Yep. That's what happens to a country with abysmal education, no free health care, no paid maternity leave etc. Want me to continue?
Then again.. the americans created this mess in the first place because they refuse to pay taxes, so I guess you should be happy with status quo.
And now Obama says he is willing to make cuts to programs that would benefit the working class?
Christ on a crutch, how much more theft by the rich from the poor are we going to allow?
This pretty much speaks for itself. At 1:05, I get a rude awakening. At 1:41, he starts talking about you. At 2:24, he says a "bad" word. At 3:50, he kind of breaks my brain. At 4:50, he lets you know how broke you really are. At 5:20, he rubs it in. And at 5:50, he points out that reality isn't close to what we think it is.
9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact
it's a terrible Banana republic we now live in.
Most of the US is of a Judeo-christian belief system and I see that it's not working out for us.
Somehow, it has stopped us from protesting the theft of our country and the hijacking of our futures.
I think it's made us too passive. We leave too much up to "God's will." We "pray over it" too much.
Muslim countries fare even worse so screw that too.
The Abrahamic God is one who serves the kings and enslaves the masses. Our country was built by theists, not Christians, or Jews. The Abrahamic god requires sacrifice--and that's us and all of the other poor bastards who are suffering.
The very rich and in-charge use the Abrahamic religions (Judaism, Christianity, Islam) to control the masses, make us obedient, and relish suffering and death.
We need to come up with something new that will serve us better.
Only lazy people aren't millionaires.
So, who are these 1%? I want names. Who are these greedy asswipes?
The Koch Brothers are two of them...
You have no money because your incapable of even wiping your own ass.
Don't ever, ever believe that democracy and capitalism works.
"your incapable" .... Oh dear.
Well get to work and start posting the link on Facebook.
This video is, quite literally, mind-boggling. Totally worth a watch and a share.
God bless America of the 1% with 40% of the wealth.
The rest 99%, you are not working hard enough.
Please learn the meaning of "viral" as it relates to Internet video phenomena.
You've been posting your little links for a while now supporting whatever political ideal or agenda you happen to be pushing that day, not that I don't agree with you. But your insisting something is "viral" simply to grab our attention is a tired, played-out shtick.
You need a new one.
r16, this video IS going viral. And I am not the OP.
Does it somehow irritate you? Are you a republican?
I do not believe the democrats in congress will sit back idly and allow the president to do anything to adversely affect any of the safety net programs (SS, Medicare, Medicaid). I don't know why he's even talking about that possibility at this point. And if they do allow it to happen, they may as well all look for new jobs come the next election.
R16, OP just copied the title of the link s/he shared. That's all.
Oh R17, is that your tired little attempt to shut me up? Accusing me of being a Republican?
No, dear, I'm not. Just tired of these "YOU HAVE TO SEE THIS VIRAL VIDEO" bullshit threads you go around posting. Yeah, I said YOU.
Also, I'm all for capitalism if it's fair, legal and everyone has equal access to it. I don't hate rich folks simply because they're rich. If they haven't defrauded or hurt anyone, so the fuck what? What's the point of your video? To work people up into a hate induced frenzy?
Run along now.
The point of this video is not to "work people up into a hate induced frenzy". Although the title may be misleading due to the misuse of the word viral these days. It is important to give facts and make people realize the reality.
r16, you're not very bright, poor thing. You must have taken the time to watch, and yet, here you are, spouting off and criticizing it any way.
R16, you've made a fool of yourself. Now, shoo! Go to some other sites where your stupidity will be a comfort, not a distraction.
Socialism is killing the US.
Socialism has barely ever existed in the USA ever, only briefly before the Supreme Court stepped in did Roosevelt dabble, and I use that word loosely, with National Socialism. nearly all of the history of the USA has been taken up with venture capitalism.
Does anybody--ANYBODY--know the difference between socialism and welfare state capitalism? Even Sweden, supposedly the obvious example of "socialism", is not a socialist country. Not even in the same solar system.
The people who cry: "Socialism!" the loudest know the least about what it really is.
R24 is a moron.
