Wealth

This is the sixth set of notes for a reading group on Marx’s Capital, and includes a Volume I refresher for further reading of Volume II. There are links to earlier posts and texts that may be useful. Marx is probably too taken with a kind of scientism by proposing...

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  • October 25, 2021

If you haven’t seen Netflix’s Squid Game yet—well, what are you waiting for? If anything is a parable for our time, this is it. Too often meteoric cultural phenomena that purport to capture the zeitgeist fail to capture my interest, but this one is different. If you believe, as I...

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  • October 14, 2021

Radio Host Tim Danahey sent me a note that gave me pause. If we could make sure all Americans understand this, we could force the hands of politicians on the wealth tax. Tim Danahey’s wealth tax calculation. See full episodes here. Here is the note I received from Tim. Dude,...

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  • June 15, 2021

They have self-defined as the makers. So they enrich themselves on what we make, our work, worth, and service like parasites. And here’s proof. Super rich people define parasites See full episodes here. The title of the article was simple enough and to the fact. Unfortunately, that is too antiseptic....

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  • June 11, 2021

Living with the nagging uncertainty of being racially discriminated against and worst not being believed shatters the psyche. The most devastating effects are that people of color start to accept their treatment as their unchangeable fate. Asking white friends to hail a cab at night, telling one’s kids to keep...

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  • June 7, 2021

Several hundred million pounds of the UK Treasury may get allocated to a new, replacement yacht for the Queen, likely to be used more by Prince Chuck. Because that’s where national wealth should go. Most of the announcements have resembled Trumpist PR for Space Force. The "national flagship" announcement has no...

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  • June 6, 2021

I don’t know if this statement has been diarized, my apologies, but it bears repeating often, so if anyone missed it. The Threats to American Democracy and the Need for National Voting and Election Administration Standards The Bolding is mine Introduction We, the undersigned, are scholars of democracy who have...

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  • June 6, 2021

This edited segment was the most powerful on Tiffany Cross’s Cross Connection. It completely addresses the moral and economic reasons for reparations. Tiffany Cross uses segment to make the case See full episodes here. Tiffany Cross was on Tulsa’s former black subdivision in Tulsa, Oklahoma, known as Black Wall Street. It...

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  • May 29, 2021

Critical Race Practice. Organizers have canceled plans for an afternoon of speeches and performances commemorating the centennial on Monday of the Tulsa massacre. This reminds us that the early 1920s was a mass othering of America that includes events like the Wall Street bombing of 1920, whose death toll was exceeded in the Tulsa...

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  • May 28, 2021

Oklahoma’s right-wing politicians would like to erase history because that’s what they do, whether it’s the omission of facts or rewriting them to favor those in power. Historical guilt and its associated media effects cooties can’t be part of public school curricula. H.B. 1775  implies that the past prior to 1776...

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  • May 24, 2021

Meandering nonsense highlighted by searches for bamboo fibers, and official lies issued from Mar-a Lago, are exactly what Donald Trump expected to be doing in 2016. The 2020 election with Joe Biden as his opponent was what he expected the first time around with Hillary Clinton; a loss. I am...

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  • May 21, 2021

The usual handicapping for a new Fed Chair is happening, but likely it’s too early. Lael Brainard and William Spriggs would be front-runners. Jay Powell's term is up next February, when Biden can choose to extend his appointment. We’ll know so much more then, what with a looming recession. x Biden...

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  • May 11, 2021

Because Hawley’s whines about Big Tech while promoting sales of his book on Amazon, the epitome of …. Big Tech. “Democrats are eyeing a comeback in Missouri, believing the Capitol riot hurt Republicans in the state, not least because of Josh Hawley’s prominent role.” “Don’t try to censor, cancel, and silence...

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  • May 10, 2021

Received this e-mail today from Marine Veteran Lucas Kunce’s (D. MO) U.S. Senate campaign: President Biden, labor activists, and everyday workers across the country are all calling on the U.S. Senate to pass the PRO (Protecting the Right to Organize) Act. They’re absolutely right, we need this bill to get...

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  • May 1, 2021

For some reason I don’t have complete faith in this vote audit they’re performing in Arizona. For one thing, hardly anyone heard of Cyber Ninjas, the company that’s performing the audit, before this farce commenced. For another, the company is named “Cyber Ninjas.” That’s like going with a wealth management firm called...

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  • May 1, 2021

A little over a year ago, Republican Senator Lindsey Graham postured that helping out hungry Americans would make them lazy. “Very few people would choose work over unemployment benefits that provided moderately more money,” said Graham. Not only was this an attack on those in need but their work ethic...

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  • April 30, 2021

I grew up in Wisconsin, so I happen to know there are thousands of Ron Johnsons haunting various backwater dairyland redoubts, oafishly sounding out exotic menu items like “jalapeño poppers” at supper clubs, ordering one brandy Old-Fashioned after another, and dribbling chunky rivulets of tartar sauce down their chins onto musty,...

