The Oligarch Tax Bracket – How the Tax Rate for the Wealthiest 400 Americans Plunged from 27% to 17%

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I never liked the saying: “We are the 99%.” While admittedly catchy and effective as a slogan, I think it is ultimately divisive and counterproductive. The reason I say this is because the statement itself alienates much needed allies for no good reason.

In a country with a population of 320 million, the 1% represents 3.2 million people, which is a pretty big number. While the 1% certainly have far superior material lives compared to the 99%, that doesn’t mean a particularly large percentage of them are thieves, cronies or oligarchs. In fact, it behooves people interested in transitioning to another paradigm to court as many of them as possible to the cause. It is very useful to have well meaning people with resources and connections on your side. To blithely assume there aren’t plenty of potential allies from a pool of 3.2 million is committing strategic suicide.

– From the post: Charting the American Oligarchy – How 0.01% of the Population Contributes 42% of All Campaign Cash

Much of my focus throughout 2015 was on the pernicious influence of the 0.01%, i.e., the American oligarchy. Indeed, nothing would please oligarchs more than to define a struggle as the 99% vs. the 1% in order to shift attention away from the real root of the problem, themselves.

As I’ve mentioned time and time again, 99% of the 1% doesn’t bribe politicians, write tax laws, or influence U.S. foreign policy. To discover the real players, the people who drive American domestic and foreign policy, as well as make all of the important decisions, you only need to focus on a hand full of people.

Today, the New York Times published an important article that proves the point. Here are the key paragraphs in the entire lengthy article:

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In New York City, Workers with Full Time Jobs Are Living in Homeless Shelters

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Puleo added he has “never seen” the homeless situation this bad.

Dilcy Benn, president of the union’s Local 1505, said more than 100 of the 1,000 parks workers she represents are living in shelters and at least another four, including Torres, are living on the streets on Staten Island and The Bronx. 

– From the Market Watch article: Hundreds of Full-Time New York City Workers are Homeless

One of the main data points that pundits and politicians who claim there is an “economy recovery” point to is jobs created. Please tell me, what good is a job if it can’t earn you a roof over your head?

Welcome to the Oligarch Recovery.

From Market Watch:

Angelo Torres punches in to work at 5 a.m. each weekday and spends the next eight hours cleaning up debris on Staten Island’s Midland Beach.

It’s a grueling job, says the veteran Parks Department maintenance worker, but also a welcome escape from the uncertainty of living on the streets as one of the city’s more than 300 full-time workers who are homeless.

“I cry every night thinking this isn’t really happening, but it is,” Torres, 45, told The Post.

Torres earns $33,662 a year but says it’s not enough to find four walls and a roof to call his own in a city where, according to StreetEasy, the median rent is $2,690 a month.

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How the Department of Justice is Actively Trying to Prevent Civil Asset Forfeiture Reform

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Civil asset forfeiture is one of the most unethical and barbaric practices routinely performed by law enforcement in these United States today. Naturally, the Department of Justice is doing everything it can to protect the practice.

When I say that the rule of law is dead in America, I am not exaggerating. In fact, with each passing day it becomes increasingly obvious that the Justice Department not only has no interest in justice, it appears to view its primary role as coddling and protecting lawlessness amongst the so-called “elite” and their minions.

Today’s post proves the point once again. The state of California is in the process of passing a civil asset forfeiture bill, and in response, the DOJ is providing talking points to the California District Attorneys’ Association so that it can more effectively fight the bill. All of this after the DOJ had previously expressed faux support for civil asset forfeiture reform.

TechDirt reports:

At the beginning of this year, Attorney General Eric Holder attempted to close an exploitable loophole in asset forfeiture laws. State and local law enforcement agencies often sought federal “adoption” of seizures in order to route around statutes that dumped assets into general funds or otherwise limited them from directly profiting from these seizures. By partnering with federal agencies, local law enforcement often saw bigger payouts than with strictly local forfeitures.

The loophole closure still had its own loopholes (seizures for “public safety,” various criminal acts), but it did make a small attempt to straighten out some really perverted incentives. But deep down inside, it appears the DOJ isn’t really behind true forfeiture reform. In fact, it seems to be urging local law enforcement to fight these efforts by pointing out just how much money these agencies will “lose” if they can’t buddy up with Uncle Sam.

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Video of the Day – Ralph Nader Blasts Harvard Law School for Serving “Corporate Crooks on Wall Street”

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Would you be proud of representing the corporate crooks in Wall Street? What is the purpose of the Harvard Law School? Well, you know who knows what the purpose is? The corporate giants. They know exactly what the purpose of the Harvard Law School is. It’s to provide endless relays of lawyers who service their interests.

Harvard Law is not an institution that provokes any kind of consternation or fear among the power structure, just the opposite. It’s an institution, and I’ll get around to the exceptions. On the whole, it’s an institution that rationalizes corporate power brilliantly, services corporate power brilliantly with its graduates and some of its departments here.

– Ralph Nader during a recent speech at Harvard Law School

Ralph Nader is a Harvard Law School graduate. Here’s what he had to say about the institution’s shameless decay into the worship of greed and cronyism.

Two words: Banana Republic.

For related articles, see:

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