Oligarchy Has Arrived. Congress Must Take Notice — and Act!

This is a guest post from our friend Bob Lord, who you may recall from previous guest posts. This was originally published a few days ago at Inequality.org – bmaz

The United States is experiencing a level of wealth inequality not seen since the original Gilded Age. This yawning gap between rich and poor has unfolded right out in the open, in full public view and with the support of both political parties.

A malignant class of modern robber barons has amassed unthinkably large fortunes. These wealthy have catastrophically impacted our politics. They have weaponized their wealth to co-opt, corrupt, and choke off representative democracy. They have purchased members of Congress and justices of the Supreme Court. They have manipulated their newfound political power to amass ever-larger fortunes.

The result? We can sum that up with a word usually associated with nations like Russia: oligarchy. Unless Congress takes action, inequality — and the instability inequality invariably produces — will only intensify.

The Patriotic Millionaires have been sounding out the alarm, over recent years, on inequality and oligarchy. More than most, our members — all men and women of substantial means — understand just how much wealth can buy. Wealth can even turn tax systems toxic.

In well-functioning democracies, tax systems serve as a firewall against undue wealth accumulation. By that yardstick, our contemporary U.S. tax system has failed spectacularly. Those of us in Patriotic Millionaires have witnessed that failure first-hand. Our nation’s current tax practices allow and even encourage obscene fortunes to metastasize while saddling working people with all the costs of that metastasizing. Years of this approach to taxation have hollowed out our middle class and our democracy.

Congress can change all that. Enter the OLIGARCH — Oppose Limitless Inequality Growth and Reverse Community Harms — Act. The architects of this legislation, led by Representatives Barbara Lee (CA-12) and Summer Lee (PA-12), have crafted a visionary approach to combat the existential threat to democracy we all now face. The OLIGARCH Act offers a powerful mechanism that can break the vicious cycle of unchecked wealth accumulation we now find ourselves trapped inside. That mechanism: a wealth tax tied directly to our level of inequality.

Enacting the OLIGARCH Act would create a dynamic tax structure that quickly responds to changes in our distribution of national wealth. The OLIGARCH Act’s elegantly straightforward solution builds upon a set of tax rates that escalate as a wealthy taxpayer’s wealth escalates:

  • A 2 percent annual tax on wealth between 1,000 and 10,000 times the median household wealth.
  • A 4 percent tax on wealth between 10,000 and 100,000 times the median household wealth.
  • A 6 percent tax on wealth between 100,000 and 1,000,000 times the median household wealth.
  • An 8 percent tax on wealth exceeding 1,000,000 times the median household wealth.

As inequality swells, in other words, the wealth tax would intensify, in the process acting as both a deterrent to wealth concentration and an antidote to it. As inequality recedes, our economic playing field would become more level. All of us would find ourselves better situated to flourish.

The OLIGARCH Act legislation also recognizes our fundamental need to counter tax evasion among the wealthiest households. By mandating a minimum 30 percent audit rate on ultra-rich households and instituting penalties for significant valuation understatements, the OLIGARCH Act would fortify our nation’s capacity to shut down tax manipulation and evasion.

We’ve reached a tipping point in our nation today. Extreme wealth is begetting extreme power, in turn begetting even more extreme wealth. The resulting stranglehold our richest hold over our democratic institutions has led to a government that caters to billionaires while working citizens struggle to make their voices heard. This imbalance doesn’t just weaken the integrity of our democracy. This imbalance emboldens extremist ideologies that thrive whenever masses of people become politically disillusioned.

We face a stark choice. Will we allow a handful of individuals to wield their wealth like a weapon against our nation’s bedrock principles? Or will we rise to the occasion, defend our democracy, and reaffirm our commitment to a society that offers real opportunity and disperses power — instead of letting that power concentrate among a fabulously wealthy few?

Those of us working with Patriotic Millionaires see the OLIGARCH Act as more than just a piece of legislation. We see it as a statement of purpose, a declaration that the American people will not stand idly by and watch the principles we hold dear erode away. We see the OLIGARCH Act as a call to action that asks each and every one of us to join the chorus demanding change. By urging our congressional representatives to co-sponsor and pass this transformative legislation, we pave the way for a future where democratic capitalism thrives, inequality recedes, and the American way of life endures.

