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The Mind of the 1%


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2014 Apr 27, 3:20am   15,540 views  81 comments

by Bellingham Bill   ➕follow (2)   💰tip   ignore  

http://deadspin.com/exclusive-the-extended-donald-sterling-tape-1568291249

Do you know that you have a whole team that's black, that plays for you?

You just, do I know? I support them and give them food, and clothes, and cars, and houses. Who gives it to them? Does someone else give it to them? Do I know that I have—Who makes the game? Do I make the game, or do they make the game? Is there 30 owners, that created the league?

This is their world, we just live in it.

After-tax Corporate profits:

http://research.stlouisfed.org/fred2/series/CP/

The top 5% of the economy makes a bit more than the bottom 75% put together

The middle 5- 25% also make less than the top 5% (they're each about 1/3 the distribution).

This 5% are not generally-speaking supermen in the entrepreneurial or productive sense. They just have assets working for them, the higher you go up in the income curve, the more this is true.

Even the GOP is going to have to admit this basic fact of reality eventually.

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81   FortWayne   2014 May 1, 2:58am  

turtledove says

Why she feels compelled to tape him and make it public is another story.

She already made that public, she was asked to record him. So just look at whoever is going to be buying the team, that's probably who started this. No one does things like that without some significant financial motivation.

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