Noam Chomsky

[lifegives]

$50 Trillion? boggles the mind the amount of money that has gone to the elite

Have followed his work for a long time and feel that we should have been listening to him a lot closer and that could have saved us much heartache.

[fluffy]

$50 Trillion? boggles the mind the amount of money that has gone to the elite

Have followed his work for a long time and feel that we should have been listening to him a lot closer and that could have saved us much heartache.

I read somewhere that the three richest people in the US have more money between them than the poorest 180 million Americans.

[BC Landlord]

Once upon a time, Harvard was a prestigious school. Then, it got infested with the left ideology.

[Even Steven]

I read somewhere that the three richest people in the US have more money between them than the poorest 180 million Americans.

Don't confuse money and assets. The three richest people in the US run businesses that give jobs to millions of people. They're invested in hundreds of other companies that do the same. So, these three dudes benefit the economy more than 180 million Americans.

[BC Landlord]

After attending to the full OP lecture, Noam would probably assign you some extra homework.

I'll stick with wine.

[lifegives]

Don't confuse money and assets. The three richest people in the US run businesses that give jobs to millions of people. They're invested in hundreds of other companies that do the same. So, these three dudes benefit the economy more than 180 million Americans.

Do you believe in trickle-down economics too?

[Even Steven]

Don't confuse money and assets. The three richest people in the US run businesses that give jobs to millions of people. They're invested in hundreds of other companies that do the same. So, these three dudes benefit the economy more than 180 million Americans.

Do you believe in trickle-down economics too?

Are you suggesting what I said is untrue?

[normaM]

oh please, Noam Chomsky has a net worth of 5 million USD
Get me a tissue to dry my eyes

[Ka-El]

Do you believe in trickle-down economics too?

Are you suggesting what I said is untrue?

Well, we could just chalk it down to hyperbole

[Ka-El]

oh please, Noam Chomsky has a net worth of 5 million USD

Sadly, still a pauper in comparison to the world's elite.

[Jonrox]

I read somewhere that the three richest people in the US have more money between them than the poorest 180 million Americans.

I'm not saying what you're saying isn't true... I haven't seen that stat though.

However, quite often stats like these are comparing "wealth" not "money". There's a huge difference. There are a lot of people with negative net worth due to their massive debt loads... and many of these folks have no problem paying their debts because they have steady, good paying jobs.

As an example, when the housing market last saw a sizeable correction many people ended up in a negative net worth position when their home value fell below what they still owed on their mortgage. Add to that some car payments and credit card bills and many folks ended up with a net worth that was tens or hundreds of thousands of dollars to the negative side.

Now add up the millions of people in the US that were in this situation and you get a huge number to the negative side of things. Then go find a homeless guy who has no debt but just cashed in his cans for $20. By definition he is wealthier than all of those millions of people combined.

So depending on the terms being used, a vastly different story can be told... especially if those terms aren't well explained or defined.

I'll agree that there is a vast discrepancy in income that unfortunately is only getting wider and wider... accelerated by the pandemic... and things need to change. The path we're on just doesn't appear to be sustainable.

[fluffy]

You don’t have to dig very deep to find corporations with someone at the top pulling down an eight digit income while refusing to pay employees a living wage.

[Pappywinkle]

Don't confuse money and assets. The three richest people in the US run businesses that give jobs to millions of people. They're invested in hundreds of other companies that do the same. So, these three dudes benefit the economy more than 180 million Americans.

Increasing wealth inequality and increasing number of low income workers that rely on food stamps suggests that, while they are providing jobs, they’re not good jobs. And that’s gotten much worse in the last 30 years.

Want to work at Walmart in America? Here’s your employment application and food stamp application in one package, and you can spend those food stamps at Walmart. Be sure to thank the Waltons for letting you give them your government subsidy because they pay you such low wages.

Want to work at Amazon in America? Hope you like adult diapers because too many bathrooms breaks can cost you shifts. Be sure to thank Jeff Bezos for letting you give birth in the bathroom because you didn’t want to miss a shift and get fired.

There’s enough money in America that this stuff shouldn’t be necessary.

[fluffy]

24:03 Forming a third party should be attempted. “Bernie Sanders is called a radical . . . but what are his main views . . . universal health care (more) . . . too radical for Americans . . . jokingly . . . if Bernie was in Germany he could be running on the Christian Democrat ticket—the right wing party—(but)that’s what’s called way too far to the left in the United States.”

Sure, that’s the power of media manipulation. The Republicans, Trump in particular, are quick to throw the “socialist” label around like it’s a creeping evil to be avoided at all costs, and people just eats that crap up like it’s chocolate while not having the faintest clue what it really means in relation to American (and Canadian) politics. If we were to turn around tomorrow and remove every government program that technically qualifies as “socialist” you’d really hear some screaming. But as a smear campaign it’s very effective at garnering votes from the politically uneducated.

[normaM]

Septuagenarian - omg, I nearly snorted my coffee out LOL One of the best lines for 2021.
I think people need to stop worrying about the Elite and go more balls to the wall about the poor.
Just because someone has 5 Maybachs doesn't mean they have to give me one.
But if they do - matte black please

We need Dennis Moore ( one of my fav Monty Python skits ever)