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  • April 22, 2021

I refute Rep. Kevin Brady’s defense of GOP’s objections to taxing corporations with a myriad of lies and misinformation in his Stephanie Ruhle interview. Stephanie Ruhle grills Rep. Kevin Brady (R-TX) See full episodes here. Republican Texas Congressman Kevin Brady appeared with Stephanie Ruhle. He expressed Republican objection to any...

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  • April 22, 2021

If anything a nightly rant by David Letterman about Madoff marked the 2000s, with $65 billion swindled. x T***p surprised some observers by not pardoning Madoff (through brokerage) & by not staging a Kent State massacre of protesters; but he more than made up for these omissions by facilitating the...

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  • April 14, 2021

Kitchen Table Kibitzing is a community series for those who wish to share a virtual kitchen table with other readers of Daily Kos who aren’t throwing pies at one another. Drop by to talk about music, your weather, your garden, or what you cooked for supper…. Newcomers may notice that...

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  • April 10, 2021

Director/Producer Arthur Kanegis discusses his latest film, ‘The World Is My Country,’ Income/wealth inequality is even more obscene. Voter suppressing myths. Arthur Kanegis on his film “This World Is My Country” Politics Done Right Live weekdays @ 3:00 PM Central Video Zoom: LINK — Live Calls: (346)248-7799 ID:254 0 9091...

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  • April 8, 2021

Economist on Morning Joe displayed the obscene nature of inequality. The wealthy got much richer during the pandemic. It demonstrates a failed economic system. Pandemic exposes inequality further See full episodes here. Former investment banker Steven Rattner appeared on Morning Joe and displayed some eye-popping charts. It is imperative that Americans understand these charts. A...

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  • April 8, 2021

“As in the Times Op-Ed from which the book originated, the title refers to the results of studies conducted in Germany from the mid-nineteen-eighties onward, which reported, among other intriguing findings, that eighty per cent of East German women always experienced orgasm during sex, compared to sixty-three per cent of...

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  • April 8, 2021

I read “Biden Can Go Bigger and Not ‘Pay for It’ the Old Way” by Economics Professor and MMT advocate Stephanie Kelton. It is an important read that we need to understand. Stephanie Kelton hits the nail on the head. See full episodes here. Ironically Professor Kelton shared some concerns with former...

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  • April 7, 2021

Chuck Todd challenged Sen. Roger Wicker on Republican policy failures, including a tax cut that did not work, while GOP opposes the infrastructure bill. Chuck Todd called out Republican policies See full episodes here Chuck Todd did something he rarely does. He consistently challenged a Republican on his program. Moreover, he...

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  • April 4, 2021

Transportation Secretary Pete Buttigieg slammed Texas. Rep. Sheila Jackson Lee supports Supreme Court Expansion. GOP ignores the M4A vote. It is time to tax the rich. Pete Buttigieg slams Texas Chat – Join Politics Done Right Live weekdays @ 3:00 PM Central Video Zoom: LINK — Live Calls: (346)248-7799 ID:254...

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  • April 1, 2021

Change as a rising tide seems to be falling short as history’s stream is not as mighty. Apparently slavery is still “ordained by God for ultimate good” at Baylor University, as a RW campus group wants to accuse the University of canceling its “Christian identity”. No mention of its athletic team’s...

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  • April 1, 2021
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Like Martin Luther objecting to Pope Leo X selling indulgences to raise money for a variety of excesses, the environmental costs of carbon markets far exceed the benefits. Austerity would have denied us Renaissance art which is less at risk in an age of non-fungible tokens. Today the consequences for the planet...

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  • March 28, 2021

As many here know I am a Democratic Socialist and a long time Bernie supporter. I listened to Biden today and was impressed as he sounded like a democrat of old, i.e. what present day republicans would term as a screaming raving socialist. I was happy with my vote for...

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  • March 25, 2021

Twitter is dragging Jonathan Turley because of attributing a Rousseau quote to the Reign of Terror, but more likely because they mistook him for Jeffrey Toobin. That’s the nature of conservative culture war, making class warfare a struggle more transcendent and less applicable in times of right-wing insurrection.  x Since philosopher Jean...

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  • March 20, 2021

The country needs to take a second look at the meaning of radical and change. Since January of 2019, the Republican party has drawn from their quiver, poisoned conservative-tipped arrows, sharpened and aimed directly at the liberal heart of Alexandria Ocasio-Cortez. As has been consistent with the Republican party for...

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  • March 8, 2021

Both Jake Tapper & Martha Raddatz grilled Joe Manchin on why a Senator from a poor state would limit their income and on the filibuster. He gave willfully naive answers. Joe Manchin: Willfully naive answers See full episodes here. Jake Tapper immediately pointed out the inconvenient truth about Joe Manchin’s constituency....

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  • March 7, 2021

Received this e-mail today from U.S. Senator Chris Van Hollen’s (D. MD) re-election campaign: Wealth and income inequality in America have been increasing dramatically for decades and Trump’s 2017 billionaire tax-cut made this situation even worse. We are now experiencing the extreme inequality levels that existed just prior to the...

