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EarlG

(22,638 posts)
Wed Jan 22, 2014, 11:02 AM Jan 2014

Pic Of The Moment: What 30 Years Of "Trickle Down" Policies Have Produced



Oxfam: 85 richest people as wealthy as poorest half of the world


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Pic Of The Moment: What 30 Years Of "Trickle Down" Policies Have Produced (Original Post) EarlG Jan 2014 OP
Cold Truth, Sir.... The Magistrate Jan 2014 #1
I daresay, you are correct. JNelson6563 Jan 2014 #3
And revolution is in the air. The_Commonist Jan 2014 #16
Quitting banks is easy lark Jan 2014 #27
My husband and I went straight a credit union and never looked back! (about 6 mons. ago) nt caledesi Jan 2014 #51
I've been with credit unions for 20 years... elzenmahn Jan 2014 #54
you speak the truth! nt caledesi Jan 2014 #55
Yes we do vote with how we spend our money, very important, WHEN CRABS ROAR Jan 2014 #30
+1000 heaven05 Jan 2014 #41
Amen to that! nt caledesi Jan 2014 #52
I think the tipping point is fast approaching. A Simple Game Jan 2014 #49
The situation is so very wrong. JNelson6563 Jan 2014 #2
Trickle down hasn't worked yet, but just needs a few more decades, kinda like the Cuban embargo. Scuba Jan 2014 #4
The Cuban embargo 90-percent Jan 2014 #5
Jimmy, only a small percentage of cars in Cuba are old American cars. Mika Jan 2014 #56
It is time to fight back against those who try to make redistribution a dirty word. Bjorn Against Jan 2014 #6
Redistribution isn't a dirty word when it is going to the top .001 percent ... Mika Jan 2014 #57
K&R. Also staggering, they are able to do so. We have a global cultural problem to resolve. Coyotl Jan 2014 #7
+1000!!!!! godevil10 Jan 2014 #17
The Madame Is Calling... onehandle Jan 2014 #8
I wonder how different this was 30 years ago, though. (n/t) thesquanderer Jan 2014 #9
disgusting isn't it florida08 Jan 2014 #10
One wonders if the 85 have 3.5 billion bullets. Half-Century Man Jan 2014 #11
The bad news is, they don't need any out-dated bullets, since they control high-tech drones, and... Amonester Jan 2014 #20
Unless they have them on hand, at their homes..... Half-Century Man Jan 2014 #24
I don't believe the military forces cannot be bought and paid for. Amonester Jan 2014 #25
Don't Step In the Leadership cer7711 Jan 2014 #12
Look Up! Some of the urine is trickling down! zebonaut Jan 2014 #13
Reagan would be proud that his philosophy has been so successful. Kablooie Jan 2014 #14
The ruling elite are unfit to rule. pauldp Jan 2014 #15
Will You Please . . . cer7711 Jan 2014 #18
Yes, these 85 people do give a damn ... it is not just about you and I! Demenace Jan 2014 #22
A Republican would claim those 85 are "job creators" for the 3,500,000,000.... Spitfire of ATJ Jan 2014 #19
Precisely Enthusiast Jan 2014 #39
Look at the "bright" side Jessy169 Jan 2014 #21
Wow - No wonder these 85 people and their immediate support circle will never give a damn... Demenace Jan 2014 #23
I never claimed "eminent wisdom" Jessy169 Jan 2014 #26
You assume again that the rest of the world is America... Demenace Jan 2014 #29
Another POV notemason Jan 2014 #32
Amen... Demenace Jan 2014 #33
Ah yes, there's that old "the human race is like a virus" meme again. The_Commonist Jan 2014 #34
Good thing a lot of those poor people on the planet don't know about modern stuff.... Spitfire of ATJ Jan 2014 #45
So, they do not deserve to survive, right? Demenace Jan 2014 #46
They're not stupid. They know they're getting screwed. Spitfire of ATJ Jan 2014 #50
I may sound like a broken record.... dotymed Jan 2014 #28
Trickle-down works just fine. What? You thought it would be MONEY trickling down? nt Jerry442 Jan 2014 #31
I would love to see it boiled down even further quakerboy Jan 2014 #35
And people accuse me of "fake outrage" - TBF Jan 2014 #36
Totally nonsensical statistic. Those 85 would never ... Ian_rd Jan 2014 #37
Hey, Mr. Obama. let's not exacerbate this problem by enacting the TPP! Enthusiast Jan 2014 #38
the disparity and criminal nature heaven05 Jan 2014 #40
recommended. Chart showing income inequality growth in various nations. U.S. leads the way! Bill USA Jan 2014 #42
Savvy! blkmusclmachine Jan 2014 #43
It IS called a "trickle," you know. Like condensation, something you flick off with your fingers, blkmusclmachine Jan 2014 #44
The awful truth. I have to say, though, the wording of Byanyima's quote is somewhat vague. Dark n Stormy Knight Jan 2014 #47
FreeDumb! GeorgeGist Jan 2014 #48
Just bitching among ourselves is not going to solve the problem. AdHocSolver Jan 2014 #53

