Feeds:
Posts
Comments

Posts Tagged ‘Class warfare’

A political coup has taken place and the US Constitution has been overthrown.

On February 26th, the Supreme Court is scheduled to hear oral arguments in Janus v. AFSCME, a case that could profoundly affect the ability of public-sector workers to improve their wages and working conditions. This case will make the United States a right-to-work-for-less nation, and it is expected that the corrupt corporate wing of the United States Supreme Court will vote yes, despite the fact that the lower courts have consistently rejected arguments in favor of Janus.

The corporate/rich man’s wing of the court has been waging class warfare against the 99 percent for thirty-five years in violation of the US Constitution and legal precedence. So it is considered a foregone conclusion the corporate wing of the court will vote yes in the Janus case.

The corrupt activist members of the United States Supreme Court who blithely favor conservative money, wealth and power over all else are about to subvert the United States Constitution once again. Those justices corrupted by powerful vested interests are John Roberts, Clarence Thomas, Samuel Alito, Neil Gorsuch, and Anthony M. Kennedy. All claim to be “original intent jurists.” In other words, when they rule on a legal issue, they claim they follow the original intent of the founding fathers. Nothing could be further from the truth.

All five have shown that their job is to rob the 99 percent of their Constitutional rights and to give more legal rights to the rich, which they have done time and again. This legal corruption makes it easier for the rich to steal from the rest of us.

The rich derive most of their political, economic and legal power from their ownership of limited liability corporations. Quite naturally, all five so-called original intent justices argue that publicly traded corporations are persons with all of the legal rights of human citizens. These justices are not ignorant little boys.

They know publicly traded corporations did not come out of a woman’s womb. They know corporations are simply an idea of a form of business structure given life by state legislation. They know the United States Constitution does not even mention the word corporation. They know that not a single one of the founding fathers ever mention “persons” and “corporations” together in any sentence, paragraph, or chapter of any of their voluminous writings. The idea that corporations are people subverts the original intent of the US Constitution, which gives only individual’s legal rights. Ideas of business models were never given any constitutional rights by anybody until corrupt supreme court justices decided it was so.

Since the rich control the mechanisms of corporations, the court’s decision in this regard is to hand greater constitutional rights to a legislatively created tool of the rich, giving the 1 percent greater power than the founding fathers wanted or been able to imagine. Then the corrupt wing of the court issued another class war decision.

The activist Supreme Court declared in its 2010 Citizen’s United ruling that corporations spending money on political advertisements is free speech, but nowhere in the United States Constitution is such power granted or even recognized. And nowhere in any founding fathers writings is such a power to be found. Now corporate advertisements are drowning out the free speech of all others, especially during election season.

In addition, this ruling eliminated one hundred years of campaign financing laws. Two corrupt US Supreme Court justices, Clarence Thomas and Antonin Scalia, “participated in political strategy sessions” to advance this case, perhaps while the case was pending, with corporate leaders whose political aims were advanced by the decision,” according to Common Cause.

U.S. Supreme Court Cheif Justice John Roberts gave sworn testimony in his confirmation hearings before the US Senate that he would respect legal precedents. He, obviously, lied under oath. Think about it. A known perjurer in now the Chief Justice of the US Supreme Court. His job is to overthrow the US Constitution on behalf of his class solidarity, just like the other corrupt corporate members of the US Supreme Court. He has been doing a marvelous job.

These corrupt activist justices have simply been making up shit in order to give the rich and their business tools called corporations greater Constitutional rights while diminishing the Constitutional rights of the 99 percent in the process.

The lies, the made-up make-believe that ideas are people and that money is free speech, the perjuries, and working with the rich on cases the justices are about to rule on demonstrate without a doubt that the sole purpose of the corrupted members of the court has been to wage class warfare on behalf of the rich by subverting the US Constitution. Doing so has allowed for a greater political rule and constitutional rights for the rich, and these activist class warriors have succeeded against the original intent of our founding fathers.

See the following link for more information https://www.politico.com/story/2011/01/scalia-thomas-and-citizens-united-047855

Advertisements

Read Full Post »

The Economic Policy Institute (EPI) reports that CEO compensation at major US corporations dropped a bit to 271  times the average annual pay of the average worker. EPI reports that, “While the 2016 CEO-to-worker compensation ratio of 271-to-1 is down from 299-to-1 in 2014 and 286-to-1 in 2015, it is still light years beyond the 20-to-1 ratio in 1965 and the 59-to-1 ratio in 1989.”

Much of CEO compensation is based on stock options. Boards of Directors offer CEOs stocks at certain prices. So, for example, if a CEO is offered stock at $5 a share, and the price rises to $25, the CEO can purchase a high number of shares at $5 and turnaround and sell them at $25 a share. So who signed the legislation that brought this about? Why, none other than Wall Street President Bill Clinton. See Bill Clinton Created Terrible Corporate Loop Hole–New Republic.

