When Despots Rule: Nobody Reads Robert Kiyosaki

Nobody Reads

Here are a few examples from the book FAKE by Robert Kiyosaki, that I am reading now. It’s a favorite in MY library…because Mr. Kiyosaki GETS IT ALL. If you want to read a money book, I suggest you start with this one.

He talks about money, who has it, and how we got to this point.

FROM THE BOOK:

The system is broke and broken. The gap is growing. We are on the verge of class warfare.

Steven Brill reports:

1. Between 1929 to 1970, middle-class incomes grew faster than upper-class incomes. Income inequality was reduced.

2. In 1928, the bottom 90 percent shared 52 percent of total wealth.

3. By 1970, the bottom 90 percent’s share of total wealth increased to 68 percent.

4. In 1970, the top 1 percent’s share of wealth was down to 9 percent of total wealth.

5. In 1971, the trend stared going the other way and accelerated.

6. By 2007, the wealth of the top 1 percent was up to 24 percent of total wealth.

7. By 2012, the bottom 90 percent share dropped to 49 percent, less than half of total wealth.

Steven Brill goes on:

The elites were able to consolidate their wings, outsmart and co-opt the forces that may have reined them, in, and pulled up the ladder so more could not share in their success or challenge. Their primacy.

By continuing to get better at what they do, by knocking away the guardrails. Limiting their winnings, aggressively engineering changes in the political landscape and by dint of the often-unanticipated consequences of their innovations, they created a nation of moats that protected them from accountability and from the damage their triumphs cause in the larger community.

Translation: The elites are above the law. They have no guardrails. They have the money to hire the best elite attorneys, often classmates from the same elite schools, to battle lower paid government attorneys from less prestigious law schools. They have the power to do what they want without being held responsible for what they do or accountable of how many peoples lives they damage. Their privileged education an success have turned them into despots.

Yep. And that about sums it all up: Globalism. The elites really don’t care how they destroy America.

And the democrats (who are part of the 1percent elites) always blame the republicans for getting richer.

When they are even bigger despots than the GOP.

Still, when it comes to this ‘crisis’ and the actions of all our politicians, I’d say they are all about even.

July 16, 2020 - Posted by Joyanna Adams | American History, economy | Economy, Robert Kiyosaki