I wanted this to be a dialogue but Mr. 1% didn’t show, so I am going to have to fill in for Mr. 1%’s.
Me From 2009 to 2011 income for the 99% fell. This did not stop in 2011 in that in January of 2013 the 99% experienced a record drop in income. In that same 2009-2011 period income for the 1% went up 11%.
Mr. 1% You make that sound like a bad thing.
Me It is a bad thing.
Mr. 1% You make it sound like I did something wrong. I didn’t do anything wrong. I obeyed all the laws.
Me Sure you did, after you fixed them by bribing our elected officials. As the saying goes: the system’s not broken, it’s fixed!
Mr. 1% Hey, we are not monolithic. Most of what the top one perecent makes is made by the top 0.1%, the rest of us are just doing well, not great.
Me You got a beef with them, take it up with them.
Mr. 1% Still we didn’t do anything wrong.
Me Yes, you did. For example. If the minimum wage, just the minimum wage, had kept pace with productivity, it would be $16.50 per hour now.
Mr. 1% So, I don’t set the minimimn wage.
Me And if middle class wages had kept up with productivity, the median income in the U.S. wouldn’t be just over $50,000 per year, but approaching $125,000 per year.
Mr. 1% So, I don’t set middle class wages.
Me You don’t get it. You have gotten rich, filthy rich, by refusing to share the bounty equitably.
Mr. 1% Hey, nobody gave me my money, I earned it!
Me No, you didn’t. Ordinary working people earned the money. You just decided to keep more and more of it for yourself. You crushed the unions. You ran the socialist and communist parties out of town. You bought the politicians. You bought the judges. But it won’t bring you peace.
Mr. 1% Oh yeah?
Me Just watch . . .
Mr. 1% For what?
Me The pitchforks and the torches . . . soon the barbarians will be at the gates . . . and I am one of them.