Ruling Class

Secret Guilt, Secret Wealth

May 26, 2016 Dariel Garner, www.popularresistance.org Educate! Ruling Class, Wealth

By Dariel Garner for Popular Resistance - Offshore companies and secret bank accounts not only conceal tax evasion, fraud and other illegal activities; they are also, where the wealthy hide their guilt. The great fortunes of the wealthy do not come from brilliance and hard work. Great fortunes come from taking market control, from overcharging customers, short changing suppliers or treating employees as slaves. Remember, Salk and Sabin never made a nickel off their polio vaccines. Buckminster Fuller and Einstein did not die as rich people.

Welcome To 1984

May 16, 2016 Chris Hedges, www.truthdig.com Educate! Corporations, Ruling Class

By Chris Hedges for Truth Dig - The artifice of corporate totalitarianism has been exposed. The citizens, disgusted by the lies and manipulation, have turned on the political establishment. But the game is not over. Corporate power has within its arsenal potent forms of control. It will use them. As the pretense of democracy is unmasked, the naked fist of state repression takes its place. America is about—unless we act quickly—to get ugly. “Our political system is decaying,” said Ralph Nader when I reached him by phone in Washington, D.C. “It’s on the way to gangrene. It’s reaching a critical mass of citizen revolt.”

Biggest Threat To 99% Not The 1% But The .1% We Are The 99.9%!

April 18, 2016 Lynn Stuart Parramore, www.alternet.org Educate! Class Struggle, Ruling Class

By Lynn Stuart Parramore for AlterNet - “We are the 99 percent” is a great slogan, but is it distracting our attention from a sinister reality? There’s strong evidence that it’s not the 1 percent you should worry about—it’s the 0.1 percent. That decimal point makes a big difference. Over the last decade, a gigantic share of America’s income and wealth gains has flowed to this group, the wealthiest one out of 1,000 households.

Panama Papers’ And The Shadow World Of Finance

April 12, 2016 James S. Henry, John Christensen, and Nick Mathiason, www.taxjustice.net Educate! Ruling Class, Tax Evasion, Taxes

By James S. Henry, John Christensen, and Nick Mathiason for Tax Justice Network - On Monday, April 11, 2016, on Clearing The FOG Radio, Margaret Flowers and Kevin Zeese discussed the release of the ‘Panama Papers’ which provide a glimpse of the secret world of shell companies used by the rich to hide their wealth and avoid paying taxes. We explore what’s going on with James Henry of the Tax Justice Network and Chuck Collins of the Institute for Policy Studies. It is time for Congressional action to ensure tax justice and stop the hiding of trillions of dollars of individual and corporate wealth in "offshore" accounts...

Wall Street Should Pay A Sales Tax, Too

April 7, 2016 Sarah Anderson, www.otherwords.org Create! Ruling Class, Taxes, Wall Street

By Sarah Anderson for Other Worlds - In case there was any doubt, the presidential election fight has confirmed that blasting Wall Street, even eight years after the financial crisis, is still a vote-getter. Hillary Clinton has said she’d like to jail more bankers. Donald Trump has skewered the hedge fund managers who are “getting away with murder.” And Bernie Sanders has made Wall Street accountability a centerpiece of his campaign.

This Is Much Worse Than The Panama Papers

April 7, 2016 David Dayen, www.salon.com Educate! Capitalism, Corruption, Panama Papers, Ruling Class

By David Dayen for Salon - Often when I’m sitting in bumper-to-bumper traffic on one of L.A.’s many freeways, my mind drifts to wondering if there’s some special autobahn above the horizon line reserved only for elite celebrities, so they don’t have to bother with the day-to-day inconveniences of the masses. That feeling returned when I read about the Panama Papers, a blockbuster release of 11 million documents from 40 years of work by one of the world’s leading specialists in tax avoidance.

Dance To The Panama Papers ‘Limited Hangout’ Leak

April 7, 2016 Staff, www.telesurtv.net Educate! Capitalism, Leak, Panama Papers, Ruling Class

By Staff of Tele Sur - This sets the scene for the Panama Papers leak – a massive hoard of 11.5 million documents allegedly leaked from someone inside offshore heavies Mossack Fonseca to the center-left, NATO-friendly Suddeutsche Zeitung newspaper in Munich and then shared by the ICIJ with selected mainstream media partners. Even without a smoking gun, a case can be made this alleged most massive leak ever was obtained by – what else – U.S. intel. This is the kind of stuff the NSA excels at. The NSA is able to break into virtually any database and/or archives anywhere; they steal “secrets;” and then selectively destroy/blackmail/protect assets and “enemies,” according to USG interests.

Panama Papers Could Lead To Capitalism’s Great Crisis

April 5, 2016 Rana Foroohar, www.time.com Resist! Capitalism, Panama Papers, Ruling Class

By Rana Foroohar for Time - It’s hard to know where to start in tallying up the explosive revelations in the Panama Papers, an analysis of leaked documents from global law firm Mossack Fonseca revealed by the International Consortium of Investigative Journalists (ICIJ). Yes, we’ve known for a while now that the shadow financial system was growing. But it’s another thing to take in 11.5 million documents showing the way in which Mossack Fonseca was working with big name financial groups like UBS, HSBC, Société Générale, and many others to help elites from the Communist Party leadership of China, to soccer star Lionel Messi, to global financiers hide cash in offshore havens around the world.

