60% is a majority, right? The article was working really hard to downplay it. “The bottom 60%” that’s more than half the country… social unrest will be the least of their worries
you all best buckle up, because it’s gonna get a lot worse
Hunter Thompson wrote “Hell’s Angels” in 1967.
There’s a passage about the economics of being a biker/hippie/dropout.
In those days, a biker could work six months as a union stevedore and then hit the road for two years. A part time waitress could could support herself and a live-in boy freind
Then Nixon/Reagan came in to save us.
Looks like it’s time to eat the rich.
They have too much power and resources now. We aren’t going to get a better quality of life through peaceful means.
We need magats to get angry. They’re the reason why this shit show is still going on.
There’s a relatively nonviolent solution America can do, but it would be complex to organize. Stop. Anyone that can stop working for even a day, or a week. Just pick a starting point and stop working, buying, consuming. They can’t fire everyone.
I’d love to see it but I think they could outlast us and would love at the chance to buy up failing small businesses and property during that time.
But the whole point of that time is to actually change stuff, so they wouldn’t make nearly as much profit, and maybe not even get to keep it.
It would be like buying a car that’s cheap because it’s on fire. They need us but we don’t need them.
I agree. Only 5% at most would follow through, and most of that 5% are non-vital employees, you don’t even have a union culture to organise this, and the best the democrats have done is stay silent.
Again, I agree, this would work if we organise it.
Credit is doing a lot of heavy lifting. If credit seizes up, then it all falls apart. That’s why interest rates have been held low for so long.
But you have millionaires who play kids games on tv and billionaire celebrities made famous by their looks or money, that go on to play government in real life in all your major political offices. Multi millionaire actors and starving paramedics. What an advanced society.
Richest country in the world doesn’t take care of its citizens. Funny how that works
Or it’s not actually the richest.
So you’re right. We are number 11 now
From the point of view of most people total country GDP is meaningless (only certain businesses get a “cut” of the total country GDP and hence it matters to them), and per-capita GDP is what matters and even then how much it matters depends on the level of inequality in a country since when a few get most of the wealth that per-capita value (which is the median) is quite different from what actually most people get (the mode).
2 economist walking in the woods.
Economist 1 says to economists 2: I’ll give you $100 if you let me kick you in the balls.
Economist 2 says “sure”
Then economist 1 kicks economists 2 in the balls and gives him $100.
They continue walking and see a big pile of shit.
Economist 2 says to economist 1: I’ll give you $100 if you eat that pile of shit.
Economist 1 says “sure”, eats the pile of shit and economists 2 gives economists 1 his $100 back.
They continue walking, eventually economist 2 asks “What was the point of what we just did?”
Economist 1 responds “We just increased GDP by $200.”
*Country with the richest persons living in it
Technically GDP is just a measure of cash flow. So how much the government, private business and individuals spend all dumped together with all spending on imports subtracted. High GDP means lots of money changing hands but doesn’t necessarily care who’s hands, just that money is flowing.
Last I heard, China is.
Also nothing new, they did a big news report in Reno like 20 years ago and cost of living was about double what the average income was for the city. You had a two income family or roommates, or live at home.
It is almost like we are being scammed.
America was a great experiment in maxing out capitalism and rugged individualism. Now all other countries know how it will end and to oust any politician even hinting at doing the same.
America and the UK, together they show the world what not to do. Conservatism and oligarchs are poisons that kill civilizations.
I really think we need a sublemmy dedicated to specifically tracking the high stakes competition between the US and UK to spectacularly faceplant in the stupidest possible fashion.
It is a very close competition so far and there have been a lot of upsets in the sense that it has made us all upset that the world is burning.
“…Stupidity, Phobia, Greed, Wrath, and Traditional Values…from your powers combined, I am Captain Conservative!”
There was a time when I thought the 2016 Brexit referendum was going to be the dumbest political story of the year. Then the US said “hold my watery beer”.
I like your optimism, but sadly I cannot share it…
Which country has the highest millionaires in the world?
The U.S
IMO gini coefficient is more comprehensive. Some millionaires like doctors actually earned it. But you can’t become a billionaire without being a parasite.
People have bee saying this for a while now… this isn’t news anymore. Why is he still alive?
To convince more people, it may help to have an analysis that doesn’t include celebratory dinners, eating out, physical television, etc. The inclusion of those things are either a drop in the bucket or have good enough rationales, but too many Americans are too dumb to accept that.
If Americans stopped doing that the economy would crash, people would lose their jobs, and most people wouldn’t be able to afford to live.
So it’s the same thing in the end.
That’s because we haven’t cut taxes for the rich quiiiite enough yet
Those trickle down economics, I’m still waiting on them since the fucker beat Decocus.
Trump is certainly trickling a golden shower upon humanity. The guy is an ass, and will tell us to thank him for the opportunity to eat the few rancid seeds found in his shit.
Of course, a true kingdom requires impoverished serfs. Welcome to techno-feudalism.
Serfs
Brah do you even serf?
