- Joined
- Dec 10, 2011
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Investing =\= spending on non essential consumer goods.This is demonstrably untrue.
While it may be said that some poor folks allocate too much of their income to nonessential goods, saving is not and has never in American history been the hallmark of the upper class or of upward mobility: spending is. "You gotta spend money to make money" and all. Allocating money into savings, as opposed to say stocks, is a guarantee you'll never be rich.
Also, the rich are the ones driving the neoliberal and austere political machine that has been putting a pillow over the face of the average American for the benefit of the rich. It was the rich who pushed for regressive tax cuts, who fought to kill unions, who fought to privatize the public sector.
Yes, while you may not be able to impute some moral to all "rich dudes that don't even know who you are," you can absolutely blame declining wages, declining mobility, and economic inequality on the rich, categorically.
SBJJ was clearly highlighting that many people have a “cost of lifestyle” problem.