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American Oligarch

By Shaman follow Shaman   2021 Jan 27, 7:48pm 243 views   16 comments   watch   nsfw   quote   share    


“Meritocrats are the true American upper-middle class, living and dying by the sword of hard work and the market, and consequently fighting harder and harder against longer and longer odds. For the winners, the luxury of intergenerational wealth transfers; for the losers, a plunge into the pit of the middle-class precariat.”
I felt that this describes me and my family.

Read more of this excellent analysis here:
https://spectator.us/topic/oligarchy-america-rome-athens-jeff-bezos/
1   Patrick   ignore (1)   2021 Jan 27, 8:34pm     ↓ dislike (0)   quote   flag      

The age of the democratic republic is over, the age of the American oligarchy beginning.

Oligarchy is the ‘rule of the oligos’, the few: the concentration of wealth and power in the hands of a self-sustaining elite. It sounds quaint, classical even, as though it couldn’t happen here because it already happened there. But it has, in fact, already happened here. Augustus Caesar, who made himself Rome’s first emperor in 27 BC, would recognize the symptoms of our American novelties. The cult of the founding fathers and the cult of entertainment. The elites divided by violent factionalism and united by naked venality. The decay of republican virtues. The widening of the wealth gap and the rise of the populares, the members of the ruling class who rebel in the name of values already overthrown. And then, when all seems lost, the rise of the imperial oligarchy that offers to restore law and order, but installs a different law and a new order.
2   Patrick   ignore (1)   2021 Jan 27, 8:37pm     ↓ dislike (0)   quote   flag      

Follow the money: in 2020, residents of ZIP codes with a median household income of at least $100,000 donated $486 million to Joe Biden’s campaign and $167 million to Donald Trump’s. The thousand or so ZIP codes where at least 65 percent of residents have graduated from college gave $478 million to Biden and $104 million to Trump.
3   rocketjoe79   ignore (1)   2021 Jan 27, 9:04pm     ↓ dislike (0)   quote   flag      

Patrick says
Follow the money: in 2020, residents of ZIP codes with a median household income of at least $100,000 donated $486 million to Joe Biden’s campaign and $167 million to Donald Trump’s. The thousand or so ZIP codes where at least 65 percent of residents have graduated from college gave $478 million to Biden and $104 million to Trump.


And now those that voted for Biden (and the 50+% that didn't) will be fucked by this President, his Cabinet, Congress, and the Senate at the same time. This lasts until the 2022 midterms, when backlash gives Repubs back the Senate and Congress. The only backstop is the Supes, which will get a huge workout in the next two years. Hell, Texas already stopped Biden's immigration executive order. Trump appointed a shitload of conservative Judges.
Expect higher taxes, Job Losses, stock market correction, and possibly War in the Middle East. (Biden is already saber-rattling by flying B-52's near Iran.)
4   Eric Holder   ignore (0)   2021 Jan 27, 10:10pm     ↓ dislike (0)   quote   flag      

rocketjoe79 says
And now those that voted for Biden (and the 50+% that didn't) will be fucked by this President, his Cabinet, Congress, and the Senate at the same time.


I bet they count on unrestricted SALT deduction being reinstalled. And this consideration alone tramples everything else for them.
5   HeadSet   ignore (2)   2021 Jan 28, 7:06am     ↓ dislike (0)   quote   flag      

Eric Holder says
rocketjoe79 says
And now those that voted for Biden (and the 50+% that didn't) will be fucked by this President, his Cabinet, Congress, and the Senate at the same time.


I bet they count on unrestricted SALT deduction being reinstalled. And this consideration alone tramples everything else for them.


That, and forgiven college loans.
6   HunterTits   ignore (4)   2021 Jan 29, 11:26am     ↓ dislike (0)   quote   flag      

Eric Holder says
I bet they count on unrestricted SALT deduction being reinstalled. And this consideration alone tramples everything else for them.


Reading articles pleading to do that. But they all say, "They can raise the cap to $20k or so and that won't let the millionaires and billionaires off the hook while helping the middle class in high tax states. Unlike a full repeal, that won't impact the budget much and it is more politically saleable."

