Plutocratic Media Hates Wealth Tax, Censors Critics, Ignores Theft Of Intellectual Property By Monopolies. Save the Republic, Tax Pluto!

Too Much Corruption makes worlds collapse:

Forgive them, for they don’t know what they do. 2,000 year old wisdom from the crucified, completely obsolete nowadays in light of, say, Nazism. The first thing miscreants do, nowadays, is to make sure that they know nothing.

The swamp has investigated itself, and found itself clear as a mountain brook. Studying the Roman Republic shows the corruption was all over. Caesar’s main assassins, Brutus and Cassius were astoundingly corrupt. More than a decade before the assassination, Brutus and Cassius were exploiting to death (literally) Greece, Asia.

Thus now we have the world similarly teetering on the verge of collapse, in great part because of the corruption of our political leaders, who are in hock with the world plutocracy.

***

The New York wrote an article critical of the Wealth Taxes proposed by Warren:

… and now Sanders. It contained gems such as:”Progressive Democrats are advocating the most drastic shift in tax policy in over a century as they look to redistribute wealth and chip away at the economic power of the superrich with new taxes that could fundamentally reshape the United States economy…

But the idea of redistributing wealth by targeting billionaires is stirring fierce debates at the highest ranks of academia and business, with opponents arguing it would cripple economic growth, sap the motivation of entrepreneurs who aspire to be multimillionaires and set off a search for loopholes.”

… as if there were no loopholes now! The IRS code is a vast loophole, hundreds of pages long… 

What is hidden behind this graph. The wealthier the family, the more augmentation of wealth and income it got.

1,500 comments were authorized, my first and main comment was censored (as it alluded to precisely what happened, namely the Pluto media don’t like anti-Pluto comments, when those comments are not of an officially authorized type). This New York Times article had no content, except for the hare-brained cliché always evoked by plutophiles, namely that taxing wealth kills innovation. Actually it’s the other way around: plutocracy kills thinking, hence innovation. 

In an orgasm of dishonesty, an article in the NYT pretended that two university professors said the opposite of what they truly said in their original paper, by careful sampling of them… quoting others. That’s a type of dishonesty which should be publicized. Professors Sarin and Summers actually proposed to tax wealth more broadly than Warren and Sanders proposed, and thus, even MORE!… The exact opposite of what the NYT pretended. I agree with broad taxation of wealth (and there should be no cpaital gains tax on little guys, just like in Switzerland… which has a wealth tax, BTW… The Swiss economy is the best functioning in Europe.) 

Here is my comment censored (or delayed so much nobody would read it) by the plutocratic New York Times (I repeat, New York Times, pay attention, such censorship should be illegal, it breaches the US First Amendment, and you fiduciary duty as official press):

“Elitist US universities depend upon plutocratic money, and extreme inequality: this is what pays tuition and advertises them as the “best” schools on Earth. So one would expect wealthy economists therein plutocratic universities, feeding at the rich trough of plutocratic flattery, are all for extreme wealth and against taxing it

Plutocratic drift sucks society into a dark hole where not just the wealthiest individuals, but the basest, most cruel instincts, come to rule. One can already see this in media owned by plutocracy: an effect is Brexit. Wealthy British based plutocrats wanted to keep paying no or little taxes, they knew the EU’s new law that it is illegal to do so becomes effective December 31, 2019, so they made it so to create a cognitive bias against the European Union thanks to their control of British media.

People are not going to stop wanting to be even more wealthy, just because 2% of their wealth will be taken out above 50 million (if Warren proposes 2% it will probably end with 1%). Whereas right now small inventors cannot, thanks to pro-plutocratic, pro-monopolistic laws, exert their Intellectual Property rights in the USA. Instead, they have to file in the EU, or China! Indeed, they now have to prove they were economically injured by the stealing of their IP by powerful monopolies. So, right now, monopolies make it difficult for inventors to become millionaires. That is really a huge problem for the innovation system upon which a growing economy depends. This violation of IP and Patent Laws happened at the behest of present plutocracy, thus blatantly all too powerful already.

When billionaires reinvest billions in their own enterprises, they should be allowed to do so, after said enterprise have been determined to be of “public utility” (so part of Bezos wealth going to his rocket company, or energy investments of Gates, should be exempted, case by case, year by year).”

That was it. Hateful and racist comment of mine against the established order and its plutocrato-philanthropic, Trump hating class, was censored. Let me repeat with more detail: tech monopolies, that is, billionaires friendly with the NSA and Deep State, and Bush-SCOTUS-Obama-Biden, made it difficult for inventors to become millionaires (so that they, and only them and their friends and servants would become filthy rich, and inventors such as yours truly, dirt poor). The Supreme Court Of US decision of 2006 was the beginning of the end, but Obama is the guy who came out fiercely against little inventors, calling them “TROLLS” and “NON PRACTICING ENTITIES”. (He would know a troll, being the biggest of them all!) Only those who gave millions and services worth even more to the Biden-Obama families, and their puppett masters are “practicing entities” (I observed).

