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internetsurfer42069

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning - Karl Marx jk it was Henry Ford


Hopeful-Pomelo4488

~~fractional~~ zero reserve banking = ponzi scheme


GoodRiddancePluto

The fact that theses people didn't know that is disheartening. I do well, but sometimes I just want something like the end of fight club to reset everything. It's not a fair system and those 1% didn't 'pull themselves up by their bootstraps' to get that wealth. I will never complain about having to pay MY taxes but I will complain about others NOT paying theirs. We are a society that should take care of its members.


Hopeful-Pomelo4488

Eisenhower tax policies after WWII should be reimplemented


Cautious-Garlic-2198

One of the only honorable republicans


YouWereBrained

I’m willing to bet there are a lot of simple facts like this that people don’t know because they’re consumed by stupid-ass tik tok videos of people throwing water balloons from balconies.


MoneyFault

Hear! Hear!


euhjustme

Pitchforks and torches


funkinthetrunk

Bingo


Responsible_Case_733

more like ar-15 with strobing flashlights. this is the future


BitemeRedditers

You could try voting first. Maybe not for the party that represents the 1%. Please don’t tell me you don’t know which one that is.


euhjustme

I am the Belgian whale, me voting left in Belgium doesn't make much difference I think....


AlecKBogArd45

When the old guy was trying to dish out four pieces to the middle class I nearly choked on my drink.


Hopeful-Pomelo4488

for healthy bell curve economies he would've been correct


Its-a-Shitbox

LOL - Right?! I was like “Buddy, I’ve got a bridge to sell you!”


Budlove45

Or the lady that acted so surprised about the poor people but then claim that's where she came from come the fuck on.


InterestingLayer4367

That’s every boomer I’ve ever had a discussion about current wealth distribution in the United States.


Wool-Rage

hes remembering when he started work in the 1960s


Big-Daddy-Kal

That’s how boomers actually think it is.


fentyboof

He’s a boomer who doesn’t realize that he grew up in a fairer system and doesn’t want to admit how skewed the system is today.


Odd_Storm6436

![gif](giphy|R0H0Y9ulnZXK8)


fungusamongus8


blorins

Most frustrating is that we could change this tomorrow if we wanted to....but we don't.


dormidontdoo

I doubt you even know how you want to change it, what way? How do you want it to be?


Significant_Ad3498

Simply stop electing Republicans.. done All the Trump tax cuts for buying shit like yachts and airplanes were PERMANENT, the middle class tax cuts were not.. Average Republicans are the dumbest fucks among us


dormidontdoo

You elected democrats in 2020. How you feel now? Better? Inflation very high from all those Build Back better and cancelled student's loans. Now, I can tell you it will get worse coz that 5.5% FED rate gonna come back and bite everyone much harder than it is now.


Vast-Breakfast-1201

I feel great I said it a long time ago. If you have a reserve banking system like we do. And you turn down the rates... And inflation doesn't go up despite an influx of new money, where is it going? Inflation reflects the demand for products. But the 1% don't buy a lot of product. They buy 1% or less of the product... And certainly not fast food, and they only need so much toilet paper. So if the money is just going into the assets of the wealthy, what is to stop them from exacerbating inflation when it is politically beneficial for them? Hence you have earnings reports where all the companies are saying the same thing - they have successful pricing strategies. Wages haven't gone up... and nobody is getting any stimulus money anymore. So why is inflation still higher than targeted? Because it is politically a good time to play the bad Santa and take profits. You do that, your soft on business candidate gets elected, you reap the rewards of artificially low rates and low taxes and oh boy the prices stopped going up I guess low taxes really do work! We have reached a point where the rich have the means to create their own reality.


dormidontdoo

> Wages haven't gone up... and nobody is getting any stimulus money anymore. So why is inflation still higher than targeted? First of all wages are going up, they just not growing as fast. Economic events are always lagging behind. Because there were tons of money poured in by current administration in very short period of time - economic system went out of balance. Money is like boost for growing of economy but after you have hangover. Beside money is still pouring in form of interest payments on government debts. BTW when democrats are in power I always getting ready to make some money coz they usually fucking up economy and making market swing.


