Tag Archives: Mega Rich RWA

Tracking the Growth of American Authoritarianism

“Can There Really Be Fascist People In A Democracy?”
Fascism in America

Since the 1971 Powell Memo, America has moved closer and closer to Fascism.

 

Neoliberal, Free Market Fundamentalist, Ideology of The 1971 Powell Memo Reflected in Koch Brother’s 1980 Manifesto

Decades later, Lewis Powell codified Vice President Wallace’s “method” in The Powell Memo of 1971. The result was a proliferation of conservative think tanks like the Cato institute, thousands of talking heads all over commercial media, Fox News, hate radio, … Continue reading

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Why Do The ONE% Keep Getting Richer?

An updated report on growing income inequality between America’s profit makers and profit takers shows the growth of income for the profit takers – the top ONE%, who are making at least $394,000/year for 2012. The table below shows how … Continue reading

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Minimum Wage, Wage Theft and The Free Market at Work – Is it Fixable?

The post 80’s ideas of keeping the minimum wage suppressed and not rewarding workers, profit creators, for their productivity increases of the last three decades must stop. The decisions of the supply side free market and most of its leaders, … Continue reading

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Dirk Van Dongen – Strengthening The Military-Corporate Complex and Enriching the ONE%

In an address to the nation on January 17, 1961, in the middle of nurturing the greatest middle class this world has ever seen, President Dwight D. Eisenhower warned, “In the councils of government, we must guard against the acquisition … Continue reading

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The Dakota Indians Lost to the ONE% in the 1860s – Can Today’s 99% Check and Balance Today’s ONE%?

A recent episode of This American Life was about the Dakota War of 1862. This war resulted in the final expulsion of the Dakota Indians from their ancestral home in Minnesota. It took years of lies, trickery, swindles, war, and … Continue reading

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How Wealthy are the Forbes 400 – Let’s Try Some “Arithmetic” …

Robert Reich made the following statement last June, ” … the richest 400 Americans {own} as much as the bottom 150 million put together.” Let me try to put this in perspective with a little “arithmetic.” Imagine 400 small towns … Continue reading

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2012 Election – – Are We Going to Return to a National Legalized Gozzle-up Ponzi Scheme?

(The following is a reposting of an entry from August of 2010 with minor updates.) 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 … Continue reading

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Authoritarian Plan for a Koch Brothers’ America – Update to The Powell Plan

Just over a year ago, I wrote a post about The Powell Memo. This memo has been referred to by others like Henry Giroux and Richard Wolff. This memo, by Lewis F. Powell and dated August 23, 1971, was a … Continue reading

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The Four Fundamentalisms of America’s Authoritarian State – Threats to Our Democracy

The excerpts below are from a recent article by Henry Giroux, author of Zombie Politics and Culture in the Age of Casino Capitalism, who discusses the major fundamentalisms of our growing authoritarian state. But first, my two cents: There is … Continue reading

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We Need More Citizenship Dues, a Reversal of Citizens United, and Democracy in the Workplace

Real wage growth, related to worker productivity gains, have been diverted to corporations, their boards of directors, and the rest of the ONE%, via stock dividends, for over three decades. Just look at what happened:         Not … Continue reading

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Occupy America – We’re Not Taking It Anymore!

The top ONE% have had their way for three decades. They created the Great Recession and still got richer. They’ve received excessive tax breaks for 30 years and thus have not been repaying what they have taken from the rest … Continue reading

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Congressman Ryan’s Wealth Transfer (Budget) Plan

There are two parts to the Ryan budget plan: 1.) eliminate the costs of our safety net for those citizens not like Ryan and his fellow conservatives without conscience (CWC) and then 2.) take those savings in spending and transfer … Continue reading

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Wealth Transfer – America’s Growing Plutocracy

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

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

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?

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

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?

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

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?

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?

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

” … 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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Who Should Pay for the Mistakes of Our Leaders and Their Rich Friends?

If I made a major decision that I later came to regret because it is costing me much more than I can manage while still living my life of ‘luxury,’ what options do I have. Should I ask strangers to … Continue reading

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2006 Tax Cut Update – Evangelical Losses Even Larger

In a previous article based on a 1996 study by Pew Research, I stated, “In conclusion, the white evangelical Protestants get little return from the party they support. Money may not be what they are looking for, but mixing religion … Continue reading

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2006 Tax Cuts – What Did the Christianists Get for Their Support of the GOP?

On March 17, 2006, “The Decider” (President Bush II) signed a $70,000,000,000 (billion) tax cut passed by “The Follower” (Congress), which is trying to find another $23 billion for us – well some of us anyway. The table below, which … Continue reading

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