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Who Rules America?

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  1. noah way

    noah way Well-Known Member

    Who Rules America?

    An Investment Manager Breaks Down the Economic Top 1%, Says 0.1% Controls Political and Legislative Process

    I sit in an interesting chair in the financial services industry. Our clients largely fall into the top 1%, have a net worth of $5,000,000 or above, and if working make over $300,000 per year. My observations on the sources of their wealth and concerns come from my professional and social activities within this group.

    The Upper Half of the Top 1%

    Membership in this elite group is likely to come from being involved in some aspect of the financial services or banking industry, real estate development involved with those industries, or government contracting. Some hard working and clever physicians and attorneys can acquire as much as $15M-$20M before retirement but they are rare. Those in the top 0.5% have incomes over $500k if working and a net worth over $1.8M if retired. The higher we go up into the top 0.5% the more likely it is that their wealth is in some way tied to the investment industry and borrowed money than from personally selling goods or services or labor as do most in the bottom 99.5%. They are much more likely to have built their net worth from stock options and capital gains in stocks and real estate and private business sales, not from income which is taxed at a much higher rate. These opportunities are largely unavailable to the bottom 99.5%.


    I think it

    OutofDate1980 likes this.
  2. LoyalServant

    LoyalServant Well-Known Member

    Corporations rule America, plain and simple.
    We are enslaved to them with no way out.
    The only out I can see personally is another civil war.
  3. OutofDate1980

    OutofDate1980 Well-Known Member

    Found this video discussion from the John Perkins, author of Economic Hit Man. Video is broken up in multiple sections. Found it interesting that corporations once had to provide for the public good and had to provide proof that they met this criteria. A bit quaint in today's environment.

    FORA.tv - John Perkins: How to Remake the Global Economy
  4. mikedt

    mikedt 你好 Guide

    A good example of this was the Copyright Term Extension Act. Brought in because Mickey Mouse, Donald Duck and friends would have gone public domain otherwise, and Disney couldn't have that happening.
  5. keale18

    keale18 Well-Known Member

    Yep large mega corporations and the extremely wealthy have a much larger voice in our political process no way around that simple fact.
  6. noah way

    noah way Well-Known Member

    The silence resounding from the pro-business, no-tax conservatives on this board is deafening ...
    lordofthereef and nlsme like this.
  7. Isthmus

    Isthmus Well-Known Member

    I'm not sure I get the point of this thread. Isn't this the case almost everywhere in the world? a long held truism in politics and international relations is that politics almost always follows the money, not the other way around.
    tommy_ed likes this.
  8. OutofDate1980

    OutofDate1980 Well-Known Member

  9. OutofDate1980

    OutofDate1980 Well-Known Member

    Found this at Sen. Sanders Web site. Looks interesting. You can read full amendment and sign petition supporting this amendment.

    Petition - A Petition to Support the Saving American Democracy Amendment : Bernie Sanders - U.S. Senator for Vermont

    "Proposing an amendment to the Constitution of the United
    States to expressly exclude for-profit corporations from
    the rights given to natural persons by the Constitution
    of the United States, prohibit corporate spending in all
    elections, and affirm the authority of Congress and the
    States to regulate corporations and to regulate and set
    limits on all election contributions and expenditures."
  10. Bob Maxey

    Bob Maxey Well-Known Member

    If people voted, paid attrention to those they elected and fired the bums when they fail to do what they promiced, things would change. It does not matter how much money flows into their campaign. As soon as We the People pay attention and hold these idiots accountable, they will change.

    Money helps then win, but that does not matter; votes only matter. Corporations can give a politician tens of millions of dollars, but that is wasted cash that does no good when people pay attention and start voting the bums out.

    My fear is if a republican is elected, the HC bill will not be dispatched. I just do not trust them anymore.Getting rid of all Dems is a start, but I still think if a republican is elected, it will not change.

    My view is we will see things we should never see happening in this country and my fear is this will be far more scary place in the next few years.
  11. OutofDate1980

    OutofDate1980 Well-Known Member

    Asymmetrical data results in asymmetrical results. Sort of garbage-in garbage-out.

