Posts Tagged ‘Billionaires’

Frauds Claiming To Be “Progressive”, Vaccinate Against Progress. AOC Taxing Her Billionaire Heir Friends… Not.

September 19, 2021

RICH LIVES MATTER MOST, says pseudo-progressive Ocasio-Cortez… Taxpayers are not just ruled by the rich, they pay the rich to be ruled by the rich, and our pseudo-progressive tax the rich… by befriending them! Low lives do not deserve a face, they should be masked, and serve the rich. The rape of reason has his reasons that low lives cannot penetrate.

The famous Ocasio-Cortez, the US Congress’ most prominent pseudo-progressive, literally turns her rich white ass, slashed with red, on “Tax The Rich”while conspiring with her friends the billionaires for the whole world to see… And insisting that what they see is not what is going on, she evokes “piercing a 4th wall”, and “intersection theory”. If she’d been afraid of the criticism and not worn the dress, she wrote, she might have been called “inauthentic” or “too calculated… But we all had a conversation about Taxing the Rich in front of the very people who lobby against it, and punctured the 4th wall of excess and spectacle,” she continued in the statement. In truth, the 31 year old AOC is extremely close to billionaire heirs, and it is unlikely that she will bite the hands which make her powerful now and even more, in the future. Her performance is first a violation of reason, where what we see is not supposed to be what we see, because so-called “Democrats” said so.

The Met Gala is widely regarded as among the most prominent and most exclusive “social” events in the world. “Social”, in the US sense, is not to be confused with “socialist”: tickets for the “Met” are US $35,000 a piece (2021). Above the cost of the meal, $250, everything is tax deductible… Thank you low lives who vote “Democratic”!

The Met Gala is one more of these events where the top politicians, our great leaders, meet with their once and future employers of the billionaire class… and they are billionaires often because past politicians made sure they enjoyed markets they provided them for (including war in Iraq, etc.), or monopolies (the likes of Google, Facebook, etc.). So they all together breathe, con-spirare… 

Red-hot “Democratic” celebrities such as Beyoncé, Rihanna, or politicians such as Clinton, Obama, Bush, Romney, Trump, attend or have attended. Plenty of billionaires were in attendance, including Blackstone Group CEO Stephen Schwarzman and Joe Gebbia, co-founder of Airbnb. Invited celebrities, including celebrity congresswomen like Ocasio-Cortez, Rep. Carolyn B. Maloney (D-N.Y.) , New York City Comptroller Scott Stringer and Mayor Bill de Blasio are part of the draw and attend for free. Ocasio-Cortez, and many other showy women, needed help to go up and down stairs. Ocasio-Cortez, long a bartender, is viewed as a leader of the progressives in the US Congress.  She retweets Biden, who writes, “It’s time the super-wealthy and big corporations pay their fair share in taxes.” 

It is all paid for by the American taxpayer. Taxpayer subsidies at the Met Gala are various. Tables for 10 go from $275,000 to $500,000: buyers may deduct that cost, minus the nominal cost of the meals, set at $250 a person. To become even more famous, which is lucrative, celebrities can pay the Met Gala a seven-figure sum to have their name up in lights for the night, as well as at the exhibition that follows. That is also tax deductible.

The pro-hyper-wealth IRS tax code clearly states that donors cannot get anything of value from their contributions, which is why they cannot deduct the meal portion of the ticket. In other words, the IRS tax code recognizes that it should cost nothing for the hyper wealthy to spend money to influence people, as long as it is of no other value. 

BILLIONAIRE Seagram’s heir Benjamin Bronfman, is dating Ocasio-Cortez dress designer, the Ghanaian-Canadian Aurora James (on the right of AOC in the picture above). He was at the Met, enjoying his tax deduction… Billionaires mixing with politicians give them the opportunity of together-breathe (con-spirare). AOC herself got gifts worth hundreds of thousands of dollars from hyper-wealth. Reminds me of Supreme Court Justice Scalia and his fancy vacations paid by hyper-wealth… A pair of sky blue pumps with Swarovski crystals and pearls by James costs $715. During an interview on the red carpet, Ocasio-Cortez said she and James discussed “what it means to be working-class women of color at the Met.” AOC’s basic salary is $174,000… She gets many official perks on top of that. She is not “working class”. She wears all the time designer clothing worth hundreds of thousands of dollars a year.

