'MARK WAYNE
MOHR'S FINAL DYING WORDS'
CHAPTER
THIRTEEN, LADIES AND GENTLEMEN, DON'T IGNORE!
Source:
Thinkstock
A
stagnant economy has undoubtedly put a lot of financial stress on
the middle class. And that is bumming out America’s 1
percenters. “Our country is rapidly becoming less a capitalist
society and more a feudal society,” entrepreneur Nick Hanauer
wrote
recently in Politico, in an open letter to “my fellow
zillionaires.”
Hanauer —
an early investor in Amazon (AMZN)
who says he has been involved with more than 30 startups —
cites the well-documented rise in income inequality during the
past 30 years as the ultimate cause of a Mad Maxian dystopia he
envisions. "If we don’t do something to fix the glaring
inequities in this economy, the pitchforks are going to come for
us," he writes. "One day, somebody sets himself on
fire, then thousands of people are in the streets, and before you
know it, the country is burning. And then there's no time for us
to get to the airport and jump on our Gulfstream Vs and fly to
New Zealand."
He’s
not the only wealthy worrier. Venture capitalist Tom Perkins
complained earlier this year about the “persecution” of the
rich through high taxes, while magnates such as Sam Zell, Wilbur
Ross and John Mack have
griped of late about the unschooled masses scapegoating
America’s moneyed elite.
Chill
out, rich folks
The
rich ought to chill out. While the masses may envy their wealth,
there’s no evidence of a revolution brewing, or even a
well-behaved civil disturbance. Americans are clearly dismayed at
the direction
the country seems to be heading, but they are also docile in
the face of decline and confused about possible solutions.
Hanauer fears mobs heading for the castles of Greenwich and Palo
Alto, but America’s disaffected these days are more likely to
vent their rage behind closed doors as they shake their fists at
Fox News or MSNBC and leave cranky comments on websites such as
this one. If there’s a populist threat to the plutocrats, it’s
years or even decades away.
Here’s
the proof: Before the pitchforks, there will be higher taxes on
the wealthy — yet there’s meager support for more
redistribution of wealth. Polls show that slightly more than half
of Americans favor
raising taxes on the wealthy for specific causes such as
helping reduce poverty, which makes it sound like tax hikes have
widespread support and are inevitable. But here’s the catch: An
even higher portion of Americans are disgusted
with the government, with little trust that it spends tax
money wisely. That’s why Republicans can consistently block tax
hikes on the wealthy with little payback at the voting booth.
If
there’s simmering outrage at this state of affairs, it’s not
evident in the public square. The “Occupy” movement against
the financial elite enjoyed a moment in 2011 but has largely
fizzled. Hanauer argues that the occupiers helped sharpen the
focus on income inequality, but The Tea Party is probably a more
lasting phenomenon. And the Tea Party's gripes about the wealthy
are limited to corporate welfare and crony capitalism that puts
government bureaucracy at the service of the rich. As for wealth
and income inequality, the Tea Party generally takes a
laissez-faire, free-market view: Those who can get rich, should.
Labor
unions have represented the workingman’s concerns for a
century, but they’re on the wane, too. Union membership has
been in steady decline for at least 30 years, with no rebound on
the horizon. The United Auto Workers couldn’t unionize a
Volkswagen plant in Tennessee earlier this year, even with the
tacit support of the company itself. Michigan became a “right
to work” state in 2013, diminishing the power of unions in
their own backyard.
More
power for the wealthy
The
Supreme Court, meanwhile, has enhanced the power of the rich
through two decisions during the past several years that have
eviscerated limits on campaign donations to political causes and
candidates, which favors those with millions to spend to
influence election outcomes. Two well-regarded academics, Martin
Gilens of Princeton University and Benjamin I. Page of
Northwestern University, argued
in a recent paper that economic elites have gained so much
power that “America’s claims to being a democratic society
are seriously threatened.”
Hanauer
sounds more like President Obama than a self-important plutocrat
when he suggests ways to even out the wealth and income gaps. He
favors a minimum wage of $15 per hour and chides wealthy business
owners who feel they, rather than their customers, make the
economy hum. "We rich people ... have convinced ourselves
that we are the main job creators," he writes. "It's
simply not true. There can never be enough superrich Americans to
power a great economy."
Most
economists would agree with that, but Hanauer risks hyping the
consequences of a growing wealth gap when he warns that
“revolutions, like bankruptcies, come gradually, and then
suddenly.” That may be true in repressed states that don’t
allow ordinary people to express their frustrations. But in
functioning democracies (and even in the United States), there’s
plenty of warning when social unrest is percolating. These days,
all you have to do is read the blogs and follow the right Twitter
(TWTR)
accounts. If you do, you’ll encounter plenty of angst — but
not much revolutionary zeal.
The
economic trends Hanauer identifies are, in fact, real problems.
America as a whole will suffer if the fortunes of the middle
class don’t improve. There are solutions, however, and they’ll
probably materialize in the usual American way — right before
disaster strikes. It’s nearly inevitable there will be
government spending cuts and, yes, tax hikes, when the
government’s finances become unsustainable, which could take a
decade or more. When it happens, the politicians in Washington
will find ways to spread the pain around and America will muddle
through. The rich will have to pay more, but they’ll still be
rich. And they still won't have to worry about pitchforks.
Rick
Newman’s latest book is Rebounders:
How Winners Pivot From Setback To Success. Follow him on
Twitter: @rickjnewman.
- Banking & Budgeting
- Nick Hanauer
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What to read next-------YES BY ALL MEANS, TELL US DRONES. WE ARE ALL SO PATHETICALLY STUPID, AFTER-ALL!
WOW-WOW-WOW-WOW-WOW-WOW!!!!
