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Tony Wilson
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Comments by "Tony Wilson" (@tonywilson4713) on "Global rebellion against the neocolonial financial system: 'We must change the rules of the game'" video.
I have the same question for you as a lot of other people. What do you think America's Middle and Working classes feel about all this "American Imperialism" stuff? I have a fairly long comment addressed to Ben regarding the US Congressional Budget Office report from September 2022 on Family Wealth. I think you and a lot of others need to have a look at what that report is actually saying about what has happened to the bulk of the American population over the last 40 years and particularly since the 2008 GFC.
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Its NOT that I'm against his analysis or what his Cuban friend is saying but I think he and many others are ignoring a massive reality of the American situation. I have the same question for you as a lot of other people. What do you think America's Middle and Working classes feel about all this "American Imperialism" stuff? I have a fairly long comment addressed to Ben regarding the US Congressional Budget Office report from September 2022 on Family Wealth. I think you and a lot of others need to have a look at what that report is actually saying about what has happened to the bulk of the American population over the last 40 years and particularly since the 2008 GFC.
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I have the same question for you as a lot of other people. What do you think America's Middle and Working classes feel about all this "American Imperialism" stuff? I have a fairly long comment addressed to Ben regarding the US Congressional Budget Office report from September 2022 on Family Wealth. I think you and a lot of others need to have a look at what that report is actually saying about what has happened to the bulk of the American population over the last 40 years and particularly since the 2008 GFC.
1
I have the same question for you as a lot of other people. What do you think America's Middle and Working classes feel about all this "American Imperialism" stuff? I have a fairly long comment addressed to Ben regarding the US Congressional Budget Office report from September 2022 on Family Wealth. I think you and a lot of others need to have a look at what that report is actually saying about what has happened to the bulk of the American population over the last 40 years and particularly since the 2008 GFC.
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HEY BEN: Just a counterpoint and some perspective to this. In September 2022 the US Congressional Budget Office produces a report on Family Wealth 1979-2019. Anyone can look it up. I first heard Richard Wolff mention it and as far as I know he's not mentioned it since. I saw Kyle Kulinski bring it up a few weeks ago in response to it being reported on Poilitico. I'm Australian and the first time I looked at that report I thought _"this is going to break America!" because just the first graph tells the ugliest of stories. It breaks the American population into 3 groups - the Top 10% the Middle 40% and Bottom 50%. If you just look at that very first graph the raw data says the Top 10% have sucked up a staggering amount of wealth while the middle class have done OK but the working class have been hammered and gone from nowhere to nowhere. But the really telling thing is to compare the 2007 to 2010 change against the 2007 to 2019 change because that explains what happened in as a direct result of the 2008 GFC and how those 3 groups have done since. I also corrected for population and looked at the average for a person in each of those groups. The Top 10% LOST 11.1% of the wealth in the GFC but by 2019 were 21.7% UP on their 2007 wealth. The Middle 40% LOST 13.3% of the wealth in the GFC but by 2019 were 4.6% UP on their 2007 wealth. The Bottom 50% LOST 49.5% of the wealth in the GFC but by 2019 were STILL DOWN 21.8%. YES the people who ACTUALLY CAUSED the 2008 GFC and got bailed out are not only ahead but ahead by a massive amount while the Middle Class who bailed them out have only just begun to get ahead while the Bottom 1/2 of the American people who got smashed are still well behind. So here is my point to you Ben and all the other Americans and the Others who crap on about American Imperialism and what it ahs done to the world. I have 3 questions for you? 1) What do you think the 132 Million Middle class Americans who BAILED OUT the Top 10% think about it? 2) What do you think the 165 Million Working class Americans who've been smashed think about it? 3) Do you think they care in the slightest about American Imperialism or do you think they'd just see you and others as whiny clowns? Because they certainly haven't done as well as your Cuban friend makes out. Have they?
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I have the same question for you as a lot of other people. What do you think America's Middle and Working classes feel about all this "American Imperialism" stuff? I have a fairly long comment addressed to Ben regarding the US Congressional Budget Office report from September 2022 on Family Wealth. I think you and a lot of others need to have a look at what that report is actually saying about what has happened to the bulk of the American population over the last 40 years and particularly since the 2008 GFC.
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@krejados1 I'd agree 100% with that assessment. The next question is what happens when they work out that they have been totally screwed by top10%? Sooner or later they'll work out that Bush gave them $4 Trillion and Obama gave them another $4 Trillion AND MOST of that $8T has never been paid back. In fact Trump effectively gave them another $3 Trillion in tax breaks. Sooner or later they are going to ask "Where's ours?"
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