Tag Archive for 1%

The Art Of The Con 101

We’ve commented ad infinitum about our befuddlement over the fact that megalomaniac Donald Trump is the Republican nominee for president and is somehow ahead in some polls, despite running an absolutely miserable campaign, and presiding over one of the worst Republican conventions in history. It really boggles the mind! Can Americans really be this dense?

It goes back to previous posts(here, here and here) about some lower income Americans seeing themselves as temporarily embarrassed millionaires. They see a rich man like Donald Trump and they buy his con that he’ll make things better and that all that wealth will come flooding in and tricking down(where have we heard that before). There’s a reason why Trump says he loves the poorly educated; they’re pretty easy to con. And you throw in the fact that most Americans are horrendous at math and you’ve got a world class swindle going on right now in the Republican party which could not only affect the United States but the world in a stupendously negative manner.

Take Donald Trump’s claim a few months back that he gave a million dollars to a veterans charity. On the surface that seems pretty generous. But when you consider that his estimated wealth is 4.5 billion dollars, the one million dollar gift is only 0.022 percent (not even 1% folks!) of his wealth. This is like a person with a $1,000 dollars giving 22 cents to the charity; not very impressive in reality. But that’s the beauty of this con and Republicans use it all the time. They claim that these poor billionaires pay millions in taxes every year. To most of the Republican party’s lower income blue collar white workers, this seems like robbery because a million dollars to these people is an absolute fortune. But to billionaires, it’s a drop in the bucket.

For simplicity sake, take a CEO who earns a one billion a year. If the tax rate is 30%, then he should pay $300 million a year in taxes. Most of us would scream bloody murder if we had to forfeit this much money. But this CEO still has $700 million dollars left. He ain’t hurting! He’s still living high off the hog while you’re scraping and scratching just to get by. When he complains and gets his tax rate lowered he’s taking that extra money and selfishly puts it into offshore tax havens or buying up more real estate and mansions. He’s not letting that money trickle down by any means. In fact, he’s leaving us to foot his portion of the tax bill, one that he easily could afford. Money is power and with great power comes great responsibility. The 1% in this country want all the money and power but none of the responsibility.  Instead, we, the middle and lower classes, are squeezed and the corporate lackey conservative Republicans the 1% pay off in Congress convince everyone it’s the Liberals or the Democrats fault. The Republicans claim loudly that the rich, like Donald Trump, would never con anyone. Hah! Just look into Trump University and his numerous failed businesses. If you’re supposed to run the government like a business, like many Republicans claim, then Trump is the wrong person to be CEO. The astonishing truth is that if you’re a Trump supporter and you make less than $125k a year, you’re voting against your own interests. In short, DO THE MATH!

Donald Trump claims to give a million dollars to chairty which accounts to a not so generous 0.022 percent of his $4.5 billion dollar wealth.

Thanks to the atrocious and pathetic math skills of Americans, authoritarian. megalomaniac con artist, Donald Trump, is on the verge of becoming President.

The Poor Rich

Recently, billionaire venture capitalist, Tom Perkins, made headlines by comparing the ‘plight’ of the 1%ers to the Jews in Nazi Germany. He says that he fears a progressive Kristallnacht is coming because the 99% resents the success of the 1%. Wow! We thought the rich were out of touch before, but this is stunning. We don’t think the 99% resents the 1% for their success, we think it’s because of the plutocracy’s unabashed, all-consuming greed. But maybe Perkins is right. If the plutocrats in this country, and all over the world, keep acting like victims maybe they will get a thumping.

A poor plutocrat convinces a member of the ruthless 99% that it's the 1%ers who are being persecuted.

A poor plutocrat convinces a member of the ruthless 99% that it's the 1%ers who are being persecuted.

 

Poor, Distressed Wealthy Respond To Evil, Unjust OWS Movement

Occupy Wall Street has gone world wide and is gaining momentum. The 99% now have demonstrations going strong in every major world city from Phoenix to Toronto to Brussels to Berlin to Madrid to Auckland, New Zealand.  And what does the media do. They’re still asking questions like “What do these people want?”, “How can they be taken seriously without leadership?”,  and saying things like “They’re just lazy and don’t want to work”. Well, what do expect from the mouthpieces for those poor, oppressed, unfortunate %1ers.

But finally, we’re starting to hear from those hapless, persecuted, underrepresented 1%ers. Hopefully, justice will prevail and bank, insurance and oil companies will continue making billions and not have to pay taxes. We wouldn’t want their executives to go without their yachts, luxury car fleets and caviar. Egads! How could those poor wretches survive?

MegaloCorpBank CEO J. Charles Harrington IV, finally weighs in with compassion for the vile, brutish, beastly 99% from the poor, misunderstood, underrepresented 1%.