Safeguarding our democracy, today more than ever, requires us to address the catastrophic — and rapidly growing — inequality that’s empowering a new aristocratic ruling class. To do anything less than challenge that class would leave our democratic institutions to the whims of America’s oligarchs. The stakes run that high.

Bob Lord, a veteran tax attorney and Institute for Policy Studies associate fellow, is currently serving as a senior advisor on tax policy for Patriotic Millionaires.

The End Of Roe v. Wade

Is the title of this post alarmist? No, not really. That is effectively what the new Texas law has done, and has now been fulsomely endorsed by the Supreme Court, without even the courtesy of full briefing, oral argument and a merits decision. It was known this was coming when SCOTUS let this bunk take effect yesterday morning without action, it was just a question of what the backroom dynamics were in that regard. Now we know.

Here is the “decision”. As anti-climatic as it is, it is important. This is decision on a law, and the words count.

It is madness upon not just in Texas, but the entire country. These earth shattering decisions used to come only after full briefing and argument. No longer, now the shadow path is supreme.

Agree with Mark Joseph Stern in Slate when he says this:

At midnight on Wednesday, in an unsigned, 5–4 decision, the Supreme Court effectively overturned Roe v. Wade. The five most conservative Republican-appointed justices refused to block Texas’ abortion ban, which allows anyone to sue any individual who “aids or abets” an abortion after six weeks, when the vast majority occur. There is no exception for rape or incest. The decision renders almost all abortions in Texas illegal for the first time since 1973. Although the majority did not say these words exactly, the upshot of Wednesday’s decision is undeniable: The Supreme Court has abandoned the constitutional right to abortion. Roe is no longer good law.

Texas’ ban, known as SB 8, constitutes a uniquely insidious workaround to Roe. It outlaws abortion after six weeks, but does not call on state officials to enforce its restrictions.
Instead, as Justice Sonia Sotomayor wrote in dissent, the law “deputized the state’s citizens as bounty hunters, offering them cash prizes for civilly prosecuting their neighbors’ medical procedures.” Random strangers can sue any “abettor” to an abortion anywhere in Texas and collect a minimum of $10,000, plus attorneys’ fees. The act’s language is incredibly broad, encompassing any friend, family member, clergy member, or counselor who facilitates the abortion in any way. Every employee of an abortion clinic, from front-desk staff to doctors, is liable as well. And when an individual successfully sues an abortion provider, the court must permanently shut it down.

What other questions does this action, really inaction, by SCOTUS generate? A lot. Peterr asked this elsewhere:

Next up, perhaps, in the Texas legislature, now that SCOTUS has affirmed (5-4) their new approach to enforcement of state laws . . .

Texas declares that black and hispanic people shall not be allowed to vote, and delegates enforcement to any citizen, allowing them to sue for at least $10,000 if they can prove a black or hispanic person voted.

Texas declares that marriage is reserved to one man and one woman, and delegates enforcement to any citizen, allowing them to sue any same-sex couple who presents themselves in any form or fashion as “married” for at least $25,000 . . .

etc. etc. etc.

Again, not hyperbole. For now though, it is crystal clear that Roe is gone. There will be different laws in different states, at best. That is it.

What happens when states like Texas/their citizen plaintiffs start trying to enforce their craven law as to conduct occurring in other states? I don’t know, but that is the next horizon.

At any rate, this is going to be a problem for a very long time. If SCOTUS will do this though, given their clear previous precedent contrary to today’s order, means you can kiss voting rights cases goodbye.

It is a not so brave, nor honorable, new Supreme Court world.

On Helmets And Vaccinations

Okay, so I told an old war story from the motorcycling days of my youth in an earlier thread. In response to a Raven Eye comment, I said:

“Your story of father and BB guns really holds water though. A friend and me, pre driver’s license, used to ride dirt bikes all over what is now suburbia. We would take 410 shotguns out quail and dove hunting. They seemed, shall we say, not very effective at range. So, one day with leathers and helmets on, we paced off, maybe 50-75 yards and shot at each other. We each took some pellets but no harm. And that is the kind of stupid your father foresaw.”

