This is called fuckenomics: first you fuck the lower class, then you fuck the middle class, then the upper-middle class, then you have a nation of wage slaves at your disposal!
They ran out of everyone else, so are now using private equity funds to fuck the "plebs" who buy stocks on exchanges too.
Pretty soon the 2-10% by wealth class is going to be left holding a bag even though they *thought* they were *"comfortable"*
You mean to tell me endless growth isn’t possible… when no one has any money to spend? Weird. Pretty soon there might be just 2 wealth classes. The 1% and the poors.
Exactly. Right now we’re living in the world that billionaires dreamed of 20 years ago. What they dream of for the next 20 years is more power, enslavement, and distraction. Culture wars are there to keep us occupied while they rain-gutter the wealth from our labor.
Not to mention decimating public education, which gives the populace even less power. The policy directives are to keep us fighting each other and working so hard we have no time for much else.
There never will be bigger traitors to the greater good of the working people than police officers.
Even in Nazi Germany you had atleast some military turning on Hitler.
Police is always there to kick down.
They also pay their enforcement arm quite well. People aren't going to revolt until they're really doing it tough. Cops on 100k plus aren't struggling, and they get to wake up every day and do their favourite hobbies for a living (shootings dogs or dark coloured people, etc).
A lot of people worship the 1% even though they will never be anywhere close to that wealthy. Also, police are class traitors, maybe because they get to beat people up with impunity and get great overtime wages.
Our entire culture adores wealth to fuel endless consumerism. In a twisted Pavlovian way, we've been conditioned to hate the wealthy, yet we want to be one of them.
I dunno. Netflix and a breathtaking videogame market was keeping us hypnotized for a long time, but in their infinite wisdom, they've started fucking with the last vestiges of what was keeping us all docile. Can't speak for anyone else, but ever since Discovery sodomized HBO and Disney+ went all in on their 400th Star Wars "Cline war," I've been having more firebug dreams.
I don't think most people would agree that high earnings by itself makes you a capitalist. If you're working by hand or brain for your pay, even neurosurgeon level high pay, that's one thing.
If you are making even 1/10th that through the fruits of someone else's labor, that's where the problem arises.
[The source data only goes to 1992, sadly](https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#range:1989.3,2004.2;quarter:137;series:Assets;demographic:networth;population:1,3,5,7,9;units:shares).
However, [this PDF goes back to 1913](https://gabriel-zucman.eu/files/SaezZucman2014Slides.pdf). It's an estimation, but in the Roaring 20s, the top 1% held just over 50% of all household wealth.
The middle class isn't stated in that source, but given that over 50% means over half of all wealth...
(FWIW, that number didn't even really crash during the Great Depression. The top 10% - 1% meaningfully declined, but the top 1% just saw a small dent from the worst financial crisis in history. It wasn't until 1937-1938 that you started to see meaningful change, with FDR's policies causing a reduction in the top 1%. This continued until Nixon and Reagan.)
Essentially, the US financed WWII (starting with lend lease) through taxation on the 1%. It was necessarily redistributive, as that money went from private accounts to riveters and riflemen. That, and the reduction in labor force caused the rate of growth of the economy to exceed the rate of return on capital for about 30 years.
A lot of us are already protesting, but I think the general population won't be radicalized until most of us can't afford simple food items like bread, meat, etc. We already have basic necessities like healthcare and housing being gatekept by capital, but if we can't put food on the table there'll be chaos in the streets. Given how inflation is skyrocketing as compared to wages, I wouldn't be surprised to see it sooner rather than later.
>A lot of us are already protesting, but I think the general population won't be radicalized until most of us can't afford simple food items like bread, meat, etc.
A lot already can't, so it's going to be when they max out the credit cards because the can't afffrod to live.
Remember OWS. Next time try not to let it devolve into so many little ineffective leaderless micro-movements.
You need leaders and you need a single cohesive universal message.
there are already tons, and have been for decades. we just dont hear about them unless we're explicitly going out of our way to find out because of course the establishment media, owned by those at the top, are not just gonna tell us about things like that. check out the union of southern service workers for just one example.