The_Commonist

(2,518 posts)
16. And revolution is in the air.
Wed Jan 22, 2014, 12:21 PM
Jan 2014

I see or hear some reference to revolution just about every day now, OTHER THAN ON DU. Just to make that clear. DU is always ahead of the curve, but now it's normal people doing normal things that are beginning to talk about it. Really, since the Occupy movement.

It's in the air, it's coming and it will most likely be ugly. There is a chance for it to be peaceful, but that will require some compromise on the part of those 85 people and their peers and lackeys. And they are not known for compromise. They don't live in the normal world of human beings, and they have no idea that they are as wealthy as they are.

The simplest thing is for all the rest of us to just stop buying their products, and borrowing their money and paying it back with interest to pay for those products. That may be difficult for most people to do, but it's easy to understand.

Starve the beast.

lark

(24,344 posts)
27. Quitting banks is easy
Wed Jan 22, 2014, 01:25 PM
Jan 2014

Go to a credit union. Pay cash for everything - no exceptions except a home. If you need something, save for it. We have only used our cards to hold reservations for us for the past 5 years and have not felt any pinch. I'd like to stop buying perscriptions here, but don't know of a good reputable company overseas to buy from. Anyone have any good, reliable sites they've used for awhile?

caledesi

(11,903 posts)
51. My husband and I went straight a credit union and never looked back! (about 6 mons. ago) nt
Wed Jan 22, 2014, 11:24 PM
Jan 2014

elzenmahn

(904 posts)
54. I've been with credit unions for 20 years...
Thu Jan 23, 2014, 10:28 AM
Jan 2014

...better service, equal to better interest rates, and best of all, it's another term for "co-op" banking: the depositors own the institution, not Goldman Sachs. And you're money is insured, just like at a bank.

I'm never going back to banks if I can possibly help it.

WHEN CRABS ROAR

(3,813 posts)
30. Yes we do vote with how we spend our money, very important,
Wed Jan 22, 2014, 01:37 PM
Jan 2014

But to have a peaceful revolution will require a large majority of our population to agree on what the real problems are and then have the resolve and patience to force a peaceful change, something I don't see happening soon.

Most in our culture want instant overnight change, that kind of change rarely lasts, we need to take the time for the populace to understand and bring about meaningful change, not just a reaction.

But yes, we need a revolution in our thinking on many levels (economic, MIC, conflicts, population, resources, environmental, pollution, etc.) and that has to be worldwide in scope.

We are at the crossroads.

 

heaven05

(18,124 posts)
41. +1000
Wed Jan 22, 2014, 04:30 PM
Jan 2014

for reasonable, logical summary. Yet, hot points of social upheaval are rarely thought out or through. Many, many issues have to be addressed.

A Simple Game

(9,214 posts)
49. I think the tipping point is fast approaching.
Wed Jan 22, 2014, 09:28 PM
Jan 2014

I think a lot of tipping points are approaching.

Some just never learn from history.

 

Scuba

(53,475 posts)
4. Trickle down hasn't worked yet, but just needs a few more decades, kinda like the Cuban embargo.
Wed Jan 22, 2014, 11:05 AM
Jan 2014

90-percent

(6,909 posts)
5. The Cuban embargo
Wed Jan 22, 2014, 11:12 AM
Jan 2014

Has been wonderful for keeping American cars from the 1950's in continuous operation there.

Pictures of traffic in Cuban cities look like they could have been taken fifty five years ago.

I'm a car guy. I had to post this.

