"You can have wealth concentrated in the hands of a
few, or democracy, but you cannot have both." Louis Brandeis
" It has been true all through history, the way you get a small group of people to be very rich is by getting a lot of other people to be very poor."
Michael Parenti
As more and more wealth concentrates at the top, the moneyed interests rationally fear that democratic majorities will take it away through higher taxes, stricter regulations (on everything from trade to climate change), enforcement of anti-monopoly laws, pro-union initiatives and price controls.
So they’re sinking ever more of their wealth into anti-democracy candidates.
Donald Trump is going full fascist these days and gaining the backing of prominent billionaires.
Billionaires are lining up to fund Donald Trump’s anti-democratic agenda (11/21/2023)
It is baffling to me how supporters of President Trump can claim anti-elitism as a reason for voting for him.
The combined wealth of the Trump family and administration cabinet members (Perdue, Ross, Chao, DeVos, Mnuchin, Carson, for example) is staggering.
These are the people who make decisions that affect us every day, yet their wealth and elite status do not seem to concern Trump followers.
Do these voters ever question the motives and actions of that elite group?
Gail Minthorn, Wilton, Conn.
(letter to the New York Times)
In the United States, our findings
indicate, the majority does not rule -- at least not in the causal
sense of actually determining policy outcomes. When a majority of citizens disagrees with
economic elites and/or with organized interests, they generally lose.
Moreover, because of the strong status quo bias built into the U.S.
political system, even when fairly large majorities of Americans favor
policy change, they generally do not get it. Gilens
and Page
“There is class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning”
Warren Buffet
This chart crushes me. There are more than five times as many billionaires as there were in 2000, and the average net worth per billionaire has nearly tripled, from $1.9bn to a staggering $5.1bn. They're fleecing us, undermining democracy, and burning the world - tax the rich. pic.twitter.com/4H4JZs5lUc
A recent poll of the super-wealthy shows that compared with
ordinary voters, the rich place a much higher priority on deficit
reduction than on combating high unemployment. Their support for
Social Security and Medicare is weaker than their compatriots, and
they are opposed to the very tax changes most Americans support.
Recent political science studies also suggest little or no
responsiveness of political leaders to the opinions of the middle
class when they conflict with the opinions of those at the top.
Jacob s. Hacker and Paul Pierson
Wealth concentrates because the return on capital tends to exceed the general rate of economic growth.
Since income broadly tracks wealth, economies become relentlessly more unequal over time. TIME FOR SOCIALISM Dispatches From a World on Fire, 2016-2021 By Thomas Piketty
Sarah Churchwell ... in her book Behold, America (2018).
The first widely disseminated use of “American dream,” ... appeared in the New York Post in 1900.
It was a warning about the threat posed by super-rich tycoons to the very existence of the American
system of government. “Discontented multimillionaires,” it warned, form the “greatest risk” to “every republic.”
All previous republics, it noted, had been “overthrown by rich men”
and this could happen too in America, where the tycoons were “deriding the constitution,
unrebuked by the executive or by public opinion.” If they had their way “it would be the end of the American dream.” ...The American republic has come close to being overthrown by a discontented multimillionaire. Biden failed to say with sufficient force that America needed not to go from nightmare to dream, but to wake up to the urgent meaning of that threat.”
The New York Review of Books 12/3/2020 “Democracy’s Afterlife”
Oligopoly vs Democracy is a struggle repeated throughout recorded history.
The iron law of oligarchy "asserts that rule by an elite, or oligarchy, is inevitable "
BREAKING: Billionaires are 77% richer since 2017 Trump-GOP tax scam that was so heavily slanted to the wealthy it undoubtedly contributed to the $2.2 TRILLION billionaire-wealth growth.
Republicans want to shut down the government to give more tax breaks to the rich. pic.twitter.com/xVWMmJzCWe
A major roadblock with this is so many of the people in our legislature are rich & they may be reluctant to enact legislation that would adversely affect their own financial well-being.
A small number of people, some head petro States, tech titans,
large corporate CEOs, own much of the world’s wealth,
when that happens oligarchs rule.
They spend lavishly on propaganda on a world-wide scale,
resulting in authoritarian regimes in Russia, Poland, Hungary, Brazil, Philippines, US, etc. A new axis. Ominous.
"To preserve their position of privilege, they frequently fight democracy."
