Tag: Billionaires

Billionaires Tossed No-Longer-Useful Biden

Democrats are anointing another amoral politician  as a mask for outsized corporate greed, the folly of endless war, the facilitation of genocide and the assault on our most basic civil liberties.

Chris Hedges: Billionaires Tossed No-Longer-Useful Biden

July 23, 2024

Vietnam Sentences Billionaire to Death for White Collar Fraud | Common Dreams

Vietnamese real estate tycoon Tru'o'ng Mỹ Lan

How long has it taken to bring Trump to even face justice? Corporate heads globally must be feeling queezy

The trials of Tru’o’ng Mỹ Lan and 84 others are part of an anti-corruption campaign led by the head of Vietnam’s Communist Party.

As global billionaires see their wealth soar to record heights, one Vietnamese real estate tycoon was sentenced to death on Thursday in the Southeast Asian nation’s largest-ever financial fraud case, part of a government crackdown on corruption.

Source: Vietnam Sentences Billionaire to Death for White Collar Fraud | Common Dreams

Why human beings prostitute themselves to corporations, billionaires and foundations – Pearls and Irritations

Raining money Billionaire.

The power of money to distort humanity’s view of our situation only works because human beings prostitute themselves to corporations, billionaires and foundations. If you know anyone who works for the biggest companies of the world in media, finance, and technology, then ask them why aren’t they rebelling inside those companies, to make it less easy for rich white men to fuck up people or planet?

Source: Why human beings prostitute themselves to corporations, billionaires and foundations – Pearls and Irritations

We Can Have Either Billionaires or Democracy. Not Both. – CounterPunch.org

And so, as we hurtle toward authoritarian aristocracy, we must normalize the idea of wealth redistribution. There is no good reason against it, not a single one. We can have either billionaires or democracy, not both.

Source: We Can Have Either Billionaires or Democracy. Not Both. – CounterPunch.org

Do Billionaires Have a Right To Exist? | The Smirking Chimp

Now, don’t get me wrong. I’m not arguing against big rewards for entrepreneurs and inventors. The possibility of making a bundle has elicited innovations that benefit us all.

The question is one of scale. Do entrepreneurs and inventors need the incentive of billions of dollars? Wouldn’t, say, a hundred million do?

The social costs of billionaires is substantial. Billionaires have purchased right-wing extremists on the Supreme Court, bought and either destroyed or subverted news organizations (such as the former Twitter), and turned their relationships with politicians into patronage troughs.

All of this has undermined the common good.

If capitalism were working as it should, billionaires wouldn’t exist. Shawn Fain is correct.

What do you think? ( Robert Reich )

Source: Do Billionaires Have a Right To Exist? | The Smirking Chimp

Opinion | The Unlimited Campaign Spending by Corporations and Billionaires Has Destroyed Democracy | Common Dreams

Global Economy On Precarious Footing Amid High Interest Rates

If that had occurred during the days of the East India Company’s global activities it would never have become the British East India Company. When over 40% of British MPs were investors, joint shareholders and it’s protectors.

When corporations use their vast wealth to distort or seize control of the political process, they have ceased to operate within the constraints established at their creation. They are in violation of their own corporate charters and should be shuttered or sold off.

Source: Opinion | The Unlimited Campaign Spending by Corporations and Billionaires Has Destroyed Democracy | Common Dreams

Donald Trump seeks new trial in E Jean Carroll sex abuse case | US News | Metro News

Ex-President Donald Trump (left) is asking for a new trial or reduced money damages in the E Jean Carroll (right) sex abuse case

America’s Billionaire Justice System, where money, lawyers, dead cats and the Law come together. “Even if I did it”, the law isn’t being equal is his defense. I have the money to demand another go to buy a new version my version of justice” Yep he’ll use the media to have 5% of Americans side with him and DONATE $10. On the face of it for his politics but in reality to keep the lawyers paid.

‘Trump now argues that, even if he did those things, Ms Carroll doesn’t deserve the $5million in damages that the jury awarded,’ said Kaplan.

Source: Donald Trump seeks new trial in E Jean Carroll sex abuse case | US News | Metro News

GOP Megadonor Is Funding Far-Right Israeli Think Tank — and Democrats

A Likud party supporter holds a poster of the party's head and former Israeli Prime Minister Benjamin Netanyahu as he delivers an election campaign in Migdal Haemek, northern Israel, Sunday, Oct. 23, 2022. Israel is heading into its fifth election in under four years on Nov. 1. (AP Photo/Ariel Schalit)

Billionaires prefer to lurk in the shadows

Pennsylvania billionaire and Republican megadonor Jeffrey Yass is a key benefactor behind both the Moderate PAC, which fights progressive primary challengers in the United States, and the Kohelet Policy Forum, which is working to reshape the political system in Israel.

