you all best buckle up, because it’s gonna get a lot worse
Hunter Thompson wrote “Hell’s Angels” in 1967.
There’s a passage about the economics of being a biker/hippie/dropout.
In those days, a biker could work six months as a union stevedore and then hit the road for two years. A part time waitress could could support herself and a live-in boy freind
Then Nixon/Reagan came in to save us.
Richest country in the world doesn’t take care of its citizens. Funny how that works
Or it’s not actually the richest.
So you’re right. We are number 11 now
*Country with the richest persons living in it
It is almost like we are being scammed.
Looks like it’s time to eat the rich.
They have too much power and resources now. We aren’t going to get a better quality of life through peaceful means.
We need magats to get angry. They’re the reason why this shit show is still going on.
But you have millionaires who play kids games on tv and billionaire celebrities made famous by their looks or money, that go on to play government in real life in all your major political offices. Multi millionaire actors and starving paramedics. What an advanced society.
60% is a majority, right? The article was working really hard to downplay it. “The bottom 60%” that’s more than half the country… social unrest will be the least of their worries
Of course, a true kingdom requires impoverished serfs. Welcome to techno-feudalism.
Credit is doing a lot of heavy lifting. If credit seizes up, then it all falls apart. That’s why interest rates have been held low for so long.
We knew this since the 70s
“The middle class has been declining — we just haven’t recognized it fully,” LISEP Chairman Gene Ludwig told CBS MoneyWatch. "It’s really dangerous because it’s the kind of thing that leads to social unrest, and it’s not fair. The American dream is not that it’s given to you — it’s that if you work hard, you have a chance to get ahead and achieve the things in life that you want to achieve. It’s not living in a tent, not having to steal."
The wealthy always forget this, because they’re convinced they’re a special unique snowflake and smarter than everyone else, instead of understanding they were just lucky.
Also nothing new, they did a big news report in Reno like 20 years ago and cost of living was about double what the average income was for the city. You had a two income family or roommates, or live at home.
Stock market gambling games and communism for the billionaires.
Social darwinist, survival of the fittest, ruthless exploitative capitalism for the poors.
People have bee saying this for a while now… this isn’t news anymore. Why is he still alive?
They can’t afford bread?
Let them eat cake.
