rbreich , to Random
@rbreich@masto.ai avatar

Once again, I just want to say that lavish gifts to Supreme Court justices shouldn’t just be “disclosed.” They should be banned, outright. This should not be a radical position.

grumble209 ,
@grumble209@techhub.social avatar

@rbreich SCOTUS can decide cases however they like. But when they make decisions out of step with society as a whole, they undermine the entire system, losing public respect and paving the way to mob violence.

rbreich , to Random
@rbreich@masto.ai avatar

A history of the top marginal tax rates on the wealthiest Americans:

1940: 81%
1950: 84%
1960: 91%
1970: 72%
1980: 70%
1990: 28%
2000: 40%
2010: 35%

For 50 years, corporate backed politicians in Congress have slashed taxes to line the pockets of their wealthy donors.

andi_al ,
@andi_al@mastodontech.de avatar
arstechnica , to Random
@arstechnica@mastodon.social avatar

Inside the Titan submersible disaster

OceanGate CEO cut corners, ignored warnings, and flat-out lied, leaving five dead.

https://arstechnica.com/gadgets/2024/06/inside-the-titan-submersible-disaster/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

TheNovemberMan ,
arstechnica , to Random
@arstechnica@mastodon.social avatar

GameStop stock influencer Roaring Kitty may lose access to E-Trade, report says

E-Trade fears restricting influencer's trading may trigger boycott, sources say.

https://arstechnica.com/tech-policy/2024/06/gamestop-stock-influencer-roaring-kitty-may-lose-access-to-e-trade-report-says/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

grumble209 ,
@grumble209@techhub.social avatar

@arstechnica Always a little joyful when the ruling class slips their kimono enough that we can see just how much they fear the rest of us.

In the last two weeks, we've been gifted this idiocy of ETrade, and the FAA allowing private jets to fly anonymously. Pretty good, even for an election year.

rbreich , to Random
@rbreich@masto.ai avatar

50 billionaire families have already poured $600M+ into this year's elections — mostly in support of Trump.

That's only 0.6% of their total wealth. It essentially costs them nothing to drown our democracy in dark money.

Longjohnsiver ,
@Longjohnsiver@mamot.fr avatar
rbreich , to Random
@rbreich@masto.ai avatar

The more Trump can tear down democracy, the safer the oligarchy becomes.

This is why the billionaires who once disavowed him are quietly crawling back.

The ultra-rich will do anything to protect their wealth and power.

That includes destroying democracy itself.

captainrob ,
@captainrob@mastodon.social avatar

@rbreich so why not destroy the power structure that keeps putting us in this mess.

rbreich , to Random
@rbreich@masto.ai avatar

Why are multimillionaires and billionaires like Peter Thiel, Rupert Murdoch, Travis Kalanick, Steven Mnuchin, and others are rallying behind Trump?

Yes, the tax cuts. But there's more.

The more Trump tears down democracy, the safer the oligarchy becomes.

TheNovemberMan ,
rbreich , to Random
@rbreich@masto.ai avatar

Where are the editorials calling for Trump to drop out of the race and allow Republicans to choose a non-felon as their nominee?

TheNovemberMan ,

@rbreich The who control the media haven't given that direction yet 🙄
The don't want that idea in the public's mind.

rbreich , to Random
@rbreich@masto.ai avatar

Wall Street tycoon Stephen Schwarzman endorsed Trump yesterday.

He joins a growing list of billionaires who once condemned the former president but are now flocking to his campaign.

Never underestimate how quickly billionaires will sell out our democracy for tax cuts.

CindyS ,
@CindyS@masto.nu avatar

@rbreich

EXACTLY. There is an extremely limited number of billionaires who give a shit about anything except whatever will get them "more". Never forget that to the 1%, the rest of us are just in the way; vermin to be owned, controlled or exterminated. The criminal justice system works for them, and they're looking to fully own the government and courts before this is over.
On the plus side, anyone who gets a billionaire "endorsement" risks triggering red flags. Even for MAGAts.

rbreich , to Random
@rbreich@masto.ai avatar

The CEO-to-worker pay gap at America’s largest companies was 344-to-1 last year.