‘Panama Papers’ Demonstrates Global Wealth Corruption

April 4, 2016 Deirdre Fulton, www.commondreams.org Educate! Corruption, Panama, Ruling Class

By Deirdre Fulton for Common Dreams - An anonymous source, an enormous cache of leaked documents, and a year-long investigative effort by around 400 journalists from more than 100 media organizations in over 80 countries have yielded the Panama Papers, an unprecedented look at how the world's rich and powerful, from political leaders to celebrities to criminals, use tax havens to hide their wealth. The investigation went live on Sunday afternoon.

It’s Class War, And Their Class is Winning

March 26, 2016 Alfredo Saad Filho, www.socialistproject.ca Educate! Class Struggle, Ruling Class

By Alfredo Saad Filho for The Bullet, Every so often, the bourgeois political system runs into crisis. The machinery of the state jams; the veils of consent are torn asunder and the tools of power appear disturbingly naked. Brazil is living through one of those moments: it is dreamland for social scientists; a nightmare for everyone else. Dilma Rousseff was elected President in 2010, with a 56-44 per cent majority against the right-wing neoliberal PSDB (Brazilian Social Democratic Party) opposition candidate. She was reelected four years later with a diminished yet convincing majority of 52-48 per cent, or a majority of 3.5 million votes.

Brazil Engulfed By Ruling Class Corruption

March 19, 2016 Glenn Greenwald, Andrew Fishman, and David Miranda, www.theintercept.com Educate! Brazil, Corruption, Ruling Class

By Glenn Greenwald, Andrew Fishman, and David Miranda for The Intercept - THE MULTIPLE, REMARKABLE crises subsuming Brazil are now garnering substantial Western media attention. That’s understandable given that Brazil is the world’s fifth most populous country and eighth-largest economy; its second-largest city, Rio de Janeiro, is the host of this year’s Summer Olympics. But much of this Western media coverage mimics the propaganda coming from Brazil’s homogenized, oligarch-owned, anti-democracy media outlets and, as such, is misleading, inaccurate, and incomplete...

Do We Really Need A Billionaire Class?

March 7, 2016 Staff, www.inequality.org Create! Class Struggle, Ruling Class

By Staff of Inequality - In the struggle against economic inequality, historian and political economist Gar Alperovitz tends to take the long view. That may be at least partly because Alperovitz has been at that struggle for quite a long time. Back in the 1960s, for instance, Alperovitz worked with Dr. Martin Luther King Jr. and his aides to explore the potential of an alternate economic order built upon community-owned enterprise. Alperovitz has always had a foot in both the activist camp of what could be and the political reality of what we can accomplish right now.

5 Reasons The Top Tax Rate Should Be 80 Percent

February 17, 2016 Paul Buchheit, www.commondreams.org Educate! Ruling Class, Taxes

By Paul Buchheit for Common Dreams - It came up in the Republican debate again, the curious notion that striving for less inequality is somehow a form of "class warfare." The implication is that the richest people earned everything they have through their own initiative and hard work. But most of them have exploited an American financial system that has facilitated the transfer of our national wealth to the people who manage that wealth. Informed Americans understand that an economic war has been waged against the middle and lower classes. As a result, there are at least five good reasons why the tax rate on the upper classes should be MUCH higher.

100 Billionaires Give More Than 2.2 Million People To Campaigns

February 9, 2016 Kenneth P. Vogel and Isaac Aarnsdorf, www.politico.com Educate! 2016 Elections, Campaign Finance, Ruling Class

By Kenneth P. Vogel and Isaac Aarnsdorf for Politico - The 100 biggest donors of 2016 cycle have spent $195 million trying to influence the presidential election ― more than the $155 million spent by the 2 million smallest donors combined — according to a POLITICO analysis of campaign finance data. The analysis found that the leading beneficiaries of checks from the top 100 donors were Jeb Bush’s floundering campaign for the GOP nomination (a supportive super PAC received $49 million from donors on the list), Democratic front-runner Hillary Clinton (super PACs dedicated to her raised $38 million from top 100 donors) and Ted Cruz’s insurgent GOP campaign ($37 million).

We Can’t Afford These Billionaires

February 8, 2016 Daniel Raventós and Julie Wark, www.counterpunch.org Educate! Inequality, Ruling Class, WEF

By Daniel Raventós and Julie Wark for Counter Punch - In its 2015 report the World Economic Forum, aka the globe-grabbing business elite, pronounced from its opulent mountain fastness in Davos that, “Inequality is one of the key challenges of our time.” Paying $25,000 to attend this billionaires’ bash, and that’s after shelling out the compulsory $52,000 WEF membership fee, the said elite isn’t pronouncing on inequality out of any empathy for the poor and oppressed. This becomes perfectly clear on page 38 of the Global Risks Report 2016 where the reader is informed that inequality has consequences...

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