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Praise The 1%! They Provide Improving Standards Of Living For The 99 Percent
Praise The 1%! They Provide Improving Standards Of Living For The 99 PercentTyler Durden Sat, 05/15/2021 — 12:25
Authored by Mike Shedlock via MishTalk.com,
Standards of living have taken enormous leaps forward. Don’t credit or praise the Socialists…
Praise the 1%!
Twisted minds like that of Elizabeth Warren, Joe Biden and the Progressive Left in general are taking shots at wealthy capitalists.
I came across an excellent article by George Reisman from October of 2011 that needs to be seen today.
Please consider In Praise of the Capitalist 1 Percent
The protesters in the Occupy Wall Street movement and its numerous clones elsewhere in the country and around the world chant that 1 percent of the population owns all the wealth and lives at the expense of the remaining 99 percent. The obvious solution that they imply is for the 99 percent to seize the wealth of the 1 percent and use it for their benefit rather than allowing it to continue to be used for the benefit of the 1 percent, who are allegedly undeserving greedy capitalist exploiters. In other words, the implicit program of the protesters is that of socialism and the redistribution of wealth.
What the protesters do not realize is that the wealth of the 1 percent provides the standard of living of the 99 percent.
“All of us, 100 percent of us, benefit from the wealth of the hated capitalists.”
For example, the $6 billion fortune of the late Steve Jobs was built on a foundation of Mr. Jobs having made it possible for Apple Computer to introduce such new and improved products as the iPod, the iPhone, and the iPad, and then heavily saving and reinvesting the share of the profits that came to him.
Jobs’s billions serve largely in the production of Apple’s products. Similarly, old Henry Ford’s great personal fortune, earned on the foundation of introducing major improvements in the efficiency of automobile production, which brought down the price of a new automobile from about $10,000 at the beginning of the 20th Century to $300 in the mid 1920s, was used to make possible the production of millions of Ford automobiles.
Nevertheless, the world the protesters yearn for is a world from which the billionaire capitalists and their corporations have been banished, replaced by small, poor producers, who would not be significantly richer than they themselves are, which is to say, impoverished.
They expect that in a world of such producers, producers who lack the capital required to produce very much of anything, let alone carry on the mass production of the technologically advanced products of modern capitalism, they will somehow be economically better off than they are now. Obviously, the protesters could not be more deluded.
Capitalism — laissez-faire capitalism — is the ideal economic system. It is the embodiment of individual freedom and the pursuit of material self-interest. Its result is the progressive rise in the material well-being of all, manifested in lengthening life spans and ever-improving standards of living.
Recent History
Look at what happened in Venezuela when the state took over control of the oil industry.
Look at what happened in Zimbabwe when president Robert Mugabe seized the land to redistribute it fairly.
US Setup
In the US, Progressives led by Warren, AOC, and Sanders want to confiscate wealth to satisfy their self-determined measure of fairness, just as Mugabe and Maduro did.
The US progressives are not nearly so extreme, but that’s how it always starts.
Meanwhile here is reality.
“The protesters are literally kept alive on the foundation of the wealth of the capitalists they hate.”
Addendum
I wrote that post several days ago to fill a slot while traveling. I had no idea this morning that Amazon would announce huge hiring plans.
Praise of the one percent ties in quite nicely with Amazon is Hiring 17,000 With $1,000 Signing Bonus at $17 an Hour
It also ties in with Why I Hate Unions
It’s the 1% not the 99% who create all the jobs and improve the standards of living for everyone.
The socialists would break these job-creating giants apart in the name of their perverted sense of fairness.
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“I Don’t Care If You’re Vaccinated, You Dink!” — Wisconsin Teacher Put On Leave After Verbally-Abusing Maskless Student
“I Don’t Care If You’re Vaccinated, You Dink!” — Wisconsin Teacher Put On Leave After Verbally-Abusing Maskless StudentTyler Durden Sat, 05/15/2021 — 12:06
Amid all the confusing guidance spewed by the CDC, NIH, and the Administration (from Fauci, Walensky, Biden, Psaki etc) in the last two weeks, one teacher’s verbally-abusive rage against a maskless student in her class sums up the nation’s science-denying (masked or unmasked?), virtue-signalers’ ongoing cognitive dissonance as the pandemic that gave many of them purpose in life is quickly fading from top of mind.
A video of the scene went viral after a Poynette, Wisconsin teacher (with clearly severe comorbodities) blasted a student for not wearing a mask.
“I don’t care if you’re vaccinated you little dink,” the belligerent teacher says during the exchange.
“I don’t want to get sick and die. There’s other people you can infect. Just because you’re vaccinated.”
The student, sitting against the wall, politely and calmly repeatedly says “okay” in response to the verbal abuse.
“You know what? You’re not a special person around here. You should hear how everybody talks about you around here. YOU’RE A JERK,” the increasingly aggressive teacher shouts.
