#not with this congress and president
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mariacallous · 3 months ago
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In 2024, wealth concentration rose to an all-time high. According to Forbes’ Billionaires List, not only are there more billionaires than ever—2,781—but those billionaires are also richer than ever, with an aggregate worth of $14.2 trillion. This is a trend that looks set to continue unabated. A recent report from the financial data company Altrata estimated that about 1.2 million individuals who are worth more than $5 million will pass on a collective wealth of almost $31 trillion over the next decade.
Discontentment and concern over the consequences of extreme wealth in our society is growing. Senator Bernie Sanders, for instance, stated that the “obscene level of income and wealth inequality in America is a profoundly moral issue.” In a joint op-ed for CNN in 2023, Democratic congresswoman Barbara Lee and Disney heiress Abigail Disney wrote that “extreme wealth inequality is a threat to our economy and democracy.” In 2024, when the board of Tesla put to vote a $56 billion pay package for Elon Musk, some major shareholders voted against it, declaring that such a compensation level was “absurd” and “ridiculous.”
In 2025, the fight against rising wealth inequality will be high on the political agenda. In July 2024, the G20—the world’s 20 biggest economies—agreed to work on a proposal by Brazil to introduce a new global “billionaire tax” that would levy a 2 percent tax on assets worth more than $1 billion. This would raise an estimated $250 billion a year. While this specific proposal was not endorsed in the Rio declaration, the G20 countries agreed that the super rich should be taxed more.
Progressive politicians won’t be the only ones trying to address this problem. In 2025, millionaires themselves will increasingly mobilize and put pressure on political leaders. One such movement is Patriotic Millionaires, a nonpartisan group of multimillionaires who are already publicly campaigning and privately lobbying the American Congress for a guaranteed living wage for all, a fair tax system, and the protection of equal representation. “Millionaires and large corporations—who have benefited most from our country’s assets—should pay a larger percentage of the tab for running the country,” reads their value statement. Members include Abigail Disney, former BlackRock executive Morris Pearl, legal scholar Lawrence Lessig, screenwriter Norman Lear, and investor Lawrence Benenson.
Another example is TaxMeNow, a lobby group founded in 2021 by young multimillionaires in Germany, Austria, and Switzerland which also advocates for higher wealth taxation. Its most famous member is the 32-year old Marlene Engelhorn, descendant of Friedrich Engelhorn, founder of German pharma giant BASF. She recently set up a council made up of 50 randomly selected Austrian citizens to decide what should happen to her €25 million inheritance. “I have inherited a fortune, and therefore power, without having done anything for it,” she said in a statement. “If politicians don’t do their job and redistribute, then I have to redistribute my wealth myself.”
Earlier this year, Patriotic Millionaires, TaxMeNow, Oxfam, and another activist group called Millionaires For Humanity formed a coalition called Proud to Pay More, and addressed a letter to global leaders during the annual gathering of the World Economic Forum in Davos. Signed by hundreds of high-net-worth individuals—including heiress Valerie Rockefeller, actor Simon Pegg, and filmmaker Richard Curtis—the letter stated: “We all know that ‘trickle down economics’ has not translated into reality. Instead it has given us stagnating wages, crumbling infrastructure, failing public services, and destabilized the very institution of democracy.” It concluded: “We ask you to take this necessary and inevitable step before it’s too late. Make your countries proud. Tax extreme wealth.” In 2025, thanks to the nascent movement of activist millionaires, these calls will grow even louder.
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political-us · 26 days ago
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Maxwell Alejandro Frost is an American politician and activist serving as the U.S. representative for Florida's 10th congressional district since 2023. A member of the Democratic Party, he was previously the national organizing director for March for Our Lives. Elected at age 25, Frost is the youngest member of the United States Congress.
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onlytiktoks · 2 months ago
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thedialoguedilemma · 2 months ago
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Elon Musk who is an unelected billionaire who does not have have Congressional authority to halt payments and access millions of personal information and SSN numbers from Americans has forced himself and his 6 college student workers into the US Treasury while duly elected members of Congress who have access to federal buildings are denied entry.
The Oligarchy has taken over the federal government under the guidance of Donald Trump
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relaxedstyles · 7 months ago
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whenweallvote · 10 days ago
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The U.S. Department of Education serves more than 50 million students in nearly 130,000 schools across the country and provides funding support to more than 13 million college and trade school students. 🏫
Today, President Trump signed an executive order to dismantle the department — but the President of the United States cannot get rid of a federal agency without Congress’ approval. Our Courts also have the power to strike down an executive order if federal judges find it unconstitutional or decide the president does not have authority to issue it. 
Swipe to learn more about the Department of Education, and what this executive order could mean for students.
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azuremallone · 26 days ago
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reasonsforhope · 10 months ago
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THANK FUCKING GOD
"The Supreme Court on Thursday [June 13, 2024] unanimously preserved access to a medication that was used in nearly two-thirds of all abortions in the U.S. last year, in the court’s first abortion decision since conservative justices overturned Roe v. Wade two years ago.
