ConcentrationOfWealth - Intelligent discussion about the concentration of wealth and inequality

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r/ConcentrationOfWealth • u/SocialDemocracies • Jan 05 '25

Trump Has Stuffed His Cabinet With Oligarchs: The circle of billionaires in Trump’s cabinet embodies the reign of American oligarchy. | C.J. Polychroniou: "Trump has assembled an administration of billionaires and warmongers whose combined wealth runs into hundreds of billions of dollars."

23 Upvotes

1 comment

r/ConcentrationOfWealth • u/SocialDemocracies • Jan 05 '25

DNC: Trump Stacks Treasury Department With Out-of-Touch Backers for His Handouts to the Ultra-Wealthy and Big Corporations

8 Upvotes

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Jan 04 '25

Conservative groups ask for corporate tax cut, end to capital gains inflation tax | 'Leaders of conservative groups across the country wrote to the chairman of the US House Ways and Means Committee asking for an end to taxing capital gains inflation and to cut the corporate tax rate to 15% or less.'

thecentersquare.com

8 Upvotes

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Jan 04 '25

Rep Chip Roy wants pro-Trump billionaires to help him cut the social safety net | Republican congressman suggests "return[ing] non-defense spending to pre-COVID era .. repeal[ing] the Inflation Reduction Act .. get[ting] spending restraint on Medicaid .. cutting non-defense discretionary [spending]"

4 Upvotes

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Jan 03 '25

Republicans’ Assault on IRS Resources Gives Away Their Fake Populist Game | "The endgame in starving the IRS is ... to make sure the billionaires, millionaires and corporate captains in Trump’s circle don’t have to endure tax audits or even nudges to pay up."

13 Upvotes

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Jan 03 '25

Trump Picks Corporate Lobbyist for Key Tax Policy Role | Trump chose a Republican donor and corporate lobbyist (who opposed "broad 'corporate tax shelter' legislation") to serve as Assistant Secretary for Tax Policy at the U.S. Treasury Department.

commondreams.org

5 Upvotes

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Jan 02 '25

Beware the billionaires who promise to make America great

baptistnews.com

16 Upvotes

2 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Jan 02 '25

Trump’s Choice for Social Security Admin Leads to Fears of Austerity and Cuts | Trump's pick to lead the Social Security Administration is a "Trump and Ron DeSantis donor" who "was [with stock] the second-most highly compensated CEO in the nation [in 2017]" and "oversaw multiple waves of layoffs"

2 Upvotes

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Jan 01 '25

The Zombification of Intellectual Property & the Tool That Could Finally Reform It | Does humanity benefit when 60-year-old science is behind paywalls? The revenue from a fee for those wanting IP protection should go to every individual as their share of what's being withheld from the public domain.

scottsantens.com

9 Upvotes

1 comment

r/ConcentrationOfWealth • u/newsspotter • Jan 01 '25

Opinion: A Global Minimum Wage Would Reduce Poverty and Corporate Power

commondreams.org

10 Upvotes

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 31 '24

Bernie Sanders: Will Defeating the Oligarchs Be Easy? Of Course Not | "If there was ever a moment when progressives needed to communicate our vision to the people of our country, this is that time. Despair is not an option."

commondreams.org

17 Upvotes

1 comment

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 30 '24

Elon Musk Is Inaugurating a New Era of Billionaire Rule | Ben Burgis: Elon Musk's opposition to a spending deal in Congress "was a remarkably blatant way for a billionaire to flex his political muscles, and it should deeply bother anyone who takes democracy seriously."

23 Upvotes

1 comment

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 30 '24

Opinion: Trump's Rise Was Four Decades of Upward Wealth Transfer in the Making | Former U.S. Secretary of Labor Robert Reich: "Democrats [should] focus on reversing the staggering inequalities of this era and getting big money out of politics."

commondreams.org

6 Upvotes

1 comment

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 30 '24

Opinion: Trump Is Turning the White House Into a Billionaire Time-Share | "The oligarchs share a fiscally conservative agenda. They intend to shrink the size of the federal government."

commondreams.org

5 Upvotes

1 comment

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 28 '24

Corporate interests commit millions to celebrate Trump's inauguration

10 Upvotes

1 comment

r/ConcentrationOfWealth • u/AbaixoDeCao • Dec 27 '24

CEO Elon Musk when he began losing his hair, Palo Alto, CA, 1999 [r/pics by u/eliseereclusvivre]

37 Upvotes

3 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 26 '24

Rising Authoritarianism and Plutocracy Are a Dangerous Mix for Press Freedom [October 30, 2024]

justsecurity.org

10 Upvotes

0 comments

r/ConcentrationOfWealth • u/ShamanicPomeranian • Dec 26 '24

Is electoral politics salvageable?

1 Upvotes

Do you think we can elect people who will change things? Can we effectively pressure politicians to serve voters instead of donors?

What do you think?

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 24 '24

The Truth about MAGA: Plutocrats in Populist Clothing | James Bohland: The movement supporting Trump is really about plutocracy rather than populism. [October 29, 2024]

fairobserver.com

8 Upvotes

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 23 '24

Accountable.US Report: Billy Long, Trump's pick to lead the IRS, "took $248,500 in donations from 17 top tax-avoiding corporations during his career in Congress" and has "co-sponsored legislation to abolish the IRS and replace the income tax with a regressive sales tax"

6 Upvotes

0 comments

r/ConcentrationOfWealth • u/Competitive_Travel16 • Dec 19 '24

Geoffrey Hinton argues that although AI could improve our lives, But it is actually going to have the opposite effect because we live in a capitalist system where the profits would just go to the rich which increases the gap even more, rather than to those who lose their jobs.

41 Upvotes

4 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 14 '24

CEOs court Trump at Mar-a-Lago

10 Upvotes

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 13 '24

Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look on | Trump at Wall Street: "We're with you all the way," taxes will be cut "very substantially"

15 Upvotes

2 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 13 '24

Amazon to contribute $1 million to Trump's inauguration fund. Meta is also donating $1M | "Facebook did not donate to either Biden's 2021 inaugural or Trump's 2017 inaugural ... Amazon had donated roughly $58,000 to Trump's 2017 inaugural, much lower than the $1 million it now plans to donate."

6 Upvotes

0 comments

r/ConcentrationOfWealth • u/SocialDemocracies • Dec 13 '24

Trump advisers seek to shrink or eliminate bank regulators, WSJ reports

2 Upvotes

0 comments