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Keyword: classwarfare

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  • The Sisyphus Economy! Top 1% Of Earners Gaining Wealth Relative To Middle Class Thanks To The Federal Reserve And Federal Government Policies (Top 1% Have More Wealth Than The Middle Class)

    02/20/2024 6:42:09 AM PST · by Kaiser8408a · 16 replies
    Confounded Interest ^ | 02/20/2024 | Anthony B. Sanders
    According to mythology, Hades made King Sisyphus roll a huge boulder endlessly up a steep hill in Tartarus. Unfortunately, the modern day version of Sisyphus is the middle class pushing a boulder endlessly up a steep hill while the top 1% (the elite class) horde more and more wealth. An example of the Sisyphus economy? The top 1% of earners (blue line) have seen an incredible increase in net worth, particularly after Fed Chair Alan Greenspan’s big rate cuts (green line) from 2000 to 2004. Each subsequent rate cuts under Bernanke (2007-2008) and Yellen (who just kept rates too low...
  • Whirring propaganda machines: USA Today article seeks to gin up class hate and animosity towards the rich and successful

    12/13/2023 8:42:50 AM PST · by SeekAndFind · 37 replies
    American Thinker ^ | 12/13/2023 | Jack Hellner
    There’s apparently no end to how far the mainstream operatives will go in their quest to destroy the virtues of the West, and a USA Today article published last week is a prime example.The man behind the piece, Daniel de Visé, essentially implies that anyone not born into tremendous wealth doesn’t have a chance at success, and those who are rich only got that way by mere circumstance and birthright, overtly implying that capitalism has caused this problem and that, we must work harder for equality.There are huge problems with de Visé’s article, but I will do my best to...
  • Biden flunks Econ 101 with ‘incoherent’ inflation tweet

    12/09/2023 6:51:20 PM PST · by ChicagoConservative27 · 20 replies
    MSN ^ | 12/09/2023 | Jon Miltimore
    President Joe Biden’s approval rating is tanking, and he’s now trailing former President Donald Trump in national polls, as well as in some key swing states. Vox blames the economy for Biden’s plunging popularity — or at least voters’ perception of the economy. A new Gallup poll shows that just 32% of people approve of Biden’s handling of the economy. To combat the narrative that Biden’s policies are to blame, the White House has gone on the offensive, attacking billionaires and blaming corporations for the economic pain the public is experiencing.
  • The Sovereign accounts of the rich and powerful exposed

    07/16/2022 1:48:55 PM PDT · by Twotone · 56 replies
    Oculum Labs ^ | unknown | Staff
    As we have reported the IT whistle blowers (aka white hat hackers) tasked with stress-testing the Financial Reset CSRQ-SM Software immediately too issue with the disturbing, exclusionary class system being implemented. They did not agree with it, and they have blown the whistle. Over the course of many months, they searched different individuals to learn about their classification and took screenshots of these results.
  • Young people struggling amid inflation are entitled, says CEO worth about $400m

    04/04/2022 7:08:38 PM PDT · by anthropocene_x · 43 replies
    The Guardian ^ | 2 April, 2022 | Arwa Mahdawi
    Robert Kapito, the president of asset management behemoth BlackRock, earns about $20m a year and is worth around $400m. You can buy a lot of fancy trinkets with that kind of money but alas it doesn’t seem to purchase much self-awareness. We are in the middle of a cost of living crisis, with low-income households disproportionately affected by the highest inflation in 40 years. People are struggling to heat their homes and worrying about feeding their families thanks to rocketing food prices. Kapito’s reaction to all this? To complain to a bunch of energy executives about how entitled young people...
  • Democrats Back Away From Raising Tax Rates to Pay for Agenda

    10/21/2021 12:56:15 PM PDT · by where's_the_Outrage? · 17 replies
    NYT ^ | Oct 21, 2021 | Jim Tankersley and Emily Cochrane
    WASHINGTON — The Biden administration and congressional Democrats are moving toward dropping their push to raise corporate and individual income tax rates to pay for their sprawling domestic policy bill, instead drafting a plan that includes new ways to tax the wealthy and multinational corporations, according to people familiar with the discussions..... Mr. Biden had proposed paying for those programs by raising the top individual income tax rate to 39.6 percent from 37 percent and the corporate rate to 28 percent from 21 percent. Administration officials have said privately in recent weeks that they believed Ms. Sinema would eventually support...
  • The long-run tendency for wealth to concentrate in a few hands

    09/18/2021 9:06:12 AM PDT · by doug from upland · 50 replies
    uk business review ^ | Sept 2021 | Helena Vieira
    In recent years, long-term trends in economic inequality have attracted growing attention from social scientists, which also reflects civil society’s increasing awareness of the deepening economic disparities. In this context, particular attention has been paid to the share of the total income or wealth earned/owned by the top of the distribution – usually the top 1%, 5% or 10% among individuals or households. The share of the top richest is both interesting per se (as it is informative of “how rich” the better-off are), and as an indicator of the overall trends in economic inequality. New time series of wealth...
  • Student Loan Class Warfare

