The 2019 equivalent of breaking up the Trusts and instituting progressive taxation could be replicated in a more modern form by emancipating the Corporations and by adopting a system of taxation where the taxes are dynamically adjusted to maintain an agreed upon distribution of wealth and income in society.
By emancipating the Corporations what I am referring to is the freeing of all corporations from any and all ownership by other corporations. Only flesh and blood people would own corporations. A corporation that is solely owned by flesh and blood people can exist and care about purposes beyond making money, whereas a corporation that is owned by a holding corporation becomes an abstraction valued and measured by its ability to make or hide money and control. I assert here that it is the leveraging of control and wealth that is made possible by corporations owning other corporations that has enabled much of the concentration of power and wealth that we see today, and that emancipating the corporations from ownership by other corporations will go a long way in dismantling the powerful control systems of the Oligarchy.
The purpose of having an agreed on distribution of wealth and income, and then automatically adjusting taxation to maintain that distribution is that the taxes can be adjusted automatically without political interference and the wealth of the “winners” would be automatically constrained. By automatically constraining the wealth of the most wealthy we can keep their wealth and power small enough that they do not again form an Oligarchy powerful enough to wrest control of the country from the People.
A third major reform needed would be to better balance the creation of money between the private financial interests and the government. Currently there is almost no balance as the creation of money is monopolized by private financial interests and our governments do not create money and must instead borrow from the wealthy who we do not adequately tax. We, through our governments, need to be involved in the discussion of how much money circulates through the country and we, through our governments, need to be involved in creating much of that money and in deciding who gets to create the money. Money is the blood of our society that enables the transport and exchange of resources and products and human energy. As in our body when blood does not flow to where it is needed we get gangrene forming, with society when money does not flow to where it is needed we get an equivalent to this gangrene in our societies. It is time that we, though our governments created a significant portion of the money and put it where needed. The wealthy would be able to invest to provide needed services to get much of that money, but in doing so the money will flow through more hands than in the present system where the flow of money is largely being short-circuited to the rich while bypassing us almost completely.
The fourth major reform would be to once again push to implement the rights promised in the Universal Declaration of Human Rights.
Return to Eisenhower-Era Pro$perity?
Return to Eisenhower-Era Tax Rate$!!
Reminds me of the movie, “The Wizard of Oz” where the scarecrow kept saying, "If I only had a brain."
95 to 97% of those who vote in each and every election, vote to prolong the Oligarchy.
If they only “used” their brains, perhaps a true progressive party would prevail.
Who knows, Lightning might strike.
BS Robert Reich to your headline:
"The typical American has no influence at all"
The citizen can vote with lifestyle and the wallet, in addition to the vote.
The citizens are currently out to lunch.
Waiting for wealth to be equally distributed is a fool’s errand, and I am tired of fools,
It means rich people buy politicians to achieve their own goals at the expense of every other person in the world today.
Are you saying that the rich people are buying the politicians and are using our money to make the purchase?
Oligarchy means revolution. The monied interests behavior is the same as the crack addict: “I don’t know why I need more wealth; I just do.”
The only hope at this point is that US military leaders are schooled in History and the Constitution. When the gun toting right-wing jarheads realize they’ve been screwed [by themselves], they will start into the streets; beginning (as they already have) with the “typical” scapegoats of their ignorant rage; Jews (for some strange reason no one can understand), minorities (even though women are not an actual minority), and the “not-religious-enough”.
Insane how talking apes can’t seem to rise past this phenomena? One thing is for sure; having lots of wealth is in no way correlated with intelligence; look who they elected! Sad, so sad.
Concerning the politics behind the ‘Wizard of Oz’ this might interest you, ponyboy
Concentrated wealth in few hands delivers the ability to dominate others lives. The corresponding corruption and diminution of government role to serve the Common Good of society is likewise empowered to the great detriment of society…
Some relevant quotes come to mind.
“The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism - ownership of government by an individual, by a group, or by any other controlling private power.” - Franklin Delano Roosevelt
**“Government is instituted for the common good; for the protection, safety, prosperity, and happiness of the people; and not for profit, honor, or private interest of any one man, family, or class of men; therefore, the people alone have an incontestable, unalienable, and indefeasible right to institute government; and to reform, alter, or totally change the same, when their protection, safety, prosperity, and happiness require it.”– John Adams
"Of all the enemies of true liberty, war is, perhaps, the most to be dreaded, because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes; and armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few. In war, too, the discretionary power of the Executive is extended; its influence in dealing out offices, honors and emoluments is multiplied; and all the means of seducing the minds, are added to those of subduing the force, of the people. The same malignant aspect in republicanism may be traced in the inequality of fortunes, and the opportunities of fraud, growing out of a state of war, and in the degeneracy of manner and of morals, engendered in both. No nation can preserve its freedom in the midst of continual warfare.
"In war, the honors and emoluments of office are to be multiplied; and it is the executive patronage under which they are to be enjoyed; and it is the executive brow they are to encircle. The strongest passions and most dangerous weaknesses of the human breast; ambition, avarice, vanity, the honorable or venal love of fame, are all in conspiracy against the desire and duty of peace" - James Madison
“The typical American has no influence at all.”
Calling BS on that. Two words for you professor: “Donald Trump”.
All the money and influence of the oligarchy, both dem and republican, could not sop him from being elected. Hillary, the epitome of the oligarchy and political dynasty had to tuck tail and call it a day.
Are you insinuating that Trump did anything more than market himself as an outsider unbeholden to the oligarchy? Because if anything, the voters showed nothing more than their disdain for business as usual by electing Trump. Of course, Trump has revealed himself to just another friend to the oligarchs – less politically correct, more uncouth, but just as loyal to monied interests.
That’s a cool handle, Clessandra.
Are you a member of the Long Island branch of the Pippenschnott clan?