- The downside was not immediately apparent
- It went underwater rapidly despite assurances it was un-sinkable
- Only a few wealthy people got out in time
- The structure appeared iron-clad
- Nobody really understood the risk
- The disaster happened overnight London time
- Nobody spent any time monitoring the risk
- People spent a lot trying to lift it out of the water
- People who actually made money were not in original deal
- Despite the disaster, people still went on other ships
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
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