As stupid as it sounds on the surface, it was fine. We were both wearing motorcycling attire and full coverage helmets. Looking back, it still falls in the “things you ought not do” department. But we were in no real danger, just young and stupid.

I’ll get to the “vaccinations” part of this post in a minute, but back to helmets. I never even thought to wear a bicycle helmet, whether riding on the streets of Tempe in college (hey, I got sideswiped once!), or on those of Santa Monica in the summers. Literally never crossed my mind. Now they are ubiquitous on almost every bicyclist you see.

Back to the helmet thing. I wore a Bell Star, with flip down visor. It cost an insane amount of money at the time, but my mother paid it in a heartbeat, as my friends and I did not just ride to hunt quail and dove, we raced motocross and hare and hounds. It was the classic white Bell Star one, with a flag decal on each side. My friend in this story did not wear a Bell, but, I think, a Shoei. There were not that many full coverage helmets that early. Either way, we were pretty safe for the 410 test.

That Bell helmet later saved my life. I had done some wrenching on a friend’s Yamaha 250 (close to what I had raced earlier), and was taking it home to him. Doing 30-40 mph on a large street with a palm tree median when a little sports car made a left turn in front of me. The bike collapsed into the side, and I was catapulted over it and landed 20-30 yards on the other side, on my knees, elbows and head. The elbows were skinned, the knees really hurt, and the trusty Bell Star was cracked in the cranium section. Cracked. That would have been my head. I went to the hospital for a checkup, but was released within a couple of hours. Concussions were not yet a thing.

Such is the value of helmets. But how many people out there now, without a thought, wear bicycle helmets, but ignorantly refuse to get vaccinated? I honestly do not know the answer, but it strikes me that it may be a quantifiable amount. And how is that exactly? Here is an NFL player, once “hesitant” that found the vaccine jesus. Good for Travis Kelce. For one and all, PLEASE go get fully vaccinated; it is good for you, your family and society. It, like helmets, can save lives. Do it.

Van Halen

Not by any choice, we revert to being a music blog.

They were originally four, and they came out of Pasadena/Hollywood. A friend went to high school with them. David Lee Roth may have been the lead singer, but Eddie Van Halen was always the founder and glue.

First saw them at a local radio station (KDKB) sponsored concert. Their designator was 93.3. So they did, back in the day, a series of “93” concerts. Honestly cannot remember whether it was $1.93, $2.93 or whatever. But I heard it on the car radio coming back from class, and I, and three roommates, went to see them at the Celebrity Theater. Their only radio play was a cover of the Kinks “You Really Got Me”. It was a pretty kick ass cover though, so off we went. It was wildly good.

There are a lot, and different, transcendental guitar players. Eddie Van Halen was one. It was apparent immediately. He was that good.

Now gone. RIP.

19 Years On

Next year it will be twenty years on. A few minutes ago it was exactly 19 years to the minute. The first plane hit the North Tower at 8:46 am EST. We now suffer a 9/11 every couple of days in the US thanks to Trump’s bungling of the Coronavirus response.

Fires are decimating some of the most beautiful parts of the country on the west coast. Corona is almost certainly set to rage again with the great “re-opening”.

But let’s take a minute to remember what happened 19 years ago, and how the nation came together and responded then. Imperfectly, and sometimes tragically, from the Bush/Cheney regime. It has all been covered here on these pages. The moment could have created a lasting unity and, instead, was exploited to the opposite. But for a couple of days, it felt different. Let us remember why.

Impoverished Teachers Or The Rich Bitches Of Professional Sports?

Which side are you on? I have been an avid, if not rabid, sports fan since I was a little kid. Still am. It would be great to have sports back on a full scale.

But at what cost? How important is it really?

The NFL, MLB, NBA and NHL are all demanding daily testing, even when they are, as Amy Trask has coined it, “enbubbled”.

Not all the athletes are millionaires, many are not paid near that and are just trying to hang on and make a living for themselves and their families. That is a good thing. But even the common professional athlete makes many times more than a teacher.

Who is more important to society in the long run? The league personnel and athletes are getting tested and traced relentlessly in their bubbles and training camps because billionaire owners, TV platforms and gambling lobbyists demand it. They are tired of their gravy train being interrupted. An understandable thing if in their shoes. But 99.9% of the citizenry is not in their shoes.