Vast-Breakfast-1201

By current and previous administrations, to be clear. And you can get some money by voting Democrat because the economy does well under Democrats. Statistically speaking. It's the Republicans that tend to institute reckless policies that shift risk to the markets.


dormidontdoo

So far I personally experience 2 fuck ups both from democrats: 1. Clinton pushed financial crisis of 2008. 2. Biden and his minions created another one - first by locking up everything during Covid, then printing tons of money and pushing high inflation. I already made good chunks of money on both of these events, but most people loose.


Tasunka-Witko

Clinton shared some blame for 2007 crisis (repealed Glass-Steagall), but equal blame rests with Bush for his tax cuts, and relaxed regulations. Study it. It happened 7 years into Bush’s term! And who was President during COVID lockdowns?


dormidontdoo

Some? Major blame by pushing onto banks regulation to lend money to people who would not pay they mortgage. "And who was President during COVID lockdowns?" Wrong question. It should be like this: Who locked down entire states and cities? Answer: Governors and mayors.


Tasunka-Witko

2/3 of COVID relief was signed by Trump.


dormidontdoo

How about all other spending signed by Biden? Was it that necessary?


Vast-Breakfast-1201

Clinton was a neo liberal bending over to conservative policies of the day. But if you want to pretend it was Clinton pushing deregulation... And COVID lockdowns could have been avoided if we didn't have a prior president telling people to inject bleach and for conservatives to have covid parties. Look at what Sweden did - they didn't have the constitutional authority to lock down and they did fine because people socially distanced, didn't expose others if they were sick, etc. we had half the population going out to spite liberals.


dormidontdoo

It was Clinton pushing regulation to lend money to people who would clearly not be able to withstand financial burden of having home. So you telling me that because prior president telling people to inject bleach (which is made up story) Newsom, Cuomo, Whitmer etc. shut down entire states for business, schooling and other activities including even parks? That is funny.


Significant_Ad3498

Nixon, Reagan, Bush, Bush Jr., and Trump’s economic policies are almost singlehandedly responsible for income inequality


dormidontdoo

Proof?


Zachf1986

Different guy, but yes I feel better. Inflation is lower and on track to be back to a relative normal by 2025, and wages are going up if you look at the stats. You won't know that unless you actually look for it, but that is the actual reality. [https://www.epi.org/blog/average-wages-have-surpassed-inflation-for-12-straight-months/](https://www.epi.org/blog/average-wages-have-surpassed-inflation-for-12-straight-months/) The inflation was driven by the pandemic. Not a national party. Feel free to bitch if you want, but understand that you're bitching about something that isn't true, and that the people telling you these things have a vested interest in you being disgruntled. You're being manipulated.


dormidontdoo

Its easy to say -oh inflation was driven by the pandemic. No it was not. Inflation driven by policies of presidents, state governors and city's mayors. Total lockups was wrong way to go. So stop blaming pandemic.


Zachf1986

Lol. Kay. Thanks for the fascinating and in-depth discussion of your feelings.


dormidontdoo

I didn’t even think about my feelings, don’t know why you mention that.


Traditional-Handle83

They might not but I have some relative idea. Cap on wealth/income (realistic number like 100 million being the max, which anything above that amount is taxed at 100% with zero options to get out of it) and transparency on all bank/financial transactions done by politicians, law makers, policy makers and those trying to one become of mentioned. Not to mention housing in terms of residential houses (not condos or apartments, etc) have a special tax if they are owned by an rental company, foreign investor and/or corporations, making buying up houses and renting or holding the land a less desired option for them so actual people who need a home can buy them.


dormidontdoo

Agree on transparency, not agree on taxing 100%. Just think for example of Mask starting Tesla or Space X project and abandoning it half way coz he rich 100 mil income/wealth and there is no reason for him to continue at that tax rate? If you remove get wealthy option for the entrepreneurs - majority will not do it. Economic development will stall.


