Occupy Wall Street: The Movement Grows

[Preius]

Preius:::



That's really rich... Knocking hedge fund managers in one sentence and bragging about going out and buying gold in another. Being as how your family shelters a MILL or two in corporate cash as a non-profit, but accesses that money "when it's needed for the family" --- Perhaps what's required for you is some professional couch time.. Especially with that propensity for violence that you've displayed here multiple times in one thread..

I'm not a shrink -- but I'm just saying.... Do you even know why hedge funds exist? You should if your Daddy is gonna give you all that loot..

Your comments are a fair criticism. I believe Hedge fund managers are thieves - making money while raping the country with pieces of paper. Your ethics do not have to agree with mine, but you had damn well have a moral compas, or you will not be around me.

I view it this way. I have a barber cut my hair. I have a doctor advise me on health. I have a tax professional to keep the IRS away, and to insure I get fairness under the tax code. When I invest it is not to make money, it is to secure what we have from loss. My stocks run from power companies to John Deere to Kroger (safe bets). No gasoline companies or banks for my own moral/political reasons. Our family financial structure, (I honestly did not think anyone would read me that closely, thank you), existed before I was born. As the first born in a German family, tradition dictates that I am responsible to handle family finances. The family financial set up is not that unusual. I have an uncle who is really good at this stuff, and I lean on him fequently. I really do little. If someone needs a house, I distribute the information, and count the votes. Some have been told to buy a cheaper houses..

I appreciate all this sharing. But you must realize that your situation (and this is NOT a pun) is quite FOREIGN to most of us. ESPECIALLY the concept of being responsible to handle the family finances due SOLELY to the privilege of "being first born". I make no judgement on any of that. But I do find it odd that one who identifies SO INTENSELY with anti-Capitalist memes would feel comfortable being a prime example of "unearned wealth". So if I were to have to any advice and counsel it WOULD be try a psychiatrist couch and/or stop depending on the Uncle for guidance and EARN that responsibility. No evil intended there at all..

I myself have WAS a liberal Democrat until I found out that there was nothing Liberal in the classic sense about that party or philosophy. I am now COMMITTED to fairness in 3rd party access to the ballot and a member of the Libertarian Party (nominally). But I've worked with the Greens as well in acheiving that goal of breaking monopoly control of a corrupt 2 party system. You're not dealing with a party animal here.

But to the more important point. Hedge Funds are NOT corrupt. They are not EVIL. THey are smart finance. It is the practice of balancing a portfolio against risk. Something you look into as you take on the family mantle. Hedge Fund mgrs generally don't hedge for themselves. They do it for others as a service. If they save someone or a corp. $1Bill during a market hiccup -- perhaps they deserve a couple $1MILL tip. You can't have a hedge fund -- if you have nothing to hedge to begin with. In practice, your airline fees are protected by Hedge Funds. Because when fuel prices go up -- the airlines have hedged by INVESTING in FUEL either as a commodity or in the companies that supply that commodity thus reducing the amount of loss they have to pass on to customers. These managers are targeted because they are the nerdly wonks who understand the numbers required to perform this "voodoo magic" on paper. And only leftists that are too stupid to understand the amazing amount of math, reasoning and experience it takes to do that -- would claim they are nothing but parasites..

You are far too polite. The old German concept of the first born male handling the family finances is antiquated and stupid. My college experience is in marketing not finance. I am not the best qualified for this responsibility.

My families resources are probably about 1/1000th the size of the Kennedys. We have resources because of five generations of financial planning, and one family member who did very well between 1940 and 1960. I consider myself middle class, and I think most families have some kind of estate due simply to inheritance.

As far as anti-capitalist attitudes, I have some, but endorse others. Where I come from this is called "Thinking for yourself," not memorizing today's party talking points. I believe the definition of American socialism has yet to be written. My mother raised me with the concept that of those who have more, more is expected. I have had a fortunate life, and probably more of it has been luck than planning. Suffice it to say YOU are having a problem with my unearned wealth, (the extent of which for me was the down payment on my first house, and that is about it), and my socially liberal politics. I live on what I earn. I am quite comfortable with the way I handle my responsibilities and understand my concept of self.

I do not know why you keep pushing the idea of psychiatrists. From my experience these are people who go into the field because they can not solve their own problems, let alone those of others. I will give them credit on grief counseling, one did wonders for me when my mother died.

