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TOPIC: The MO of The 1%

The MO of The 1% 07 Feb 2019 08:06 #1

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Davos 2019: Historian Rutger Bregman berates billionaires at World Economic Forum over tax avoidance
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Last Edit: 07 Feb 2019 09:11 by Frothy.
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The MO of The 1% 07 Feb 2019 09:08 #2

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Anand Giridharadas: "Winners Take All: The Elite Charade of Changing the World" - Talks at Google
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Last Edit: 07 Feb 2019 09:09 by Frothy.
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The MO of The 1% 07 Feb 2019 09:16 #3

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The New Feudalism
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The MO of The 1% 07 Feb 2019 09:21 #4

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Rutger Bregman is the author of Utopia for Realists and he advocates for more radical solutions to address inequality in society. His ideas include the introduction of a universal basic income, a 15 hour working week and, one which will be hugely popular on YouTube, open borders.

When I went to meet him, he told me politicians have failed to come up with new, radical ideas, instead sticking to an outdated, technocratic form of politics. He argues this has allowed politicians like Geert Wilders and Donald Trump to slowly shift extreme ideas into the mainstream.
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The MO of The 1% 07 Feb 2019 12:49 #5

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^ if the millionaire class hadn't become the billionaire class, the average American would now only be working 15-20 hours per week.
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The MO of The 1% 07 Feb 2019 20:48 #6

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I'd still be working 80 hours a week and just make more money
Taxation is still theft, even when you're a billionaire
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The MO of The 1% 07 Feb 2019 21:30 #7

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It's a way of returning some of the usury it's like a steal back, the billionaires are sitting on money that they've scammed off of people's labour, we'd only need to work 15 - 20hpw if we got that money back, or you'd be much better off if you worked 80hpw.

Everyone else is slaving away whilst they're keeping the profits. The billionaires/multi-millionaires could pay the tax for everyone else and still be millionaires, they're hording the profits so that the rest of us need to keep working away 40 hours per week,

if we got our money back we can chose to either work about half as much for the same pay, or earn twice as much for the same amount of labour, as it stands, they've stolen our choice, they've taken our standard of living away.
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Last Edit: 07 Feb 2019 21:47 by Frothy.
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The MO of The 1% 07 Feb 2019 21:45 #8

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The study found that the billionaires included in Forbes magazine’s list of the 400 richest people in the US were worth a combined US$2.68 trillion – more than the gross domestic product of the UK.

“Our wealthiest 400 now have more wealth combined than the bottom 64 per cent of the US population, an estimated 80m households or 204 million people,” the report says. “That’s more people than the population of Canada and Mexico combined.”
www.scmp.com/news/world/united-states-canada/article/2119052/three-richest-people-us-own-much-wealth-bottom-half
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The MO of The 1% 07 Feb 2019 21:55 #9

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www.bbc.co.uk/news/business-38613488

There about 7.7 billion people in the world, and those 8 have more money than 3.6 billion of them.
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Last Edit: 07 Feb 2019 21:58 by Frothy.
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The MO of The 1% 07 Feb 2019 22:04 #10

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Frothy wrote:

www.bbc.co.uk/news/business-38613488

There about 7.7 billion people in the world, and those 8 have more money than 3.6 billion of them.

Afaik, Forbes et al never include Rothschild or Rockefeller on their rich lists.

Secrets Of The Elite: Why Forbes’ Rich List Doesn’t Include The Wealthiest Families On The Planet


www.trueactivist.com/secrets-of-the-elite-why-forbess-rich-list-doesnt-include-the-wealthiest-families-on-the-planet-t3/
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Last Edit: 07 Feb 2019 22:08 by Roastie.
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The MO of The 1% 07 Feb 2019 22:10 #11

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^ Course that was two years ago, Jeff Bezos is now worth $165 billion.
Amazon founder Jeff Bezos, on the other hand, had a salary of $81,840 in 2017—still modest by CEO standards. However, he also owns 80 million shares of Amazon stock, which accounts for the bulk of his estimated net worth of $165 billion.
qz.com/work/1410621/jeff-bezos-makes-more-than-his-least-amazon-paid-worker-in-11-5-seconds/
The online retail giant has built its business model on tax avoidance, and its latest financial filing makes it clear that Amazon continues to be insulated from the nation’s tax system. In 2017, Amazon reported $5.6 billion of U.S. profits and didn’t pay a dime of federal income taxes on it. The company’s financial statement suggests that various tax credits and tax breaks for executive stock options are responsible for zeroing out the company’s tax this year.