Teachers and their schools are being ordered to open with nothing in place for their, or their students’, safety. How many teachers in Florida could be tested in Florida if the insane capacity being expended in the Magic Kingdom on the NBA were reallocated to a better benefit? How will that play out with that which is allocated to the NFL, MLB and NHL were reallocated across the country?

Where are the real priorities in a time of pandemic this country, and this world, has not seen in the last 100 years?

I want to reemphasize, would love for all the sports to be back. That would be wonderful. Especially when we all are sequestered unnaturally in our own homes.

But maybe teachers and their students….our children….and the future of all are more important than the current demand for sports.

The Covid danger is real, it is not a joke. It is not partisan politics. Here is a heartbreaking story. This man ran through my neighborhood to a win. The young and strong are in danger, not just the old and infirm.

Maybe, at least temporarily, our priorities ought change. Maybe LeBron James and Tom Brady should give their daily test to a teacher.

The Good Trouble of John Lewis

Another lion has left the earth. John Lewis. And that damn bridge in Selma needs to be immediately renamed for him, as has been discussed for years. Do it now. But finally abolishing the name and specter of the Edmund Pettus Bridge will not be enough. Structurally, the Pettus is not very large, it only has four piers, but it spans the arc of civil rights. The very civil rights still at issue today. John Lewis is the epitome of that arc.

From the New York Times:

Representative John Lewis, a son of sharecroppers and an apostle of nonviolence who was bloodied at Selma and across the Jim Crow South in the historic struggle for racial equality and who then carried a mantle of moral authority into Congress, died on Friday. He was 80.
……
Mr. Lewis’s personal history paralleled that of the civil rights movement. He was among the original 13 Freedom Riders, the Black and white activists who challenged segregated interstate travel in the South in 1961. He was a founder and early leader of the Student Nonviolent Coordinating Committee, which coordinated lunch-counter sit-ins. He helped organize the March on Washington, where Dr. King was the main speaker, on the steps of the Lincoln Memorial.

Mr. Lewis led demonstrations against racially segregated restrooms, hotels, restaurants, public parks and swimming pools, and he rose up against other indignities of second-class citizenship. At nearly every turn he was beaten, spat upon or burned with cigarettes. He was tormented by white mobs and absorbed body blows from law enforcement.

This day was clearly coming, it was widely known Lewis was not well and in the throes of cancer. The death also comes as the racist cancer in society he fought so hard as a youth is center stage yet again. Not just in the abuse in the streets by police, not just in the Black Lives Matter movement, but in the despair of the poor and downtrodden. And, importantly, in favor of all citizens voting.

As Barack Obama said:

“Generations from now,” Obama said when awarding him a Medal of Freedom in 2011, “when parents teach their children what is meant by courage, the story of John Lewis will come to mind — an American who knew that change could not wait for some other person or some other time; whose life is a lesson in the fierce urgency of now.”

The fierce urgency of now is every bit as critical as at any time in history.

The Chicks Are Owed An Apology

Once upon a time, back when the United States was under the leadership of another fairly incompetent Republican President (yes yes, Bush and Cheney look a little better now compared to Trump and Pence, but only because they were actually semi-competent in their evil, but they were still very evil), there was was sensationally good crossover country/pop group known as the Dixie Chicks.

They were country, but never of the “stars and bars” Dixie kind. It was simply an appellation. In fact, they were all pretty forward and progressive thinking and talking. And man did they get in trouble for it. I guess the new term of the day is “cancelled”, which is kind of an idiotic term, but the howlers really did try to obliterate Natalie Maines, Emily Strayer and Martie Maguire. From Wiki:

On March 10, 2003, nine days before the invasion of Iraq, the Dixie Chicks performed at the Shepherds Bush Empire theater in London, England. It was the first concert of their Top of the World tour in support of their sixth album, Home. Introducing their song “Travelin’ Soldier”, Maines told the audience the band they did not support the upcoming Allied invasion of Iraq and were “ashamed” that President George W. Bush was from Texas. Many American country music listeners supported the war, and Maines’s remark triggered a backlash in the United States. The Dixie Chicks were blacklisted by thousands of country radio stations, and the band members received death threats. Maines issued an apology, saying her remark had been disrespectful; in 2006 she rescinded the apology, saying she felt Bush deserved no respect. The backlash damaged sales of their music and sales of their next album and tour.

