Showing posts with label the 1%. Show all posts
Showing posts with label the 1%. Show all posts

Saturday, September 23, 2017

Money, Honey

Can we talk about money?

By now you've probably heard that most of today's money is in only a few pockets. Not that many at all. And the rest of us, well--some of us are doing okay, but a whole lot are barely scraping by. There were always rich people but not like this. And they're really not kicking in the taxes so much anymore. They're leaving that part of the social contract to us.

I understand how we got into this predicament--the system is rigged twelve ways to Hallelujah--but what I don't understand is how the rich people got the poor people on their side. So many people wish they were rich that they actually admire rich people, no matter what. There's something about obscene wealth that makes people think: oh, they totally earned that. Why? They must have, because they have it. We really don't ask for much more proof than that.

Speaking of the Queen--we're the same way with royals. They get poop stains in their drawers like everybody else but we think they're special because of the crown. They've got the kit, they've got the outfit.  Of course, your own daughter wears that stupid princess costume and you might drop her a curtsey once or twice just to play along, but you still expect the sequined little pinkster to do the dishes and clean up her room. We all have responsibilities. You shouldn't be able to get out of them by waving a scepter around.

We teach our sons and daughters to share. Rich people, though, are to be admired and commended for  accumulating just as much as they can, and keeping it to themselves. They shouldn't have to pony up much for the good of society--that's commie talk. "I might be rich some day," ordinary folks say, "and I won't want my loot taken away, either."

Sugarcakes? Don't fret. Nobody's coming after your Dodge Caravan anytime soon.

Even the crappiest widget-maker on the line thinks she works harder than her coworkers. It's easy to talk her out of the union; easy to get her to believe her poker prowess will set her up prettier than a dull, plodding old pension plan. It's a snap to get her to hand over her money to a newly liberated financial sector, operating under newly minimal oversight. So a lot of our richest people siphoned off middle-class cash into opaque financial instruments constructed of pure bullshit. They won the big score, and now they're set. It's quite the caper they pulled off.

But aren't rich people the job creators? Shouldn't we leave them alone so they don't get in a snit and quit making us jobs?

Hmm. Let's see. Some of the most successful players got that way by doing the exact opposite of creating jobs. They arranged acquisitions and mergers and destroyed companies and unions and (by the way) lives.

One of the steamiest piles of money originated through the hard work of a single entrepreneur named Sam Walton, who may ultimately have done more than anyone else to destroy the middle class. He created plenty of jobs, but they weren't in this country. And three of the top twenty richest Americans got on the list by cleverly also being Waltons, and for no other reason. They made shrewd sperm selections. That's earning it, all right.

You know who the job creators are? You and I are, if we are so fortunate to have just enough money to buy a haircut, and a latte, and a book, and dinner out. Doesn't need to be a lot of money, either, just enough that we feel comfortable swapping our dollars around. We don't have to be rich to be rich enough.

But wait--how about Jeff Bezos, and Bill Gates, and Mark Zuckerberg, and that gang? Didn't they invent things and develop things and earn their money?

Well paint me red and call me Natasha, but I'm saying no. Not all of it. Maybe the first half billion. Maybe two billion. Draw the line wherever you like, but there's a number out there it is not possible to be worth. Not really. You get to that number, scoop it on up and enjoy your life. Put it in the win column. We're confiscating the rest.

Bill Gates and Warren Buffett know this. That's why they started The Giving Pledge, promising to give away at least half of their fortunes. It's a start, and it still leaves them plenty of walking-around money. Plus, they'll even let you wait to give it away when you're dead. But for most of these luminaries on the Forbes list, the thought of scraping by on a half a crap-ton of money is a real scrotum-shrinker. Right now they're sitting pretty. They've got nothing left to worry about but their souls, and the consensus is that can wait a bit.

How can anybody acquainted with his own mortality hoard so much treasure in good conscience? And if he in fact does not have a sense of his own mortality, is there anything we can do to drive it home?

Don't make us get our pitchforks.

Wednesday, April 4, 2012

Infestations

After reading Julie Zickefoose's excellent post describing how the bolas spider whacks the wily and delectable moth with a glob of silk, I got to thinking about the sun, and how there's nothing new under it. No matter what bizarre thing you can think of, Nature's probably already come up with the prototype. And so observing Nature carefully can help us understand otherwise incomprehensible things.

Take the scale infestation on my lemon tree. What looks like inert scales on my lemon tree are actually live insects that have crawled to an advantageous spot, grown prodigious mouth parts, and inserted them into the lemony flesh, where they slowly suck the life out of the plant. And then the insects lose their legs. They've got everything they want right where they are and don't need to go anywhere. It seems on the surface to be a life plan without parallel, but it would be very familiar to anyone still providing shelter to a thirty-year-old child. Or anyone in a nation being sucked dry by a tiny plutocracy.

It doesn't take many insects to suck the life out of the plant. And it doesn't take long, once the mouth parts are in place, but it's still gradual enough that the plant doesn't see it coming. Likewise, it didn't take long for the wealthiest 1% in America to control 40% of the wealth, up from 33% twenty-five years ago. The wealthiest 1% average 225 times the wealth of the median household, the largest disparity ever.

Where did all that money the 1% have come from? Well, they didn't print it. It used to be ours. You can only earn so much money, and then you have to start taking it. So they took it. Beauty part is, it isn't even considered stealing, once you get the rules changed to make stealing legal. Which you can do with the politicians you purchase fair and square.

Changes in the bankruptcy laws encouraged great risk-taking in corporations, and a whole financial industry was built up to service the dismantling of companies and the transfer of good manufacturing jobs offshore. Lawyers and financial wizards that produced nothing profited handsomely off the destruction of the middle class. Slurp, slurp. Pension funds were raided for executive bonuses until they were no longer viable and then they were discontinued altogether.

Then came the rollback of taxes on the wealthy. This looked to be a difficult sell, politically, but the less the wealthy contributed to the revenue pie, the more the rest of us had to pick up the slack, with a fee here, a user-tax there, surtaxes that used to come out of the general fund; and suddenly the idea that taxes were the problem--rather than the redistribution of the tax burden--gained credence. So the whole heist can be explained by a combination of propaganda and inattention. What really puzzles the mind, though, is how so many people who  had been fleeced so thoroughly by the wealthy were willing to stand up and demand that the rich be left alone with their wealth, that used to be our wealth.

But trust Nature to have already visited the conundrum! It turns out that a certain cat parasite has come up with a plan to keep itself going forever by finding its way to other cat hosts. It lives and reproduces in the gut of the cat, who then lays a dookie in my garden; and there is sits until a rat gets wind of it and puts it on the old rat menu. It's not what you or I would eat, but we are not here to judge. Now the cat parasite is inside the rat, but it would really like to get back into another cat. So the parasite gets into the rat's brain and discombobulates it such that the rat is now fatally attracted to cat pee. This is not a sensible rat position; this is a derangement. And the rat seeks out cat pee, which, often as not, is near cats, and it gets pounced on and et. And bingo, now the parasite is back in another cat.

So that must be what's happened. Somehow the plutocracy has managed to derange the minds of the 99% such that they beg to be chewed on further. I don't know exactly how they did it, but something definitely stinks around here.

There's some hope for the lemon tree, though. Now that most of the leaves have fallen off the plant, the tiny sucking insects have been exposed. And they have no legs. All we have to do is notice them, and they can be squished.