AOC makes a parody of the progressive cause, and thus vaccinates against it. To have “progressives” attend a $35,000 per person event, with tables bought by Amazon and AirBnB for hundreds of thousands of dollars is an implicit admission that wealth matters primordially. Admitting this primacy of wealth, touting it as a worthy cause, a “charity”, supporting its tax deductible status, reinforces wealth as the skeleton, glory, brains and art of present society. Making wealth the backbone of everything, including protests, serves the politicians and billionaires who attend the Met gala: it proclaims to the world that rich lives matter most.

Meanwhile one of the world most visible prostitute will keep on getting ever more famous, changing people’s minds about wealth in ways they do not themselves understand… But which are sure to make AOC’s billionaire heir friends ever more happy…

Actually Biden’s proposed tax reform mostly increase taxation and (the implicit taxation of) inflation on the middle and lower classes, but of course he will not tell you that: like AOC, he is taxing the rich, for the whole world to see, thanks to plutocratically owned media who tell the middle and lower classes exactly what to see, and even what to feel…

Civilization is an ongoing work, and started more than 10,000 years ago… But it is an ongoing struggle against the plutocrats who want to destroy itStarting by corrupting all minds with pseudo-progressives in their employ

But I forgot, the rich have been taxed, it’s all written on AOC’s ass.

Building logic on lies is not possible. The disrespect of basic reason instilled by the so-called “Democratic” leadership is the fundament of the society they call for, one where their rich ass rests on rich lies, by the rich, for the rich.
This happened before: the Roman empire founded by Augustus, the Feudal System post 9th century

Patrice Ayme

***

Notes: 1) Black Lives Matter Greater NY, accused the congresswoman of being “performative” and “not very socialist”, especially after protesters were arrested outside the Met.

2) AOC’s Instagram Post literally sent to for profit designer houses for the wealthy such as “starting her dream @brothervellies“. How much money or service is she getting for that? Isn’t corruption of an already repressed type?

3) Asked the question explicitly, Alexandria Ocasio-Cortez agreed that “a system that allows billionaires to exist” is immoral. HOWEVER, she added: I don’t think that necessarily means that all billionaires are immoral.” AOC made an exception for Bill Gates and Warren Buffett, explicitly, both of whom are major plutocrats keen to be known as philanthropists.

Gates is used to date Epstein, a well-known organizer of pedophilia and related activities to major politicians, including Bloomberg, Bill Clinton, Prince Andrews, etc… Gates’ wife mentioned this as a reason for divorce… In other words, the system is immoral, but AOC, on a PERSONAL basis, finds the worst of them… moral. Because they sustain her class. Another one, in this galaxy of evil, Simons, of Renaissance tech, a fast financial trader recently paid a seven billion tax fine to the IRS… For stealing billions to taxpayers, one would expect some prison… Bit not Simons. Simons is a major “Democratic” donor. Now much of what Simons does should be illegal… because he “leads” the markets, using hyper fast tech nobody else has… And so on. Pluto-Kratia = Evil-Power. AoC’s reply? “The medium is the message

***

Those who know history well will remember that Marie Antoinette used to pose as a progressive… And she did indeed read Rousseau, who had just written the “Contrat Social“…. There is no evidence that AOC reads relatively as advanced critics of the present system…

 

Sun Valley Colluding Conspiracy Of Plutocracy and Its Billionaires

July 11, 2021

Con-spirare: together-breathe. Collusion? From com “with, together”plus ludere “to play”. They play together, they breathe together. They conspire, they collude, and they own all you are getting information from. What is there more to love, from the point of view of world gangsters, even Roman emperors did not have the means to dream of?

Now most dimwits have been programmed to heap contempt on anybody making a theory of how conspiracies works. The wise know better: People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public.” This 18th-century warning from Adam Smith against mercantile CONSPIRACIES is worth considering in light of the gathering of opinion controllers in Sun Valley.

The conspiracies and collusion of the wealthiest and most influential US citizens have been blatant, for more than 30 years. In 1994, when they met in Sun Valley, the colluding conspirators were worth a few billion dollars at most: the wealthiest, Bill Gates, was worth only six billions. Now Bill owns or controls more than 200 billion dollars. But Bill, whose father headed the most powerful law firm in Washington, and whose mother was, among other things, an IBM director, thus landing the most juicy IBM contract and deal for her son, is now much more than a controller of a huge fortune and many companies. Bill is also a controller of awe and a certain idea of civilization. He is all over the media controlled by his co-conspirators. To make sure the Gates are awe inspiring among the fools, that great humorist, Obama, made him and his then-wife recipients of the “Medal of Freedom”, and then put them in charge of US education, as if they were scholars of some sort, instead of dirty dealers. 

