Tag: Rich
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Letter in Support of a Wealth Tax
A CALL TO ACTION: A LETTER IN SUPPORT OF A WEALTH TAX JUNE 24, 2019 TO: 2020 Presidential Candidates We are writing to call on all candidates for President, whether they are Republicans or Democrats, to support a moderate wealth tax on the fortunes of the richest 1/10 of the richest 1% of Americans —…
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Heilbroner: Capitalism vs. Communism
Hi. I came across this article written in 1967 by Robert L. Heilbroner and figured I would share it. It’s a bit outdated, but it has some interesting thoughts. You tell me? The Revolution of Rising Expectations: Rhetoric and Reality Is the United States fundamentally opposed to economic development? This question is outrageous. … There…
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The Founding Fathers vs. the “Dangerous Influence of Those Multitudes Without Property”
Hi. Following up on my article The True Purpose of the US Senate The proceedings of the Constitutional Convention of 1787 are full of interesting information. Let’s read some of the commentary on the discussion concerning Article 4: The legislative Power of the United States shall be vested in two (Branches a Senate and a House…
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John Adams On Reasons for Restricting Democracy
26 May 1776, Philadelphia, USA. Letter from John Adams to James Sullivan (Lawyer and politician of Massachusetts) Adams is responding to Sulliavn’s claim that “Laws and Government are founded on the Consent of the people, and that consent should by each member of Society be given in proportion to his Right. Every member of Society…
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Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”
In October 16, 2005, Citigroup came out with a brochure for investors called “Plutonomy: Buying Luxury, Explaining Global Imbalances” urging investors to put money into a “Plutonomy Basket” Here are my favorite excerpts: The World is dividing into two blocs – the Plutonomy and the rest. The U.S., UK, and Canada are the key Plutonomies – economies…
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Jefferson: Create Paradise by Taxing the Rich
All this talk about taxes makes me think of Jefferson: Thomas Jefferson to Pierre Samuel Du Pont de Nemours15 Apr. 1811, Monticello, Virginia, USA The poor man in this country who uses nothing but what is made within his own farm or family, or within the US. pays not a farthing of tax to the…
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Will the Real Adam Smith Please Stand Up!
Excerpted from Class Warfare, 1995, pp. 31-36 DAVID BARSAMIAN: One of the heroes of the current right-wing revival… is Adam Smith. You’ve done some pretty impressive research on Smith that has excavated… a lot of information that’s not coming out. You’ve often quoted him describing the “vile maxim of the masters of mankind: all for…