The company’s zero percent rate in 2017 reflects a longer term trend. During the previous five years, Amazon reported U.S. profits of $8.2 billion and paid an effective federal income tax rate of just 11.4 percent. This means the company was able to shelter more than two-thirds of its profits from tax during that five year period.
itep.org/amazon-inc-paid-zero-in-federal-taxes-in-2017-gets-789-million-windfall-from-new-tax-law/
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The MO of The 1% 07 Feb 2019 22:15 #12

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Roastie wrote:
Frothy wrote:

www.bbc.co.uk/news/business-38613488

There about 7.7 billion people in the world, and those 8 have more money than 3.6 billion of them.

Afaik, Forbes et al never include Rothschild or Rockefeller on their rich lists.

Secrets Of The Elite: Why Forbes’ Rich List Doesn’t Include The Wealthiest Families On The Planet




www.trueactivist.com/secrets-of-the-elite-why-forbess-rich-list-doesnt-include-the-wealthiest-families-on-the-planet-t3/

Yeah they do, here's David Rockefeller
He was noted for his wide-ranging political connections and foreign travel, in which he met with many foreign leaders. His fortune was estimated at $3.3 billion at the time of his death in March 2017.[1]
en.wikipedia.org/wiki/David_Rockefeller
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Last Edit: 07 Feb 2019 22:16 by Frothy.
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The MO of The 1% 07 Feb 2019 22:38 #13

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I think you over-estimate the Rothschild wealth Roastie, they were more powerful and relatively richer in the 19th century, it's a large dynasty but I don't think any specific Rothschild is all that wealthy anymore, compared to the lists that are around with modern rich people.
The Rothschild family’s net worth is $400 billion
www.bankrate.com/lifestyle/celebrity-money/rothschild-family-net-worth/

I mean yeah, they're rich as a job lot but they're no longer up there with the mega rich as individuals, because no one Rothschild has $400 billion, it's spread over the entire dynasty.
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Last Edit: 07 Feb 2019 22:40 by Frothy.
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The MO of The 1% 07 Feb 2019 22:48 #14

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There is no longer any such thing as a monolithic House of Rothschild with connections to any significant number of all the scores of today's independent Rothschild business ventures. The closest thing is Rothschilds Continuation Holdings AG, a Swiss company that manages interests in many Rothschild-founded institutions. There are no longer any Rothschild family members on its board (the last having retired in 2011), though about eight Rothschilds are believed to own stakes in it (like many holding companies, it's privately held, so its records are not public). Its other owners include Rabobank and Hong Kong based Jardine Matheson Holdings. The Rothschild funds it manages now focus on mergers and acquisitions. Make no mistake, it's a large and successful company; but with billions in assets, it's a relatively small fish in the sea of world financial institutions with trillions in assets, including Deutsche Bank, Mitsubishi UFJ Financial Group, HSBC Holdings, BNP Paribas, Japan Post Bank, Crédit Agricole Group, Barclays PLC, Industrial & Commercial Bank of China, Royal Bank of Scotland Group, JP Morgan Chase & Co., and many others. Anyone trying to point the finger at the scattered Rothschilds as "controlling" world banks has an awfully tall order. That little factoid is about 100 years out of date.
skeptoid.com/episodes/4311
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The MO of The 1% 08 Feb 2019 03:06 #15

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Frothy wrote:
It's a way of returning some of the usury it's like a steal back, the billionaires are sitting on money that they've scammed off of people's labour, we'd only need to work 15 - 20hpw if we got that money back, or you'd be much better off if you worked 80hpw.

Everyone else is slaving away whilst they're keeping the profits. The billionaires/multi-millionaires could pay the tax for everyone else and still be millionaires, they're hording the profits so that the rest of us need to keep working away 40 hours per week,

if we got our money back we can chose to either work about half as much for the same pay, or earn twice as much for the same amount of labour, as it stands, they've stolen our choice, they've taken our standard of living away.
You're still looking for a handout :facepalm:
When you are dead, you don't know that you are dead. It is difficult only for the others. It is the same when you are Stupid
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The MO of The 1% 08 Feb 2019 10:17 #16

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Rocco wrote:
Frothy wrote:
It's a way of returning some of the usury it's like a steal back, the billionaires are sitting on money that they've scammed off of people's labour, we'd only need to work 15 - 20hpw if we got that money back, or you'd be much better off if you worked 80hpw.

