The Taxonomy Of The American Economy (May 21, 2018)

. . .

K          “The economic and political system exists for the benefit of the one one-thousandths of one percenters (.001 %) and the remaining members of the One Percenters (.999 %).  The Four Percenters (4 %) include the schooled servants squiring to the needs of the One Percenters.”

J          “The tax lawyers, obeisant judges, lecherous lobbyists, teeth whitening dentists, pliant politicians, public relations spin doctors, officious bureaucrats, tummy-tuck plastic surgeons, and their ilk.”

K          “As long as they obey and play, they get the pay.”

J          “They say.  The Fifteen Percenters (15 %) may stay a pay check or two ahead of calamity, yet many are never really economically secure or free of the nagging concerns that haunt them at three in the morning.”

K          “The butcher, the baker and the candle stick maker.  The good old Middle Class.  The good old Middle Class has been badly butchered, baked and left in the dark and the dirt.  Is it even as high as fifteen percent if you factor in the insecure position of so many of them?”

J          “Beneath them are the Eighty Percenters (80 %) who have desperately little chance of ever participating in the American dream.”

. . .

J          “The Dow and the Russell 5000 Index and such metrics measure the economic situation and security of the Five Percenters, not of the general public.  Assessing the real economy requires one to study metrics such as the U6 measure of unemployment of those who were making under $50,000 when they were fired or laid off, opioid use, child mortality rates, consumer debt loads, etc.”   

K          “The poor, the dispossessed, the downtrodden, the unwashed masses, [the] hoi polloi, the sheeple are summoned on election day for an hour to vote their fears and hopes and summarily disregarded the rest of the time.”

J          “Seems we could do better.”

. . .

[See “Shadow Stats” collected by John Williams and navigate the site and the sources.]

[See the e-commentary titled “The Microeconomics of Suburban Subsistence (February 7, 2005)”, “The Microeconomics of Suburban Subsistence: Three Years Later (February 4, 2008)” and “Justice Is a Middle Class Creation, Delusion and Aspiration (March 20, 2017)”.]

Bumper stickers of the week:

Feed the homeless to the hungry

The beatings will continue until morale improves

One Response to “The Taxonomy Of The American Economy (May 21, 2018)”

  1. I’ve pretty much had it. Can we secede now?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: