SUPER RICH

61 comments

Posted on 29th March 2011 by Administrator in Economy |Politics |Social Issues

It still amazes me that a MSM outlet allows Paul Farrell to write such revolutionary articles. I applaud him. He’s got a big set of cajones. His article is full of truth. I think George Carlin and Paul would have gotten along just great.

Tax the Super Rich now or face a revolution

Commentary: A ‘Super-Rich Delusion’ is leading us to ruin

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, tax the Super Rich. Tax them now. Before the other 99% rise up, trigger a new American Revolution, a meltdown and the Great Depression 2.

Revolutions build over long periods — to critical mass, a flash point. Then they ignite suddenly, unpredictably. Like Egypt, started on a young Google executive’s Facebook page. Then it goes viral, raging uncontrollably. Can’t be stopped. Here in America the set-up is our nation’s pervasive “Super-Rich Delusion.”

We know the Super Rich don’t care. Not about you. Nor the American public. They can’t see. Can’t hear. Stay trapped in their Forbes-400 bubble. An echo chamber that isolates them. They see the public as faceless workers, customers, taxpayers. See GOP power on the ascent. Reaganomics is back. Unions on the run. Clueless masses are easily manipulated.

Even Obama is secretly working with the GOP, will never touch his Super Rich donors. Yes, the Super-Rich Delusion is that powerful, infecting all America.

Here’s how one savvy insider who knows described this Super-Rich Delusion: “The top 1% live privileged lives, aren’t worried about much. Families vacation at the best resorts. Their big concerns are finding the best Pilates teacher, best masseuse, best surgeons, best private schools. They aren’t concerned with the underlying deterioration of America or the world, except in the abstract, because they aren’t directly affected by it. That’s not to say they aren’t sympathetic, aware, or don’t talk about the issues you bring up. They are largely concerned with protecting and enhancing their socio-economic positions, ensuring their families live well. And nothing you write about will change things.”

Warning, in 2011 that attitude is delusional, deadly, yet pervasive in America.

Super Rich replaying “Great Gatsby” age, won’t learn till it’s too late

Our top 1% honestly believe they’re immune, protected from the unintended consequences of beating down average Americans for three decades with the free-market, trickle-down Reaganomics doctrines that made them Super Rich.

They honestly believe those same doctrines will protect them in the next depression. Why? Because they have megabucks stashed away. Provisions for the long haul. Live in gated compounds with mercenaries guarding them.

They believe they’ll continue living just fine in a depression. But you won’t. Nor will your retirement. Neither will the rest of America. And still the Super Rich don’t care, “except in the abstract, because they aren’t directly affected.”

Warning: The Super-Rich Delusion has pushed us to the edge of a great precipice: Remember the Roaring Twenties? The Crash of 1929? Great Depression? Just days before the crash one leading economist, Irving Fisher, predicted that stocks had “reached what looks like a permanently high plateau.”

Yes, he was trapped in the “Great Gatsby Syndrome,” an earlier version of today’s Super-Rich Delusion. It was so blinding in 1929 that the president, Wall Street, all America were sucked in … until the critical mass hit a mysterious flash point, triggering the crash.

Yes, we’re reliving that past — never learn, can’t hear. And oddly it’s not just the GOP’s overreach, the endlessly compromising Obama, too-greedy-to-fail Wall Street banksters, U.S. Chamber of Commerce billionaires and arrogant Forbes 400. America’s entire political, financial and economic psyche is infected, as if our DNA has been rewired.

The Collective American Brain is trapped in this Super-Rich Delusion, replaying the run-up to the ’29 Crash.

Nobody predicted 2011 revolutions in the oil-rich Arab world either

Warning: Mubarak, Gaddafi, Ali, Assad, even the Saudis also lived in the Super-Rich Delusion. Have for a long time. Were vulnerable. Ripe for a revolution. They, too, honestly believed they were divinely protected, chosen for great earthly wealth, enjoyed great armies.

Then, suddenly, out of the blue, a new “educated, unemployed and frustrated” generation turned on them, is now rebelling, demanding their share of economic benefits, opportunities, triggering revolutions, seeking retribution.

Still, you don’t believe there’s a depression ahead here in America? The third great market crash of the 21st century? A new economic revolution about to blow up in our faces? No, you don’t believe, can’t believe … you, me, we are all infected by the Super-Rich Delusion, just as Americans were in the Roaring Twenties.

Check the stats folks: The last time America’s wealth gap between the Super Rich and the other 99% was this big was just before the 1929 Crash and the Great Depression.

