Friday, September 25, 2020

TUCKER CARLSON - THE DANGERS OF GROSS ECONOMIC INEQUALITY IN AMERICA AS THE RICH SUCK OFF THE ECONOMY AND TUCK IT INTO THEIR POCKETS

 

Tucker Carlson: ‘America’s Core Problems Are Not Racial — America’s Core Problems Are Economic’



JEFF POOR

Carlson argues that the country’s problems are not racial but economic, explaining that “a small group of people have a disproportionate amount of money.”

He suggested that for those “on the right end of that equation,” it may behoove them to “fund racial conflict,” so those on the wrong end of the equation would not think about it from that viewpoint.

Transcript as follows:

CARLSON: It’s hard to think clearly when things are on fire. That’s a basic rule of life, that may be why looking back on it, we’ve seen so much arson recently.

If you wanted to keep the public from thinking clearly about what you plan to do to their country, you might riot and no one would notice that you’re lying. They definitely have been lying.

Every story we’ve been told for the past three months has been at its core, a lie, all of them from the first day.

George Floyd was executed by racist cops on the street. That’s what they told us. That’s what everyone believed. Yet when the autopsy became public, it showed that George Floyd had lethal levels of fentanyl in his system among other drugs. Floyd said he couldn’t breathe long before police landed on him as he was in fact sitting untouched in the back of a patrol car.

But the mob wasn’t interested in hearing those details. They torched Minneapolis.

In Kenosha, Democrats told us that bloodthirsty cops just walked up and shot Jacob Blake as he was trying to break up a fight between two women. It was horrifying. But that’s not what happened.

Police arrived there after a woman called 911 to say Blake was at her home in violation of a restraining order. That woman had previously accused Blake of sexual assault. Blake fought with the responding officers, first cops tried non-lethal force to subdue him. They Tased Blake, that didn’t work.

When they saw him reach for a knife, they shot him. What else were they supposed to do exactly?

But Kamala Harris wasn’t interested in knowing what actually happened. She declared that she was proud of Jacob Blake and then her voters burned Kenosha.

Tonight, the mob is in Louisville to protest the death of Breonna Taylor. News organizations told us that Taylor was in bed when police shot her. But she wasn’t, she was in her hallway. They told us that Taylor had nothing to do with her drug-dealing ex-boyfriend whom police were investigating. That’s why they were there.

In fact, intercepted jailhouse communication suggests that Taylor was warehousing that man’s drug money. They told us that police shot first. That’s not true. Taylor’s boyfriend shot a cop first.

Then they told us over and over and over again that police surprised Taylor in the middle of the night. They barged into her apartment in a so-called no-knock raid. Then yesterday the Attorney General of Kentucky exposed that as yet another lie.

The police did in fact knock on Breonna Taylor’s door. They identified themselves as police. There’s a witness to it. But it didn’t matter. They kept lying to us.

Kamala Harris issued a statement attacking no-knock raids. Amazingly, so did Senator Tim Scott of South Carolina, a Republican. Tim Scott should know better.

A grand jury did know better. The jurors considered all of the available evidence in the Breonna Taylor case. And yesterday, they declined to charge the officers with murder. There wasn’t any evidence that a murder took place.

That is how our system is supposed to work. We don’t indict the innocent. That’s wrong. It’s not justice. But the mob doesn’t care about justice no matter what they scream. They want blood.

So with the encouragement of so many of our leaders, they unleashed violence on the City of Louisville. They set fires. They destroyed businesses, then to the surprise of no one, they opened fire on the police. Here are scenes of it.

(BEGIN VIDEO CLIP)

UNIDENTIFIED FEMALE: Shots fired. Shots fired.

UNIDENTIFIED FEMALE: Good?

UNIDENTIFIED FEMALE: I’m good.

UNIDENTIFIED FEMALE: You all good?

UNIDENTIFIED FEMALE: I’m good.

UNIDENTIFIED FEMALE: Right there. Right there. Officer down, right there.

