Minimum wage in the 60's was $1.25 and today it is $7.25 but gas was $.18/gallon and today before Biden it was $1.50 or so.... YES, we earn more, but it costs more to live so if were to factor in inflation, our dollar was more valuable in the 60's...
Let's look at our situation through a person's net worth...
NET WORTH CONCEPT
Top 20%
One Percent broken down
.25% are high billionaires
.75% are low billionaires
- 1%
- 9% are multi-millionaires
- 10% are high/medium millionaires
Bottom 80%
- 10% are low millionaires
- 30% are high hundreds of thousands
- 20% are medium hundreds of thousands
- 16% are low hundreds of thousands
- 3% are $50,000 to hundreds of thousands
- 1% are less than $50,000
Our Free Market Enterprise system is based upon GREED... there must be greed otherwise we will have no economic growth... We need no more than 3% inflation to achieve consistent economic growth.
How do Corporations increase Revenue?
- Engineers design products with built in obsolescence
- then companies sell us warranties in case things go wrong
- advertising encourages us to buy shit we don't need
- new fashion designs each year
- new car designs
Floating Previous Knowledge
1. IBM had a policy of keeping their executives in debt - harder to change from IBM to another company - studied this in grad school
2. The Peter Principle - people are promoted to that level which is just above their incompetence
Another concept of suppression is public education
- elementary thru high school only prepares us for college not to go out and work
- college prepares us for grad school not to go out to work
- grad school prepares us for a PhD not to go out to work
- Once employed with our college degree, very little of our college classes prepared us for the job
- Education from 1960 to 2021 has been dumbed down...
WHY?
Aren't educators smart?
In order for the 1% to remain in the 1% we must have systems in place to keep the people from CLIMBING UP THE LADDER not just to upper management but to their level...
- Debt helps
- Lack of knowledge helps
- Domestic turmoil helps
- Early retirement programs help
- Inflation helps
- Internal conflict helps
- Wars help
- Pandemics help
How did these individuals become so wealthy?
Gates
Jobs
Zuckerburg
Buffett become
Bezos become
Musk become
How are people like that created?
They circumvented the rules...
Our Free Market Enterprise System is not illegal because you can get to the top like Gates, Buffet, Jobs, etc. but it is highly unlikely that you will achieve that goal... unless you find some way to circumvent the rules.
Did You Know?
Gates and Jobs were given windows by IBM
Jobs improved the operating system and Gates stole it from him
Windows was the first operating system so all PCs simply incorporated that OS
Gates was in the right place at the right time... or LUCK...
Wealthy people don't believe in LUCK... they say that LUCK FAVORS THE PREPARED which is not luck at all because you were prepared.
SAM WALTON was a billionaire, but he was also uneducated and it took him his entire lifetime to build up his money. He circumvented NOTHING...
On HULU there is a series entitled the people who built america... or something like that... they all circumvented the rules or broke the law in some cases and in other cases they STOLE the information from their competitors... RUTHLESSNESS
The General Public is being controlled:
- COLLEGE is designed for us to make more so we can spend more
- Companies will teach us what we really need to know
- Advertising will teach us to spend more than we really need to spend
- Engineers will design products that need to be replaced prematurely
- Insurance companies try to get us to be insurance poor
- Business is designed to take you money and give you less and less in return via a product
- The more we have people trying to take your money the less money we will have to grow our wealth and move up
A FRIGGING PYRAMID
