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It is time to bill the billionaires

oil&gas

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Apr 16, 2002
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Jenny Ricks
21 Jan 2020

Let us be blunt, the World Economic Forum (WEF) happening in Davos this month will not solve the inequality crisis because its participants - the ultra-rich and powerful 1 percent - are the primary beneficiaries of the system that ravages the planet and discards the 99 percent.

We do not need to look far to know how inequality hurts us all. Globally, inequality blights the lives of the majority of the world's population, while the wealth of the richest people continues to soar. We are truly living in an inequality crisis.

In the US, while the world's richest man Jeff Bezos moans that he does not know how to spend his vast wealth and talks of colonising the moon, his company Amazon had a tax rebate of $129m on top of paying zero federal income tax in 2019. With the majority of Americans struggling from paycheque to paycheque, this drains money that could have been spent on social services, healthcare and education. And this tax rebate is certainly not ensuring Amazon employees have decent pay and conditions.

The climate emergency shows us the issue of inequality writ large - we are sacrificing the lives of millions of people, mostly the poorest and those living in developing countries, in order for big polluting companies to continue their plunder of our planet. As Australia burns and Indonesia struggles with historic floods, their governments scramble to deny the science and defend the fossil fuel industry.

Our societies are rooted in patriarchy, racism and many other forms of discrimination. Women, especially women of colour, are the hardest hit by rising inequality: They are the workers in the most precarious employment, they suffer the most from cuts in public services, and much of their work, paid and unpaid, is not recognised and rewarded. Our democracies are corroding as power and wealth concentrate in fewer and fewer hands.

While it is easier to think that the soaring wealth of the elites, patriarchy, racism and the climate emergency are separate problems that we should solve independently, the truth is they all stem from the neoliberal economic system that is rigged by and for the 1 percent. Inequality is not just a flaw in the system, it is the core of its design.

The elite's unlimited greed for wealth and power is taking its toll on the planet and on humanity itself. Human rights will not survive if inequality continues unabated.

Many journalists and commentators dubbed 2019 the "year of protest". We saw a surge of protest action from people most affected by inequality on a daily basis, as well as a growing climate justice movement.

Collectively, people are protesting and writing a new story where our future will not be up for grabs. Different issues provided a tipping point. In Chile, the massive protests were sparked by a hike in metro fare prices. In France, it was rising fuel prices. In Lebanon, it was a new WhatsApp tax.

Across the globe, youth took to the streets to save the planet from catastrophic climate change because older generations failed to do so. But these protests also spread across society as people connected their grievances to the fact that change needs to be systemic, not just minor reforms.

And if anyone thought the energy and demands of 2019 would be over in this new decade, they were wrong. This January, as the champagne bottles pop in Davos, expect massive street mobilisation to take place in more than 30 countries, including the United Kingdom, the Philippines, Zambia, Kenya, India, Zimbabwe, Pakistan, South Africa, and Mexico. The coordinated global protest will see diverse movements rising up against the root causes of inequality.

The solutions to inequality and the other crises it breeds will not come from the icy mountains of Davos, but the hot, crowded streets of Santiago, Beirut and Manilla. We will take to the street with our demands for better social services, climate justice, minimum living wages, protection of our democracy, LGBTQIA+ rights, gender equality and economic justice. And yes, we are calling for more taxes for the likes of Jeff Bezos. It is time to bill the billionaires for all the chaos and destruction their quest for endless wealth has caused.

When the rich, at least some of them, are calling for their wealth to be taxed more, we know that inequality is out of control. Goodwill from the ultra-rich may seem like good news, but inequality will not be solved by the richest and most powerful people. And it would be naive to think that promises by governments and global institutions and charitable pledges from the ultra-rich will take us out of this crisis. And that is what the WEF is about. In fact, in its 50th year, the WEF is the epitome of duplicity. Its time is over.

Change will be won on the streets. We are now seeing a rebalancing of power initiated by the people. The big protests of 2019 provided an inspiration and a backdrop for the actions we will take for this new year and the rest of the decade.

People are coming together and acting with haste and urgency, putting forward their solutions to the crisis. We now understand that the problems we face in our societies around the world are rooted in the same problem that we face globally - inequality. We are linking arms to create a progressive future where our lives will not be discarded for the benefit of those in power.