Sidekick More Market News....That's OK.
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I
REALLY WOULD LISTEN UP HERE, IF I WERE YOU-YOU'RE CHOICE.
This
is merely the surface scratch printed attitudes of the world-owner
brats who were born with silver spoons in their mouths for 90-99%
likelihood, and how they view us victims of their eventual
legal-criminality, to quote my now late and highly intelligent
father. One jeer after another at all of us and our ways of life, it
is all through that little story I have shared with you, but wait, as
they say on so many fucking infomercials, because ''THERE'S SO MUCH
MORE''. Still I just want anyone that is fortunate enough to be poor,
or just, NOT-RICH, to come and stumble onto this blog, if not now,
who can know, maybe a year or ever three years from now. Let them all
relax and laugh at OCCUPY and folks like me and us, because they
must. They know the alternative is too horrible to fucking ever
really face up to. If it came to blows for real, not just their
blood, but watching entire wealthy families, sliced up in meat
grinders like in the days of the great royalty of France and Marie
Antoinette. She had this same attitude, and she thought she would go
to her ugly old miserable grave, rich as shit, happy and free, and at
least, safe. But one day, as the article reminds everyone, shit
changed real quickly. When it did, they were beheaded, and worse. Now
this blog is by no means an incitement of violence. I hope sincerely
to be long fucking dead before so much as the smallest national
revolution were to really ever taking off. But what I like, or what
they like, is not one and the same with what will or will not, happen
eventually. History so far shows that we one percenters can be
appeased only so long with our rock concerts and DVD's and so fast
cars and clothes and lots of toys for the ordinary nobody's, you
know, shit that's allowed us on our very limited budgets, to keep our
minds OFF REVOLTING against these arrogant mother fucking total
pig-shit slobs. Yes, I hope to be long dead and gone before any of
that happens, should it happen. My only motive for bringing you these
pasted in words from this pile of human chew-turd and so many
wealthies just like him, is to keep you aware and force your blinders
and rose glasses off your faces. Because people, if you don't see
that this is the most monstrous snow job since Antarctica invented
snow and began spitting it all around our world, well, then there is
no hope for any of us, not now, and not ever, and then, honestly, the
world SHOULD belong to dudes and duddesses, just like this pile of
disgusting rich rubbish, who I was kind enough to share his words on
my blog about. If none of you care at all any more, than fine, why
shouldn't they own us all, and own the land, and tell us all what to
do and how to live and all of it? Hay folks, Mashell Daniels said it
all back in 1980 at the RPL Sound Recording Studios. Everyone, this
writer, that writer, EVERYONE is entitled to two things, one, to have
their opinions, and two, to express them without fear of reprisal and
punishment. Now poor folks, laugh with me on that final part, all the
way to the poorhouse and back. AHA-AHA-AHA, right Mike MMCN from 1971
out in Exton, Pennsylvania??????????
What
you need to see is that the rich don't mean any of us 99ers one bit
of good. They would be more than happy to have one of two sick
fantasy's of their come true tomorrow morning. One, we all legally go
back to slavery, and they actually absolutely own our lives, our
children, our property. At first this may seem to be more civilized
than the horrendous treatment or mistreatment of the African American
slaves. But humans very quickly change and adapt and justify and
rationalize and I could go on with stupid adjectives, proving only
that I read books that are written by Tolstoy and others like him,
and can speak when I want to, and am perfectly happy with hood-talk,
BRO, YO! Still, in no time at all, we would be, a bunch of poor
slaves, and we would be in the hands of these masters who would
indeed rape our daughters, beat us if we objected, and all the other
possible nasty horrendous things that you might think up if you grab
a bottle of hard liquor right now, and sit down all alone, and begin
to see just how horrible this shit all really is, and JUST HOW DAM
SOON, it will be ushered into American and even new age
Global-Society, you just watch. I will be dead and gone, praise the
lord, I am 60 and unhealthy, I have only months, maybe years, not
many of them. But those of you in your forties right on down, I say
unto ye, GOD BLESS YOU IF YOU ARE NOT REAL RICH, very soon.
Politicians will never let this happen you say. Do yourself a favor.
Really get into the Holocaust history someday at a library, get a
study group together. Screw the dam past, the Jews can take care of
themselves, goddess bless them, but you need to study this nightmare,
to save YOU and to save your poor loved ones. You'll quickly come to
learn just how an entire otherwise pretty dam good governing body
such as Germany in the early 20th century, could and DID
allow such horror to really happen. So if you close down my words
laughing, then you're a dam fool. It happened before, and there is no
reason this will not happen again, unless we stop it. Don't get
violent, don't revolt. But there does have to be a second or an
alternate road to begin driving our forces down, if for no other
reason, than to procrastinate the inevitable of another and maybe
worse, repeat of Nazi Germany last century. It's coming, and if you
read that rotten article I just posted a couple of times, you WILL
want to get a dart board and darts, and find out what the person's
face looks like, to attach it to the dartboard. Morianity never ever
will tell anyone to do anything illegal, or criminal, which of course
violence speaks for itself unless it is done to preserve or protect
ourselves. This is not giving out ideas, and nothing I could ever
think up has not already been printed up in a hundred powerful and
yes, interesting, series of books of all kinds of dirty tricks,
spewing out more hate than my blogs ever could all put together and
multiplied by a million. The real answer, is for the poor to somehow
organize, it would be very complex, and would take a while, and if
nothing else, it would buy us some time to fight these power-monger
world owner controller people, who will get their way, one way or
another. God help Planet fucking Earth, and I genuinely mean that,
folks, I truly do!!!!!!!!!!!!!!! You really do need to read CH.-12!
THIS
PARTICULAR WRITING TERMINATES HERE!
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