Why Are Billionaires Eager to Back Socialist Candidates Who Want to Seize Their Assets?


Billionaires back socialist politicians who are calling for higher taxes on members of the ultra-wealthy class because the rich understand they will never have to pay those taxes as the top federal income tax rate stops at $500.000, making it easier for millionaires and billionaires to avoid paying full freight. The very wealthy make far more money on capital gains than on income and capital gains are taxed at about half the rate of income tax. Under the 2017 tax law, federally designated opportunity zones evade capital gains taxes entirely.    People with high levels of wealth pay less income tax, too.




The 147 Companies that Control Everything


In 2011, Forbes published a list compiled by three systems theorists in Zurich who used a database listing 37 million companies and investors worldwide and analyzed all 43,060 transnational corporations and stock ownership that links them. The purpose of the analysis was to map their economic power. The researchers discovered that global corporate control has a distinct bow-tie shape, with a dominant core of 147 firms, mostly banks, that control everything.

Three systems theorists at the Swiss Federal Institute of Technology in Zurich
have taken a database listing 37 million companies and investors
worldwide and analyzed all 43,060 transnational corporations and share
ownerships linking them. They built a model of who owns what and what their revenues are and mapped the whole edifice of economic power.

They discovered that global corporate control has a distinct bow-tie
shape, with a dominant core of 147 firms radiating out from the middle.
Each of these 147 own interlocking stakes of one another and together
they control 40% of the wealth in the network. A total of 737 control
80% of it all. The top 20 are at the bottom of the post. This is, say
the paper’s authors, the first map of the structure of global corporate
control.

The #occupy movement will eat this up as evidence for massive redistribution of wealth. The New Scientist talked
to one systems theorist who is “disconcerted” at the level of
interconnectedness, but not surprised. Such structures occur commonly in
biology, things like fungus, lichen and weeds. Economists say the
danger comes when you combine hyperconnection with the concentration of power. The Swiss scientists warn that this can lead to an unstable environment. No Scheisse, Sherlock.

Read full article here…




Slap on the Wrist: Jussie Smollett Charged with One Count of ‘Disorderly Conduct’


Actor, Jussie Smollett, has been charged with one count of felony disorderly conduct for filing a false police report. Smollett faces a maximum one and a half years in prison. The Nigerian brothers who allegedly helped him stage the fake hate crime are not facing any charges. Chicago Police say Smollett sent himself a racist and homophobic letter and was dissatisfied with his salary on the show “Empire.”

2020 Dem hopefuls, Senators Cory Booker and Kamala Harris, rushed to judgment after Jussie Smollett claimed white-racist Trump supporters ambushed him with bleach and a noose. Both Senators called the hoax a “modern-day lynching” and used the phony scandal to pass an anti-lynching bill through Congress. Republicans, who claim to be opposed to federal hate-crime laws, gave their unanimous support to the bill out of fear of being labeled as “pro-lynching.” -GEG


It looks like Jussie Smollett is going to get a mere slap on the wrist for allegedly lying to police and manufacturing a fake hate crime against himself to libel half the country as evil racists.

From ABC 7 Chicago:

“Empire” actor Jussie Smollett has been charged with one
count of felony disorderly conduct for filing a false police report, the
Cook County State’s Attorney’s Office said Wednesday evening.

Smollett is due in court in Chicago at 1:30 p.m. Thursday. Chicago
police spokesman Anthony Guglielmi said CPD detectives will make contact
with Smollett’s legal team to “negotiate a reasonable surrender for his
arrest.”

Smollett is not in custody at this time. Guglielmi told ABC News police
are not actively looking for the actor because “this is not a violent
crime,” but said “the longer this goes, the more we have to do what we
have to do.”

Smollett faces at most one and a half years in
prison. The Nigerian brothers who allegedly helped him stage this fake
hate crime are not facing any charges.

Read full article here…

Additional Source:

https://www.informationliberation.com/?id=59827




Candidate for Philadelphia Mayor Says ‘Mental Illness’ Has Kept Her From Working for 8 Years. She is Endorsed by the GOP.


The Republican Party of Philadelphia endorsed Daphne Goggins, who is a black female candidate that has not worked since 2010 due to self-described mental illness. She has been supported by taxpayer-funded disability payments. She says she is fit to be Mayor of Philadelphia, because her cabinet will do most of the work for her. -GEG

  • Philadelphia Republican Party’s endorsed candidate for
    mayor, Daphne Goggins, suffers from anxiety, depression and bipolar
    disorder, she told The Daily Caller News Foundation.
  • Goggins,
    the first black female endorsed by the Philadelphia GOP, hasn’t held a
    paid job since 2010 and supports herself financially through federal
    disability benefits.
  • Goggins said she will
    give up her disability benefits if she wins her election. She said she’s
    fit to serve as mayor of the sixth-largest city in the United States
    because her cabinet would do most of the work for her.
  • Goggins said her mental illnesses shouldn’t prevent her from serving as mayor but also said late Arizona Sen. John McCain should have stepped down from the Senate because of his “brain problems.”

The
Philadelphia Republican Party’s endorsed candidate for mayor, Daphne
Goggins, hasn’t worked a paid job in eight years due to anxiety,
depression and bipolar disorder, she revealed during a phone interview
with The Daily Caller News Foundation.

Goggins became the first
black woman to receive the endorsement of the Philadelphia GOP on Feb.
13, but her endorsement swiftly came under fire after one of her primary
opponents, Billy Ciancaglini, said she hasn’t held a paid job since 2010 and has been relying on federal disability benefits to support herself.

The revelation prompted party chairman Michael Meehan
to organize a meeting Monday with ward leaders to reconsider the
party’s endorsement of Goggins. The disability benefits she receives are
meant for people unable “to perform any job in the national economy,”
Meehan said. “I think the mayor’s job is one in the national economy and
is a sticking a point.”

The ward leaders voted 29 to 18
on Monday against reconsidering Goggins’ endorsement, solidifying the
Philadelphia GOP’s support of her in the lead up to the May 21 primary.

Goggins, who
is a ward leader herself, kept her colleagues in the dark prior to
Monday’s vote regarding the conditions that qualify her for disability
benefits. Goggins said in January she suffers from fibromyalgia, a
musculoskeletal pain disorder, but told reporters Monday that isn’t why she collects disability.

‘I truly believe that God disabled me’

Goggins,
a 56-year-old single mother of three, revealed to TheDCNF on Tuesday
that mental illness is what’s kept her away from the paid workforce
since 2010.

“The reason I was actually disabled is mental
illness,” Goggins said in a phone interview. “I take a chance in saying
this because I may lose some voters.”

“Bipolar disorder, depression and anxiety is what I treat for,” she said.

Goggins said her mental illnesses materialized after she stopped snorting cocaine in 2005.

“When
I first got clean from snorting cocaine and being a functioning addict,
I realized that my job was to stay clean,” she said. “As the years went
on I saw the issues that I had. Then I got the breast cancer. Then the
diabetes came along. I actually fell into a coma last year because I
took the wrong medication.”

“I went from making $60,000 a year to living off of $600 a month and food stamps,” she said.

Following
the publication of this story, Goggins clarified to TheDCNF that the
above figure represented her income in 2005. She said she stopped
collecting food stamps in 2010 after she began to collect disability but
declined to share her current monthly income, which she said is higher
than $600 a month.

Read full article here…