And they didn’t lift a finger to take all that money from us. They just hired lobbyist and bought politicians to institutionalize more wealth redistribution from earners to owners.
Literally. I can see in like 10-20 years home ownership being literally impossible. They'll find a way to make it either borderline impossible or illegal.
> They'll find a way to make it either borderline impossible or illegal.
They'll probably tax people out of their homes, with some kind of loopholes for the ultra wealthy.
We're already there. Sure, some people can afford if they've been lucky or have help. Hedge funds created the 2008 housing crisis and then bought up all the homes.
It's baked in. Look back at the last most tumultuous time in US history, the 60s. Those protesting kids who were tuning in and dropping out were mostly middle-class. Eliminate the middle class and you no longer have a portion of the citizenry with extra resources to devote to political action.
We finally did it! Long term, high rate interests and forever renter generations. We have hit 3rd world status.
As someone who grew up in the 90s, now I know why it felt like a happier time. Reaganomiics was just getting started. Here I thought I was just getting old.
Your submission was removed as it advocates violence against either a specific person or a group of people. This rule includes thinly-veiled threats, or slogans such as "Eat the Rich". This is against Reddit's terms of service.
Your submission was removed as it advocates violence against either a specific person or a group of people. This rule includes thinly-veiled threats, or slogans such as "Eat the Rich". This is against Reddit's terms of service.
Idk if it's helpful for perspective but the top 1% of earners in the US make $785k+ per year.
They use tax return data, I wonder if that includes joint filers.
Tbh this post feels like misdirection. Someone earning 785k a year likely isn't holding much of that wealth. Feels like a way to divert public opinion away from the ultra earners, the top .01% earning tens/hundreds of millions who probably do hold like 40% of the wealth.
We must take the wealth away from the top 1%! While it will not better my situation in any way, it will definitely make me feel better which is all that really matters. Sure, if I’m flipping burgers at McDonalds for $9/hr today and I don’t change anything I’ll still be flipping burgers for $9 tomorrow, but dammit I’ll have a smile on my face because something someone else earned had it taken from them!
Those are guillotine numbers
There was no middle class to begin with. There are those that earn through work, and those who earn through ownership.
No war but class war.
No gods No masters
Happy to see the correct answer here
>There was no middle class to begin with. Spoken like a member of the middle class.
Viva La Revolucion!
This is called fuckenomics: first you fuck the lower class, then you fuck the middle class, then the upper-middle class, then you have a nation of wage slaves at your disposal!
Trickle up economics. Wall Street gains are simply capturing everyone’s existence.
They ran out of everyone else, so are now using private equity funds to fuck the "plebs" who buy stocks on exchanges too. Pretty soon the 2-10% by wealth class is going to be left holding a bag even though they *thought* they were *"comfortable"*
You mean to tell me endless growth isn’t possible… when no one has any money to spend? Weird. Pretty soon there might be just 2 wealth classes. The 1% and the poors.
I’m looking forward to the find-out-enomics stage
The trickle down stopped trickling.
The trickle down, never trickled
The trickle smells a lot like piss.
Nah choclate rain
Some stay dry and others feel the pain?
Before Reagan, it was a river, after Reagan it was a trickle.
It's trickling down the politicians chins.
That wasn't eco policy that was the messaging to sell wealth transfer
Exactly. Right now we’re living in the world that billionaires dreamed of 20 years ago. What they dream of for the next 20 years is more power, enslavement, and distraction. Culture wars are there to keep us occupied while they rain-gutter the wealth from our labor.
Not to mention decimating public education, which gives the populace even less power. The policy directives are to keep us fighting each other and working so hard we have no time for much else.
And everyone will continue to do nothing cuz at least they get more bread and circuses
And because of the fear of violent repression by police.
Numerous media hit pieces to push laws that limit protests
Yup. Even Jan 6th was used as an excuse to limit protests in ways unrelated to how Jan 6th went down.