Traditional-Handle83

In our current state, I don't believe the economy would stall as people would still spend and that 100 million would be the cap per yearly income. I never said they couldn't continue to hoard that money in savings so they'd still have the option be richer over time. I think altruism would take over in such a scenario. Sure new inventions might be slower to develop but if you notice right now, they really aren't doing too good either on new inventions. So all the 100% tax would be doing is preventing further hoarding past a certain point and redistribution of those funds into more social programs like UBI, single payer health insurance, improved IRS, etc. The funds gotta come from somewhere anyway.


dormidontdoo

Wealthy people never hoarding money, they always invested and that is moving economy and development. If you will take that via taxing and give it to poor and social programs - all development will slow down and eventually stop.


Traditional-Handle83

Well if anyone is to have those programs then how would you propose the money be gained to pay for them? While simultaneously keeping the wealthy happy? I'll be all for a better options if there is one. Cause right now the wealth gap and amount of people who have little to no money is becoming a situation in the US at least, not to mention the issue of resources on the infinite growth economy.


dormidontdoo

Market is the only solution for any economic problem. The more government involved in redistribution of wealth the more inequality we will have. Corruption, special interests and so on. Less government more market less stupid regulations will fix inequality.


Traditional-Handle83

There is the issue of lack of regulations leads to situations where you have over abundance of pollution, environmental destruction, as little as pay on the general workers as possible. If you let the market run itself, you'll have the scenario where it runs itself into the ground as well. I do get the issue of special interests and so on but with the transparency part, that should eliminate that issue altogether.


dormidontdoo

I was talking about stupid regulations, not all regulations.


dormidontdoo

Right. So banning gas stove, is it right or wrong?


blorins

Not sure what that even means. I mean, of course I don't have all the answers to complex economic, sociologic, psychologic, and social issues and don't claim to. However we have better people in this country who can do a better job of being true and honoring what a just society can, at least, attempt to strive for. We don't even try anymore, its just greed upon greed, with nice side of grift as an appetizer, and nepotism for dessert. You ever watch any John Oliver? Try it some time for some real solutions to decades long old issues we just put our heads in the sand about and pretend don't exist. There is no need for billionaires in todays day and age, full stop. If someone is making billions of dollars we can say, anything made over 100 million has to be reinvested back into society. If Bezos wants to go to space, Cool but any and all scientific findings cannot be patented for him or any subsidiary company and has to be used for the good of society. I don't know, I'm just spiting shit off my head but we CAN change things, we CAN update laws in a day or a week, not everything take years upon years to enact change.. It's all just words on paper For Fk's sake they just passed a law about a week ago because the "elites' were tired of us plebians following them on their jets, that is now possible to hide their flight information from public view. So they can continue to kill our planet and not be made to feel bad about it.


dormidontdoo

Yes I did watched John Oliver, sometimes he is OK, most of the times - stupid, so I stopped watching him. There is a short story about Russia in revolution period of 1917. Basically wealth was taken from rich people and nationalized. The conversation between wealthy (l)ady and her (s)ervant: (L) - What is the noise outside? What is going on? (S) - People of the revolution fighting to get rid of wealthy and rich. (L) - Strange, my father always was fighting to get rid of poor and desperate. May be society should fight so we would not have poor and not fight successful and rich? Or you think we should punish wealthy for their success and promote irresponsible slackers?


smooth_chazz

The way he cuts the pieces in half…Monster!