In a September 2003 interview, Maguire told the German magazine Der Spiegel: “We don’t feel a part of the country scene any longer, it can’t be our home anymore.” She noted a lack of support from country stars, and being shunned at the 2003 ACM Awards. “Instead, we won three Grammys against much stronger competition. So we now consider ourselves part of the big rock ‘n’ roll family.” Some fans were dismayed, but the group made no clear response.

If you have forgotten, which is awfully easy to do in these pandemic days of Trump, this was a huge deal at the time. The United States government under the Bush/Cheney regime, and the entire country music scene hated on them and ostracized them. It was one of those kind of fulcrum moments. It was not just the Iraq war, it was torture, the unitary executive, free speech, protest…..everything was wrapped up, in a cultural way, in the actions of the Dixie Chicks. It was symbolic of the divide.

But Natalie Maines, Emily Strayer and Martie Maguire were bad ass and stuck to their morals and thoughts. They got hammered at the time, but they hung in and are still here bigger and badder ass than ever. They are now just The Chicks, having dumped the Dixie part of their original name. The Chicks are owed a debt of gratitude and an apology for the idiocy and bigotry they faced from the howlers during the Bush/Cheney years, and they are here to let you know they are still on the good side of the cutting edge.

The Chicks have a new song and video out. “March March”, and it is truly awesome. A song for this time. I saw it last night at Atrios’ joint, and it is really superb. Take a look. Expand it and watch it full screen, it is worth it. This is the music of protest, and in the best way. Music was key in the 60’s and it is key now. It spreads far and wide what people feel, whether they are in the streets or at home. The “at home” part seems even more pertinent now in the time of unabated pandemic at the hands of yet another evil Administration. And that is our trash talk for this weekend, get on it!

Emptywheel Blog Live Music II: Electric Bugaloo

So, last weekend we did a live music discussion that turned out to be unexpectedly wildly popular. So, this weekend, we will do a related followup as to the concerts we have all been to. This was suggested by our Roving Reporter Rosalind and, trust me, she has some heavy experience with concerts.

So, here we go. What was your:

First concert you attended:
Stadium:
Arena:
Club:
When:

Favorite Concert:
Stadium:
Arena:
Club:
When:

Last concert you attended pre quarantine:
Stadium:
Arena:
Club:
When:

Bonus Question!
Concert/Artist you most want to see once quarantine is lifted:

Post music today is the Monkees with I’m Not Your Stepping Stone. And, yeah, that is one of my answers. Specifically the first concert I ever attended. It was on January 21, 1967, at the Veterans Memorial Coliseum in Phoenix. It was fine, but you could barely hear the music because of the crowd screaming (a problem with the Beatles first forays into the US too). I was a little kid, but the senior in high school across the street from us agreed to take me. It was pretty fun. But there is a sad turn here too. My mother promised me a concert for my birthday. I really wanted to see The Doors, but they were not scheduled for Phoenix yet. The Monkees were, and I figured there would be time later to see the Doors, so I went to the Monkees. The Doors came the next year, I didn’t get to go, and then Morrison died a couple of years later. I finally caught the Doors in college, but was just not the same without Morrison. Ah well, regrets I have a few.

Okay, you mopes know exactly what to do. Let’s rip this joint.

The Locked Down, Locked Up, Quarantine Gotta Get Down To It Emptywheel Live Music Trash Talk

Okay, I meant to do this last weekend, but a severe dental emergency intervened. Turns out even dentists, whether local or international (I have both), are constrained too. But they are medical professionals like so many these days, and keep them in mind. Without the office that took care of me here, I would be an insanely hurting cowboy about now. Instead, I am starting to be and feel fairly good, after a lot of painkillers in the interim, and, man, am I thankful. Real pros.

So, back to the stated purpose: Live Music Discussion. Live music is the real test. A lot of people with studio musicians, tone benders and professional mixing can make a decent sounding studio album. But it it real, or is it Memorex (old commercial reference)? Some bands just cannot do it live (early Steely Dan and early Tom Petty are two examples I remember well).