The student replies that he doesn’t care what people are saying about him, which appears to further enrage the teacher…
“You’re a jerk,” she repeats. “You need to have respect for other people in your life.”
“You’re not a big man on campus,” she says as the video cuts off.Watch the full clip here..
AMERICA AAAAAAAA 😭😭💀 pic.twitter.com/RNkpQfR6Iq
— Simone Hanna (@simonelhanna) May 14, 2021Shortly after the clip went viral, the teacher was placed on administrative leave. District Administrator Matthew Shappell posted on Facebookthat the district “is aware” of what occurred and that the unnamed teacher will remain on leave “pending the outcome of the investigation.”
Dear Families,
The School District of Poynette is aware of an incident that occurred today, May 11th, involving a teacher and student at the Poynette High School. The District is initiating an investigation and the teacher involved has been put on administrative leave pending the outcome of the investigation. The District contacted the parents and we are taking steps to provide the appropriate support for the student involved.
Thank you,
Matthew Shappell District Administrator
* * *
Still, some prefer to keep wearing their masks even after the CDC changed its mind about what the latest science is, in the process denying said “science” as a signal of their virtue for all to admire even though they have now officially crossed into vice signaling.
I feel like this is something you can especially understand if you’re in a very liberal area where 99% of the people you see are wearing masks.
— David Hogg (@davidhogg111) May 14, 2021Begs the question: is an N95 mask the liberal MAGA hat?
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China Lands Mars Rover After “Nine Minutes Of Terror”
China Lands Mars Rover After “Nine Minutes Of Terror”Tyler Durden Sat, 05/15/2021 — 12:05
Update (1200ET): Until Friday, the China National Space Administration (CNSA) was very secretive about landing plans for its Mars rover. Then the China Association for Science and Technology (CAST) chief adviser of Interplanetary Exploration Ye Peijian announced in a press conference Friday that landing operations would be conducted in the near term.
An uncrewed Chinese spacecraft landed on Mars, making China the second nation after the U.S. to reach the planet https://t.co/K7IJGykKj5 pic.twitter.com/kI1E04f46p
— Reuters (@Reuters) May 15, 2021Late Friday night (or early Saturday morning in China), AP News confirmed that the rover, called Zhu Rong, successfully landed on the Red Planet via state media.
*STATE MEDIA SAY CHINA HAS LANDED A SPACECRAFT ON MARS: AP
— zerohedge (@zerohedge) May 15, 2021“The scientific research team confirmed via the telemetry signal sent by the Zhu Rong Mars rover that on May 15, the Tianwen-1 Lander successfully landed in the pre-selected landing area in the Utopia Plain of southern Mars,” CNSA said.
Landing on the Red Planet is dangerous — CNSA said it was “nine minutes of terror” as the lander descended toward the planet’s surface at a high rate of speed, and the thin atmosphere didn’t have enough friction to slow the descent.
Only NASA has reached the surface of Mars intact on multiple occasions. According to the diagram above, the lander relied on parachutes and rocket engines to slow the descent. This method is similar to NASA’s, who has landed Curiosity and Perseverance rovers on Mars.
Global Times reported the spacecraft reduced its altitude from its typical orbital trajectory and began the descent around 1600 ET Friday (or about 0400 local time in China Saturday).
Chinese President Xi Jinping praised CNSA and said the mission was an essential step in China’s space exploration.
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From currency war, to trade war, to tech war, to climate war, and now to space war, the superpower rivalry between the US and China continues to flare up with Beijing expected to land its rover on the red planet today.
CNET reports that the China National Space Administration’s (CNSA) spacecraft, which has been orbiting Mars since February, is expected to enter the Martian atmosphere at 7:11 p.m. ET. CNET cites multiple Twitter accounts that monitor China’s space programs, though we must point out CNSA has yet to confirm the timing.
The spacecraft is expected to descend into the atmosphere for approximately seven minutes. Then deploy a parachute with a lander and rover.
The rover, called Zhurong, will be China’s first attempt to probe the surface of the Red Planet in an ambitious mission called “Tianwen-1″ which was first launched in July 2020.
If all goes well this evening, the lander will smoothly touch down and will later deploy a 530-pound, solar-powered rover ready to explore the surface for water ice. The mission will allow China to map out the surface of Mars and prepare for future flights where it can send a spacecraft to the planet and return rocks or dirt to Earth.
Zhurong is set to explore Utopia Planitia for 90 Martian days, according to the Tianwen-1 team.
Meanwhile, NASA landed the Mars Perseverance rover in February, searched for signs of ancient life, and collected rock samples for a possible return to Earth. The rover also launched a helicopter called Ingenuity, which has flown five flights, taking off vertically, hovering, and landing.
The US and China have taken an interest in Mars because it is packed with rare metals, including lithium, cobalt, nickel, copper, zinc, niobium, molybdenum, lanthanum, europium, tungsten, and gold, essential minerals that will power the economy of tomorrow.
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