You can’t remember? Or you won’t? America is trapped in “terminal denial,” a setup for failure. Too many still live in the false hope of this Super-Rich Delusion. Do you believe government stats hyping a recovery? Believe Wall Street’s nonsense about a new bull market ahead? Believe Exxon-Mobile’s misleading ads about energy stocks. Believe Bill Gross’ when he says dump Treasurys, and buy his emerging country bonds? Dream on.

Start preparing for the third meltdown of the 21st Century, and depression

Denial and lies. Remember, 93% of what you hear about markets, finance and the economy are guesses, wishful thinking and lies intended to manipulate you into making decisions that suck money from your pockets into Wall Street. They get rich telling lies about securities. They hate any SEC fiduciary rules forcing them to tell the truth.

But the fact is, on an inflation-adjusted basis, Wall Street lost 20% of your retirement money in the decade from 2000 to 2010, over $10 trillion. And “Irrational Exuberance’s” Robert Shiller warns of a third meltdown coming. You better start preparing now.

Before you start betting any more at Wall Street’s rigged casinos, think long and hard about these six megatoxins lurking in America’s Super-Rich Delusion, a mind-altering pandemic infecting our nation’s leadership in Washington, Corporate America and Wall Street … but also “trickling down,” infecting many Americans. Listen:

1. Warning: Super Rich want tax cuts, creating youth unemployment

Bloomberg warns: “The Kids Are Not Alright.” Worldwide, youth unemployment is fueling the revolution. In a New York Times column, Matthew Klein, a 24-year-old Council on Foreign Relations researcher, draws a parallel between the 25% unemployment among Egypt’s young revolutionaries and the 21% for young American workers: “The young will bear the brunt of the pain” as governments rebalance budgets. Taxes on workers will be raised and spending on education will be cut while mortgage subsidies and entitlements for the elderly are untouchable,” as will tax cuts for the rich. Opportunities lost. “How much longer until the rest of the rich world” explodes like Egypt?

2. Warning: rich get richer on commodity prices, poor get angrier

USA Today’s John Waggoner warns: “Soaring food prices send millions into poverty, hunger: Corn up 52% in 12 months. Sugar 60%. Soybeans 41%. Wheat 24%. For 44 million the “rise in food prices means a descent into extreme poverty and hunger, warns the World Bank.” Many causes: Speculators. Soaring oil prices. Trade policies. Population explosion. But altogether they expose “the underlying inequalities and issues related to the standard of living that boil beneath the surface,” says a Pimco manager.

3. Warning: Global poor ticking time bomb targeting Super Rich

A Time special report, “Poor vs. Rich: A New Global Conflict” warned that a “conflict between two worlds — one rich, one poor — is developing, and the battlefield is the globe itself.” Just 25 developed nations of 750 million citizens consume most of the world’s resources, produce most of its manufactured goods and enjoy history’s highest standard of living.” But they’re now facing 100 underdeveloped poor nations with 2 billion people with hundreds of millions living in poverty all demanding “an ever larger share of that wealth.” Think Egypt. British leader calls this a “time bomb for the human race.”

4. Warning: Next revolution coming across ‘Third World America’

We are ripe for one: In “Third World America” Arianna Huffington warns: “Washington rushed to the rescue of Wall Street but forgot about Main Street … One in five Americans unemployed or underemployed. One in nine families unable to make the minimum payment on their credit cards. One in eight mortgages in default or foreclosure. One in eight Americans on food stamps. Upward mobility has always been at the center of the American Dream … that promise has been broken… The American Dream is becoming a nightmare.” Soon it will implode. a meltdown, revolution, depression.

5. Warning: Super Rich must be detoxed of their greed addiction

In “Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You With the Bill),” David Cay Johnston, warns that the rich are like addicts, and to “the addicted, money is like cocaine, too much is never enough.” A few years ago an elite 300,000 Americans in “the top tenth of 1% of income had nearly as much income as all 150 million Americans who make up the economic lower half of our population.” The Super Rich Delusion is an addiction that requires a painful detox.

6. Warning: Politicians infected by Super-Rich Delusion, revolution

In “Washington’s Suicide Pact,” Newsweek’s Ezra Klein warns: “Congress is careening toward the worst of all worlds: massive job losses and an exploding deficit.” How bad? As many as 700,000 more jobs lost, says Moody’s chief economist, Mark Zandi. What a twist: Remember vice president Dick Cheney said “deficits don’t matter.” Today the GOP is so blinded by its obsession to destroy Obama’s presidency, deficits are now the only thing they say matters.

Wake up folks. The Super-Rich Delusion is destroying the American Dream for the rest of us. The Super Rich don’t care about you. They’re already stockpiling for the economic time bomb dead ahead. Don’t say you weren’t warned. Time for you to plan ahead for the coming revolution, for another depression.