Which is all BS. Not the proposal, but the political reality about the real reason why the Dems want this repealed: To stop the flight of top 5% income earners from Blue States. That requires full repeal.

Top 5% pay like over 60% of income tax revenues in California, for example. Similar levels in NY, NJ, Massachusetts, etc. And their flight to lower taxing states have been killing blue state budgets. Not to mention next tear (top 10% to even top 20%) of people fleeing as well.
7   Rb6d   ignore (0)   2021 Jan 29, 11:34am     ↓ dislike (0)   quote   flag      

Eric Holder says
I bet they count on unrestricted SALT deduction being reinstalled. And this consideration alone tramples everything else for them.

nope, they are just retarded. SALT does not hit them in TX, but most affluent neighborhoods shifted from voting trump in 2016 to Biden in 2020
8   Eric Holder   ignore (0)   2021 Jan 29, 11:46am     ↓ dislike (0)   quote   flag      

Rb6d says
SALT does not hit them in TX


It does if your their property tax is over $10K.
10   Patrick   ignore (1)   2021 Jan 29, 12:11pm     ↓ dislike (0)   quote   flag      

Eric Holder says
SALT deduction


Had to look up the State And Local Tax thing:

The Tax Cuts and Jobs Act, which took effect in 2018, capped the maximum SALT deduction to $10,000 ($5,000 for married individuals filing separately).
11   Patrick   ignore (1)   2021 Jan 29, 12:12pm     ↓ dislike (0)   quote   flag      

HunterTits says
Which is all BS. Not the proposal, but the political reality about the real reason why the Dems want this repealed: To stop the flight of top 5% income earners from Blue States. That requires full repeal.

Top 5% pay like over 60% of income tax revenues in California, for example. Similar levels in NY, NJ, Massachusetts, etc. And their flight to lower taxing states have been killing blue state budgets. Not to mention next tear (top 10% to even top 20%) of people fleeing as well.



I had not thought about this. Seems correct.
12   Rb6d   ignore (0)   2021 Jan 29, 12:20pm     ↓ dislike (0)   quote   flag      

Eric Holder says
It does if your their property tax is over $10K.

standard deduction is 24K, they must pay more in property tax to work for them (no state tax here). This comes to a house worth more than 1.2M where I live. So will hit the richest people only, but I guess some are screwed. Or I don't understand something, which is very possible?
13   Eric Holder   ignore (0)   2021 Jan 29, 12:43pm     ↓ dislike (0)   quote   flag      

Rb6d says
Eric Holder says
It does if your their property tax is over $10K.

standard deduction is 24K, they must pay more in property tax to work for them (no state tax here). This comes to a house worth more than 1.2M where I live.


I have no first-hand knowledge of Texas taxes, but that cunt who didn't like his move to Austin mentioned that they can go as high as 3%, iirc.
14   Rb6d   ignore (0)   2021 Jan 29, 1:42pm     ↓ dislike (0)   quote   flag      

Eric Holder says
I have no first-hand knowledge of Texas taxes, but that cunt who didn't like his move to Austin mentioned that they can go as high as 3%, iirc.

That damned yankee cunt is not right - where I live it is about 2.8% without homestead, which takes off about 1/3, so real rate is about 2%, give or take a little depending on county. Old farts above 65 have prop taxes frozen, so they don't go up.
15   HunterTits   ignore (4)   2021 Jan 29, 2:07pm     ↓ dislike (0)   quote   flag      

Eric Holder says
but that cunt who didn't like his move to Austin mentioned that they can go as high as 3%, iirc.


4% I once read a couple of years ago.
16   Rb6d   ignore (0)   2021 Jan 29, 2:13pm     ↓ dislike (0)   quote   flag      

HunterTits says
4% I once read a couple of years ago.

Have not seen as high anywhere. The State capped then a while ago.

https://www.propertytax101.org/texas

Can't find any with tax over 2.8%

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