Yeah, but if these people were truly masters of long-term thinking, they wouldn’t be spending all their time ruining the economies upon which their wealth is predicated.
You say that, but if you have a large cache of cash, economic crashes are just opportunities to buy assets at a bargain.
Up to a point yes. However, if the majority of your ‘wealth’ is not liquid and bound up in a stockmarket that no longer exists, you’re going to have a hard time leveraging it. Similarly, what liquid wealth you have is only as valuable as the form it takes. Your dollar bills in a hyper-inflationary scenario is going to have more values as toilet paper than as a means of exchange, and your gold is no good if there are no one around willing to exchange anything for it. You can eat gold, but the nutritional value is somewhat dubious.
11 years ago…
The Pitchforks Are Coming… For Us Plutocrats — By NICK HANAUER
See also his Wikipedia page in the section on his controversial TED talk where he said:
Businesses and the rich do not create jobs. Jobs are created by a feedback loop between customers and businesses that is set in motion by consumers increasing their demand.…
If lower income tax rates for the wealthy really worked we would be drowning in jobs, and yet unemployment and underemployment is at record highs
TED refused to publish the talk.
interestingly, his later ted talk about basically the same topic is available on the TED channel.
They refused to publish it? Wow, thank you for finally giving me a concrete reason to hate TED talks. They’ve always seemed like the biggest fart-sniffing conventions I can imagine. And it drives me nuts how people all present with a certain cadence, intonation, tone of voice. Like some kind of learned artificial dialect, the “good public speaker” dialect/accent. A perfectly fitting marker of the incestuous masturbation so prevalent among the kinds of people who give TED talks. I’m not saying they’re all bad, so no offense to anyone’s favorite TED speaker. There’s been decent ones, but its largely exactly the kind of elite Ivy League parasite that, remarkably, manages to be despicable to both conservatives and many liberals. No wonder TED didn’t publish something that might make their own speakers feel bad.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
That’s capitalism. I find the more of a capitalist someone is, the more they worship money and the more they idolize anyone with a lot of it.
It also seems to be the case that the further you are from capitalism and it’s ideals as a person, the more you’re willing to emphasize with those less fortunate and want to help them to succeed.
Weird huh?
Obesity is a nonsense term used by traitors. Let’s not do that. Being fat is fine, capitalism is not.
I mean, there are proven negative physical and mental effects to being overweight. None apply to everyone but in general being a healthy weight is, well, healthier
See, you just proved my point. You said “healthy weight” even though there is no such thing, and demonstrably so. You are allowing yourself to adopt capitalist thinking.
Obesity is a product of capitalism, the very thing you claim to hate. There would be no fat people in your personal utopia.
Being fat has nothing to do with capitalism. You are a right wing traitor lunatic who belongs in prison if you believe that nonsense.
“Oh, those rich people better look out. Something real bad is going to happen to them” is a thing I’ve been hearing since the 90s.
The only “bad thing” I can think that’s remotely qualifying is that US billionaires are being left behind by their East Asian peers, as their home country is run into the ground. And idk if “feel bad because you’re not in first place anymore” is the thing being implied.
I think we have passed the point of no return. Like, we are going to have our very first trillionaire, and everyone seems okay with it.
Yeah, but if I tax trillionaires, what happens when I myself become a trillionaire?!
Better not take that risk. Any one of us could become a trillionaire tomorrow.
I think we are very close to being past the point of society accepting these people in any form. Too much damage has already been done while the ultrawealthy laughed it away.
This is something that, of all people, Ivanka Trump has kvetched about in private — her infamy, her dad’s infamy, her company’s infamy, her wealth’s infamy, and not to mention, her husband’s infamy — has essentially procluded them from any social circles in NYC. They reportedly left politics because every single one of their friends would refuse to engage with them anymore.
One simple thing that brings me joy in a dark world is that Jared Kushner and Ivanka Trump can’t make a single friend.
The t is silent.
Fuck that, I don’t want them to get of free just by paying money. That’s what they always do. I want full blown billionaire killing Olympics.