-90% Jimmy

 

Mika

(17,751 posts)
56. Jimmy, only a small percentage of cars in Cuba are old American cars.
Fri Jan 24, 2014, 06:37 PM
Jan 2014

The VAST majority are Russian, French, Spanish, and various Asian cars.
Also, MOST old US cars in Cuba have transplanted engines from non US cars.
I've lived in Cuba, and been there many many times.



Bjorn Against

(12,041 posts)
6. It is time to fight back against those who try to make redistribution a dirty word.
Wed Jan 22, 2014, 11:12 AM
Jan 2014

Clearly redistribution has become a necessity, no one can claim with a straight face that those 85 people deserve it because they worked harder. I can guarantee you that those 85 people did not produce as much as the bottom 3.5 billion, a large number of whom hold manual labor jobs that involve back breaking work that you never see any of the CEOs doing.

 

Mika

(17,751 posts)
57. Redistribution isn't a dirty word when it is going to the top .001 percent ...
Fri Jan 24, 2014, 06:39 PM
Jan 2014

... in our corporocratic media.

 

Coyotl

(15,262 posts)
7. K&R. Also staggering, they are able to do so. We have a global cultural problem to resolve.
Wed Jan 22, 2014, 11:15 AM
Jan 2014

Inequality is also a international issue because the individuals of privilege are protected by the nations of privilege. The nation-states are to a great degree tools of creating and protecting the status quo of that privilege.

Half-Century Man

(5,279 posts)
11. One wonders if the 85 have 3.5 billion bullets.
Wed Jan 22, 2014, 11:51 AM
Jan 2014

One day, they may have a need for them. The day that living is more frightening than bullets.

Amonester

(11,541 posts)
20. The bad news is, they don't need any out-dated bullets, since they control high-tech drones, and...
Wed Jan 22, 2014, 01:08 PM
Jan 2014

... nukes (bio-weapons not included).

Half-Century Man

(5,279 posts)
24. Unless they have them on hand, at their homes.....
Wed Jan 22, 2014, 01:19 PM
Jan 2014

the 99% includes the military forces.
The lower tier Powers That Be will join the masses hoping to become the new top tier. It is always a crap shoot with insurrection.

Amonester

(11,541 posts)
25. I don't believe the military forces cannot be bought and paid for.
Wed Jan 22, 2014, 01:23 PM
Jan 2014

Look at Ukraine... LOndon... Bejing... Irak... et al.

And I hate to be the realistic pessimist here.

cer7711

(531 posts)
12. Don't Step In the Leadership
Wed Jan 22, 2014, 11:53 AM
Jan 2014

The elites have failed us.

See the trenchant, timely criticism of: Chris Hedges, Robert Reich, Noam Chomsky, Barbara Ehrenreich, et. al.

The only question now is: What are we going to do about it? You know, us--"the people we've been looking for"--that hyper-stressed, economically-downtrodden, servile class of consumers who've had "learned helplessness" beaten into them by autocratic family, anti-reason church and fascist state. (To say nothing of the "terminate-at-will" corporate workplace, eh?)

How do you teach people to exercise their democratic freedoms when, in a very real sense, THEY'VE NEVER HAD AN EXPERIENCE OF DEMOCRACY OR GOAL-DIRECTED DEMOCRATIC ACTION IN THEIR LIFE?!

pauldp

(1,890 posts)
15. The ruling elite are unfit to rule.
Wed Jan 22, 2014, 12:18 PM
Jan 2014

Just think of the incredible suffering that could be eliminated if those 85 decided to give a damn.

cer7711

(531 posts)
18. Will You Please . . .
Wed Jan 22, 2014, 12:47 PM
Jan 2014

Last edited Wed Jan 22, 2014, 03:38 PM - Edit history (1)

. . . write that single sentence on a postcard and send it to all 85 concerned?!

I'm only half-joking.

Point well and succinctly made!

 

Demenace

(213 posts)
22. Yes, these 85 people do give a damn ... it is not just about you and I!
Wed Jan 22, 2014, 01:11 PM
Jan 2014

Want to make them give a damn about you, make them notice you that is how!

Think about this, 85 of them and over 3 billion of us, we need to give a damn about us by stopping the divide among us. Occupy was a good starting point until the Occupy movement failed to understand the need for one common course and the determination to stay on that one course which in the end would have resolved all the other 3 thousand dividing courses, they chose to pursue.

