Well, my fellow Politicos, it has been a long time in blog years-July of this year- since I have posted here at...
The 1% have squeezed the turnip that is the 99% so thoroughly to extract wealth that it is taking exponentially...
The governor of the great state of Georgia, L. Roscoe Poats, took a drag on his $200 Cuban Supremo, exhaled and smiled in his well appointed office on this cold and sunny day under the gold dome in Atlanta.
Skeeter Candler III had just invited him to a party of The New Oligarchs on a mountain enclave in northeastern Georgia. Just the idea that these mind-bogglingly wealthy individuals would extend him the gold-leafed invitation he propped up by the humidor thrilled him to no end.
The party was to celebrate the sale of state land to a holding company representing some of the leading oligarchs. The reputed price for the mountain and lake that used to be a state park was $1 billion added to the revenue-starved State of Georgia. Georgia. His state, his responsibility, his fiefdom.
So, asks a puzzled person, isn’t the massive wealth redistribution that has happened over the past thirty years bad for the wealthy too? After all, the companies they own need customers for their goods, and if nobody has any money other than the wealthy, then there’s less goods sold, and the wealthy get less money.
Ah, but … see, the thing is, money isn’t wealth. Wealth is GOODS AND SERVICES. Money is just a handy intermediary to use to transfer goods and services around. What is wealth is what you *buy* with money — things like, say, dachas on the Black Sea, McMansions on the ring road, that sort of thing.