Thanks to Pope Francis, Revolt Against the Global Super-Rich Is Underway
2013: Rise of the plutocrats made it to the top of the international agenda.
Pope Francis published an apostolic exhortation criticizing TRICKLE DOWN and the “economy of exclusion”
NYC = Global capital of plutocracy = Elected PROGRESSIVE MAYOR IN LANDSLIDE
USA #1 in WEALTH AND INCOME INEQUALITY in the developed WORLD
Surging Inequality for 40 YEARS = Most important issue of our time
2008 COLLAPSE OF FINANCIAL PONZI SCAM SHOWED HOW SICK THE PLUTOCRACY IS!
WORLD WAS SOLD THE DUAL LIES OF TRICKLE DOWN AND JOB CREATORS TO PULL OFF THE BIGGEST HEIST OF MIDDLE CLASS WEALTH IN HUMAN HISTORY!
SLAVE LABOR Globalization + Technology = 425 MULTI-NATIONAL BILLIONAIRES
CREDIT BUBBLE WAS CRASHED AND ANOTHER LIE = TOO-BIG-TO-FAIL = THE NEXT BIG SCAM ON THE MIDDLE CLASS = STILL GOING STRONG AT THE FED!
FOR DECADES THE WEALTH WAS TRANSFERRED TO THE TOP WHILE MIDDLE CLASS STAGNATED AS MILLIONS OF JOBS WERE SENT TO SLAVE LABOR COUNTRIES
2013 = REVOLT against PLUTOCRATS began = POWERFUL + Consequential moment
- NYC Bill DeBlasio as mayor – blessed by Clintons
- California Governor Jerry Brown’s successful tax increase on the rich
- Elizabeth Warren party leader
- Despair of Frank Luntz = Believe the left has won argument on income inequality
- France = New 75% tax on the super-rich
- Switzerland = NEW law giving shareholders a binding vote on CEO compensation
Democracy = Populist backlash is deeply reassuring
Biggest fear of rise of the plutocrats = Capture political power WITH BRIBERY to buy political voice and cognitive capture of the political elitists
“We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both”.
— Louis Brandeis at the height of America’s first Gilded Age
MATH FACT: Democracies electoral math = Demographics NOT bank balances
COROLLARY: Politically free systems = MUST DELIVER ECONOMICALLY for vast majority OR FAIL
2014 to 2017 QUESTION = Will Plutocrats RESPOND or be TOSSED?
Plutocrats = THINK they HAVE PERSONAL VIRTUE AND ACHIEVEMENT = Made their own fortunes = Pride of accomplishment = USED FOREIGN SLAVERY AND SCAMS FOR 40 YEARS TO DRAIN THE MIDDLE CLASS
THE 99% HAVE BEEN SHAFTED = Mood the last time income inequality soared and the masses fought back.
Plutocrats = DON’T LIKE THE MASSES FIGHTING BACK
“We know now that Government by organized money is just as dangerous as Government by organized mob. Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me — and I welcome their hatred.”
— FDR
Plutocrats = CAN SHOOSE TO create a capitalism that works for all us OR LEAVE
WHERE ARE THE REAL JOB CREATORS NOT THE FINANCIAL EXTRACTORS?
THE EXTRACTORS CAN LEAVE WE WILL DO BETTER WITHOUT THEM!
1920s & 1930s Economic elitists who compromised with the rest of society = fared best
Chrystia Freeland is a Liberal member of the Canadian Parliament and author of “Plutocrats: The Rise of the New Global Super Rich.”
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