Oligarchs want government too weak to do oversight of financial transactions, tax law,
offshore wealth, unions, consumer, industrial conditions, labor, ...
It seems we are back to a 1929 - like economy, a new gilded age.
Trump did not win election on his own. He had a lot of help from other oligarchs:
Putin, Mercer, Murdoch, Zuckerberg, Koch, Adelson, MbS,
and other wealthy GOP campaign donors some of whom
went on to cabinet positions.
For anyone paying attention, it is obvious that our Congress
is no longer responsive to the people. It mostly serves monied
interests. Serious academic studies:
Gilens
and Page of Princeton, Lawrence Lessig’s book “Republic
Lost”, Hacker and Pierson in Winner
Take All Politics, or Noam Chomsky’s book Failed
States agree that Congress responds to funders, not people.
The wealthy, including the churches, do not have the same concerns as the great
majority: they are not inclined to want healthcare for everyone, good
education for all qualified, or strong social programs. They regard
extreme income inequality as only natural and will do nothing to remedy
it. Instead, they want reduced taxes and minimal social supports.
They are militarists, disdain international organizations, and retreat to gated communities, and now want a wall on the border.
They are the motivators of the Republican agenda
which has no interest in serving the majority of the people.
The Constitution, Elections, media, Courts and
other institutions are rigged to preserve rule by a wealthy GOP minority.
They attack democracy and all of its supports.
Our dysfunctional government, run by an irresponsible billionaire elite,
a symptom of bad ideas and failure of leadership.
Long-term problems are not addressed by the GOP,
including the threat of climate change, deteriorating
infrastructure, the nuclear danger, market volatility, income inequality,
sinking middle class, military-industrial complex, endless war, or election flaws.
Concentrated media does not discuss economic
fairness even though the US
is experiencing pathological, extreme income
inequality. Trump is a reflection of a Republican party funded by oligarchs.
They are uninterested in policy, expertize, or governing for the well-being of anyone
but themselves. The U.S. is an oligarchy with all of the attributes of a Fascist State.
It is just as important to have checks and balances on
concentration in private hands as it is in public. Republicans
don't enforce anti-trust law.
Any
time an oligarch arises in an industry, that is the sign of market
failure. Even market fundamentalists should agree that a market is
only free when there are many competitors. Corporate concentration is
relentless, it stamps out competition, produces oligarchs, and
exacerbates income inequality.
Loosely defined, fascism or Feudalism is rule by the very wealthy.
The Golden Rule: He who has the gold rules.
" ... the elements are in place: a weak legislative
body, a legal system that is both compliant and repressive, a party system in which one party,
whether in opposition or in the majority, is bent upon reconstituting
the existing system so as to permanently favor a ruling class of the
wealthy, the well-connected and the corporate, while leaving the poorer
citizens with a sense of helplessness and political despair, and, at
the same time, keeping the middle classes dangling between fear of
unemployment and expectations of fantastic rewards once the new economy
recovers. That scheme is abetted by a sycophantic and increasingly
concentrated media; by the integration of universities with their
corporate benefactors; by a propaganda machine institutionalized in
well-funded think tanks and conservative foundations; by the
increasingly closer cooperation between local police and national law
enforcement agencies aimed at identifying terrorists, suspicious aliens
and domestic dissidents." Sheldon
Wolin: Inverted Totalitarianism
It seems relevant that the walled city where the wealthy few live in relative luxury while the masses outside war with one another for survival is pretty much the default premise of every dystopian sci-fi movie that gets made these days, from
“The Hunger Games,” with the decadent Capitol versus the desperate colonies, to
“Elysium,” with its spa-like elite space station hovering above a sprawling and lethal favela. It's a vision deeply enmeshed with the dominant Western religions, with their grand narratives of great floods washing the world clean and a chosen few selected to begin again. It's the story of the great fires that sweep in, burning up the unbelievers and taking the righteous to a gated city in the sky. We have collectively imagined this extreme winners-and-losers ending for our species so many times that one of our most pressing tasks is learning to imagine other possible ends to the human story in which we come together in crisis rather than split apart,
take down borders rather than erect more of them: Naomi Klein, No Is Not Enough: Resisting Trump's Shock Politics and Winning the World We Need,
www.noisnotenough.org
A nation will not survive morally or economically when so
few have so much while so many have so little. the top 1 percent owns 38 percent of
the financial wealth of the nation, while the bottom 60 percent owns
all of 2.3 percent. A progressive tax system which asks the wealthy to
start paying their fair share of taxes, and which ends the outrageous
loopholes that enable one out of four corporations to pay nothing in
federal income taxes. Senator Bernie Sanders
...changes in government policy, Hacker and Pierson
argue, account for the radical change in the distribution of
American wealth. This isn't the rich getting richer because they're
smarter or working harder. It is the connected getting richer
because their lobbyists are working harder. No Political philosophy
- liberal, libertarian, or conservative --should be ok with that."
