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"The number of U.S. billionaires rose 85 percent between 2010 and 2023, from 404 to 748. But billionaires’ share of political contributions rose by 1700 percent.
In short, we are in the midst of an unprecedented power grab by America’s oligarchs."
~ Paul Krugman
And what #CorruptSCOTUS decision came down in 2010?
Why Citizens United that fully opened the door to dirty money is US politics. Coincidence?
"This power grab is arguably the most important fact about contemporary U.S. politics. In many ways MAGA is just a symptom.
What lies behind this power grab? An extraordinary concentration of wealth at the very top."
Robert Reich has advice for Governors Hochul and Newsom of New York and California: if you're worrying that the super-rich will leave your states if taxes on them are raised, think again. He asks,
"Is California really that much worse for losing Thiel, Musk, and Zuckerberg?"
#EconomicElites #wealth #oligarchy #democracy
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https://robertreich.substack.com/p/memo-to-kathy-hochul-and-gavin-newsom
"Maybe raising taxes on the super-rich not only provides critically-needed tax revenue but also acts as a kind of disinfectant, purging a city or state of a few of its most noxious and socially-irresponsible inhabitants. Another reason to do so!"