"Socialism" built the international highway system in this country... we all pooled our money for the greater good of society, and that investment paid off in an explosion of jobs, technology, and increased standards of living.
One of the largest socialist organizations on the planet is the U.S. Military.
Socialism built and created the foundations of the internet which has fueled so much private wealth.
People bitching about "socialism" like you and the right-wing morons in this country are stunningly short-sighted and ignorant. And just plain stupid.
I hate to tell you this, R29, but YOU are the moron.
R29 is right, using the term socialism the way Republicans use it, which is social direction of investment and credit, which they hate.
CEO pay is not compensation. It is theft. They are illegally looting our companies and nobody seems to care. And not just a few of them, the AVERAGE CEO is a criminal.
No, R30, I'm not.
How about the glorious private enterprise system that built the transcontinantal railroads?
No, wait! The government subsidized the railroads by giving them massive amounts of land along the right of way.
R16, STFU. You've embarrassed yourself enough.
I don't get what they were trying to accomplish with this video. I don't begrudge anyone their wealth. Trying to vilify the top earners will not encourage them to help others.
Did you actually WATCH it?
There is NO 'begrudging' of wealth.
I did watch it. I don't get it. There are always going to be wealthy people, there will always be a top 1%. There will always be a bottom percent. You have to have surgeons and ditch diggers in every culture. Those skills and the prices people will pay for them are not the same.
There's a big difference between "begrudging" someone's wealth and objecting to a rigged financial system that rewards manipulation and shrinks the middle class share of the economy. Failing to understand this is being deliberately stupid.
Or maybe just plain stupid.
R38 is a good example. Are you deliberately stupid, R38, or just plain stupid?
[quote](T)here will always be a top 1%.
Thank you, R38. The crazies on datalounge will never understand that, though.
You are insane if you watch the whole video and come away thinking it begrudges the top 1%.
So the video says they are entitled to what they have amassed and doesn't talk about their salaries vs other wage earners?
Yes, geniuses, there will always be a top 1%, a statistical certainty. The question is how much of the nation's wealth that top 1% controls, how they got it, and how they use it to keep control.
There are some categorical retards on this thread.
Shoot me for thinking I am entitled to what I earn and so is everyone else.
R36, it's not just that they're the top earners, it's that the system is stacked in their favour. What you think they're earning, their friends in the gov't are just giving them.
Th 1% maintian their wealth by exploiting our religious beliefs.
The very rich are rich off of war, theft of natural resourses, and human and drug trafficking.
They send US, the religious, off to fight wars against the commies/muslims/germans etc under the guise of defending our christian nation.
Sounds good, only what they don't tell us is that they are supplying the other sides with ammo and weapons! And, they have plans for those war-torn countries that do not benefit you or I.
Looks like will be going to war with Iran now. And how exactly, does that serve you and I? It doesn't. It looks like they tried to sell that war to us with the movie ARGO, a CIA film made by sellout Ben Affleck. I think we are too war-weary to bite on this one.
But they'll try, just you wait and see.
War is a racket!
R46, do you honestly think what you earn has nothing to do with how the people at the top maniputlate the financial system?
While you're somewhat obtusely focused on yourself, consider the long term consequences of a system rigged in favor of the rich against working people, whose productivity has been increasing for decades without an increasing share of the pie.
BTW, you might be entitled to even more than you earn. Wake up.
If we tax investment income more progressively we could decrease income inequality rather quickly.
The 1%'s who financed Hitler knew to exploit the Jewish religious beliefs that kept them from fighting back, defending themselves with guns, or at the very least punching the lights out of the Nazi guards.
The fact that Rabbis calmly walked into the gas chambers quoting the Torah illustrates this.
We can/should hold on tho our religious beliefs but understand that the very rich view us as a joke.
The Mormons know all about this and act accordingly.
R50. I don't need more than I earn and could certainly survive on less. That should be my call. Not "society" and not government.
"I don't need more than I earn and could certainly survive on less. That should be my call. Not "society" and not government."
spoken like a true douchebag Republican.
"I got mine! So fuck everyone else!"