I think we have discussed my families resources enough, but I will tell you that every dime came from the sweat of the brow, not raping the American economy. Not all wealthy people are greedy. There are actually millionaires who have offered their lives for this country, such as TV Producer and creator of "All in the Family" Norman Lear who was a WWII hero. Norman Lear Official Website After selling the rights to his successful television series he bought an original copy of the Declaration of Independence and displays it at school around our nation at his own cost. Lear also created his own lobbying group, "People for the American Way" with nearly a thousand members now, including me.

Somehow you keep coming back to the idea that because my actions in life contradict my politics that I am a hypocrite and need a shrink. I think of it as flexibility in knowing how to deal effectively depending on where you are. I want the best for others, but understand my real world responsibilities. You almost sound a little jealous.

I have covered the subject of violence, yet you bring it up again. I think you need to do some reading about the Anglo-Saxons, and perhaps King Henry VIII to focus on the reality of America's eurocentric violence. How quickly you seem to have forgotten the scandal of Abu Ghraib Abu Ghraib torture and prisoner abuse - Wikipedia, the free encyclopedia

In conclusion, and stated simply. Hedge fund managers are criminals and should be in jail. If you have any questions I suggest you Google the price of gasoline in the last four years. Again, thank you for your interest in a subject that interests me.

 

[flacaltenn]

Preius::

I am pushing psychiatry on you because I have little respect for that "science" and I wish you harm..

We SHOULD be working on those anti-capitalistic tendencies tho -- so that you might become a better spokesperson for economic and social freedom. But time is up on our session for the week. See the nurse on the way out for your next appointment..

 

[bigrebnc1775]

Are you doing better now than you were during Reagan second term? I was. and that was 25 years ago.

I don't understand if you're saying here that you are or aren't doing better than you were in the late 1980s.

Most people aren't. Most people are a good deal worse off now than they were then. That's the point.

It's a whether simple question no need to back it down word for word.

Are you doing better now than you were in the mid to late 80's
Better or worse.

 

[Preius]

Preius::

I am pushing psychiatry on you because I have little respect for that "science" and I wish you harm..

We SHOULD be working on those anti-capitalistic tendencies tho -- so that you might become a better spokesperson for economic and social freedom. But time is up on our session for the week. See the nurse on the way out for your next appointment..

Why do I get the feeling that when your invitation comes it will be from the Tea Party, not the 99%?

Take a good look around, the Tea Party is fading because, like Obama, they forgot the words that brought them to Washington D. C. The 99% is going global, keep a ticket in mind, it could be your last ride out of financial catastrophe!

Capitalism, don't worry it will get a good cleaning, and will survive right along with the security of socialism and taxpayers replacing some shareholders. (Hell, the Republicans already did the heavy lifting for us in 2008). Get some of your money into precious metals. Most traders take Mastercard for a fast transaction. Slapping political parties, and Wall Street in one movement - priceless.

 

[eots]

[ame=http://www.youtube.com/watch?v=cCRnkamitVk&feature=feedf]An INTENSE moment of TRUTH with MAINSTREAM Media - YouTube[/ame]

 

[georgephillip]

The money in politics will never disappear if voters continue limiting their "choice" to Republican OR Democrat. Any major party incumbent who strays from party consensus on this issue will vanish in her next primary campaign.

There are established third parties like Greens and Libertarians already appearing on millions of ballots across this country. In November of 2012 send Wall Street and the Pentagon a message they can't ignore by FLUSHING hundreds of Republicans AND Democrats from the DC toilet in a single news cycle.

Fire the next shot heard 'round the world.

 

[Katzndogz]

It will be interesting to see what the stock market does tomorrow. obama came out all in for the protesters. It is surely going to have an effect as investors race to get out of whatever they have in mind.

 

[Liability]

The White House continued its embrace of the Occupy Wall Street protests on Sunday, using the strongest terms yet to identify President Barack Obama with the growing movement.

In a call previewing Obama's upcoming bus tour through North Carolina and Virginia, White House spokesman Josh Earnest said Obama "will continue to acknowledge the frustration that he himself shares," about Washington's laggard response to the financial crisis.

Earnest added that while on the trip, Obama will make it clear that he is fighting to make certain that the "interests of 99 percent of Americans are well represented" — the first time the White House has used the term to differentiate the vast majority of Americans from the wealthy.

* * * *

-- White House Draws Closer To Occupy Wall Street, Says Obama Is Fighting For The Interests Of The 99%

This raises the question:

Just exactly how fucking stupid is President Obama?

