I have always said that so long as McDonalds has a hot burger for a few bucks on every street corner, there will not be a revolution in the US.
Rather than starving to death, we have an obesity epidemic along with an opiate epidemic, which prevents the revolution from getting up off the couch.
Not trying to claim a conspiracy here, just the way things are.
Yeah, the gap between the wealthiest and everyone else literally does not matter at all, when it comes to ‘motivation for revolution’.
The overall level/amount/condition of poverty is what matters. And let’s be real, things are not nearly as bad in the US today as they were in France before the French Revolution. Not even close.
Fact is, if you magically bumped everyone up so that no one was making less than $75k a year, the wealth gap would be essentially identical to what it is now, because the gap between zero and 75k is nothing compared to the gap between 75k and hundreds of billions. But no one would be suffering in poverty, so would anyone care about the wealth gap, then? I seriously doubt it.
Great point!
McDonald’s charging $10-20 for shit-tier burgers in some of the US:
McDonald’s is expensive now.
A double cheeseburger was a dollar a few years ago, sure. But it’s almost that much for a single nugget these days.
A hash brown is 3.50 at the one by my office.
Looked it up:
McDonald’s double cheeseburger hasn’t been a dollar for over 15 years (started in 2002, and in 2008, the McDouble replaced it, which had one fewer slice of cheese). And the McDouble itself stopped being a dollar in 2013, over a decade ago. Bit more than “a few years ago”–I think Covid screwed up everyone’s perception of time more than usual, lol.
That said, I get lunch at work several times a week at Wendy’s and always pay less than $5, not too bad all things considered imo.
Wendy’s is still a pretty good deal. A cup of chili and some nuggets ain’t a bad price.
It only takes about 3% of the population to push effective revolution. That’s still over ten million people. We might be getting close.
Ahhh so the Wall-E form of public control.
I can see it
Conspiracies happen in secret. There’s no hidden agenda, just the publicly-stated agenda.
Just offer free food and specially free opiates if they start a revolution. There’s many means to a end
The reason there isn’t a revolution in the USA is mostly down to atomization. Suburban growth directly leads to insular communities with no sense of responsibility to the rest of their brothers and sisters. Working class families in the burbs have functionally 0 ability to organize.
To add that on, I like to underscore the gravity of the situation here with details:
- The top 10% of earners starts at ~170k/yr
- The top 1% start at ~820k/yr
- The top 0.1% start at ~3,300k/yr (3.3 million)
- If Elon Musk had 100% of his net worth in really basic bonds giving 5%/yr he’d be pulling in 22 BILLION dollars per year, forever.
The interest on his earnings alone is equivalent to 130,000 workers at the start of the top 10%. That’s the entire workforce of American Airlines for comparison.
If the average person was paid like the 0.1% for 1 year they could retire and live off 65k/yr forever.
This chart is broken down by quintiles but it illustrates the disparity well imo.
Half of the wealth of the top 20% here (excluding top 1%) is in businesses or real estate they own. Most of that will be their own house and a small business, though
leeches“landlords” mostly fall in this category too.For the top 1% that’s more like 20% of their net worth.
No dude you mixed some numbers up - 5%/yr of 440 billion is 22 BILLION dollars per year.
Unless you meant he could put 0.1% of his wealth (440 mil) to pull 22 million a year.
In fact, he could put less than half of his total net worth, 200 bil, into a basic savings account returning 0.5% a year and live off of a billion dollars a year, which is equivalent to the median income of 16,666 others.
While you were writing this comment I was updating my original comment because I messed up! Correct: 22 BILLION.
Market 10 year average is 11%. 400B at 11% for 30 years left of his life. That’s not 1 trillion dollars, not 2… Not 3… It’s over 9 trillion.
His money if allowed to be passed down and kept in the market, would make more than 1T dollars a year at that point.
Yeah but his net worth is tied mostly in specific stocks.
And beyond that broad market withdrawal rates mean you can really only safely pull about 4% without eating into the nest egg.
But yeah it’s all true - he’s on track to a trillion before he dies.
He doesn’t really need to sell though does he. Like imagine if ceo’s came out to trade and give public announcements beforehand to build trust. For instance an Apple Executive trading directly with Musk equal valued shares and telling the populous it is a good thing as these executives are showing that they believe strongly in these other companies. Next thing you know he’s got his investments varied across every field, and should maintain a portfolio matching the market average whether one field struggles for a bit or not. It “looks” like they are all showing faith in each other’s future gains, but in reality is is diversifying their portfolio to ensure no large setbacks
What’s interesting is that this doesn’t even tell the whole picture.
Because those people earning $170k/year? More than likely their net worth is negative. They owe more than they’re making, and even at that income rate and excluding long term debt, they have just enough in savings to last three months max.
Yeah and those are national statistics.
