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#oligarchy

46 posts36 participants6 posts today

#Recession Risk on the Rise as #TrumpTariffs Reverberate Globally

#Stocks in every sector & every #market tumble drastically, former #US #allies & adversaries alike plan #retaliatory measures.

Meanwhile #Trump plans to golf at his #luxury Florida resort w/ #SaudiArabia LIV tourney this weekend.

#economy #tariffs #inflation #trumpcession #plutocracy #oligarchy #kleptocracy
reuters.com/world/us/donald-tr

Analysis: "Musk Tried to Buy Wisconsin’s Supreme Court. He Lost."

"Wisconsin Democrats launched the People v. Musk campaign in early March, with Wikler calling the race 'the first referendum on Musk-ism'.

"Crawford’s victory provides a blueprint for how Democrats and progressives can run against Musk’s plan for oligarchy all across the country—and win.

motherjones.com/politics/2025/

#uspol #autocracy #oligarchy #musk #wisconsin #resistfascism #organise .

Mother JonesElon Musk tried to buy Wisconsin's Supreme Court. He lost.Susan Crawford's victory means liberals will preserve their majority on the court.
Continued thread

"Why are they so enthusiastic? Not only can they make fortunes, but crypto advances their long-term aim of shifting financial controls out of a democratically elected government and into their own hands. ...

Trump and his family stand to gain substantially. The rest of the economy — including, increasingly, large Wall Street banks — will be subject to large and unregulated risks. Beware."

#Trump #Musk #crypto #bitcoin #corruption #scam #oligarchy
/3

Continued thread

"As economist Paul Krugman has said, their market value rests on nothing but 'technobabble and libertarian derp.'

They also use huge amounts of energy — especially for Bitcoin mining.

Eric and Donald Jr.’s mining project is the third major crypto venture that the Trump family has started over the past year. ...

The richest people in America with huge power — the oligarchy, including Elon Musk and Trump — are enthusiastic about cryptocurrencies."

#Trump #Musk #crypto #bitcoin #oligarchy
/2

"Yesterday, Eric Trump and Donald Trump Jr. announced they were joining forces with a Bitcoin mining company to create a firm called American Bitcoin. Eric will be co-founder and chief strategy officer. ...

Let me remind you, in addition, that cryptocurrencies serve no useful purpose other than the purchase of other crypto assets, money laundering, extortion, and scams."

~ Robert Reich

#Trump #Musk #crypto #bitcoin #corruption #scam #oligarchy
/1

robertreich.substack.com/p/tru

Robert Reich · Trump’s Crypto Inc.By Robert Reich

Romania made headlines—and shocked the world—when it annulled a presidential election at the end of last year, citing evidence of foreign interference aimed at supporting a pro-Russian far-right candidate. Romania’s Moscow-backed dictatorship was among the most brutal behind the Iron Curtain, a painful past that still unites much of the country today.

Listen to this week’s Gaslit Nation here or wherever you get your podcasts: gaslitnation.libsyn.com/how-to

Analysis: "Wisconsin Supreme Court election results: What happened & why it matters"

Liberal judge Susan Crawford won a seat after a proxy battle between Trump’s administration & the opposition.

Crawford's win maintains "the court’s four-three liberal majority [with] a 10-point lead over Schimel".

"It was the most expensive judicial race in US history. And Elon Musk, the world’s richest man, lost."

aljazeera.com/news/2025/4/2/wi

#musk #trump #oligarchy #peoplepower #uspol #wisconsin .

Al Jazeera · Wisconsin Supreme Court election results: What happened and why it mattersBy Sarah Shamim
Continued thread

Continuing on a parallel commentary with Booker's AMAZING ongoing speech, I just want to inject by way of solidarity...

It's not just about stopping the bleeding, and there ARE surely people who are literally bleeding (or worse), it's about insisting on a better morality.

One of the issues is this whole issue of taxation, just as a general proposition.

I do not side with those who think that everyone should be taxed. I've heard some say "everyone needs skin in the game". To that I say, being poor IS having skin in the game, it doesn't need us to add insult to injury.

I think we should tax the rich, not as a punitive thing, but because we live in a society where our morality should be that no one succeeds without bringing others along. We should tax legit surplus, in other words. And we should have a society where people ASPIRE to be wealthy enough to pay tax.

That we have created a society in which the rich can claim injury due to taxation but the poor cannot claim injury for having safety nets removed is a SERIOUS breach of morality.