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  • March 4, 2021

From Rolling Stone: The Covid relief package is providing a platform for a historic Senate newcomer to deliver for a long-struggling constituency: black farmers. Led by Sen. Rev. Raphael Warnock of Georgia, Senate Democrats are touting a $5 billion provision in the relief bill that will wipe out federal debts...

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  • March 3, 2021

Not supporting the minimum wage is not just a difference in policy issues. It is a license for businesses to institute codified wage theft. It is that simple. Government sanctioned wage theft See full episodes here. I continue to marvel at how effective our economic system is in robbing workers of...

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  • March 2, 2021
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The sparse number of actual carbon capture and sequestration projects plus weak carbon markets amplify the problems of the climate crisis yet to be revisited, post-Trump. Two heartland examples in North Dakota and Texas show how there are several interlocking problems addressing the climate crisis that must be included in future environmental policy. More specifically...

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  • February 28, 2021

Republican Senator Bill Cassidy appeared on a gaslighting mission claiming the COVID Relief bill is a Trojan Horse. He wants Democrats to listen to the ones who’ve crashed the economy any time they’ve been in power. Trojan Horse: No! That has been the GOP policies See full episodes here. It baffles...

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  • February 28, 2021

Darn those class commitments, aligning us to our political choices in a democracy, made worse by all those folks who knew they were in that Gilded Age. “If the future of the Democratic Party is in the rich suburbs, the future of American politics is another long Gilded Age.” Matt...

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  • February 28, 2021

Sadly too many Americans allow the con from Republicans on spending. Ali Velshi exposes what is hidden in plain sight that should give us pause. Ali Velshi exposes Republicans, Mitch McConnell See full episodes here. The House of Representatives passed the COVID-19 relief bill. The House passed its $1.9 trillion...

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  • February 27, 2021

We must make the Texas Catastrophe the nail-in-the-coffin for post-Reagan failed economics. Economist Paul Krugman is not sure. I am! Why? Post-Reagan failed economics must end See full episodes here. Conservative economic policies hurt the poor and middle-class as it transfers wealth to a few. The Texas Electric grid catastrophe is...

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  • February 24, 2021

CNN’s Dana Bash ripped Rep. Michael McCaul (R-TX) for begging for federal assistance when they wanted independence from the national grid. CNN’s Dana Bash perfect call out on the hypocrisy of conservatism See full episodes here. Texas decided to forego the national electric grid to avoid federal regulations. Now they are...

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  • February 21, 2021

Texas is the coalmine canary of failures in the GQP’s industrial policy. The “clusterfuzzle” appears to be only in Texas: perhaps they skimmed on costs and failed in winterizing their plants. The structural failure comes from the anti-federal, deregulatory policy of the Texas grid which reveals itself in the disinformation...

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  • February 18, 2021

Received this e-mail today from U.S. Senator Jon Ossoff (D. GA) in support of U.S. Senator Maggie Hassan’s (D. NH)  re-election campaign: Sen. Maggie Hassan (D. NH) 1,017 votes. That was the margin in Democrat Maggie Hassan's U.S. Senate election in New Hampshire in 2016. Well now Maggie is up...

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  • February 3, 2021

The best explanation of short selling (as it applies to GameStop) that I've read pic.twitter.com/o9ZL5HqsKf — John M. Cunningham (@jmcunning) January 28, 2021 1/2Short selling means borrowing shares and immediately selling them. When the price goes down, they buy them back for cents and return them to the lender. This...

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  • January 31, 2021

Let me clear from the start, I respect other peoples religions based purely on personnel faith and belief just as long as they don’t try and force them upon me or others. I’m not in favour of an imposed group think. Conspiracy theories and organized religion play upon the same...

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  • January 30, 2021

Conservatives love to mythologize wealthy people as brave, resolute, patriotic captains of industry who won’t let anything get in the way of their success. At the same time, they also frequently portray the rich as timid little whelps who will instantly grab their balls and go home if anyone tries to pluck...

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  • January 29, 2021

For a brief moment after Trump sent his myrmidons to storm the Capitol where Mitch McConnell was telling the Senate the Biden election was legal, he was angry at what had just happened that he actually showed emotion. “The mob was fed lies,” the GOP leader said on the Senate...

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  • January 28, 2021

This post in the Anticapitalist Chat supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx Reproduction and accumulation Capital is “self-valorising value”. But for capital to continue to generate new value and create surplus-value, this surplus-value must itself by reinvested back into production – that is, surplus-value must be...

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  • January 4, 2021

Speaker of the House Nancy Pelosi did not mince her words. Most importantly, she necessarily assigned blame and pointed out the immorality of GOP Senators. Nancy Pelosi defines GOP Senator's immorality x x YouTube Video See full episodes here. Speaker of the House Nancy Pelosi did something that Progressives and Democrats need...

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  • December 30, 2020