UNIDENTIFIED FEMALE: Officer down?

UNIDENTIFIED FEMALE: Yes.

UNIDENTIFIED FEMALE: We’ve got an officer down.

(END VIDEO CLIP)

CARLSON: Two police officers were shot last night in Louisville. They’re not the only police officers who have been shot recently for political reasons. They’re just the latest. That’s not front-page news. No, it’s not front-page news.

Tonight, thank God, both of those officers are still alive. A man called Lorenzo Johnson is under arrest for shooting them. It seems clear this was not a street crime. It seems clear these were attempted political assassinations.

Lorenzo Johnson’s social media posts don’t look very different from Kamala Harris’s Twitter feed, pro-BLM, outraged by the racist killing of Breonna Taylor.

Whipped into a frenzy by media-generated lies, it is not surprising that people like Johnson will try to murder the police. In fact, they told us last night before they did that they plan to do that.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: All y’all get ready to [bleep] die.

(END VIDEO CLIP)

CARLSON: “Get ready to die.” Now that’s not the kind of thing liberal suburban moms are thinking when they plant BLM signs on their lawns. But that’s the reality of it. BLM leaders have told us many times they would like to murder cops, it’s not something they whisper, and it’s something they shout on camera.

When two cops were shot last night in Louisville, BLM’s Chapter there did not express a word of sympathy for the officers in the hospital with bullets in them. Instead, BLM Louisville called for the total abolition of law enforcement. Apparently, the plan is to take out one cop at a time. Here’s BLM last night in Louisville.

(BEGIN VIDEO CLIP)

UNIDENTIFIED FEMALE: Burn it down. Burn it down. Burn it down.

UNIDENTIFIED FEMALE: Turn that camera off. Turn it off.

(END VIDEO CLIP)

CARLSON: These are violent thugs obviously, many of them, by the way, have college degrees from expensive universities. But in the end, they’re all just foot soldiers. There are legions behind them. People you don’t see on camera. It takes legions. It takes money and it takes organization to stage effective riots for three and a half months.

So it’s worth asking, who is funding all of this? That is a central question too few have tried to answer it. We still don’t know the full answer, but we’re getting a clear picture tonight.

Last night, we showed you footage of a U-Haul truck in Louisville full of rioting supplies and mobile armor. Watch the mob descend on that U-Haul within minutes of the grand jury’s verdict.

[VIDEO CLIP PLAYS]

CARLSON: When we showed you that footage last night, we suggested we had leads as to who might have rented that U-Haul. Tonight we know who did.

We’ve determined that a woman called Holly Zoller paid for that U-Haul truck. Zoller works as a so-called bail disruptor. That’s her description from an organization called The Bail Project. The Bail Project helps get suspected criminals and rioters back out onto the street as quickly as they can.

So who funds The Bail Project? It takes money to get people out of jail. Take a look at that organization’s Board of Directors and it tells you the story.

There’s a first-term Democratic congresswoman on there, but other than that, you will not find a more pampered group of revolutionaries. One Board member is a woman called Lisa Gersh. She previously served as the President of Strategic Initiatives at NBC and a Managing Director at NBC Universal. She also was the CEO of Martha Stewart Living Omnimedia. Gersh even founded her own law firm at one point, not a starving artist.

Another Board member is a man called Michael Novogratz. He is the CEO of Galaxy Investment Partners and a former principal at Fortress Investment Group LLC, and the Fortress Macro Fund. He’s a finance guy. He also serves on the Board of the Princeton Varsity Club.

So what’s going on here? Why are the most privileged people in our society, rich executives like Gersh and Novogratz supporting an organization that bails people out of jail who are destroying our cities and attacking our police? People like that, Board members like this live far from the scenes of riot. So why are they paying for riots? Maybe they’re doing it to cover their own tracks. That’s a thought.

America’s core problems are not racial. America’s core problems are economic. A small group of people have a disproportionate amount of money. Everyone else is getting poor. For the majority of the population, the American Dream is dying.