Is the depth of his stupidity even susceptible to measurement?

 

[georgephillip]

"Nouriel Roubini (born 29 March 1959) is an American economist. He is celebrated for having predicted both the collapse of the United States housing market and the worldwide recession which started in 2008. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm."

Nouriel Roubini - Wikipedia, the free encyclopedia

Dr Doom has some thoughts on the global occupy movements that might be useful to both sides of this debate. For example...

"The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct.

"As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts."

After the Storm: The Instability of Inequality | Truthout

 

[Si modo]

"Nouriel Roubini (born 29 March 1959) is an American economist. He is celebrated for having predicted both the collapse of the United States housing market and the worldwide recession which started in 2008. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm."

Nouriel Roubini - Wikipedia, the free encyclopedia

Dr Doom has some thoughts on the global occupy movements that might be useful to both sides of this debate. For example...

"The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct.

"As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts."

After the Storm: The Instability of Inequality | Truthout

"The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct".
​

As we don't have unfettered financial capitalism, we have little to worry about concerning Marx's prediction.

"As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts."​

As we don't have unregulated capitalism, we have little to worry about concerning this prediction.






Got anything from Nostradamus? Maybe that will be more applicable.

Truthout *snicker*

 

[bigrebnc1775]

"Nouriel Roubini (born 29 March 1959) is an American economist. He is celebrated for having predicted both the collapse of the United States housing market and the worldwide recession which started in 2008. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm."

Nouriel Roubini - Wikipedia, the free encyclopedia

Dr Doom has some thoughts on the global occupy movements that might be useful to both sides of this debate. For example...

"The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct.

but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct.

"As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts."

After the Storm: The Instability of Inequality | Truthout

How is working for the rich redistribution of income and wealth? A poor person that works for the rich never had wealth to begin with, it wasn't their's. The rich hire people who apply for a job. The only money that does not belong to the rich is the money the worker worked for and agreed at the set rate of pay. So tell me george how is that redistribution of income and wealth from labor to the the rich? I'll repeat the only thing that belongs to labor is the set rate that was agreed to at the date of hire.

 

[SFC Ollie]

I do believe a few of us have said this whole thing was carefully planned by the left.........

 

[bigrebnc1775]

I do believe a few of us have said this whole thing was carefully planned by the left.........

I wouldn't say the left. The left just happens to be useful tools in this protest. It more global than just the left I would say it's the global elite pushing this protest. What better way to force the issue than the need to bring an iron fist to control the angry mob. Just my humbble opinion.

 

[Katzndogz]

The White House continued its embrace of the Occupy Wall Street protests on Sunday, using the strongest terms yet to identify President Barack Obama with the growing movement.

In a call previewing Obama's upcoming bus tour through North Carolina and Virginia, White House spokesman Josh Earnest said Obama "will continue to acknowledge the frustration that he himself shares," about Washington's laggard response to the financial crisis.

Earnest added that while on the trip, Obama will make it clear that he is fighting to make certain that the "interests of 99 percent of Americans are well represented" — the first time the White House has used the term to differentiate the vast majority of Americans from the wealthy.

* * * *

-- White House Draws Closer To Occupy Wall Street, Says Obama Is Fighting For The Interests Of The 99%

This raises the question:

Just exactly how fucking stupid is President Obama?

Is the depth of his stupidity even susceptible to measurement?

It's like a black hole. Even light cannot escape. This isn't drinking kool aid. This is a glass of C-4. All it will take is ONE event and it will blow up right in his face with crap all over him. The shitters now think they have presidential protection and no one can touch them. Oh this isn't going to end well at all. Not at all. Will he off himself when it happens?

 

[georgephillip]

"Nouriel Roubini (born 29 March 1959) is an American economist. He is celebrated for having predicted both the collapse of the United States housing market and the worldwide recession which started in 2008. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm."

Nouriel Roubini - Wikipedia, the free encyclopedia

Dr Doom has some thoughts on the global occupy movements that might be useful to both sides of this debate. For example...

"The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct.

"As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts."

After the Storm: The Instability of Inequality | Truthout

"The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct".
​

As we don't have unfettered financial capitalism, we have little to worry about concerning Marx's prediction.

"As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts."​

As we don't have unregulated capitalism, we have little to worry about concerning this prediction.






