The 1% protects the 99%

>the 1% protects the 99%


discuss

From wealth

No.

Nah, they convince the 64% to keep working and paying taxes so the 35% can mooch off them with welfare.

Yep, the only solution to this worsening problem is more state intervention. The only reason state intervention has made things worse over the past century is because there wasn't enough of it.

Nope.

Yeah, but to keep doing that the 1% protects them from WW3 or other catastrophic events

No people = no money for the 1%

from...safety?

>protects

Why exactly should they protect anyone?

>protects the 99%
Actually they are investing heavily in eugenics e.g. Bill Gates cause when full automation comes the useless human production workforce and the production to support that will be completely a burden on the Earth, they call it useless eaters.

If the rich won't be our savior then they are our enemy.

They have been in the US since the 1970s

Because they're no longer rich if their currency is worth nothing.

The poor don't own much, so if the rich have most things, well they make the economy, the value of the currency is dictated by their transactions.
The rich can trade between each other and still have a healthy economy.

This

A sheep keeper can't kill all his sheep's.

Maybe if countries still used a gold standard, that isn't the case now though.
An economy isn't generated by two people handing money back and fourth either, have you been listening to that Krugman again?

snek thread?

The rich own the most gold and their transactions(buy/sell/borrow/loan) are more valuable since they have leverage.
A gold backed currency would be the responsibility of the issuer/central bank to own PHYSICAL gold, the people have nothing to do with it, even more since, again they don't own a lot of gold in the 1st place.
Gold value would rise even more, constantly since the expanding economy will issue more currency backed by the much needed gold that is a scarce/finite resource.

...

Again you're missing the point all together. If you make the currency worthless, the people that make the food you live off of can't afford the gold so they're stuck with the useless currency, so you either have to pay them in gold or they starve then you starve.
If you pay them in gold you're not just passing money back and fourth between two rich people.

The US has significant strength due to corporations

but by all means demonise them further if you want, your loss

THE RICH CAN MAKE TRANSACTIONS BETWEEN EACH OTHER(buy/sell/borrow/loan ETC.)
The currency won't be WORTHLESS since it will have demand generated by those transactions. The poor can stand in slums/favelas/ on the side of the economy and rot in poverty disease cannibalism and misery!

>demand generated by those transactions
That doesn't generate demand. It's also not how fiat currency works.

>The poor can stand in slums/favelas/ on the side of the economy and rot in poverty disease cannibalism and misery!
Then the rich starve to death and their infrastructure falls apart.

And I said
> when full automation comes

>le automation meme
Automation still requires people to service the machines and the infrastructure.

The gold also becomes worthless if you have your perfect automation since the price of everything becomes zero.

>Then the rich starve to death and their infrastructure falls apart.
NOT IF THE ECONOMY IS FULLY AUTOMATED YOU CRETIN!
>That doesn't generate demand.
Transactions include demand and offer+ others.
E.g.: a huge company demands(DEMAND) oil/steel/ materials etc t build(OFFER) fully automated lines FOR OTHER COMPANIES OR GOVERNMENTS.

VERY FEW PEOPLE !
NOT EVEN 1% OF THE CURRENT WORKFORCE.

>E.g.: a huge company demands(DEMAND) oil/steel/ materials etc t build(OFFER) fully automated lines FOR OTHER COMPANIES OR GOVERNMENTS.
Then it isn't fully automated you cretin.

>gold
Gold backing of the currency is a flaw/weakness in any modern banking. It used to stabilize the economy when it wouldn't grow as fast or wasn't as dynamic.
Gold is a good building metal(very few oxidation) in electronics and many more so it'll always keep a fair value.
It is but that doesn't mean that multiple companies can't exist.

I read Atlas Shrugged too OP

Well that 0.01% human labor will be replaced eventually.

Protects them as commododities of the state.

>commododities
?
You wouldn't keep billions of racoon commodities in your backyard!