Lawrence Lessig:
Republic, Lost (p157)
...when Americans with different income levels
differ in their policy preferences, actual policy outcomes strongly
reflect the preferences of the most affluent but bear virtually no
relationship to the preferences of poor or middle-income Americans.
The vast discrepancy I find in government responsiveness to
citizens with different incomes stands in stark contrast to the
ideal of political equality that Americans hold dear. Although
perfect political equality is an unrealistic goal, representational
biases of this magnitude call into question the very democratic
character of our society. Martin
Gilens
"It should be no surprise that when
rich men take control of the government, they pass laws that are favorable to themselves. The
surprise is that those who are not rich vote for such people, even
though they should know from bitter experience that the rich will
continue to rip off the rest of us." Andrew Greeley (Chicago Sun-Times,
February 18, 2001)
"'The ruling classes have in their hands the army, money,
the schools, the churches and the press. In the schools they kindle
patriotism in the children by means of histories describing their
own people as the best of all peoples and always in the right.
Among adults they kindle it by spectacles, jubilees, monuments, and
by a lying patriotic press.'" (Tolstoy, Government is
Violence - Essays on Anarchism and Pacifism, Phoenix Press,
1990, p.82)
The DeVos, Koch, Adelson, Walton & Mercer families are spending millions astroturfing the effort to ban books, attack teachers and delegitimize public schools in order to promote charter schools.
“The American oligarchy spares no pains in
promoting the belief that it does not exist, but the success of its
disappearing act depends on equally strenuous efforts on the part
of an American public anxious to believe in egalitarian fictions
and unwilling to see what is hidden in plain sight.” —
Michael Lind, To Have and to
Have Not
"The ruling elites, the members of the corporatocracy, bear
a disturbing resemblance to the shah of Iran and those other
dictators we empowered. Unlike the elected presidents, premiers, or
prime ministers, they are not chosen by the people, do not serve
limited terms, and answer to no one (they profess to report to
boards of directors, but they all serve on each other's boards and
are mutually supportive). They wield tremendous influence in the
halls of both local and national governments. Almost no politician
gets elected without money that flows through them and their
stockholders. They control the mainstream media, either through
direct ownership or advertising budgets." John Perkins book Hoodwinked
pg 49
“The odd American idea that giving money to political campaigns is free speech means that the very rich have far more speech, and so in effect, far more voting power, than other citizens.”
People work very hard and they’re still not moving up. And then, the elites use the security narrative to cement their hold on the people who are losing ground economically by bringing them together and saying, we have to come together in our nationalist fervor to ward off threats to the United States as a country. It should be said that the threats are not only manufactured abroad. That is, there are foreign enemies that are stoked, but they’re also domestic. In the case of Trump, the domestic enemies usually include people of color, liberals of a variety of kind, leftists, socialists, you hear more and more about AOC and Bernie Sanders-style socialism, Black Lives Matter. The overall thrust is to make people feel that they depend on elites for safety, that nothing is more important than security, and that only the existing elites are capable of delivering that. And I think that is Trump’s primary way of using fear because people are already scared of their economic situation, of the social violence in the country, and so forth. And so, he can stoke this violence very effectively to develop what I call
the “security narrative,” which is very dominant right now.
Charles Derber
Rather than use their vast resources to help eliminate civilization-ending nuclear weapons, the 1% are buying up luxury underground bunkers where they'll ride out the apocalypse in style — complete w/ pools, saunas and movie theaters. Sounds about right. 😑https://t.co/gdrYOiQzpG
For hundreds of years rich people have used racism and xenophobia to convince poor people that rich people are not the problem.
David Hogg
Where there is the possibility of democracy, there is the inevitability of elite insecurity.
All through its history, democracy has been under a sustained attack by elite interests, political, economic, and cultural.
There is a simple reason for this: democracy – as in true democracy – places power with people.
In such circumstances, the few who hold power become threatened.
