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Who are the 1%?

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posted on Oct, 14 2011 @ 02:43 AM
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Capitalism is over, Socialism is over, Communism is over, Fascism is over...

Next step is Globalism and Cooperativism mixed with Environmentalism...




posted on Oct, 14 2011 @ 02:48 AM
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reply to post by projectvxn
 


The rich - elite are the 1%

What is the medium though? Is it the entire popn of the world or just a particular country?

if it is the entire popn then they would not be 1%.. more like .012%



posted on Oct, 14 2011 @ 02:51 AM
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Originally posted by Thurisaz
reply to post by projectvxn
 


The rich - elite are the 1%

What is the medium though? Is it the entire popn of the world or just a particular country?

if it is the entire popn then they would not be 1%.. more like .012%





Those terms are from Yesterday. The terms of today are 100% globalism, 100% human rights and 100% environmentalism. 0% profits for scumbag bankers. 0% profits for derelict industrialists. 0% for the Department of Defense. 100% for the 100%.



posted on Oct, 14 2011 @ 03:04 AM
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reply to post by SayonaraJupiter
 

you seem very passionate and I respect that.

I merely asked a question to the OP.

but if you want to discuss it, I am more than happy to do that.

?



posted on Oct, 14 2011 @ 03:19 AM
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Originally posted by Thurisaz
reply to post by SayonaraJupiter
 

you seem very passionate and I respect that.

I merely asked a question to the OP.

but if you want to discuss it, I am more than happy to do that.

?

We are in great times right now my Friend! Every move you make Matters!



posted on Oct, 15 2011 @ 12:00 AM
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reply to post by projectvxn
 


I read through most of your posts and I am inclined to agree and disagree with some of your points. I see you have defended your points thoroughly, so I won't ask you to do it again. The only question that I have is that since it seems that Keynesian economics and Capitalism don't seem to be working as it once did, what do you suggest we do in order to maintain a Republic? If I follow correctly, are you a Libertarian? Thanks!



posted on Oct, 15 2011 @ 03:20 AM
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Originally posted by Dragoon01
So the regulations in place did not stop the oil spill. The answer is ...MORE REGULATION?
The answer is that if a big company has an accident like this they are open to lawsuits by those affected. There were enough small businesses in and around the Gulf to sue BP out of existance. The regulations work to sheild just as much as they due to punish. BP was granted protection by the government. I dont have any problem with a civil law that broadly states that operating a commercial enterprise will not adversly affect the environment. I have problems with the EPA taking something like that and making thousands upon thousands of specific codes and requirements to implement that type of civil law. If an individual litigant can show harm then the company should be at fault.

You imply that I think MORE REGULATION is the answer, Which I did not say or mean. IMO the fundamental issue is who is writing the regulation and for the benefit of whom? The regulating agencies have become revolving doors for people coming in/out of the same industries to write regulation for the benefit of that industry. As far as the courts being a fair place for remediation. I have lost faith in the courts as well. The wealthier you are the more you can tie things up in court. This is not justice, it ends up being a war of attrition. I understand what you're saying but given the way the system works now, IMO NO REGULATION would only make things worse. TPTB would love having NO ACCOUNTABILITY.

Originally posted by Dragoon01
You are assuming that jobs belong to the individuals who work them. They do not. Out sourcing is the market at work just not in the favor of the individual worker. The market is telling that worker the cost for his labor is too high. The jobs belong to the owner of the company hiring. They are shopping for labor and if your cost for labor is too high they will shop elsewhere. Labor is only one component to the cost of a product or service. If the other costs are to high or much lower that influences the cost of labor. If all of the factors involved have a high cost that I as a business man cannot easily change then I have to look at labor and how I can reduce that cost. With cheap telecom and cheap shipping the cost of labor in foreign countries became even more attractive.
Yes another country can subsidize its manufacturing. Remove the other barriers to doing business here in the US and you can combat that subsidy.