Source: GOP Megadonor Is Funding Far-Right Israeli Think Tank — and Democrats

Opinion | Billionaires Like Elon Musk Are the Most Dangerous People on Planet Earth | Linda McQuaig

elon_musk

Watching Elon Musk reveal himself in recent weeks to be the world’s richest buffoon has certainly been entertaining. However, it could lead to the conclusion that billionaires are silly but harmless—which is far from the truth.

Source: Opinion | Billionaires Like Elon Musk Are the Most Dangerous People on Planet Earth | Linda McQuaig

COP27: Oxfam Sizes Up a Single Billionaire’s Investment Emissions

The British East India Company pillaged nations for profit and scarred the known world at the time leaving them to recover rather than progress today. Corporations haven’t changed they are still doing the same today and will continue unless forced to stop.

“The superrich need to be taxed and regulated away from polluting investments that are destroying the planet,” Dabi said, also urging governments to put in place “ambitious regulations and policies that compel corporations to be more accountable and transparent in reporting and radically reducing their emissions.”

Source: COP27: Oxfam Sizes Up a Single Billionaire’s Investment Emissions

Truth behind self-made billionaires -Robert Reich

The Truth Behind “Self-Made” Billionaires

Revulsion Against Billionaire Wealth Isn’t About “Envy.” It’s About Democracy.

Rotterdam has been forced to walk back the dismantling of a historic bridge to make way for Jeff Bezos’s superyacht. But the incident is a reminder that billionaires’ obscene wealth isn’t just about hoarding resources — it’s also about undermining democracy.

Source: Revulsion Against Billionaire Wealth Isn’t About “Envy.” It’s About Democracy.

Billionaires’ Absurd and Growing Wealth Undercuts Democracy

The obscene wealth of the world’s billionaires doesn’t just mean they get to lead lives of luxury. It also means they have almost complete control of the economy — control that is fundamentally undemocratic and unjust.

Source: Billionaires’ Absurd and Growing Wealth Undercuts Democracy

‘Time for Citizens United to Go’: US Oligarchs Poured $1.2 Billion Into 2020 Elections

Sheldon Adelson attends a Trump rally

Marking the 12th anniversary of the Supreme Court’s landmark Citizens United decision, the advocacy group Americans for Tax Fairness on Friday published a report showing that U.S. billionaires dumped a staggering $1.2 billion into the 2020 elections—a 39-fold increase compared to 2010.

Source: ‘Time for Citizens United to Go’: US Oligarchs Poured $1.2 Billion Into 2020 Elections

The Central Banks Made the Superrich Even Richer During the Pandemic

Many claimed early in the pandemic that COVID-19 would flatten inequality in a deeply unequal world. Luckily for the ultrarich, central banks stepped in, making the global elite richer than ever.

Source: The Central Banks Made the Superrich Even Richer During the Pandemic

US Billionaires Got 70% More Wealth Under COVID. They Didn’t Deserve Any of It.

New data shows that Elon Musk’s fortune grew by 750% during the pandemic. It’s not because he worked 750% harder than the rest of us.

Source: US Billionaires Got 70% More Wealth Under COVID. They Didn’t Deserve Any of It.

Political Dynamite: JobKeeper for billionaires a campaign wrecker for Morrison, Frydenberg – Michael West Media

JobKeeper, Bernard Arnaultld

Big business doesn’t vote, small business does. That’s the dilemma for Scott Morrison and Josh Frydenberg as they try to keep JobKeeper secret heading into the election. Michael West reports.

Source: Political Dynamite: JobKeeper for billionaires a campaign wrecker for Morrison, Frydenberg – Michael West Media

Informed Comment- Robert Reich

Old Dog Thought- Individuals once freely debated on Melb Uni campus Frank Knopfelmacher vs Geoff Sharp today it’s organized Culture War with the Menzies Institute given LNP funded $7m pride of place



Fighting Fake News with REAL 30/7/21; Australia Systemically Structured Not To Serve Us; NSW, Billionaires and Climate Change; The Cost of Power Ashbygate;

Where there’s a bill there’s a way: Rex Patrick’s dogged fight against Coalition to repeal billionaires’ loophole – Michael West

Secret Rich List, 1995 exemption, grandfathered billionaires

It’s been quite the innings for some of Australia’s wealthiest billionaires. Certain large proprietary companies owned by the establishment – Secret Rich-Listers as we call them – have been cloaked in darkness by government legislation for more than a quarter of a century. Luke Stacey reports how South Australian Senator Rex Patrick is fighting to buck the trend and demolish Australia’s Secret Rich List once and for all.

