Tag Archives: Mega Rich RWA

Tracking the Growth of American Authoritarianism

Deficit and Debt are Shrinking, and Revenue is Increasing Deficit fear-mongering is seriously overblown.
Stop the fear-mongering - Academic justification was invalidated

 

Wealth Transfer – America’s Growing Plutocracy

Posted on April 1, 2011 by Andy Hailey

While reading through a 1967 college text on Today’s ISMs by William Ebenstein, I came across this statement on wealth distribution in America as of 1953: … the top 3 per cent [sic] owned 33 per cent [sic] of all … Continue reading →

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Let The Mega and Ultra Rich Have Their Gift of Greed – They Have a New Way to Create Jobs

Posted on December 10, 2010 by Andy Hailey

Let the mega and ultra rich take their capital-gains-based, inherited-without-struggle wealth and create high-paying jobs. Here’s how. Thanks to the Citizens United Supreme Court decision, the mega and ultra rich now have a new untapped investment vehicle – the government. … Continue reading →

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Hundreds of Millions of Consumers Create Jobs – Not Millions in Tax Breaks for the Mega and Ultra Rich

Posted on November 27, 2010 by Andy Hailey

Conservatives without conscience (CWC) are imagining that the mega and ultra rich will create jobs if they are certain they can keep their excessive tax breaks. The only thing certain about job creation is – it’s not happening. First of … Continue reading →

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The Koch Brothers, enabled by Citizens United, Want to Buy Our Government – Will You Vote to Stop This?

Posted on October 22, 2010 by Andy Hailey

As written about earlier, there is an immense divergence in income growth for most of us, the bottom 90 percent, and the income growth of the mega, top 1 percent, and ultra, top 0.1 percent, rich. This point is made … Continue reading →

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Tax Breaks For The Mega and Ultra Rich – Stopping Their Takeover of Our Democracy

Posted on September 13, 2010 by Andy Hailey

An article about Congress deciding its next pay raise, had this to say about the richest 235 of them: Senators had a median reportable net worth of $1.79 million in 2008, the last year such data were available, down from … Continue reading →

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2010 Midterms – Are We Going to Continue Our National Legalized Trickle-up Ponzi Scheme?

Posted on August 12, 2010 by Andy Hailey

This posting was inspired by an article at Rational Revolution. It takes another look at the disproportionate shift in income to the mega and ultra rich, the disproportionate tax breaks for the mega and ultra rich, and the creation of … Continue reading →

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The Poor, Poor, Mega Rich – They Are Just So Over Taxed

Posted on May 29, 2010 by Andy Hailey

The table below is mostly from an October 4, 2007 News Release from the conservative Tax Foundation. They point out that the richest 1% of the tax payers pay more in total taxes than the poorer 90 percent – those … Continue reading →

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Redistribution of America’s Income – More for The Mega Rich or the Common Wealth?

Posted on November 30, 2009 by Andy Hailey

In summary, America’s common wealth has been hit by a triple whammy: tax cuts for the rich far larger that can be considered fair, tax refunds to the rich via privateering, and by a shift of household income into the excessively reduced upper tax brackets. In addition, accountability for the nation’s common wealth has been transferred from our elected representatives and handed over to rich individuals mostly accountable to themselves and corporate CEOs who are only accountable to shareholders. The ultimate effect of all this transfer of wealth and accountability is that our government less able to protect and empower its citizens.

It’s time we all realize that privateering and tax cuts favoring the very wealthy are not what America needs. Just look at where they have gotten us – The Great Recession, a growing plutocracy, consumer debt at 100 percent of GDP, banks too big to fail, and ultimately the deaths of fellow citizens. Continue reading →

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Freedom Isn’t Free – What Are We Willing to Pay For It?

Posted on July 5, 2009 by Andy Hailey

Before deciding what freedom is worth to us in this time of financial catastrophe and preemptive war, let’s take a look at what freedom was worth to another generation of Americans. The table below shows the U.S. tax rates and … Continue reading →

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Common Wealth – Key to Our Democracy and Threatened by a Growing Aristocracy

Posted on February 19, 2009 by Andy Hailey

” … to clear the paths of laudable pursuit for all; to afford all an unfettered start, and a fair chance in the race of life. “ In my previous posting, I provided a list of critical factors that compare … Continue reading →

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