Together the top plutocrats conspiring at Sun Valley own or control trillions. 

That solar gang controls what the world sees, hears, feels, and even reasons and emotes about. Because they own, or control all the media, including the Internet. This reach extends through history: the most indignant Trump hater and profssional homosexual mainstream corporate star CNN’s Anderson Cooper is there. Cooper is known for his silver head venom against “populism”. Indeed, it’s a family affair: his grandmother Gloria Vanderbild, was one of the world’s wealthiest person and the daughter of a major US diplomat, including ambassador to Berlin. Cooper is the great great great grandson of Cornelius Vanderbilt, also frequently referred to as Commodore, an immensely wealthy magnate. 

The hatred against Trump craftily displaced their loud hatred for populism… a pretty unhinged position to have in demos-kratia (people-power).  Look at the leaked video of Google’s town hall meeting following the 2016 election. The recent immigrants to the US at the head of Google… hated the People of the USA… because they believed that a popular revolution had started! Such immigrants are viewed a success stories, but they are really just showy frontmen, like the ex-UK Vice PM in charge of truth at Facebook: the real money which financed and promoted and smooth the way of Google, Facebook and company with the Deep State, are all old money, itself part of the Deep State for generations. The entire idea was to create spy and propaganda outfits to control the youth and the world.

CEO Sundar Pichai states in that linked video that the company will develop machine learning and A.I. to combat what an employee described as “misinformation” shared by “low-information voters.”

There are plenty of other wealthy families, among the 1%, but they are irrelevant: they control or own, nothing important, they are just in for the ride provided by the .01% [1].   

***

Many of the top propagandists of the anti-“populist” domineering propaganda are directly tied in to the worst plutocracy one can imagine. Although at least one Vanderbil was anti-Nazi, most old money in the US, entangled with the Deep State was itself entangled with its(part) creation, Nazism. And made a fortune from it, directly or not….

Trump sued some owners of media for censorship, July 8, in a class action. The next day Biden signed an executive order to crack down on them. 

Why worry? Centerpieces of democracy in Ancient Greece were isegoria (equal right to address assemblies) and PARRHESIA… “to speak candidly or to ask forgiveness for so speaking. Under systemic Internet censorship, they have pretty much disappeared. One can ackle all day long about cats or horses, just as one could cackle about them under emperor Justinian. But if one gets dangerous for the system, one gets cancelled. 

However, in the last two decades, the Internet became the province of an oligarchy. I have been witness, and victim, of that Internet censorship. My essays on ancient Greek democracy one day disappeared from the Yahoo search engine. That was before even Google was created (2004). When I confided this to an underclass hobo friend of mine, an ex-mathematician, and computer programmer who was anti-system by religion, he looked at me with disbelief and told me I had become completely paranoiac. Far from becoming less paranoiac, I became more so, as I realized anti-systemics themselves were part of the system, so great was the propaganda. Since then I have been banned from dozens of media, including many supposedly from the left.  

Top plutocrats at the biggest and most influential monopolies in tech and propaganda, including the cable giant John Malone; the Facebook founder Mark Zuckerberg; the Google founders Larry Page and Sergey Brin; the Apple chief Tim Cook; Warren Buffett; Bill Gates; Mike Bloomberg, Sumner Redstone’s daughter Shari Redstone, herself a media mogul, billionaire Sherril Sandberg, from the Clinton administration, sent to overview the launch of the spy agencies, Google, then Facebook…  and on and on. media chiefs like Disney CEO Bob Iger, one of dictator Xi close collaborators. The 90-year-old Rupert Murdoch, a regular, is absent this year.

In 1936, their plutocratic predecessors basked in their collaboration with Hitler, Mussolini, Hirohito, Franco. The Nazis had just hosted the 1936 Olympic winter games and were going to host the summer games. All the fascists were using, and invading countries, thanks to US oil, US banks, US tech, US investment, US connivence, US diplomacy… which was excellent at discouraging enemies of fascism such as France.

Now the moguls collaborate with, and empower the Chinese dictator, Xi, who, in turn, augment their profits..

Some call it “mogulfest,” hosted by Allen & Company, where major monopolies are built. Verizon’s purchase of AOL, for example. Or Comcast’s blockbuster acquisition of NBCUniversal. Comcast is controlled by Mr. Roberts, a friend and collaborator of Xi. “Mogulfest” is a picturesque expression, fascistfest is more like it. When only a few control everything, it’s called fascism.

