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96-99%'rs ... YOU ARE the 99%


jacee

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It will suck for you guys if we take our ball and go home, ask Chavez.

Last time US oil corp thugs threatened the border from Columbia, Chavez called in Russian warships ...

Venuzuela owns its oil.

Canada should too.

And I'm leaning towards building refineries and employing Canadians and doing it by ourselves ...

Maybe collectively ... :)

Edited by jacee
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Let's look at this another way, IF Europe goes belly up, then the US and then Canada will follow and all those millionaires and billionaires have further to fall, but the people at the bottom will know how to survive because they do it everyday! I can't imagine the rich eating canned tuna or kraft mac and cheese!

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More American data....come on...you can do better than that for Canadian Politics. Have some pride for Krissakes!
The mods should should move this thread to the US category or even better, the International one. But I can live with US stats.
96-99%'rs take note:

NOBODY's winning in this 'game'

EXCEPT the 1%

Check the graph ...

Well, I did check the graph. It was a little hard to read so I went elsewhere and found that the lowest quintile in the US has an after tax annual household income of about $15,300. That jibes with jaycee's link.

Average GDP per person in India (PPP) is about $3,600.

So the after-tax cut off for the lowest 20% in the US is above the Indian GDP average (assuming a family of four).

Money can be confusing so let's consider "real stuff" - at least in the US:

Forty-three percent of all poor households actually own their own homes. The average home owned by persons classified as poor by the Census Bureau is a three-bedroom house with one-and-a-half baths, a garage, and a porch or patio.

Eighty percent of poor households have air conditioning. By contrast, in 1970, only 36 percent of the entire U.S. population enjoyed air conditioning.

Only 6 percent of poor households are overcrowded. More than two-thirds have more than two rooms per person.

The average poor American has more living space than the average individual living in Paris, London, Vienna, Athens, and other cities throughout Europe. (These comparisons are to the average citizens in foreign countries, not to those classified as poor.)

Nearly three-quarters of poor households own a car; 31 percent own two or more cars.

Ninety-seven percent of poor households have a color television; over half own two or more color televisions.

Seventy-eight percent have a VCR or DVD player; 62 percent have cable or satellite TV reception.

Eighty-nine percent own microwave ovens, more than half have a stereo, and more than a third have an automatic dishwasher.

American Heritage Institute

In India, about 10% of all households own a car, and about 25% own a fridge. Some link

My point here is that the poorest 20% of Americans are in fact among the richest people on the planet - most of them even have an air conditioner. So, if you are going to point a finger at the richest 1%, you are pointing at yourself. North Americans, rich and poor alike, are the rich 1% on this planet.

*****

The US accounts for about 30% of world GDP or to put this another way, if the world had 100 kg of rice, the US would have produced about 30 kg of it.

jacee, I know that your an ideologue but consider the following question carefully: if the US gave even 5 kg of its rice to the rest of the world, would the world be a better place?

Edited by August1991
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Let's look at this another way, IF Europe goes belly up, then the US and then Canada will follow and all those millionaires and billionaires have further to fall, but the people at the bottom will know how to survive because they do it everyday! I can't imagine the rich eating canned tuna or kraft mac and cheese!

No?

I'll bet those are their secret favourite treats. :lol:

the-gap-between-the-top-001-and-everyone-else-hasnt-been-this-big-since-the-roaring-twenties

The 1% peak during recessions, which are just buying opportunities to them: It's the massive transfer of wealth (including also huge interest earned on public debt) that is the increasing income gap.

It's a scam.

And this time the "people at the bottom" will multiply and services - housing, food banks - WON'T keep up.

We've reached a threshold, the second coming of the robber barons, holding 40% or more of the public wealth ...

Recession is their business.

Recovery's not happening.

Edited by jacee
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Last time US oil corp thugs threatened the border from Columbia, Chavez called in Russian warships ...

Venuzuela owns its oil.

Canada should too.

And I'm leaning towards building refineries and employing Canadians and doing it by ourselves ...

Maybe collectively ... :)

And Venezuela can't even provide electricity for its country, has sky high inflation, and a much lower standard of living. Thank you!!!

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It give me great pleasure to say this ...

SUCKS TO BE A 1%'r, eh?

:lol: :lol:

Who says he's part of the 1%? There are a great many within the 99% who have been tricked by the 1% to defend them, in the name of "liberty and freedom and 'gov intervention is evil'".

Gramsci was darn correct:

Cultural hegemony is the philosophic and sociological theory, by the Marxist philosopher Antonio Gramsci, that a culturally diverse society can be dominated (ruled) by one social class, by manipulating the societal culture (beliefs, explanations, perceptions, values) so that its ruling-class worldview is imposed as the societal norm, which then is perceived as a universally valid ideology and status quo beneficial to all of society, whilst benefiting only the ruling class.

and

Capitalism, Gramsci suggested, maintained control not just through violence and political and economic coercion, but also ideologically, through a hegemonic culture in which the values of the bourgeoisie became the 'common sense' values of all. Thus a consensus culture developed in which people in the working-class identified their own good with the good of the bourgeoisie, and helped to maintain the status quo rather than revolting. For Gramsci, hegemonic dominance ultimately relied on a "consented" coercion.
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Guest Derek L

OK...that helps to explain part of the delta, but the difference is like $200,000. That is, the American 1% income threshold is about $400,000 give or take a few dollars, but Canada's 1% threshold is only about $200,000.

