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Showing Original Post only (View all)There Once Was a Time When the Super-Rich Needed a Middle Class to Be Successful -- Not Any More [View all]
http://www.alternet.org/economy/rich-dont-need-us***SNIP
As Paul Buchheit brilliantly points out over at AlterNet, "As they accumulate more and more wealth, the very rich have less need for society. At the same time, they've convinced themselves that they made it on their own, and that contributing to societal needs is unfair to them. There is ample evidence that this small group of takers is giving up on the country that made it possible for them to build huge fortune."
Buchheit goes on to say that, "The rich have always needed the middle class to work in their factories and buy their products. With globalization this is no longer true... They don't need our infrastructure for their yachts and helicopters and submarines. They pay for private schools for their kids, private security for their homes. They have private emergency rooms to avoid the health care hassle. All they need is an assortment of servants, who might be guest workers coming to America on H2B visas, willing to work for less than a middle-class American can afford"
Unfortunately, these millionaires and billionaires who have given up on America and on the working class are in control of the political process in this country.
They have brainwashed Republicans into thinking that the success of working-class Americans no longer matters for the future of this nation.
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There Once Was a Time When the Super-Rich Needed a Middle Class to Be Successful -- Not Any More [View all]
xchrom
Nov 2013
OP
What kills me is how many voters associate themselves with this demographic...
Earth_First
Nov 2013
#1
They still do, they have just found a way to circle the drain more slowly with a weak middle class
stevenleser
Nov 2013
#2
they've created ways to make money no matter how the economy is doing for the rest of us.
KG
Nov 2013
#3
And a lot of it is automated - if an asteroid destroyed all life on earth. it would keep going.
bananas
Nov 2013
#27
The Oligarchs And Corporations Own And Control The Politicians That Own And Control Us
cantbeserious
Nov 2013
#9
I suppose when they are making fortunes by betting and trading on what amounts to complicated IOU's
Douglas Carpenter
Nov 2013
#12
When making money is de-coupled from generating wealth (in the classic meaning of the word)
Ikonoklast
Nov 2013
#13
I don't think it's sustainable - anymore than if you and I traded back and forth notes promising
Douglas Carpenter
Nov 2013
#21
The funniest part is this: They don't need us, because of growing classes with disposable income
Ikonoklast
Nov 2013
#24
This is why it may take their blood and that of all their relatives to end this
emsimon33
Nov 2013
#31