With technological changes in modern history, with literacy and education, mass communication, organization and activism,
elites have had to react to the changing nature of society – locally and globally.
The Propaganda System That Has Helped Create a Permanent Overclass Is Over a Century in the Making
Here's the GOP Mentality:
If you're rich and you pay no taxes you're a genius!!!
"The Republicans have a pretty simple philosophy:
they say if those at the top have more — more power for Wall Street players to
do whatever they want and more money for tax cuts than somehow they can
be counted on to build the economy for everyone else. Well, we tried it
for 30 years and it didn’t work. In fact the consequences were nearly
catastrophic." Elizabeth
Warren
The people who are risk-averse are the rich, who become like Fafnir in
Wagner's Ring. You know in Wagner's Ring, the gold is cursed. The two
brothers fight each other over the gold. Fasolt gets killed. And Fafnir
gets the gold and what does he do? (From the viewer's point of view for
the next 12 hours in Valkyrie and Siegfried,...) In real life, for a
long time, until Siegfried becomes mature, he sits immobilized, having
turned himself into a dragon guarding the gold. So what was the gold
for?" Leon Botstein, President of Bard College.
Trump isn't and never was a populist. The man who got into and stayed in office via bribes and deals with the ultra-wealthy has always worked for and with the support of the American business elite and mainstream Republicans.https://t.co/569wdyeI36
— Wide Mind | Fierce Heart 🦓🥄 (@wydmindfeersart) December 7, 2020
The priorities of the wealthy and powerful show up
not only in the premature focus on deficit reduction, but in the way
austerity seems likely to be targeted. A genuine effort to combat
long-term deficits would address the myriad ways, documented by
Stiglitz and many others, in which the federal government
subsidizes economic behavior that has real costs for our
society—whether by failing to require companies to pay a tax
on their carbon emissions or allowing billionaire hedge fund
managers to pay taxes at rates far lower than those affecting
middle-class families.
Jacob Hacker and Paul Pierson
...The Feedback loop between money, politics, and
ideas is both cause and consequence of the of the rise of the super-elite. But economic forces
matter, too. Globalization and the technology revolution - and the worldwide
economic growth they are creating - are fundamental drivers of the rise
of the plutocrats. Even rent-seeking plutocrats - those who owe their fortunes chiefly to
favorable government decisions - have also been enriched partly by this growing
global economic pie. Christia
Freeland: Plutocrats.
Here's the state of American democracy. You get one vote for president. So does Sheldon Adelson. Except—being a multibillionaire—he gets to invest $176 million to elect candidates who represent the rich. We must overturn Citizens United and move to public funding of elections. https://t.co/yL0UNFY06r
"Don't trust someone who wants to take something
that we all share and profit from equally and give it to someone else
to profit from exclusively."
Mike Bergan (quoted in Jeremy Rifkin's 'Zero Marginal Cost Society' pg
190.
"Private capital tends to become concentrated in few
hands, partly because of competition among the capitalists, and partly
because technological development and the increasing division of
labor encourage the formation of larger units of production at the
expense of the smaller ones. The result of these developments is an
oligarchy of private capital the enormous power of which cannot be
effectively checked even by a democratically organized political
society. This is true since the members of legislative bodies are
selected by political parties, largely financed or otherwise
influenced by private capitalists who, for all practical purposes,
separate the electorate from the legislature. The consequence is
that the representatives of the people do not in fact sufficiently
protect the interests of the underprivileged sections of the
population. Moreover, under existing conditions, private
capitalists inevitably control, directly or indirectly, the main
sources of information (press, radio, education). It is thus
extremely difficult, and indeed in most cases quite impossible, for
the individual citizen to come to objective conclusions and to make
intelligent use of his political rights." Einstein on
Politics, Rowe and Schulmann. Monthly Review, May 1949.
The most obvious criticism of the New Overclass is that
their political machine is undemocratic. Using subversive techniques once
aimed at communists, and with all the money they ever need to
succeed, the Overclass undemocratically controls our government,
our media, and even a growing part of academia. These institutions
in turn allow the Overclass to control the supposedly "free"
market. It doesn't win all the time, of course — witness Bill
Clinton's impeachment trial — but it does score an endless
string of other victories elsewhere, all to the detriment of
workers, consumers, women, minorities and the poor. We need to
fight it with everything we've got. Steve
Kangas
...modern elites tend to "exercise power
irresponsibly, precisely because they recognize so few obligations to their
predecessors or to the communities they profess to lead. Their lack
of gratitude disqualifies meritocratic elites from the burden of
leadership, and in any case, they are less interested in leadership
than escaping from the common lot--- the very definition of
meritocratic success" Christopher Lasch: The Revolt of the Elites
and Betrayal of Democracy 1995
However we look at it, the wealthy few use the
relentless mechanism of
commercialism to trample democracy, the natural environment, and the
common good. Our grievances are many, and the power of citizenship, community, and
national pride should be enough to mobilize the population to organize resistance and
change."