Got anything from Nostradamus? Maybe that will be more applicable.

Truthout *snicker*

Have you noticed any over-capacity or under-consumption lately?
How about a destructive financial crisis?
Credit bubbles?
Asset price booms and busts?

Roubini had this to say the failure of unregulated markets and Europe's deficit driven welfare states:

"Some of the lessons about the need for prudential regulation of the financial system were lost in the Reagan-Thatcher era, when the appetite for massive deregulation was created in part by the flaws in Europe’s social-welfare model.

"Those flaws were reflected in yawning fiscal deficits, regulatory overkill, and a lack of economic dynamism that led to sclerotic growth then and the eurozone’s sovereign-debt crisis now.

"But the laissez-faire Anglo-Saxon model has also now failed miserably.

"To stabilize market-oriented economies requires a return to the right balance between markets and provision of public goods. That means moving away from both the Anglo-Saxon model of unregulated markets and the continental European model of deficit-driven welfare states..."

After the Storm: The Instability of Inequality | Truthout

 

[Si modo]

"Nouriel Roubini (born 29 March 1959) is an American economist. He is celebrated for having predicted both the collapse of the United States housing market and the worldwide recession which started in 2008. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm."

Nouriel Roubini - Wikipedia, the free encyclopedia

Dr Doom has some thoughts on the global occupy movements that might be useful to both sides of this debate. For example...

"The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct.

"As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts."

After the Storm: The Instability of Inequality | Truthout

"The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct".
​

As we don't have unfettered financial capitalism, we have little to worry about concerning Marx's prediction.

"As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts."​

As we don't have unregulated capitalism, we have little to worry about concerning this prediction.






Got anything from Nostradamus? Maybe that will be more applicable.

Truthout *snicker*

Have you noticed any over-capacity or under-consumption lately?
How about a destructive financial crisis?
Credit bubbles?
Asset price booms and busts?

Roubini had this to say the failure of unregulated markets and Europe's deficit driven welfare states:

"Some of the lessons about the need for prudential regulation of the financial system were lost in the Reagan-Thatcher era, when the appetite for massive deregulation was created in part by the flaws in Europe’s social-welfare model.

"Those flaws were reflected in yawning fiscal deficits, regulatory overkill, and a lack of economic dynamism that led to sclerotic growth then and the eurozone’s sovereign-debt crisis now.

"But the laissez-faire Anglo-Saxon model has also now failed miserably.

"To stabilize market-oriented economies requires a return to the right balance between markets and provision of public goods. That means moving away from both the Anglo-Saxon model of unregulated markets and the continental European model of deficit-driven welfare states..."

After the Storm: The Instability of Inequality | Truthout

First of all, linking to a blog/op-ed from a far left site really isn't proof of much of anything except the opinion of the far left site.

Their predictions fail, except for the unthinking. We do not have unregulated or unfettered markets.

See if you can find something from Nostradumus; at least he seems to get some predictions right.

 

[georgephillip]

The White House continued its embrace of the Occupy Wall Street protests on Sunday, using the strongest terms yet to identify President Barack Obama with the growing movement.

In a call previewing Obama's upcoming bus tour through North Carolina and Virginia, White House spokesman Josh Earnest said Obama "will continue to acknowledge the frustration that he himself shares," about Washington's laggard response to the financial crisis.

Earnest added that while on the trip, Obama will make it clear that he is fighting to make certain that the "interests of 99 percent of Americans are well represented" — the first time the White House has used the term to differentiate the vast majority of Americans from the wealthy.

* * * *

-- White House Draws Closer To Occupy Wall Street, Says Obama Is Fighting For The Interests Of The 99%

This raises the question:

Just exactly how fucking stupid is President Obama?

Is the depth of his stupidity even susceptible to measurement?

It's like a black hole. Even light cannot escape. This isn't drinking kool aid. This is a glass of C-4. All it will take is ONE event and it will blow up right in his face with crap all over him. The shitters now think they have presidential protection and no one can touch them. Oh this isn't going to end well at all. Not at all. Will he off himself when it happens?

Depends on whether ol' Jeff is a shitter or a shifter.

"That absurdity was marked by Barack Obama's choice of Jeffrey Immelt, the CEO of General Electric -- a company that has shifted to foreign countries two-thirds of its workforce and 82 percent of its profits -- to head the president's job creation council."

