Where the fuck were they during the election?
Dumbfucks believed the orange guy who was sitting in front of the billionaires. Lets not forget that a third of the us isn’t capable of reading above the 6th grade level.
It’s more about lack of Critical Thinking Skills than anything else.
In related news, 28% of Americans are complete and utter fucking morons.
Anytime there’s a shitty statistic, it’s often always around 25-35%
So 1/3 people completely fuckin sucks. This tracks with my anecdotal data
In my experience, around 57% of statistics are made up.
42%
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28% of Americans think they are billionaires that are just suffering a temporary financial setback.
“If it wasn’t for those Democrats, we’d all be rich!”
It ain’t about “having too much”. Billionaires shouldn’t exist. Ipso facto, their very existence only shows that corruption and greed can influence anything to point that whatever that thing is only serves those corrupted. End it. There should be no Billionaires.
In other words, a billion is too much money for one person to have.
It’s the POWER that a billion bucks holds that’s dangerous. We now have numerous billionaires with enough money to negotiate their own terms with foreign governments, without regard to how it might affect America as a whole. Eventually, world-wide power will be held by the Sociopathic Oligarchs, and instead of countries regulating THEM, they’ll be regulating the countries to suit their own selfish purposes.
And eventually, that will lead to Sociopathic Oligarchs making conflicting demands, and they’ll end up going to war with each other, with countries and citizens caught in the crossfire.
And this is precisely why a billion is too much money for one person to have.
6% said “the poor have too much”
wat
Are you not aware that poor people have smartphones these days? Back in my day being poor meant having absolutely nothing. I say we take their phones away and their shoes too for good measure. That way they’ll know what true poverty is like /s
Are 6% of respondents 12-year-olds that identify as “your dad’s a cuck”?
Mentally, about 45 % of the voting population are exactly that.
I’m more surprised that the survey even had that as an option. I think the survey options were just:
- the rich have too much
- the poor have too much
- they have about the same
Kind of a braindead survey tbh and probably doesn’t justify an article.
I mean the literal definition of poor is that they don’t have enough.
The ones who organized the republicans
72% is way too low given how insane the current wealth distribution is. Fully 1/4 of the population have drunk the kool-aid
“I’m going to be rich, soon” they say while they’re considering payment plans for a Taco Bell order.
I think more than 3% of the population considers themselves rich
Most people don’t think of it this way, but if you live in North America or Europe, you are part of the global 1%.
friendly reminder, it would take 1,460,714,285 weeks of minimum wage to earn musks net worth. That’s 27 million years.
Friendly reminder that even someone making $1M per year today still has less true buying power than a 10 year old child laborer earning $1 per hour in the late 1950s
The rich have too much by definition, but billionaires in America have an historically obscene amount of wealth. Wealth inequality in today’s America has surpassed pre-Revolution France.
Why is rich too much? Why can’t we all be rich?
It is a zero sum game. The rich are addicted to power over others despite data showing that even they would be happier in a more equitable society (see TED talk by Richard Wilkinson called “Spirit Level”).
It’s not a zero sum game. If someone is unemployed, they become employed and create some goods or services, they both can spend more money and the business can sell it for more money than they pay out as salary
So you have created wealth that didn’t exist before. It is possible for everyone to be rich, provided we automate enough tasks that nobody is wasting time on menial labor
The money supply is fixed. Government prints money but not to cover new jobs. It is all about transfer of wealth.
We could all be moderately wealthy if Billionaires were not a thing. Basic Income is perhaps feasible too.
Economist Gary Stevenson explains it well. He has over a million views of each video on YouTube.
He is working class as fuck but graduated from LSE & Oxford and then made millions since 2008 betting that inequality will rise and that most people will be worse off. He was the most successful trader for Citibank but quit in disgust and to reveal the scam to the public. Now with a best-selling book.