Facebook tried to ban me for 30 days for relating well-known historical facts about World War Two’s fascist regimes, claiming it was “hate” to do so. (After I sent pages of protest, Facebook recognized it had been “wrong”… But it remains to be seen if nothing will happen next… Meanwhile I now know that just telling the most official truth can get me banned… for “hate”; I have been banned under similar mechanism from MANY Internet outlets… Including for saying that non-German bankers financed Hitler… The exact mechanism the Nazis used in 1933 during the Warburg affair…) 

 In 2010, Newark Mayor Cory Booker met Mark Zuckerberg in Sun Valley, leading to Zuckerberg’s $100 million dollar donation to Newark schools. Booker next became a powerful US Senator, presidential candidate.

The Sun Valley conspiracy was suspended last year because of the pandemic. But this year, these top moguls are traveling again to Sun Valley for an annual weeklong plotting organized by a boutique investment firm called Allen & Company, known as intensely secret. The firm doesn’t have a website, and, of course, doesn’t give interviews.

Run by the same family since it was founded in 1922, Allen & Co. may be small, but it has developed some deep relationships that have led to roles in some of the biggest tech and media deals and initial public offerings in the last half decades, in particular Google, Facebook, the famous spy agencies.

Bezos reportedly decided to buy “The Washington Post” when he was in Sun Valley. Sun Valley organizes the biggest conspiring service for the media companies they control, enabling plutocrats to achieve total media control. The media lives and breathes only because ultra-powerful people have an interest in keeping it alive for their own profit, and that rests first in making the sheeple think and feel whatever plutocrats and their milieu think the gullible public should feel and think. .

When the Kaiser and his goons decided, on December 11, 1912, to launch a world war, they thought it wise to prepare public opinion with the newspapers. From unexpected French resistance, they lost that war, and that enabled US plutocrats to win the peace, making Germany into their toy, tool and instrument… thus bringing another lethal hysteria, Nazism… Which, in turn, made the entire world into an extension of US plutocracy 

At Yalta, the US Deep State offered half of Europe to Stalin; meanwhile the US was making Mao and Ho Chi Minh ever more powerful… So it was indeed world control…Sun Valley Lodge, built by Union Pacific Railroad heir W. Averell Harriman in 1936

Herbert A. Allen, premier investment adviser of the Information Age, who owns a nearby ranch. Allen’s involvement in the entertainment industry began in the 1970s, when he became chairman of Columbia Pictures. “I cannot think now why I invested in a film company,” he says with that flat Wasp detachment. “I think I was bored.” 

By luck, brains, or instinct, these men are in a position to define and feed the markets of the future. “The country creates a tidal wave, and some people get to ride it,” says Allen. “the technology is secondary to the people.”

Malone pointed out, at Sun Valley in 1994: “Only America was big enough to justify building mass-production centers for Fords. So, here, in the latter part of the century, our market is the only one large enough to justify building the next Microsoft Windows software, or the next Terminator 2, Jurassic Park. That gives us, as an exporter, a huge edge.”Added Ovitz, another top plutocrat then: “This country is posed to set the standards around the world for information and entertainment services.” Setting up the standard for information? Global plutocratic US based empire OK, anything else not OK.

Collaborating with the fascist regimes of the mid-twentieth century enabled plutocracy to evade the US anti-monopoly laws, making them stronger than those laws had anticipated they could become. What next? The plutocrats rigged the tax system, worldwide. It is tax evasion, pure and simple.

They evaded corporate taxes by claiming their profits in jurisdiction with little, or no tax. That had two wonderful effects:

  1. They did not pay their fair share of the services the world provided them with.
  2. As smaller and weaker competition constrained to national theaters could not play the same tax evasion conspiracy, they prevented competition and ever increased their monopolistic powers.   

Also remember this: below the most visible plutocrats, there is an entire plutocratic ecology supporting the alpha species. For one plutocratic whale jumping out of the water, there is an army of wealthy minnows below feeding it. The Roman Republic limited wealth absolutely around 50 million dollars or so. Also personal political powers were severely constrained by term limits, and other laws (except in ultra emergencies). The passage to the fascist empire was characterized by the instauration of enormous family hereditary wealth, influence and power… In one concept: enormous hereditary inequality. Most of the wealthiest families in the USA inherited their wealth and power (even Gates and Zuckenberg did so, and that’s why they dropped out of Harvard).  

