The unsoaked rich

Colonel Bunny, on the subject of the one-percenters and how they stay there:

The mask has slipped in the last 25 years as the infection of high-speed trading on the stock market, the flood of insane derivatives, the chummy relationship of public employee unions and politicians, open borders, and massive money creation, among other things, have come to light. The result has been the enormous transfer of wealth to the richest 1% that has accompanied astronomical wage stagnation. This is parasitism.

No one’s been minding the store in the West for a long time. Almost all Western nations have flooded themselves with savages and run up massive debt and money supplies, all to satisfy, I presume, the moneyed interests and their lumpenproletariat clients on whom the former rely to deliver reliable votes for economic destruction and the slide into third-world grime and savagery. This has nothing to do with common sense or patriotism.

There’s scarcely any money worthy of the name down here in the old Teeming Milieu; at best, what we have turns out to be nothing more than positive ledger entries. The more pragmatic among us will note that this is better than negative ledger entries; but at any moment your personal balance may be confiscated at the whim of the State. And if they want you in red ink, in red ink you shall be.





4 comments »

  1. McG »

    20 September 2017 · 1:33 pm

    Most people who manage to hold onto large sums of money do it by not wasting what they’ve got.

    That means conservative investment strategies and middle-class spending habits. One-percenters are few for a reason: the habits that got them there are no longer widely valued, and all the people who don’t have those habits assume you can only get rich by stealing — because that’s how they would do it, if only all those rich people weren’t so damn careful, the greedy bastards.

    There’s no percentage, one- or otherwise, in buying a politician.

  2. CGHill »

    20 September 2017 · 1:42 pm

    Methodical guys like Warren Buffett are few and far between. In the meantime, we have worthless little twerps who want to know why they can’t have their Dream Car the day they turn sixteen.

  3. McG »

    20 September 2017 · 4:01 pm

    They’re one-percenters on the other side of the bell.

  4. In The Mailbox: 09.20.17 : The Other McCain »

    20 September 2017 · 6:26 pm

    […] Dustbury: The Unsoaked Rich […]

RSS feed for comments on this post · TrackBack URI

Leave a comment