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It would really fucking help if we stop giving billionaires a god damn microphone. All these news sites and even social media shares. Stop it.
Oh, climate change issue?
Let's see what "self-made" billionaire CEO of Oilerson Oils, Oily Oilerson, grandchild of another billionaire, has to say.
"With these unprecedented times, we must bond together and move forward, else we move backwards."
They keep buying the microphones.
The wise words from those smelly old men...
And after microphones, they've moved on to buying education. Really recommend that you watch this video.
Dealing with the billionaire problem should be everyone’s top priority
Even the billionaires, really. Less income inequality, more income security.
The French Solution. Worked before.
I'm not sure if anyone really believes that the rich hoard immigrants.
[Saudi Arabia has joined the chat]
And honestly, a non-zero amount of Western elites as well. It's just smaller scale.
Every company that has a small town under it's thumb.
It's so hard to know where to even start. Say one thing and it's like you have to go right back to the basics of how money, capitalism and society work. Nuanced conversation is Impossible.
Me, pulling down a chart when anyone asks me a question about modern society: "Okay, to understand this, we have to go back to early market economics of Mesopotamian city-states..."
History repeats itself... Except now we have climate change and nukes.
I was having a talk with my 73 year old dad the other night and he still swears up and down that it's the illegal immigrants crossing the border that are stealing all of our money. I asked him where he got this info from, he said he reads things on the internet. I had my laptop out and said "show me" and then of course he said "I don't know how to search for it!". I then told him that he was full of shit, he said the same things about the points that I was bringing up. I told him the difference between my points and his is that 95% of my points I can find a source for, his is always a form of "do your research!".
He said he never believes online surveys because he's never been asked to participate in one, so he thinks it's always a small perfectly chosen group of people in order to sway the results. I read him Pew Research's surveying methodology and they said that they have all the datasets available. I mentioned that the GOP is almost entirely white people, and he said "How come there were 'Black People for Trump' in the last election?". He wanted to know the results of a particular survey that had to do with politics, but of course wouldn't look them up himself so I registered for an account, downloaded the datasets and showed it to him. From 2018 until now the GOP has been almost entirely white people, from 88%-92%, it even said that a quarter of them were "males over the age of 65 who identified as Protestant".
Its not hoarded wealth, its spent on things that make them more money. More "ownership" of others work.
There's actually a stunning amount of simple hoarding of cash. It's a major contributor to economic stagnation:
https://psmag.com/economics/one-percent-stop-hoarding-much-cash-84996
https://insight.kellogg.northwestern.edu/article/companies-hoarding-cash
https://pitchforkeconomics.com/episode/the-velocity-of-money-with-ann-pettifor/
[me having a flashback to 2015 when I argued that low velocity of money was going to be a major killer of Western economies if nothing changed]
GOD I HATE BEING RIGHT
Super simple analogy I like to use:
You're a kid and you go to a badly run daycare with nine other kids. Your parents pay for your stay and the person running it gets a daily shipment of food from that money, let's say, eleven sandwiches [a convenient but not perfect stand-in for workers generating the resources and value for the bourgeoisie]. He should keep one for himself and give ten to the kids, so everyone gets one sandwich, but instead he keeps six and gives all of you five, so you only get half each which is barely just enough. Now, five more kids join, their parents are also paying the daycare owner, and he now gets sixteen sandwiches per day. But he keeps the difference for himself and still gives you all five. Now you each only get a third of a sandwich, barely even a mouthful and you're hungry all the time. Do you blame the new kids for also being hungry and eating the food, or do you blame the daycare worker for hoarding all the food in the first place?
Poor people have shitty lobbyists -John Oliver
Technically they don't hoard the cash, they loan it out to other rich people with the expectation of a return on their investment. Or theyhoarfd property.