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What's so awful about the 1%?
Los Angeles Times / LATimes.com ^ | December 4, 2011 | By Bradley Schiller

Posted on 12/04/2011 12:14:00 PM PST by thecodont

The class war is on. It's the 99% of "us" versus the 1% of "them."

In the rhetoric of this war, we are fighting the 1% because they possess most of the nation's wealth, bankroll their handpicked political candidates, control the banks and get million-dollar paychecks and billion-dollar bailouts; yet they don't pay enough taxes or invest their wealth in creating American jobs. They're the "millionaires and billionaires" President Obama has called out as needing to pony up more for progressive reforms of our healthcare, banking, tax and political systems. They are the enemy of "us" — the 99% who toil at low-wage jobs, hold underwater mortgages, face foreclosures, suffer recurrent and protracted job layoffs and plant closings, and yet pay our fair share of taxes.

But there's a flaw in this strategy. The Occupy Wall Street movement envisions the 1% as a monolithic cadre of entrenched billionaires who have a firm and self-serving grip on all the levers of the economy. But a closer look at that elite group reveals how untrue that perspective is.

Forbes magazine compiles a list of the richest 400 Americans every year. To get on that list, you must have at least $1 billion of wealth. They are the creme de la creme of the 1% — indeed, the top 0.0000013% (!) of Americans. So who are these dastardly people?

The late Steve Jobs was in that elite club this year. In his earlier days, Jobs would have been camped out with the OWS crowd, probably passing around a joint. Should we count him as one of "us" or one of "them"? (And you can't use your iPhone or iPad to vote "them.")

(Excerpt) Read more at latimes.com ...


TOPICS: Culture/Society; News/Current Events
KEYWORDS: 99percent; innovation; occupywallstreet; onepercent

1 posted on 12/04/2011 12:14:01 PM PST by thecodont
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To: thecodont

99% (us) vs. 1% (them). An old commie tactic. Unfortunately, it works every time. The 99% dummies still haven’t been able to figure it out.


2 posted on 12/04/2011 12:20:59 PM PST by FlingWingFlyer (Stop BIG Government Greed Now!!!!)
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To: thecodont
In the rhetoric of this war, we are fighting the 1% because they possess most of the nation's wealth,...

The nerve to earn money through hard work and then expect to keep it all for themselves when the lazy don't have any because they aren't willing to work.

It just isn't fair....

3 posted on 12/04/2011 12:26:52 PM PST by EGPWS (Trust in God, question everyone else)
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To: FlingWingFlyer

We shouldn’t throw the baby out with the bath water. There really is an evil 1%. But they aren’t capitalists. They are fascist in bed with the Federal government. And they are stealing us blind.


4 posted on 12/04/2011 12:41:05 PM PST by DManA
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To: FlingWingFlyer

We shouldn’t throw the baby out with the bath water. There really is an evil 1%. But they aren’t capitalists. They are fascist in bed with the Federal government. And they are stealing us blind.


5 posted on 12/04/2011 12:41:27 PM PST by DManA
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To: thecodont

http://www.youtube.com/watch?v=cJD8pZiRIzs&feature=youtu.be

Not for the faint of heart or virgin ears.


6 posted on 12/04/2011 12:45:29 PM PST by Fester Chugabrew (minds change)
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To: thecodont
one of the comments from the site -- by some braindead troglodyte
What's so awful about the 1%??? They have OUR money. Money they SHOULD have been paying in taxes.

The wealthy OWE us more than they're giving. We GAVE THEM the country that provided them with the ability to get the wealth they have.

For them to GLOM it over the rest of us is:

1) Immoral and unjust
2) Exactly what lead to the French and Russian revolutions
3) Selfish and greedy
4) No man (or woman) is an island, get over it. We all belong to the same society, we all work toward the same ends.

It IS TIME the wealthy paid more in taxes. AT LEAST back to the levels even Reagan thought were just.

No one ever accused the LA Times of being for the common person, but this goes too far!

This is the type of radical OWS idiot that is ruining our country

7 posted on 12/05/2011 4:43:51 AM PST by Cronos (Nuke Mecca and Medina now..)
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