R53, if you think what you make is your "call", you are living in a pretty pink dream world.
I liked the video, but when he asks at the end "do you think a CEO works 380 times "harder" than the average person in his company?" That's when I tuned out.
We don't reward "hard" workers. If we did, ditch diggers would be billionaires. We reward innovation, creativity, skill, talent, brilliance, and risk taking along with a healthy dose of good luck.
It's a dog fight to get into the top 1%. You have to be extraordinary in some way, not some drone working in a cube doing a job a ten thousand others can do just as well or better.
I don't believe the true 1% work in any real capacity. They are not doctors, or bosses, lawyers, etc--they are those born into great wealth and connections.
It has nothing to do with smarts or innovation. These people are given it by virtue of their birth.
I agree r57
That's simply not true R56. I've met a number of CEO's and the only thing "extraordinary" about them is that they are mentally ill, self-centered, crooked, and mean. Not one of them had any skills that aren't common throughout society. Most of them were very poor managers and worse than the average man on the street would be when it came to personnel assessment. Not one was an innovator. Not one was a risk taker, except in a reckless sociopathic way. Not one was worthy of the honor. And to a man, they were unprofessional in terms of management style. That is to say, not one did anything consistent with the decades of research about how to manage people and organizations successfully. Often they knew of this research and ridiculed it based on some two cent proverb their parents had told them. None of them cared about professional management, and none of them believed in it. It wasn't part of their worldview. There is a way people think the world works, and there's the way it really works. They were in tune with this cynical idea to an extent that went far beyond any passing acquaintance with real life. It was their excuse for outrageous and criminal conduct, and every single one that I've met was a crook.
What are some examples of the "innovation, creativity, skill, talent, brilliance" of America's CEO's, R56? Not the ability to manipulate the system, not profiting from bubbles or regulatory capture, but something really new and creative that represents the creation of wealth.
Since these folks' talents are so patent to you, it shouldn't take long.
Incorrect, R57, many working people ARE in the top 1%. The cut off is only $380k in family income. A lot of doctors, lawyers, and small business owners fall into that category. Many are dual career families. Husband is a doctor and wife has her own business---that sort of thing. If you asked any of these people they would not consider themselves "rich."
There is another subset of the to 1% that is truly filthy rich--the top 10% of the 1%. They are a completely different animal altogether.
Excellent post r59. There is no excuse for the naivete of someone who thinks the "dogfight" to be in the top 1% represents a talent for much beyond sociopathy or connections.
"Hey, you know, it's a dogfight to get to the top of the Party. That Stalin must be a talented guy!" "It's a dogfight to get the Republican nomination. Romney must be special!"
Et cetera, ad nauseum.
For R60: Steve Jobs and Bill Gates
I am referring to the filthy rich R61, the ones who really matter. Any of the so-called lower eschelon 1%'ers can and will lose their investments.
The ones who gave their money to Bernie Madoff, for example. Now, who in their right mind expects a 12% return on their investment?
The lower eschelon rich, that's who. The real wealthy know better, and could see right through that old buzzard.
So, R61, you are referencing the 1% who are not really rich, and yes, they are working. That's is not what the video or this thread is talking about.
Neither one is a CEO presently R63, and you need to watch "Pirates of Silicon Valley" to get some perspective on these people.
R61 makes a fair point. There are people whose incomes are in the top 1% who work for it and deserve every penny. Having said that, this discussion is about the figurative 1% who control the economy, the "different animal" you refer to. It's also fair to point out that even the working 1% have outsize political influence and take advantage of their connetions to perpetuate their wealth and inflence.
But yes, there are deserving people who make tons of money.
r63, both men famously had more ability to manipulate the system than anyone at the time. They were and are the Standard Oil of the modern age.
Bill Gates is a shitty person. Steve Jobs was a shitty person.
We know that, OP. We've known it for year. And what have we done? Nothing. Oh, yeah, we laughed at Occupy movement, so that any progressive movement can be discouraged in the future.
Jobs exploited slave labor and Gates stole other's work.