    08/12/2021 12:21:58 PM PDT · by PoliticallyShort · 15 replies
    The American Mind ^ | 08/12/21 | Inez Stepman
    Last Friday, the Department of Education announced another extension of COVID-19 emergency student loan forbearance, which allows the 92 percent of student debtors whose loans are backed by the federal government an additional six months without making any payments. Loan forgiveness is often packaged as a benefit for those on the lower half of the income spectrum. Senator Elizabeth Warren, for example, tweeted her two cents on Monday, calling for “#CancelStudentDebt.” During her failed run for the presidency, her campaign website justified total cancellation as a benefit to the working and middle classes. Avowed class warrior Bernie Sanders has also...
  • Tiananmen Square Tank Man vanishes from Microsoft Bing, DuckDuckGo, other search engines – even in America

    06/05/2021 7:30:54 AM PDT · by Salman · 42 replies
    The Register ^ | 4 Jun 2021 | Thomas Claburn
    Thirty-two years ago, on June 4, 1989, Chinese troops killed and arrested thousands of pro-democracy protesters in Beijing's Tiananmen Square, putting an end to demonstrations that began that April. Microsoft's Bing has no memory of an iconic moment from that time: there's no record of Tank Man – the lone protester who faced down a column of tanks – in Bing's image search index. ... Just as this article was about to be published, we saw that at least one photo of the Tank Man can be seen in Bing search results again albeit not very prominently. ...
  • Here’s How Much More Jeff Bezos And Walmart Heirs Made Than Their Employees During The Pandemic

    01/01/2021 12:58:33 PM PST · by Onthebrink · 50 replies
    Daily Caller ^ | 12/29/2020 | Thomas Cantenacci
    Amazon CEO and founder Jeff Bezos and the heirs to Walmart have made approximately $116 billion during the pandemic even as their employees have made a fraction of that in hazard pay, according to a Brookings Institution report. Jeff Bezos and the Walmart heirs, the Walton family, have made 35 times the amount their companies gave to more than 2.5 million workers in pandemic-related hazard pay, according to the December Brookings Institution report. Amazon and Walmart have given significantly less than competitors such as Best Buy, Target and Costco.
  • Tucker Carlson: Kenosha riots prove urban unrest is 'class war masquerading as a race conflict'

    08/26/2020 6:19:51 AM PDT · by knighthawk · 41 replies
    Fox News ^ | August 26 2020 | Angelica Stabile
    'Joe Biden's voters really are a threat to you and your family' The mainstream media was “outraged” by Mark and Patricia McCloskey’s remarks at the Republican National Comvention, yet the riots in Kenosha, Wis., proved that Democrats really are a threat to America's safety, Tucker Carlson argued Tuesday. The McCloskeys spoke out against protest violence in suburban neighborhoods and claimed Democrats have declared war on the middle class. The “Tucker Carlson Tonight” host said the media simply couldn’t handle the truth. “The usual all-moron panel swung into action to denounce them, [saying] 'everything the McCloskeys said was totally untrue' ......
  • Sen. Bernie Sanders proposes one-time tax that would cost Jeff Bezos $42.8 billion, Elon Musk $27.5 billion

    08/07/2020 6:49:15 PM PDT · by SeekAndFind · 89 replies
    CNBC via MSN ^ | 08/07/2020 | Lauren Feiner
    Top tech leaders and other billionaires would be forced to hand over billions of dollars in wealth they've gained during the coronavirus pandemic under a new bill introduced by Sens. Bernie Sanders, I-Vt., Ed Markey, D-Mass., and Kirsten Gillibrand, D-N.Y. The "Make Billionaires Pay Act" would impose a one-time 60% tax on wealth gains made by billionaires between March 18, 2020, and Jan. 1, 2021. The funds would be used to pay for out-of-pocket health-care expenses for all Americans for a year. As of Aug. 5, the bill would tax $731 billion in wealth accumulated by 467 billionaires since March...
  • If “white supremacists” are responsible for the violence, why is the left so against Trump taking action against those causing the violence?

    06/02/2020 12:36:41 AM PDT · by Its All Over Except ... · 29 replies
    Twitter ^ | 6/1/2020 | Paul Joseph Watson
    Andy Ngô @MrAndyNgo Incredible. @OregonGovBrown & @tedwheeler let Portland city councilwoman @JoAnnPDX spread reckless disinformation in a presser today. Without evidence, she asserted that white nationalists & white supremacists infiltrated peaceful protesters to riot & loot downtown.
  • 'You're gonna kill me!': Dallas police body cam footage reveals the final minutes of Tony Timpa's life Timpa wailed and pleaded for help more than 30 times as officers pinned his shoulders, knees and neck to the ground...