That ladies and gentlemen, is what we should give a damn about - maintaining one course regardless of where on this planet we find ourselves. The one course that these 85 people and their immediate support circle need to give a damn about us as their survival is dependent upon our ability to also survive and this is simple to achieve if we only understand that the only thing stopping us is us dividing ourselves.

 

Spitfire of ATJ

(32,723 posts)
19. A Republican would claim those 85 are "job creators" for the 3,500,000,000....
Wed Jan 22, 2014, 12:57 PM
Jan 2014

But the 3,500,000,000 are too lazy to work and expect a handout.

Jessy169

(602 posts)
21. Look at the "bright" side
Wed Jan 22, 2014, 01:08 PM
Jan 2014

If any significant amount of the wealth held by these 85 fat-cats was redistributed to the "little people", one thing we can be sure of, and that is that consumption of energy and natural resources would go UP.

A guy who has umpteen trillion $$$ in digital money sitting in some offshore bank account could probably care less about whether he adds another few billion or trillion to that amount. His account is just a place to stash all of the QA billion$ that the Fed is regularly printing. It isn't like he can spend any significant portion of it. It just sits there.

But if the hungry masses get their hands on that money, they WILL spend it -- on cars, houses, gadgets, vacations -- everything. And in a world where population is exploding exponentially and resources are declining as fast (or faster) than population is growing, do we really WANT to raise the consumption level of the teeming masses?

This is an "inconvenient truth" for DU'ers -- but one that needs to be faced head-on anyway.

Or, are there other points of view?

 

Demenace

(213 posts)
23. Wow - No wonder these 85 people and their immediate support circle will never give a damn...
Wed Jan 22, 2014, 01:18 PM
Jan 2014

So in your eminent wisdom, the only thing the masses will do is buy cars and consume more? It is this dividing trait among us, the masses, that drive the nature of these 85 people. For they understand us more than we understand ourselves!

Dude, the people you defending are singularly focused on getting rich regardless of the consequences! we, the masses, have to focus singular mindedly on making them give a damn about our collective survival.

Jessy169

(602 posts)
26. I never claimed "eminent wisdom"
Wed Jan 22, 2014, 01:25 PM
Jan 2014

Just putting out a point of view and looking for other points of view. Yes, it is a fact, that if/when the lower and middle income classes get more money -- they spend it. That is fact. Whether on food, shelter, transportation or entertainment -- or something else -- it gets spent, and THAT spending translates to consumption of natural resources.

If you haven't realized yet that the human race is like a virus on the face of planet earth, eating up and consuming every possible source of energy -- then you haven't stepped back and taken a good look yet.

Releasing a trillion or more dollars into the American economy would raise the demand on oil, gas, electricity and other resources past their breaking point. And that is also a fact.

It is tough to deal with, I know, but it is better to recognize the truth rather than find ways to not deal with.

 

Demenace

(213 posts)
29. You assume again that the rest of the world is America...
Wed Jan 22, 2014, 01:36 PM
Jan 2014

The people you are talking about are already here on the planet and do have a right to survive and their level of consumption has little or no impact on your concerns. You are still defending the 85 people and their immediate support system which is reflected by the American consumption society which again is not the rest of the world who if I must remind you deserve to survive.

Guess whose cars, industries and jets are impacting the earth - Answer: these 85 people and their support system which you are defending. Please, go ask them if they give a damn about their impact on the planet?

So, the masses and I do not give a damn about the impact on the planet.

Your argument is the same as the trickle down theories this thread is talking about, care about the rich because somehow something will trickle down from their getting rich to you and we all know this is not true.

The rich need to give a damn about the rest of us 3 billion because if they do, they (the rich and this planet) will survive, period!

notemason

(572 posts)
32. Another POV
Wed Jan 22, 2014, 01:55 PM
Jan 2014

Then let the 85 install solar panels on every home so those “breaking points” disappear. Let them rebuild the infrastructure. Let them clean up the streams and oceans and get the mercury out of our fish. Let them feed the hungry. Let their legacy be that their success was used for the benefit of the entire tribe, not just their selfish interests. These are the by products of their attainment of wealth, let them clean up their own mess.

