Quoting my previous Going Galt Cloward Piven Style (GGCPS) analysis, "Making anything over $43,000 per year and you are a sucker."
If you look at the above bar graph, it totals 150.9 million income earners. The current labor force participation rate via BLS is around 63% for those 16 years and older. That means that roughly 239 million people are non-institutional civilians aged 16 years and older in the USA, which roughly matches the BLS figure at around 247 million. So we'll assume the above graph is accurate, and continue pondering its implications with a GGCPS mindset.
Again, GGCPS assumes a family of four. A total of 108 million people make an income less than or equal to our "sucker threshold" of $43,000 per year. This is 72% of current income earners, and 45% of the total population above 16 years of age who are non-institutionalized - in other words, they can work. Ponder that for a moment. Whether by choice or not, almost 3/4 of the working population have already Gone Galt. If they are taking advantage of government entitlements and benefits, they are Going Galt Cloward Piven-Style.
Another graph on Mybudget360.com shows a median household income of $49,445 in 2010. So, this data point results in 50% of households earning roughly less than our "sucker" threshold, and likely includes many dual income households. Remember, earning $49,000 in income still results in a net income of around $43,000 after taxes.
The "sucker range" in the above graph I would consider from $45,000 to $400,000 per year. This range accounts for 42.7 million wage earners, or 28% of current income earners, and 18% of the total non-institutionalized population. Without these people working hard, this unjust system would collapse. Every man or woman in this range who decides to no longer be played for a sucker, to no longer pull the cart everyone else is riding, does tremendous damage to the system.
The "elite" make incomes above $400,000 per year, a total of 0.47 million people, who are 0.3% of income earners and 0.2% of the total non-institutionalized population. These are the 1% that the Occupy Wall Street types rightly complain about and treat as villains. However, these are income earners, not the uber-elite wealthy who do not earn a wage. Regardless, the people in this range are the rich who get richer, who are juiced into the system, who are the first to realize the benefits of printing money at the FED. In other words, these people will never be you, and you will never be them.
The "elite" benefit from the system even more than the great unwashed below the "sucker threshold." They depend on the people in the "sucker range" to prop up the unjust and failing system with their blood, sweat and tears. They are the ones that want you contributing to your 401(k), paying your taxes, taking on debts, paying your mortgage, etc. They are the ones that desperately want you to maintain your faith and belief in the system - a system where you always lose, and they always win.
The suckers are slaves. Is it worth the crumbs from the table of the elite? Is it worth the long hours working, the health effects of a higher stress job, missing out on watching your children grow up, never feeling like you're getting ahead?
So, again, stop being a sucker and a slave.
Step 1: Get out of the system as much as you can.
Step 2: Downsize and pay off your house.
Step 3: Quit your job and work a low wage, low stress job.
Step 4: Apply for as many government benefits as you can.
Step 5: Buy silver, gold and tangibles with your savings.
Step 6: Await the collapse and enjoy life.
Step 7: Post collapse, be a part of the solution.
Let's hope that 2014 is the year this unjust system collapses. If not, use the time we're given to prepare. The longer the delay, the more dangerous and chaotic the collapse will be. That's why Going Galt Cloward Piven Style is the moral choice. Do not give your consent to this system through your participation.
I like several parts of your 7 Step Program, but for those of us grossing more than $43,000, it is difficult walking away from jobs and careers even though I know the point you are driving home. I am interested in Jim Sinclair's GOTS program, and I do agree about having NO DEBT. A borrower is ALWAYS slave to the lender.
ReplyDeleteAs a slight caveat to the program listed above, I think everyone can benefit from having a stash of currency to keep for short term access problems or emergencies (1-2 months of cash secure at home and NOT in a bank). After all, the people of Cyprus did not experience super inflation while the banks closed; they just could not move or access cash while their accounts were taking a haircut.