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Posts Tagged ‘political inequality’

The billionaires who own the Democratic Party are preparing to sit out the presidential campaign fundraising cycle, and have threatened to back President Trump if Senator Elizabeth Warren wins the party’s nomination. We know where the loyalty of the billionaires who control the Democrat Party lie, and it is with their comrades in arms, the billionaires who own the RepubliCon Party.

The billionaires that control both major political parties work hard using their news media and talking heads to get Democratic and Republican voters to side with their party and argue with one another about social issues, such as abortion, gun control, or whether or not transgender bathrooms should have urinals, and whether or not Albus Dumbledore of Harry Potter fame is gay or not, and whether or not Santa Claus should be depicted as transgender or not, rather than talking about income, wealth and the political inequality the billionaires, their politicians (such as Wall Street Senator Ron Wyden) and their Supreme Court have created, and how the billionaires have rigged and corrupted the democracy we live in, while simultaneously working together to financially rob and rape the 99 percent of both Parties in whatever way possible so long as it makes them richer in the process.

The billionaires who control the Democratic Party have already supported President Trump on a number of issues, such as tax cuts for the rich.

Warren tweeted in response to the threat, “I’m fighting for an economy and a government that works for all of us, not just the wealthy and well-connected. I’m not afraid of anonymous quotes, and wealthy donors don’t get to buy this process. I won’t back down from fighting for the big, structural change we need.”

In recent weeks, CNBC spoke to several high-dollar Democratic donors and fundraisers in the business community and found that this opinion was becoming widely shared as Warren, an outspoken critic of big banks and corporations, gains momentum against Joe Biden and Bernie Sanders in the 2020 race.

What CNBC did not say was that the vast majority of U.S. citizens need a new Franklin Delano Roosevelt as United States president in order to stave off the predations of the billionaires who own both major political parties, as well as the corrupt/corporate/conservative wing of the United States Supreme Court.

One Democratic Party senior private equity executive said, “You’re in a box because you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to hurt me, so I’m going to help President Trump.’” This billionaire spoke on the condition of anonymity in fear of retribution by party leaders. The executive said this Wednesday, a day after Speaker Nancy Pelosi announced that the House would begin a formal impeachment inquiry into Trump.

During the campaign, Warren has put out multiple plans intended to curb the corrupting influence of Wall Street on government, both major political parties, and the United States Supreme Court, including a wealth tax. In July, she released a proposal that would make private equity firms responsible for debts and pension obligations of companies they buy. The billionaires surely do not want that. Trump, meanwhile, has given wealthy business leaders a helping hand with a major corporate tax cut and by eliminating regulations.

Warren has sworn off taking part in big money fundraisers for the 2020 presidential primary. She has also promised to not take donations from special interest groups. She finished raising at least $19 million in the second quarter mainly through small-dollar donors.

Trump, has been raising hundreds of millions of dollars, putting any eventual 2020 rival in a bind as 20 or so Democrats compete for their party’s nomination.

Trump’s campaign and the Republican National Committee have raised over $100 million in the second quarter, and a record $125 million in the third quarter. Most of that came from wealthy donors who gave to their joint fundraising committee, Trump Victory. In August, the RNC raised just over $23 million and has $53 million on hand.

The Democratic National Committee have struggled to keep up. The DNC finished August bringing in $7.9 million and has $7.2 million in debt. CNBC decided not to mention this is because Democratic grassroots voters are throwing tens of millions of dollars to the Warren and Bernie Sanders campaigns.

Biden, who has courted and garnered the support of various wealthy donors, has started to lag in some polls. The latest Quinnipiac poll has Warren virtually tied with the former vice president. Biden was one of three contenders that saw an influx of contributions from those on Wall Street in the second quarter.

The business community’s unease about Warren’s candidacy has surged in tandem with her campaign’s momentum. CNBC’s Jim Cramer said earlier this month that he’s heard from Wall Street executives that they believe Warren has “got to be stopped.”

Some big bank executives and hedge fund managers have been stunned by Warren’s ascent, and they are primed to resist her. Ultimately, this means they intend to resist the will of the vast majority of United States citizens.

“They will not support her. It would be like shutting down their industry,” an executive at one of the nation’s largest banks told CNBC, also speaking on condition of anonymity. This person said Warren’s policies could be worse for Wall Street than those of President Barack Obama, who signed the Dodd-Frank bank regulation bill in the wake of the 2008 financial meltdown.

Yet before Obama was elected, his campaign took over $1 million from employees at Goldman Sachs, according to the nonpartisan Center for Responsive Politics.

A hedge fund executive pointed to Trump’s tax cut as a reason why his colleagues would not contribute or vote for Warren if she wins the nomination.

“I think if she can show that the tax code of 2017 was basically nonsense and only helped corporations, Wall Street would not like the public thinking about that,” this executive said, also insisting on anonymity.

This really means something simple: if you want to vote for your interests, as well as the interests of the vast majority of United States citizens, vote for Elizabeth Warren or Bernie Sanders. If you want to vote for the interests of the billionaires’ vote for Joe Biden.

Billionaires Rise Up Against Elizabeth Warren

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classwarfare

A new report by Oxfam.org shows eight people as much wealth as the bottom 50 percent of humanity, which is 3.6 billion people. Oxfam is an organizations that monitors income and wealth inequality throughout the world. Warren Buffett and Bill Gates are two of those eight richest people.

The folks at Oxfam have figured out why income and wealth inequality continue to grow. They write,

“The gap between rich and poor is far greater than had previously been estimated, with big business and the super-rich fueling the inequality crisis by dodging taxes, driving down wages, and using their power to influence politics.” They’re really saying political power inequality has caused income and wealth inequality.

