BIDEN CRONY JEFF BEZOS OF AMAZON SAYS HE CAN’T AFFORD TO PAY LIVING WAGES!
HERE’S WHY:
https://www.youtube.com/watch?v=lTYfJwTuP4A
This is because despite all its declarations, the Democratic Party is not a party of workers. It, as Biden’s transition team attests, is a party of Wall Street, big banks, Amazon, and the military-industrial complex.
The parasitic growth in wealth was most pronounced in the United States, the center of world capitalism. The ranks of billionaires in all of North America grew by 17.5 percent from last year. In fact, North America’s 980 billionaires account for 30.6% of the world’s billionaires.
THE BIDEN KLEPTOCRACY
American people deserve to know what China was up to with Joe Biden, especially when Beijing had already shelled out millions of dollars to Biden family members — including millions in set-asides for “the big guy.” What else is on that infamous Hunter Biden laptop? The conflicted Biden Justice Department cannot be trusted to engage in any meaningful oversight on this issue. We need a special counsel now.
TOM FITTON - JUDICIAL WATCH
There it is. That's the issue. To begin, you have the corrupt family Biden. They've been scamming us and our system well for almost fifty years. The man is supposedly worth over 250 million dollars. How is this possible on his salary? It's not. So where did his wealth come from? Not from being a brilliant businessman. DAVID PRENTICE
VP Harris Urges World Leaders to Close 'Gaps Between the Rich and Poor'
(CNSNews.com) - To reach the ideal of "equality," "we must acknowledge that inequality has always existed in our world," Vice President Kamala Harris said Thursday in a speech to world leaders at the Paris Peace Forum.
The pandemic has made the "gaps between the rich and poor" worse, she said, with global poverty on the rise as well as "extreme wealth."
She said the progress on gender equality is "under threat," and she quoted "experts" as saying that it will take decades for women to "achieve parity with men."
"Well, today we face a dramatic rise in inequality and we must rise to meet this moment. I believe that we as leaders must ask why this inequality persists."
Harris told leaders they must ask the following "why" questions:
Why is it that one percent of the world now owns 45 % of the world's wealth?
Why is it that one in 4 people in our world lack access to clean drinking water at home?
Why is it that one in three women in the world experience sexual or physical violence during her lifetime?
Why is it that only half of the world has access to the Internet?
Why have we allowed so many of the world's children to go hungry when we know that we produce enough food to feed the entire world?
We cannot be aware of these gaps and simply resign ourselves to them. We cannot accept them by thinking simply, this is what has always been and what will always be. We must instead agree that these growing gaps are unacceptable, and we must agree to work together to bridge them.
Harris said it's not about charity -- it's about "our duty and what we owe to each other as human beings."
She said it's also a "strategic imperative" to close the gaps as the world grows more and more interconnected.
‘Challenge the status quo’
And what is Harris's solution? Build Back Better, of course -- President Biden's plan to raise taxes on rich Americans and redistribute the money to the poor and middle class.
"We must challenge the status quo and build something better," Harris told world leaders.
"To get at the root of this challenge we must look critically at the longstanding systems and structures that are fractured and fissured, and we must fix them.”
The solution begins with "action at home," she said, and then then by "showing solidarity as a global community.”
Harris said the Biden administration "is committed to addressing our own systemic gaps," beginning with passage of the bipartisan infrastructure bill.
"Another bill that will support our nation's workers and families and help us meet our climate commitment is poised to pass soon. Together, these bills are designed to lift people out of poverty, to put people to work in good jobs, and to help bridge the gaps that persist in our nation."
Harris said no single nation can take on inequality alone.
"So as we go forward from this place, let us not be burdened by what has been. Let us focus on what can be. And let us realize a better future together."
THE DEMOCRAT PARTY'S BRIBES SUCKING KLEPTOCRACY
Watters' World' investigates Nancy Pelosi's financial dealings
https://www.youtube.com/watch?v=3M4QZJxb9Dw
OE BIDEN'S CRONIES MARK ZUCKERBERG AND JEFF 'BEZOSHEAD' BEXOS ALREADY PAY LESS THAN 3% TAX
This is because despite all its declarations, the Democratic Party is not a party of workers. It, as Biden’s transition team attests, is a party of Wall Street, big banks, Amazon, and the military-industrial complex.
Hoarding Sweeps Across America, Sparks Food Shortages & Sharp Price Hikes As Supply Chains Collapse
THE ECONOMY TAKING A TURN FOR THE WORSE, ENDLESS MONEY PRINTING WILL CAUSE MORE PAIN, HOME PRICES
Joe Biden, Democrats Seek $625 Billion Tax Cut for Wealthy Coastal Elites
President Joe Biden’s “Build Back Better Act,” a filibuster-proof $1.75 trillion budget reconciliation package, gives $625 billion in tax cuts to the nation’s wealthiest blue state residents.
Slipped into the reconciliation package are hundreds of billions of dollars worth of tax cuts for the Democrat Party’s wealthiest donors, that would be paid for by America’s working and middle class.
A newly released analysis of Biden’s budget finds that plans to increase the State and Local Tax (SALT) deduction cap from its current $10,000 to $80,000 would effectively amount to a $625 billion tax for the wealthiest of Americans living in blue states.
The analysis reveals that “a household making $1 million per year will receive ten times as much from SALT cap relief as a middle-class family will receive from the child tax credit expansion.”
(Chart via Committee for a Responsible Federal Budget)
“Roughly 98 percent of the benefit from the increase would accrue to those making more than $100,000 per year, with more than 80 percent going to those making over $200,000,” prior analysis from the Committee for a Responsible Federal Budget noted.
Biden has repeatedly claimed that his budget will aid middle class Americans the most. In one statement, Biden wrote that his budget “will lower costs for American families.” In another statement, he wrote that his budget will “cut taxes for the middle class.”