You don’t hit the top 10% in New York state until you break 330k
Most people that are making that kind of money are pretty smart. They have multiple investment strategies, multiple places that they store their money, and typically have some sort of easily accessible nest egg (like a mutual fund or crypto). I guarantee about 3/4 of them have enough to last AT LEAST 6-8 months without a job before things started getting a little tight.
If your living within your means and making that kind of money, you don’t really have to worry about losing a job or things breaking down, or other big issues (short of medical emergencies).
That must really depend on where you live, because I know a LOT of people making that kind of money who aren’t living extravagantly, but are definitely not living within their means.
They could be, with proper money management and a decent budget, but they generally aren’t. The type of income in that zone often tends to come with jobs that require physical presence in an area that’s really expensive to live, with expensive childcare and a need to have it; often people also own a mortgage and a car lease and eat their lunches at restaurants as part of the social networking needed to maintain employment relationships.
Neighborhood politics, social gatherings, community hotspots has massively declined in the last two generations,
It’s really hard to organize anything face to face?
It is and while I don’t think that was Eisenhower’s 5d chess play it is more or less directly from cold war era policies that encouraged Americans to live anywhere besides a city.
Yet if you keep the comparison until present times, you can only acknowledge the fact that the French once again rioted very violently and for months back in 2018-20. The “yellow vests” were mostly lower-income workers from far away suburbs and villages. Facebook let them organize and have a real impact on national politics and policy.
It was also a significant amount of right wing agitprop opposing any reduction to fossil fuel usage…
Yep, I wonder what would happen in the US if gas was suddenly taxed 50% up (much more than the yellow vests case, but it is a thought exercise)
Not sure where you’re getting your income percentiles from.
This site shows that 90th percentile (top 10%) household starts at $230k and 99th percentile (top 1%) starts at $631k.
For individuals the same site shows that the 10% starts at $150k and the 1% starts at $430k.
https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/
Because holy shit does “dqydj.com” look sketchy as fuck. The fact you clicked on a URL called that has me worried for your safety.
Like skipping through a minefield
Ok, I see where your source went wrong. Par for the course for Investopedia, which tends to get a lot of little details wrong (and sometimes misses the mark on the applicable scope of data that someone else has reported). But they’ve cited the Economic Policy Institute study of 2021 incomes, which looks at the average (mean) earnings within that group, rather than the actual amount that represents the boundary of that group. So it’s not that it takes $3.1 million to be in the top 0.1%, it’s that all the people of the top 1% average out to $3.1 million per year. Which, for the type of power distribution for household or individual incomes, is skewed heavily by the people who have the highest amounts.
And looking at the mean within that group can be fine, for certain purposes, but they’ve gone with the incorrect headline of saying “how much income puts you in the top 10%, 5%, 1%, 0.1%?” So it’s a headline that is wrong, that reports on a different number within the data.
And your own comment, saying that reaching each percentile “starts at” the reported number, is also wrong.
Because holy shit does “dqydj.com” look sketchy as fuck.
It just stands for “don’t quit your day job” and I’ve found that it’s a reliable resource for statistical data that’s widely available (like the ASEC numbers published by the Census Bureau and left to other people to actual turn into data visualization). It’s up to date, and the data matches the summary report on the Census website, so what’s the problem? The summary only reports the 90th and 95th percentiles, though, so I needed to find someone who actually reported on the thresholds for 99 (and not the averages within the top 1%).
TIL - Thanks for the context on dqydj.com
Cause that would’ve been a straight “report spam” if I got an email from them.
Are you sure it’s not 220 mil or 22 billion a year
Whoops it’s 22 billion not million.
The internet is also a big reason. Why put effort into fighting back when you can just bitch about it on social media?
Elon Musk could transfer $1 million in stock to each of his 153,473 employees,
which would cost him $153 billion and he would still have a net worth of $302 billion!
He’d still be the richest man in the world and would still have $56 billion more than Jeff Bezos!And some of that money he has came from under-paying factory workers at his Fremont, California assembly plant. For a long time the hourly rate was $22 (not sure what it is now) but auto plants in the Midwest were paying that or better and he was paying $22 per hour in one of the highest cost of living areas in the country.
Elon is now worth more than Jeff Bezos and Bill Gates combined.
And some of that money he has came from under-paying factory workers at his Fremont, California assembly plant. For a long time the hourly rate was $22 (not sure what it is now) but auto plants in the Midwest were paying that or better and he was paying $22 per hour in one of the highest cost of living areas in the country.
All those employees were given stock options as part of their total compensation which those other auto factories did not give to everyone.
All the early floor workers would be multi millionaires if they kept their initial stock, not counting using the employee program to buy more at a discounted rate or further employee incentives.
Anyone who joined a little after the Model S was being sold and the early model 3 time up to around mid 2020 would have around a quarter million if they didn’t aquire any additional stock.