Everyone else is slaving away whilst they're keeping the profits. The billionaires/multi-millionaires could pay the tax for everyone else and still be millionaires, they're hording the profits so that the rest of us need to keep working away 40 hours per week,

if we got our money back we can chose to either work about half as much for the same pay, or earn twice as much for the same amount of labour, as it stands, they've stolen our choice, they've taken our standard of living away.
You're still looking for a handout :facepalm:


No boy!! I've created the thread premise about how these billionaires are living off other peoples labour, they;re getting the hand outs on a massive scale, it's you that are missing the point to such a degree that no meme, gif, or poster, could describe.

Getting one's labour worth back from slave drivers isn't theft, if it's done on a legal/lawful basis, what these elites have been doing is theft but it's been made technically lawful, what we need now is not the distribution of their cash but the redistribution of our cash that they took to begin with.

Rocco likes to see poor people being fucked over /exploited and rich billionaires laughing away with hordes of cash that they're keeping.

Elites being heavily taxed isn't a 'hand out' it's just a way to stop them hording so much cash so the rest of the people on the planet don't need to work 40+ hours per week. it's about quality of life, just imagine all the social problems that would vanish, crime would diminish greatly, the world would be a much nicer place for everyone to live in if billionaires were stopped from hording most of the available money.

It's a hording issue sonny boy, it's just keeping the goods for themselves. which in return causes all the need for everyone else to have to work 40+ hpw. The only way to stop them hording is to tax them.
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Last Edit: 08 Feb 2019 10:35 by Frothy.
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The MO of The 1% 08 Feb 2019 10:52 #17

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In fact if everyone only needed to work 15-20hpw to earn a decent wage, everyone would only need to pay a very small amount of tax, because a lot more people would be paying it, a lot less people would be unemployed, a lot more people would probably stay in their own nations as they wouldn't need to migrate for economic reasons.

The problem is there are a few motherfuckers around like Rocco, who want to maintain the status quo of Capitalism which is only going to keep going as it is and soon the billionaires will be trillionaires, and continue to hoard Capital, he ,likes to see poor people suffer, it makes his day.

The problem with Monopoly is that the people that are best at playing it reach the point when they own the whole board, from then on the other players are their slaves, but life isn't a game, real people are suffering traumatic lives because a few fat cats are hording all the wealth.

it's simply theft which has been legalised, it's just like being a good pick-pocket and having pick-pocketing legal, as long as the victim didn't literally feel your hand in their pocket.

What I'm saying is it's time to open up the pick-pocket's stash and give the people back the worth of their labour, the only legal way of doing that is through taxation, but it needs to be done on an international scale or they'll just hide their hoarded labour theft looting in another country.
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The MO of The 1% 08 Feb 2019 11:00 #18

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A report from international advocacy group Oxfam says poultry workers in the United States labor in a “climate of fear”, with some forced to wear diapers on the job....It says many workers are afraid to ask for permission to go to the bathroom. The report says a worker at a Simmons Foods plant in Arkansas told Oxfam that she and many others resorted to wearing diapers. A Tyson Foods worker says in the report that many workers at his North Carolina plant “have to urinate in their pants”.
www.theguardian.com/us-news/2016/may/12/poultry-workers-wear-diapers-work-bathroom-breaks

^ That's what Rocco likes to see.
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Last Edit: 08 Feb 2019 11:02 by Frothy.
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The MO of The 1% 08 Feb 2019 11:25 #19

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The company also highlighted the fact that, despite ever-growing public scrutiny, companies are still underpaying workers, and some are cutting them off from their homes or families. “Compounding the issue, workers are often charged exorbitant recruitment fees that they can never repay, further trapping them in debt bondage and forced labor,” Know the Chain said in the report.
fashionunited.uk/news/fashion/major-brands-failing-to-tackle-worker-exploitation-study-shows/2018120540348

Music to Rocco's ears.
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The MO of The 1% 08 Feb 2019 14:03 #20

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Socco isn't interested in truth or reality, he lives in a bubble of opposing viewpoints and braggadocio.
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Last Edit: 08 Feb 2019 14:04 by Lux Interior.
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