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You show me a highly unequal society, and I will show you a police state. Or an uprising.
i was told yes but when that day comes the people will have a revolution and everything will be balanced again the the cycle will resume
originally posted by: HauntWok
This seems fake to me.
I just don't buy it. The rich don't give a damn about what the poor do, they got a bought and paid for government to protect them.
originally posted by: Gazrok
Even in his theoretical police state, without a middle class, the wealthy have no customers, and thus, no more wealth. Something for folks to ponder while sunning on decks of their yachts.
originally posted by: NoRulesAllowed
His premise is to increase the minimum wage and in general to create again a more-affluent middle-class since without a affluent middle-class companies go out of business. As simple as that.
He is correct there and I entirely agree, HOWEVER raising minimum wage alone won't cut it as long as outsourcing and abroad manufacturing is going on. Worse, companies may/will take the higher minimum wage just as another reason to outsource even more. India, Pakistan, China ... This is how I see it.
originally posted by: undo
a reply to: Chiftel
actually if you listened to the "wall street funded the bolshevik revolution" video i posted a few posts back, you would hear that it is corporate socialism, so yes, it's socialist. you just haven't come to grips with the reality of socialism yet.