asg70 wrote:SeaGypsy wrote:The rentier class is bleeding the working poor to death...
Yep. How about that PStarr? Enjoying bleeding the working poor to death?
NO TROLLING.
asg70 wrote:SeaGypsy wrote:The rentier class is bleeding the working poor to death...
Yep. How about that PStarr? Enjoying bleeding the working poor to death?
GHung wrote:I wonder how the 400 million chinese feel about this ...you know...the ones who abandoned the toil of rural agrarian subsistence farming to the factories of mega metropolis urban areas during the past 25 years
I wonder how many wish they could go back but are now trapped in lives where the grass was supposedly going to be greener.
SeaGypsy wrote:The clear issue is the absurdity of a few cubic meters of space in a concrete & glass box is worth decades of work for the average mug punter. Only two things make this so- deliberately restricted supply & collective obeyance (thou shalt not gang up & build slums).
The article i pasted a link to above & my OP point to the fact the world is running out of worthwhile investment opportunities. There's still surplus wealth being created, but investing in social capital per-se is a no-no, giving stuff away for free, anti capitalism. Capitalism being so damned good, everyone wants to be a successful capitalist first & foremost- philanthropy barely rates a mention & even then it's as a quirky guilt appeasement for multi billionaires.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Modern business theory in the USA/Europe and those places where the World Bank holds sway are based on strict financial accounting and completely ignore the social accounting that goes with long term stable elite status.
Why big CEOs love the GOP tax plan
The Republican tax plan offers multiple benefits to Cohn’s “big CEOs”:
It reduces the corporate income tax rate, which boosts corporate profits and therefore share prices. Since most CEOs’ compensation is linked to share price performance, that means CEOs benefit directly.
It lets companies take cash that’s been stashed tax-free in foreign subsidiaries and use it for dividends or buybacks that also boost share prices.
The changes to the rate structure mean that very high-income people will pay lower income taxes.
Repealing the estate tax helps you if you manage to amass an $11 million fortune, which big CEOs tend to do but family farmers don’t. .....
https://www.vox.com/policy-and-politics ... n-tax-plan
Tanada wrote: The Adulation that used to go to your local noble or high church leader is now invested in the celebrity elites. It has almost nothing to do with the extravagant lifestyles every elite lives with, and everything to do with the social connection those celebrities make with the lower classes.
Ibon wrote:Tanada wrote: The Adulation that used to go to your local noble or high church leader is now invested in the celebrity elites. It has almost nothing to do with the extravagant lifestyles every elite lives with, and everything to do with the social connection those celebrities make with the lower classes.
I was wondering if this is as powerful with the emerging generation as it was with ours. Celebrities got a lot of attention when the major venue was television and movies. Today's generation is immersed in their inter active digital worlds are entertaining themselves and each other. Who needs a celebrity when being a narcissist is more than enough?
Don't celebrities play an increasingly minor role? TV viewership among millennials is dropping fast.
Who are the celebrities today actually? I am so out of the mainstream pop culture I have no clue.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Ibon wrote:Don't celebrities play an increasingly minor role? TV viewership among millennials is dropping fast.
Who are the celebrities today actually? I am so out of the mainstream pop culture I have no clue.
SeaGypsy wrote: Someone in deep debt is called 'home owner' because their name is on the title, the bank's lien on the property is ignored. 'Average wages' are touted as calculated by the total wage pool divided by the total wage earners- skewed massively by the top few percent. Very few people are educated/ learned enough to realize the fabrication of reality we are fed daily through all forms of media.)
SeaGypsy wrote:Someone in deep debt is called 'home owner' because their name is on the title, the bank's lien on the property is ignored. '
Ibon wrote:This is a truly dystopian nightmare world that many have become so habituated to they can not recognize the nightmare.
asg70 wrote: To someone like me, even the 1980s feels like a lost golden age. To millennials, many of them think today represents the best of times thanks to Netflix, XBox, free streaming porn, and Tinder hookups..
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