General Discussion

stevenleser

(32,886 posts)

39. Absolutely. And you can take it further. There is a similar relation between the top 1/10th of 1%

Sun Mar 10, 2013, 11:37 AM

Mar 2013

and the rest of the 1%.

It has totally messed the economy up. The other side of that that most people do not realize is, if the top 10% own 80% of the wealth, the bottom 90% could go on a permanent general strike and it would not affect 80% of the commerce (by $ not by number of transactions) of the country. That limits the impact of the strike. The top 10% would only start to feel it if the utilities started failing or the transportation system failed to the extent that cars could not get around. I try to point that out when some people suggest a strike but it doesnt usually go over well.

That also necessarily means that your average stores in your average towns around the country where there are not concentrations of top 1% and top 10% might as well close up shop because there is no one there with any wealth to buy goods. That is what happens when the middle class has wealth stripped away.

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How bad does it have to get? [View all] dixiegrrrrl Mar 2013 OP

Until The Beer, Bread And NASCAR Are Gone - Americans Are The Perfect Sheeple cantbeserious Mar 2013 #1

for the romans, it was bread and circuses unblock Mar 2013 #2

Updated OP With NASCAR As Surrogate For Circuses cantbeserious Mar 2013 #3

Change NASCAR to sports jmowreader Mar 2013 #11

and mega sports and general squelching of curiosity and questioning status quo. Whisp Mar 2013 #14

And all the city fathers give into the black mail of a moved WCGreen Mar 2013 #37

Why did you pick NASCAR? ChisolmTrailDem Mar 2013 #21

Very Popular With Low Information Voters cantbeserious Mar 2013 #23

Bullpuckey. ChisolmTrailDem Mar 2013 #24

A NASCAR Fan - Well Enjoy The Sport cantbeserious Mar 2013 #25

You say that as if I'm somehow a lesser person because I am a NASCAR fan. ChisolmTrailDem Mar 2013 #27

If NASCAR Is Your Sport - Then Enjoy It cantbeserious Mar 2013 #28

WHAT THE Hell are you picking on Beer for!? Wednesdays Mar 2013 #29

I hate circuses. All those clowns. Squinch Mar 2013 #30

sadly, much worse. unblock Mar 2013 #4

Apparently most of Europe is uprising this week. dixiegrrrrl Mar 2013 #6

In Paris in the summer of 1789 it took the price of... kairos12 Mar 2013 #5

In my readings of post 1790 history dixiegrrrrl Mar 2013 #7

You are right kairos12 Mar 2013 #8

Rome and Great Britain became dependent on their colonies and had to defend them. Tierra_y_Libertad Mar 2013 #9

What client states? What countries can we not afford to do without? stevenleser Mar 2013 #31

Well, that's a relief. Tierra_y_Libertad Mar 2013 #34

What are you even talking about? nt stevenleser Mar 2013 #35

The OP. What are you talking about? Tierra_y_Libertad Mar 2013 #36

I thought the 1% already owned damn near everything. talkingmime Mar 2013 #10

I think they are at about 40% of wealth in the country now which is already way too high. stevenleser Mar 2013 #33

I'm pretty sure you're correct about the 1% owning 40% but think about the side issue... talkingmime Mar 2013 #38

Absolutely. And you can take it further. There is a similar relation between the top 1/10th of 1% stevenleser Mar 2013 #39

That's exactly the point I was trying to make. You could be AT the top 2-10% level and... talkingmime Mar 2013 #41

The truth of the matter is that this country SheilaT Mar 2013 #12

The people making the decisions know that the actual wars are beside the point. Arugula Latte Mar 2013 #15

I am not sure it's really a matter of the people making SheilaT Mar 2013 #26

I don't think that is true. There is still immense wealth and capacity here. It's just that the stevenleser Mar 2013 #40

Certainly, the strongest economic growth that we SheilaT Mar 2013 #43

kick and rec for discussion nt steve2470 Mar 2013 #13

This is worse, because we have foreign investors coming in, buying up Cleita Mar 2013 #16

When the bread and circus no longer keeps the serfs sedated. Rex Mar 2013 #17

K&R DeSwiss Mar 2013 #18

. snagglepuss Mar 2013 #19

I wonder and worry for the next generations (being born now) dotymed Mar 2013 #20

"spring is coming" dixiegrrrrl Mar 2013 #22

Collapse will follow our debt avalanche cbrer Mar 2013 #32

I dont think so. I dont think debt is what will trigger the tipping point. stevenleser Mar 2013 #42