But if you were on the right end of that equation, you wouldn’t want the public to think too much about this. So maybe you’d fund racial conflict, so they wouldn’t think about it. It’s pretty clever. It’s also completely evil.

Last night, we told you about the Hearst Corporation. That’s a media company that generates more than $11 billion a year. One of Hearst properties — maybe its most famous property — is Cosmopolitan magazine. Cosmopolitan magazine spent most of yesterday raising money to bail out rioters in Louisville.

At one point yesterday, Cosmo tweeted an image of Holly Zoller, the woman who rented the U-Haul and others along with this message. “Support protesters who are brave enough to go out and take a stand-in coming days.” Take a stand? Cosmo wants you to take a stand and send money to people who are taking a stand.

So what does taking a stand look like? Well, they took a stand last time in Portland, Oregon. Cosmo readers did. They tried to kill police officers with Molotov cocktails. Keep in mind, this took place thousands of miles from Louisville and Breonna Taylor. Why?

[VIDEO CLIP PLAYS]

CARLSON: Just Cosmo readers taking the stand. You’ll notice that no one in the crowd tries to stop the firebombing. Instead, they hoist middle fingers at the police. Meanwhile, in Seattle last night, BLM forgot the gasoline, so they tried to kill a cop with a baseball bat. Watch this.

[VIDEO CLIP PLAYS]

CARLSON: Just to be clear, because this is something else they’re lying about pretty relentlessly, the people you just saw are not Trump voters. And that’s not a partisan point designed to help the President’s re-election campaign. It is true.

Every one of these people is a Democrat or Democrat adjacent. Why is that relevant? Many reasons. But here’s one, a word from Kamala Harris might slow these people down. But Harris isn’t interested in slowing them down. There’s an election to win so the mob rages on.

By the way, you should know that in the name of racial justice, a BLM supporter shot a black cop in Louisville last night against racial justice. In Los Angeles, rioters screamed racial epithets at another black cop. Watch this.

[VIDEO CLIP PLAYS]

CARLSON: Well, if nothing else that shows that real life is a little bit more complicated than the straightforward black and white race war the media are always promoting. MSNBC won’t acknowledge that though.

In fact, yesterday, they turned over its airwaves to talking heads who described the African-American Attorney General of Kentucky, Daniel Cameron as a race traitor for disagreeing with them. Watch.

(BEGIN VIDEO CLIP)

JOY REID, MSNBC HOST: Don’t look at the fact that this guy is black. That does not mean anything. He is a Republican through and through. He spoke at the RNC He told you who he was believing.

CHERYL DORSEY, RETIRED LAPD SERGEANT: He is skin folk, but he is not kinfolk. And so just like he thinks they can’t speak for Kentucky because he is up there with a black face, he does not speak for all of us.

ALICIA GARZA, AMERICAN CIVIL RIGHTS ACTIVIST: I think what I saw this morning was a Bull Connor speech in 2020, and you’re right. Unfortunately, it was being given by a black prosecutor.

JASON JOHNSON, MSNBC CONTRIBUTOR: I’m so disgusted by this. I’m so disgusted by Daniel Cameron’s performance. I am so sick and tired of black people going on the air and performing for violence and white supremacy and state-sponsored violence against black people and claiming their mama’s and claiming they are because they are a black man, they care about it.

(END VIDEO CLIP)

CARLSON: Here’s the thought. You shouldn’t put crap like that on TV. It’s too dishonest. It’s too divisive. It hurts the country too much. It’s flat-out racist, and it’s wrong.

And the people who run NBC News should be ashamed of that. They should stop putting that stuff on television. It legitimately hurts the country.

But that’s the position of the Democratic Party. Remember when Joe Biden announced that no true black person could vote Republican? Well, Biden’s allies in the media — and that’s everyone — went a step further. At MSNBC, they explained that black people are, quote, “performing for white supremacy,” if they don’t tow the D.N.C.’s line.

