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Politics : Formerly About Advanced Micro Devices

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To: Blasher who wrote (753981)	11/21/2013 5:50:36 PM
From: combjelly	Read Replies (3) of 1577194

I don't work for rich people. True, they are 10 percenters like me. But there aren't any hoarder class here. Just prior to the 1930s, wealth concentrations had reached similar levels. And the economy collapsed. That happens with wealth concentrations. Our economy is consumer driven. Funnel money away from consumers and into the pockets of the hoarder class and the economy slows down. Ever since 1980, it has taken longer and longer for the economy to bounce back. And the delta for the new peak is lower than the previous one. It is what happens when you suck the lifeblood out of the economy. As to the 1970s, that is when the middle class started to stall out. Leading to the 1980s where downward mobility became all the rage. As the 1 percenters started to leech the economy, everyone else has been suffering. Now true, for those of us in tech, things have vastly improved. Engineers rarely became 10 percenters. But, that has been the exceptions. It hasn't been a coincidence that as the 1 percenters started to dominate, the middle class started to slip. And it is only getting worse. We are on the road to being a 3rd world country. But it is because of the 1 percent, not despite them.

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