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View Diary: Open thread for night owls: The rich are recovering fine, the rest of us aren't. That's no accident (86 comments)

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  •  Money has as much value as people agree it does (3+ / 0-)
    Recommended by:
    Zinman, LinSea, JeffW

    Even worse
    .. it is no longer the creation of goods and services that sell and generate revenues that equal a healthy entity, it's how said entities assets can be "financialized" and bet on--how businesses actually perform now is irrelevant, it's how they can be gambled upon or bought out via leverage and debt that matters.

    Wall Street is now completely divorced from the real world.

    Hence the obscene salaries and amazing tax breaks they've purchased from the lawmakers they own.

    Kossack Johnny Wendell

    Even parasites have a symbiosis with their host. Not todays 1%ers

    If remedies that faily distribute the gains of our labor like the Robinhood tax and Public banks and many other corrections aren't adopted, and soon, what reason will working folk have to keep that monetary agreement? - None - and that will not be an accident

    This isn't about redistributing their wealth. It's about getting ours back.
    Good ideas
    •  The Oligarachs have already broken the agreement (2+ / 0-)
      Recommended by:
      JeffW, Calamity Jean

       An agreement that one man/woman can work their entire life time and accrue less than a 1%er earns for his Christmas bonus.
        What worker would ever agree that the fat cat skimming millions/billions producing nothing but a paper trail, if that, is deserving of that difference in pay for what the workers own labor has produced? None I know of

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