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I’m trying to figure out how you think that the “capital class” lives off the debt of “the poor” when the bottom 50% of US households account for just 2.6% of t
by jahewson 3y ago
I’m trying to figure out how you think that the “capital class” lives off the debt of “the poor” when the bottom 50% of US households account for just 2.6% of total income.
- sokoloff 3y agoThat claim would be extraordinary if true; entirely ordinarily, it turns out to be false. https://www.cbo.gov/publication/59757 https://www.cbo.gov/publication/59757 has information on income breakdown and shows that claim to be wildly incorrect. You appear to have confused total wealth with total income.
- AndrewKemendo 3y agoStolen wages + Inequitable equity distribution The people doing the actual work in the world (aka the global labor force) are having their value stolen from them because the structure of the modern firm alienates the worker from their capital by assuming it was never theirs and the “proprietor” is assumed to own all simply because they fronted the cash to get it started
- nobut8 3y agoThey hide behind coded socio-political and economic language to externalize their real needs on others, inflate their buying power, burn more fossil fuels. The fiat wealth model is politically contrived misdirection. Physics makes no mention of a fundamental currency policy or sacred economic model. It’s 100% socialized propaganda there’s a communal upside to capitalism as we know it, not immutable physics.