Uncommon Sense

December 11, 2020

The Numbers Don’t Lie

Filed under: Culture,Economics,Politics — Steve Ruis @ 9:30 am
Tags: , , ,

The numbers don’t lie, at least this time. I ran across the following example, which kind of tells you that the rich are too rich for everyone’s own good. It goes like this:

If you were to deposit $2000 (current value) into a bank vault every day, day after day, year after year, for 2000 years, basically from what is called “the time of Jesus” until now (you’d probably need family help in this), you will have accumulated almost 1.5 billion dollars. Jeff Bezos in substantially less time has accumulated $117 billion.

I know it is sacred ideology in this country that the rich have “earned” their loot. They created the businesses, the jobs, yada, yada, yada. And that might even have been true 75 years ago. But as the wealthy accumulated money, they realized that they were also accumulating potential power . . . and they decided, some of them anyway, to exercise that power. They are now running the entire country. Whatever they want, they get. They have changed the rules of business and politics to favor them. They get the big tax cuts. They get the tax havens (legal!), they get the tax breaks to move a business, etc.

But is this the kind of country we want to live in? A country in which great wealth can be accumulated (most think that is kind of cool) but those with great wealth can then take over the gears of government and shift them any way they want to? A country in which it is looking more and more like a plutocracy, one in which the great masses of people grind away, working to make their masters even richer, while experiencing an ever declining standard of living? Over half of the jobs in the USA are now poorly paying “service” jobs. Is this what you saw in your future? The life expectancy of Americans is dropping! Is this the “things keep getting better” America you expected or expected to leave your children?

If Jeff Bezos wanted to spend down his fortune in just one year, he would have to spend $162,000,000 per hour of every working day in that year. No one person has needs that require the accumulation of such a fortune.

The fatal flaw of capitalism is that it places no limits upon greed.

Will this also be the fatal flaw of the US? That we failed to put limits upon greed and so passed control of the country to a tiny minority of wealthy citizens, who ran it into the ground . . . for a profit?

7 Comments »

  1. WHY OH WHY can’t people see this? Instead, they support someone like Trump (who is “reportedly” rich) and are blind to him doing exactly the things you outlined!

    Liked by 1 person

    Comment by Nan — December 11, 2020 @ 11:50 am | Reply

  2. Greed will kill us all. One way or another…

    Liked by 1 person

    Comment by shelldigger — December 12, 2020 @ 8:27 am | Reply

    • I think the under the radar greed showed up when a survey of Mexican citizens showed that none of them resented the patron system because they wanted to be patrons, too. All of us in the US want to be rich (of course if we all were, none of us would be) but that is only in the monetary sense. One of the wisest men I have known (a repairman in a building I worked in) once said “I am already rich. I just don’t have the money yet.” Since we all want to be rich, we can’t degrade the status of the rich, now can we. Actually I don’t resent the rich so much as the filthy rich.

      On Sat, Dec 12, 2020 at 8:27 AM Class Warfare Blog wrote:

      >

      Liked by 1 person

      Comment by Steve Ruis — December 12, 2020 @ 8:42 am | Reply

      • I have nothing against the well off. I hope to be well off someday (lol!)

        But yeah, the filthy rich are just filthy.

        Liked by 2 people

        Comment by shelldigger — December 12, 2020 @ 9:22 am | Reply

        • SD, I’ve got some people who are saying they can’t reach this blog and I have tried a couple of other browsers and it is invisible on those. Could you check to see if you can reach my Class Warfare blog and let me know either way? I will appreciate it.

          Steve Ruis

          On Sat, Dec 12, 2020 at 9:22 AM Class Warfare Blog wrote:

          >

          Liked by 1 person

          Comment by Steve Ruis — December 12, 2020 @ 11:42 am | Reply

          • Well I clicked on your name in your request and it loaded up no prob for me.

            I run Chrome, if that matters

            Liked by 1 person

            Comment by shelldigger — December 12, 2020 @ 12:43 pm | Reply

            • Hmm, it came up fine on Opera, but not Duck Duck Go. It is John Zande who can’t get into the blog for some reason. I will ask him which browser he is using. Thanks! I really appreciate it!

              On Sat, Dec 12, 2020 at 12:43 PM Class Warfare Blog wrote:

              >

              Like

              Comment by Steve Ruis — December 12, 2020 @ 9:40 pm | Reply


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