The_Commonist

(2,518 posts)
34. Ah yes, there's that old "the human race is like a virus" meme again.
Wed Jan 22, 2014, 02:11 PM
Jan 2014

FALSE!

The human race is just fine. And it was fine for a million years, until a few thousand years ago. And there are still cultures that are not virus-like. The human race can be fine again, except for 85 or so sociopaths who keep us mired in the muck of their greed.

It's a particular way of living that causes us to be "virus-like." And that way of life is not "human nature." It's a particular lifestyle, which includes turning atoms and energy into pieces of metal and paper and zeros and ones in computer spreadsheets, and then a few individuals hoarding vast amounts of that "wealth."

Granted, most people want stuff. But frankly, most people are and can be fine with just enough stuff to be comfortable and safe. Most people don't need to hoard vast amounts of zeros and ones in computer spreadsheets. The hoarders have convinced you that this is the way it should be done, that this is "human nature" and that we are a virus. It's how they justify and how they get YOU to justify their greed.

My 2 cents, and that's all it's worth.

 

Spitfire of ATJ

(32,723 posts)
45. Good thing a lot of those poor people on the planet don't know about modern stuff....
Wed Jan 22, 2014, 05:05 PM
Jan 2014

....oh wait,...they DO.

dotymed

(5,610 posts)
28. I may sound like a broken record....
Wed Jan 22, 2014, 01:29 PM
Jan 2014

IMO the only chance we have for a peaceful revolution is to elect Bernie Sanders as POTUS.
FDR proved that one man, in that position, can make a difference.

quakerboy

(14,206 posts)
35. I would love to see it boiled down even further
Wed Jan 22, 2014, 02:12 PM
Jan 2014

The richest person in the world has more money than the poorest ____ Million (it has to be at least 41 million)

TBF

(34,759 posts)
36. And people accuse me of "fake outrage" -
Wed Jan 22, 2014, 02:44 PM
Jan 2014

the guilty parties ought to be choking on their words by now.

Ian_rd

(2,124 posts)
37. Totally nonsensical statistic. Those 85 would never ...
Wed Jan 22, 2014, 02:54 PM
Jan 2014

... be caught dead riding a bus.

Proud monthly contributor to Oxfam!

 

heaven05

(18,124 posts)
40. the disparity and criminal nature
Wed Jan 22, 2014, 04:25 PM
Jan 2014

of such out of proportion numbers is staggering. This is not right. People will get fed up though, sooner or later. Always have, always will.

Bill USA

(6,436 posts)
42. recommended. Chart showing income inequality growth in various nations. U.S. leads the way!
Wed Jan 22, 2014, 04:38 PM
Jan 2014
 

blkmusclmachine

(16,149 posts)
44. It IS called a "trickle," you know. Like condensation, something you flick off with your fingers,
Wed Jan 22, 2014, 04:49 PM
Jan 2014

something that is not part of the contents of a cup or glass, and something you don't value.

Dark n Stormy Knight

(10,050 posts)
47. The awful truth. I have to say, though, the wording of Byanyima's quote is somewhat vague.
Wed Jan 22, 2014, 08:30 PM
Jan 2014

Does half of the world's population own tiny elite, whatever that is? And why do the elite have numbers they put on busses?

Yeah, I know what it means, but it's not gonna get through to most of the 3.5 billion who ought to be pissed off about this.

AdHocSolver

(2,561 posts)
53. Just bitching among ourselves is not going to solve the problem.
Thu Jan 23, 2014, 02:52 AM
Jan 2014

We need to start imagining a strategy to enlighten the 99 percent, or at least a significant number of the 99 percent, to the reality of the economic and political situation.

For example, the 1 percent don't just decide to "create" jobs just because they get a new tax incentive. There first has to be a demand for a product, that is, companies first have to see a "demand" for a product or service before they do any hiring.

In fact, the greatest number of jobs created by the corporations due to tax decreases for the 1 percent have been in China and other low-wage countries.

Another propaganda theme by the 1 percent is that the stock market "drives" the economy. The reality is that the stock prices go up when companies reduce their number of employees whether after buy-outs or mergers, or by outsourcing.

And, don't bury the reality by displaying a bunch of meaningless graphs, charts, and tables. We are not trying to convince a bunch of economists or statisticians what the reality is.

So let's start thinking of how to counteract the propaganda and influence of the 1 percent.

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