No wonder you guys are pissed! :)

The threshold to be a 1%er in Canada is only a couple hundred thousand? Does that include all forms of household income? Wow!!! Bitch’n……..I just yelled to my wife we’re 1%ers!!!……Her response, why do we live in Coquitlam and not the British Properties?

I suppose the real “fat cats” in Canada are only the .05%ers or maybe the .25%ers………And all this time I thought we were just the 1%ers bootlickers…..

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Guest Derek L

Let's look at this another way, IF Europe goes belly up, then the US and then Canada will follow and all those millionaires and billionaires have further to fall, but the people at the bottom will know how to survive because they do it everyday! I can't imagine the rich eating canned tuna or kraft mac and cheese!

We’ve got a case of KD and cloverleaf in the pantry…..

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Who says he's part of the 1%? There are a great many within the 99% who have been tricked by the 1% to defend them, in the name of "liberty and freedom and 'gov intervention is evil'".

Gramsci was darn correct:

and

Tricked???? I don't think so. All we need is stats, and the stats show that the closer we are to free enterprise, the more society prospers. He'll, china is copying our way of doing business after the soviet model was proven a complete disaster. The only people who are tricked is those buying into marx's ideology that socialism is the key to prosperity.

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...The 1% peak during recessions, which are just buying opportunities to them: It's the massive transfer of wealth (including also huge interest earned on public debt) that is the increasing income gap.

It's a scam.

It's not a scam...didn't you buy some stock today? Buy on bad news...sell on good. You too can be part of the 1% club.

And this time the "people at the bottom" will multiply and services - housing, food banks - WON'T keep up.

I sure hope not...that just encourages them to sit at home on their fat asses and watch TV.

We've reached a threshold, the second coming of the robber barons, holding 40% or more of the public wealth ...

Recession is their business.

Recovery's not happening.

Not for those who are eternal victims. They are part of the lost decade.

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I'm just happy that Jacee NEVER buys lottery tickets. If she were to win, say, the $10,000,000 prize that would make her one of the "top 1%" for 24.7 years.

However would she live with herself?

The same way those characters in Hollywood do. Preach about how the rich should contribute more and at the same time hire the best accountants money can buy to maximize income tax deductions.

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One doesn't own wealth. One earns it.

:lol: What a dopey statement to make. People come by wealth in all kinds of different ways. Some people gamble (like Goldman Sachs, or your Grandma at bingo). Some people simply inherit wealth. Some people earn it. Some people steal it. Some people just find it lying around.

But it was nice to hear a few words on economics from Ms Binghams kindergarten class!

Edited by dre
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Tricked???? I don't think so. All we need is stats, and the stats show that the closer we are to free enterprise, the more society prospers.

Absolute rubbish. How has deregulation done for the US economy recently? Compare that to the better-regulated Canadian banking system etc. Society won't prosper if there isn't a bit of sane gov regulation. Since the Industrial Revolution up to about WWII, laissez-faire capitalism proved to produce many social problems.

Show me these stats. You've been tricked i says.

Edited by Moonlight Graham
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Absolute rubbish. How has deregulation done for the US economy recently?

US economic growth has outpaced Canada on average by a significant amount:

Historically, from 1961 until 2011, Canada's average quarterly GDP Growth was 0.84 percent reaching an historical high of 3.33 percent in December of 1963 and a record low of -1.80 percent in March of 2009.

Historically, from 1947 until 2011 the United States' average quarterly GDP Growth was 3.28 percent reaching an historical high of 17.20 percent in March of 1950 and a record low of -10.40 percent in March of 1958.

US annual GDP growth has been much better than Canada's since 1980, if that be the "dawn of deregulation". Tidy banking regulation actually hindered growth in Canada.

Find out specific rates of growth for more recent periods here:

http://www.tradingeconomics.com/united-states/gdp-growth

http://www.tradingeconomics.com/canada/gdp-growth

Edited by bush_cheney2004
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Absolute rubbish. How has deregulation done for the US economy recently? Compare that to the better-regulated Canadian banking system etc. Society won't prosper if there isn't a bit of sane gov regulation. Since the Industrial Revolution up to about WWII, laissez-faire capitalism proved to produce many social problems.

Show me these stats. You've been tricked i says.

Deregulation gave he USA economy the best economic growth possible

Gilded age late 1800s

Society prospered then, why couldn't it now?

No, it was gov't intervention that caused problems. Since gov't decided to intervene more and more, there have been more and more problems.

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Tricked???? I don't think so. All we need is stats, and the stats show that the closer we are to free enterprise, the more society prospers.

Oh tricked alright ...

You show me your stats.

I already showed you mine, but here it is again.

if-you-arent-in-the-top-1-of-americas-earners-youre-pretty-much-screwed

It is a bit hard to see, but there's one line that's a shooting star - the growth of the wealthiEST 1% - and a bunch of other lines hovering around zero - the other 99% of us.

It's really quite clear.

And it's about wealth, not income.

And if you have to wonder whether you're a 1%'r ... ?You're not.

You're just tricked.

Now about those stats you want to show us ... ? :)

Edited by jacee
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