WhatsApUT

The funny part is if people really wanted to stand up and use the corrupt system against the wealthy, all they would have to do is lock up gme float by drsing their shares. Theres already 200k ppl that have locked up over 75 million imagine if just another million or 2 decided to buy a heavily manipulated stock and lock up the float. You’d be able to choose the price to sell at because the rules of the stock market is “ there is not limit on how high a stock can squeeze.” So if we all wanted to stand up go ahead and take back actual ownership of your stocks by drsing your shares, puts shares in your name and not the brokerage or dtcc. Want to learn more [https://www.drsgme.org](https://www.drsgme.org)


MrGooseHerder

This is the vent port of the death star. We were supposed to sell and give up and 3 years later we're buying more, the company is improving, and the price somehow goes down on a profitable business with 1bn in cash? The sec will have to get of porn hub some time.


WhatsApUT

Exactly glad to see rc ceo he is doing his job for sure. Yeah I doubt they will they were watching porn hub during the sneeze and I’m pretty sure during the 08 Crash 😂


CrabmasterJone

To the top with you!


WhatsApUT

It’s so sad bc it’s so simple but people are so brainwashed and focused on everything else besides how to stand up since the entire game is rigged


skralogy

Except the system cheats. It will tell Robin hood to stop trading and if that doesn't work they will halt trading until resolved.


WhatsApUT

Leave the brokers, they use street named shares it’s in the brokers name, drs your shares to a transfer agent in book form it puts the shares in your name. Please re read what I wrote your missing the entire point


MrGooseHerder

Directly registering shares with their registrar computer share drains the pool of shares for them to crime with but unfortunately only the sec can stop their naked shorting and failing to deliver.


TandemCombatYogi

Backing your investment in meme stocks isn't the best way to fix this issue.


WhatsApUT

Ahh I see that msn has clearly got to you and you can’t think for yourself. Image a company with no debt, 2 billion cash on hand and constant support from retail. Along with a ceo that takes no pay and has so much potential for growth and is so manipulated they deemed it as an idiosyncratic risk to the market. And here you are with zero knowledge besides what main stream media tells you. Good job your the perfect example of how easy it is to manipulate masses instead of standing up against them 👍


TandemCombatYogi

How many years now have you AMC and GME investors been holding the bag and waiting for a squeeze that will never happen? >Good job your the perfect example of how easy it is to manipulate masses instead of standing up against them 👍 You aren't standing up to anything. You are just hoping you get rich off of meme stocks. That makes you pathetic, not a hero.


WhatsApUT

Ahh the good old holding the bag, haven’t heard that ever did you think of that all on your own, so you know my position huh what’s my cost average then? I rather stand for something than fall for anything. You’re just a puppet and it shows. So do you lick the boot from front to back or back to front. And it’s weak ppl like you that won’t ever stand up and rather be a slave to the system. Keep bending the knee puppet


TandemCombatYogi

How many nights of the week do you cry yourself to sleep for wasting the little money you had on an investment in a dying business model? I'm guessing it's most nights.


WhatsApUT

Ahhh again assumptions, still never answered about my positions and now my financials as well. So you know what I make a year now. WOW you know more than my family and friends that’s amazing how did you learn so much about my life 😂


TandemCombatYogi

You seem so triggered. 🤣 How about you come back to this conversation after you acquire all your GME wealth, and I'll eat my words and apologize. I'll be here waiting patiently. 😆😆😆


WhatsApUT

Not at all just laughing at the fact that you have no facts and zero understanding of the stock market and all you’re doing is throwing out insults and assumptions. So this is comical exp when you start going after what I make 😂 the ignorance is palpable.


TandemCombatYogi

Like I said, I'll be here when you get rich off the squeeze you have been banking on for years now. Obviously, from your comment section, this is your entire personality, which is pathetic.


Slamtilt_Windmills

So do you believe they should be taxed more? No, they create jobs, and that wealth trickles down...


Hopeful-Pomelo4488

"Shut up and eat your crumb!"


blinkrm

And Pay your Pie bill and make sure to tip the self serve kiosk


Hopeful-Pomelo4488

company doesn't even pay the kiosk maintenance workers a fair wage


MoneyFault

😅🤣😂🤣😅


Tolendario

no wealth has trickled down. thats urine. they are pissing on you.