At CNN, the anchors want you to know it’s quote “politically charged” to criticize, quote, “mob violence.” Can you imagine saying something like that?

Our leaders in Congress and on television and at Cosmo have decided that law enforcement of any kind is an act of bigotry? Do they really believe that? Well, of course, they don’t really believe that. That’s why so many of them are surrounded by armed bodyguards.

But it doesn’t matter what they really believe. In the short term, in the run-up to this selection, they are getting their way, and the rest of us will have to live with the consequences of that.

As pandemic death toll approaches 200,000, American oligarchs celebrate their wealth

12 September 2020

The United States is passing through a historic social, economic and political crisis. The death toll from the coronavirus pandemic is nearing 200,000 and could double by the end of the year. Democratic forms of rule are breaking down, with the Trump administration intensifying its open incitement of fascistic violence. Tens of millions are unemployed and face impoverishment and homelessness. Wildfires are burning out of control on the US West Coast.

It is impossible to understand any of these processes outside of the massive levels of social inequality. The United States is an oligarchy, with a concentration of wealth that is historically unprecedented.

The release of the Forbes 400 billionaire report

gives a sense of this reality. The richest 400 

individuals (0.00012 percent of the population) 

now possess more than $3 trillion.

The report declares: “Pandemic be damned: America’s 400 richest are worth a record $3.2 trillion, up $240 billion from a year ago, aided by a stock market that has defied the virus.” The surge in the stock market, underwritten by the multi-trillion-dollar CARES Act passed in March, has filled the already overflowing coffers of the super-rich, who now hold claim to the equivalent of 15 percent of the country’s gross domestic product.

Even the numbers provided by Forbes, based 

on figures from July 24, are a major 

underestimation of the current reality. Since 

that time, the wealth of Amazon CEO Jeff 

Bezos, the world’s richest person, has shot up 

to more than $200 billion, while the wealth of 

Tesla CEO Elon Musk has grown to over $100 

billion. Bezos’s holdings are three million 

times greater than the annual income of the 

typical American household.

The staggering level of inequality reflected in the Forbes list is the central feature of American society, which is defined by the transfer of obscene and ever larger amounts of wealth from the working class into the hands of a tiny financial oligarchy through tax cuts, bailouts, the slashing of wages and the clawing back of pensions and other benefits won by workers in the struggles of the 20th century.

The latest rise in the billionaires’ wealth is not based on any exertion of labor but on the inflation of the stock market, with trillions of dollars in debt from the Federal Reserve and Congress which will be paid off the backs of the working class. Everything has been subordinated to ensuring that the Dow Jones and S&P 500 rise to new heights.

It would take the median American, who earns $33,000 per year, 97 million years to earn as much as is controlled by the wealthiest Americans. Consider what $3.2 trillion could pay for in a year:

·         In the 2016-17 school year, $739 billion was spent on public elementary and secondary schools, providing education for 50.8 million students and employing 3.2 million teachers and another 3.2 million school employees.

·         The Congressional Budget Office projects that the federal government will spend $1.3 trillion on health care programs this year.

·         Diabetes cost the US economy $327 billion in 2017, with insulin accounting for $40 billion of this total. The average cost of insulin, critical for the survival of diabetes patients, is up to $6,000 per year and continues to rise.

·         According to the US Department of Agriculture, $800 billion was spent by Americans on food and beverages for consumption at home in 2019. The federal government provided $60 billion of this in food stamps for the poorest and most vulnerable to gain access to essential nutrition.

·         The 2018 fire season cost $24 billion, driven by record devastation including the destruction of the city of Paradise, California. All told, extreme weather and climate disasters that year cost $91 billion.

Added up, the wealth of just 400 people could pay for an entire year of public education, health care, nutrition and disaster relief for millions of Americans. The UN recently reported that 132 million more people will go hungry worldwide this year due to the pandemic, driving the number of undernourished close to 1 billion.

Despite the burning need to save millions from malnourishment and starvation, the World Food Program faces a shortage of $5 billion in its effort to deliver food to those in need. The wealth of the 400 richest people in the US is more than 600 times this amount.

