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Old 12-30-2006, 02:38 AM   #29 (permalink)
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Quote:
Originally Posted by powerclown
There is no earthly substitute for brains and determination.
No government intervention can reallocate them, either......

I laugh when I hear/read how the upper classes need to do more for the lower ones.
Sorry, it simply doesn’t work that way.
Life isn’t a Panglossian Utopia.
Go read our world history. Past is indeed prologue.
There is no substitute for brains and determination. None.......
powerclown, welcome back !

Whether we realize it, or not, we are all involved in the struggle of our lives, and it has been ongoing since at least the beginning of the industrial revolution. Since that time, and probably earlier, most of us and our ancestors have been involved in a life or death competition with those who control the bulk of the wealth, and hence, the political power.

These elite are very serious about this competition, but the question is, are we?

Here's where "we" were....here's what they are doing to take and keep a larger portion of the "pie". The main ingredients of the "pie" are the assets of the country, and the the amount of political influence each side can summon to legislate/regulate or achieve via executive decree, what it perceives to be in it's own best interests.

In 2005, the Gini coefficient in US households<a href="http://www.census.gov/hhes/income/histinc/f04.html">reached .44</a>, from a low of .349 when Lyndon Johnson left office in 1969.

"We" are losing this struggle, and the "losses" can be measured. I don't think that it matters whether a 90 percent "top tax rate" was "fair", or whether 50 percent inheritance taxes levied against millionaire dollar plus estates, was "fair".

Here is what the richest are doing to compete....to change the status quo that is already moving in their direction at a disturbingly impressive rate:
Quote:
http://www.citizen.org/pressroom/release.cfm?ID=2182
April 25, 2006

Public Citizen and United for a Fair Economy Expose Stealth Campaign of Super-Wealthy to Repeal Federal Estate Tax

Report Identifies 18 Families Behind Multimillion-Dollar Deceptive Lobbying Campaign

WASHINGTON, D.C. – The multimillion-dollar lobbying effort to repeal the federal estate tax has been aggressively led by 18 super-wealthy families, according to a report released today by Public Citizen and United for a Fair Economy at a press conference in Washington, D.C. The report details for the first time the vast money, influence and deceptive marketing techniques behind the rhetoric in the campaign to repeal the tax.

It reveals how 18 families worth a total of $185.5 billion have financed and coordinated a 10-year effort to repeal the estate tax, a move that would collectively net them a windfall of $71.6 billion.

The report profiles the families and their businesses, which include the families behind Wal-Mart, Gallo wine, Campbell’s soup, and Mars Inc., maker of M&Ms. Collectively, the list includes the first- and third-largest privately held companies in the United States, the richest family in Alabama and the world’s largest retailer.

These families have sought to keep their activities anonymous by using associations to represent them and by forming a massive coalition of business and trade associations dedicated to pushing for estate tax repeal. The report details the groups they have hidden behind – the trade associations they have used, the lobbyists they have hired, and the anti-estate tax political action committees, 527s and organizations to which they have donated heavily.

In a massive public relations campaign, the families have also misled the country by giving the mistaken impression that the estate tax affects most Americans. In particular, they have used small businesses and family farms as poster children for repeal, saying that the estate tax destroys both of these groups. But just more than one-fourth of one percent of all estates will owe any estate taxes in 2006. And the American Farm Bureau, a member of the anti-estate tax coalition, was unable when asked by The New York Times to cite a single example of a family being forced to sell its farm because of estate tax liability......
Until recently, capital gains taxes were at least as large, as a percentage, as income taxes levied on earned income. Each of these changes, shifts some of the tax burden away from the richest few, and onto the rest of us. The changes are symptomatic of increasing political influence of the rich, and diminishing political influence of the rest of us.

The result is a significant shift in who possesses what percentage of the "pie", and as the OP article stated, the quality (i.e. liquidity, appreciation, maintenance costs, risks.....) of the assets controlled by each of the two competing groups.

This discussion is not about entitlement expectations from government. It is about the lack of reaction to the very real erosion of the bulk of the US population's wealth and it's political influence on the agenda of it's federal government. The government should be acting in the best interests of the most people, while protecting the rights and property of the least of us.

It is not doing that.....it hasn't since sometime during Nixon's administration. The result is that a Moroccan, for example, who achieves citizenship in France can rest assured that his savings and property will not be wiped out by an unplanned illness (are there planned illnesses ?), if he becomes unemployed or is unable to work, he is eligible for government benefits, and the government will provide medical treatment to deal with his illness.

In contrast, in the US, thanks to the campaigns in 1993 by insurance and medical industry opponents of Clinton admin. health care reform, a relatively small PR investment <a href="http://en.wikipedia.org/wiki/Harry_and_Louise">(Harry & Louise ads)</a> resulted in the destruction of the agenda to provide a safety net of government managed medical care that our Moroccan in Paris example can rely on.