I wouldn’t be surprised if Tesla as a company created the most employee millionaires of any recent USA company due to giving every employee stock as part of their compensation.
Early SpaceX employees are in a similar boat, but it’s harder to get rid of their shares since it’s private so it’s harder to quantify it.
Tbf, if he transfered that stock, the price of it would crash as the employees sold it. He’d have to do some kind of slow transfer over several years.
All businesses should be worker or consumer cooperatives. Capital shouldn’t be divorced from stakeholders like in our current capitalist system, but rather socially owned by the direct stakeholders like in Mutualism.
The French people do not tolerate shit, the Americans on the hand will wallow in it and say work harder for less.
It’s one of the main reasons our owner class has sought to mock the French with “surrender” slurs and “freedom fries.”
They’d very much like the citizenry to forget Frances contribution to America and “western culture” over the last 200 years lest they get any ideas.
100%
In France, they set shit on fire at the drop of a hat. Can’t have that in 'Murica.
Oh we definitely set some shit in fire after watching how they lynched George Floyd
Spot on!
the propaganda machine seem to do its job better in the us
why would you crop out the source declaration?
“Data for Boston 40% in France is extrapolated from a single data point.”
Oh I see, this is reliable data.
You want absolutely precise statistic data from XVIII century?
I want more than one data point. This is poor scholarship being presented as rigor.
Why would you post an image of text?
Americans are too weak to demand what we deserve. Too complacent.
Worker productivity has skyrocketed over the last century, but we’re still working the same 40+ hour work weeks. What’s the point of advancing technology and increasing efficiency if our lives don’t get easier/happier?
Healthcare is dogshit and we’re all categorically getting ripped off by it.
We used to tax rich people appropriately in this country and, surprise surprise, the middle class was way stronger back then.
Now we’re just pussies that let the useless mega-rich do whatever the fuck they want to us and idolize them for it.
We’re a bunch of bitches is what we are. Too feeble and uneducated to bring about real change. Even voting against our own best interests because we can’t be bothered to learn anything. We’re honestly pathetic.
Despite the current wealth inequality a good number of people are still living decently enough.
I’m waiting to see what happens when Trump starts putting his taxes in place. When people are miserable enough they’ll take to the streets and protest. If we reach a breaking point where living conditions completely break down and there still aren’t protests then it may as well be over for democracy.
As if the US is currently a Democracy
Never has been
As if there is really a democracy left anywhere. We’re going back to fiefdom baby!
America is a frog getting slowly heated in a pot of water. The only hope is to turn up the heat fast enough and high enough that the frog jumps out of the pot before it gets cooked
Yeah there is no single explanation for revolution. Looking strictly to wealth distribution is reductionistic at best. I mean, wealth distribution was arguably better in the U.S. in the 1860s than it was in the prelude to Revolutionary France and yet we had a Civil War lmfao. There are endless examples that disprove this rule. The reality is: popular unrest is extremely complicated, and the factors that lead up to it are varied with fluctuating levels of influence at different stages of development. Sure, perception of wealth is a key component… but its hardly an explainer.
Despite the current wealth inequality
It’s not “despite” the gap, because the gap itself does not cause poverty. If the poorest person in the US made $75k/year (in other words, poverty completely eradicated), the size of the gap would still be pretty much exactly the same (after all, the difference between zero and 75k is nothing compared to the difference between 75k and hundreds of billions, which is the current net worth of those with the most wealth).
After all, 50 years ago, the gap was significantly smaller, but the overall incidence of poverty was much higher.
Someone’s always going to have the most. And new wealth is constantly being created. And net worth is a valuation, a price tag, not an amount of cash (which is the primary reason it can go up as fast as it can–cash money simply can’t do that). Given these facts, expect this gap to always exist (and almost certainly continue to widen), even after poverty is eradicated.
There are significant barriers in place for revolution in the US. The Proletariat is still under the belief that supporting US Imperialism will benefit themselves more than Socialism. Additionally, theory is frequently coopted by Trots and other impractical forms, resulting in people endlessly seeking to critique society, not change it (your Noam Chomskys and the like). Moreover, labor organization has been millitantly crushed.
I recommend starting with theory. I have an introductory Marxist reading list if you want a place to start.
For elaboration on Chomsky, I recommend reading On Chomsky.
i saw someone else try to share a similar message on tiktok yesterday and the overwhelming majority of the american users referred theory as little more than “book clubs for intellectuals” despite the chinese & latin american users trying to defend its usefulness on the same post.
getting my feet wet with this reading list is making it clear to me that i’m still a heavily propagandized american liberal and some of the tiktokers who called it a book club had seemingly more knowledge of theory that I did, so i wasn’t qualified to speak up. what would your response be to such a criticism?
