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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Blasher who wrote (753981)	11/21/2013 3:57:39 PM
From: Tenchusatsu	1 Recommendation Recommended By Blasher Read Replies (1) \| Respond to of 1579131

Blasher, haven't things been so much better since 1980 when the number of rich people (millionaires and billionaires) have been increasing greatly ?? The thing about people like CJ is that their happiness is not defined by how well they are doing or how much their own standards of living has improved since 1980. Instead, their own happiness is defined by how well the so-called "99%" is doing relative to the "one percent." It's completely irrational and founded on class envy, but that's how their mentality has been conditioned by post-modern society. They take all of the progress over the past three decades for granted. As a result, they become depressed over societal ills that they feel they have no power to change, except by voting themselves the public largesse. That way, they feel they can fulfill their obligation to society using resources that they didn't accumulate themselves, but rather acquired via fiat. Tenchusatsu

To: Blasher who wrote (753981)	11/21/2013 5:50:36 PM
From: combjelly	Read Replies (3) \| Respond to of 1579131

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.