facebook friend Wayne wrote: if the 1% were to disappear overnight, just simply cease to exist; the world would continue on with minimal interruption.
If the middle class and poor were to disappear overnight, just simply cease to exist; the world’s economies would collapse, and mankind would die off within one outbreak of flu.
What’s the difference between them, and us?
We don’t need the 1%, and they can’t survive without us.
This is how they dealt with the 1%, back in the day
In a way I agree, in a way I don’t. If everybody but the 1% were to die off (which is an outcome certain members of the 1% seem to be actively trying to bring about) the world would have a population of about 70 million, with lots and lots of vacant land. Admittedly, they’d have to learn to get their hands dirty, and they’d no longer have their chauffeurs, their cooks, their gardeners, and so forth, but most of them would survive.
Contrariwise, if there were a sudden outbreak of onepercentitis, or a resurgence in the popularity of the guillotine, the world would indeed continue on, but I think there would be a noticeable effect: the ‘trickle down’ effect, as Reagan so lovingly referred to it but which has never happened.
Think about it. One percent means one out of one hundred. For every one percenter who disappears, his (or her) immediate relatives are going to inherit bucketloads of money, valuable doodads, and huge properties. Of course, some of them are in the one percent as well, but then it goes on to the next. Also, their colleagues are going to benefit. Vice presidents will move up to become presidents, partners will become vice presidents, rookies will become partners. Most of these people are going to go on at least a bit of a spending spree with their newfound wealth, which spreads the money out to car salesmen, drug dealers, and waitresses at Hooters. Those car salesmen, drug dealers, and waitresses have families, too, so that’s more who will benefit.
If, for every one percenter gone, 5 or 6 people reap a huge immediate benefit, the ‘trickle down’ will eventually benefit 99 people, easily.
I’m not saying we should kill all the rich. Killing is morally wrong, and it might be kind of hard to stop once you got started. After the first hundred or so noblemen got guillotined back in the early 1790s, it just kept going because by that time people were kind of into it.
I’m just saying that it would have a financial effect. An extremely positive financial effect.
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