@rbreich

Fed policy also ignores the fact that fascism is unpopular.

Republican billionaire donors are taking a hit as consumers avoid buying from the funders of fascism.

Flagging stock prices then need to be manipulated & boosted using stock buybacks, & funded by price gouging.

Neither gouging or buybacks would be necessary if Republican companies like Home Depot, Hobby Lobby, and AT&T weren't reputationally damaged.

Reputational damage that comes from funding GOP fascism.

@Npars01

#AbolishBillionaires #Plutocracy

Very interesting view.
I can see the point.
Unless the masses all avoid the overpriced goods of the respective billionaires' companies, an argument could be made to save the poor, all must buy from them again, so that price-gourging becomes unnecessary.

Other than that, theoretical solutions are easy:
#WindfallProfitsTax and a #WealthTax and an inference tax that brings wealth distribution of the top 10% back to levels before the #RoaringTwenties...

@Npars01 @rbreich

...and the #GreatDepression.

Listening to #MatthewCooke's American Origin Stories finally convinced me that all #US institutions were set up chiefly to protect the "landed gentry." #Billionaires are the new #aristocracy, and they are not benign. In a #feudal society, #fealty was rewarded by the feudal lord. Today, everyone is just a disposable "input factor."
We live in a virtually global #plutocracy.
This must be remedied.
Back to 70-90% income-tax...

@Npars01 @rbreich

...rates (see previous threads). #TeddyRoosevelt style #TrustBusting must be a no. 1 priority (see other thread).

There must be a strong disincentive to accumulate wealth beyond a certain point.
The Limits to Growth have been known since 1972.
It's five past twelve to finally act on this knowledge.
Republicans will never stand for it. Nor the old-guard of Dems like #NancyPelosi.
All politicians and all public employees (including their kin etc.) must be...

@Npars01 @rbreich

...banned from any trading on financial markets whose decisions might influence their decisions.
Last but not least, #CitizensUnitedVsFEC must be reversely codified.

All #US allies must be given the same most-favored nation treatment. Further clashes w/ authoritarian systems are already on the horizon.
#Capitalism won the #ColdWar, now it is part of the problem.

A #NewDeal 3.0 must be developed and the #US must become more of a social-democracy like..

@Npars01 @rbreich

...its Western #European allies in the #EU that have also transcended monarchical rule.
Lastly, in the face of the next societal revolution, a universal basic income (#UBI) and #UniversalHealthcare must be established.
The Statue of Liberty must once again become the beacon of hope for the world🌎 that it once was before WWI.
For this to happen, the aforementioned, from a none-US, Western point of view, atavistic characteristics and tendencies of...

@Npars01 @rbreich

...the US must be overcome.

These should be the goals, despite the #GOP working against it with all their might for fear of some 19th century French rightwing conspiracy theory, rather recently rebranded in #GreatReplacementTheory (see other thread).