Yuppie Scum also thought their superior intelligence was blinding the surrounding masses as they completely neglected history in favor of business degrees. Which, stripped of several years of putting lipstick on a pig and calling him pretty, consists of how to screw customers and employees to get a maximum stock price and quarterly bonus ( and, obviously, ensuring maximum Board Member profit ). Too bad, because the most elementary perusal of the past would yellow marker the dangers of central governments and empires to its own citizens after its fortunes fail. If you are wondering why the 80’s saw a gentle and permissive governance even during economic stagnation, even after the race riots and near overthrow in the 60’s and the widespread Alphabet Soup agency power growth in the 70’s, and then in the midst of plenty due to the oil glut from Russia the government turned on its citizens in the 90’s, the only explanation I can offer up is that even back then the Rand Corporation hand writing was on the wall for the elite with Peak Oil and the masses had to be reprogrammed to fear the Feds. The wealth extraction pump, soon to run dry globally ( Chinese military aggression was the cover story for Chinese economic ascendance ), had to soon be turned on the locals without fear of revolt or even too many harsh words.
The wealthy and powerful do NOT go gently into the good night. They turn on their fellow camper, both trying to outrun a hungry and aggravated grizzly, and shoot him in the leg to escape ( beware a fellow hiker in bear country carrying only a man stopping round ). The real estate bubble, huge compared to the Tech Bubble as far as elite wealth extraction, is tiny compared to the coming Derivatives Bubble ( or, possibly, the Petro-Dollar Bubble. Whichever comes first ), and will completely wipe out every last scrap of paper wealth available. Think Detroit, without anyone outside the city limits sending care packages in. What you need to do is look at any aspect of your life that is vulnerable. Even a hundred bucks in a checking account is subject to being frozen for a Bank Bail-In. Does your state prohibit rain catchment? I would beware massive taxes on water bills real soon. Remember how you used to pay 3% of your wages on property tax and now pay 30%? Don’t think that can’t happen with a local water monopoly and a desperate municipality. Same with electricity. You can still buy solar panels, but how about an ordinance prohibiting roof installation by an unlicensed, more importantly UNTAXED contractor? I don’t know how they will justify taxing solar watts, but they will figure out a way- possibly by justifying subsidized minority/Senior utilities. They can jack up license plates and registrations. Those can go as high as they desire, along with beer and cigarette taxes. $20 a pack for brand name smokes? It’s for the children. State EPA type taxes on ethanol? To compensate for disturbing wetlands, to pay for roads the Feds won’t help with, or whatever. Never mind it is mandated to be 10% of gasoline. A nifty way to double gasoline prices and fill local coffers. If you are dependent on it, it will be taxed to the stratosphere.
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