R64 keeps changing the focus of his "anger". First it's the 1% and then it's the "upper-echelon 1%". He must be a sad, pitiful person. So much hate and jealousy.
I read that the top 1% in terms of wealth (not income) have $8 million or more in net worth. That index eliminates a lot of the lower echelon annual income 1%'er's . The lower end "working" 1%'er's have good incomes, but few have amassed over 8 million net worth.
Good work, R63, I should have been more precise. Steve Jobs is not a bad example. He stands out because he actually created something.
Gates is a medium example. His success comes largely from having bought MS-DOS, which someone else created, and getting lucky with the fact that the PC was ubiquitous. Not entirely, but mostly.
I was mainly thinking of Wall Street and the FIRE industries. Those are where the salaries are obscene and the political influence rampant. Where is the crativity and innovation there?
It's obvious that the American political system has become a pawn for the uber-rich. Their obscene wealth is strangling the rest of the country, the money should have been reinvested in the American system. There is only so much money out there, and when it's stagnated in the hands of the very few, it kills (or killed) the economic ecosystem.
A business owner and a ditch digger don't merit the same pay. Yes. Does the the american middle class need to vanish because CEOs need to have millions in unmerited bonuses. No.
The fleecing of America, by the few, needs to stop. How to proceed? Maybe an enormous tax on income over 10,000,000? Perhaps seizing evader's funds from offshore accounts? Perhaps some legal incentives for creating real jobs, for real people on US soil? All revolutionary, perhaps.
[quote]Bill Gates is a shitty person. Steve Jobs was a shitty person.
You didn't ask for examples of CEO's who are Mother Teresa. You wanted examples of CEO's who are (were) innovators, creative, brilliant, etc.
I gave you what you asked for. Now just take your bitter pill and swallow it.
The big war that is coming with Iran and north Korea will get us out of this beleaguered economy . FDR did not get us out of the great depression, world war 2 did
R72 is no doubt a republican who thinks that somehow, magically, the wealth of the 1% will trickle down to him.
Even your idol, George Bush, called out Reagan's "voodoo economics" but how the repubs soon forget.
Keep idolizing the super-rich who will eventually steal your social security, pension, and way of life. Oh, and they'll steal your children too, drafting them into endless wars with some other hypnotized goon who worships his super-rich overlords.
You're mistaken, R76. I didn't say Gates and Jobs were shitty. That's someone else.
My response was to say "Good work", admit I should have been more precise, think about what you said, and refine my question.
I appreciate your examples, but they don't reflect what happens in the politically infuential FIRE industries where exec salaries are gargantuan compared to IT execs in general.
So, R77, the point of the recovery from the Depression is not that it was war spending, but that it was govermnent spending on real production and the jobs is required. We don't need a war to accomplish that. It also bears noting that his programs, which started out relatively modest, helped the economy until around 1938, when the government pulled back. When spending began again, the recovery began again.
It doesn't have to be war spending, it has to be productive spending.
The big war could go nuclear, R77. We could lose such a war and be held responsible for starting it. We could be forced to make reparations that would have the effect of destroying forever the USA as we know it today. I sometimes think the 1% are deliberately looting the nation in advance of deliberately sacrificing it to abject ruin.
World War II Spending Did Not End the Great Depression
The aggregate statistics fail to capture essential details of life.
Conveniently for most politicians, a popular doctrine holds that government spending is good for the economy. According to this doctrine, when the economy needs to recover from a recession or even a slowdown, an increase in government spending is indispensable—even if huge budget deficits and a growing national debt result. Keep spending! is the battle cry. This is one reason why there is widespread opposition to "sequestration," the scheduled across-the-board reductions in the rate of growth in government spending. (For the most part, absolute reductions in spending are not on the table.)
(Rest at link)
Neither Bill Gates nor Steve Jobs "deserved every penny." Really some of you are so fucking clueless about how the world works, I can't help wondering how you manage to wipe your ass every day.
One of the problems with the 1% rich is that the majority of us can never dream of getting there no matter how educated or hard-working we are because we weren't born into the right family or have the right connections.
