Corporate greed will lead to our economic collapse. (wages, salaries, regular)

[jojajn]

Although there is a gain of income in America, this increase is obviously not going to the 99%. Consumer spending is down which is obviously due to the majority of Americans facing reduced buying power.

Household purchases, which account for about 70 percent of the economy, were unchanged after a 0.1 percent decrease the prior month that was previously reported as little changed, a Commerce Department report showed today in Washington. The median estimate in a Bloomberg News survey of economists called for a 0.1 percent rise. Incomes rose 0.5 percent, lifting the savings rate to 4.4 percent, the highest in a year.

Consumer Spending in U.S. Was Unchanged in June - Businessweek


Whose income is increasing? The 1% of course!


Outrageous Example Of Corporate Greed From Caterpillar - YouTube

[hnsq]

So jojajn, what have you personally done in the last few years to educate yourself on what the top 1% are doing different than you? Obviously we have something to learn from them if they are increasing their incomes and we are not.

How many books on personal investment strategies have you read in the last few years?

[Huckleberry3911948]

no our insatiable appetite for junk and excessive government spending & debting, will lead to economic collapse. the banks are holding astronomical amounts of real estate off the market to keep prices up. this too will pass.

[jojajn]

Originally Posted by hnsq

So jojajn, what have you personally done in the last few years to educate yourself on what the top 1% are doing different than you? Obviously we have something to learn from them if they are increasing their incomes and we are not.

How many books on personal investment strategies have you read in the last few years?

The top 1% are giving themselves huge increases in salaries while holding the income of employees stagnant.




Would you expect the bottom 99% to increase consumer spending when their wages do not keep up with inflation? What effect does consumer spending have on our economy? Do you think that squirreling millions of $$$ in offshore accounts helps our economy?

[burdell]

Originally Posted by hnsq

So jojajn, what have you personally done in the last few years to educate yourself on what the top 1% are doing different than you? Obviously we have something to learn from them if they are increasing their incomes and we are not.

How many books on personal investment strategies have you read in the last few years?

IF $$$ income and material wealth are the great indicators of human worth why wasn't Saddam Hussein lionized rather than demonized?

[jojajn]

Originally Posted by Huckleberry3911948

no our insatiable appetite for junk and excessive government spending & debting, will lead to economic collapse. the banks are holding astronomical amounts of real estate off the market to keep prices up. this too will pass.

By excessive government spending, you mean wars, social security, and medicare.

[Rakin]

Originally Posted by jojajn

The top 1% are giving themselves huge increases in salaries while holding the income of employees stagnant.

Would you expect the bottom 99% to increase consumer spending when their wages do not keep up with inflation? What effect does consumer spending have on our economy? Do you think that squirreling millions of $$$ in offshore accounts helps our economy?

I thought Govt Employees were getting the largest raises the last few years ?

[jojajn]

Originally Posted by Rakin

I thought Govt Employees were getting the largest raises the last few years ?

Can you show some data to substantiate that?

[Old Gringo]

It accomplished that goal four years ago.

[workingclasshero]

government greed and union greed with lead to our economic collapse