61 Comments
  1. Pirate Jo says:

    So, the super-rich “aren’t worried about much.” “They aren’t concerned with the underlying deterioration of America or the world, except in the abstract,” because instead, “They are largely concerned with protecting and enhancing their socio-economic positions, ensuring their families live well.”

    Dude, that’s not just the super-rich, that’s freaking EVERYBODY at EVERY wealth and income level. How many Americans really worry about much except the fall TV lineup and the trivial daily concerns of their own families?

    The Super-Rich Delusion is destroying the American Dream for the rest of us? The Super Rich don’t care about you?

    Clue-by-four, you myopic retard, Americans, compared to most of the rest of the world, ARE the Super Rich! “The rest of us” isn’t us, it’s the Middle East and developing 3rd world countries.

    If you get your food at a grocery store that’s within five miles of your house and get enough to eat, you are part of the world’s super rich!

    Well-loved. Like or Dislike: Thumb up 12 Thumb down 4

    29th March 2011 at 2:44 pm

  2. StuckInNJ says:

    I’d be happier with this title; “KILL the super rich now or face a revolution”.

    But let’s be real. The super rich are Untouchable. They have their fortresses (literally and figuratively) that keep peons like you and me at bay. I would love to be wrong, but I doubt I am.

    He mentions the revolutions in the ME. Big deal. Revolutions, yes. Change you can believe in? Not so much. At best, just more of the same old shit. At worst, worse shit than the old shit. THAT is the status of the ME revolutions.

    Look at Egypt. The ONLY thing they got rid of is the very tippy-top of the iceberg. 99.99% of the bullshit is still there. The super-rich have their own banks, their own security, their own everything … just like here.

    The Super Rich in Egypt Still Ruling the Joint —>
    http://www.guardian.co.uk/world/2011/feb/13/defeated-mubarak-sharm-el-sheikh

    Like or Dislike: Thumb up 2 Thumb down 3

    29th March 2011 at 2:48 pm

  3. Anonymous says:

    Now we call them the super rich. What a crock of shit. Why not get our government to adhere to its intended purpose? Government intervention in the lives of once free Americans is what will bring on a revolution. No worries though…the full economic collapse will be here soon and all the parasites will perish.

    Like or Dislike: Thumb up 3 Thumb down 4

    29th March 2011 at 3:16 pm

  4. Dave says:

    “SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, tax the Super Rich. Tax them now. Before the other 99% rise up, trigger a new American Revolution, a meltdown and the Great Depression 2.”

    And do what with the money? Use it to pay down the debt? Fuck no. Unless you’re prepared to give it to the masses through new entitlement programs, you’ll get a revolution anyway. Let the Free Shit flow!

    Like or Dislike: Thumb up 4 Thumb down 1

    29th March 2011 at 3:19 pm

  5. Reverse Engineer says:

    You have to wait for the failure of the monetary system to rid yourself of the Super Rich. this is what occurred at the end of the Roman Empire and to an extent on a local level at the time of the French Revolution and the Bolshevik Revolution.

    In this case, the failure will be on a Global level and there will be no functioning money of any kind, just barter. The Super Rich will for the most part be eaten alive, often by their own security personnel when they can no longer pay them.

    Just be patient folks, its Coming Soon to a Theatre Near You.

    RE

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    29th March 2011 at 3:19 pm

  6. Plato_Plubius says:

    @ Admin

    you said, “It still amazes me that a MSM outlet allows Paul Farrell to write such revolutionary articles.”

    If you believe as I do, then this shouldn’t amaze you. Stoking the flames of revolution is in the gameplan. The means to get to the end that some factions of TPTB desire require civil unrest. This way the “new” government will come in to save the day….NOT!! Again, this is all part of the gameplan. As George Carlin was quoted as saying, “The game is rigged”

    here is the entire quote I was referencing…I would not do it justice paraphrasing. Carlin had a way with words didn’t he?!

    Forget the politicians. The politicians are put there to give you the idea that you have freedom of choice . . . you don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own, and control the corporations. They’ve long since bought, and paid for the Senate, the Congress, the state houses, the city halls, they got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear. They got you by the balls. They spend billions of dollars every year lobbying . . . lobbying, to get what they want . . . Well, we know what they want. They want more for themselves and less for everybody else, but I’ll tell you what they don’t want . . . they don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that . . . that doesn’t help them. That’s against their interests. That’s right. They don’t want people who are smart enough to sit around a kitchen table and think about how badly they’re getting fucked by a system that threw them overboard 30 fuckin’ years ago. They don’t want that. You know what they want? They want obedient workers . . . Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money. They want your fuckin’ retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it . . . they’ll get it all from you sooner or later cause they own this fuckin’ place. It’s a big club and you ain’t in it. You and I are not in The big club. By the way, it’s the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long beating you over the head with their media telling you what to believe, what to think and what to buy. The table has tilted folks. The game is rigged and nobody seems to notice. Nobody seems to care. Good honest hard-working people . . . white collar, blue collar it doesn’t matter what color shirt you have on. Good honest hard-working people continue, these are people of modest means . . . continue to elect these rich cocksuckers who don’t give a fuck about you. They don’t give a fuck about you . . . they don’t give a fuck about you. They don’t care about you at all . . . at all . . . at all, and nobody seems to notice. Nobody seems to care. That’s what the owners count on. The fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that’s being jammed up their assholes everyday, because the owners of this country know the truth. It’s called the American Dream cause you have to be asleep to believe it . . .”