Every element of politics is subordinated to the interests of this social layer. It is for this reason that the danger of the pandemic was initially covered up, the bailout of Wall Street was organized and the back-to-work and back-to-school campaigns were implemented.

The systematic looting of society left the country vulnerable to such an outbreak. The subordination of health care to the predatory interests of for-profit health care companies and insurance giants turned nursing homes for the elderly into death chambers and left nurses and doctors without the necessary personal protective equipment and other medical equipment—such as ventilators—needed to treat patients.

The drive of the Trump administration to fascism and the cultivation of extreme right cannot be understood except in relation to the class interests of the oligarchy, representing that faction of the ruling class which seeks to smash outright any sign of opposition from the working class. On the other side of the coin, the Democrats represent that faction that has sought to use the politics of race and identity to smother the class struggle while fighting for access to positions and greater wealth.

As only the latest example, the racially fixated New York Times published its “Faces of Power” list this week, noting that too many people in “influential positions” are white. What difference would it make if everyone one of them was black, Hispanic, Asian or Native American? In fact, the report found that a majority of police chiefs in the largest cities are black or Hispanic. Cold comfort for the young black men who are disproportionately killed by police.

The obsession by upper-middle class academics and journalists on race and gender is a distraction from the grotesque levels of wealth that define social relations in American society. This form of politics has nothing to do with the interests of the working class. Instead, it seeks to harness anger over racism and social inequality to advance the interests of a small layer of minorities in the next 9 percent who want a larger piece of the pie hoarded by the top 1 percent.

At every point, science, reason and human solidarity collide with the economic interests of the current rulers of society—the oligarchs, the parasitic masters of finance capital. It is impossible to defend democratic rights or save lives without confronting this issue.

Mass problems such as the COVID-19 pandemic, increasingly deadly fires fueled by climate change, and global hunger require mass solutions. The problems of mankind cannot be resolved without breaking the stranglehold of the capitalist oligarchy in every country. The wealth must be expropriated and directed toward meeting social needs. The large corporations and banks transformed by the working class into democratically controlled institutions oriented to meeting human need and not private profit.

The social inequality that characterizes capitalist society—and all the policies that flow from it—is fueling an immense growth of social anger and working-class struggle. These struggles must be organized and united on the basis of a conscious, revolutionary and socialist program.

THE ENTIRE REASON FOR OPEN BORDERS, AMNESTY, NON-ENFORCEMENT, AND NO E-VERIFY IS TO KEEP WAGES DEPRESSED. IT WORKS!

ALL BILLIONAIRES ARE DEMOCRATS FOR AMNESTY AND WIDER OPEN BORDERS!

 

Desperate to ensure profits, capital has gutted the living 

standards of the working class while engrossing the coffers of

those at the top through financial parasitism.

 

Study finds 90 percent of Americans would 

make 67 percent more without last four 

decades of increasing income inequality


25 September 2020

A new study from the RAND Corporation, “Trends in Income From 1975 to 2018,” written by Carter Price and Kathryn Edwards, provides new documentation of the profound restructuring of class relations in America over the last 40 years.

The study, which looks at changes in pre-tax family income from 1947 to 2018, divided into quintiles of the American population, concludes that the bottom 90 percent of the population would, on average, make 67 percent more in income—every year (!)—had shifts in income inequality not occurred the last four decades.

In other words, any family that made less than $184,292 (the 90th percentile income bracket) in 2018 would be, on average, making 67 percent more. This amounts to a total sum of $2.5 trillion of collective lost income for the bottom 90 percent, just in 2018.

Furthermore, the study concludes, that had more equitable growth continued after 1975 (a date they use as a shifting point), the bottom 90 percent of American households would have earned a total of $47 trillion more in income.

Given that there were about 115 million households in the bottom 90 percent of the US in 2018 population (out of a total of 127.59 million in 2018), that would mean that each of these households would, on average, be $408,696 richer today with this lost income.

