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Burger flippers don't buy houses and I don't know any who are buying more crap (they can't afford it).
Which type of enslavement is worse, enslavement by mortgage debt or enslavement by rent?
Pretty much everyone has been buying more crap they can't afford, including the burger flippers, because even they have credit cards which they use to buy iPhones, TVs, PCs etc stuff. The elite is happy to finance the poor to buy the crap they sell. For them it is a beautiful deal, they own the companies who produce the crap, so not only do they make money on selling stuff (or through dividents), they also make money on financing the spending habits of those who buy the crap. There is nothing wrong with making money on producing and selling the crap, that is the core of capitalism, and there is nothing wrong in giving loans, but we have lost the balance where the system supports all parties involved. It's a consumer driven economy, but if we have to borrow everything to consume, then it's all a matter of time when it collapses. And it did collapse, of course in 2008.
Last edited by Finn_Jarber; 12-10-2013 at 06:23 AM..
Pretty much everyone has been buying more crap they can't afford, including the burger flippers, because even they have credit cards which they use to buy iPhones, TVs, PCs etc stuff.
??? How many tens of millions of Americans don't have credit cards?
It's pretty clear. It's a "little known group" that "poses the biggest barrier" and "wields outsize influence"
Those all cast it in a negative light.
Do you deny that this group wields outsize influence? The part that gets me is their "sense of economic fragility". If these people feel economically fragile, HowTF do they think the working class feels??? (It's all about them, apparently.) OMG and all that. And it's a "little known group" only because they have only recently been discovered by the popular media. Marketers have been familiar with this group for a long time.
More people are becoming rich and others are becoming poor. Few are entering the "middle class". But this is how most of the world operates and America will soon join it.
Hmmmm... sounds like you are jealous of these rich people. But my guess is you have a different opinion of Soros and Buffet since they agree with your politics.
Why would I be jealous of anyone that is so hated across the World? I honestly wouldn't trade my life for anyone elses.
And nope, everyone on that list is in the same club and they work together. I find it very amusing when people clamor to defend Soros, Buffett or the Kochs as if they share the same values or politics.
I'm not sure that the majority of burger flippers have credit cards.
If you are not sure, it's probably worth finding out.
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Only on this board would someone assume what others think about it.