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    29th March 2011 at 3:22 pm

  7. newsjunkie says:

    RE,

    The super-rich spent years amassing gold at manipulated below-market prices. Of course they’ll be fine, and probably happy to bring in Ron Paul now.

    Hot debate. What do you think? Thumb up 4 Thumb down 4

    29th March 2011 at 3:24 pm

  8. Plato_Plubius says:

    We must remember what Marx suggested about the poor…not the proletariat but the poor….They are a reactionary class…I think in large part due to the assistance provided to them by the current establishment at that time…The majority, not all, of the poor will side with the victor.

    Like or Dislike: Thumb up 2 Thumb down 0

    29th March 2011 at 3:25 pm

  9. Dave says:

    “Bloomberg warns: “The Kids Are Not Alright.” Worldwide, youth unemployment is fueling the revolution. In a New York Times column, Matthew Klein, a 24-year-old Council on Foreign Relations researcher, draws a parallel between the 25% unemployment among Egypt’s young revolutionaries and the 21% for young American workers:”

    Yes, where’s my job? It’s my right to have a job! If there isn’t a private entrepreneur job out there it is the government’s responsibilty to start a factory so I can have a job. I’m also entitled to living quarters, transportation, and health care. They had all that stuff in the Soviet Union and look how happy all those people were.

    Like or Dislike: Thumb up 2 Thumb down 1

    29th March 2011 at 3:25 pm

  10. Plato_Plubius says:

    @ Anon

    you said, ” all the parasites will perish”

    You really believe that all the parasites will perish?! I wish that were true but I seriously doubt it!

    Like or Dislike: Thumb up 1 Thumb down 0

    29th March 2011 at 3:28 pm

  11. Reverse Engineer says:

    “Yes, where’s my job? It’s my right to have a job! If there isn’t a private entrepreneur job out there it is the government’s responsibilty to start a factory so I can have a job. I’m also entitled to living quarters, transportation, and health care. They had all that stuff in the Soviet Union and look how happy all those people were”-Dave

    Ideological claptrap. The monetary system is collapsing, thus there is no credit available for people to start up companies to employ people. It has nothing to do with the Soviet Union. What you wrote is meaningless nonesense that does not reflect the actual monetary situation. Please move out of the Cold War and into the modern era. Thanks.

    RE

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    29th March 2011 at 3:29 pm

  12. StuckInNJ says:

    RE — you are Napalming!! You said you wouldn’t do that anymore.

    Hot debate. What do you think? Thumb up 7 Thumb down 7

    29th March 2011 at 3:33 pm

  13. Plato_Plubius says:

    Here are some of the super rich in action preventing a reporter from mingling with $500 a plate guests. Guess who was the keynote speaker?! Joe Biden! I wonder how much he got paid for speaking?

    (2 minute gma coverage of situation)
    http://news.yahoo.com/video/politics-15749652/closed-press-biden-reporter-kept-in-closet-24686799

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    29th March 2011 at 3:36 pm

  14. Reverse Engineer says:

    @newsjunkie

    It doesn’t matter how much Gold they have accumulated in a monetary system failure. There won’t be anything to buy with the gold. Its just a barter item in this scenario, and not all that great a barter item either. Monetary system failure crshes all trade in everything. Read the Book Revelation 18 for an account of how it went down in Babylon:

    9And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning,

    10Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.

    11And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:

    12The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble,

    13And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men.

    14And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all.

    15The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing,

    16And saying, Alas, alas that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls!

    17For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,

    18And cried when they saw the smoke of her burning, saying, What city is like unto this great city!

    19And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

    20Rejoice over her, thou heaven, and ye holy apostles and prophets; for God hath avenged you on her.

    21And a mighty angel took up a stone like a great millstone, and cast it into the sea, saying, Thus with violence shall that great city Babylon be thrown down, and shall be found no more at all.

    RE

    Hot debate. What do you think? Thumb up 5 Thumb down 3

    29th March 2011 at 3:38 pm

  15. Reverse Engineer says:

    “RE — you are Napalming!! You said you wouldn’t do that anymore”-Stuck

    Not so. I attacked the ideas, I said nothing about Dave.