The era of faux solutions to inequality is over. Now we tell our leaders: listen to the demands from the streets, not the elites.

https://www.aljazeera.com/indepth/opinion/fight-inequality-starts-streets-davos-200121094032761.html
 

Boober69

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Feb 23, 2012
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Everyone blames the rich for their own inadequacies rather than looking at themselves and learning from mistakes and working on how to succeed. It's a rare skill. Which explains why there is only 1% who actually get it.
 

Frankfooter

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Apr 10, 2015
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Everyone blames the rich for their own inadequacies rather than looking at themselves and learning from mistakes and working on how to succeed. It's a rare skill. Which explains why there is only 1% who actually get it.
The rich can buy changes to the rules to favour them.
That's the problem.
 

jcpro

Well-known member
Jan 31, 2014
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Jenny Ricks
21 Jan 2020

Let us be blunt, the World Economic Forum (WEF) happening in Davos this month will not solve the inequality crisis because its participants - the ultra-rich and powerful 1 percent - are the primary beneficiaries of the system that ravages the planet and discards the 99 percent.

We do not need to look far to know how inequality hurts us all. Globally, inequality blights the lives of the majority of the world's population, while the wealth of the richest people continues to soar. We are truly living in an inequality crisis.

In the US, while the world's richest man Jeff Bezos moans that he does not know how to spend his vast wealth and talks of colonising the moon, his company Amazon had a tax rebate of $129m on top of paying zero federal income tax in 2019. With the majority of Americans struggling from paycheque to paycheque, this drains money that could have been spent on social services, healthcare and education. And this tax rebate is certainly not ensuring Amazon employees have decent pay and conditions.

The climate emergency shows us the issue of inequality writ large - we are sacrificing the lives of millions of people, mostly the poorest and those living in developing countries, in order for big polluting companies to continue their plunder of our planet. As Australia burns and Indonesia struggles with historic floods, their governments scramble to deny the science and defend the fossil fuel industry.

Our societies are rooted in patriarchy, racism and many other forms of discrimination. Women, especially women of colour, are the hardest hit by rising inequality: They are the workers in the most precarious employment, they suffer the most from cuts in public services, and much of their work, paid and unpaid, is not recognised and rewarded. Our democracies are corroding as power and wealth concentrate in fewer and fewer hands.

While it is easier to think that the soaring wealth of the elites, patriarchy, racism and the climate emergency are separate problems that we should solve independently, the truth is they all stem from the neoliberal economic system that is rigged by and for the 1 percent. Inequality is not just a flaw in the system, it is the core of its design.

The elite's unlimited greed for wealth and power is taking its toll on the planet and on humanity itself. Human rights will not survive if inequality continues unabated.

Many journalists and commentators dubbed 2019 the "year of protest". We saw a surge of protest action from people most affected by inequality on a daily basis, as well as a growing climate justice movement.

Collectively, people are protesting and writing a new story where our future will not be up for grabs. Different issues provided a tipping point. In Chile, the massive protests were sparked by a hike in metro fare prices. In France, it was rising fuel prices. In Lebanon, it was a new WhatsApp tax.

Across the globe, youth took to the streets to save the planet from catastrophic climate change because older generations failed to do so. But these protests also spread across society as people connected their grievances to the fact that change needs to be systemic, not just minor reforms.

And if anyone thought the energy and demands of 2019 would be over in this new decade, they were wrong. This January, as the champagne bottles pop in Davos, expect massive street mobilisation to take place in more than 30 countries, including the United Kingdom, the Philippines, Zambia, Kenya, India, Zimbabwe, Pakistan, South Africa, and Mexico. The coordinated global protest will see diverse movements rising up against the root causes of inequality.

The solutions to inequality and the other crises it breeds will not come from the icy mountains of Davos, but the hot, crowded streets of Santiago, Beirut and Manilla. We will take to the street with our demands for better social services, climate justice, minimum living wages, protection of our democracy, LGBTQIA+ rights, gender equality and economic justice. And yes, we are calling for more taxes for the likes of Jeff Bezos. It is time to bill the billionaires for all the chaos and destruction their quest for endless wealth has caused.

