The State is the 1%

Jump to Last Post 1-8 of 8 discussions (23 posts)
  1. Evan G Rogers profile image72
    Evan G Rogersposted 6 years ago

    Here's an article that kind of highlights the logic behind how the Tea Party and OWS are similar:

    They both hate the bloated Mercantilist state.

    http://mises.org/daily/5776/The-State-Is-the-1-Percent

    The STATE is the 1%

  2. Daniel Carter profile image73
    Daniel Carterposted 6 years ago

    The State may embrace the 1% percent idea, but in reality how well is that working for them? Most governments around the world are bankrupt or nearly bankrupt.

    Yes, parasitic they are. On the premise that collecting revenues is for betterment causes of the population. This is a two-edged sword, really. What sort of system should there be if this one is corrupt as well? Should every individual be on their own? If so, then it destroys the ideas of community purpose and living.

    1. Mikel G Roberts profile image77
      Mikel G Robertsposted 6 years agoin reply to this

      Hey! good to see you again!

      I have a hub I'd like your opinion on it poses a possible solution, to this social situation. (trying very hard not to self promote)

  3. knolyourself profile image60
    knolyourselfposted 6 years ago

    What a lot of gobbly gook. Beats me. Must be a libertarian.

  4. Aficionada profile image86
    Aficionadaposted 6 years ago

    Yesterday I read an article about what amount of money puts an individual into the "1%" - it is a lot less than some of us (including me) realize.  At this date in 2011, it only takes roughly $350,000 annual income to put someone into the One Percent.

    1. Hollie Thomas profile image59
      Hollie Thomasposted 6 years agoin reply to this

      I asked in another thread for a definition of the 1%(or definition of rich) . To me, the 1% is the richest one percent globally, not nationally. If $350,000 is the annual income of the 1%, then, maybe, the protesters should be aiming at the .01%, or the multibillionaires.  I think that's who the protesters are aiming at. IMHO

      1. Aficionada profile image86
        Aficionadaposted 6 years agoin reply to this

        I think that what you are saying is very insightful - that is, as we personally try to define what the terms mean, we may come up with a non-factual definition. 

        It would be appropriate and helpful (IMO) for the protestors to revise their slogan.  Even if they aim at multi-billionaires, that will include people like Oprah Winfrey.  I heard statistics recently which indicated that in the (currently defined) 1%, only a very small percentage actually work in the area of finance.

        1. Hollie Thomas profile image59
          Hollie Thomasposted 6 years agoin reply to this

          No, I agree, in another thread I suggested that if new tax laws were to be implemented they should include celebrities. They should be inclusive. Corporations do not necessarily work in the area of finance though. I think a definition would be really helpful, for the cause, and for the specifics of the movement. I don't think the mega rich should pay more than others, just their fair share, as a percentage of income.

  5. knolyourself profile image60
    knolyourselfposted 6 years ago

    I think they put it like this:
    "42 percent of financial wealth is controlled by the top 1 percent."

    1. Hollie Thomas profile image59
      Hollie Thomasposted 6 years agoin reply to this

      Thanks Knolyourself smile That also brings me back to another question I asked. How much wealth do the 1% create, and how much do they hawk on the wealth creators?

    2. Evan G Rogers profile image72
      Evan G Rogersposted 6 years agoin reply to this

      Not financial wealth. That would be a mistake.

      A lot of that "Wealth" is capital goods.

      If you were to kill Bill Gates and divvy up his loot, a lot of people would end up with screws and nails. Maybe a hammer.

  6. Cagsil profile image81
    Cagsilposted 6 years ago

    I was on twitter early today and a senator tweeted out an interesting stat-

    400 of America's richest families made more in one year's time than 150 million other families. hmm

    1. Hollie Thomas profile image59
      Hollie Thomasposted 6 years agoin reply to this

      I actually don't have a problem with that. Providing that exploitation was not involved in accumulating their wealth, and they pay the same percentage of tax that others do.

  7. Aficionada profile image86
    Aficionadaposted 6 years ago

    @Hollie - I'm all for fairness!

    @Evan - I scanned the linked article and found it quite interesting.  Sorry that we've been assuming the 1% in the title of this thread means the same as the OWS slogan!

    1. Cagsil profile image81
      Cagsilposted 6 years agoin reply to this

      Evan has trouble differentiating between things. He loves to be unclear in his statements. lol

      1. Aficionada profile image86
        Aficionadaposted 6 years agoin reply to this

        In this case, he posted a link to an article in which the writer said that actually those who run everything (the 1%) are the government workers at the federal level.  It was not Evan who was unclear in this situation.  I'm guessing that most of us who are posting in this thread have not really read the linked article.

        1. Cagsil profile image81
          Cagsilposted 6 years agoin reply to this

          That still doesn't change the fact that Evan does post things in the forums, just to get a rise out of people, by twisting things. wink

          1. Aficionada profile image86
            Aficionadaposted 6 years agoin reply to this

            Hmmmm.  I've noticed that he's not the only one who does that.

            wink

            1. Cagsil profile image81
              Cagsilposted 6 years agoin reply to this

              I'm sure. I've seen plenty of people do it. wink

          2. Evan G Rogers profile image72
            Evan G Rogersposted 6 years agoin reply to this

            Whatevs.

        2. Hollie Thomas profile image59
          Hollie Thomasposted 6 years agoin reply to this

          I'm sorry Aficionada, but I've just read the link again. It is completely partisan, without any substance or credible evidence. Complete and utter distortion. Like you, I'm also for fairness. This link is quite insulting, to those who are willing to examine evidence. There is none.

  8. knolyourself profile image60
    knolyourselfposted 6 years ago

    "How much wealth do the 1% create, and how much do they hawk on the wealth creators?" They own
    things. Some families in America own whole counties. Might say they rent everything. This creates wealth for themselves. If you rent a storefront you may create wealth without having to build the infrastructure. Course they can run
    you out by raising the rent.

    1. Hollie Thomas profile image59
      Hollie Thomasposted 6 years agoin reply to this

      Are they hawkers smile Me thinks so.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)