    RE

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    29th March 2011 at 3:40 pm

  16. Imaginaruim says:

    Has anybody seen this? The road to serfdom. . .

    CNN/Fortune -> Unpaid jobs: The new normal?

    http://management.fortune.cnn.com/2011/03/25/unpaid-jobs-the-new-normal/

    Like or Dislike: Thumb up 2 Thumb down 0

    29th March 2011 at 3:41 pm

  17. Anonymous says:

    Plato: yes I do believe that. Parasites go beyond the obvious free shit getters. I also include all the folks who think food grows on store shelves and computers exist just like rocks and jobs are given instead of earned. My only hope for the future of my kids is a full collapse. The parasites will disappear quick and their numbers will decrease. I remind my kids every day it will be up to them to rebuild our country. Of course they laugh at me but I know they get it.

    Like or Dislike: Thumb up 2 Thumb down 0

    29th March 2011 at 3:46 pm

  18. bigargon says:

    The super rich are a matter of perspective. To us the super rich would be a Bill Gates. to the somebody in Yemen all the United states would be the super rich.

    lets face the facts the Super -rich have NEVER been taxed. You tax them and they just move their money.

    plus lets face it this whole government is captive to big money. It going to require a total catastrophe for any real change at this point. My belief is it will get whole lot worse.

    when this whole rotten structure collapses, people will call out for some one to save them. That is when the Anti-Christ will appear.

    Like or Dislike: Thumb up 3 Thumb down 0

    29th March 2011 at 5:17 pm

  19. Colma Rising says:

    Leftvwing revolutionary drivel. Jealousy turned alarmism. For lack of better words, “Unauthenticated specious garbage”.

    PFES

    Hot debate. What do you think? Thumb up 2 Thumb down 8

    29th March 2011 at 5:29 pm

  20. newsjunkie says:

    RE,

    Revelations doesn’t mean anything to me. It’s just as likely to be a recipe as a prediction.

    Like or Dislike: Thumb up 3 Thumb down 1

    29th March 2011 at 6:07 pm

  21. Pirate Jo says:

    RE:
    And Saint Attila raised the hand grenade up on high, saying, ‘O Lord, bless this Thy hand grenade that, with it, Thou mayest blow Thine enemies to tiny bits in Thy mercy.’ And the Lord did grin, and the people did feast upon the lambs and sloths and carp and anchovies and orangutans and breakfast cereals and fruit bats and large chu–

    newsjunkie:
    Skip a bit, Brother.

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    29th March 2011 at 6:22 pm

  22. KaD says:

    “Warning: Super Rich must be detoxed of their greed addiction”

    How the hell is THAT going to happen??? I don’t see any cure for their greed aside from DEATH.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    29th March 2011 at 7:02 pm

  23. Dave says:

    RE…should I have spelled out SARCASM for you?

    Like or Dislike: Thumb up 1 Thumb down 0

    29th March 2011 at 7:19 pm

  24. Opinionated Bloviator says:

    I have a better suggestion – uphold the rule of law AND let capitalism WORK. Stop rewarding FAILURE and punishing success via BAILOUTS, enforce the law of title to fix the mortgage mess – No clear title, no claim to the mortgage OR the house, even if your name is JPMorgan or Citigroup.

    Break up the TBTF banks NOW – It their Lawlessness, Corruption and Looting that is driving the United States off the cliff face.

    No Star Chambers!, His royal highness Obama is as answerable to the rule of law as are the peasants – politically driven wealth confiscation DID NOT work in Russia in the 1990′s, it will NOT work here.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    29th March 2011 at 7:42 pm

  25. Reverse Engineer says:

    @nj
    That particular passage isn’t a prediction, it’s an account of history. It’s talking about market crash in mesopotamia 2000 years or so before Rome. Notice there was no buyers of gold or silver.

    RE

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    29th March 2011 at 7:49 pm

  26. Reverse Engineer says:

    Mea Culpa Dave

    RE

    Like or Dislike: Thumb up 0 Thumb down 0

    29th March 2011 at 7:51 pm

  27. Reverse Engineer says:

    @pj
    As long as there are grenades, best bet is Run Away. Wait until the fight is with trebuchets.

    RE

    Like or Dislike: Thumb up 0 Thumb down 0

    29th March 2011 at 7:57 pm

  28. plato_plubius says:

    @Anon

    What do you call the uber rich? Are they not parasites? This is what I meant when I disagreed with you that “all the parasites will perish”

    Those uber rich pulling the strings have looted and robbed far more money/wealth than the parasite at the bottom who might be cheating someway to get SNAP benefits or something along those lines…

    Last I checked, trillions of dollars of debt were placed on the U.S. taxpayer who by and large is not considered uber rich. These rich fuckers will just jump ship to another country where they have a villa! They hold no allegiance to any country.