Technology has advanced, and when civilization advances, so does technology. At some point energy procurement became too important, and energy companies were made into public utilities. An example is PG&E, the California public utility which provides electricity and gas in California. It is tightly regulated. AT&T used to be also a tightly regulated entity producing cheap phone links and plenty of physics Nobel laureates in its top notch labs. AT&T was mostly destroyed, and now phone service is extremely expensive and the Nobel winning labs are no more. But then, as in Mexico, fortunes were made by a few and the layers of wealthy hereditary  minnows with their charities, foundations and Delaware registered anonymous companies…   

In particular telecommunication technology advanced with the invention of the Internet. Facebook in particular, with three billion users can hardly claim to be private. What is happening is that a few privateers with the complicity of some if the US government grabbed world control of the Internet agoria. 

This Internet control was achieved already two decades ago, but became obvious to the sheeple only in the last year or so. In particular, crucial information about the deadly COVID was banned from the media, and, in particular, the Internet. The result was around two million dead in the West alone. 

Anti-monopolies laws were used to prevent one pole from seizing the production of goods. Now there is just one pole which seized the production of thoughts and even emotions, worldwide, and that conspiracy of the ultra-powerful plots for all to see, in Sun Valley, Idaho.

And if you start to worry a bit too much about it, prepare for the ultimate distraction, war.

But no imminent worries should be had: before it died from invasion and collusion with the invaders, the Roman state spent centuries degenerating in incurious stupor, transforming the Populus Romanus into the bleating sheeple. Actually the Catholic manipulators brandish the concept: the Populus became a flock of sheep. 

To think critically nowadays means to be banned by Microsoft, The Guardian, The New York Times, the Daily Kos, official philosophy sites, Facebook, the European Tribune, countless others, etc…. Just as yours truly [2]. Real critical thinking is for the future to learn about, the present sheeple are busy bleating, self loving, content with their common rages, adoring all the plutocratic propaganda they have been bottle fed on….

Sun Valley forever, they all contently bleat. 

Patrice Ayme

***

***

[1] By 2020, the 1,149 billionaires from Asia-Pacific countries were worth $4.7 trillion, while the U.S. billionaires were worth a total $4.4 trillion. And this is only the tip of the iceberg: those billionaires are themselves financed by the vast mob of ultra wealthy below them. The families worth more than 30 million dollars, roughly the Roman wealth limit, are worth together around 40 trillion dollars.  https://robbreport.com/lifestyle/news/world-population-increase-ultra-high-net-worth-individuals-1234622357/ 

***

[2] I even had a scuffle with Searle a famous Berkeley philosopher, who accused me of “fantastic logic”, and had me banned, for life, from the major philosophy site he controlled. It was later revealed he had sexually assaulted many female students. In spite of the accusation, UC Berkeley (my university!) kept him on his extravagant payroll, more than 4 times the US family income. A prestigious accuser in astrophysics, literally a few hundred feet away, was not so lucky: instead of getting a Nobel he did not deserve, but was planned to get, he was unceremoniously kicked out… Who said academia was boring?

Wealthiest Pay NO TAX: THUS, Tax Wealth According to POWER

June 9, 2021

The truly wealthy pay (basically) no tax. That’s why they are truly wealthy and powerful: they have manipulated laws so that, like monarchs of old, they escape taxes. 

Yet, the only reason for taxation is to prevent the exponentiation of wealth. Because wealth and thus power, grows proportionally to itself, ABSENT taxation.

Recent tax codes in so-called “democracies” were passed by politicians in the employ of the wealthiest (one way or another, past, present, or future, themselves or their significant others or avatars)

The wealthiest and most influential persons in the USA, and the world, are basically thieves. They pay no tax but their employees, the politicians, have made it so that average people are getting ever more poor. We are therefore led by thieves. Hence the highest ideals of our society have to do with stealing, lying, dissemblance, inequity, greed, and worship of the most evil personalities. Call that the Plutocratic Thesis.

ProPublica is a nonprofit newsroom that investigates abuses of power. Its Secret IRS Files found that: The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

“In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.

Soros spent a huge amount of efforts fomenting insurrection against “populist” elected officials in recent years, financing in particular “Antifa” rioters.  

ProPublica: “Taken together, it demolishes the cornerstone myth of the American tax system: that everyone pays their fair share and the richest Americans pay the most. The IRS records show that the wealthiest can — perfectly legally — pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year.