When the rich, at least some of them, are calling for their wealth to be taxed more, we know that inequality is out of control. Goodwill from the ultra-rich may seem like good news, but inequality will not be solved by the richest and most powerful people. And it would be naive to think that promises by governments and global institutions and charitable pledges from the ultra-rich will take us out of this crisis. And that is what the WEF is about. In fact, in its 50th year, the WEF is the epitome of duplicity. Its time is over.

Change will be won on the streets. We are now seeing a rebalancing of power initiated by the people. The big protests of 2019 provided an inspiration and a backdrop for the actions we will take for this new year and the rest of the decade.

People are coming together and acting with haste and urgency, putting forward their solutions to the crisis. We now understand that the problems we face in our societies around the world are rooted in the same problem that we face globally - inequality. We are linking arms to create a progressive future where our lives will not be discarded for the benefit of those in power.

The era of faux solutions to inequality is over. Now we tell our leaders: listen to the demands from the streets, not the elites.

https://www.aljazeera.com/indepth/opinion/fight-inequality-starts-streets-davos-200121094032761.html
The author forgot the "Proletarians of the world unite!" line at the end of the article. LOL!!! We can tax Bezos more, but it will not change the fortunes of the poor bastards in Zimbabwe or South Africa.
 

shack

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Oct 2, 2001
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The author forgot the "Proletarians of the world unite!" line at the end of the article. LOL!!! We can tax Bezos more, but it will not change the fortunes of the poor bastards in Zimbabwe or South Africa.
Maybe it will get clean water in Flint.
 

jcpro

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Jan 31, 2014
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jcpro

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Frankfooter

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ROFLMAO!!!! You people have been talking about this for the last thirty years. Just talking and talking, and then talking some more. And the "masses" don't even stop to take a quick look.
By 'you people' do you mean the millionaires who created that group?
 

mandrill

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Aug 23, 2001
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Everyone blames the rich for their own inadequacies rather than looking at themselves and learning from mistakes and working on how to succeed. It's a rare skill. Which explains why there is only 1% who actually get it.
Boober, you seriously think that if you get up 15 minutes earlier, work 30 minutes more per day and return your work phone calls more promptly - or whatever tf those motivational videos are telling you to do - you're going to somehow equalize what Bezos has achieved?!

The 1% get there due to some combination of good work habits, smarts, connections and luck. But the 2 latter vastly outweigh the former in importance. Otherwise everyone would be working that 60 hour work week and making a billion $ a year.

The fact that you even dream for a second that it is otherwise and that the system favours you in any way shows that you are a victim of the Great Mindfuck.

If Bezos made $2,000,000 a year, I could see the argument you make. But he makes billions every month. It's out of wack.

Nothing has happened like this since the 1860's when the Robber Barons made immeasurable fortunes from Oil and Railways. They were eventually taxed - a little at any rate - and brought somewhat under control. It will take 20 or 30 years for the same process to be applied to Bezos and his peers.
 

Frankfooter

dangling member
Apr 10, 2015
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Boober, you seriously think that if you get up 15 minutes earlier, work 30 minutes more per day and return your work phone calls more promptly - or whatever tf those motivational videos are telling you to do - you're going to somehow equalize what Bezos has achieved?!

The 1% get there due to some combination of good work habits, smarts, connections and luck. But the 2 latter vastly outweigh the former in importance. Otherwise everyone would be working that 60 hour work week and making a billion $ a year.

The fact that you even dream for a second that it is otherwise and that the system favours you in any way shows that you are a victim of the Great Mindfuck.

If Bezos made $2,000,000 a year, I could see the argument you make. But he makes billions every month. It's out of wack.

Nothing has happened like this since the 1860's when the Robber Barons made immeasurable fortunes from Oil and Railways. They were eventually taxed - a little at any rate - and brought somewhat under control. It will take 20 or 30 years for the same process to be applied to Bezos and his peers.
Trump is the best example, really.
Without the millions gifted to him by his father and his repeated bailouts the donald would be a nobody, just the self-centred loudmouth in the corner of the strip club.
 

jcpro

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Jan 31, 2014
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Boober69

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Feb 23, 2012
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The rich can buy changes to the rules to favour them.
That's the problem.
Aside from the fact that I don’t buy into your conspiracy theory and following your logic, have you considered how the rich became rich enough to bend the rules? And if you truly believe that all members of the 1% are essentially criminals and/or shady?
 