Source: Where there’s a bill there’s a way: Rex Patrick’s dogged fight against Coalition to repeal billionaires’ loophole – Michael West

The Fake Heroism of Space Billionaires | The Smirking Chimp

Source: The Fake Heroism of Space Billionaires | The Smirking Chimp

Old Dog Thought- Sky News is shrinking so fast it will soon be absorbed by Fox. It’s mindset already has.

Fighting Fake News with REAL 21/7/ 21; The strings that bind; Frydenberg in Kooyong; Billionaires shouldn’t EXIST;

Old Dog Thought- The clown you wouldn’t invite to head your child’s party

May be an image of 1 person and text

Fighting Fake News with REAL; 15/7/21 Climate Change; Morrison Morrison Pants on Fire; Billionaires;

You Can Have Billionaires or You Can Have Democracy

The billionaire class isn’t just a group of people who happen to be superrich. It’s a dynastic oligarchy with a single overriding objective: controlling the government to protect its inherited wealth.

Source: You Can Have Billionaires or You Can Have Democracy

Old Dog Thought- There’s a hole in my bucket dear Liza Dear Liza

#8 TOP IA STORY OF 2020: How your donated clothes end up in Fijian superstores

Fighting Fake News with REAL 30/12/20; You know the one Trump is handing out $2000; How about we all felt the pain of Covid-19; Your Charity is a glimpse of trickle down at work

Attacking Trump as a “Fake Billionaire” Is a Dead End

Attacking Trump as a “Fake Billionaire” Is a Dead End

The real scandal isn’t that Donald Trump is secretly poor — it’s that our system let such an obvious fraud get so rich.

Attacking Trump as a “Fake Billionaire” Is a Dead End

Trump has no problem letting billionaires profit off the pandemic | Robert Reich | Opinion | The Guardian

Moderna has never brought a vaccine to market, but company insiders have sold some $248m of shares – most of them after the company was selected to receive Trump funding

via Trump has no problem letting billionaires profit off the pandemic | Robert Reich | Opinion | The Guardian

How America’s Wealthiest Are Profiting in the Time of the Pandemic | The Smirking Chimp

via How America’s Wealthiest Are Profiting in the Time of the Pandemic | The Smirking Chimp

This is why the billionaires have all of the money and you do not | First Dog on the Moon | Opinion | The Guardian

Screenshot_2020-05-19 This is why the billionaires have all of the money and you do not First Dog on the Moonvia This is why the billionaires have all of the money and you do not | First Dog on the Moon | Opinion | The Guardian

Old Dog Thoughts- The least essential Dutton and the billionaires

Minister for Home Affairs Peter Dutton has introduced new laws to Parliament overhauling ASIO's questioning powers.COVID-19 pandemic has drawn attention to the 'billionaire class'

Fighting Fake News with REAL, 16/5/20; Who has the mindset of al Fascist? Dutton is our surveilence enforcer

Bernie Sanders would ‘ruin our economy’ says Lloyd Blankfein

Former Goldman Sachs chief Lloyd Blankfein has lashed out at Bernie Sanders.

Trumpster comes out swinging for Billionaires

Senator Bernie Sanders has proposed a wealth tax on the richest Americans, blasted big businesses for turning huge profits while paying little in taxes and said he believed billionaires should not exist.

After his win in Tuesday’s Democratic primary in New Hampshire solidified Sanders’ status as a contender for the nomination, one Wall Street billionaire fired back.
Former Goldman Sachs chief Lloyd Blankfein has lashed out at Bernie Sanders.

Former Goldman Sachs chief Lloyd Blankfein has lashed out at Bernie Sanders.Credit:Bloomberg

Lloyd Blankfein, the former Goldman Sachs chief executive, took aim at Sanders on Twitter, saying the Vermont senator would “ruin our economy” if elected president.

