What happened to the link between wages and productivity? The rich received tax cuts under President Ronald Reagan. They used that money to corrupt government even more than it was, and to purchase legislation that redistributes income from the 99 to the 1 percent, such as privatization scams, free trade treaties, and more tax cuts, and they took the money from these things and purchased more of the same, including establishing a corporate, anit-US Constitution wing of the US Supreme Court. And that’s how wages and productivity were disconnected. The 1 percent rigged the political and economic game in their favor.
Posted in corruption, Economics, the Rigged Game, Uncategorized | Tagged income inequality, income redistribution, legislation, prductivity, wages | Leave a Comment »
And in the Citizens United decision, the corporate wing of the US Supreme Court ruled that corporations are people. In other words, the government can put no legal limits on the amount of money that rich people can funnel to politicians through their corporations.
Posted in Uncategorized | Tagged Al Gore, campaign finances, corporate, corruption, lobbies, supreme court | Leave a Comment »
US Senator Elizabeth Warren is right on the money with the above quote. The conspicuous corporate wing of the US Supreme Court includes Chief Justice Roberts, as well as Justices Scalia, Alito, Thomas and Kennedy.
Scalia and Thomas are intertwined with the Koch Brothers, and Justice Robert pledged to uphold legal precedence during his congressional nomination testimony, and then immediately destroyed 100 years of campaign finance legal precedence with the Citizen United decision, which was supported by the Koch Brothers.
The danger to the USA, to 99.5 percent of its citizens, and to the US Constitution has never more apparent.
Posted in Uncategorized | Tagged Antonin Scalia, Chief Justice John Roberts, Clarence Thomas, Elizabeth Warren, Samuel Anthony Alito, US Supreme Court | Leave a Comment »
It boils down to one fact; when you purchase soda, and consume it, you are redistributing your health to the 1 percent via higher corporate profits, dividends and share prices.
Posted in the Rigged Game, Uncategorized | Tagged Coca-Cola Bottling Co. Consolidated, control, Genetically modified organism, Health, Pepsi-Cola | Leave a Comment »
In reality, corporate control of the governments on the local, state and federal levels is really nothing more than control of governments by a parasitic class that continues to use the 99 percent as their hosts as they redistribute our income and wealth to themselves via legislation and control over such politicians as Wall Street Senators Ron Wyden, Mitch McConnell, Orrin Hatch, US Congressmen Earl Blumenauer and John Boehner, presidents Obama, Bush and Clinton, and future candidates, such as Mitt “the Twit” Romney and Hilliary Clinton. That’s precisely why the corporate wing of the corrupt US Supreme Court ruled that corporations are people, and they have a constitutional right to purchase as many politicians as they can.
Of course, along the way they’re destroying the United States, the Middle Class, and the US Constitution, but why would the corrupt corporate wing of the US Supreme Court care about that?
Posted in Economics, income redistribution, Market manipulation, Politics, taxes, the Rigged Game, Uncategorized, wealth redistribution | Tagged Barack Obama, Bill Clinton, control, corporate, corruption, earl blumenauer, financing, George W Bush, government, Hilliary Clinton, John Boehner, Mitch McConnell, Orrin Hatch, political campaigns, Ron Wyden, US Supreme Court | Leave a Comment »
People below demonstrate against US multinational investment banking firm Goldman Sachs buying into the National Danish electricity supplier DONG in front of the Danish Parliament on January 29, 2014. (AFP Photo / Jeppe Bjoern Vejloe)
“Today, banks like Morgan Stanley, JPMorgan Chase and Goldman Sachs own oil tankers, run airports and control huge quantities of coal, natural gas, heating oil, electric power and precious metals. They likewise can now be found exerting direct control over the supply of a whole galaxy of raw materials crucial to world industry and to society in general, including everything from food products to metals like zinc, copper, tin, nickel and, most infamously thanks to a recent high-profile scandal, aluminum. And they’re doing it not just here but abroad as well: In Denmark, thousands took to the streets in protest in recent weeks, vampire-squid banners in hand, when news came out that Goldman Sachs was about to buy a 19 percent stake in Dong Energy, a national electric provider. The furor inspired mass resignations of ministers from the government’s ruling coalition, as the Danish public wondered how an American investment bank could possibly hold so much influence over the state energy grid.”
Here’s how corrupt the process is; Goldman Sachs may not have been the highest bidder for the electricity company. How can that be?
And here’s something to ponder; then President Bill Clinton signed this legislation to redistribute income from the 99 to the 1 percent. If Hilliary Clinton becomes president, expect her to do more of the same. Of course, President Mitt Romney would be at least as bad.
Click the link below to see how investment banks were enabled to become owners and manipulators of industry.
The Vampire Squid Strikes Again–Rolling Stone Magazine
Danish Prime Minister Helle Thorning-Schmidt addresses the media after the Socialist People’s Party quit the government over the controversial sale of a stake in state-controlled energy group DONG to Goldman Sachs. (AFP Photo / Keld Navntoft)
Posted in corruption, Economics, Economics, recession, goldman sachs, income redistribution, Market manipulation, Mitt Romney, Politics, the Rigged Game, trade, Uncategorized, wealth redistribution | Tagged Banks, Bill Clinton, Denmark, Goldman Sachs, Hilliary Clinton, JP morgan, mitt romney, morgan stanley, vampire | 2 Comments »