The nine justices ruled that abortion opponents lacked the legal right to sue over the federal Food and Drug Administration’s approval of the medication, mifepristone, and the FDA’s subsequent actions to ease access to it. The case had threatened to restrict access to mifepristone across the country, including in states where abortion remains legal.
Abortion is banned at all stages of pregnancy in 14 states, and after about six weeks of pregnancy in three others, often before women realize they’re pregnant.
Justice Brett Kavanaugh, who was part of the majority to overturn Roe, wrote for the court on Thursday that “federal courts are the wrong forum for addressing the plaintiffs’ concerns about FDA’s actions.”
The opinion underscored the stakes of the 2024 election and the possibility that an FDA commissioner appointed by Republican Donald Trump, if he wins the White House, could consider tightening access to mifepristone, including prohibiting sending it through the mail...
Kavanaugh’s opinion managed to unite a court deeply divided over abortion and many other divisive social issues by employing a minimalist approach that focused solely on the technical legal issue of standing and reached no judgment about the FDA’s actions...
While praising the decision, President Joe Biden signaled Democrats will continue to campaign heavily on abortion ahead of the November elections. “It does not change the fact that the right for a woman to get the treatment she needs is imperiled if not impossible in many states,” Biden said in a statement...
About two-thirds of U.S. adults oppose banning the use of mifepristone, or medication abortion, nationwide, according to a KFF poll conducted in February. About one-third would support a nationwide ban...
More than 6 million people [in the U.S.] have used mifepristone since 2000. Mifepristone blocks the hormone progesterone and primes the uterus to respond to the contraction-causing effect of a second drug, misoprostol. The two-drug regimen has been used to end a pregnancy through 10 weeks gestation...
Biden’s administration and drug manufacturers had warned that siding with abortion opponents in this case could [have] undermined the FDA’s drug approval process beyond the abortion context by inviting judges to second-guess the agency’s scientific judgments. The Democratic administration and New York-based Danco Laboratories, which makes mifepristone, argued that the drug is among the safest the FDA has ever approved."
-via AP, June 13, 2024
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Note: A massive relief and a genuine victory - this will preserve access to the medication used in 2/3rds of abortions last year, for at least another 2 years. (Probably minimum time it will take Republicans to get their next attempt before the Supreme Court.)
Still, with this, a sword that has been hanging over our heads for the last two years is gone. There will be a new one soon, but we just bought ourselves probably at least 2 years. The fight isn't over, but this is absolutely worth celebrating.
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godisarepublican · 8 months ago
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buttacake80 · 1 month ago
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Give us two years to course correct. We can reclaim the House, then the line of succession will be key.
Trump ain't on this earth for much longer, and he has stated that JD Vance--his own VP--is NOT his successor.
I need white folk to remember that that man is not immortal. A lot of y'all are panicking and seeing that senile old man through a distorted lens.
Per the Constitution, the Vice President is the next in line for succession upon the death or incapicitation of the President.
But Trump says that Vance isn't his successor. Surely Trump knows he's not going to live forever.
So, who is Trump's successor according to Trump?
In the line of succession, it is the Vice President, then it is the Speaker of the House.
That is currently Mike Johnson. Does Trump view Mike Johnson as his successor? Does Mike Johnson view himself as the successor?
Anyway, white folk, I need you to take a big breath and look below.
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There are 218 Republicans to 215 Democrats with 2 vacancies.
I'll repeat that shit.
There are 218 Republicans to 215 Democrats with 2 vacancies.
Those two remaining seats are in Republican districts in Florida, but look at who previously filled them.
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There are 2 fucking special elections set for April 1st.
If you want to stop the coup, find out who the Democrats are running in these elections, then support them. If there's not a Democrat, can we organize a write-in campaign.
218-217 House divide is surmountable.
I need y'all to stop wringing your hands and start politicking.
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fuckyeahmarxismleninism · 8 months ago
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By Oona A. Hathaway
What most analysts have failed to note, however, is that this lack of legal accountability for decisions by the U.S. president, including decisions to direct the military to use lethal force, is nothing new. It has long been the reality for most of the world outside the United States. For decades, American presidents have waged illegal wars, plotted to assassinate foreign leaders, unlawfully detained and tortured people, toppled democratic governments, and supported repressive regimes without any possibility of legal accountability in either domestic or international courts.
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political-us · 1 month ago
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onlytiktoks · 2 months ago
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thedialoguedilemma · 26 days ago
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Donald Trump just admitted at his Joint Session of Congress that Elon Musk is the head of DOGE after his attorney lied in federal court that Elon Musk is not the head of DOGE.
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relaxedstyles · 7 months ago
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😳
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in4newz · 2 months ago
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This is a distraction. Constitutional amendments are stupid hard to pass. Probably more useful to check and see if your state is gearing up to use immigrants as slave labor (Missouri is, there's a whole bill setting it up) or how to give money to the legal organizations that are currently stalling on transferring trans prisoners to their AGAB prison, or other bits of harm delay. They want us so overwhelmed we do nothing. Screen out the news, pick a thing, and do something about it.
Follow Us: Bluesky, Threads
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