Earlier quoted context omitted.
Protip: if you ever want to downplay inequality, gloss over wealth inequality and focus on income inequality to the exclusion of all else. It's VERY effective.
income is what people consume, it's what we should measure when thinking about inequality.
The top 10% owns 87% of the stocks
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Re: The top 10% owns 87% of the stocks
#502The only thing that should matter is that the poorest segment of society becomes richer over time. And it has (in inflation-adjusted terms, lower income Americans have become richer over many decades).
No one cares they can afford a filet mignon once a month if their boss is spending more money on lunch than they make in an entire year
Re: The top 10% owns 87% of the stocks
#503Earlier quoted context omitted.
Belarus had 500.000 people show up. But they got beat down. Hong Kong had millions of people show up. But it just led to massive crackdowns. Numbers mean nothing when the guys who own the guns are not on your side.
> Numbers mean nothing when the guys who own the guns are not on your side. Not saying it will turn out differently, but there are more guns circulating in the US than there are people. Nearly everyone has or can easily get access to a gun. US culture is also quite a bit different, celebrating violence, don't tread on me, etc... Again, it might not make a difference, but I'm not sure those other situations are compar…
Re: The top 10% owns 87% of the stocks
#504I think about this from time to time and I suppose everything is cyclical in the end. Most of us would have been some peasant in the feudal age and when it gets really bad it always ends in a revolution of some sort. It's just on a global scale and timeframe now. As more of the population feels the effects of inequality they won't appeased by just fancy toys and shiny things, they will want change by force. My only s…
The population might not be happy, but they don't have the means to change it. Revolutions don't happen when people are mad, they happen when the ones who can afford armies and equipment sense the possibility of coming out on top. 250 years ago George Washington could have financed the entire Revolutionary War out of his own pocket and he still would have retained two thirds of his wealth. Instead he put the losses o…
That was a rebellion, not a revolution. The colonial elite broke away from the mother country. They sculpted the eventual legal and political structure to protect their power and privilege without having to pay taxes.
If you're looking for a revolution, better look at the French Revolution or the October Revolution.
Re: The top 10% owns 87% of the stocks
#505Earlier quoted context omitted.
The population might not be happy, but they don't have the means to change it. Revolutions don't happen when people are mad, they happen when the ones who can afford armies and equipment sense the possibility of coming out on top. 250 years ago George Washington could have financed the entire Revolutionary War out of his own pocket and he still would have retained two thirds of his wealth. Instead he put the losses o…
> George Washington could have financed the entire Revolutionary War out of his own pocket and he still would have retained two thirds of his wealth Is that true ? As far as I am aware, the money the French Government alone loaned to the US during the revolutionary war (at least two million dollars[0]) far exceeded the value of Washington personal wealth (estimated at $780,000 in 1799 [1], so at the time of his death…
Re: The top 10% owns 87% of the stocks
#506Earlier quoted context omitted.
> Numbers mean nothing when the guys who own the guns are not on your side. Not saying it will turn out differently, but there are more guns circulating in the US than there are people. Nearly everyone has or can easily get access to a gun. US culture is also quite a bit different, celebrating violence, don't tread on me, etc... Again, it might not make a difference, but I'm not sure those other situations are compar…
If it actually does come to a new civil war, my money is still on whoever owns most of the military. Small arms are nice and well, but they don't help you a lot when the other guy has got APCs and tanks.
APCs take fuel, require men to run, and need tires or tracks. For $10 worth of chemicals or a little bit of camouflage and some earth work you can make the APC irrelevant very quickly.
Happened in Iraq all the time.
The US military and its members have spent almost 25 years fighting through insurgencies.
There are millions of combat vets.
Re: The top 10% owns 87% of the stocks
#507Earlier quoted context omitted.
Revolutions can happen if enough people show up. Massive amounts of people are difficult to deal with. Smaller groups you can outright kill in daylight, but better to get to them first to torture and kill them out of sight. Once you need to kill 500.000 who are protesting and if violence to quell the hoards wakes up more people who want to see the regime fail.
The people of Belarus put this to test not that long ago. Massive numbers of people came out, factories went on strike, even people from the military and police spoke out against the regime. Turned out that in this day and age when the governments have unprecedented powers of surveillance and the ability to cut anyone from the respective financial system, a revolution is a really hard thing to pull off. If the Britis…
Did they, though... The Western media depicts all color revolutions as such movements, complete with 'the military speaking out'. They did the same in Venezuela and other places. The 'military guys speaking out' turned out to be Colombian mercenaries who put on the wrong Venezuelan army uniform and whatnot.
Re: The top 10% owns 87% of the stocks
#508Earlier quoted context omitted.
income is what people consume, it's what we should measure when thinking about inequality.
Who needs somewhere to live or money in the bank?
Re: The top 10% owns 87% of the stocks
#509I was very surprised by the holiday budget. Less than 2500$ for 80% of the population? Does that mean that no one from these 80% stays in a Hotel or AirBnB for longer than a week with their family? No one travels overseas, or if so, only every 5 years or so? 2000$ is what you can easily spend on plane tickets for a family of 4.
Re: The top 10% owns 87% of the stocks
#510Earlier quoted context omitted.
You guys are so obsessed with inequality because you're always looking in the other guy's cup. I don't care about inequality at all - only absolute living standards. The US has been an unequal place all its history and it's a tremendous country to live in. Here's a recipe for happiness: stop comparing yourself to others and stop trying to keep up with the Joneses. It's old advice, but it's clearly been forgotten.
> The US has been an unequal place all its history and it's a tremendous country to live in. Have you.. lived in other countries? I came here from southeast Asia and yes, my BigTech salary affords me a comfortable life, but I simply don't understand why the bottom 90% aren't up in arms over here.