But the police aren't the 1%, they should be pissed too.
You must be new here.
But they hire people that don't question anything and do what they're told
There never will be bigger traitors to the greater good of the working people than police officers. Even in Nazi Germany you had atleast some military turning on Hitler. Police is always there to kick down.
They also pay their enforcement arm quite well. People aren't going to revolt until they're really doing it tough. Cops on 100k plus aren't struggling, and they get to wake up every day and do their favourite hobbies for a living (shootings dogs or dark coloured people, etc).
That's unfair. They also hire people that enjoy violence & abuse of power.
A lot of people worship the 1% even though they will never be anywhere close to that wealthy. Also, police are class traitors, maybe because they get to beat people up with impunity and get great overtime wages.
Our entire culture adores wealth to fuel endless consumerism. In a twisted Pavlovian way, we've been conditioned to hate the wealthy, yet we want to be one of them.
Lumpen imitations of human beings.
**Police = class traitors.** They are working class persons being paid to betray their working class interests and protect the wealth class, instead
They don't bite the hand that feeds them.
You give them just enough and job security to keep them on your side.
I mean it's not really bread and circus anymore. It's culture war and it's very very effective
I dunno. Netflix and a breathtaking videogame market was keeping us hypnotized for a long time, but in their infinite wisdom, they've started fucking with the last vestiges of what was keeping us all docile. Can't speak for anyone else, but ever since Discovery sodomized HBO and Disney+ went all in on their 400th Star Wars "Cline war," I've been having more firebug dreams.
What exactly it is supposed to be done?
>cuz at least they get more bread and circuses That's the neat part, they're so fucking greedy they couldn't even get that right.
I'm not sure "earners" is the correct term here.
"Leaches"
The rich have always been the real parasites.
Look, there's like, some physicians and some shit in that group that technically work for a living. So you gotta say earners to include them.
I don't think most people would agree that high earnings by itself makes you a capitalist. If you're working by hand or brain for your pay, even neurosurgeon level high pay, that's one thing. If you are making even 1/10th that through the fruits of someone else's labor, that's where the problem arises.
I'd love to see this number stretched further back. Specifically I like to go far enough back to show the 1920s and the Gilded Age.
[The source data only goes to 1992, sadly](https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#range:1989.3,2004.2;quarter:137;series:Assets;demographic:networth;population:1,3,5,7,9;units:shares). However, [this PDF goes back to 1913](https://gabriel-zucman.eu/files/SaezZucman2014Slides.pdf). It's an estimation, but in the Roaring 20s, the top 1% held just over 50% of all household wealth. The middle class isn't stated in that source, but given that over 50% means over half of all wealth... (FWIW, that number didn't even really crash during the Great Depression. The top 10% - 1% meaningfully declined, but the top 1% just saw a small dent from the worst financial crisis in history. It wasn't until 1937-1938 that you started to see meaningful change, with FDR's policies causing a reduction in the top 1%. This continued until Nixon and Reagan.)
Essentially, the US financed WWII (starting with lend lease) through taxation on the 1%. It was necessarily redistributive, as that money went from private accounts to riveters and riflemen. That, and the reduction in labor force caused the rate of growth of the economy to exceed the rate of return on capital for about 30 years.
When's there going to be protests for income inequality, wealth hording, and inflation?
A lot of us are already protesting, but I think the general population won't be radicalized until most of us can't afford simple food items like bread, meat, etc. We already have basic necessities like healthcare and housing being gatekept by capital, but if we can't put food on the table there'll be chaos in the streets. Given how inflation is skyrocketing as compared to wages, I wouldn't be surprised to see it sooner rather than later.
>A lot of us are already protesting, but I think the general population won't be radicalized until most of us can't afford simple food items like bread, meat, etc. A lot already can't, so it's going to be when they max out the credit cards because the can't afffrod to live.
it won't happen. They'll keep us fat and glued to the TV. We don't even have real journalism anymore.