Breaking through power : it's easier than we think: Ralph Nader.
"The Triumph of the Corporate Rich," reflects the
success of the wealthy few in defeating all of their rivals (e.g.,
organized labor, liberals, environmentalists) over the course of the
past 35 years. G.
William Domhoff: Who Rules America ?
Plutocracy: an elite or ruling class of people whose power derives from their wealth... pic.twitter.com/9oIgpInKOI
there is a natural aristocracy among men. The grounds of this are virtue and talents. Formerly bodily powers gave place among the aristoi. But since the invention of gunpowder has armed the weak as well as the strong with missile death, bodily strength, like beauty, good humor, politeness and other accomplishments, has become but an auxiliary ground of distinction. There is also an artificial aristocracy founded on wealth and birth, without either virtue or talents; for with these it would belong to the first class. The natural aristocracy I consider as the most precious gift of nature for the instruction, the trusts, and government of society. And indeed it would have been inconsistent in creation to have formed man for the social state, and not to have provided virtue and wisdom enough to manage the concerns of the society. May we not even say that that form of government is the best which provides the most effectually for a pure selection of these natural aristoi into the offices of government? The artificial aristocracy is a mischievous ingredient in government, and provision should be made to prevent it's ascendancy. Thomas Jefferson
AMY GOODMAN: David, Mitt Romney continually talks about "redistribution" as a bad word—
DAVID CAY JOHNSTON: Right.
AMY GOODMAN: —a code kind of word in talking about President Obama.
DAVID CAY JOHNSTON: And, in fact, we have redistribution in this
country, but it is very much upward. You know, the phrase
"trickle-down" was invented to mock Ronald Reagan’s tax
policies. But the reality is, it’s not trickle-down,
it’s Amazon-up, Niagara-up. And all you have to do is look at
the data. From 1961 through 2007, the bottom 90 percent of
Americans saw their income rise little tiny amount. But if
you’re in the top top group of America, the plutocrat class,
for every dollar that each person in the bottom 90 percent got
after taxes, you got $35.50—$36.50. Your taxes, if
you’re in the plutocrat class, fell from a mid-40 percent
range down to where Romney is, 15 percent or so. In 2009, we had
six people, according to IRS data, who made over $200 million, who
paid no income taxes. And we have people who make billion-dollar
incomes and can pay no income taxes because of the rules we have
that allow people who are hedge fund managers and private equity
managers, like Bain & Company, which was the sole property of
Mitt Romney, to defer all of their income. Now, how do they live?
Just the same way that the guys who create the internet companies,
who take a small salary, and the company pays no dividend, are able
to afford their private jets and their mansions: they borrow
against their untaxed assets. And they get to live a great life,
and . . . —you and I pick up the bill. (From
Democracy Now! )
Former Utah governor Jon Huntsman has a somewhat
different take on taxes. Pundits have anointed Huntsman the most
“reasonable” candidate in the 2012 GOP Presidential
field, and the one-time ambassador to China, a near billionaire
himself, is certainly doing his best to give his fellow wealthy
plenty of reasons to rally his way. Huntsman last week announced
his campaign tax plan. He wants to drop the top federal income tax
rate from 35 to 23 percent and erase taxes on dividends and capital
gains from wheeling and dealing stocks and other assets. This
dividend and capital gains tax break alone, the Tax Policy Center
calculates, would save America’s richest 0.1 percent an
average $486,000 a year in taxes. From Too Much.
On charitable giving worldwide, check out this eye-opening article
from Inter-Press Service, noting that the heathens are more
generous than the faithful. Here is an
interesting web site from Boston
College on wealth and philanthropy. “The people
that give the most actually make the least. Households earning
under $10,000 a year -- far below the poverty line -- gave 5.2% of
their income to charity. That's a larger percentage of their money
than any other income group,” says JustGive.org.