The Coming Euthanasia of the Overclass

Decades of debt financing have created a spoiled overclass in America [Gilder's Daily Prophecy] July 08, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( [SCIENTISTS SPECCHLESS] Patent No. 11,219,620 B2: The End Of Arthritis? This tiny stock’s new patent could give new hope to millions… and make early investors rich. [Click here to learn more]( And it all kicks off with an announcement that I expect any day now… when this $87 million company will announce what could be the potential end of arthritis. [>> Click Here Now.]( The Coming Euthanasia of the Overclass [Jeffrey Tucker]Dear Daily Prophecy Reader, Is Elon Musk buying Twitter or not? Lots of fancy people really care about this, even if it hardly matters to most people in the real world. My guess is that the answer is no. What seems to have happened is that Elon looked under the hood of this vaunted ruling-class time waster and found vast waste, low profitability, wildly inflated numbers concerning usage, and a vicious staff that hates his guts and hates the guts of most regular American people. Why would he bother? Twitter seems to want to hold him to his offer but that won’t work because his offer was based on the presumption that the company was telling the truth in its corporate filings. He seems to believe that these filings were full of lies. Therefore, he wants out. It’s all strange timing for the company suddenly to announce massive cuts in its payroll, starting with the team dedicated to job recruitment. That would appear to mean the H.R. staff, which is undoubtedly huge, but a net drain on any company seeking profitability. Maybe this move was made in response to Musk — let’s clean house before the new owner takes over — or maybe it was made necessary by poor financials. In either case, Musk might have come to believe that the entire company is a dog he doesn’t want to adopt. Meanwhile, Twitter seems to have settled a lawsuit with Alex Berenson, an early Covid-policy critic who was later banned for posting…facts. The terms of the settlement are secret but they did result in his reinstatement. The same day, however, Twitter went on an aggressive purge of other accounts that dared to post basic facts. It feels like war at the company. Again, why would Musk even bother? There are plenty of other projects out there that merit his attention that could actually make money. Plus, he will be spared the ultimate annoyance of dealing with thousands of entitled and overpaid staffers who have drunk deeply from the woke ideological wells of poststructuralist Ivy League theorizing. He might dream of firing 90 percent of them — I dream the same — but what does that achieve? Just the Beginning We are seeing the unfolding of a very strange inflationary recession that combines low unemployment, declining purchasing power, falling demand for goods and services, low investor confidence, plus a growing financial squeeze that is raising serious questions about whether the basic economic model of high-profile companies like Twitter is sustainable. George Gilder has foreseen the end of Google, one company the name of which he deploys for a slew of high fliers that dominate Big Tech today. Precisely how they would bite the dust has always been a question. It would be the height of irony to see them all die the death from the very forces that gave them such high profitability in 2020 and 2021: the pandemic response that conscripted their user base from the real world into the laptop life. With the managerial class trying to get everyone back at the office, the overclass of lazy and overpaid staffers are resisting with all the ferocity one would expect from such an entitled proletariat. They simply won’t come back. They prefer the pajama life. It’s more comfortable. It’s also safer because by not showing up to the office, one is more likely to avoid lawsuits and HR filings that lead to termination. Right now office occupancy in major cities is at a mere 45% of what it was before the pandemic response. To be sure, many of these people have tried coming back. They fight the traffic. They ride the dangerous subways. They pay a high price for gas. Then they pay to park. Then eat bad food for lunch. And what do they do at the office? The same exact thing they would otherwise be doing at home. They Slack back and forth to other employees. Doesn’t matter if the interlocutor is 5 feet away or 500 miles away. It’s all the same anyway. The main reason for coming back to the office is to socialize with fellow employees. But that’s not actually doing work, is it? So that’s a problem. The great myth that having everyone hang out together in fishbowl rooms is going to lead to some kind of synergistic brainstorming has been exposed as another lie promoted by bogus management books one picks up in the airport. Therefore, employees are coming up with any excuse to stay away. The best one — “I’ve been exposed to Covid so I’m in quarantine” — is getting stale. The high price of gasoline might be next on the list. Regardless, getting people back to the office seems ill-fated, which raises serious questions about what happens to these skyscrapers designed for a pre-2020 world? President Trump’s Secret In his final year of office, President Donald Trump did something that could transform America. And create trillions of dollars in new wealth for everyday Americans. [You won’t hear this anywhere else – get the full, uncensored story here.]( The Purge We talk these days a lot about the labor shortage and the low unemployment rate. Can we get a bit of honesty here? The shortages are for jobs that many people don’t want. They are in the service industries, hospitality, the physical world, the work that actually requires work and real skills. When you are waving a fancy degree and believe that six figures are your birthright, you won’t take these jobs. That’s why there’s a shortage. In other words, we need people to fix cars, deliver goods from ports to stores, flip the rooms in hotels and put up drywall in new houses. Those require skills and actually moving one’s body, which is anathema to the under-40 demographic that studied anthropology and the history of oppression of everyone during the four-year, debt-financed vacation we call college. Where there is a surplus is in the puffed-up sector of bullshit jobs that require about 20 total minutes of engaged time per day. Those are the jobs that everyone wants, but how sustainable are they really during an inflationary recession? Elon seems to get this. His companies do real things, not fake things. He probably intuits that most of these companies could get by with 90% fewer employees. My prediction: there will be a purge of the overclass as these companies are forced either to become profitable or go bankrupt. And this will lead to a massive crisis and demoralization of an entire generation that has been taught that anyone with the right credentials can get rich forever without doing a lick of work. Decades of debt financing have created a spoiled overclass in America that has been taught to hate capitalism and also believe they can forever earn a high-income stream off the fruits of capitalism. There will be a rude awakening and it could come sooner rather than later. They wanted a great reset and they are going to get it good and hard. Regards, [Jeffrey Tucker] Jeffrey Tucker P.S. Patent No. 11,219,620 B2 could put an end to one of the biggest, most common diseases in America… one which impacts 24% of all adults in the country. In other words, this could change your health… and your finances… forever. [Click here for the details](. Covid Was Trial Run to Control Americans – This Is Next If Biden’s Executive Order 14067 comes to pass, a former advisor to the CIA and Pentagon is predicting legal government surveillance of all US citizens; total control over your bank accounts and purchases; and indefinite Democrat control past 2024. He says Covid was a trial run for how to control a population. Dems will use their “pandemic playbook” to silence any dissent. [Click here to see exactly what to do before it happens](. 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