He added that Sanders did not care about the military and was just as polarising as President Donald Trump.

via Bernie Sanders would ‘ruin our economy’ says Lloyd Blankfein

Why Billionaires Don’t Really Like Capitalism | The Smirking Chimp

via Why Billionaires Don’t Really Like Capitalism | The Smirking Chimp

Should We Abolish Billionaires? | The Smirking Chimp

Should We Abolish Billionaires? | The Smirking Chimp

Billionaires to 2020 Presidential Hopefuls: ‘America Has a Moral, Ethical, and Economic Responsibility to Tax Our Wealth More’ | Common Dreams News

protester

It’s a cry for adjustment not systemic change (ODT)

via Billionaires to 2020 Presidential Hopefuls: ‘America Has a Moral, Ethical, and Economic Responsibility to Tax Our Wealth More’ | Common Dreams News

Rich List: Billionaires multiply as profits surge, wages stall – ABC News (Australian Broadcasting Corporation)

Anthony Pratt wears sits in a suit at a banking and wealth summit.

Australia has 16 extra billionaires this year, taking the total to a record 76, with carboard and recycling magnate Anthony Pratt again topping the list of the nation’s wealthiest.

The nation’s richest 200 people, as calculated by the Financial Review, held a record $283 billion in wealth, up 21 per cent on last year.

It took a personal fortune of $387 million to make the list this year, up significantly from $341 million last year.

But the average wealth of Australia’s 200 richest people was $1.41 billion.

Apartment developer Harry Triguboff ($12.8 billion) and Gina Rinehart ($12.7 billion) were just behind Mr Pratt, with Hong Kong-based property magnate Hui Wing Mau ($9.1 billion) and Westfield shopping centre billionaire Frank Lowy ($8.4 billion) rounding out the top five richest Australians.

The chief economist at left-leaning think tank The Australia Institute, Richard Denniss, said it is no surprise that the number and wealth of billionaires has surged.

“It’s a good time to be a billionaire in Australia,” he said.

via Rich List: Billionaires multiply as profits surge, wages stall – ABC News (Australian Broadcasting Corporation)

Beware Billionaires Bearing Gifts | The Smirking Chimp

There’s a new Koch organization in town. Instead of trying to buy politicians to do the bidding of billionaires, as Charles and David Koch have historically done, this foundation will support community groups trying to cure the miseries of eons—everything from poverty to addiction.

And they’ve got some street cred, having successfully worked with renowned liberal Van Jones to secure legislation to reduce mass incarceration. Billionaire Charles Koch says the mission is this: “We must stand together to help every person rise.”

That is some good stuff, right there. It’s what labor unions have always preached—workers must stand together to gain the collective power essential to pull every one of them up. It works, too. In the middle of the last century, collective bargaining created the great American middle class.

Here’s the thing: Maybe it’s nice that some billionaires are willing to give. But billionaires’ “gifts” too often bear self-dealing strings. And handouts make many workers queasy anyway. They’d rather earn their own money and make their own decisions.

For Americans to achieve real freedom and self-governance, some of the billions that flow into the pockets of the already rich must go instead into the paychecks of the workers whose sweat creates profits. Political bribes, like the $500,000 the Kochs gave Ryan, must be outlawed. And the rich must be properly taxed so that the nation can afford to pave its roads, send its youngsters to affordable, properly government-supported technical schools and colleges, and restore its once-great middle class. American workers want autonomy, not charity, to help every person rise.

via Beware Billionaires Bearing Gifts | The Smirking Chimp

Trump’s Billionaire Cronies feed at Public Trough as he disses Puerto Rico

By Juan Cole | (Informed Comment) | – – Trump’s petulant tweet storm on Saturday accused Puerto Ricans of wanting …

Source: Trump’s Billionaire Cronies feed at Public Trough as he disses Puerto Rico

The way Australian billionaires earn their wealth

Australia has a disproportionate share of the world’s billionaires.

Source: The way Australian billionaires earn their wealth

The “Democracy” of Billionaires & the Most Expensive Election ever Bought (Except for Bernie Sanders) | Informed Comment

By Nomi Prins | (Tomdispatch.com) | – – Speaking of the need for citizen participation in our national politics in …

Source: The “Democracy” of Billionaires & the Most Expensive Election ever Bought (Except for Bernie Sanders) | Informed Comment

Koch brothers’ humiliating secret: Why even their billions can’t save the GOP from self-destruction – Salon.com

Koch brothers' humiliating secret: Why even their billions can't save the GOP from self-destruction

Koch brothers’ humiliating secret: Why even their billions can’t save the GOP from self-destruction – Salon.com.