This is the golden rule in action; he who has the gold makes the rules. In harsher terms, the rich have used their money to corrupt government at all levels and rig the economic game against everybody else. The game has been rigged in favor of the rich and powerful, and in particular, Wall Street. The big banks have held millions of homes off the market in the US in order to drive prices up, and they’ve been quite successful at it. Meanwhile, the US justice department has turned a blind eye to this conspiracy in restraint of trade, even though it is the US Census Bureau that first reported this.

Oxfam suggest five actions they believe can reduce income and wealth inequality, but in reality, these five are not enough. The five are;

  1. Stop offshore tax dodging which costs the US and developing countries more than $100 billion each year.
  2. Raise the minimum wage so that working families can make a living wage.
  3. Fight discrimination of all kinds and ensure equal pay for equal work.
  4. Build and invest in a social safety net for everyone.
  5. Ensure every person has access to affordable, high quality healthcare and education.                 Click here for the full Oxfam report.

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The Trans-Pacific Partnership (TPP) is a corporate power grab, a 5,544-page document that was negotiated in secret by big corporations while Congress, the public, and unions were locked out.

Multinationals like Google, Exxon, Monsanto, Goldman Sachs, UPS, FedEx, Apple, and Walmart are lobbying hard for it. Virtually every union in the U.S. opposes it. So do major environmental, senior, health, and consumer organizations.

This agreement has virtually nothing to do with trade since tariffs between the twelve nations of the TPP are at historic low. This agreement is really about exporting jobs, raising prices and more bonuses for the 1 percent at the expense of the 99 percent.

The TPP will mean fewer jobs and lower wages, higher prices for prescription drugs, the loss of regulations that protect our drinking water and food supply, and the loss of Internet freedom. It encourages privatization, undermines democracy, and will forbid many of the policies we need to combat climate change.

The worst part is the Investor-State Dispute Settlement provision, which allows a multinational corporation to sue to override any U.S. law, policy, or practice that it claims could limit its future profits. Secret panels of corporate lawyers and corporate lobbyists will decide these cases. Their judgments cannot be appealed, not even to the Supreme Court.

This provision will override your votes on the state and local levels. In other words, President Obama and Wall Street Senator Ron Wyden intend to suppress your voting rights, along with most of the Republican Party led by Paul Ryan, Mitch McConnell and Orrin Hatch.

Though the Obama administration touts the pact’s labor and environmental protections, the official Labor Advisory Committee on the TPP strongly opposes it, arguing that these protections are largely unenforceable window dressing.

On behalf of Wall Street and rich investors throughout the United States, President Obama is planning to call for a vote on the TPP in the US senate and the US House after the elections in November. Obama signed the TPP, a despicable income and political power redistribution scam, months ago. Wall Street Senator Ron Wyden will likely introduce the TPP in the senate. Wyden is Obama’s and Wall Street’s attack dog in the US senate in their war against the middle class. He has voted to redistribute trillions of dollars from the 99 to the 1 percent over the course of the his career in congress.

To learn more about the TPP, check out Citizen’s Trade Campaign, and Public Citizen’s Global Trade Watch, Public Citizen. For labor-specific resources, try CWA, http://stopthetpp.org/, and the AFL-CIO, http://www.aflcio.org/Issues/Trade.

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“Folk singer-songwriter Woody Guthrie was born on July 14, 1912, yet his words, music, and mission continue to stir us as if he were a contemporary figure, not just a legendary one. On what would have been his 100th birthday, NPR produced a retrospective on Guthrie that included this insightful quote from Time‘s  Joe Klein, who wrote a biography of the iconic figure in 1980.

“The further we get away from Woody’s birth and death, and take a look at his influence, [the more] it helps us learn about ourselves as Americans… There’s a wild-ass quality to this country that he personified. I go around the country. The greatest fear is that we’re losing that — we’re losing our creativity, our individualism. Woody was an individual, and a militantly individual individual.”

Woody wrote songs about income inequality, political power inequality, undocumented immigrants, poor people and their struggles (think the rising number of homeless and jobless), the dust bowl (think California drought), crooked politicians, corrupt bankers, and much more that is applicable to the circumstances of today, which has been created by rich folks utilizing the levers of political power that their ill gotten gains are able to purchase. Woody’s songs have been recorded by a massive number of singers, ranging from Bob Dylan, Bruce Springsteen, Brian Wilson, Billy Bragg, and U2.

One of my favorite Woody Guthrie quotes is his philosophy of song writing

“I hate a song that makes you think that you are not any good.

I hate a song that makes you think that you are just born to lose.

No good to nobody. No good for nothing.

Because you are too old or too young or too fat or too slim too ugly or too this or too that.

Songs that run you down or poke fun at you on account of your bad luck or hard traveling.

I am out to fight those songs to my very last breath of air and my last drop of blood.

i am out to sing songs that will prove to you that this is your world and that if it has hit you pretty hard and knocked you for a dozen loops, no matter what color, what size you are, how you are built.

I am out to sing the songs that make you take pride in yourself and your work.”

In his web-only video essay, “Bill Moyers looks back at the singer-songwriter’s life and work, finding many points of irony and relevance given the current state of our economy and democracy. Is this land truly made for you and me? In this visual and musical journey, Bill asks the question, and puts forth a sobering answer.”

To check out Bill’s video on Woody Guthrie, click on the link below.

Woody Guthrie: What He Still Teaches Us | BillMoyers.com.

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