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Cheezoholic

(2,994 posts)
23. Oh yeah. This is a BIG reason the wealth of the many has been cornered by so few.
Fri Mar 21, 2025, 08:40 PM
Mar 21

These fuckers love rescissions, especially now. The richest today aren't like the richest during the great depression. Those wealthy folks, including manufacturing giants, had their capital tied up in income producing assets like well manufacturing. In this service economy we live in today, a recession, deep recession or even a depression will only hurt the smallest (which is the largest majority) of those that provide the services. Independent construction contractors of all types, small restaurateurs, independent kraft brewers of all types etc, you get the drift. Those that already own 90% of the wealth will just scoop up those foreclosed buildings (whether they be homes, or small apartments and small business's) at pennies on the dollar to the point where they own 90% of the buildable "plantable" land in the country. The rest will be what THEY need to provide high end services to themselves and to live upon in giant extravagant compounds behind protected security for themselves. Everyone else will be forced to pay them to have somewhere to sleep and to work at.

It will probably last 2 maybe 3 generations before wash rinse repeat, revolution then the meek shall inherit the Earth again doomed to repeat that cycle over another millennia. (except the planet will be toast this time around )

I call it The cycle of Oligarchy

Recommendations

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Unfortunately, Ms. Toad Mar 21 #1
Reality may suck, but it is what it is. n/t elocs Mar 21 #2
I know... SnoopDog Mar 21 #3
I believe the point is mercuryblues Mar 21 #8
THIS Mike 03 Mar 21 #13
Put it into banker's terms. Bev54 Mar 21 #4
Banks, mortgage investors, etc., aren't going to support SS elimination. Silent Type Mar 21 #5
technically, the money we put in funded the previous generations Skittles Mar 21 #6
Except for the nearly $3 trillion we paid into Dave says Mar 21 #14
Thank you for bringing this up. slightlv Mar 21 #20
I'm sure the customer service representative at the bank taking calls will get right on it MichMan Mar 21 #7
I know you are being sarcastic....but SnoopDog Mar 21 #9
Yeah, I'm not calling my credit union and saying my payment is based on SSI. dem4decades Mar 21 #12
then the manager said onethatcares Mar 21 #10
I prefer to be positive in this darkness caused by the Traitorous Republican Party... SnoopDog Mar 21 #11
Banks do not like to foreclose on people . . . AverageOldGuy Mar 21 #15
Steve Mnuchin, The Foreclosure King Zackzzzz Mar 21 #19
At least you have a house. valleyrogue Mar 21 #16
Eviction Moratorium Baron2024 Mar 21 #17
I think that the banks blue cat Mar 21 #18
Your statement feeds right into the idea I've had that this is slightlv Mar 21 #22
Oh yeah. This is a BIG reason the wealth of the many has been cornered by so few. Cheezoholic Mar 21 #23
Imagine if Soc Sec did become an unreliable income source: retirees who need to move to a new rental would find Exp Mar 21 #21
Latest Discussions»General Discussion»I'm retired, on Social Se...»Reply #23