Naturally, stock options have led CEOs to outsource and export jobs at higher rates than they normally would, which in turn, has led to much of the income inequality we experience today. Depending on whose figures you use, the 1 percent now steal anywhere from 23 to 37 percent of all income produced in the USA, up from 8 percent in 1980. This inequality of income, and also of wealth, continues to grow. Thank you Bill!

According to the report, “Over the last several decades CEO pay has grown a lot faster than profits, than the pay of the top 0.1 percent of wage earners, and than the wages of college graduates. This means that CEOs are getting more because of their power to set pay, not because they are more productive or have special talent or have more education. If CEOs earned less or were taxed more, there would be no adverse impact on output or employment. Policy solutions that would limit and reduce incentives for CEOs to extract economic concessions without hurting the economy include:

  • Reinstate higher marginal income tax rates at the very top.
  • Remove the tax break for executive performance pay.
  • Set corporate tax rates higher for firms that have higher ratios of CEO-to-worker compensation.
  • Allow greater use of “say on pay,” which allows a firm’s shareholders to vote on top executives’ compensation.

Click here for the complete EPI report.

Read Full Post »

The U.S. Supreme Court on Monday turned away a Republican Party challenge to a federal campaign finance restriction that prevents political parties from raising unlimited amounts of cash to spend on supporting candidates.

The Republican Party of Louisiana had argued that a provision of the 2002 Bipartisan Campaign Reform Act violates free speech rights under the U.S. Constitution. But the justices let stand a lower court’s ruling that rejected the Republican challenge.

Apparently, the Court’s corrupt class warfare corporate wing (John Roberts, Anthony Kennedy, Neil Gorsuch, Clarence Thomas and Samuel Alito) has decided that only corporations and people have constitutionally guaranteed free speech rights and not political parties. This is stunning inasmuch as corporations and political parties are not mentioned in the US Constitution, and the only reason why any court would approve of giving corporations any kind of personhood rights is to shift the balance of political power from individual voters to the rich and powerful via their wealth accumulation legal tools known as corporations.

In other words, the court’s corporate wing, whose members have historically come from well-to-do families, is playing class warfare by perverting the meaning of the great document in favor of the rich. By playing make believe that corporations have constitutionally guaranteed legal rights, the court is able to provide a legal lie that corporations have free speech rights, and then by insisting that spending money is free speech, they’ve effectively and deliberately given the airwaves to the only organizations and people who can afford to take them, which happens to be the corporations and rich people with all the money.

This is precisely why the corporate-leaning court in recent years has rolled back campaign finance restrictions. In 2010, the court paved the way to unlimited outside spending on elections in a case called FEC v. Citizens United that concerned corporate spending. Given its bias toward class warfare against the 99 percent, it is shocking the court turned this new case away.

Since the corporate wing of the Supreme Court is in the majority, the US Supreme Court is now a wholly owned subsidiary of the most powerful US corporations and billionaires. Actually, it has been for quite some time.

Read Full Post »

A new study by the Pew Research Center shows the US middle class has shrunk from 62 percent of the adult population in 1970 to 50 percent today. In addition, middle class income has shrunk 4 percent since 2000. And all of this has occurred with Democratic Wall Street Senator Ron Wyden, one the architects on the war against the middle class, leading the charge against the middle class on behalf of the 1 percent, first in the US congress, and lately in the US senate.

Every president since Ronald Reagan has been in on this scam. For the past twenty years, Wyden has been the number one congressional champion of income and wealth redistribution scams, such as NAFTA and the Trans Pacific Partnership. The Federal Reserve has bailed out rich investors time after time, and most recently raised interest rates. The latter raised the interest on loans the 99 percent pay to the banks, which will enrich the banks. This action will increase bank profits, raised dividends to the rich folks who own shares of the banks, and raise share prices. Guess who benefits, and guess who loses. And it’s worse than the chart below shows.

ST_2015-12-09_middle-class-03

If you subtract the 1 percent with its 37 percent of total national income, the middle class looks considerably smaller than the above graph shows. The median income would shift to the left considerably, and be smaller in the process. Below is a graph based on actual income distribution in which the 1 percent are stealing 37 percent of all income in 2015 compared to just 8 percent in 1980.

DSCN0714

Wall Street Senator Ron Wyden has led and is still leading the attack of the 1 percent against the middle class, and he is responsible for this because of his support for income redistribution agreements, falsely marketed as trade agreements, which shifts jobs overseas. The difference between the old higher US wages and the new lower Chinese, Vietnamese, Mexican, Pakistani and Indian wages go straight into the pockets of the rich via higher corporate earnings, rising share prices, and surging dividends.