The government lowers interest rates to increase economic growth and when the inflation is low. Lending increases the money supply because banks are not required to have full reserves. So yes, the Fed actually increases the effective money supply at the correct rate depending on whether they want the economy to grow or to control inflation
The supply in circulation. Bonds are promissory notes. I don’t think the money disappears from ledgers.
The fractional reserve is fixed AFAIK.
Circulation doesn’t matter. Let me give you adb example.
Let’s say my mom sells her house. The buyer takes out a loan from the bank. My mom gets $300,000 in cash to her bank account, the buyer loses 20% down payment so he’s down $60,000. The bank reserves 10% which is $24,000
Suddenly the economy just got a boost of $300,000 - $60,000 - $24,000 = $216,000
When my mom spends that money, it goes to the bank accounts of businesses so it just stays as numbers. Nobody needs to take any cash out, but everyone gets richer
The survey only involved like 950 people and it only defined it as, “the rich” which seems pretty vague. Given the survey also mentions Bezos and Musk it wouldn’t surprise me if that is the group having too much on this survey, not humble millionaires like you and me.
Don’t forget all of the people who will certainly be millionaires in the future! They will definitely not be middle class and delusional for the rest of their lives
Middle-class people will be millionaires.
$1M equates to $40k/year income in retirement at a 4% SWR (safe withdrawal rate). In 2025, that’s not actually a lot, even if you have Social Security on top of it.
If you’re not a millionaire by the time you’re retired, you’re damn near impoverished. The only way for that to count as “middle class” (in the “close to the median income” sense) is if the middle class is destroyed (in the “existing separate and distinct from the lower class” sense).
(INB4 somebody chimes in with “it never was separate and distinct” – yeah, yeah, I know, working-class solidarity and all that. But you get my point, right?)
The difference between a million and a billion is about a billion. So even millionaires look like pathetic poors to Billionaires.
No they don’t, their voting clearly shows the opposite.
“Donald Trump stands up for the little guy like you and me” - the mental giants we’re dealing with
Voting doesnt mean shit.
Assuming the numbers aren’t straight up fake and red team didnt cheat at the last mile.¹
Assuming everyone who wanted to got to²
And most people weren’t so demoralized by every option that remotely represented them or ehat they wanted be ratfucked or blatant lies that just flipped and did the same old shit anyway³
You still have a shitty system made to disenfranchise people by choosing aristocratic proxies rather than members of their communities, keeping them alienated at every step from the actual decision making that effects their lives.
¹you’d have to be dumber than a box of disposable hammers
²delusional, bigoted or both
³have you talked to an american this century? Just read a history book?
Why do you have a bunch of unnecessary sourcing notes with no sources? What’s with the little ones and twos?
They’re called foot notes¹, and while most often used for citing sources¹, they can also be used to include tangential or repeated information without breaking flow, as demonstrated here¹! Also for comedic or other effect.
¹you fool!
Yea I’m aware of foot notes. But you have no notes.
And they’re not comedic.
That obe was an example, and the one you originally commented on was jot meant to be. Was just keeping flow.
Fucking reruns. I’ve seen this one before.
This is the one that ends with rich people’s heads in baskets.
No, this one ends with these same people continuing to vote for Republicans because they’re awful people.
I wish but I dunno… Occupy Wall St fell apart, and I think without a dedicated leftist group organization this is bound to fail as well. The red scare broke any chance of a labor party in the country for generations, and assuming we survive the current dictator (and I’m somewhat optimistic so let’s go with that), I think we’ll be back to status quo soon enough. There was a brief period during lockdown where even normies could somewhat tell that money is all just kinda made up, but that’s a distant memory at this point.
I think the absolute limit of what we can realistically hope for during a regime change is better health care, and don’t get me wrong that would be a huge step in the right direction. But otherwise I don’t have much expectation that we’ll stop being wage slaves, let alone be eating the rich any time soon.
Be nice if they fucking voted that way.
There was no voting that way, that’s the whole damn problem. Neither candidate promised to do anything substantial about wealth inequality.
Only 72%?
no shit Capt. obvious
I guess their solid grasp of racism and bigotry always wins
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