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#ultrawealthy

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Thousands in #Midwestern #GOP Districts Attend #Sanders' First Stops on Tour to Fight #Oligarchy

"It's like there's only one person who is actually able to sidestep the demoralization and frustration," said one observer.

Julia Conley, Feb 22, 2025

"After addressing more than 3,400 #Nebraska residents in Omaha Friday evening, U.S. Sen. Bernie Sanders on Saturday made his second stop on his National Tour to Fight Oligarchy—telling Iowa City, #Iowa residents that '#Trumpism will not be defeated by politicians inside the #DCBeltway.'

"'For better or worse, that is not going to happen,' said the Vermont Independent senator, whose broadly popular policy proposals have long been dismissed by Democratic leaders as unrealistic and radical while President Donald Trump has increasingly captured the attention of the #WorkingClass Americans who would benefit most from Sanders' ideas.

"'It will only be defeated by millions of Americans in Iowa, in #Vermont, in Nebraska, in every state in this country, who come together in a strong #grassroots movement and say no to oligarchy, no to #authoritarianism, no to #kleptocracy, no to massive cuts to programs that #LowIncome and working Americans desperately need, no to huge #TaxBreaks for the #wealthiest people in this country,' said Sanders.

"The senator announced his tour earlier this month as #ElonMusk, the head of the Trump-created Department of Government Efficiency ( #DOGE) who poured $277 million on the president's campaign, swept through numerous agencies, with DOGE staffers setting up illegal servers, seizing control of data, shutting federal employees out of offices, and working to shut down operations across the government.

"Since Trump took office for his second term just over a month ago, roughly 30,000 federal employees have been fired or laid off—part of Musk's push to cut $2 trillion in federal spending in order to fill the $4.6 trillion hole that Trump's extension of the 2017 tax cuts would blow in the deficit.

"#Republican lawmakers have also pushed to include cuts to #Medicaid, and Trump this week signaled he would back #Medicare cuts after repeatedly insisting he would not slash the popular healthcare program used by more than 65 million Americans, in order to save money while handing out tax cuts to the same #corporations and #ultrawealthy households that benefited from the 2017 tax law.

"'Today in America we are rapidly moving toward an #oligarchic form of society where a handful of #multibillionaires not only have extraordinary wealth, but unprecedented economic, media, and political power,' said Sanders in Iowa City, which like Omaha is represented by a Republican U.S. House member who narrowly won reelection last November and has faced pressure to reject the GOP budget plan. 'Brothers and sisters, that is not the democracy that men and women fought and died to defend.'"

Read more:
commondreams.org/news/bernie-s
#Oligarchy #OligarchyTour #StillSanders #BernieSanders #USPol #CorporateInterests #Corporatocracy #CorporateColonialism

Common Dreams · Thousands in Midwestern GOP Districts Attend Sanders' First Stops on Tour to Fight Oligarchy | Common DreamsSenator Bernie Sanders is on a mission to fight oligarchy and empower the people. With a powerful message against Trumpism and billionaire influence, he's rallying Americans to stand up for democracy. #FightOligarchy

'#InsatiableGreed': Richest 1% Have Already Burned Through Their #CarbonLimit for 2025

"The #SuperRich continue to squander humanity's chances with their lavish lifestyles, polluting stock portfolios and pernicious political influence. This is theft—pure and simple."

Jake Johnson, Jan 10, 2025

"An #Oxfam analysis published Friday shows that the richest 1% of the global population has already blown through its global carbon budget for 2025—just 10 days into the New Year. The figures, which arrive amid catastrophic fires in Los Angeles that may turn out to be the costliest in U.S. history, highlight the disproportionate role of the #UltraWealthy in fueling a #ClimateEmergency that is causing devastation around the world.

"Oxfam calculates that in order to keep critical climate goals in reach, each person on Earth must have a CO2 footprint of roughly 2.1 tons per year or less. On average, each person in the global 1% is burning through 76 tons of planet-warning carbon dioxide annually—or 0.209 per day—meaning it took them just over a week to reach their CO2 limit for the year.

"By contrast, the average person in the poorest 50% of humanity has an annual carbon footprint of 0.7 tons per year—well within the 2.1-ton budget compatible with a livable future.