The bankruptcy "reform" bill was passed last year and signed into law by president Bush. Passage of that legislation was long a goal of the banking and credit card company lobbies. When it was passed by the house and senate towards the end of the Clinton administration, the president refused to sign it. and the house and senate did not have the votes to override his veto.

The two senators and all of the republican house delegation from Georgia voted for the "reform" bill, and voted against all amendments proposed by democrats that would have exempted households filing for bankruptcy that could prove illness as the cause of insolvency. Even though the effect of the new "reform" law was that everyone contemplating filing for chapter 11 bankruptcy, filed in record numbers before the new "reform" law went into effect last October 17, here was today's headline:
Quote:
http://news.google.com/news/url?sa=t...29a.html&cid=0
Georgia leads nation in bankruptcy filings
Creditor-friendly laws, not economic conditions, drive debtors to court --- especially with a home foreclosure on the horizon

By Carrie Teegardin
The Atlanta Journal-Constitution
Published on: 12/29/06

Georgia is positioned to earn an unfortunate new distinction: bankruptcy capital of the nation.

During the first three quarters of 2006, more bankruptcy petitions were filed in Georgia than in any other state, according to an Atlanta Journal-Constitution review of bankruptcy statistics.

The state's rise to the top of the statistical heap follows the most sweeping changes to federal bankruptcy laws in a generation, which took effect in October 2005. A rush of filings ahead of the new requirements sent bankruptcies soaring to record levels last fall; that rush was followed by a sudden and steep drop in bankruptcies under the new law.

During this erratic period for bankruptcy filings, Georgia jumped to the top not because of any startling new trend, but because filings didn't decline as much here as in other large states.

For example, in California, which usually tops the charts, filings were 75 percent lower in the first three quarters of 2006 than in the same period of 2005. In Georgia, filings dropped by 51 percent during that period.

Even so, Georgia stands out not only for its raw numbers of bankruptcies, but also for the number of filings relative to the state's population. Only Tennessee had more filings per 1,000 residents than Georgia, according to the AJC analysis.......
Has the bankruptcy "reform" lowered the rate of interest or the terms of any of your credit card or consumer loans? The rates levied were high enough before the "reform", to cushion the small level of default protected by former chapter 11 bankruptcy law. The "reform" was simply a windfall profit, bought by a small, in proportion to the gain, lobbying effort by large money center banks who own politicians like Sen. Joseph Biden D-MBNA, who voted for the "reform", despite it's impact on his won Delaware constituents and despite the refusal of republicans to be influenced by a Harvard study which found that 50 percent of household bankruptcy filings were caused by illness, ironically, mostly in households that enjoyed private medical insurance benefits.

If you've read Russ Winter's article linked in the OP, consider one of his conclusions because it supports my point that in this "struggle" the rich hold and allegiance only to themselves and their own profits, not to a country:
Quote:
http://wallstreetexaminer.com/blogs/...p=228#more-228
....My conclusions:

* Short of a depression with wide scale consumer debt defaults, or large scale civil disorder, the financial condition of the wealthiest 1% gives the impression of being untouchable. <b>The weak link in this group’s armor is that they have moved much of the means of production (GaveKal’s platform companies) to potentially unstable or even unfriendly foreign countries such as China.</b> In the process they have also exposed the US economy (and themselves) to supply chain disruption, in addition to over dependence on the “kindness of strangers” for more large scale external borrowing at cheap, plentiful rates.
My genes are "weary" from the moves that the last five generations have been forced to make to chase opportunities to sell their labor to the highest holder of capital, and as Russ Winter commented, they've moved many of the former US job opportunities to China, to further enhance their profits.

I am not a violent person, but I am an observant one. I think that is counterproductive to renounce it as an option in this competition. At least four of my ancestors fought under Washington in the continental army in the American revolution....Begin, Rabin, and Shamir certainly never renounced violence to achieve the founding of their state of Israel

I once had a quote from Ghandi as my "sig" here at TFP. Ghandi preached non-violence, and he was killed by an assassin. Nelson Mandela and his ANC would probably never have achieved liberation from white supremacy in South Africa if they had renounced violence.

Martin Luther King Jr. preached non-violence and like Ghandi, he too was assassinated. Here's a sample of what is now happening to his "dream":
Quote:
http://www.palmbeachpost.com/busines...bush_1224.html
Executive power: Jeb Bush's assertive style has earned him a love-hate place in Floridians' hearts

By Frank Cerabino

Palm Beach Post Staff Writer

Sunday, December 24, 2006

........Six years ago, [Jeb] Bush became the focus of sit-ins and protests by black leaders, who were blindsided by his decision to end affirmative action as a tool for admission in the state university system.

Bush replaced the affirmative action program with one that guaranteed state university admission to Florida high school seniors graduating in the top 20 percent of their classes.

Despite his predictions of greater inclusiveness, <b>the result has been that black freshmen enrollment has fallen from 17.6 percent to 14.1 percent in Florida's state universities under the One Florida Initiative.</b>

Bush has blamed the decline on other factors, while being lauded by social conservatives for the move. .........
I'm all for organizing and participating in non-violent protests and in civil disobedience, but my experience is that you don't get taken seriously by the opposition when you do only that, and I predict that it will be the heavy handed responses of the "authority" controlled by the rich who will react first with violence against those engaged in non-violent protests.