Many Americans live paycheck to paycheck, amassing little wealth and paying the federal government a percentage of their income that rises if they earn more. In recent years, the median American household earned about $70,000 annually and paid 14% in federal taxes. The highest income tax rate, 37%, kicked in this year, for couples, on earnings above $628,300.

The confidential tax records obtained by ProPublica show that the ultrarich effectively sidestep this system.

America’s billionaires avail themselves of tax-avoidance strategies beyond the reach of ordinary people. Their wealth derives from the skyrocketing value of their assets, like stock and property. Those gains are not defined by U.S. laws as taxable income unless and until the billionaires sell.” 

They don’t need to sell anything: they just go to the bank and borrow… billions. Those loans are NOT taxed.

***

I PROPOSE TO TAX LOANS TO THE HYPER WEALTHY… Say above 50 millions of combined income… At the normal maximum income rate. 

How to fix that evasion of the spirit of taxation by the plutocratic class? A problem progress has is that the present so-called representatives, and the administration and executive branches are owned by hyper wealth, and so is the media (with few exceptions). The first key, as usual, is knowledge. 

First by having the right analyses and the right solutions. Selling both to the 

TIME TO TAX HYPER WEALTHY PLUTOCRATS ACCORDING TO THEIR TOTAL POWER (In particular tax their loans and their foundations).

*** 

To Keep The Middle Class Impotent, Tax It Away:

ProPublica: “According to Forbes, those 25 US citizens saw their worth rise a collective $401 billion from 2014 to 2018. They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%.

It’s a completely different picture for middle-class Americans, for example, wage earners in their early 40s who have amassed a typical amount of wealth for people their age. From 2014 to 2018, such households saw their net worth expand by about $65,000 after taxes on average, mostly due to the rise in value of their homes. But because the vast bulk of their earnings were salaries, their tax bills were almost as much, nearly $62,000, over that five-year period.

No one among the 25 wealthiest avoided as much tax as Buffett, the grandfatherly centibillionaire. That’s perhaps surprising, given his public stance as an advocate of higher taxes for the rich. According to Forbes, his riches rose $24.3 billion between 2014 and 2018. Over those years, the data shows, Buffett reported paying $23.7 million in taxes.

That works out to a true tax rate of 0.1%, or less than 10 cents for every $100 he added to his wealth.

Buffet is typical of the liars of the Democratic Party: saying one thing, doing the opposite, such as Biden advocating 28% corporate tax inside the US, and then fighting to get the G7 to propose a global 15% rate (logically enough, France wanted 21% which is the present US and French rate).

***

Techniques that the hyper wealthy use to reduce their tax bills, take advantage of a complex web of loopholes and deductions that are perfectly legal and can enormously minimize tax liability. That includes borrowing huge sums of money backed by enormous stock holdings. Loans are not taxed and the interest that the executives pay on the borrowed money can be deducted from their tax bills.

The wealth tax as suggested by Senator Warren would not fix the evasion by using borrowed money. She proposed to tax 2% the absolute total wealth of individuals worth more than 50 million dollars. 

That’s a joke: according to Warren, then, one could be a billionaire, borrow another billion from (complicit or not) banks, invest it in a variety of supposedly money losing ventures, and then one would owe no tax.

Actually this is exactly how Larry Elison, CEO of Oracle,  did it for many years: he would borrow so much, year after year, using Oracle’s stock as collateral, that he did not have to pay any tax. When the local city tried to force him to pay a tax on his house, like everybody else, he refused. His house was a reproduction of the Japanese emperor’s imperial palace, and was known to be worth an enormous amount of money, and then he should have paid nearly 1% annually of that enormous amount (the money goes to schools). Well, he celebrated by buying the Hawaian island of Lanai.   

Another tax trick is foundations: foundations do not pay taxes, but the founders of foundations can keep control. And what is control? Power, exactly what money purchases. 

This is why plutocrats when they mature turn into “friends of man”, philanthropists: they can keep power, but their power, and that of their heirs, will not be taxed. 

As this power grows, the plutocratic philanthropists can afford to buy ever more politicians, and rig the laws to serve themselves. This is how the Roman Republic was destroyed by its plutocrats, who called themselves “the best” (“Optimates”).    

In 2007, Mr. Bezos, the chief executive officer of Amazon, paid nothing in federal income taxes even while his company’s stock price doubled. Four years later, as his wealth swelled to $18 billion, Mr. Bezos, adding insult to injury, reported losses and received a tax credit of $4,000 for his children, according to ProPublica.