The left-wing Tax Policy Center, though, estimates that Biden’s budget will provide massive tax cuts to the nation’s top five percent of earners while increasing taxes on 20 to 30 percent of middle class earners.
Specifically, the estimate found that Biden’s budget will give a tax cut to 66 percent of Americans earning more than $1 million annually while 78 percent of Americans earning $500,000 to $1 million will get a tax cut.
At the same time, 27 percent of Americans earning $75,000 to $100,000 would see a tax increase along with 19 percent of Americans earning $50,000 to $75,000.
In 2017, former President Trump had the SALT deduction capped at $10,000. Since then, Democrats have sought to deliver their wealthy, blue state donors with a massive tax cut by eliminating the cap altogether or greatly increasing it.
Biden, for instance, had sought to include tax cuts for his billionaire donors in a Chinese coronavirus relief package earlier this year. The plan was ultimately cut from the package. House Speaker Nancy Pelosi (D-CA), in May 2020, also tried to include the plan in a coronavirus relief package.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
THE DEMOCRAT PARTY'S BRIBES SUCKING KLEPTOCRACY
Watters' World' investigates Nancy Pelosi's financial dealings
https://www.youtube.com/watch?v=3M4QZJxb9Dw
The Biden family has gotten special treatment from Ukrainian oil interests, and the Pelosi family has a similar advantage. Paul Pelosi, Jr. was a board member of Viscoil and an executive at its related company NRGLab, which was involved in energy business in Ukraine. Perhaps the use of the Intelligence Committee has given the Democrats the opportunity to limit Republican questioning and maintain secrecy over the responses from subpoenaed witnesses. This would prevent any official record implicating Pelosi's son.
Wealth-X report: Billionaire wealth surged during pandemic
A new report from research firm Wealth-X found that the global COVID-19 pandemic has intensified the growth of social inequality and witnessed an unprecedented accumulation of wealth among the most privileged layers in society. For the first time in human history, the world had more than 3,000 billionaires in 2020.
This amounts to a 13.4 percent increase in billionaires since 2019, currently totaling 3,204 individuals, with a median wealth of $1.9 billion. Billionaires’ collective wealth swelled to $10 trillion, a 5.7 percent increase from 2019.
“Viewed in aggregate, the global pandemic delivered a windfall to billionaire wealth, boosted by the flood of monetary stimulus and swelling profits in key sectors that coined a new wave of younger, self-made billionaires,” the report said.
Billionaire wealth has increased steadily since 1990, but one-third of these wealth gains have occurred during the pandemic. US billionaire wealth increased nineteen-fold over the last 31 years, from an inflation adjusted $240 billion in 1990 to $4.7 trillion in 2021.
The parasitic growth in wealth was most pronounced in the United States, the center of world capitalism. The ranks of billionaires in all of North America grew by 17.5 percent from last year. In fact, North America’s 980 billionaires account for 30.6% of the world’s billionaires.
The US was the top billionaire country in 2020. According to a report from Americans for Tax Fairness (ATF) and the Institute for Policy Studies Program on Inequality (IPS), American billionaires have seen their collective wealth surge by 62 percent, approximately $1.8 billion, since March 18, 2020. Following North America, Asia saw its number of growing by 16.5%, for a grand total of 883. Asia’s billionaires saw their collective net worth grow to $2.6 trillion, a 7.5% increase.
The good fortune of this tiny layer of the world’s population over the past 18 months is all the more appalling when contrasted to the growing immiseration and impoverishment of billions of workers around the globe. As a few thousand billionaires amassed enormous sums of wealth, workers around the world lost $3.7 trillion in earnings during the pandemic, according to a report from the International Labor Organization (ILO).
The report estimated an 8.8 percent year-by-year decline in global working hours from 2019 to 2020, equivalent to 255 million full-time jobs. This is approximately four times greater than the recorded loss during the 2008-09 global financial crisis.
The lost working hours were due to massive cuts in working hours and unprecedented levels of job loss, impacting some 114 million people and their families. Significantly, 71 percent of these job losses came from “inactivity,” meaning at least 81 million people around the world left the labor market because they could not find work.
Women have been more adversely affected by the pandemic than men. Globally, employment losses for women stand at 5 percent, versus 3.9 percent for men. Women were much more likely than men to drop out of the labor market, most commonly due to childcare concerns. Younger workers have also been devastated. Employment fell by 8.7 percent among workers aged 15-24 years old, compared to 3.7 percent for adults. Generation Z, the oldest of whom is 23, has become the most unemployed generation and is on track to experience the same financial struggles as millennials.
In the US alone, the official poverty rate rose by 1.0 percent from 2019 to 2020, according to the US Census Bureau. The poverty rate grew to 11.4 percent, marking the first increase in the official poverty rate after five years of consecutive decline. In 2020, there were 37.2 million people in poverty, approximately 3.3 million more than in 2019.
At the same time, median household income in 2020 dropped by 2.9 percent from the previous year. This is the first statistically significant decline in median household income since 2011.
Over 86 million Americans have lost jobs, almost 38 million have been sickened by the virus, and over 675,000 have died from it. Between 2019 and 2020, the real median earnings of all workers fell by 1.2 percent. The total number of people reporting earnings decreased by about 3 million, while the number of full-time, year-round workers decreased by approximately 13.7 million.
The chief obstacle to solving the world’s burning social questions—whether the devastating impact of COVID-19 or the widespread growth of poverty—is the private profit interests of the capitalist ruling class. Every action these vultures have taken in response to the pandemic has been driven by the effort to protect the wealth and privileges of a few. To save lives and avert even further disaster, workers must fight for a policy based on the interests of the working class, the vast majority of society.
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