Jocelyn Benson, running for governor of Michigan, her husband's company sued the township to get Oracle OpenAi rammed through. He makes 70 mil commish. No integrity, he stays with the company. They don't care about the people's will. https://t.co/v5VNZxY6Uz
, "This is what an out of touch rich wall st. asshole does, when he's afraid to walk around the street with normal people, unless he has his personal army fuckin' with him". Regarding stop and frisk.
This scheme had all the sophistication of a monkey in a bowtie. If you didn't follow the tax/slush grift story, this is a good summation by @meiselasb.
Wealth inequality in the US has never been wider:
The real wealth of the top 0.001% of US households has grown +3,500% since 1976.
At the same time, inflation-adjusted wealth of the top 0.01% and 0.1% has surged +2,200% and +1,200%, respectively.
By comparison, the average household has seen just a +200% increase.
As a result, there are now ~430,000 households worth $30 million or more, with ~74,000 worth over $100 million.
Meanwhile, ~72% of wealth for the top 0.1% is concentrated in corporate equities, mutual funds, and private businesses.
To put this into perspective, the bottom 50% of US households had more debt than assets for nearly 2 decades, with their average wealth turning positive after the 2020 pandemic, following stimulus checks and growing home values.
Asset owners are the only winners.
That blink... Good to see the slush fund appears to be getting shot down. The self dealing and attempts won't quit till he's gone though. Truly mindboggling.
@RuckerCulpepper@JustinWolfers according to that graph, the "value" they created was things people don't really need, meanwhile the highest cost skyrocketing was healthcare, while healthcare companies make record profits and deny people care. Real value for the money.
@RuckerCulpepper@JustinWolfers "creating value" by owning a bunch of assets, corporations and other things that aren't taxed, and supporting policies that increased the debt. The inflation is an important metric. Their corps shipped all the manufacturing overseas in their multi nationals same timeline.
@MetamateDaz It's a sickness, but they'll be taxed appropriately in the coming years so everyone else isn't pinched. Tide is turning, and their talking points are failing.
โHow To Actually Tax The Rich โ ft. Ray Madoffโ
Scott Galloway and Ed Elson sit down with Ray Madoff to break down how America's wealthiest avoid taxes โ legally.
They dig into the biggest loophole the ultrawealthy use to their advantage and discuss what it would actually take to fix a system that was designed to fail.
Tags: @raymadoff@edels0n @ed_elson_ @profgalloway
Ep๐
@lawyeroyer How likely do you think it is, that they have shred docs and if so , continue past today? When might we find out about it? Would it likely take a whistleblower ?https://t.co/90AHjYYKhP