People who denounce theory denounce revolution. It’s plain and simple. Back in pre-revolutionary Russia, the SRs declared “an end to theory” as a unifying factor to be celebrated, and declared assassinations “transfer power.” This is, of course, ridiculous, theory is important because it is useful despite disagreements over it, and assassinations do not “transfer power,” but create a void filled by those closest to it, always bourgeois, never proletarian. The Bolsheviks ended up being correct, that theory, discipline, and organization is what brings real revolution, and the SRs have mostly been forgotten. I recommend reading Revolutionary Adventurism.
It’s important to recognize that Westerners have an implicit desire to maintain the status quo, having been taught all our lives that we have the “best possible” system yet. The western leftist idea of “no true Marxism yet” fits conveniently with that narrative, it’s deeply chauvanistic and moreover anti-revolutionary. Looking at the most popular trends of Marxism in the west, we see many Trots and “orthodox” Marxists, some of the least successful in producing real revolution globally, while in the Global South Marxism-Leninism is dominant.
The “book club” Marxists are equally dangerous as the “adventurist” Marxists (or Anarchists, if you prefer). It is only through uniting theory with practice that we will succeed. You cannot be anti-theory and you cannot be anti-practice, you must unite both. I want to commend your discipline in not speaking up, one of the guiding principles of Marxists is “no investigation, no right to speak.” Muddying the waters with low quality input is pollutant, asking good questions and practicing self-restraint when speaking on what you don’t know clarifies the waters of discourse.
I highly recommend reading Masses, Elites, and Rebels: the Theory of “Brainwashing.”
To add on to what else has been said, you can just be blunt and obnoxious about it. Tell them “If a bunch of barely literate peasants in China can figure out Kapital on their own despite it being written in another language, you can read a pamphlet or two.”
People smarter than anyone alive have done more in worse conditions and did us the courtesy of writing down what worked and what didn’t. The Bolsheviks, Black Panther Party, anarchists in Civil War Spain and Nazi Germany, etc. were in life or death situations trying to mobilize leftwing revolution. The least anyone calling themselves a socialist can do is read what they wrote. If you say “I don’t need to read theory because it’s just a book club,” you’re being an arrogant, egotistical asshole.
We also live in an age where there are audiobooks and videos that will read this stuff to you for free, something our predecessors didn’t have. People with disabilities have used these tools to help them understand theory when they struggle with reading. There’s really no excuse.
yes but have you considered that in nk they have no food and push the trains? (source: CIA) instead of all this radical talk i think we should VOTE harder, especially for progressive like bernie and aoc
Careful, bub, there are people lurking who think this quite seriously
You don’t? Tankie detected 😠
Gasp! My clever disguise has been sundered!
I know it’s cliche by this point. But this one misattributed1 quote has become more prescient than ever.
They’ve learned that giving us new shiny shit every year will keep the majority of us mollified against all kinds of injustice.
1 - Commonly credited to George Orwell’s novel. It’s actually from the stage play adaptation.
I wouldn’t glorify Orwell, he was violently reactionary, even Anarchists fighting alongside him questioned why he wasn’t on the “other side.” He had a deeply aristocratic worldview, admired Hitler, and despised the Working Class for their “stupidity.” I recommend reading On Orwell as well as A Critical Read of Animal Farm.
Not glorifying Orwell. I’m aware of his history. The quote actually belongs to either Robert Icke or Duncan MacMillan; the two men who wrote the stage adaptation. Politics aside, it’s a fitting quote.
Fair enough! Just wanted to point it out as I think he leads a legacy dangerous to the left.
Essentially, we get to eat cake every so often, while bread rapidly becomes unaffordable.
If you just give everyone unlimited bread sticks most people never even make it to the entree, and I don’t think that’s a bad thing.
funny how such a big anticommunist meaning to predict socialism just ended up predicting capitalism
they shaped their culture around anticommunism. you bet they will keep alienating their people further, and will hold off a revolution for as long as possible.
The revolution was about missed meals and lack of food. The US isn’t there yet.
I’m not sure I would characterize it that way. It was a bourgeois revolution, lead by the bourgeoisie, who were not starving. Same with the American Revolution. These were revolutions led by & funded by people who owned the means of production.
This is faaaar too low. The French Revolution was really triggered by famine and people not having enough food.
Looking at wealth distribution on a country-by-country basis is a mistake.
Take that US wealth distribution graph and then graph it with the rest of the world; the reason there’s no revolution becomes obvious.
please provide image
From what I’ve been seeing throughout the years, I’d say give it time. Change usually takes a bit to get started and things usually hit a low point before a breaking point.
The next four years of Tweedle-dee and Tweedle-dum running things could trigger something especially if they try to go through with that P-'25 BS. As it is, the indiscriminate mass deportation in it that they are planning (including natural-born) could easily be a bit of a powder-keg for starting a massive protest.
The top 10% have 70.7% of wealth in the US currently (from the federal reserve website)
