How Do We Make The Fears of the 1% Come True?

[unhappycamper]

http://smirkingchimp.com/thread/spocko/54350/how-do-we-make-the-fears-of-the-1-come-true

How Do We Make The Fears of the 1% Come True?
Capitalism | Economic Equity
by Spocko | February 21, 2014 - 12:44am

~snip~

I've dealt with VCs in Silicon Valley. I've worked with the people who work for them. Perkins can spout crap because people know where the money flows from. Nobody tells him he doesn't know what he is talking about when it comes to social policy, monetary policy or politics. You want the money? Shut up.

He's a perfect spokesperson for the 1%. He's 82, doesn't need to answer to anyone, he earned the "no-way-in-hell-he-paid-75% in-taxes" money he made and yes, he did create 20-30 billionaires. Bully for him. But his story gives cover to all the 1% hedge fund managers and WS bankers who make money by manipulating numbers and markets. He whined that the firm that bears his name, "threw him under the bus." after his ridiculously insensitive letter. Boo fraking hoo. They did that because they actual have to answer to real people, not to strawman carrying pitchfolks and torches.

He said the 1% are afraid of taxes. Not jail, not violence, not public shaming--taxes. I think he was being honest. Thanks for the tip! So fellow 99%ers, how can we make those fears come true?

He did say he got only positive feedback from people via email, but mean comments on Twitter. I'll bet if he was getting death threats via email he'd tell us. But he can't delete the nasty Twitter comments like he could if he got them via emails. That is something important we need to remember about social media. It's a two-way communications channel they can't control.

[safeinOhio]

1. VOTE. N/T

[ladjf]

2. The first step is disabuse yourself of the pipe-dream that the 1% is fearful

that they are going to lose control. They have been in control for generations and have no serious reason to worry.

Having said that, the continued worsening of the wealth imbalance can't continue forever. Eventually, that problem will be stabilized. But,
it's likely to be a 100 years or more before that happens.

But, I don't mean that it is hopeless to try to do something about mankind's most serious global problem.