Skip to comments.The Pitchforks Are Coming...For Us Plutocrats
Posted on 06/29/2014 8:45:11 PM PDT by hoagy62
You probably dont know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industriesfrom itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for which I was the first nonfamily investor.
But lets speak frankly to each other. Im not the smartest guy youve ever met, or the hardest-working. I was a mediocre student. Im not technical at allI cant write a word of code. What sets me apart, I think, is a tolerance for risk and an intuition about what will happen in the future. Seeing where things are headed is the essence of entrepreneurship. And what do I see in our future now?
I see pitchforks.
But the problem isnt that we have inequality. Some inequality is intrinsic to any high-functioning capitalist economy. The problem is that inequality is at historically high levels and getting worse every day. Our country is rapidly becoming less a capitalist society and more a feudal society. Unless our policies change dramatically, the middle class will disappear, and we will be back to late 18th-century France. Before the revolution. And so I have a message for my fellow filthy rich, for all of us who live in our gated bubble worlds: Wake up, people. It wont last.
(Excerpt) Read more at politico.com ...
So you know, the article at the website covers 4 pages. I read the whole thing though
Do you think he's right, or is he talking out his backside?
“The universe is eight billion years old, the last two billion of which have produced intelligent life. During this time not one hour of absolute equity has prevailed.” — Jack Vance “The Houses of Iszm”
“Capitalism allows the individual other options beyond that of being poor.” — Captain Compassion
I read this the other day. Afterward, I tweeted him: “I loved your memo, Jerry.” I couldn’t help myself. The level of stupid burns.
This has already been posted.
He’s got some weird feddish for pitchforks and his numbers are suspect. And he should give 10% of his income directly to the charities of his choice and not use the government to force everyone else to do so.
Amazingly nobody ever includes celebrities, athletes and political bigwigs in these predictions of revolution.
We will only kill the plutocrats that got there using bought government influence to change the rules for themselves like G.E. and Warren Buffet when the revolution comes.
If you earned you millions or billions honestly then you will be spared.
Which means that the liberal rich bastards will be at the top of the Treason List...
I can see a lot of anti-freedom Celebretards and Big Businessmen who are pushing amnesty being the “First against the wall”
I think he should be able to pay his employees as much or as little as he wants. If he wants to be generous, good on him. If he wants to be miserly, good luck finding good employees. As for having government set wages like “speed limits”—no way!
Exactly. When the revolution starts, do they really think they will be safe?
And he’s so modest, too!
I read this to my wife. She mentioned that he failed to factor in one of the strongest forces out there: greed.
Greed is the bane of capitalism. It says “I want to keep what I got. What’s mine is mine, and it’s gonna stay mine.” Put a different way...”I got mine. F**k you.”
His idea won’t work for many reasons...but the biggest one is that people are greedy, whether they wish to admit it or not. This will NEVER change.
The “pitchforks” generally come as the result of oppressive taxation at the hands of government, and the victims are those whose wealth derives from government.
Yes. They really, actually do, with all their hearts.
And that is the evil of the effectiveness of the collective dream - that denial and delusion and narcissism and immaturity.
They simple refuse to grow up and take personal responsibility for their lives, and collectivism rewards them for their cowardice by calling them adults - literally for avoiding adulthood.
And so they believe it and will hurt others for it, because the alternative is facing themselves, and that they refuse to do.
Unfortunately, history has shown that by the time they realize that their moral temper tantrum doesn't work, the world can be left in a smoking ruin.
I read the whole thing, too. His analysis is correct, too, although he’s only seeing a small part of the crisis.
There is income inequality, certainly, but it is far greater than the manner he writes about. For those of us working for the state - hey, I’m a teacher, so I’m speaking from personal experience here - times have never been better. Teachers and the rest of the government bureaucracy are paid pretty well, and the perks that we get are a hell of a lot better than anything I experienced as an employee in the private sector. The corporate sector that is connected to the state through lobbyists, connections, schmooze, and going to the same schools as the government regulators is doing pretty well, too. The poor are in fine shape, too. Before I went back to college at the age of 42 to get my (disturbingly easy to obtain) teaching degree, I lived much of my working life alongside the working poor and the welfare poor. The welfare poor had lots of benefits, too, often allowing them to live better than their working peers.
I agree that there’s inequality. I disagree with the author about what that looks like. The taxpayers - the productive people - are being squeezed by everyone else - the nonproductive, those who get paid by the state, and those who gain wealth from connection to the state. So the writer’s metaphor about a royal elite is on target, with the state, the gentry, and the peasants on one side, and the middle class on the other. That’s the inequality.
Oh, and he’s right about what happens when the shit hits the fan. Eventually the system collapses. It’s always horrible. God helps us.
