The Vanderbilts and Rockerfellers and JP Morgans weren't the ones bankrupted by the Great Depression. Elon Musk will not be the protagonist of the next Steinbeck novel. The "collapse" will just be further economic consolidation, until the people being squeezed are willing to resist their own exploitation as a collective unit.
If the stock market loses 90% of its value tomorrow, all that changes is valuation. The physical capital remains in the hands of the plutocrats as does the command over the bulk of human labor. And the pain we feel will be the consequence of policies they impose, not any real shortfall of goods or dearth of professional services.
Which is why we need to invest in non-capitalist owned economies. The more we grow these economies the more resilient the average person can be. Things like the CFNE need to expand https://cooperativefund.org/. More businesses need to be in a circular local economy where people's needs can be met without the wealthiest getting profits.
Research by Round and her colleagues found that TWC ordered $99 million in wages ordered due across over 57,000 cases between 2010 and 2020, but 80 percent of those wages had yet to be recovered as of 2024. The TWC told the Dallas Morning News in 2023 that it could not verify Rutgers’ findings since it lacked access to the methodology.
“Collections is a difficult problem. It’s like collecting against any debt. If the money’s not there, the money’s not there,” Round said. TWC’s current enforcement and deterrent tools vary. Penalties of up to $1,000 can be imposed on bad-faith employers, the agency can order the employer’s bank to freeze funds and turn them over, or it can file a lawsuit against the employer. A lien is also attached to an employer’s property after a final determination of owed wages, which could force employers to pay back owed wages if they try to sell the property. There are currently more than 11,000 active liens totaling over $127 million, according to state data.
...
The number of investigators, however, is dwindling. As of earlier this year, there were just 611, the lowest point in decades nationwide, according to Rutgers University researchers. As of May 2025, there were only 68 federal investigators assigned in Texas—one for every 232,000 workers. A review of federal data shows that the total wages federal investigators ordered to be paid back in Texas is the lowest it’s been in 21 years at $7.5 million in the 2025 fiscal year, compared to tens of millions in prior years.
22 caliber rimfire rounds are by far the cheapest at around 6 cents per round, but they are pretty under powered and are really only good for target shooting and squirrels IMO. Your best pistocl caliber price is 9mm at 25 cents, and rifle caliber is 5.56/.223 Rem at about 50 cents each. That's for standard FMJ ball ammo, with prices rising for hollow points, frangibles, TUI, etc.
Any minute now that trickle down effect is gonna feel like a torrential down poor of cash. Yup. Any minute now.
It'll probably start right after these job creators finish creating jobs for some of those estimated 7+ million unemployed Americans that are actively looking for work.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.
So glad I went to college and grad school to get a job at a biotech, helping produce life saving drugs, just to barely live paycheck to paycheck with 5 digit credit card debt.
The amount of times I think about suicide is too high for my liking. Honestly why do people even have kids anymore. Fuck this place.
That's why I dropped out. Sophomore year, I was calling a bunch of places to get an internship, and the answer was always the same... "We only do unpaid internships, and you pretty much need a master's in your field to get in." I dropped shortly after that and saved myself from spending another 20 grand on a STEM degree that would get me less per hour than a pizza delivery driver.
It's wild. Entry level positions at my job now make twice as much as when I had those positions. Like why go for a promotion if doing less will let you take home almost as much
It just needs leaders that believe in the state more than billionaires. Jack Ma and China is a great example of how a state can reign in billionaires without violence.
what does this have to do with trump! They made money from increasing values in their assets which is mostly equity. Which means ur making money too if ur in the market - which u should be….and hence I’d be just like them.
Trump playing with tarrifs while him and all his buddies participate in insider trading has been the biggest, most blatant wealth steal in recent history that I am aware of. I tried playing the game with them and made a couple bucks, but I am not even playing with pennies compared to these assholes. They wrote the rules to make themselves win, and we will always be the losers.
58 Comments
_chris@lemmy.world · 68 pts · 301d
Billionaires shouldn’t exist.
PunnyName@lemmy.world · 33 pts · 301d
Blue shell the rich.
DeICEAmerica@lemmy.world · 7 pts · 301d
DaddleDew@lemmy.world · 65 pts · 301d
"have gained"
That's an interesting way to phrase "have stolen".
tornavish@lemmy.cafe · 55 pts · 301d
Kill them
JasonDJ@lemmy.zip · 44 pts · 301d
340,099,990 Poorest Americans have each given an average of $2000 to the 10 other people in the country so far this year.
harmbugler@piefed.social · 25 pts · 301d
Working as intended.