Boober69

Well-known member
Feb 23, 2012
6,722
263
83
Boober, you seriously think that if you get up 15 minutes earlier, work 30 minutes more per day and return your work phone calls more promptly - or whatever tf those motivational videos are telling you to do - you're going to somehow equalize what Bezos has achieved?!

The 1% get there due to some combination of good work habits, smarts, connections and luck. But the 2 latter vastly outweigh the former in importance. Otherwise everyone would be working that 60 hour work week and making a billion $ a year.

The fact that you even dream for a second that it is otherwise and that the system favours you in any way shows that you are a victim of the Great Mindfuck.

If Bezos made $2,000,000 a year, I could see the argument you make. But he makes billions every month. It's out of wack.

Nothing has happened like this since the 1860's when the Robber Barons made immeasurable fortunes from Oil and Railways. They were eventually taxed - a little at any rate - and brought somewhat under control. It will take 20 or 30 years for the same process to be applied to Bezos and his peers.
If you follow any super rich people back to their beginnings I think you would be surprised to find that many of them were not just born rich.
Yes connections, luck and smarts contribute but you left out a few other things that are often overlooked when people blame the rich for being rich...risk, innovation and hard work.

Amazon dominates the world as an innovative business. Are you surprised that he makes a lot of money as a result? No one is forcing you to be their customer yet you feel the need to condemn the guy for being successful as if he owes everyone else a share of that wealth.
Aside from the fact that he has created thousands of jobs for people around the world.
 

Boober69

Well-known member
Feb 23, 2012
6,722
263
83
Trump is the best example, really.
Without the millions gifted to him by his father and his repeated bailouts the donald would be a nobody, just the self-centred loudmouth in the corner of the strip club.

Yet has somehow remained wealthy his whole life rather than going broke. Sounds like a smart guy to me.
 

Boober69

Well-known member
Feb 23, 2012
6,722
263
83
The rich can buy changes to the rules to favour them.
That's the problem.

If your conspiracy theory helps you justify your own shortcomings then fill your boots, not sure what I can tell you. Perhaps that’s the reason why you have never achieved success.
 

danmand

Well-known member
Nov 28, 2003
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The rich can buy changes to the rules to favour them.
That's the problem.
 

toguy5252

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Jun 22, 2009
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Everyone blames the rich for their own inadequacies rather than looking at themselves and learning from mistakes and working on how to succeed. It's a rare skill. Which explains why there is only 1% who actually get it.
Are you blaming anyone who is not a millionaire or billionaire for not working hard enough? There are certainly many millionaires and billionaires who are self made but most had the good fortune to choose their parents wisely, if only to get the best education and go to get schools etc. That is apart from the many who simply inherited their wealth or received a small million dollar loan from their father (not counting the other $200M but that is another story) and manged to turn that into a casino empire (bankrupt) or airline (bankrupt) or school (fraud) or foundation (fraud). Min you I hear the neck tie business is doing OK.
 

mandrill

Well-known member
Aug 23, 2001
70,636
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If you follow any super rich people back to their beginnings I think you would be surprised to find that many of them were not just born rich.
Yes connections, luck and smarts contribute but you left out a few other things that are often overlooked when people blame the rich for being rich...risk, innovation and hard work.

Amazon dominates the world as an innovative business. Are you surprised that he makes a lot of money as a result? No one is forcing you to be their customer yet you feel the need to condemn the guy for being successful as if he owes everyone else a share of that wealth.
Aside from the fact that he has created thousands of jobs for people around the world.
I'm not blaming him. I just think he should pay taxes once in a while. So poor people in Louisiana or the Bronx can have a little more to eat or have some medical care for their kids.

Risk, innovation, hard work. That's all good. Bet there are 10,000 people out there who could tell you about their risk, innovation and hard work in bankruptcy court. They just didn't have that luck and those connections.
 

shack

Nitpicker Extraordinaire
Oct 2, 2001
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The 1% get there due to some combination of good work habits, smarts, connections and luck. But the 2 latter vastly outweigh the former in importance. Otherwise everyone would be working that 60 hour work week and making a billion $ a year.
One of the best axioms I have heard, which pretty much summarizes your statement, is that "Success is the result that occurs when preparedness and opportunity intersect."
 
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