Wealth of Five Richest Men Doubles Since 2020

[Blues Man]

Not since agriculture produced complex societies.
Capitalism has institutionalize the corruption over the past 500 years.

You got it backwards.

Corrupt governments allow outside agents to sway them.

If the government was not corrupt then there would be no allowance for businesses to be corrupt.

 

[georgephillip]

All thanks to globalism

And financialization

America’s FIRE Economy

"We suspect you’ve seen a version of the following chart, which illustrates the secular decline in manufacturing and the rise of finance, insurance, and real estate (FIRE) in proportion to U.S. GDP.

"We’ve added a few years to the data series to give a better historical perspective of what’s taken place in the U.S. economy over the past 60 years.

"Note the crossover in 1986 and depending on where you sit it was either the Death Cross or the Golden Goldman Cross."

 

[Dayton3]

The world's five richest parasites have more than doubled their fortunes from $405 to $869 billion since 2020 while nearly 5 billion people have become even poorer; some parasites eagerly anticipate the globe's first $trillionaire within ten years, but seem indifferent to the claim poverty will not be eradicated for another 229 years:

Wealth of five richest men doubles since 2020 as five billion people made poorer in “decade of division,” says Oxfam | MR Online

"'This inequality is no accident; the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else,' said Oxfam International interim Executive Director Amitabh Behar.'

what's wrong with either of those?

 

[Mac-7]

And financialization

America’s FIRE Economy

"We suspect you’ve seen a version of the following chart, which illustrates the secular decline in manufacturing and the rise of finance, insurance, and real estate (FIRE) in proportion to U.S. GDP.

"We’ve added a few years to the data series to give a better historical perspective of what’s taken place in the U.S. economy over the past 60 years.

"Note the crossover in 1986 and depending on where you sit it was either the Death Cross or the Golden Goldman Cross."

Manufacturing is good for the common man

But strangely libs seem to think employers are only taking advantage of workers unless they are overpaid and underworked

 

[georgephillip]

what's wrong with either of those?

Either of those???
Are you asking what's wrong with billionaires becoming richer at the same time billions of human beings are made poorer?

 

[Dayton3]

Either of those???
Are you asking what's wrong with billionaires becoming richer at the same time billions of human beings are made poorer?

correct

 

[frigidweirdo]

There was a national referendum in the UK on Brexit in 2016.
As far as I know, the US has no legal mechanism for a similar national referendum.
Imho, convincing millions of US voters to pick their House and Senate candidates from third parties is the shortest path to breaking the R&D duopoly in DC.

The UK doesn't have a legal mechanism for a referendum either.

That referendum was non-binging.

People won't pick candidates from third parties because they know their vote will merely help the party they hate the most.

 

[initforme]

Manufacturing is good for the common man

But strangely libs seem to think employers are only taking advantage of workers unless they are overpaid and underworked

Well it's on you to get on the factory line and tell us how great it is. We shall wait.

 

[initforme]

Any manufacturing job in a foreign nation shouldn't be done here for under 3x the pay. At a minimum.

 

[Mac-7]

Well it's on you to get on the factory line and tell us how great it is. We shall wait.

Its real work

Maybe you arent acquainted with that

 

[initforme]

Its real work

Maybe you arent acquainted with that

I'm advocating for a much higher wage per hour. Why aren't you? Want an ametican to do it then pay up.

 

[georgephillip]

Manufacturing is good for the common man

But strangely libs seem to think employers are only taking advantage of workers unless they are overpaid and underworked

Employees and employers find common advantage in an economy where government functions as a fourth factor of production; thereby, reducing the cost of living and doing business by providing free or low-cost education, health care, and housing. Greedy capitalists, by contrast, are only concerned with maximizing profit for the benefit of 10%-20% of society.

Simon Patten on Public Infrastructure and Economic Rent Capture | Michael Hudson

 

[georgephillip]

The UK doesn't have a legal mechanism for a referendum either.

That referendum was non-binging.

People won't pick candidates from third parties because they know their vote will merely help the party they hate the most.

Referendums in the United Kingdom - Wikipedia.

"To date only three referendums have been held which have covered the whole of the United Kingdom. The following is a description of each of the three national referendums."

When has the US held a similar referendum?

If tens of millions of US voters decide to make their House and Senate picks from third-party candidates, dozens (at least) of incumbents from the US Congress will be FLUSHED in a single news cycle.

That will send a message to the rich parasites who believe they own this country they haven't heard in at least a century.

https://digital.library.sc.edu/blog...nstitution-the-rise-of-populism-in-the-1890s/

 

[toobfreak]

some parasites eagerly anticipate the globe's first $trillionaire within ten years

But won't that make them their own country then, requiring them to declare their own territory?

Then we can send the billions of unwashed masses to invade them like the USA.

 

[Captain Caveman]

Tax the FUCK out of them.

Specifically how?

For example, if Tesla release a fantastic new car and it's shares shoot up because of this, Musk's wealth on paper has increased, say by, $2bn. So how would you tax that? The money is where? So say a new Tesla model flumped, shares drop, his wealth drops $2bn, do you give tax back?

So I'm interested in how, "Tax the fuck out of them", is gonna work in the real world?

Millionaires and billionaires are there because people buy their goods and services. If you're against such people, research which companies they have and avoid using those businesses.

 

[Captain Caveman]

The UK doesn't have a legal mechanism for a referendum either.

That referendum was non-binding.

People won't pick candidates from third parties because they know their vote will merely help the party they hate the most.

Correct.

And why I support a Swiss system of government, more direct democracy and less representative.

 

[georgephillip]

You got it backwards.

Corrupt governments allow outside agents to sway them.

If the government was not corrupt then there would be no allowance for businesses to be corrupt.

"Business as usual.

"Corruption is a natural product of capitalism.

"It flourishes and develops under a system which has turned the acquisition of money into its true god.

"Everything is permitted and even admired if it produces the accumulation of wealth, since goods are produced in a capitalist economy to obtain profit not to satisfy human needs."

Corruption: Part and parcel of the capitalist system - Freedom Socialist Party

 

[Blues Man]

"Business as usual.

"Corruption is a natural product of capitalism.

"It flourishes and develops under a system which has turned the acquisition of money into its true god.

"Everything is permitted and even admired if it produces the accumulation of wealth, since goods are produced in a capitalist economy to obtain profit not to satisfy human needs."

Corruption: Part and parcel of the capitalist system - Freedom Socialist Party

Corruption is a natural product of government.

 

[Blues Man]

"Business as usual.

"Corruption is a natural product of capitalism.

"It flourishes and develops under a system which has turned the acquisition of money into its true god.

"Everything is permitted and even admired if it produces the accumulation of wealth, since goods are produced in a capitalist economy to obtain profit not to satisfy human needs."

Corruption: Part and parcel of the capitalist system - Freedom Socialist Party

Even more true

Corruption is the natural result of humanity

Everything humans do becomes corrupted by other humans

 

[Mac-7]

Employees and employers find common advantage in an economy where government functions as a fourth factor of production; thereby, reducing the cost of living and doing business by providing free or low-cost education, health care, and housing. Greedy capitalists, by contrast, are only concerned with maximizing profit for the benefit of 10%-20% of society.

Simon Patten on Public Infrastructure and Economic Rent Capture | Michael Hudson

Good government is hard to find

But when it works as intended it does some good

However when civil servants screw up bad government can be a curse

The private sector is vital to American prosperity and libs are foolish to treat it as the enemy