"It's the billionaires" is the answer to many of the world's worst problems.
b161@lemmy.blahaj.zone · 25 pts · 301d
Lot of rich cunts need to get Kirk’d.
DarkFuture@lemmy.world · 23 pts · 301d
Lol.
The collapse is inevitable.
Like, even a small child could sense it at this point.
UnderpantsWeevil@lemmy.world · 18 pts · 301d
The Vanderbilts and Rockerfellers and JP Morgans weren't the ones bankrupted by the Great Depression. Elon Musk will not be the protagonist of the next Steinbeck novel. The "collapse" will just be further economic consolidation, until the people being squeezed are willing to resist their own exploitation as a collective unit.
If the stock market loses 90% of its value tomorrow, all that changes is valuation. The physical capital remains in the hands of the plutocrats as does the command over the bulk of human labor. And the pain we feel will be the consequence of policies they impose, not any real shortfall of goods or dearth of professional services.
SupahRevs@lemmy.world · 8 pts · 300d
Which is why we need to invest in non-capitalist owned economies. The more we grow these economies the more resilient the average person can be. Things like the CFNE need to expand https://cooperativefund.org/. More businesses need to be in a circular local economy where people's needs can be met without the wealthiest getting profits.
sparky@lemmy.federate.cc · 5 pts · 300d
Your second paragraph explains exactly why they’re all so horny for AI.
Corridor8031@lemmy.ml · 21 pts · 301d
taiyang@lemmy.world · 21 pts · 301d
If it makes you feel better, I've noticed a lot, lot more private security in the uber-rich neighborhood I have to pass to get to work.
They're scared.
Almacca@aussie.zone · 26 pts · 301d
Not scared enough.
100_kg_90_de_belin@feddit.it · 20 pts · 301d
10 Richest Americans Have
GainedStolen $700 Billion in Wealth Since Trump ReelectionUnderpantsWeevil@lemmy.world · 6 pts · 301d
Texas Can’t Keep Up with Surge in Workers’ Wage Theft Complaints
...
OhStopYellingAtMe@lemmy.world · 16 pts · 301d
The poor & dimwitted rubes who voted for trump see this as a good thing. They claim to be Christian but really they worship money.
Tollana1234567@lemmy.today · 2 pts · 301d
thats why POCs conservative thirst over rich old white people. they see being white and or rich as the epitome of success.
DeICEAmerica@lemmy.world · 16 pts · 301d
zd9@lemmy.world · 5 pts · 301d
I'm hungry for some baguettes and French onion soup
SeductiveTortoise@piefed.social · 15 pts · 301d
You mean the pigs have gotten fatter? They will make some good bacon.
orioler25@lemmy.world · 13 pts · 301d
Bullets are cheap y'all.
E_coli42@lemmy.world · 5 pts · 301d
You go far enough left and you eventually get your guns back
orioler25@lemmy.world · 1 pts · 300d
Who doesn't use guns, exactly?
GaryGhost@lemmy.world · 2 pts · 301d
Which ones, I'm genuinely asking
moncharleskey@lemmy.zip · 3 pts · 301d
22 caliber rimfire rounds are by far the cheapest at around 6 cents per round, but they are pretty under powered and are really only good for target shooting and squirrels IMO. Your best pistocl caliber price is 9mm at 25 cents, and rifle caliber is 5.56/.223 Rem at about 50 cents each. That's for standard FMJ ball ammo, with prices rising for hollow points, frangibles, TUI, etc.
GaryGhost@lemmy.world · 3 pts · 301d
Yeah but a 22 would bpunce off an ice agents forehead, they have thicker skulls
UnderpantsWeevil@lemmy.world · 3 pts · 301d
Aim for the neck.
MBech@feddit.dk · 2 pts · 301d
But maybe having 10 people shoot the fuckers repeatedly with 22's would feel better?
cyberpunk007@lemmy.ca · 2 pts · 301d
22 cal
TankovayaDiviziya@lemmy.world · 10 pts · 300d
Because they have been doing insider trading.
GreenShimada@lemmy.world · 9 pts · 301d
Oooooh, I hear it makes their flesh and liver taste super delicious.