I wasn't assuming that jobs belong to the individuals. But I was looking at American society as a whole. In a global market, the odds are less and less in favor of the American employee and more in favor of the employer. It sounds like you're saying to hell with the employee and whatever the employer does is fine, because that is the free market. If what you say happens, there will be a whole lot of people in a world of hurt. Corporations don't care about society, the environment, safety, or their employees only profit. IMO I believe the root of the problem is the Federal Reserve and fractional reserve banking. First get rid of the Fed and the promotion of national debt as being a viable solution, it isn't. It promotes inflation and debt. By its very nature, gives banks an incredible amount of power. If less regulation is the answer, then you must be happy with derivatives and the repeal of Glass Steagall. The problem with the road of less/no regulation is that pretty soon you have no accountability. The corporation by its nature is meant to shield the individuals from litigation. This leads to less accountability. There is a problem with the system. There are so many things intertwined (ie. the monetary system, the legal system, the political system, global corporations, etc...), that to me it is naive to think that the free market will magically solve it,

Originally posted by Dragoon01
Yes the unemployeed have to rely on non government support structures. Reduce the cost of doing business and they will not remain unemployed. Reduce the cost of starting up a business and they will not remain unemployed. Remove the barriers to keeping a business in operation and they will not remain unemployed.
Those CEO's will buy goods or invest their million dollar bonuses and those investments create jobs. The only reason people shelter their wealth offshore is to avoid the high cost of keeping it domestic. High taxes are a cost of keeping it onshore. Remove that barrier and the funds flood back to the US.

I agree that the cost of doing business should not be prohibitive. The cost of doing business is higher, the smaller your business is. The global corporation wants that high cost for their smaller competitors. You are assuming the reason money is off shore is because of taxes, I believe its because the profit is higher. The truth is that China and others will subsidize to gain an advantage



posted on Oct, 15 2011 @ 09:09 AM
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reply to post by projectvxn
 


I seem to recall that the actual figure was 0.01%.

...Am I misremembering?



posted on Oct, 15 2011 @ 01:22 PM
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Originally posted by Black Ops
reply to post by projectvxn
 


I read through most of your posts and I am inclined to agree and disagree with some of your points. I see you have defended your points thoroughly, so I won't ask you to do it again. The only question that I have is that since it seems that Keynesian economics and Capitalism don't seem to be working as it once did, what do you suggest we do in order to maintain a Republic? If I follow correctly, are you a Libertarian? Thanks!



I think we should stop calling Keynesian economics Keynesian and start calling it like it really is. Spend money/print money economics. And if that doesn't work bastardize accounting practices until it does economics.

What do I suggest we do in order to maintain the Republic?

Well first of all we can stop giving credence to people who call for it's destruction. Be they right wing or left wing. Secondly we should probably apply a few controls on banks, many of which I have outlined in this and other threads.Thirdly we should abolish the Fed, flatten out taxes and make them even across the board, to include a national consumption tax(abolish the entire tax code first) so the cries of class warfare from both sides can just stop, back currency with gold/silver/copper as a means to constrain not just inflation and price instability, but the profligacy of congress.

Cut government spending, we don't need corporate socialism anymore than we need socialism for the masses. Generational welfare has kept people dependent and stupid for far too long it is it high time that kind of crap ended. You're supposed to be able to take care of yourself in this country not have the tax payer pay for you, your grand-kids and their kids in an ever expanding bubble of dependency. No more "public private partnerships" with private industry..Which is just code for "we're going to give tax payer money to these corporations who donated to my campaign". No more "green energy subsidies." They say it themselves, these companies cannot make it in the free market alone, and if they can't make it, then all they will do is suck the tax payer dry.

Start cutting agencies. And leave ONLY that which is absolutely necessary and proper to meet constitutional requirements. (Defense, facilitating interstate commerce, enforcing federal laws).

Let the states run a nanny state if they want to. Having the Federal government force it's will on ALL the states in every turn is simply unacceptable. People should be able to vote with their feet, and if the Federal government keeps growing there will be no place left to go.

There's just a few ideas.


edit on 15-10-2011 by projectvxn because: (no reason given)



posted on Oct, 16 2011 @ 12:39 PM
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Originally posted by Dragoon01
reply to post by izero
 


No Capitalism has not failed. Capitalism is fine the issue is the way that our western governments choose to strangle Capitalism. There is a crisis with regard to Capitalism and that crisis is the power of government to influence Capitalism. I will continue to beat this drum time and time again.

Government works to influence economies via regulation and law. If you remove as many laws and regulations as you can then you remove the influence of government on economies. If government has little influence on the economy then no one will bother to try and purchase that influence. Further more no one can use the police power of government to transfer wealth from taxpayers to failing businesses.


