Someone help me understand the thought process of the 1% [View all]

[Txbluedog]

Them being the 1% means there is a 99%. They want to gut the social safety and want people working for peanuts. I understand that, they run massive corporations and want cheap labor. However, do they understand that if people have no disposable income they are not going to be in a position to buy all of the goods and services that their massive corporations produce? This in turn will mean that they cannot sell the product that they paid to have produced and they will incur massive losses and eventually join the 99%. I am being totally naive in think that this is basic economics?