Almacca@aussie.zone · 8 pts · 301d
I'd rather just use them as fertiliser.
psycho_driver@lemmy.world · 9 pts · 301d
Hmm that would be 7 years of snap benefits.
AngryCommieKender@lemmy.world · 4 pts · 301d
\70. The figures I have heard on NPR say that SNAP costs 100 million per year
jj4211@lemmy.world · 3 pts · 301d
It's 100 billion, if you actually heard million, someone misspoke. Don't listen when Dr. Evil talks about amounts of money.
psycho_driver@lemmy.world · 2 pts · 301d
Your figures are wonky. There are ~42 million people on SNAP.
Almacca@aussie.zone · 9 pts · 301d
The robber barons are back! Or rather, they never left.
xc2215x@lemmy.world · 8 pts · 301d
Not shocking. Trump loves the wealthy.
EndOfLine@lemmy.world · 8 pts · 301d
Any minute now that trickle down effect is gonna feel like a torrential down poor of cash. Yup. Any minute now.
It'll probably start right after these job creators finish creating jobs for some of those estimated 7+ million unemployed Americans that are actively looking for work.
Tollana1234567@lemmy.today · 1 pts · 301d
job creating in south east asia, india, and south america, eastern europe. where the salary is lower.
nonentity@sh.itjust.works · 7 pts · 301d
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.
decended_being@midwest.social · 7 pts · 301d
That's $2,000 per US citizen (approximately 350m People in the US)
OldChicoAle@lemmy.world · 6 pts · 301d
So glad I went to college and grad school to get a job at a biotech, helping produce life saving drugs, just to barely live paycheck to paycheck with 5 digit credit card debt.
The amount of times I think about suicide is too high for my liking. Honestly why do people even have kids anymore. Fuck this place.
Bytemeister@lemmy.world · 4 pts · 301d
That's why I dropped out. Sophomore year, I was calling a bunch of places to get an internship, and the answer was always the same... "We only do unpaid internships, and you pretty much need a master's in your field to get in." I dropped shortly after that and saved myself from spending another 20 grand on a STEM degree that would get me less per hour than a pizza delivery driver.
OldChicoAle@lemmy.world · 2 pts · 300d
It's wild. Entry level positions at my job now make twice as much as when I had those positions. Like why go for a promotion if doing less will let you take home almost as much
Yerbouti@sh.itjust.works · 7 pts · 301d
1789
DERRALEXANO@sh.itjust.works · 6 pts · 300d
brother of Mario
itisileclerk@lemmy.world · 5 pts · 300d
History is full of former evil empires. USA is number one on that list. It is The most evil society ever build and the world would be bettet without.
HeyThisIsntTheYMCA@lemmy.world · 6 pts · 300d
there are some pretty tight competitors for that spot if we try not to have a recency bias
J92@lemmy.world · 5 pts · 300d
Hmmm. And the poor have gotten poorer?
Almost sounds like theft.
Proprietary_Blend@lemmy.world · 5 pts · 301d
Someone should slam them. Perhaps officials or maybe experts. That'll show em
raptir@mander.xyz · 4 pts · 300d
TheReturnOfPEB@reddthat.com · 4 pts · 301d
It doesn't have to be violent.
It just needs leaders that believe in the state more than billionaires. Jack Ma and China is a great example of how a state can reign in billionaires without violence.
T00l_shed@lemmy.world · 1 pts · 300d
It doesn't address the issue of billionaires.
elbiter@lemmy.world · 4 pts · 301d
Hey, nothing to see here, keep bitchin' at the people on food coupons...
venusaur@lemmy.world · 2 pts · 301d
Wait for the dump
DeICEAmerica@lemmy.world · 2 pts · 301d
OldChicoAle@lemmy.world · 1 pts · 301d
HurlingDurling@lemmy.world · 1 pts · 300d
Elon musk isn't American
frankiehollywood@lemmy.zip · -6 pts · 301d
what does this have to do with trump! They made money from increasing values in their assets which is mostly equity. Which means ur making money too if ur in the market - which u should be….and hence I’d be just like them.
innermachine@lemmy.world · 6 pts · 301d
Trump playing with tarrifs while him and all his buddies participate in insider trading has been the biggest, most blatant wealth steal in recent history that I am aware of. I tried playing the game with them and made a couple bucks, but I am not even playing with pennies compared to these assholes. They wrote the rules to make themselves win, and we will always be the losers.