Just to compare, having sent my enlightened comment in the dark bowell of its Pluto conspiracy, the NYT got very excited by insipid remarks, the following one by “Ned” from Truckee being typical:

“Ned”, from Truckee, Times Pick:

“If an entrepreneur or inventor creates a huge amount of value for society, they deserve rich rewards – billions if that’s what it is. But, you can’t take it with you, and ultimately, external rewards are meaningless.

Warren and Sanders ought to refrain from vilifying the ultra-wealthy, and instead extol the virtue of those who create wealth and then return it to society, either through philanthropy or by paying workers more.”

Ned has spoken! In his gutter wisdom! And except the latter “extolled virtue” is not happening (without the threat of revolution).

***

Wealth in California augmented, but not as much for REAL INVENTORS as for plutocrats…

In truth, the REAL INVENTORS started to be shut down in 2006, and the Obama presidency finished shutting them off:

… big time, with Obama attacking IP “trolls” on TV. Ignorant semi-wits such as “Ned” don’t know little guys Intellectual Property has lost value, enormously, thanks to the pseudo-left, SCOTUS and super troll Obama. Nor does he know that most entrepreneurs are highly fungible: if Zuck didn’t exist, another 1,000 Zucks could rise. Same for Jobs, Gates, etc. All these guys exploited other individuals’ inventions. The guy who invented optical pumping, hence the laser, Kastler, got the Nobel, but that was it. Others, many others, made billions from the laser.

Under Bush (starting in 2006) and Obama, the Intellectual property system got gutted in the USA, thanks to the enormous tech companies and the Deep State’s little plan to connect them to intelligence/surveillance agencies: to prove that they had been wronged, small investors needed not just to demonstrate that they had been stolen. Now they also had to demonstrate to have been economically injured (which they couldn’t, as they made no money from their stolen inventions). Such laws were passed under the influence of tech monopolies. I am personally familiar with a case were a federal judge decided of a very important case in the morning, and then resigned and accepted five million dollars from Facebook in the afternoon (names can be provided on legal request).It was the case of a small electronic company which had won, thanks to a jury, yet its enormous legal fees from its defense were not paid by its giant attacker, thanks to the 5 million dollars judge.

Now Zuck, head of Facebook, and minder of the world, art expert banning Middle Age art, declares he will fight Senator Warren’s wealth tax OK, another time!). I declare Zuck has too much power. He is just a glorified high school drop-out, and the fact that he drops in presidential palaces, worldwide, aggravates his case… I replied to @Ned:

Ultra wealth kills the Republic. Money is power. Too much money in too few hands means too much power in too few hands.

Ultra wealth wants to gut the country of employment and and any other power from We The People (Demos-Kratia = People-power). Because removing power from We the People prevents revolution. This is exactly how the Roman Republic went down, and it was said at the time (read the Gracchi brothers). This is exactly the scheme in place today: ultra wealth has escaped taxation and law, by going overseas (“China”). Then it got so wealthy it can mold the minds of entire countries.

An example is Brexit. The plutocrat owned media in Britain wanted out of the EU for (new) tax reason. So it made it so that people would hate “Brussels”. That some people have a thousand times more power than others can be tolerated. But a million times? At some point, in Rome, the hyper wealthy started to own not just judges, but armies…

***

Obama’s guru Summers has evolved: he is now FOR taxing wealth and lobbying, BROADLY:

I read the article from Larry Summers and Natasha Sarin which the New York Times refers to. It doesn’t mainly say what the NYT claims the article mainly says, just the opposite (the article sort of says it a bit, but it’s not its main point). What professors Summers and Sarin mostly say is the opposite.

The best way to reduce power from oligarchs and plutocrats is by first broadening the tax base. Indeed. Sarin and Summers want to close tax loopholes for the rich, first. Basically the professors point out that the wealthiest and powerful can invest, tax free into all sorts of consultancies and foundations (let alone universities) which are used to influence voters, media and politicians (they give the example of the mighty NRA). If taxation doesn’t strike this system of influence peddling first, a wealth tax will have the opposite effect: the mental control oligarchs exert through these tax evading loopholes will drive public opinion against taxing the wealthiest!  

***

Summers & Sarin truly said: “We have sympathy with complaints that economic policy decision-making gives too much weight to the interests of affluent elites. But we are skeptical that large rate hikes or wealth taxes are the right way to address this problem.

First, these proposals do not get at the main ways in which the wealthy exercise influence. The whole apparatus of think tanks, research institutes, advocacy groups — organizations like the Federalist Society, which has transformed the judiciary — are supported by tax-deductible contributions that tax hikes will not discourage. Indeed, increases in tax rates or broad wealth taxation would make it cheaper in terms of forgone personal spending to support advocacy efforts or to create elite enclaves.