In 1965, the ratio was 20-to-1.

This explosion in CEO pay relative to the pay of workers isn’t because CEOs have become so much more valuable.

They've just gamed the system to line their pockets.

jstatepost ,
@jstatepost@mstdn.social avatar

@rbreich
🥥 Eye submit that the 344-to-1 pay gap between overpaid CEOs and their employees is fueling low pay for workers in ways that are both obvious -- in the US wealth gap -- and hidden -- as in the inflation of most goods and services.
And don't even get me started on how blatantly the toxic rich are purchasing elected officials, the judicial system, and policing. 🥥
, , , , , ,

rbreich , to Random
@rbreich@masto.ai avatar

Wondering if wealth inequality is out of control?

Well, Jeff Bezos made over $7.9 million an hour last year.

In just 13 minutes, he made the equivalent of what a typical person earns in a lifetime.

Don't tell me that the rich can't afford a wealth tax.

grumble209 ,
@grumble209@techhub.social avatar

@rbreich Recipe for a better world: strong inheritance taxes +

rbreich , to Random
@rbreich@masto.ai avatar

A new CBO report estimates that extending the Trump tax cuts for the next 10 years would add $4.6 trillion to the deficit.

Remember this the next time Republicans propose cuts to Social Security, Medicare, and Medicaid.

The "party of fiscal responsibility" is full of it.

captainrob ,
@captainrob@mastodon.social avatar

@rbreich and where are the Biden tax raises? If Trump gets the credit for the tax cuts, where are the raises that Biden did to put us back to good or better? 4 years is all it took for Trump to lower taxes, why can't Biden do the reverse? Cause maybe it's a rigged system?

rbreich , to Random
@rbreich@masto.ai avatar

The top 0.1% of Americans control $20 trillion in wealth.

The bottom 50% control $3.7 trillion in wealth.

Read that back.

Folks, this is what oligarchy looks like.

grumble209 ,
@grumble209@techhub.social avatar

@rbreich The 99.9% have yet to

Folks, this is what apathy looks like.

rbreich , to Random
@rbreich@masto.ai avatar

America's 813 billionaires now collectively hold a record $5.8 trillion.

That’s more than the wealth of the entire bottom half of the US, roughly 65 million households.

It's not radical to tax the rich. It's radical to allow this level of wealth concentration to continue.

grumble209 ,
@grumble209@techhub.social avatar

@rbreich until the rich *want *to pay their taxes.

rbreich , to Random
@rbreich@masto.ai avatar

What do these corporations have in common?

Netflix
Ford
Tesla
T-Mobile
Duke Energy
DISH Network
Metlife
Dominion Energy
United States Steel

In recent years, they all paid their execs more than they paid in taxes.

This is what a corporate-rigged system looks like.

grumble209 ,
@grumble209@techhub.social avatar

@rbreich until they want to pay their taxes.

rbreich , to Random
@rbreich@masto.ai avatar

44 million Americans — including 13 million children — are food insecure.

Meanwhile, America's 813 billionaires are now worth a combined $5.7 trillion.

Our problem isn’t an issue of resources.

Our problem is ever-expanding wealth inequality.

TheNovemberMan ,
rbreich , to Random
@rbreich@masto.ai avatar

Billionaires don’t care that Trump wants to free Jan 6 insurrectionists.

They don’t care that he says he'll be a dictator on “day one.”

They don’t care that he calls opponents “vermin” to “root out.”

All they care about is more tax cuts.

This is why they've returned to Trump.

TheNovemberMan ,
Stupidmanager , to Work Reform in there is Indeed a problem

Well, problem 1 is using indeed. What an obsolete site for most places. But i get the joke.

Not that prospects are much better elsewhere. Like LinkedIn for instance with their “click here for instant apply” and then you see that you’re one of 50 people (today) to apply for this open role and some AI in the background estimated based on your profile that you have 22% chance of getting the job BUT if you pay for premium you can knock that 22% up to 50% and an AI writes you a better profile…

I really do feel sorry for the crap the boomer gen and even my generation (genx) has left every generation after.

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