Mr. Buffett, the chief executive of Berkshire Hathaway who has long hypocritically bemoaned that the tax code should hit the rich harder, paid just $23.7 million in taxes from 2014 to 2018, when his wealth rose by $24.3 billion. So Buffett got taxed at the rate of .1%….

In 2018, Mr. Bloomberg, who controls the media giant Bloomberg L.P., reported income of $1.9 billion and paid $70.7 million in income tax. That’s about a 3% rate. According to the Propublica report, Mr. Bloomberg was able to reduce his tax bill through deductions, charitable donations and “credits for having paid foreign taxes” (probably in tax havens).

Full of hatred and vengeance, the Politically Correct Mr. Bloomberg, once elected king of New York, said he would “use all legal means at our disposal to determine which individual or government entity leaked these and ensure that they are held responsible.” Since Bloomberg and his ilk represent basically the government, the threat is not to be taken lightly.

Lily Adams, a Treasury spokeswoman, confirmed that: “The matter is being referred to the Office of the Inspector General, Treasury Inspector General for Tax Administration, Federal Bureau of Investigation, and the U.S. Attorney’s Office for the District of Columbia, all of whom have independent authority to investigate.

The plutocratic republic is in danger!

Mr. Biden and his advisers have declared a wealth tax unworkable: it would force the top sponsors of the Democratic Party to pay taxes. Instead, Biden has sought $80 billion to beef up the Internal Revenue Service so it is better able to go after tax cheats of the middle and lower classes… who sometimes have to pay more than they earn in taxes  

This is how to save the plutocratic republic.

How can one pay more than one earns? Simple, have no fancy income and no fancy lawyers… and enjoy the redistribution of Obamacare, which has caused tremendous health care costs increases… I know some cases, personally, with people who are well below the official poverty level.

So where are we here? This is a world where the guy in charge of fighting pandemic worldwide finances lethal worldwide pandemics, and then accuses pangolins. This is a world where the president screams against inequality, racism, but then does all he can to help his sponsors, hedge fund managers (such as Renaissance funds related individuals). Warren and other pseudo-inequality fighters, who are actually very wealthy multimillionaires, propose pseudo-reforms which would tax and harass the inferior classes. It’s more of the same.

Instead, I propose to tax power. So, for example, tax the Gates Foundation, which promoted companies fabricating devastating poison, by having the Gates Foundations invest in those companies… And also the same Gates made the Virus Dictator Xi stronger, by providing him with surveillance technology (and keeps on doing that)… The Gates Foundation is a Tax Foundation: there is no significant difference with Microsoft in the sense of the power it provides these extraordinarily powerful individuals, the Gates… whether married or not. 

By the way, the world wealthiest person is a Frenchman. In a country where the middle class is taxed to death. How come? Well, French plutocrats are as good, if not better, they actually seems to be better, as their US colleagues in paying the politicians to tweak the taxation laws as required to make the wealthy wealthier. The same exact problem happened in Republican Rome, the Gracchi did what they could…. But they and their thousands of colleagues and collaborators were assassinated (at least 5,000 in just the second wave of assassinations)… 

Lest we are careful there is a risk that we will repeat that performance. Because there was already a repeat; the fascist movements of the 1930s were propelled by the same class and mentality… Even Hitler said it and bemoaned it, complaining to his associates, Marshall Rommel, while in Italy, that he had to sit and entertain “plutocrats”.

So we need to tax the power of the wealthiest before it’s too late, and they have fully captured hearts, minds, politics, sociology and civilization itself. How do we tax power? Good question. The same problem at the level of individuals, taxing power, exists with corporate entities (which are also legal “persons”). 

For corporations, the radical solution is to tax their revenues, country by country… instead of trying to tax their profits, as normal taxation has it (the other way would be to impose a worldwide minimum corporate tax, but Biden allowed only 15%, about half of what he proposed inside the USA, making a bad joke of the whole thing). 

A wealth tax does this, by taxing the assets directly. The model here is the Roman Republican one, which worked for centuries and imposed a 100% tax above 50 million dollars. The Roman tax could be duplicated  progressively on the extremely wealthy, starting at the Roman Republican level, 50 million dollars (I computed that in the past)… BUT, by adding assets and loans… So taxing the entire revenue (so to speak).

