Tag Archives: Mega Rich RWA

Tracking the Growth of American Authoritarianism

Imagine a third bar for just the Koch Brothers
Imagine a third bar for just the Koch Brothers
After WW II, we had a powerful middle class, then Reaganomics started their demise.

 

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

Posted in Corporate Governance   |   Tagged   |   1 Comment   |   Email This Post Email This Post

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

Posted in Corporate Governance, Human Rights Abuse, Rampant Cronyism/Corruption   |   Tagged   |   1 Comment   |   Email This Post Email This Post

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

Posted in Authoritarianism, Corporate Governance   |   Tagged   |   4 Comments   |   Email This Post Email This Post

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

Posted in Corporate Governance   |   Tagged   |   5 Comments   |   Email This Post Email This Post

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

Posted in Common Wealth   |   Tagged ,   |   3 Comments   |   Email This Post Email This Post

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

Posted in Common Wealth   |   Tagged   |   Comments Off   |   Email This Post Email This Post

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

Posted in Common Wealth   |   Tagged   |   1 Comment   |   Email This Post Email This Post

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

Posted in Nurturant State, Personal   |   Tagged ,   |   4 Comments   |   Email This Post Email This Post

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

Posted in Church/State Separation, Rampant Cronyism/Corruption   |   Tagged   |   1 Comment   |   Email This Post Email This Post

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

Posted in Church/State Separation   |   Tagged ,   |   1 Comment   |   Email This Post Email This Post