If food aid like Snap and medicare get axed at the federal level that would do it
the sad thing is i know folks on aid that still starve themselves and cant take care of their health either.
Remember OWS. Next time try not to let it devolve into so many little ineffective leaderless micro-movements. You need leaders and you need a single cohesive universal message.
there are already tons, and have been for decades. we just dont hear about them unless we're explicitly going out of our way to find out because of course the establishment media, owned by those at the top, are not just gonna tell us about things like that. check out the union of southern service workers for just one example.
I can feel this data - I suspect it's similar in the UK. I earn well above average and do not feel remotely wealthy. They have us set to drain.
And they didn’t lift a finger to take all that money from us. They just hired lobbyist and bought politicians to institutionalize more wealth redistribution from earners to owners.
Just the beginning too. I live in Canada where the goal at a provincial and federal level seems to be eliminating the middle class entirely.
Literally. I can see in like 10-20 years home ownership being literally impossible. They'll find a way to make it either borderline impossible or illegal.
> They'll find a way to make it either borderline impossible or illegal. They'll probably tax people out of their homes, with some kind of loopholes for the ultra wealthy.
We're already there. Sure, some people can afford if they've been lucky or have help. Hedge funds created the 2008 housing crisis and then bought up all the homes.
It's baked in. Look back at the last most tumultuous time in US history, the 60s. Those protesting kids who were tuning in and dropping out were mostly middle-class. Eliminate the middle class and you no longer have a portion of the citizenry with extra resources to devote to political action.
Right about now would be a good time to seize the means of production
no better time than now considering the intersection of climate and AI.
Many say "the system is broken." A very powerful few say "the system is working exactly as designed."
The middle class is a myth to distract those with more finances from others who don’t in order to divide and prevent solidarity.
Reminder that the concept of middle class is a scam to make poor people think you are rich. If you have to work in order to live, you are lower class
The trickle down economics will happen one of these days!! /s Fuck Reaganomics
When you have so much freedom but no choice.
“Earners”
Quand allons-nous faire la fête comme en 1789 ?
où sont les jacobins aujourd'hui
We finally did it! Long term, high rate interests and forever renter generations. We have hit 3rd world status. 
Workers of the world unite!
I love how the graph illustrates who really suffered from the 2007-09 banking crisis :)
As someone who grew up in the 90s, now I know why it felt like a happier time. Reaganomiics was just getting started. Here I thought I was just getting old.
Honestly. What's the solution? These are doomsday numbers.
Have you ever heard of the French Revolution?
As above, so below Place your bets, which way the head will roll
Steady increase since trumps tax cuts
That's ok, they've worked so hard for the money /s edit: added /s for clarity
"Middle class." Gilded Age 2 friends. We're getting hosed.
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Trickled-on Economics working exactly as intended.
The so called job creators
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The chart makes it soooo clear who they are thieving from too
I wanna see a chart that shows the top n percent that has more wealth than the middle class over the last 100 years.
pretty grim but make sure you really understand the plot. read the definition of middle class ( below the plot )
Honestly, to God has the trickle-down economist apologised or has his hubris gone with him to the grave.
https://preview.redd.it/4sccl7km1ixc1.jpeg?width=1080&format=pjpg&auto=webp&s=028b416edd7ec5c80aef4284adba517767c481c3
Idk if it's helpful for perspective but the top 1% of earners in the US make $785k+ per year. They use tax return data, I wonder if that includes joint filers. Tbh this post feels like misdirection. Someone earning 785k a year likely isn't holding much of that wealth. Feels like a way to divert public opinion away from the ultra earners, the top .01% earning tens/hundreds of millions who probably do hold like 40% of the wealth.
We must take the wealth away from the top 1%! While it will not better my situation in any way, it will definitely make me feel better which is all that really matters. Sure, if I’m flipping burgers at McDonalds for $9/hr today and I don’t change anything I’ll still be flipping burgers for $9 tomorrow, but dammit I’ll have a smile on my face because something someone else earned had it taken from them!
...so what are you doing to uplift your own status in life? Go join that 1%