Great clip, OP. I hope a lot of people see it.
The US needs new political parties and movements for ordinary people - the current set-up is only for the rich. That is why there is no universal healthcare and such obscene inequality.
Here is r69's link summarized:
“That’s why I’m richer than you.” -- Jamie Dimon, JPMorgan
“I don’t think that I would consider myself a feminist.” -- Marissa Mayer, CEO of Yahoo
“We have a right to make a profit.” -- Bank of America CEO Brian Moynihan
“We’ve got to get companies to regulate themselves…” -- AIG CEO Robert Benmosche
“I have no regrets about…how Countrywide was run. It was a world-class company.” -- Angelo Mozilo, the former head of Countrywide
“I’m doing God’s work.” -- Lloyd Blankfein, chief of Goldman Sachs
NOTE: Every single one of these people would have not been allowed in the country club when the US was a happy and secure world power.
The real 1% has a cadre to do their dirty work
[quote]. I sometimes think the 1% are deliberately looting the nation in advance of deliberately sacrificing it to abject ruin
I think this too. It's like a sick cartoon scenario come to life.
R54/R55 - Actually, I am pretty much in control of my income. I am in sales, for a large company and set a target for myself every year that I make.
I never said fuck off to everyone else. I donate more money to the charities I SELECT then would ever get to them if that money went to the government in taxes (BLOAT)! I volunteer hours per month at my nephews' school, the Cancer Center, and the SPCA.
One of your liberal patron saints, Mr. Biden, had a 2011 income of $379k and donated a shitty little $5,350, while paying over $30k in mortgage interest. I made more, paid less in interest and donated over 10X more than that fucker.
So take your assumptions, shove them up your bitter ass, and fuck right off.
[quote]One of the problems with the 1% rich is that the majority of us can never dream of getting there no matter how educated or hard-working we are because we weren't born into the right family or have the right connections.
And I can never dream of fucking Brad Pitt because I'm not Angelina Jolie. Life ain't fair, bud.
Why don't you understand the video, r53?
You are not being begrudged therein.
Sorry, R79. I assumed it was you. I didn't read your other post 'til after.
Just look at this fucking ad.
They want to pay $10 an hour and yet demand you have at least a Bachelor degree to qualify.
I don't have any liberal patron saints, R89. I'm not a liberal. I also don't recall saying you are a bad person or that taxes under the current regime are a blessing.
Your defensive anger aside, you are still living a fantasy if you think YOU, rather than the elite who run the financial system, determine the value of your work, though you are luckier than the vast majority that it pays well. Right now, you are a successful client of the current system because you help them sell their products and line the pockets of your employers, so of course you defend it. Should you stop being of value to them, your "call" on your income will disappear like the dream it is. Certainly, the overwhelming majority of working people have nothing to do with the value the system assigns to their labor.
Should your value collapse, your wealth will at least give you a place to land. Too bad the majority--whose inferior position in the system that rewards YOU you can't be bothered to analyze--don't have the same privilege.
That's the latest FU to the working class, R93. Demand at least a BA just to be a drone. It's really very tidy: make it harder for blue collar people to get by while simultaneously forcing people to pay for a degree they won't need...so they can eat and pay rent.
Whatever you do, don't get sick. You will have to buy a millionaire doctor a swimming pool for his second house if you want to get well again.
I'd rather a bloated government, employing millions, than a handful of bloated CEO's raping the country.
R91 - I have several problems with the video. First, I would love to see the sources and data behind it. Very easy to make sweeping claims without a lot of data and equally easy to manipulate data.
Second, society as a whole drives perceived values for different roles. if a CEO drives a profitable company that makes employees and shareholders a lot of money, then (s)he is going to be paid well. No way around that. Does society have it right all the time? No. I have trouble seeing why Justin Bieber is earning $1,000,000 per week while a teacher is earning $60k (depending on area), BUT that is what people are willing to pay apparently.
Finally, my big problem is any time you talk about distribution of wealth, or redistributing wealth, there is the implication of some entity that would be in charge of that process. If that entity is government, the wealth would change but only into the hands of government leaders. Remember the same cunts that got us into this sequestration debacle and pushed through Obamacare are not impacted by either.