The result of the Wyden attack has been to weaken the demand sector of the US economy, since everybody but the 1 percent purchases the goods and services necessary to keep the economy chugging along. The 1  percent, instead, invest their money in politicians like Wyden, Mitch McConnell, Orrin Hatch, Earl Blumenauer, as well as in stocks and bonds and other assets. And this is precisely why we have an economy twice the size of 1980, with a population also about twice the size, but which produces fewer and fewer jobs with declining real wages compared to 1980.

Wyden, Hatch and McConnell are notorious in that they have assumed the rich are not sufficiently rich, and so they are supporting the most massive income redistribution scam in US history, the Trans Pacific Partnership. This will soon be voted on in congress. See What the Corporate News Media Refuses to Tell the Public About The Trans-Pacific Partnership: It’s a Massive Income Redistribution Agreement That Will Drive the Middle Class Further into Poverty, While Enriching the Already Wealthy, And Driving Millions of People into the United States Illegally to Depress US Wages Even More–JohnHively.wordpress.com

For more on this study by the Pew Research Institute, click on the link below.

The Middle Class Is Losing Ground, and Now the Rich Want to Make Certain they lose more ground with the Trans Pacific Partnership-Pew Research Center

Read Full Post »

The corporate propaganda machine, commonly known as the corporate media, always seeks to advance the cause of the 0.01 percent in redistributing income from the 99 percent to themselves. One of the ways to do this is to distract the mass of people from the real issues.

So when President Obama said that increasing income inequality was a threat to the American dream, and “the defining challenge of our time,” the president was right on, since the 1 percent now steal 37 percent of all US income, compared to 8 percent in 1980. This has been brought about due to federal legislation, such as tax cuts for the rich, privatization scams, the use of corporate mercenary soldiers to hide US military causalities abroad, and free trade agreements.

This is nothing short of political corruption to the max by the one percent.

The result of this inequality is the weakest economic growth and weakest job growth of all US economic expansions. It’s also responsible for declining real income for the 99 percent, and most of the other financial maladies afflicting society, such as underfunded schools, frayed social service nets, problems financing the social security trust fund 18 years down the road, rising poverty, and much more.

When the president said inequality was the “defining issue of our time,” what did the 1 percent do to protect their ability to corrupt the government? They unleashed their so-called free press to make us understand the president’s comment was “Class warfare,” and that was a bad thing. The Democrats and President Obama immediately retreated from this issue, save for a few, such as US Senator Bernie Sanders and US Senator Elizabeth Warren. Expect this issue to be pushed to the side by the rich person’s propaganda machine during the upcoming elections, save for Bernie Sanders.

The odd thing is the rich have been waging war on the 99 percent by using their corruption of government to enact legislation that redistributes income from the 99 to the 1 percent. But they refuse to call this class warfare, when that’s precisely what it is. Quite naturally, the corporate propaganda machine has been instructed to never mention this fact, or the job security of editors and reporters will be terminated. Corporate advertisers will vacate the parts of the machine that report real news that is not in harmony with the desires of the rich.

Of course, there are a few other reasons why Americans fall for this treachery time and again, and John Oliver explains it wonderfully in the video above.

The rich know class warfare has been waged for the last thirty-five years, as Warren Buffett, the third most richest person in the US, so famously said years ago.

quote-there-s-class-warfare-all-right-but-it-s-my-class-the-rich-class-that-s-making-war-and-we-re-warren-buffett-214525

Read Full Post »

According to Vermont Public Radio, US Senator Bernie Sanders will announce his bid for the Democratic nomination for president on Thursday. Sander’s is given little chance of winning the nomination by the corporate press, but there’s a reason why this isn’t so. The senator appeals to Democrats and Republicans on bread and butter issues, and he has a 100 voting score with the National Rifle Association.

Sanders will release a short statement on Thursday and then hold a major campaign kickoff in Vermont several weeks from now.

Sander’s candidacy means the middle class wing of the Democratic Party will challenge the deep pockets of the Wall Street wing of the Party, which is represented by Hilliary Clinton.

“Sanders’ basic message will be that the middle class in America has been decimated in the past two decades while wealthy people and corporations have flourished because the rich have taken over government, and used their control to redistribute income from the 99 to the 1 percent.

His opposition to a proposed Trans-Pacific Partnership trade deal (T.P.P.) shows how he plans to frame this key issue of his campaign.

“If you want to understand why the middle class in America is disappearing and why we have more wealth and income inequality in America than we have had since the late 1920s, you have to address the issue of trade,” Sanders said in a phone interview on April 23.

As the longest-serving Independent member of Congress, Sanders has been a vocal critic of the influence that large corporations have on the political process.

“All of the major corporations want to continue with this trade policy. Wall Street wants to continue this trade policy. The drug companies want to continue this trade policy. But organizations representing American workers and the environment do not want to continue the trade policy. They want new trade policies,” he said. Sanders did not point out that Wall Street’s Democratic hopeful Hilliary Clinton also supports these income redistribution policies falsely marketed as free trade treaties, and especially the TPP.