Patrice Ayme  


Rise, Republic, Plutocracy, Degeneracy, Fall And Transmutation Of Rome

Power Exponentiation By A Few Destroyed Greco-Roman Civilization. Are We Next?

SoundEagle 🦅ೋღஜஇ

Where The Eagles Fly . . . . Art Science Poetry Music & Ideas

Artificial Turf At French Bilingual School Berkeley

Artificial Turf At French Bilingual School Berkeley

Patterns of Meaning

Exploring the patterns of meaning that shape our world

Sean Carroll

in truth, only atoms and the void

West Hunter

Omnes vulnerant, ultima necat

GrrrGraphics on WordPress

www.grrrgraphics.com

Skulls in the Stars

The intersection of physics, optics, history and pulp fiction

Footnotes to Plato

because all (Western) philosophy consists of a series of footnotes to Plato

Patrice Ayme's Thoughts

Striving For Ever Better Thinking. Humanism Is Intelligence Unleashed. From Intelligence All Ways, Instincts & Values Flow, Even Happiness. History and Science Teach Us Not Just Humility, But Power, Smarts, And The Ways We Should Embrace. Naturam Primum Cognoscere Rerum

Learning from Dogs

Dogs are animals of integrity. We have much to learn from them.

ianmillerblog

Smile! You’re at the best WordPress.com site ever

Defense Issues

Military and general security

RobertLovesPi.net

Polyhedra, tessellations, and more.

How to Be a Stoic

an evolving guide to practical Stoicism for the 21st century

Rise, Republic, Plutocracy, Degeneracy, Fall And Transmutation Of Rome

Power Exponentiation By A Few Destroyed Greco-Roman Civilization. Are We Next?

SoundEagle 🦅ೋღஜஇ

Where The Eagles Fly . . . . Art Science Poetry Music & Ideas

Artificial Turf At French Bilingual School Berkeley

Artificial Turf At French Bilingual School Berkeley

Patterns of Meaning

Exploring the patterns of meaning that shape our world

Sean Carroll

in truth, only atoms and the void

West Hunter

Omnes vulnerant, ultima necat

GrrrGraphics on WordPress

www.grrrgraphics.com

Skulls in the Stars

The intersection of physics, optics, history and pulp fiction

Footnotes to Plato

because all (Western) philosophy consists of a series of footnotes to Plato

Patrice Ayme's Thoughts

Striving For Ever Better Thinking. Humanism Is Intelligence Unleashed. From Intelligence All Ways, Instincts & Values Flow, Even Happiness. History and Science Teach Us Not Just Humility, But Power, Smarts, And The Ways We Should Embrace. Naturam Primum Cognoscere Rerum

Learning from Dogs

Dogs are animals of integrity. We have much to learn from them.

ianmillerblog

Smile! You’re at the best WordPress.com site ever

Defense Issues

Military and general security

RobertLovesPi.net

Polyhedra, tessellations, and more.

How to Be a Stoic

an evolving guide to practical Stoicism for the 21st century

Rise, Republic, Plutocracy, Degeneracy, Fall And Transmutation Of Rome

Power Exponentiation By A Few Destroyed Greco-Roman Civilization. Are We Next?

SoundEagle 🦅ೋღஜஇ

Where The Eagles Fly . . . . Art Science Poetry Music & Ideas

Artificial Turf At French Bilingual School Berkeley

Artificial Turf At French Bilingual School Berkeley

Patterns of Meaning

Exploring the patterns of meaning that shape our world

Sean Carroll

in truth, only atoms and the void

West Hunter

Omnes vulnerant, ultima necat

GrrrGraphics on WordPress

www.grrrgraphics.com

Skulls in the Stars

The intersection of physics, optics, history and pulp fiction

Footnotes to Plato

because all (Western) philosophy consists of a series of footnotes to Plato

Patrice Ayme's Thoughts

Striving For Ever Better Thinking. Humanism Is Intelligence Unleashed. From Intelligence All Ways, Instincts & Values Flow, Even Happiness. History and Science Teach Us Not Just Humility, But Power, Smarts, And The Ways We Should Embrace. Naturam Primum Cognoscere Rerum

Learning from Dogs

Dogs are animals of integrity. We have much to learn from them.

ianmillerblog

Smile! You’re at the best WordPress.com site ever

Defense Issues

Military and general security

RobertLovesPi.net

Polyhedra, tessellations, and more.

How to Be a Stoic

an evolving guide to practical Stoicism for the 21st century