With that said, everyone has a duty to help others. I go to sleep at night knowing I have done everything I can. I absolutely do not believe the government could do any better with my money or time than I do and will disagree with any administration that tries to increase my taxes.
r98 - it seems that you think some people on here are advocating seizure of assets to be redistributed down the chain. By the US government. Who will then just line their pockets with it (sort of like cheney did via haliburton contracts that were awarded when he got us into war).
That's why you're being called stupid
What's being implied is that maybe republicans in Congress could oh I don't know, let Obama pass a jobs bill - like the one he had before the election. That would help.
And you say you don't want an increase in taxes - even though most middle class and wealthy people are paying historically low tax rates thanks to W who slashed them without any thought for how we would pay for them.
Are you for any new revenues at all? Closing tax loopholes for obscenely wealthy corporations maybe?
Because if not, let me join the chorus: you are good for nothing swine. And quite the imbecile.
[quote] One of the problems with the 1% rich is that the majority of us can never dream of getting there no matter how educated or hard-working we are because we weren't born into the right family or have the right connections.
Not true. If you're a doctor, you're pretty much guaranteed a spot in the 1%. Let's not forget, the 1% is 380k per HOUSEHOLD per year.
380k is not the problem, it's the 10,000,000 group that is ransacking the government and the American people.
R98, your problem isn't that you don't do enough volunteer work or that you're a bad person because you're rich. There is no reason to defend yourself against either. The problem is that you're thinking with your paycheck, something you have in common with many other successful professional clients of the system whose relative privileges insulate them.
Your suspicion of the government is wise to a point, but blinds you to certain facts, like the fact that "government" health care, in the form of Medicare, is a wild success compared to the far more expensive private system, as is Social Security, both of which have revolutionized the lives of the elderly. If everyone could have Medicare we would all be paying dramatically less, not more.
As to such notions as "society as a whole drives perceived values for different roles", you are being deliberately naive. "Society" doesn't do shit about valuing people's roles, the people who control the paychecks, including their own, determine that.
No one is saying you're a bad person. You are, however, very defensively naive.
"Life ain't fair, bud"
But the economy should be. It is not an organism, but a human creation. The fairer it is, the better it works. All this CEO thieving in the last thirty years has destroyed the work ethic, since anybody can see that work no longer has anything to do with reward. The values of corruption which were once merely the domain of the mafia and undesirables are rapidly becoming the norm for the country, which is leading to the impoverishment of all.
Now, now, R99, R98 is not a swine or an imbecile. But he is, like many people who make a lot of money as well-paid employees of the plutocracy, intentionally ignoring the obvious because he can't handle the psychological load.
Unbecoming and wrong, but not swinish or imbecilic.
I'd be more inclined to say it's a troll, the redundancy, the weird equivalencies, the off-topic 'smoke and mirrors', all reek of a crop duster.
Nick Hanauer - Rich People DON'T Create Jobs.
What he said makes a lot of sense IMO.
You may also want to check out Nick Hanauer's "interview" on Fox.
[quote]There are always going to be wealthy people, there will always be a top 1%.
Imagine what that chart would look like for Canada, France, the UK, Japan, South Korea, Germany.
Now, imagine what it looks like for China, Senegal, South Korea, Egypt, Mexico. Or some medieval shithole in 1423.
Which is the best for the country?
The system is bound by the laws of a country. Americans are stupid suckers.
"Now, now, [R99], [R98] is not a swine or an imbecile. But he is, like many people who make a lot of money as well-paid employees of the plutocracy, intentionally ignoring the obvious because he can't handle the psychological load.
Unbecoming and wrong, but not swinish or imbecilic."
I disagree. your "he can't handle the psychological load" is another person's completely selfish idiot.
and I'm also a *very* well-paid cog for the plutocracy and I can certainly see the forest for the trees regarding this issue. so there goes that excuse.
i love r99.
A must-see video - Park Avenue: Money, Power and The American Dream.
Compelling and powerful!