    Reminds me of the quote from Jefferson:

    “Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.”

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    29th March 2011 at 8:27 pm

  29. Surly1 says:

    The French developed quite a system for eliminating the vast inequalities of wealth in the 18th century. . . the guillotine.

    Of course, a popular uprising mwill play night into the hands of TPTB, since the state has a Monopoly on the use of deadly force, and a whole host of exotic new, Iraq-tested toys to deploy. The best way to win is, as Sun Tzu recommended, “to not fight.” Don’t spend, stay home, save and use credit unions, and to the fullest extent possible opt out.

    Not easy to do.

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    29th March 2011 at 9:48 pm

  30. Reverse Engineer says:

    Just wait for the failure of the conduit of money you will know it when it comes.

    RE

    Like or Dislike: Thumb up 1 Thumb down 0

    29th March 2011 at 10:54 pm

  31. Anonymous says:

    Bunkers or not. Take away the basics….food, water, and power and the uber rich will come out.

    Like or Dislike: Thumb up 4 Thumb down 0

    29th March 2011 at 11:15 pm

  32. llpoh says:

    Let’s tax everyone who has more than us more! That is the answer! The fact that the top 1 percent already pay, what, 40 percent of all personal taxes should be ignored. That they pay a huge percentage of company tax – let’s ignore that too. Fuck ‘em. That their invested capital is used to create jobs – screw that as well.

    What a load of shit. Of course there are horrible inequities that need fixed. But even if you take ALL their money, it won’t fix the problems. Fifty percent of the population pays effectively NO tax. How about we address that first? How about we break the free shit culture? What say we figure out how to address teen pregnancy and single parent households? What say we get the fuck out of all the wars i- now wouldn’t THAT save some money for debt payment or proactive distribution?

    I repeat what a load of shit. Take from those willing to work and invest and give it to those who aren’t. Now there’s a fucking brilliant plan.

    Hot debate. What do you think? Thumb up 7 Thumb down 15

    29th March 2011 at 11:50 pm

  33. brann says:

    meet the new boss,same as the old boss

    Like or Dislike: Thumb up 1 Thumb down 0

    29th March 2011 at 11:53 pm

  34. brann says:

    ayn rand was a third rate author

    Hot debate. What do you think? Thumb up 2 Thumb down 6

    29th March 2011 at 11:55 pm

  35. Anonymous says:

    Way off topic – SORRY!!!

    Just an FYI to all but I just tried the Dollar Collapse link on the site here and my internet security (Kaspersky) denied access due to a Trojan. Access at your own risk.

    Like or Dislike: Thumb up 0 Thumb down 0

    29th March 2011 at 11:58 pm

  36. Reverse Engineer says:

    50% pays no tax? Because they have nothing worth taxing! how about we strip the assets of everyone who has something w orth taxing

    RE

    Like or Dislike: Thumb up 4 Thumb down 3

    29th March 2011 at 12:37 am

  37. Anonymous says:

    @Plato

    The uber rich I have known I usually called boss. The uber poor have never provided a job for me. A large portion of the money I have made was confiscated by the government. It is our government which sets up the rules that allow unethical businesses to prosper. The collapse is coming. None of this will matter. What will matter is what’s on the other side. I’m prepared.

    Like or Dislike: Thumb up 4 Thumb down 0

    29th March 2011 at 1:22 am

  38. Anonymous says:

    RE: how bout letting me decide how long I want to live and how much I want to make and you do the same for you. We can create a government that makes sure you don’t fuck with me and I don’t fuck with you and no one fucks with either one of us.

    Like or Dislike: Thumb up 2 Thumb down 2

    29th March 2011 at 1:39 am

  39. Surly1 says:

    When the government breaks down, we’ll have government by warlord. Think Somalia for an idea of what the perfect libertarian future looks like.

    New Mogadishu. There’s a concept.

    Like or Dislike: Thumb up 3 Thumb down 2

    29th March 2011 at 7:13 am

  40. Administrator says:

    llpoh

    I’d rather focus on GE making $14 billion and getting a net tax refund.

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 0

    29th March 2011 at 7:36 am

  41. eugend66 says:

    Or industrialsm vs corporatism, where the nasties lurk.

    Like or Dislike: Thumb up 0 Thumb down 0

    29th March 2011 at 8:27 am

  42. eugend66 says:

    Anon, at 11:58PM,

    Dollar Collapse seems to be OK. I clicked the link at 08:25, TBP`s time or
    15:30 GMT+2 hrs. Admin, Google clicked for you too.

