides

She’s in the 20% at the top ~ gave herself away by her responses. All the people in the lower 50% by definition have less to spend than does she.


60 posted on 06/02/2013 9:37:10 AM PDT by muawiyah
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