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View Diary: What Would James Madison Do (WWJMD)? Would the Framers Support the Occupy Wall Street Movement? (112 comments)

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  •  this is an imporant point (0+ / 0-)
    both groups saw themselves as rightful members of the ruling class rather than as champions of the masses.

    you reach a certain economic position, whether by hook or crook, and you forget where you came from and forsake your roots.

    A sad and timeless story, told and re-told again and again and again.....

    Let me issue and control a nation's money and I care not who writes the laws." ~ Mayer Amschel Rothschild, 1790

    by ozsea1 on Thu Oct 27, 2011 at 08:29:29 PM PDT

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    •  OTOH they measured wealth in land, not income (1+ / 0-)
      Recommended by:
      IreGyre

      A lot of those big landowners, including both Washington and Jefferson, were continually scrimping to make ends meet because of lack of cash flow, and died essentially broke.

      If it's
      Not your body
      Then it's
      Not your choice
      AND it's
      None of your damn business!

      by TheOtherMaven on Fri Oct 28, 2011 at 09:31:27 AM PDT

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      •  they still do that today (0+ / 0-)

        'Wealth' is what you own - land, a company, stocks and bonds, intellectual property (patents, trademarks, etc.), commodities, cash, and even your contracts with employees - while 'income' is the money that other people have to pay you in order to use what you own.

        The goal of wealth has always been to generate income, but agriculture has never been very good at that: you can only charge so much for bulk grains before you trigger famine and food riots, while most cash crops are really only useful to a comparatively small market of processors and manufacturers who have much larger profit margins selling finished goods to a much bigger group of people.

        Do you know why they call it the American Dream? Because it only happens when you're asleep.

        by Visceral on Fri Oct 28, 2011 at 12:31:19 PM PDT

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