    Like or Dislike: Thumb up 0 Thumb down 0

    29th March 2011 at 8:37 am

  43. eugend66 says:

    TBP`s time should look: 08:25 AM.

    Like or Dislike: Thumb up 0 Thumb down 0

    29th March 2011 at 8:38 am

  44. Novista says:

    As I recall from the 2010 Forbes-400 list, the total wealth is $1.37 trillion with a T.

    OK, we take it all and see how far is goes … right?

    Like or Dislike: Thumb up 0 Thumb down 0

    29th March 2011 at 8:52 am

  45. Plato_Plubius says:

    @ Surly1…reminds me of Igor Panarin’s “prediction” that the U.S. will collapse by 2011…well it’s 2011 and it hasn’t happened, but perhaps Panarin underestimated the ability of those in power to kick the can down the road a bit longer…

    here is a yt of him speaking about his predictions and why he believes what he believes:
    http://www.youtube.com/watch?v=3yRzQz0KMyI

    His beliefs also eerily resemble the storyline behind that t.v. show “Jericho” …If you remember, in that show, nuclear bombs go off in multiple cities and it turns into a regional conflict with different factions vying for power. Very interesting similarities.

    Like or Dislike: Thumb up 0 Thumb down 0

    29th March 2011 at 11:06 am

  46. StuckInNJ says:

    ” ..how about we strip the assets of everyone who has something worth taxing ” — RE

    TRANSLATION: “You have more shit than me?? Well, fuck you!! ”

    Class envy at it’s finest.

    You people who voted thumbs up on that should be ashamed of yourselves.

    RE, call yourself whatever you want — a rose by any other name is still a rose — but you are a bonafide fuckin Communist to the core.

    Hot debate. What do you think? Thumb up 6 Thumb down 2

    29th March 2011 at 11:49 am

  47. Pirate Jo says:

    Agreed, Stuck. He has flat-out stated that he thinks it’s evil to accumulate more than a certain amount of wealth. I can’t remember what the dollar amount was – it’s irrelevant anyway. People who make such a completely asinine statement invariably pick a number that is just slightly greater than the amount they themselves will ever accumulate. Some crooks are poor, others are rich. I despise them for being crooks and no other reason.

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 1

    29th March 2011 at 12:03 pm

  48. Reverse Engineer says:

    @Stuck & PJ

    Wait until you read the coming Rant. I have still more money now I have to do something worthwhile with.

    Anyhow, I would hope the Pigmen would give their money away to help others voluntarily, but if they don’t volunteer, you volunteer for them. I think of this less as Communism than I do Robin Hoodism :-)

    RE

    Hot debate. What do you think? Thumb up 4 Thumb down 6

    29th March 2011 at 12:19 pm

  49. jmarz says:

    Stuck

    Your dead on.

    RE

    “50% pays no tax? Because they have nothing worth taxing! how about we strip the assets of everyone who has something w orth taxing ”

    This statement will haunt you from now on. You don’t believe in private property rights and now you want socialism. Wow! Your commentaries are very long but a man only needs a few words to get his point across. This is just one instance to prove this point. Please tell me what you would do with the assets that are stripped from everyone who has something WORTH taxing. Give it to the government so they can give it to the FSA? I pay too much in taxes and I’m an average middles class American. I have worked my ass off. I could easily choose to be in the FSA but I made the choice and effort to not go down that path. Why did I make that decision? I had an incentive to work harder and smarter so that I could provide a better life for myself. Stipping assets from everyone who has some worth taxing is the exact opposite. Unbelievable….

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 1

    29th March 2011 at 12:23 pm

  50. Reverse Engineer says:

    @Jmarz

    I hardly worry about being haunted by statements I have made. I See Dead People. On the haunting scale, they are a lot scarier. LOL.

    Anyhow, the fact of the matter is you cannot raise any money by taxing people who have nothing worth taxing. 100% of Zero is still Zero. So, since we have a bill here of a couple of trillion collars, to pay it off somebody has to be taxed, and its not the poor people. You have to ta the people who have the money. The Rich. There is no other solution as long as you run the monetary system. End of story bud, you cannot fight the math. Sorry.

    RE

    Like or Dislike: Thumb up 3 Thumb down 2

    29th March 2011 at 12:29 pm

  51. Anonymous says:

    One smart fellow that reverse engineer…..

    Like or Dislike: Thumb up 2 Thumb down 3

    29th March 2011 at 12:40 pm

  52. StuckInNJ says:

    “ … you cannot raise any money by taxing people … you cannot fight the math.” —> RE

    Too bad you left out HALF of the equation, REDUCE spending.