You can read more detail on that in my 2009 essay Tax Policy and the Dewey Decimal System.

netsettlement.blogspot.com/200

netsettlement.blogspot.comTax Policy and the Dewey Decimal SystemA look at how to structure tax policy through an unusual lens: how the Dewey Decimal System used by libraries is arranged.

I'm peeking in on Booker's filibuster, realizing I wish I'd listened all night. Quite inspiring.

He's speaking about who needs help in this nation. That seems to be a recurring theme.

One of the underlying themes of all these cuts is that people shouldn't be "charged" ("taxed") for services they don't use. It sounds good in isolation, but on closer inspection, it's utterly preposterous. What they're saying is...

... that the only people who pay for very expensive diseases are those who get them.

... that the only people who pay for disaster recovery are those hit by disasters.

... that the only people who pay for police protection are those who violated -- or perhaps the only people who can afford police patrols.

... that the only people who pay for fire departments are those whose houses burn down.

I could go on, but the point is that pay-per-service makes no sense for these. Instead...

... the only people who can afford to help people who are sick are those who can.

... the only people who can afford to help people who have lost everything in disasters are those who are not victims.

... the only time it makes sense to most of us to have the police patrol is BEFORE we are violated, robbed, or killed, and that we should not have to be rich to be protected.

... the only time it makes sense to have a fire department is BEFORE our homes burn, and our poor, who can barely afford to eat, should not have to shrug off protection of the fire department because they more needed food.

Most of us WANT COMMUNITY, where the strong help the weak so that we can all survive. It's easy for the mega-rich to pay focus groups to come up with tricky messaging, or to pay Facebook to use The Algorithm to evolve and promote messaging that seduces people into thinking community just sucks out of us, giving nothing back. You CAN spin it that way, but it won't make it true.

Even abroad, which is how this all started, where we were (and hopefully still are) helping others who could not help themselves, we are enriched by a world in which the overall standards of human existence are improved.

Even if we had no religious or moral reason to just be kind, and we were totally mercenary and sociopathic (as the co-presidents are), being kind to other people makes them less likely to attack us and more likely to trade fairly with us. Ending kindness, behaving belligerently, invites bullets instead. Where is the ECONOMY in that? The SAFETY? Kindness, even to a sociopath (if they had a brain in their head) should be seen as BUYING us something.

And our sociopathic oligarchic leaders, after gutting all of this stuff THEY feel the could buy off-the-shelf if they cared, will then turn to payment and suggest a flat tax because they hope poor people will demand a low tax hope that means they'll get one, too. There is NO justice in that, only regressive effect.

"But it's our money," the rich will say. "Taxes are a taking, a robbing. You're just robbing me," they'll say. Not so. These people did not make this money in a vacuum. They're in denial about how...

... they benefited from having a fire department and police department to have a customer base and even their own factories that were safe to visit or work at.

... they have benefited from working in a country where they, their employees, and their customers were not routinely seeing bombs flying overhead.

... they have benefited from having a country where customers were basically healthy.

... they have benefited from the availability of many well-educated candidates for employment.

... they have benefited from having a population of customers who were healthy and had enough surplus of cash to buy their products.

... they have benefited from people being able to count on a dignified retirement. SO MUCH could be said about that, and perhaps I will on another day, but let me here just say that the availability of a safety net lets employees and their families focus on work rather than their own and their family's retirement.

I could go on. but they have benefited from a society that was a COMMUNITY, where we pitched in together to make it a good place. And so to later say they did it on their own is, at minimum, the height of INGRATITUDE, and also really an outright, self-serving LIE.

Taxation is NOT robbery. It is INVESTMENT, and an acknowledgment of the obvious: That in order to have a society where all can aspire to a decent life, we need to acknowledge that some people will pay a little more because they can afford more AND because they have benefited more.

Here, if you're not already tired of reading my ramblings, I reference my 2011 essay "Enough", which I wrote in response to proposals at that time for a flat tax. It takes more about that.

netsettlement.blogspot.com/201

netsettlement.blogspot.comEnoughA flat tax, without progressive tiers, differentially impacts people by income group. At lower incomes, it keeps people from having enough to live.

"Alex Karp is part of a new breed of Silicon Valley billionaires seeking to integrate their businesses with America's military-industrial complex, while dismantling the government and championing deregulation of the economy. Though he's not yet as famous as his peers like Musk and Thiel, he's just as dangerous"

#Palantir #Oligarchy #USPolitics

zeteo.com/p/meet-the-tech-bill

Zeteo · Meet the Tech Billionaire Just as Dangerous as Elon MuskBy Taylor Lorenz