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Thread: The Rich Get Richer and the Poor..............Who Cares?

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  1. #1
    Senior Member AnneBoleyn's Avatar
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    The Rich Get Richer and the Poor..............Who Cares?

    It has been my belief that the bank failures of 2008 was actually a move to consolidate wealth in the hands of the wealthy.

    "The extent to which so much global wealth has become corralled by a virtual handful of the so-called 'global elite' is exposed in a new report from Oxfam on Monday. It warned that those richest 85 people across the globe share a combined wealth of £1tn, as much as the poorest 3.5 billion of the world's population."

    Oxfam: 85 richest people as wealthy as poorest half of the world | Business | theguardian.com

    Since my disability, I have been dependent upon Social Security, Medicare, government programs that have kicked in to help me even though I was not of senior age. I'm grateful for that, but.............what has driven me practically into poverty is the fact that Certificates of Deposit (CDs) have barely any interest on them. The Banks using our money have been empowered to charge us for holding it instead of paying a decent interest to us, their clients, while they use our money to enrich themselves further. This practice is impoverishing people who no longer have the ability to work, mainly seniors.

    But enough about me. It's been a power grab, pure & simple, as Oxfam says. Hip hip hooray for Feudalism, let our new Lords own everything.

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    Premium Member Snowfire's Avatar
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    Re: The Rich Get Richer and the Poor..............Who Cares?

    Well, as our Eton educated, wealthy and privileged Prime Minister tells us, "we are all in it together".

    Austerity for us clinging on to the bottom rung and tax breaks to those few looking down at us. My small private pensions aren't worth the paper they are written on and my pay has stagnated, while the bankers continue to receive their share in bonuses, of the billions we help them generate.

    We seem to imagine we are all better off now than we were but relatively speaking, nothing has changed. In fact the gap has become a chasm.

    Let them eat cake.......let them use iphones. Just another device to pacify the lower classes to divert them from whats really happening
    "He has all the virtues I dislike and none of the vices I admire."
    Winston Churchill

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    Senior Member AnneBoleyn's Avatar
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    Re: The Rich Get Richer and the Poor..............Who Cares?

    I couldn't agree more, Snowfire. There are so many wonderful new electronic toys to pacify us, to divert our attention, but with the credit crunch on the 'average person' in the West I can't help but wonder if even these will eventually become harder & harder for people to obtain, and what the real price will be, the debt incurred, I mean. Will we owe our souls to the company store? It seems more & more like Feudalism to me, perhaps I am being naive & it was always that, but with communication, it's so "in your face." How much longer will we stand for being robbed, and what actually can be done about it?

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    Re: The Rich Get Richer and the Poor..............Who Cares?

    Actually quite a lot can be done about it once we get away from this idea that there is nothing that can be done.

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    Senior Member AnneBoleyn's Avatar
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    Re: The Rich Get Richer and the Poor..............Who Cares?

    Tell me.

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    Re: The Rich Get Richer and the Poor..............Who Cares?

    social democracy/liberal democracy Governments can redistribute wealth and control the activities of big corporations. They've just been convinced that they shouldn't do so. One of the myths is that capitalism means companies and individuals should not be restrained in any way in a free market economy. That's nonsense.

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