Posts tagged Class War
Posts tagged Class War
From The Atlantic:
Stocks surpassed the nominal record set in 2007, while the last recorded real median US household income was 8% lower than its 2007 peak.
This is where we are, in picture form:
Please, explain to me why this is good for the majority of people. Go ahead. Try. I’ll wait.
[ETA]: A sharp-eyed reader noticed the alignment of the graphs is wonky. Here’s the alignment corrected as best as I can manage.
An ad in The Economist, directly appealing to the 1% and how hard they work.
Just about every ad in The Economist is this one. Legit. Andrew and I received a subscription as a wedding present and don’t get me wrong — it’s interesting and we enjoy it. However, the ads feel like fascinating, slightly uncomfortable anthropological research.
A new Pew Research Center survey of 2,048 adults finds that about two-thirds of the public (66%) believes there are “very strong” or “strong” conflicts between the rich and the poor—an increase of 19 percentage points since 2009.
However, people’s perception of why the rich become rich has not changed much. Pew Research points out similar opinions to the ones below were found in 2008:
Pew uncovered one very interesting point:
The biggest increases in perceptions of class conflicts occurred among political liberals and Americans who say they are not affiliated with either major party. In each group the proportion who say there are major disagreements between rich and poor Americans increased by more than 20 percentage points since 2009.
Emphasis mine. Could this mean independents could be an even bigger influence than usual in 2012? And what does that mean for both parties? Maybe talking about jobs and the economy isn’t the worst move… The GOP’s constant denial of the existence of class warfare and incongruent insistence President Obama sparked it may also backfire.
And telling poor people to blame themselves… Chris Piascik is spot on and deserves kudos for his artwork.
Occupy Wall Street is getting a shot in the arm, as some of America’s largest unions have announced that they’re now supporting the movement. The gain in momentum comes as off-shoots of the original Manhattan group plan marches and protests around the nation.
The group has attracted some mockery, largely for its members’ proclivity for dressing up like zombies. But a new Rasmussen poll finds that the group enjoys a higher approval rating (33 percent) than does Congress (14 percent).
Perhaps sensing a groundswell of opinion, several key Democrats have endorsed the group, including former Sen. Russ Feingold and Rep. John Larson, who called it a sign of a coming "American autumn" — a reference to the Arab Spring protests that have reshaped parts of the Middle East.
I’ve seen this quote from Gandhi used in reference to Occupy Wall Street:
"First they ignore you. Then they laugh at you. Then they fight you. Then you win."
However, I think this summary of social change from César Chávez, founder of the United Farm Workers of America, is also apropos to the movement:
"Once social change begins, it cannot be reversed. You cannot uneducate the person who has learned to read. You cannot humiliate the person who feels pride. You cannot oppress the people who are not afraid anymore. We have seen the future, and the future is ours."
The Occupy Wall Street movement spread to Chicago this week, where protesters have gathered outside the Chicago Board of Trade, the world’s oldest options and futures trading center. Like the protesters in New York and other cities around the country, the group gathered to protest our nation’s growing income inequality, as the top 1 percent of Americans continue to see their incomes rise rapidly and their tax rates fall. The Chicago traders, confronted by the protesters’ “We are the 99 percent" message, crafted their own not-so-subtle reply, hanging signs in eighth-floor windows that said, "We are the 1%”
Um, we know you’re the 1% - hence the folks congregated outside your office. No need to rub it in with the asshattery. Why not just toast the protesters with some champagne? This photo should go into History and Sociology textbooks as an example of blatant class warfare.
I imagine there’s several traders in there who are one market crash away from joining the 99%. Hint: Many of them are probably in the 99% and don’t even realize it. Here’s some facts about the top 1%.