    06/02/2020 7:18:21 PM PDT · by daniel1212 · 28 replies
    Dallas morning ^ | Jul 30, 2019 | Cary Aspinwall and Dave Boucher
    Tony Timpa wailed and pleaded for help more than 30 times as Dallas police officers pinned his shoulders, knees and neck to the ground. “You’re gonna kill me! You’re gonna kill me! You’re gonna kill me!” After Timpa fell unconscious, the officers who had him in handcuffs assumed he was asleep and didn’t confirm that he was breathing or feel for a pulse. As precious minutes passed, the officers laughed and joked about waking Timpa up for school and making him waffles for breakfast. Body camera footage obtained Tuesday by The Dallas Morning News shows first responders waited at least...
  • Class Warfare Will Worsen the Pandemic

    05/23/2020 6:08:03 AM PDT · by Kaslin · 7 replies
    American ^ | May 23, 2020 | Rainer Zitelmann
    Medieval depictions of the bubonic plague often illustrated a “dance of death,” portraying peasants, noblemen, and clergy all equally afflicted by the plague. The current pandemic affects people of all classes too. It made front page news when actor Tom Hanks (net worth approximately $400 million) announced he and his wife had contracted COVID-19. Public opinion about Hanks, a beloved entertainer, is almost universally sympathetic, but attitudes toward the rich as a whole haven’t changed during the pandemic. Wealthy people remain easy targets for social prejudice and mistrust. The headlines say it all. In GQ last month: “How Are Rich...
  • NY Times Writer Stokes Alarmism About Racial and Economic ‘Inequality’ if Economy Restarts

    04/28/2020 12:56:35 PM PDT · by JV3MRC · 26 replies
    NewsBusters ^ | 4/28/2020 | Joseph Vazquez
    The farcical New York Times dealt with the question of re-opening our coronavirus-devastated economy by stoking progressive alarmism about racial and economic “inequality.” The Times published a preposterous story headlined with a false equivalency, “Job or Health? Restarting the Economy Threatens to Worsen Economic Inequality.” Author Jim Tankersley grumbled in the sub-headline that “The coronavirus recession has exacerbated the racial and income divides in America.” Tankersley continued: “Lifting restrictions too soon will make them worse and leave workers with a bleak choice.” That logic taken out of the dustbin of progressive economics was plastered on the front page of The...
  • Celebrities get virus tests, raising concerns of inequality

    03/19/2020 7:18:55 PM PDT · by Olog-hai · 16 replies
    Associated Press ^ | March 19, 2020 | Michael Biesecker, Michelle R. Smith and Tim Reynolds
    Celebrities, politicians and professional athletes faced a backlash this week as many revealed that they had been tested for the coronavirus, even when they didn’t have a fever or other tell-tale symptoms. That’s fueling a perception that the wealthy and famous have been able to jump to the head of the line to get tested while others have been turned away or met with long delays. The concerns over preferential treatment underscore a fundamental truth about inequalities baked into the American health care system — those with the financial means can often receive a different level of service. Asked about...
  • World’s 2,153 billionaires hold more wealth than 4.6 billion people combined: report

    01/19/2020 6:27:27 PM PST · by mdittmar · 60 replies
    MarketWatch ^ | Jan 19, 2020 | MarketWatch
    The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60% of the planet’s population, a new report from the charity group Oxfam says.Oxfam’s report, ‘Time to Care’, was released Sunday just ahead of the World Economic Forum in Davos, Switzerland, where about 1,500 of the world leaders in politics, business and finance come together each year.“The gap between rich and poor can’t be resolved without deliberate inequality-busting policies, and too few governments are committed to these,” Oxfam India CEO Amitabh Behar, who is in Davos to represent the Oxfam confederation this year said.
  • Is the American Dream possible? It is if you earn at least $500,000 a year

    01/10/2020 12:51:45 PM PST · by Oldeconomybuyer · 51 replies
    CBS "News" ^ | January 10, 2020 | BY AIMEE PICCHI
    To achieve the American Dream, it helps to be filthy rich. That's the upshot of a new survey that found nearly three-quarters of the top 1% of income earners in the U.S. think they've reached that classic, if somewhat hazy, benchmark of economic success and independence. By contrast, only 37% of those in the middle class believe they're living the dream. The top 1% - who earn at least $500,000 annually - are living "dramatically different life experiences" than middle- and low-income Americans, according to a poll from Harvard's T.H. Chan School of Public Health, the Robert Wood Johnson Foundation...
  • Senator Warren's Pernicious Wealth Tax

    12/27/2019 6:52:11 AM PST · by Kaslin · 15 replies
    American ^ | December 27, 2019 | Dave Rybarczyk
    I am rich. No, I do not have multiple residences, a yacht, a wine cave, or any of the storied trappings of wealth. And I certainly don't feel "rich." I am simply retired, and over a lifetime of working have accumulated assets that are meant to support me and my spouse in our retirement years. In my view, this is the responsible thing to do. We want to avoid being a burden on family, or relying on benevolent institutions or government assistance to sustain us. But some Democrat politicians, most notably Sen. Elizabeth Warren, might call me "rich" and take...