If a Republican Were President ... | Truthout

Obama is as corporate as Dubya or Bubba.
If this wasn't an election year, OWS would be a third rail in his administration.
Maybe it will turn him into "one and done"?

 

[flacaltenn]

What OWS doesn't understand is that social freedom and economic freedom are 2 sides of the same coin. That money comes from serving others. Having free speech is meaningless if the GOVT has a claim on your wallet and your ability to pursue new ideas and creations. The thousands of custom crafters who make kids toys (my banner below) are a great example of how MORE INTRUSIVE GOVT is as big a threat to freedom as censorship. Good luck designing a HALF free country. Where wealth and income can be stripped by a mob at will..

And when corporations are constantly threatened by the whims of Congress, they too have a right to lobby and defend themselves. Just like those small toy makers do..

 

[georgephillip]

"The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct".
​

As we don't have unfettered financial capitalism, we have little to worry about concerning Marx's prediction.

"As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts."​

As we don't have unregulated capitalism, we have little to worry about concerning this prediction.






Got anything from Nostradamus? Maybe that will be more applicable.

Truthout *snicker*

Have you noticed any over-capacity or under-consumption lately?
How about a destructive financial crisis?
Credit bubbles?
Asset price booms and busts?

Roubini had this to say the failure of unregulated markets and Europe's deficit driven welfare states:

"Some of the lessons about the need for prudential regulation of the financial system were lost in the Reagan-Thatcher era, when the appetite for massive deregulation was created in part by the flaws in Europe’s social-welfare model.

"Those flaws were reflected in yawning fiscal deficits, regulatory overkill, and a lack of economic dynamism that led to sclerotic growth then and the eurozone’s sovereign-debt crisis now.

"But the laissez-faire Anglo-Saxon model has also now failed miserably.

"To stabilize market-oriented economies requires a return to the right balance between markets and provision of public goods. That means moving away from both the Anglo-Saxon model of unregulated markets and the continental European model of deficit-driven welfare states..."

After the Storm: The Instability of Inequality | Truthout

First of all, linking to a blog/op-ed from a far left site really isn't proof of much of anything except the opinion of the far left site.

Their predictions fail, except for the unthinking. We do not have unregulated or unfettered markets.

See if you can find something from Nostradumus; at least he seems to get some predictions right.

Roubini has nailed a few predictions:

"Roubini's critical economic views have earned him the nicknames 'Dr. Doom' and 'permabear' in the media.[1] In 2008, Fortune magazine wrote, 'In 2005 Roubini said home prices were riding a speculative wave that would soon sink the economy...

"The New York Times notes that he foresaw 'homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt'.[1]

"In September 2006, he warned a skeptical IMF that 'the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence, and, ultimately, a deep recession'.

"Nobel laureate Paul Krugman adds that his once 'seemingly outlandish' predictions have been matched 'or even exceeded by reality.'"

Nouriel Roubini - Wikipedia, the free encyclopedia

 

[georgephillip]

"Nouriel Roubini (born 29 March 1959) is an American economist. He is celebrated for having predicted both the collapse of the United States housing market and the worldwide recession which started in 2008. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm."

Nouriel Roubini - Wikipedia, the free encyclopedia

Dr Doom has some thoughts on the global occupy movements that might be useful to both sides of this debate. For example...

"The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct.

but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct.

"As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts."

After the Storm: The Instability of Inequality | Truthout

How is working for the rich redistribution of income and wealth? A poor person that works for the rich never had wealth to begin with, it wasn't their's. The rich hire people who apply for a job. The only money that does not belong to the rich is the money the worker worked for and agreed at the set rate of pay. So tell me george how is that redistribution of income and wealth from labor to the the rich? I'll repeat the only thing that belongs to labor is the set rate that was agreed to at the date of hire.

Forty years ago the richest 1% of Americans earned about 8% of the total annual income of all US workers. Today the figure is close to 25%. The richest 1% control about 40% of total US wealth. There have been more than a few hardworking billionaires arrive on the financial scene since 1970, but they have all benefited from Republicans AND Democrats shifting the tax burden off FIRE sector incomes (Finance, Insurance, Real Estate) and onto wages and salaries.

Many of the strategies that boost investor incomes like outsourcing jobs to China, for example serve to diminish the living standards of US labor. The problem was critical before the credit/housing fraud of 2008, and since that time many of the richest 1% have increased their share of income and wealth.

How much more are they entitled to?
Everything they can steal?