“I have a dream.” ~MLK~
This will end when we the people finally realize, it’s not D’s against R’s, that’s a distraction, but the 1% against the rest of us. We’re getting there, but the fight’s just getting started.
Rudolph Steiner had the answer , social three folding .
Separate Economics from Politics and Cultural Life .
Neoliberals are as hopelessly brainwashed as Trumpites. They honestly believe that the Democratic Party is the better party and is going to save us. They still idolize Obama every bit as much as the MAGA hat wearing yahoos idolize Trump. They don’t want to change anything, except to get rid of Trump. They just want to go back to the “good old days” of Obama. Hell, they would even go back to the days of Bush and call that progress.
With the estate tax what is the the amount of money when you start paying estate tax?
Over $5 million, $10 million or? is when you start paying taxes, nothing on the first how many millions? I googled it and it is $11,580,000. A few years back the gift tax and not taxable until over $28,000. How many of us have estates over $11,580,000?
We the people have been led to believe it is a death tax which it isn’t. We here in America since our founding fathers fought a war against the King of England so we were free people who did not support dynasties and we did not create dynasties.
Hopefully this pandemic, the killing of another black man and Bernie Sander campaigns in 2015/2016 and 2019/2020. He has made millions aware of the dysfunction of our congress, neoliberalism, and leader gone mad. About the huge inequalities created by the 1% paying off our politicians and institution leaders to do their bidding. Hiring lobbyists to lobby all of the above and even writes the laws for them that they want passed.
A good article about Andrew Mellon and the politics of the early '20s but this writer did nothing to expound upon the theme of his essay.
It should be clear to anyone who does not worship at the altar of capitalism, and especially crony capitalism, how immoral it is to even allow anyone to ascend to the heights of billionaire status in a supposedly “democratic” country where so much poverty is still allowed to exist, where health care is not considered a human right but a privilege of wealth, where a college education is likewise a privilege of wealth, and where the working people who contribute so mightily to the success of corporate tycoons are treated like cogs in the machinery and paid poverty wages.
Not only does our duopoly allow billionaires to exist but they keep shoveling more and more weatlh into their coffers, all the while perpetuating the lie that greed is good, that trickle-down economics ‘lifts all boats’ and that those who are on the margins or living in outright poverty are simply losers and therefore not to be concerned with. They justify their greed by viewing poverty as a law of nature and that no political or economic system could ever eradicate it, therefore it is only natural, in their eyes, to allow greed to exist.
Capitalism in its early stages was seen as an antidote to the class divisions that existed under monarchical rule, but capitalism unchecked, as it has been in the U.S. for at least the past 40 years, has created class divisions that are every bit as steeped in aristocratic hubris and entitlement that existed prior to the French Revolution. Time for another revolution.
Andrew Mellon and Herbert Hoover were the architects of compounding damage to the 99% during the early years of the Great Depression (1929-32).
More recently the Dubya regime (and subsequently the Obama regime) showered boatloads of taxpayers’ money on New York Mellon Bank to “manage” the funding of many 2008 crash remedial programs.
Anything with the name Mellon on it for more than a century has been part of the problem, working against any solutions.
My serial CD posts during the past 16 years have reminded readers that, historically, periods of resource equality (income, wealth, etc.) such as the compression of resource distribution from 1933 to 1980, have seen progress on issues of race, gender and other civil rights issues.
Eras of divergence of resource distribution (pre-1933, 1980 to present) have seen increased racial and other civil strife.
No matter how many resolutions, policies, regulations and laws are passed during the coming months and years, no meaningful progress on these issues will be made until the 40 year divergence of resource distribution is reversed.
If GHG emissions are not stopped by 2025 … no need to say more … for anyone who wants to know: Internet search Dr. Will Steffen or “The Big U-Turn Ahead: Calling Australia to Action on Climate Change” on utube.
Well said, rotten
Until we have a public that understands how Capitalism works, how and why Class systems exist, societal poverty will persist.
It’s a learning curve.
If we don’t stop capitalism in the next decade humanity won’t see the 22nd Century
Is this helpful? This is a mishmosh of stuff on neoliberalism. Sorry its not just one link…
Not just the 1%, but the 0.01%. One of Mellon’s big accomplishments was to reduce the taxes of the very richest Americans (the oligarchs) relative to everyone else, including the rest of the 1%.
In 1920, someone making $35,000 (about $475,000 in today’s dollars) had a marginal tax rate of 24%. The top tax rate, for those earning over $1,000,000 ($12,800,000 in today’s dollars) was 73%, more than triple. (Today, the top 0.01% threshold is about $7,500,000.)
By 1927, Mellon and pro free market administrations he worked in dropped the top tax rate to 25%, while the “poor” 1% only had theirs reduced to 15%.
Today, the numbers are 35% for those earning $475,000 (the 1%), and a top marginal rate of 37%, almost no difference.
The oligarchs have an army of accountants, lobbyists, think tanks, and elected representatives to ensure that they don’t pay their fair share.
Well, I wonder if it will make Black and Hispanic and women workers in the public sector feel any better to see Indian and African firms take their jobs instead of European or US firms?
The idea is to give the poorest most exploited countries top firms extra preferences in getting outsourced service jobs.
This kind of thing is what I mean.
"America has given the ***** people a bad check, a check which has come back marked “insufficient funds…We refuse to believe that there are insufficient funds in the great vaults of opportunity of this nation. And so we’ve come to cash this check, a check that will give us upon demand the riches of freedom and the security of justice”
The roots of neoliberalism?
This is a review of (By Amartya Sen) and the first chapter from a book about famines as managed by the British in India.
They couldn’t have possibly been worse. Many millions of people died.
Chapter 1 of “Late Victorian Holocausts”
If you want to take power away from the powerful, it is not going to happen with decorum and civility. It requires being strategic, playing hardball and willing to get your hands dirty and fight hard. Which means none of that Sanders “Joe Biden is my friend”/the Squad writing polite letters to Pelosi etc pussying around. That just gets you, literally, laughed out of the room.
Remember, as Frederick Douglass put it, "Power concedes nothing without a demand. It never did and it never will. Find out just what any people will quietly submit to and you have found out the exact measure of injustice and wrong which will be imposed upon them, and these will continue till they are resisted with either words or blows, or with both. The limits of tyrants are prescribed by the endurance of those whom they oppress.”
Voting for the lesser evil, compromising with fascists and bad faith actors and keeping things as they are are the road to ruin.
Great article …but only part of the story .
Andrew Mellon was the Secretary of the Treasury under President Herbert Hoover, and owner of the 6th largest bank at the time, Mellon Bank. His bank was the primary financial support of a petrochemical company by the name of . DuPont was developing and patenting many different forms of synthetics from fossil fuels including the synthetic rubber, plastic, rayon, and paint that GM used to coat their cars. However, Mellon Bank was most heavily invested in DuPont’s sulfur-based process of turning wood fiber into usable paper.
This screwed Hemp and Cannabis over for the common good of humanity …look where we are now .Life could be so different if we had substituted Hemp for nonrenewable resources .
Think of the benefits .
Greed and self interest kicked that into touch.
End all billionaires NOW…Get money out of politics TODAY.
We have been played like fiddles for too long .
What 22nd century?.. Humans, will NOT have a 22nd century, they’ve got to be kidding, right?