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Spitfire of ATJ

(32,723 posts)

17. The 1% believes our poverty creates their wealth....

Reply to WhoIsNumberNone (Original post)

Sun Dec 7, 2014, 02:20 PM

Dec 2014

Take the dollar. Since it's not actually keyed to anything tangible it's purchasing power is based on it's rarity. By keeping them from the general public it increases the value of the wealth of the already wealthy.

This is why Greenspan was obsessed with inflation. He was so cold blooded that he would recommend firing millions if the resulting suffering would mean increasing the value of the dollar by two cents.

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31 replies

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Highlight:

If People Understood This One Thing, We Would Have Revolution Overnight [View all] WhoIsNumberNone Dec 2014 OP

It's a supply side disaster. Enthusiast Dec 2014 #1

It is not only the 99% that need to learn this - the 1% needs to know that this must be done. jwirr Dec 2014 #2

The cost of HAVING poverty in this country, chervilant Dec 2014 #3

more delusions and fables DemandsRedPill Dec 2014 #4

You got anything more than "Poppycock and hyerbole! (sic)"? ... truebluegreen Dec 2014 #6

thanks DemandsRedPill Dec 2014 #7

You would know. truebluegreen Dec 2014 #8

Rather slow off the mark. ChazInAz Dec 2014 #9

+1 LiberalLoner Dec 2014 #12

Huh? DemandsRedPill Dec 2014 #22

Check its avatar Doctor_J Dec 2014 #28

Trillions sitting idle? Maineman Dec 2014 #10

Great.Thanks. Another well thought out contribution DemandsRedPill Dec 2014 #14

Thanks GreatInDayton Dec 2014 #29

I agree somewhat AlbertCat Dec 2014 #11

"The "poor" don't all want social justice, some just want to be rich!" Spitfire of ATJ Dec 2014 #19

Some of them would consider "rich" to be $15 an hour. AlbertCat Dec 2014 #20

A lot of people don't realize how multi-faceted an infrastructure program would be.... Spitfire of ATJ Dec 2014 #25

For the most part I disagree heaven05 Dec 2014 #15

Accepting FACTS?!1? What kind of lunacy is that.... reACTIONary Dec 2014 #16

"If there is one thing a wealthy plutocrat does not do it is let his wealth sit idle." Spitfire of ATJ Dec 2014 #18

You are blind to what's happening. Zen Democrat Dec 2014 #30

Its what Randi Rhodes always said....we don't have a deficit problem VanillaRhapsody Dec 2014 #5

The Republican The Wizard Dec 2014 #13

The 1% believes our poverty creates their wealth.... Spitfire of ATJ Dec 2014 #17

The 1% believes our poverty creates their wealth.... AlbertCat Dec 2014 #21

I know more than a few in my lifetime. Spitfire of ATJ Dec 2014 #24

I don't see them working to alleviate poverty. it's within their ability to do so Scootaloo Dec 2014 #26

If this image is not a page out of George Orwell's 1984 I don't know what is . He was just 30 geretogo Dec 2014 #23

Don't you realize that we already have a guaranteed income?? truedelphi Dec 2014 #27

Nice office Derek V Dec 2014 #31