Family Crest

Family Crest
Motto: I will never forget. [ Source HouseofNames ]

HUMANITY DOOMSDAY CLOCK - Moves forward to 2125 due to election of US President trump.

Estimate of the time that Humanity will go extinct or civilization will collapse. The HUMANITY DOOMSDAY CLOCK moves forward to 2125 due to US President trump's abandonment of climate change goals. Clock moved to 90 seconds to doom at December 2023. Apologies to Bulletin of the Atomic Scientists for using the name.

PLEASE QUOTE, COPY and LINK

While this material is copyrighted, you are hereby granted permission and encouraged to copy and paste any excerpt and/or complete statement from any entry on this blog into any form you choose. In return, please provide explicit credit to this source and a link or URL to the publication. Email links to mckeever.mp@gmail.com

You may also wish to read and quote from these groundbreaking essays on economic topics with the same permission outlined above

The Jobs Theory of Growth [https://miepa.net/apply.html]

Moral Economics [https://miepa.net/moral.html]

Balanced Trade [https://miepa.net/essay.html]

There Are Alternatives to Free Market Capitalism [https://miepa.net/taa.html]

Specific Country Economic Policy Analyses - More Than 50 Countries from Argentina to Yemen [https://miepa.net/]




Translate

Saturday, November 25, 2023

The Captured State: Selected Statistics Show Harms of Wealth Concentration to American Life

All:   

You can read my latest article on the Oakland School of Economics Journal [www.econoak.org]. If you like it, tell your friends, if not, then tell me. Thanks in advance.

Here is the link to the OSE Journal page - open the page, scroll down to paper then click on the title of paper 

The Captured State: Selected Statistics Show Harms of Wealth Concentration to American Life 

Copy and paste this link :https://econoak.org/?page_id=1048

A teaser:

Prequel: A Declaration [Rant?]

 Now listen up, all you American Billionaires and CEO's:

 Enough………

 You have taken most of what we have.

 It is enough for you. We want some of it back. We are coming for you.  [i]

 You take our wages and cross too many lines.

 You control the law making system and you, and only you, can fix the country. Without you letting loose some control, our laws cannot fix our problems today. If you choose to help us, we can fix America together. [ii]

You cannot escape your responsibility for our plight: with your great wealth comes your greater responsibility.  You cannot avoid acting because doing nothing is making a choice to continue as we are today.

We CAN change with your help. Without you, the end-result will be violence against you.

You want to install a Dictator who works for Vladimir Putin. If you succeed, then he will steal all our liberty and our property, yours and mine. You will not escape him. [iii]

You call it ‘competitive advantage’ when you find loopholes in the laws to steal our incomes.. [iv]

You threaten our National Security by creating disastrous extremes of income and wealth.

About 10% to 20% of us live in hunger and fear. Some among the rest of us have little peace or rest.

You poison our air and our water and you kill the planet we call home.

You shoot to ‘kill/death’ thousands of us every year.

 'In 2021, the most recent year for which complete data is available, 48,830 people died from gun-related injuries in the U.S., according to the CDC’  [v]

 You won. Congratulations.

 Now, look around: many Americans suffer privation and desperation. They may resort to violence against you as happened to the Russian Romanovs, Saddam Hussein, French nobility and a long list of murdered tyrants. Our Deal can save you.

 You can choose your legacy: You can be a modern Alfred Nobel or Rockefeller.  Or, you will be an evil tyrant like industrialist Henry Clay Frick or Germany’s Quandt family, who own BMW.[vi]

 We want to make a deal. Understand that we will come for you even if there is no deal. We will not be happy if we must come when there is no deal.

 The deal: You agree to pay higher income taxes sufficient to balance our budget, retire the national debt over time and fix our social policies. Just tell your Congressional minions it is OK to raise our income taxes and expand social programs.

 In return, let you live and keep your assets, just like the New Deal of FDR from 1930. It is what we want today.

 With you, we can balance the Federal budget and pay down the debt by raising tax revenues instead of simply cutting benefit expenditures.