    We make decisions based on the information we know, if information is skewed, results are skewed.

    The very rich can afford to promote their views via a range of media. They can afford to hire bloggers, posters, "grass root" (Astroturf) movements, media storefronts (TV, Radio, Print), etc. which will skew the information provided to voters.​
  12. saptech

    saptech Well-Known Member

    I guess you can say MONEY rules America. It's how Romney was all for the healthcare bill for his state as governor, but now as a republican running for president, he's all against it on a national level.

    How is it different from a state level and national level?
  13. OutofDate1980

    OutofDate1980 Well-Known Member

    Don't blame Romney, he's just doing what his masters pay him do. If you're not paying him, tough cookies. This is a pay-to-play system.
  14. JimmyRayBob

    JimmyRayBob Well-Known Member

    So I guess the black son of a single mother could never amount to much, huh?
  15. saptech

    saptech Well-Known Member

    OutofDate1980 likes this.
  16. JimmyRayBob

    JimmyRayBob Well-Known Member

  17. saptech

    saptech Well-Known Member

    Good question. Maybe different ones do. But remember, congress members stay in office longer than most presidents.
  18. OutofDate1980

    OutofDate1980 Well-Known Member

    Romney's tax returns would be a good place to look to find loop holes that should be closed.

    Investigation: Mitt Romney

    Page 3.

    "Some see the rising influence of finance and financial models in epochal terms. Author of Financialization and the U.S. Economy
  19. SVTLightning

    SVTLightning Member

    Actually bankers rule America, mainly the Rothchild family who have been around for centuries. If you look into their history you will see that what is going on in America today is nothing new as they have been creating a worldwide banking monopoly for a long period of time, and they are now trying to place the final pieces which are in Iran, and North Korea so you can expect to see conflicts in one or both of those countries in the near future. They currently have a central bank set up in every country but those 2, and that is why I say we will see conflicts in those locations. They have been manipulating economies and starting wars for financial gain for a very long time, and I do not see an end in sight unless it is shut down at the source.
  20. ens

    ens New Member

    Yet another call for class warfare?
  21. OutofDate1980

    OutofDate1980 Well-Known Member

    If you mean the criminal class, yes, they have been engaged in warfare. The rest of us are now becoming aware of this warfare.[FONT=&quot]


    "Mr. Diamond and various anonymous bankers quoted in the press suggest that regulators at the very least knew and condoned banks
  22. OutofDate1980

    OutofDate1980 Well-Known Member

    Try not to make the mistake of fighting the last war. At least the Department of Defense Irregular Warfare Support Program (IWSP) is aware that economic crimes is part of warefare.

    The article is linked to the crime of bid rigging the LIBOR. The bench mark for loans.
  23. OutofDate1980

    OutofDate1980 Well-Known Member

    You may want to do your own research, try Google. My guess is you are capable of this feat, but very intellectually young. So here is a link where it spells out the conclusion for you.

    A Huge Break in the LIBOR Banking Investigation | Matt Taibbi | Rolling Stone

    "Barclays agreed to pay at least $450 million to resolve government investigations of manipulation of Libor and the Euro interbank offered rate (or Euribor): $200 million to the U.S. Commodity Futures Trading Commission, $160 million tothe criminal division of the U.S. Department of Justice and $92.8 million to Britain's Financial Services Authority."
  24. EarlyMon

    EarlyMon The PearlyMon Moderator

    Doesn't need to get personal. ;)
  25. OutofDate1980

    OutofDate1980 Well-Known Member

    Which part of "Barclays agreed to pay at least $450 million to resolve government investigations of manipulation of Libor and the Euro interbank offered rate (or Euribor)" is confusing ?

    It is difficult to put a corporation in jail, so a penalty is usually assessed. Charges against individuals follow. Barclays is the 1st, UBS to follow.

    Barclay didn't plea guilty and pay a fine due to lack of effective legal counsel. The CEO was also given the boot.

    This is just the beginning of the process, now the governments have the cooperation of the "guilty" corporation, records of evidence of wrongdoing will point to the individuals that can see the inside of a jail cell.

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