My Take on 99% Vs. 1%

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Well, there is so much in the news today about the 99%ers and the #Occupy Wall Street so I thought I would add my 2 cents on the subject.  It is a fact and has been for quite some time that the middle class is growing more and more a thing of the past and has almost become extinct.  It has actually amazed me at how long it has taken the general population to stand up and say something, but then again as long as there is some food on the table and some form of entertainment, the masses will remain distracted. How sad.

One simple fact that I am not sure if the 1%ers realize is, once there is no longer a middle class, who is going to be able to even afford to buy anything anymore which is the only way that anyone can be on top in the first place?  I am in no way shape or form in favor of communism and socialism, in fact, although China is a “communist” government they are more capitalist than the capitalist and have been going in that direction since Deng Xiao Ping.  Communism simply does not work, in that, the great majority of people will never be motivated enough to produce unless they are gaining greater benefits from their labor for themselves.  The ridiculously scary thing about the current economic climate is, as it stands today, what the 1%ers are doing is they are forcing the masses into a socialist mindset because the American dream is disappearing!

I am all for capitalist gain, earn your fair share, but when it  comes to the point at which it begins hurting the overall economy, penalizing the rest of the population pushing them to extremes such as we have today where a large number of people are unable to find work due to the continual failing of middle size businesses, then that is like shooting ourselves in the foot. This all started back with the deregulation era when Reagan was president which seemed so great at the time and was heralded as genius and dubbed “Reaganomics”. Unfortunately, the same group of financiers are still steering the ship!  We talk about how bad dictatorships are, but then by allowing this type of economy to go on unregulated, before you know it we are creating a dictatorship of our own, not through violent means, but through voluntarily giving up our financial independents by wrecking the overall economy!

I don’t really like civil unrest, protests and mudslinging, and the blame game scenario of today.  However, I do feel that change must come and come soon, otherwise the 1%ers will have no kingdom left to rule over and the 99%ers will all be on street without home or food!  And not all of the wealthy are to blame either, there are so many of them who are wonderful and have gained their honest share.  Wealth is good, wealth is what you deserve when you have worked hard for it, made sacrifices to build your dream, but when it then becomes greed  to the hurt of your neighbors, community and nation then it is no longer a continuation of the “American dream”, it can only become an American nightmare!

Those are my thoughts for what they  are worth!  What are yours?

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Showing 4 comments
  • Lisa
    Reply

    I’m glad to see people waking up but I think their anger is misdirected at Wall Street instead of Washington, DC.

    Greed is a problem but it’s not something that can be regulated or de-regulated.

    I believe some of the problem stems back to Bill Clinton when he believe everyone should own their own home. It promoted paper-thin downpayments and pushed for ways to get lenders to give mortgage loans to first-time buyers with shaky financing and incomes.

    You can read more of it from Bloomberg http://www.businessweek.com/the_thread/hotproperty/archives/2008/02/clintons_drive.html

    I don’t have the answers but I think there is too much bickering happening in Washington and not enough solutions being brought forward and implemented.

    • Rusty
      Reply

      THank you so much Lisa for your thoughts! You brought up some very valid points! The greatest problem is the disunity that is being created because a “house divided against itself cannot stand!” Arguing and diunity just wastes time and solves nothing! Thank you as always Lisa!

  • Amber
    Reply

    Great posts. I agree that DC is also to blame (though I think they are protesting in DC, too) and that there are many generous wealthy folks.

    However, I would disagree about being able to regulate or deregulate greed. Why is that not possible? We do it with kids all the time. When they won’t share their toys, we make them do it and consider it an important lesson in sharing.

    I would also disagree about Bill Clinton being primarily responsible for the debt problem in the U.S. Yes, he may have said that everyone should own a home, but he certainly didn’t tell the banks to make that happen at all costs (i.e., making extremely risky investments that ultimately did not pay off for us, but which were cushioned (bailouts) for them). Since when do we blindlessly follow one sentence that one man (or woman) says? It’s certainly not a democrat v. republican issue.

    • Rusty
      Reply

      Hi Amber! Wow thank you for your comments! I love it when people speak their mind and am thankful for your thoughts on the topic. I am not able to cover all that I would like to in one post, but what you mentioned about Bill Clinton not being the ONE that caused the problems that we are now suffering the consequence, you are absolutely right. The problem really does not lie in one Party or one president being the ONE, the problem is that in each administration, the very same ones have been appointed NOT elected into the same position of tending to our economy. This same interest group has maintained control now throughout all of the administrations from the time of deregulation until now. It seemed good at the time, it brought prosperity to many, only on paper for many but real cash for a few. Now what we have left are, those who are losing everything because their loans were built on virtual funds, non-existing funds, and those who are inheriting the wealth through greed and who have held on to power NOT through the democratic process but rather by appointment only. Why, because they hold on to the purse strings and it really does not matter what any future President may promise, they are powerless in the end to perform. These are the ones to blame! Try taking this to a good study and find out for yourself of whom I speak. Or you can watch the very well made documentary “The Inside Job” narrated by Matt Damon, it may help shed some light on this whole topic. Wow I almost wrote a whole post! Thank you again Amber!

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