Some bands, you think “there is no way in hell they can pull that off live”, (I’d also put early thoughts on Pink Floyd and Bowie before I saw them in this category) and then you see them live and are totally “holy fucking shit, they not only could do it live, but were even better, WOW”! Floyd and Bowie were absolutely, and stunningly so, in the latter category. Holy shit were they fantastic live.

But this is an individual thing, we all have different thoughts and experiences. So let’s let the hair down and rock. This will be a comments fueled discussion, and I hope a few outside people lob in. For now, with great assistance from our longtime friend and colleague blogger from FDL, Richard Taylor, aka Dakine, here is a list of some of the best live albums ever.

This is NOT an end all list, but it is a very good one. And it is in no particular order whatsoever, ranking will be what you are all going to do. One to start discussion, not to end it. It is up to you folks to expand, and I know you will. Also to you to point out what tracks you especially like, and why off any album. Off we go….

Otis Redding “Live in Europe”
Allman Brothers “Fillmore Tapes” (includes live cuts from “Eat a Peach”)
Leon Russell “Leon Live”
Little Feat “Waiting for Columbus”
J Geils Band “Full House”
Rolling Stones “Get Yer Ya-Yas Out”
Deep Purple Made In Japan
Blue Oyster Cult On Your Feet Or On Your Knees
Cheap Trick Live at Buddokan
The Angels Live at Melbourne
The Who Live At Leeds
The Doors Absolutely Live
The Dead Live 1972 and Steal Your Face (1974)
AC/DC Live At Donnington
Jefferson Airplane Bless Its Pointed Little Head
Kinks One For The Road
Pink Floyd Live At Pompeii
Lou Reed Rock And Roll Animal
Mott The Hoople Live
Bob Marley “Live”
Bob Seger “Live Bullet”
James Brown “Live at the Apollo”
Temptations “Live at the Roostertail”
Willie Nelson “Willie & Family Live”
Bob Dylan & The Band “Before the Flood”
Commander Cody & His Lost Planet Airmen “Live from the Armadillo World Headquarters” Jimmy Buffett “Feeding Frenzy”
Climax Blues Band “FM Live”
Neil Young & Crazy Horse “Live Rust”
Black Oak Arkansas “Raunch N Roll”
Leon Redbone “Live!”
Guy Clark “Keepers”
John Prine “John Prine Live”
John Fogerty “Premonition”
George Thorogood & The Delaware Destroyers “Thorogood Live”
Crosby Stills Nash & Young “4 Way Street”
Derek & the Dominos “In Concert”
Eric Clapton “Rainbow Concert”
Steppenwolf “Steppenwolf Live”
Frampton Comes Alive ‘Captive’ Audiences
BB King “Live at the Cook County Jail” Johnny Cash “Folsom Prison Live”
Woodstock
Mar y Sol
No Nukes
Concert for Bangladesh (Mand, so many artists on that)
Bob Dylan’s 30th Anniversary Columbia Records Stax/Volt Revue “Live in London”

Partial Live Albums
ZZ Top “Fandango”
Allman Brothers “Eat a Peach”
Marshall Tucker Band “Where We All Belong”
Charlie Daniels Band “Fire On the Mountain”

Alright, there are so many others beyond worthy, that is simply the list Richard and I came up with to start the discussion. You all take it from here.

Here is my putative Top Five:

1) Stones, Get Yer Ya Yas Out. It is insanely good
2) J. Geils Band Full House. Argument could be made it is Number 1.
3) Floyd Live At Pompeii. It was the old and trippier Floyd, but Jesus is it good.
4) James Brown At The Apollo. Just wow, The Godfather at his peak.
5) Tie between Who Live At Leeds and Airplane Bless Its Pointed Little Head. Both unbelievably great. Might even give the Airplane a nudge here Pointed Head is killer.

Yes, this is about live rock and roll. As the old Cerwin Vega slogan used to importune, “Made Loud To Be Played Loud”. If there are no sports, this series will continue, because everybody needs a release. Studio albums, classical, country, maybe even opera (if Ed Walker will lead) are on the table for later. But, this weekend, we have both types, rock AND roll. Get down to it, and let’s have a great and ongoing holiday weekend discussion. Post yer You Tube links. If it starts screwing with our margins and/or security (hey, it might, we shall see) then we will deal with that. In the meantime, let’s have some fun.