    Eliminate trillion dollars wars.
    Eliminate 650 of the 700 overseas military bases.
    Eliminate the Dept. of Education
    Eliminate the Dept. of Energy
    Eliminate 15 of the 19 spy agencies.
    Eliminate the IRS and incorporate a flat tax.
    Kill bankers. (gratuitous cheap shot)

    That’s a good start.

    YOU are the one who needs math lessons.

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 0

    29th March 2011 at 12:58 pm

  53. jmarz says:

    RE

    “You have to ta the people who have the money. The Rich. There is no other solution as long as you run the monetary system. End of story bud, you cannot fight the math. Sorry.”

    I’m not sure what your definition of rich is but I do know the government’s definition and it is a joke. I don’t believe in socialism so we are going to disagree on this issue. There are other solutions. Taxing the “rich” is the worse solution. How about we start with slashing government? That would be the best start.

    Like or Dislike: Thumb up 5 Thumb down 1

    29th March 2011 at 12:59 pm

  54. Reverse Engineer says:

    Slashing your expenses doesn’t pay off a Bill you already accumulated, it just will slow down accumulating a larger bill than you already have.

    Slashing expenditures will also slash the Tax revenue, so you will now have less money to pay off your old bills. This because Goobermint expenditures mostly end up spent out as payroll on some company contracting with Da Goobermint. As you cut Goobermint expenditures, more jobs will disappear from the economy.

    So the only way to pay off the old bills is with the savings previously accumulated. Who has the savings? You guessed it, the Rich. Poor People have no savings. So if the bills are going to be paid off, it has to be from the savings of the Rich.

    If you don’t pay off the debt, then the currency goes worthless, in which case the Rich won’t be rich anymore.

    You can’t fight the Math.

    RE

    Like or Dislike: Thumb up 2 Thumb down 1

    29th March 2011 at 1:09 pm

  55. StuckInNJ says:

    What are the total assets of the rich?

    What is the total debt?

    Do the math and you’ll see that if you took every penny from the rich, it would hardly put a dent in the debt.

    Like or Dislike: Thumb up 1 Thumb down 0

    29th March 2011 at 1:30 pm

  56. Reverse Engineer says:

    Actually, somebody came up with the total for the Forbes top 400 as being around $1.3T, which covers more than half the outstanding debt. I bet if you went 1000 deep in the Fattest Pigs, you could knock off the whole debt.

    RE

    Like or Dislike: Thumb up 3 Thumb down 4

    29th March 2011 at 1:39 pm

  57. Administrator says:

    RE

    The national debt is $14.3 trillion and we have $100 trillion of unfunded bennies.

    Like or Dislike: Thumb up 3 Thumb down 0

    29th March 2011 at 2:08 pm

  58. Reverse Engineer says:

    @Admin

    I was just thinking of paying off the Chinese and screwing everyone else. LOL.

    As you point out though, our actual debt is more than everyone in the country is worth, therefore we are collectively BK an there ARE no Super Rich people. They just don’t know that yet.

    RE

    Like or Dislike: Thumb up 4 Thumb down 0

    29th March 2011 at 2:13 pm

  59. KaD says:

    Here’s one reason why they’re super rich:

    Big Banks Save Billions As Homeowners Suffer, Internal Federal Report By CFPB Finds

    http://www.huffingtonpost.com/2011/03/28/big-banks-save-billions-homeowners-suffer_n_841712.html

    Like or Dislike: Thumb up 1 Thumb down 0

    29th March 2011 at 4:54 pm

  60. howard in nyc says:

    Reverse Engineer said: “@Admin–I was just thinking of paying off the Chinese and screwing everyone else. LOL.”

    now, you reverse engineer that sentence, and you are on to something.

    Like or Dislike: Thumb up 1 Thumb down 0

    29th March 2011 at 4:56 pm

  61. Iowan says:

    I don’t get the argument that getting taxed more makes people fucking lazy and not want to work more. Mostly it just breeds bullshit like the GE case study points out. Creative accounting. When did anyone ever get up and say “Fuck It –I’m not gonna do shit today because my taxes are too high”? I want evidence that people are out loafing about because tax rates are too high.

    Mostly high taxes screws the moderately wealthy, those with without the time and extra money to hire a whole legion of bean counters and tax lawyers to do their bidding. This isn’t news here on TBP, I don’t imagine.

    I’m a lower taxes, but to stick it to those that don’t pay. Flat tax rates across the board, but if you miss your payments by some significant margin, you get royally screwed.

    But let’s be real Gentlefolks, low taxes aren’t suddenly going to completely avert the peak energy disaster that we’ve got coming down the pipe at us. Not fixing the system by raising taxes and cutting spending is just going to exacerbate the disaster when it does hit.

    Like or Dislike: Thumb up 0 Thumb down 0

    29th March 2011 at 10:53 pm

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