Another reason it won’t work is the assumption that those who are on government entitlements now will automatically stop using them. Poof! It’s magic.
Magic 8 Ball says: Try again! The entitlement class is hooked on big gov’t like a crack ho.
“When the revolution starts, do they really think they will be safe?”
They do. They won’t.
They think they can wall off Martha’s Vineyard? Fly to the south of France?
greed is also behind government confiscating more and more from others to give to who they think deserve it. greed for power, to screw people they don’t like, and to buy votes.
hes from seattle...what would one expect
the problem goes back to the Carniege Foundation which, along with Council of Foreign Relations, promoted a world wage...problem was no one told middle class americans that a company would send their jobs overseas to make 1% more in ROR...INCLUDING by the way most slime from Seattle...apple etc makes its products overseas and keeps its money there...there have always been loyal original business founders BUT when the Harvard Business School appoints the majority of business leaders you get abandonment of American workers...I spit on all of them...including that superscum and coward carl the rat rove and bumbrain bush who will not lift a finger to name Obama...
im not sure how capitalism as its developed worldwide can reemploy americans...those of us born in the 40s and 50s lived in the best of times and assholes like the bush family with their new world order doomed us ...
the people are getting sick of things as they stand. The tar and feathers are coming out—the pichforks and troches are ready—along with the tricorn hats and drum and fife. All it would take is a spark to set things off. Revolution, Session, Junta take over, or a general strike. Ride to the sound of the Guns! One good speach by Sarah Palin—one good reason to rise and the movement would slip into a new phase.
This POS is one of the obscenely rich Demoncrats that fund much of their mischief making. He is a primary funder of I594, the anti gun initiative on the Nov. ballot in Washington state. He is a capitalist when it comes to accumulating wealth but is a pure statist at heart.
Unless the government mandates income, there is ALWAYS going to be "inequality".
Hearing someone make an argument that is financial-related and include statements about "equality" just levels the argument. It's like that old joke about a man asking a woman if she would accept money to have sex with him, and when she asks how much money, gets offended when he only offers a quarter.
The author has already stated what he is with his comment about "inequality".
Liberals ALWAYS think they will be safe.
They are the ones who scream as they are dragged away “Wait! I’m on YOUR side! Why are you doing this?”
They never take the time to read books like “The Gulag Archipelago”. They view it as fiction.
A clarification is in order: there will be inequality even when the government mandates there will be none.
It is hard work being one of those writing and enforcing tyrannical mandates, and they have to be adequately compensated for that.
Everyone ELSE will have more 'equality'.
It will go with the gruel.
Revolt is coming.
He, like the rest of his fellow guilt-ridden liberals, apparently buys all of the BS about increasing income inequality that has been spouted for decades.
Fact is, income “inequality” has remained about the same for the last 50 years with minor variations.
It’s not hard to concoct a bogus case when you ignore (as income) a trillion per year in welfare, the effects of taxes, changing average household size and a bunch of other important stuff. Piketty (a socialist) writing a book chock-full of the same old stupid garbage is just the latest example.
The entire argument is rubbish. There is something of a case to made for decreasing income mobility (movement among income quintiles, up and down) but that’s mostly a result of liberal government policies.
The guy just parrots the usual liberal lies to make himself feel better. He knows nothing about economics or the gross manipulation and distortion of statistics or convenient omission of critical facts used by liberals to support their ridiculous arguments.
“Income inequality” is on a par with “global warming.” Both are total BS, concocted by the same type of people with the same socialist “we know better than you” agenda.
Over taxation is bad but over regulation is far worse.
They are both bad.
It’s a shame that people are so “dumbed down” that they don’t really realize that they will NEVER own their own land or homes.
Don’t believe it........don’t pay your property tax and you will soon see who really owns it.
Fear not the pitchforks..... they are the tool of workingmen
Fear rather the “nines”, the tool of the lazy, unproductive, parasitic urban detritus.
“..... Unless our policies change dramatically, the middle class will disappear, and we will be”......
We will wind up being just like Mexico where there will be those who “have” and those who “have nothing”......
Those who flock to this country seeking the American Dream will wake up to the reality that they picked the wrong horse and are/were part of the outcome of America becoming what they had left, Mexico.
Frankly, I do think he is correct. I believe the Great Depression was largely the result of too much of the money piled in the hands of too few. Too few dollars chasing too many goods and then combined with a major drought. Capital has to be employed, money has to be spent.
I worked for a guy who was very well off. Not like some of these stupid rich we have now but rich enough to own the yacht, the Falcon jet, Sun Valley place and such. He was very good to us who worked hard for him. We went to a party at his house and above his desk was a framed slogan, “Money has to be spread around to do any good.” That was more than 30 years ago when I worked for him.