And Sanders says it is imperative that all the Democratic presidential candidates address the issue of trade and income inequality.

“So, I think that Hillary Clinton and every candidate out there should in fact address whether or not they support this T.P.P.,” Sanders said. So expect Hilliary to lie on the issue time and again in public.

In the past few months, Sanders has been actively visiting many of the early presidential primary states. Just last weekend he traveled to South Carolina to address the state Democratic Party and news reports indicate that his economic message drew a lot of support at the state meeting. The grass roots are rallying to Sanders, not to Hilliary.

The corporate propaganda machine gives Sanders little chance of defeating Clinton. However, that’s part of the propaganda ploy they play on the American people. They’ll label the best chance for America’s middle class (Sanders) as having no chance of winning the nomination, and they’ll tell voters not to waste their vote on Bernie. However, Sanders wouldn’t be running if he didn’t have the grass roots support to win.

The reality is that every vote for Hilliary and every vote for a Republican candidate is a vote to continue the political and economic policies that have been destroying the middle class by redistributing their wealth and income to the super rich for the last thirty-four years.

In other words, a vote for Hilliary or any Republican candidate by any member of the 99 percent is a vote to commit financial suicide. It’s a complete waste of your vote. Vote for real hope and change. Vote for Bernie!

Read Full Post »

A new congressional study suggests that massive immigration increases in recent decades have hammered middle-class wages. Whether through taking jobs or casting votes, hyper-immigration is revolutionizing the U.S.

We are a nation of immigrants, it is often reflexively said. But it is a little-known fact that our foreign-born population dropped more than 11% in the quarter century after World War II.

Since 1970, however, we have become a nation of hyper-immigration, as the foreign-born among us have exploded from fewer than 10 million to more than 41 million as of 2013 — a staggering 324.5% increase.

If a job cannot be exported, then immigrants are encouraged by business and government leaders to enter the United States to generate greater competition among middle class workers, which lowers wages and benefits. For example, a recent study shows that three out of four high tech workers are unemployed in their areas of expertise, and wages in the high tech sector are the same as during the early 1990s, and yet congressional leaders want to admit more immigrants via the H1-B visa. In this way wages and salaries will continue to stay artificially low, which benefits the 1 percent at the expense of the middle class.

The difference between the old higher wages (what wages should be under normal immigration increases) and the new lower wages with hyper immigration, goes straight into the pockets of the super rich via higher corporate profits, rising dividends and soaring share prices.

The middle class is getting hammered by the loss of millions of jobs that are exported via international agreements falsely marketed as free trade agreements. But the middle and lower classes are also getting hammered by hyper immigration. These two governmental policies are income redistribution scams perpetrated by the leadership of both major political parties and their billionaire and corporate sponsors, such as the Koch Brothers and Warren Buffett.

How badly has immigration and free trade policies been for the middle and lower classes?

“A new analysis from the nonpartisan Congressional Research Service for the Senate Judiciary Committee finds that during this era of free trade and hyper-immigration, incomes of the bottom 90% of Americans flat-lined, then dropped starting in 2000. By comparison, middle-class wages increased between 1945 and 1970.

Last year, Karen Zeigler and Steven Camarota of the Center for Immigration Studies found that, according to federal government data, “since 2000 all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal).”

In the fourteen plus years since 2000, less than six million net jobs have been created in the United States, and all of them have gone to immigrants. On the other hand, according to the Federal Reserve, 28 million jobs were exported from the USA from 1990 to 2010, and several million more have been exported since 2010.

Salaries, wages and benefits would be going up if the United States had six million less working age immigrants. More significantly, however, US wages would be surging and our tepid economy would be booming if those trade agreements hadn’t been conceived. In both cases, trade agreements and immigration, income and wealth inequality in the USA would not be nearly so significant as it is now.

While so-called international trade agreements are the major cause of the income and wealth inequality of the last thirty-five years, with the 1 percent going from taking 8 percent of all income created in the USA in 1980 to 37 percent today, immigration (legal and illegal) is another, though admittedly lesser, but still significant, culprit in the financial war the super rich are waging against the middle class.

The Trans Pacific Partnership (TPP) is the largest income redistribution scam of all time. It is falsely being marketed as a free trade treaty. The Wall Street wing of the Democratic Party, led by President Obama and Wall Street Senator Ron Wyden, have merged with the Wall Street wing of the Republican Party. The TPP will provide incentives for US corporations to ship millions of US jobs overseas, and drive millions of Latin American immigrants illegally into the United States simultaneously, just like NAFTA did.

That’s why the TPP is another income redistribution scam for the 1 percent.

Read Full Post »

Older Posts »