Sure and what you get back is a corporate cleptocracy, with big corporates dictating our lives and let's face it, do you think they care


Originally posted by spaznational

Please show me where we have had true capitalism in the last 70 years.

No regulations? Puuuuhlease!

The real ROI you get is an invasion of economic and personal liberty.


Really? You sure about that? you think it would be any different in the grand corporate dominated world? Here in Australia, it was the conservatives who took away our economic and personal liberties in the name of deregulation.

You guys really need a long hard think about this stuff. Money does not care about or your family or your mates or the environment or the survival and advancement of our race.

An elected government should be responsible for these and our core human rights and needs (I won't detail these but you can imagine, right, food etc). But they need to be kept way more accountable for their actions, which is where the problem lies with governmental control...too often their goals are driven by self interest or corporate/media influence.

The biggest advantage of capitalism is that it drives initiative. The biggest advantage of socialism is that it provides for all. (these two ideals combined are essentially our reasons for surviving as a race, in terms of survival of the fittest).

Both capitalism and socialism have failed. Let's take the best bits from both and get rid if worst bits from both (corporate influence and no accountability) and make a new system (and let's stop tolerating religious influence while we are it, irrational thought has no place, when making decisions, in my brave new world).



posted on Oct, 20 2011 @ 03:10 PM
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Heheheheheh

Looks like CNN, the news organization that's been carrying the water for OWS, agrees with me:

Who are the 1%



posted on Oct, 20 2011 @ 04:33 PM
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reply to post by projectvxn
 


Dude your own link didn't agree with you.



posted on Oct, 20 2011 @ 04:35 PM
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reply to post by evs490
 


Actually it did.

It just went into greater detail.

From the Article:

Think again. In 2009, it took just $343,927 to join that elite group, according to newly released statistics from the Internal Revenue Service.


Which are not far off from the figures I used in order to get my number of roughly 320,000 dollars.

For the record, I never disagreed with the notion of income gaps. I just have different ideas on how to fix it. I don't believe in dragging the rich down, but pulling the poor up. You don't do that by punitive taxation.
edit on 20-10-2011 by projectvxn because: (no reason given)



posted on Oct, 20 2011 @ 04:43 PM
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reply to post by projectvxn
 


did you look at the tables or just the article? because the table that is sourced clearly says that after taxes the top 1% was over 1 million.

I dont know how cnn got got those numbers since I showed before there are over 3 million millionaires in the united states. Which is 1% of the entire population



posted on Oct, 20 2011 @ 04:47 PM
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reply to post by evs490
 


They got those numbers from the IRS.

That is based on income.

What you are refering to is asset holders in which case, you would be right(and a previous assertion I made on asset holders would be incorrect). 1 percent of the population does, in fact, hold assets totaling one million dollars or more.

This does not make them the elite everyone is so mad at.

U.S. Has Record Number of Millionaires

I think the US having a record number of millionaires is a GOOD thing.
edit on 20-10-2011 by projectvxn because: (no reason given)



posted on Oct, 20 2011 @ 04:53 PM
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The irony here if those evil rich were an endangered species for that's what they are those people would be begging for government laws for their preservation.

With a country of 310 million less than 5 million can tell the government to stick it which is something i really do believe they are a minority where the majority is going off with their heads and all their wealth is what pays for those social programs and the income they get by working.

When their wealth decreases so does their property taxes which agian they are paying more than everyone else does that pays for all those social government services education,police,fire,ems.

Forgive them for they know what they do.

edit on 20-10-2011 by neo96 because: (no reason given)



posted on Oct, 21 2011 @ 07:52 AM
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reply to post by projectvxn
 


I dont think anyone can argue having a record number of millionaires is a bad thing lol. Im curious as to what parts if any of this movement do you believe is the right thing to fight for?



posted on Oct, 21 2011 @ 10:20 PM
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reply to post by evs490
 


Also 3.1 million millionaires is 1% of the population, yes, but not all 310 million people work and bring an income home.

There are closer to 153 million people who work and pay taxes in this country. The qualifications for being in the one percent are smaller than that when you take such numbers into account.

What do I think is GOOD about the movement? Not much. Occasionally one of them will say something I agree with. But between the redistribution of wealth BS and the eat the rich chants it's hard to hear them.



posted on Oct, 21 2011 @ 11:05 PM
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