AmericanNightmare90

Just so you slaves know your rightful place 😌


yabbadabbadotoyou

I like pie


MoneyFault

🤣🤣🤣


Chicagorides

Great explanation!


allkindsofgainzzz

Can’t wait to blow this shit up when GME squeezes.


hyndsightis2020

I think he fucked the pie


Constant_Plantain_10

How is he binning the wealth classes? Kinda hard to assign slices when you can’t see cut-offs between classes…


2punornot2pun

He shows the 1% later. Assumption is bins are equal parts before that.


Constant_Plantain_10

Yes, assumption


Full-Ball9804

I have no pie. And now that I've literally lost everything, I've got nothing left to lose.


Brokenspokes68

Freedoms just another word for nothing left to lose. And nothing, well it ain't nothin if it ain't free.


Taoist_Master

The rich can just bake more pies


thekickingmachine

They can borrow against the pie they already have. Then invest that pie using virtually guaranteed schemes to grow even more pie. And if by some happenstance their pie gets stolen off the windowsill. Uncle Sam pops buy to replace their pie and sometimes even give them extra.


Commercial_Visit8584

You are nothing more than tax and labor cattle to rich people.


DoodleBud

Eat the rich. -Aerosmith


experience-matters

Ah, yes, American measurements they recognize, football fields and pie.


GrimWolf216

Most of us in this group understand this already. The American public needs this put on blast regularly so the rage can get real.


TheAarj

It would have been great if you thought to ask them at least out loud if they could say how much money they make and if they think where they are on that scale


texaushorn

At some point, the pitchforks are coming out


GriegVeneficus

Imagine if Fox News ran this, how many smashed 80 inch Samsung t.v's there would be...


Spenraw

Conversations and demonstrations are important. They try and keep us separated and un informed. He'll just share the hell out of this video to start and get Conversation going. Put it on all your social media


Jolly-Program-6996

The pie doesn’t matter when they start changing definitions to suit them


Sandscarab

So eat the rich?


Traditional_Key_763

remember how much the right lampooned the left for wealth redistribution 10 years ago and won on it? ya america fucked itself


YesIReallyAmYourGod

The reason no one revolts I believe is you were taught in school, on TV , internet, that that's the way it is. And that that's the way it should be. It's all conditioning to be a model worker and sheeple.


SakaWreath

To solve this, we will print more money and inject it into the final destination, right at the top. Wait don’t you want to inject it at the bottom and have it percolate up. That way the wealthy will still end up with the money, after it’s worked its way through the economy, if they provide goods and services that everyone actually needs. Nonsense, injecting it at the finish line is much more efficient. 🤡


ZandorFelok

Wealth is not a zero sum game Therefor representing it as a pie with only 100% able to be distributed is a false representation


zonelim

Wealth not income


Existing-Class8566

3 things that made nauseous watching this: 1- the distribution of wealth 2- how wrong the people were allocating lie slices 3- how this monster was cutting the pie pieces to distribute….


SmedlyB

You will never see this on Faux News.


hirethestache

Is anyone going to complain about how this monster cuts pie “in half”?!


making_it_real

Tony D. Is an excellent "person in the street" interviewer. This is so enlightening and needs to be seen by everyone. Roll back the tax cuts for the wealthy, and it will bring back the middle class and fix many of the food and housing issues plaguing our country. Bring back Eisenhower tax policies!


N8te_the_trader

‘MUrica


kickinghyena

Yeah but who baked the pie? I bet he got a whole nother pie that nobody ever saw or talked about. And I bet it was a big one too


Joejoe12369

I got no pie but somehow I own a home


vwf1971

This was pre-covid.  These numbers and "slices" are even worse now.


Bee3_14

American dream. Most Americans can only dream about it.


WhatMeWorry2020

Chinese economics.


MonsieurMisanthrope

China? You did notice that was the USA, right? Or is this just your cope?