Second, even draconian tax hikes will not have a major impact on the ability of very wealthy Americans to be politically influential. For a few tens of million dollars, an individual or interest group can become a major political player. Even if you took away half the wealth of a billionaire, that person would still be able to invest $50 million a cycle in political activity without dipping into capital…

Third, many of the areas of special interest concern that seem most serious do not involve players who would be substantially impacted by recent tax proposals because they are not hugely wealthy. Think about the way the NRA distorts gun control debates or how community bankers resist consumer financial reform.

If the concern is with the excessive power wielded by wealthy elites, there are more effective strategies. Consideration should be given to limiting the deductibility of lobbying expenditures; restricting the ability of political organizations to have allied 50(c)(3) organizations that can receive tax-deductible contributions; and tightening the rules on donor-advised funds that enable the wealthy to get essentially all the benefits of foundations without any of the requirements to pay out resources or provide any public transparency.

***

So Summers and Sarin, far from criticizing the principle of a wealth tax as lowering the innovation and animal spirits of society, advocate a generalization of the concept of wealth, and of taxing that first, instead. They say this guarantees thrice the tax revenue, and will avoid the backlash from the wealthiest by cutting first the very organs they use to transmit their influence on society. 

***

The next day, the NYT allowed my comment (safe: nobody would read it now!) and then ran later an article saying: “A Wealth Tax Is Pro-Growth. Don’t believe the scaremongering.” (By David Leonhardt.)

Well, more importantly, only with a wealth tax We The People can afford to have a republic. The Roman Republic lasted five centuries, in full, because it had a wealth tax. And it was confiscated, when the army had enough of civil war and inequality caused by the ultra wealthy.

Patrice Ayme

 

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5 Responses to “Plutocratic Media Hates Wealth Tax, Censors Critics, Ignores Theft Of Intellectual Property By Monopolies. Save the Republic, Tax Pluto!”

  1. SDM Says:

    Warren is already willing to take pluto donor money if not already doing so. Her record is not encouraging – her huddling with the Clintons, etc. Lots of rhetoric but she is already placating many of the donor class- her campaign mugs were a big item in the Hamptons.

    Like

    • Patrice Ayme Says:

      Well, that would be true even if 29 year old Alexandra Ocasio-Cortez could run. She has already got in hot water for wearing wardrobe lent to her…
      What interest me in Warren is not the little she will do, but what she pushes for. By pushing for a wealth tax, she makes the idea prominent in the realm of possibilities. Right, I would prefer Sanders as president. But that will not happen.

      And Warren panics the financial establishment: this is one of the reasons why that Impeachment thing was launched, to make sure she loses. At least this is what I argued, and I believe in it more than ever, after talking with lots of people of the thinking class in the last week: their reactions were instructive (more on that later, it’s complicated).

      The other reason was to stop the break up of the monopolies… That Facebook did this crafty manipulation of what I wrote to expunge WARREN, was very telling…

      Like

  2. SDM Says:

    The impeachment problem is that it was launched concerning the attack on Biden. Biden and Trump are both corrupt but Trump’s corruption is not the focus of the story. The Senate will not convict Trump so long as his corruption is not the focus. Warren has espoused some good ideas but Sanders has even more and better proposals. He scares the establishment more than Warren ever will. Trump online ads are using the “socialism” bogeyman already.

    The establishment (Dems and GOP) appear to be satisfied that Warren will play ball with them as they appear to believe she is less threatening than Sanders. Impeachment will solidify Trump’s hard core base but those who are not as invested in him may well turn away if his real misdeeds are placed front and center. His self-dealings may be his undoing for the casual Trump voter as he has failed to come through for many of his promises.

    Like

    • Patrice Ayme Says:

      Well, the problem has been that the rising of trade barriers is causing serious problems: for example China isn’t buying US soy anymore… So Trump voting farmers ain’t happy…
      To rebalance OUT of globalization will take a while…. But it HAS to be done. The exportation of employment overseas, anti-colonialism, is even worse than colonialism (it’s colonialism without civilization, to put it crudely)…

      THAT DE-GLOBALIZATION is independent of the sort of reforms Warren and Sanders propose. I voted for the latter in the past, and support his message. However, he clearly will not make it this time: Pocahontas is too much on the war path… BTW, initially, when Pocahontas became Senator she was pushing for great reforms, but the Obama mindset and minders told her to pipe down, she was going nowhere. So it’s not all her fault.

      What may happen is that she pushes for those progressive ideas, is narrowly defeated by Trump, but the ideas won… and she makes it the following time… But the impeachment madness is throwing many things in doubt…

      Like

    • Patrice Ayme Says:

      Sanders announced today he is slowing his campaign down. If I had to choose between Sanders and Warren, I would choose the former. However, Sanders is out for health reason. An infarctus at 78 on the main artery is no sore throat…
      Average of major polls show Warren ahead of imploding Biden.
      Turns now that Paul Pelosi, son of Nancy had his own Ukraine oil company, Viscoil. Thanks. ‘Bama…

      Like

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