The competition in this class warfare to stop the ever rising Gini number and the incessant reduction of our portion of the pie....a war to get our government out of their hands and back into ours, must begin with discussions like....this one. The reaction, so far, seems to indicate that many are not inclined to do that. I ask what the harm is in an exercise like this one. And.....if we refuse to discuss it now.....when will it be appropriate to do so. The Gini number in Japan is about .25, in Canada and in Europe, it is much lower than in the US. Mexico is Gini .54 and violence is the predicted reaction when it reaches .60.

Why would anyone defend the politics and the economic system that the US currently operates in, when it appears to be taking our living and our social conditions in a direction that is closer to the circumstances experienced in Mexico, than in Japan, Italy, or in Canada?

Consider the steps that our opposition has already taken, how much they have achieved in tax reduction, in bankruptcy protection laws, and in eroding our rights to privacy, due process, and 4th amendment protection. They created DHS, and we are on the verge of needing permission from that agency to leave the country, unless we walk or swim away.

They've got control of the pentagon, and they've even created their own mercenary armies:
Quote:
http://www.thenation.com/docprint.mh...0605&s=scahill
In the Black(water)

by JEREMY SCAHILL

[from the June 5, 2006 issue]

........<b>It's hard to imagine that the cronyism that has marked the Bush Administration is not at play in Blackwater's success. Blackwater founder Erik Prince shares Bush's fundamentalist Christian views. He comes from a powerful Michigan Republican family and social circle, and his father, Edgar, helped Gary Bauer start the Family Research Council.</b> According to a report prepared for The Nation by the Center for Responsive Politics, in all of Erik Prince's political funding generosity since 1989, he has never given a penny to a Democrat running for national office. Company president Jackson has also given money to Republican candidates. For his part, Joseph Schmitz--the former Pentagon Inspector General turned general counsel to Blackwater's parent, The Prince Group--lists on his résumé membership in the Sovereign Military Order of Malta, a Christian militia formed before the First Crusade. Like Prince, he comes from a right-wing family; his father, former Congressman John Schmitz, was an ultraconservative John Birch Society director who later ran for President. Joseph Schmitz was once in charge of investigating private contractors like Blackwater, but he resigned amid allegations of stonewalling investigations conducted by his department. He now represents one of the most successful of those contractors.

Schakowsky charges that the Administration has written Blackwater "blank checks," saying that the internal DHS review of the company "leaves us with more questions than answers." She points out that <b>the report fails to address the major issues stemming from deploying private forces on US streets.</b> In her testimony this past September, Schakowsky said, "Ask any American if they want thugs from a private, for-profit company with no official law-enforcement training roaming the streets of their neighborhoods. The answer will be a resounding NO."

Blackwater's ascent comes in the midst of a major rebranding campaign aimed at shaking its mercenary image. The company is at the forefront of the trade association of mercenary firms, the International Peace Operations Association, which lobbies for even greater privatization of military operations. Blackwater and its cause have clearly found serious backing in the Bush Administration. Hiring Blackwater, says Schakowsky, "may be legal, but it is not a good deal for taxpayers and Gulf region residents in particular." Blackwater's sweetheart deals, both domestic and international, are representative of how business has been done under Bush. They are a troubling indicator of a trend toward less accountability and transparency and greater privatization of critical government functions. It's time that more members of Congress ask tough questions about Blackwater and its rapid, profitable rise. .........
I recognize that it is a challenge and even a threat to be exposed to the ideas that the rich are not your friends, that their agenda runs counter to that of yours and your family's, and that you have more in common with the poor folks of New Orleans, stranded in the Superdome during the hurricane Katrina and subsequent levy failure disaster in September, 2005, than you do with George Bush or his friend Erik Prince and his private Blackwater "army" that Bush authorized, paid, and set loose in the flooded New Orleans streets.

That appears to be the case, though, and you should be able to mull it over, discuss it, accept that the developments are accelerating away from a direction that even preserves, let alone enhances, your civil rights, personal wealth, physical or economic security, political influence, or employment opportunity. IMO, this is a real description of what is happening, and I conclude that our competitors expect us to attempt to counter their agenda, that they are taking steps to make it easier to observe us and listen in on our communications, and to arrest us, hold us indefinitely, or to lock us down, en masse. They are not ruling out force as a tool to blunt our competition, and their focus on capital investment is not related to American endeavors.

But some of you say that we should either not discuss this, or if we do, renounce violence as a tool to compete with our rich opponents, or launch violent attacks against them right now.....in a "put up or shutup" fashion.....is that the jist of some of your posts?

As roachboy has posted, some of the reaction to this thread is predictable but incoherent. Why not, instead, if you disagree, show us where we have it wrong in our assessments of the direction, velocity, and probable outcome of the political and financial agenda of the rich?
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