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Posts Tagged ‘corruption’

“A network of Republican lawmakers and their rightwing corporate funders are battling behind closed doors to block minimum wage increases in cities across the US, in a step-by-step counter-attack that could cut back the incomes of millions of Americans despite an economic upswing.

According to strategic details obtained by the Guardian, the American Legislative Exchange Council (ALEC) – along with its localized sister organization, ACCE – is trying to prevent elected city representatives from raising the minimum wage to levels above those set by their states. The group has launched an aggressive dual-track mission that combines legislation and litigation in what Alec calls a “new battleground” over worker compensation.”

Why would rich people want to stop poor people from earning more money? The answer is simple.

The financial markets are Ponzi schemes. More and more money has to be pumped into the financial markets, or the values of corporate shares that are traded on those markets will crumble into nothingness. For example, if shares of Weyerhauser climb to $50 per share, yet profits go down, more sellers will enter the market than buyers, and the value of the shares go down. However, the process is also true if profits stay the same from one quarter to the next. In which case, there might be exactly as many buyers as sellers of Weyerhauser shares if other stock prices are rising.

Why hold a static stock when when you can sell and purchase shares that are on the rise? The result of static corporate profits (and profits are the key to whether or not share prices rise), is to send share prices down. Weyerhauser’s stock plummeted from $50 to $1 per share from 1929 to 1933, which is when the Ponzi Scheme known as Wall Street collapsed. I demonstrated this in greater detail in The Rigged Game: Corporate America and a People Betrayed.

This is why ALEC opposes increasing the minimum wage anywhere except for shareholders, CEOs and corporate lobbyists. If corporations need to pay workers higher wages, that will reduce profits and potentially send share prices lower. This is also why the 1 percent wage war against the middle class, corrupt government at all levels with their ill-gotten gains, and have their legislators push legislation to redistribute income from the 99 to the 1 percent. This is also why we have much greater inflation today than the government lets us know about, but that’s another story.

Check out the rest of the story from the Guardian by clicking on the link below.

How a powerful rightwing lobby is plotting to stop minimum wage hikes–the Guardian

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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.

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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.

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What do international trade treaties, such as the looming Trans Pacific Partnership (TPP), have to do with the rising cost of education? Tons!

The Race to the Bottom isn’t working for 99 percent of US citizens. Yet, the corrupt US government continues to follow the same failed economic policies of the last thirty years because those policies benefit the 1 percent at the expense of the 99 percent. That is why President Obama, Republican leaders, and Corporate Democrats like Wall Street Senator Ron Wyden are pushing for Fast Track Authority for the Trans Pacific Partnership (TPP). Fast Track will limit debate, so they can push confirmation of this income redistribution scam through the senate without you knowing about it.

The TPP is a massive income redistribution treaty falsely marketed as an international trade agreement. The TPP is about exporting more jobs overseas, redistributing the difference between the old higher wages and the new lower wages from the taxpaying 99 percent to the 1 percent via higher corporate earnings, rising dividends and surging share prices.

What does this have to do with education?

Most public universities rely on state tax dollars for much of their funding. Middle class jobs are the United States largest export product. Taxes come from those jobs, especially sales, income and property taxes. Nearly 29 million tax paying US jobs were exported from 1990 to 2010. That’s a lot of tax dollars that used to go toward education.

As these jobs were exported, the cost of education gradually had to be carried more and more by students and their families.

Fight against this latest income transfer scam, the Trans Pacific Partnership, which has been negotiated to redistribute your income and tax dollars to the 1 percent. But that’s not all!

A total lack of transparency over the so-called free trade treaty’s components and some emerging details have created unlikely allies on the issue. Details from negotiations have been leaked against the wishes the president.

From leaked documents, which can be found on Wikileaks, we know the secretive Trans-Pacific Partnership will;

* will effectively eliminate your voting rights on local and state issues since it will unconstitutionally grant investors of the 0.01 percent special privileges to challenge labeling and health and safety local laws and regulations of the 99 percent, which most people call voter suppression, but in this case it should be called voter elimination,

* offer new monopolies for Big Pharma to raise medicine prices they charge you (which redistributes income from the 99 to the 1 percent),

* limit food safety standards (which redistributes and transforms your health into the profits of the 1 percent),

* block financial regulations aimed at preventing the next financial crisis (which will make it easier for Wall Street to redistribute your income and wealth to the 1 percent).

* will also kill the remainder of the US textile industry, destroy millions of jobs in Latin America, drive millions of undocumented immigrants into the United States,

* and depress wages in both North and South America, all to the benefit of the 1 percent, and all at the expense of the 99 percent.

* And we can’t forget that it will increase the already massive US trade deficit with other nations, which is supposed to be a bad thing.

* In other words, this scam is the largest income redistribution treaty of all time from the 99 to the 1 percent.

Sounds like a great deal for the 1 percent. And we barely know any of the details.

Why do Wall Street Senator Ron Wyden, President Obama, and the entire Republican Party want to do this to us? Ask them. It’s all about where the money goes, but they’re not going to tell you that.

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