       Eisenhower explained it this way: ‘The super rich could avoid the high taxes by investing their money in things that make America stronger. If they wanted to avoid high taxes, he said they could invest in business expansions and higher employee wages. They could give a million or two to tax-exempt non-profits that feed, house and clothe poor people of America, among other things. They did some of that, but the Eisenhower years generated enough taxes to launch and complete the labyrinth of interstate highways, the largest road project America had ever seen and is needed again.' Dave Peyton, AP news [vii]

 However, instead you choose to maximize your wealth. You tell your Senators and Representatives, or even a SCOTUS judge: 'Kill any proposed laws or regulations which might benefit working people, then approve any laws which reduce income and wealth taxes.'

 CNBC says: 63% of American workers are unable to pay a $500 emergency expense.  [viii]

 You know a storm is coming: you see MAGA violence in the political process. Mob thugs have not come for you … yet.

 You became very rich when you ordered lower income taxes. The US Treasury borrows more money to pay our bills, instead of using income tax revenue from you to pay. We borrow so that you do not have to pay income taxes. That steals from my grandchildren and future, unborn generations; it must stop.

NOTES Prequel: A Declaration [Rant?]

 [i]  Robert Reich [https://robertreich.substack.com/p/billionaires-dont-have-a-right-to]

 [ii]   These Days, the Very Rich Are Very Selfish. It Could Get Ugly. By Guido Alfani, NYT Nov 19, 2023; Mr. Alfani is an economic history professor at Bocconi University in Milan. [https://www.nytimes.com/2023/11/19/opinion/rich-billionaires-philanthropy-covid.html]

 [iii] PUTIN'S PEOPLE: HOW THE KGB TOOK BACK RUSSIA AND THEN TOOK ON THE WEST, Catherine Belton, 2020, Farrar, Strauss and Giroux, New York

 [iv]

THE SCHEME: HOW THE RIGHT WING USED DARK MONEY TO CAPTURE THE SUPREME COURT, Senator Sheldon Whitehouse, Jennifer Mueller, 2022, The New Press, New York.

 [v] Pew Research Center publishes gun deaths in the US:

[https://www.pewresearch.org/short-reads/2023/04/26/what-the-data-says-about-gun-deaths-in-the-u-s/]

 [vi] 

 Rich People From History Who Committed Shady and Evil Deeds - Khalid Elhassan - April 12, 2022, History Collection

 a. Henry Clay Frick.

 In 1880, industrialist Henry Clay Frick and a group of rich Pittsburgh magnates bought the South Fork Dam, an earthen dam that formed an artificial Lake Conemaugh in Cambria County. ...because when the dam was built, it had a system of relief pipes and valves to lower water levels in an emergency. That system had been sold as scrap metal, and never replaced. Between that and the clogged spillway, there was no way to release water in case of an emergency. Such an emergency occurred on May 31st, 1889, and it killed thousands in what came to be known as the Johnstown Flood, after the chief town struck by the disaster.’

 b. Quandt Family, BMW

 BMW. Less known is that its major shareholders, the seriously rich Quandt family, were close friends and admirers of Hitler and the Nazis.

 The study commissioned by the Quandt family resulted in a 1200-page report that concluded: “[t]he Quandts were linked inseparably with the crimes of the Nazis … The family patriarch was part of the regime“. Among other things, the Quandts profited from the Nazis’ “Aryanization Program”, which stripped Jews of their property and turned it over to Germans approved by the new regime. BMW’s owners benefitted greatly from Aryanization: dozens of businesses were seized from rich Jews and handed over to the already rich Quandts.

 [https://historycollection.com/rich-people-from-history-who-committed-shady-and-evil-deeds/]

 [vii] BY DAVE PEYTON Published 10:28 PM PST, January 30, 2019 [https://apnews.com/article/2184e9f18f6f4acca1ed007bdcdca818]

 [viii]  CNBC Survey shows that many working Americans are a single expense away from homelessness.

 [https://www.cnbc.com/2023/08/31/63percent-of-workers-are-unable-to-pay-a-500-emergency-expense-survey.html#:~:text=To%20that%20point%2C%2063%25%20of,employers%20provide%20emergency%20savings%20benefits]


No comments:

Post a Comment