To reach these conclusions, the authors break down historical real, pre-tax, income into different quintiles of the population (bottom fifth, second fifth, third fifth, fourth fifth, highest fifth). Looking at the period between 1947 and 2018, they divide the years based on business cycles (booms and busts of the economy).

Growth in Annualized Real Family Pre-tax, Pre-Transfer Income by Quantile from RAND, “Trends in Income From 1975 to 2018,” by C. Price and K. Edwards.

Their data quantitatively expresses the restructuring of class relations that began at the end of the post-WWII boom. Facing intensified economic crisis, automation, and global competition, the US ruling class undertook an aggressive campaign of deindustrialization, slashing wages and clawing back benefits won in the previous period by explosive struggles of the working class, while simultaneously funneling money to financial markets, expanding the wealth and income of both the upper and upper-middle class.

As the data shows, while the bottom 40 percent of American households made significant percentile increases to their income, relative to the top 5 percent, for the 20 years between 1947 and 1968, in the 40 years from 1980 to the present, this trend was reversed. In 1980-2000, the bottom 40 percent of the population experienced a net income gain significantly below that of the top 5 percent. It must be noted that because these are percentile increases, the absolute differences between the gains of the rich versus the poor is far larger.

Furthermore, not included in this data is wealth. In the last 40 years, and especially the last 10 to 20 years, the stock market has become the principal means through which the top 10 percent of the population has piled up historic levels of wealth.

Significantly, the data from 2001 to 2018 shows a sharp slowdown in income gains for all sections of American society as per capita GDP growth slowed and US capitalism experienced a historic decline. However, while the income of the top 5 percent of the population may have only grown by about 2 percent between 2008 and 2018, the wealth of the top percentiles of the population exploded. For example, according to data from the Federal Reserve of St. Louis, the wealth of the top 1 percent of the population increased from almost $20 trillion in the first quarter of 2008, just before the worst of the financial crisis, to almost $33 trillion at the beginning of 2018.

By using the data, the authors come up with a set of counterfactual incomes based on what would be the different income brackets in 2018 without a shift in income distribution. The top 1 percent, instead of making on average $1,384,000 would make $630,000. The 25th percentile, instead of making $33,000 would make $61,000.

Data source: RAND; Graphics by Marry Traverse for Civic Ventures; as published in TIME Magazine

The authors of the study also make several other important observations by breaking down their data on the basis of location, education, and race.

For example, they note, “Racial income disparities below the median have declined over the last four decades. This has primarily occurred because White men in the bottom half of the income distribution are earning the same or less than in 1975.” In other words, for the bottom half of the population, the bulk of the working class, there has been greater parity between sexes and races in terms of pay as white men’s pay stagnated and pay for other sections of the working class slightly increased.

While black men in the bottom 25th percentile of the population only increased their income from $27,000 in 1975 to $30,000 in 2018, black men in the 95th percentile, the upper-middle class, increased their pay from $65,000 in 1975 to $128,000—effectively doubling it.

Regarding education, they note: “Because incomes for those without a college degree have not increased more than inflation over the last forty years, education is frequently touted as a solution to rising income inequality. However, even for college graduates, incomes failed to grow at the rate of the overall growth of the economy. Thus, the economic value of a college degree may largely be in avoiding the negative outcomes felt by those who do not have one. …”

This saliently expresses what a college degree has become for most Americans: a necessity to avoid extreme poverty but in no way a guarantee of a well-paying, stable job.

The authors also note that “Incomes in rural areas have neither kept pace with the growth in broader economy nor with urban and suburban areas,” due to “a decline in the economic health of rural areas.”

The stark class divide expressed in the report is not the outcome of a single politician or for that matter a specific party. Rather, it is the policy, collectively, of the entire ruling class, as American, and indeed global, capitalism entered a period of profound and protracted crisis. Desperate to ensure profits, capital has gutted the living standards of the working class while engrossing the coffers of those at the top through financial parasitism.

 

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