"Billionaire money is now gushing into the 2024 election. Just 50 families have already injected more than $600 million into the 2024 election cycle, according to a new report from Americans for Tax Fairness. Most of it is going to the Trump Republican Party."
Did you know that "eat the #rich" was first a #philosophy concept?
Limitarianism is fundamentally the study of when it might be #ethical to put limitations on citizens in a governed society. It's a case-based theory, not a political system.
It asks questions like: is #wealth ever individual? What is the wealth limit?
& questions it isn't positing, like: If no one is ultra-rich, should no one be #poor? Is limitarianism virtue #ethics or justifiable without perfectionist views?
‘Everybody has not won’: trickle-down economics was an idiotic idea. How do we fix the inequality it causes?
"Forty years of the neoliberal experiment have created a world of vast and increasing inequality rationalised by the false promises of a global free market. But this can change, and it should change."
"What are we to make of the fact that Trump can be re-elected, that the Supreme Court is full of reactionary fanatics, and Congress isn't acting on the will of the American people? For starters, we have a political system that acts like a dam, blocking the 'main stream' of where this country is today. …
Our political system has been rigged by corporate lobbyists, lawmakers, and judges to hold public office hostage to big money—intentionally excluding the working-class majority from its rightful place at America’s policy table."
In the 1880s, the mark of consumption among elites was replacing gaslights for electric ones. Today it is the replacement of electric ones for useless decorative gas lights that constantly burn. We see these in many wealthy neighborhoods in Chicago.
I really don't know about the mechanics of this system. Nor do I know anything about the people. Just always find such fixtures strange.
Did you know that #Shinzo Abe's grandfather was known as a #monster?
This is a 19-point #thread on the tumultuous years during & after #WW2 from Japan's POV, on the #problem of #US peace-keeping efforts & on Japan's ongoing nepotism issues.
5/ During the 4 yr operation, Kishi infamously said that he "came so much, it was hard to clean it all up", referencing his extreme womanising & lavish spending. His #wealth came from investing governing funds into the #Opium#trade.
European nations grapple with a wave of public spending needs (energy transition, industry reinvestment, social programs etc.) in a sluggish economy. To get by, they face a stark choice: cut spending (as many are) – or increase #tax revenue by targeting the wealthy, who currently pay relatively little.
This EDJNET investigation explores the #wealth disparity across #Europe and the potential benefits of systematically taxing the super-rich.
You, dear reader, should peruse it, but even if you don't, understand this: When somebody's #wealth reaches a certain point it just keeps growing, on its own, like a giant, malignant tumor. The superrich have all their time free to further reshape society for their own benefit; they need do nothing for their mountainous quantities of passive riches - the most useless & harmful substance in the world - to multiply.
@jwcph "You, dear reader, should peruse it, but even if you don't, understand this: When somebody's #wealth reaches a certain point it just keeps growing, on its own, like a giant, malignant tumor. "
This is why we have to eat the rich, in order to protect them from their malignant tumor.
This excellent and very well informed discussion between @thecommongreen and @RichardJMurphy on taxing #wealth is very well worth an hour of your time.
The Common Weal Policy Podcast: Episode #205 - Taxing Wealth
Trump stands to gain billions… from the merger between TrumpMedia & Tech & the blank-check co [#SPAC] #DWAC, which took the parent company of #TruthSocial public.
In total, the doc showed that the trust transferred $4.8m to #Postolnikov’s acct….
The reason for the #ESFamilyTrust’s creation remains unknown. Aside from the #money that went to #TrumpMedia, the trust’s statements show the trust has directly invested money w/only two other companies: $10.8m to Eleven Ventures LLC, a #VC firm, & $1m to Wedbush Securities, a #wealth management firm.
"For the second year running, luxury goods magnate Bernard Arnault is the richest person in the world, ranking number one on Forbes’ World’s Billionaires list.