Posts Tagged ‘corruption’
Posted in corruption, Economics, Economics, recession, income redistribution, Market manipulation, student loans, the Rigged Game, Uncategorized, war, wealth redistribution, tagged corruption, Elizabeth Warren, government, moveon.org, President, student loans, wall street banks on Jam2000000amFri, 13 Feb 2015 09:50:56 +000015 10, 2010 | Leave a Comment »
This is the reason why President Roosevelt successfully pushed for a 90 percent top marginal tax rate, to ensure the success of democracy for everybody, not just the rich.
Video: The Result of Reaganomics–Wealth Distribution in the United States: the 1 percent own 40 percent of US wealth in 2009. Now it’s greater than That in 2015!
Posted in corruption, culture, free trade, income redistribution, inflation, taxes, the Rigged Game, trade, trade deficit, Uncategorized, war, wealth redistribution, tagged Barack Obama, Class warfare, corruption, government, Income, inequality, Mitch McConnell, Orrin Hatch, Ron Wyden, Tax cuts, The Trans Pacific Partnership, Trans-Pacific Partnership, trickle down economics, wealth on Jpm1000000pmTue, 27 Jan 2015 13:12:18 +000015 10, 2010 | Leave a Comment »
Inequality in the United States began with a simple idea; give more money to the rich so they can purchase the favors of government. This was called the Reagan tax cuts. The rich used their money to purchase more tax breaks in the political markets, and that’s exactly what the political area is; a market with buyers and sellers.
When President Franklin Roosevelt pushed for a 90 percent top marginal tax rate, he did it to act as a maximum wage, to save democracy from being purchased by the rich. Reagan let the genie out of the bottle.
Since Reagan, all sorts of legislation has been passed to redistribute income from the 99 to the 1 percent, including income redistribution treaties, falsely referred to as trade agreements.
Now President Obama is pushing the Trans-Pacific Partnership (TPP), the largest income redistribution agreement of all time. Since 2009, the rich have stolen 95 percent of all income growth. The TPP will increase this inequality. Wall Street Senator’s Orrin Hatch, Mitch McConnell and Ron Wyden are all for the TPP, since they have a history of siding with legislation that redistributes income from the 99 to the 1 percent.
In other words, Reagan’s tax cuts began rigging the game of economics and politics in favor of the 1 percent.
Posted in "John Hively", corruption, Economics, free trade, genetically modified organism (GMO), income redistribution, inflation, Market manipulation, Politics, Recessions, the Rigged Game, trade, trade deficit, Uncategorized, war, wealth redistribution, tagged Citizen's United, corruption, dark money, Money, politics, Super PACs on Jpm1000000pmTue, 20 Jan 2015 12:03:24 +000015 10, 2010 | Leave a Comment »