The Rich Are Not Rich Enough in America

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What is this historic chaos really about? If you’ve just arrived and are observing what’s happening in the United States, you might think that our most pressing issue is that the richest among us simply aren’t rich enough – as the Trump administration and the OBBB cuts public services and benefits that will make life more precarious for millions in the name of tax breaks for the rich.

While they play out their destructive tendencies predicated on non-existent problems like DEI or in service to imagined government waste, the real goal is to have a YOYO – you’re on your own – economic system for the masses in order to transfer more income to those without need.

One of the most striking statistics on inequality is the historical trend in the share of national income received by the Top 1 Percent. Figure 1 shows that at the end of the “Roaring Twenties,” just before the Great Depression, the Top 1 Percent held about 20 percent of all income (excluding capital gains) – about where it was in 2022 (most recent data available).

Read on… https://cepr.net/publications/the-rich-are-not-rich-enough-in-america/

Escobar: Taming The Sound And Fury Of The Empire Of Chaos

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In a nutshell: Burevestnik and Poseidon “will ensure strategic parity for the whole 21st century.”

Cue to thunderous silence heard all across the NATOstan sphere – permeated by the usual “the Russians are bluffing” gaggle noise.

Who cares? Facts are stubborn, and continue to be incontrovertible. Extra facts: Putin and Xi signing into law a mutual investment protection agreement, which translates as China protecting trillion-dollar worth Russian companies, Sberbank, Rosneft and Lukoil in case of a potential NATO-Russia war.

Or, in Eurasia connectivity corridor terms, take Putin, during the Russia-Central Asia summit, proposing unifying Eurasian logistics projects into a single network: “This would allow us to exponentially increase the volume of international transportation through our shared region.”

The massive economic/trade potential of Eurasia still remains largely untapped. Cut to the Russia-China goal of building a production-technological belt from the Russian Far East to Central Asia.

web https://www.zerohedge.com/geopolitical/escobar-taming-sound-and-fury-empire-chaos

Saudi Arabia: Migrant Workers in Mecca Arrested for Demanding Unpaid Wages

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At least 600 migrant workers employed by Saudi Arabian Baytur Construction Company have not received their salaries for at least eight months, Human Rights Watch said today. The actual figure of unpaid workers could be significantly higher. The workers at the US$26 billion Mecca-based Masar redevelopment project, funded by the nearly trillion-dollar Saudi Public Investment Fund (PIF), resorted to work stoppages and strikes as a last resort, based on media reports and interviews. Eleven migrant workers were detained and later released.

web Escobar: Taming The Sound And Fury Of The Empire Of Chaos

1984: Grace Commission Report Under Ronald Reagan Showed IRS is a Fraud that Collects Taxes for the Banking Dynasties

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“100% of what is collected is absorbed solely by interest on the Federal Debt … all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.”

-Grace Commission report submitted to President Ronald Reagan – January 15, 1984

Ronald Reagan was promptly shot after he dared to criticize the Fed, on the same day that the Pope was shot. After recovering, he changed his mind and praised the Fed. About seven US Presidents have been assassinated for not cooperating with the Transatlantic Banking Dynasties (William Henry Harrison, poisoned, in 1841, Zachary Taylor, Lincoln,
Garfield, McKinley and John F. Kennedy 1963; 7 if FDR’s poisoning is counted). …

https://ia600508.us.archive.org/19/items/TheGraceCommisionReportRevealedIrsFrontForBankingDynastiesIn1984/TheGraceCommisionReport-RevealedIrsFrontForBankingDynastiesIn1984_djvu.txt