"The Pitchforks Are Coming… For Us Plutocrats"
Awesome information, and very hard to argue with this guys track record and visions of the past.
Like anyone within the 1%, we typically understand the economic realities of this up-coming trend, and will plan to take advantage of it.
So how to predict "exactly when the pitchforks are coming for us" is the key here. I, like most of the 1%'ers already have "dual citizenship", and those types typically have "contingency plans" if such a "pitchfork instance" were to rise. So how to tell as a sort of a barometer of when the "pitch fork wielding" masses will rise? Thankfully, the author has shared his futuristic insight, and has provided the barometer to watch... And that barometer is....... "pitch fork sales". So the real play here is to figure out "when to leave" and how to make a small fortune in the process.
Come Monday morning. I am taking a large position in "Pitch Fork manufactures and distribution" companies. Anyone that knows anything about "Pitch Forks" is that they are not "large sellers", especially in urban areas. So you got to get a lot of "pitch forks" into a lot of "urban areas". So by investing in publicly traded "pitch fork" manufactures, I will be able to obtain and observe what will widely be an "unrecognized" trend"... Massive increasing sales in "Pitch Forks". Then when the time is right, you simply board a plane, and leave..... The only thing the "Pitch Fork wielders will find is the contrail of the plane" as the landing gear sets down in my country of dual - citizenship", where my money and investment capital is welcomed by the locals with open arms, in countries providing lower tax rates. (See Walgreens in Switzerland). While the US might get a total of 57% of my income in taxes, and a push to claim even more. Other countries see 20% in taxes as "found money", and are damn happy to have it.
The pitch fork wielders show up for me, and I won't be there, but I will make a fortune on the masses buying their silly pitchforks. Thanks for the tip.
But, you miss the most salient point in this article.. That being this:
"Realizing that, seeing over the horizon a little faster than the next guy, was the strategic part of my success. The lucky part was that I had two friends, both immensely talented, who also saw a lot of potential in the web. One was a guy you’ve probably never heard of named Jeff Tauber, and the other was a fellow named Jeff Bezos. I was so excited by the potential of the web that I told both Jeffs that I wanted to invest in whatever they launched, big time. It just happened that the second Jeff—Bezos—called me back first to take up my investment offer. So I helped underwrite his tiny start-up bookseller."
Here this guy was ahead of the curve, but he was able to capitalize on his vision BECAUSE HE HAD SAVED HIS MONEY AND HAD THE SAVINGS TO TAKE THE RISK.
If this guy had blown his money at the bar every weekend, the opportunity of a lifetime would have passed him by. Not because of education, or social status, after all... The guy started as a pillow salesman"
No, he became wealthy because he SAVED and was able to capitalize on an idea or opportunity.
The masses rising up against the 1%'ers is just a fantasy, because the 1%'ers will be way ahead of the game, and have the financial capability to execute it.
The answer to wealth inequality is simple. You don't simply fix it by pay paying someone $10 an hour that used to make $7.50. You have a huge percentage of the population that is addicted to debt. They have, and will always spend more than they make, unless they are educated about how to build wealth and they are willing to make the sacrifices to achieve it.. They key here is to teach people to SAVE, and then invest in the future of themselves and their families. Wouldn't it have been better to have had someone who bought a $800 IPhone in 2007, to have instead bought $800 in AAPL stock?
The disappearing "middle class" began to disappear with the widespread availability of "consumer credit" in the 1980's. The plea by our Government should be.. .SAVE, SAVE, SAVE, not SPEND, SPEND, SPEND.
Moving our taxing system to a model like many, many other developed countries that provide a wide array of "social services". These services are partly funded through a tax model called VAT/GST, which are largely consumption based tax models. This way, Eveyone Pays their fair share... You get paid CA$H under the table? You still pay taxes based on consumption. You consume less, and SAVE MORE, you pay less taxes. You pay less tax.. You SAVE more
This model promotes SAVINGS, and wealth building. Sure the Left complains about it being a "regressive tax", and that it is unfair to the poor. But, it works in those countries that the Left compares the United States to as far as "social safety nets and services go". We want to be just like those countries in some instances, but don't want to be "just like those countries" in the funding schemes of those social services.
Forget about the "1%" and how unfair a VAT/GST would be, the 1% have the greatest ability to leave anyway, and you can't stop them... So..... Let's keep them here, and let's build a system that encourages the 99%'ers to SAVE, so that one day there might have the opportunity to invest in a upstart Amazon become a 1%'er/
Thanks for sharing this space, and I bid everyone a courteous and friendly farewell.
PCSTEL |