"'The future of our planet is hanging by a thread,' Nafkote Dabi, Oxfam International's climate change policy lead, said in a statement Friday. 'The margin for action is razor-thin, yet the super-rich continue to squander humanity's chances with their lavish lifestyles, polluting stock portfolios and pernicious political influence.'

"'This is theft—pure and simple―a tiny few robbing billions of people of their future to feed their insatiable greed,' Dabi added.

"'Rich polluters must be made to pay for the havoc they're wreaking on our planet.'

"Oxfam's new analysis came as the @CopernicusEU Climate Change Service confirmed that 2024 was the hottest year on record and 'the first calendar year that the average global temperature exceeded 1.5°C above its #PreIndustrial level.'

"'All of the internationally produced global temperature datasets show that 2024 was the hottest year since records began in 1850,' Copernicus director Carlo Buontempo said in a statement. 'Humanity is in charge of its own destiny, but how we respond to the climate challenge should be based on evidence. The future is in our hands—swift and decisive action can still alter the trajectory of our future climate.'

"Oxfam called on governments to move urgently to curb the emissions of the rich, including by implementing #WealthTaxes, banning #PrivateJets and #Superyachts, and imposing strict new regulations on #polluting companies.

"'Governments need to stop pandering to the richest,' Dabi said Friday. 'Rich polluters must be made to pay for the havoc they're wreaking on our planet. Tax them, curb their emissions, and ban their excessive indulgences—private jets, superyachts, and the like. Leaders who fail to act are effectively choosing complicity in a crisis that threatens the lives of billions.'"

commondreams.org/news/rich-car
#EatTheRich #YeetTheRich #Oligarchy #CorporateColonialism #CorporateGreed #TechBros #CEOSeason

Common Dreams · 'Insatiable Greed': Richest 1% Have Already Burned Through Their Carbon Limit for 2025 | Common Dreams"The super-rich continue to squander humanity's chances with their lavish lifestyles, polluting stock portfolios and pernicious political influence. This is theft—pure and simple."

Visualizing Investments of the Ultra-Wealthy
How do the world’s richest people invest their money?
This graphic shows how ultra high net worth individuals (UHNWIs)—people with a net worth of $30 million or more including their primary residence—allocate their wealth based on data from Knight Frank’s 2023 Wealth Report.
visualcapitalist.com/visualizi #ultrawealthy #investment #infographic #homes #equities #CommercialProperty #bonds

Visual Capitalist · Visualizing the Investments of the Ultra-WealthyThis graphic shows how the ultra-wealthy invest their fortunes, from real estate and equities to luxury items.

Unreal is the world the ultra-wealthy inhabit. Or they live in an alternate universe. If so, can't they please stay there and stay out of ours? (Satirical websites like #TheOnion are superfluous nowadays).

"Private jet service for rich dog owners condemned by climate campaigners - UK-based charter firm launches ‘ludicrous’ £8,166 Dubai-London route for clients who want to fly with pets. Environmentalists have condemned a “ludicrous” private jet service that transports wealthy people’s dogs, which this week ran its first flight from Dubai to London.

For £8,166, one way, customers were able to sit with their dogs on their laps and sip champagne as they travelled from Al Maktoum international airport to Farnborough in a Gulfstream IV-SP jet.

The company, K9 Jets, which is run by a husband-and-wife couple from Birmingham, already operates services to New Jersey, Los Angeles, Frankfurt, Paris and Lisbon.

Announcing the new route, Adam Golder, the company’s co-founder, told AeroTime Hub: “K9 Jets believes pet family members deserve to travel in comfort and style alongside their owners.

“We couldn’t be more excited to kick off this new route, just in time for the holidays, so guests can celebrate with their loved ones (including pets) in style.”

theguardian.com/environment/20

#ClimateCrisis #ClimateEmergency #Climate #Klima #Klimakrise #CO2 #Emissions #GlobalWarming
#PrivateJets #UltraWealthy #Wealthy #Oligarchy #Oligarchs #UK #US

The Guardian · Private jet service for rich dog owners condemned by climate campaignersBy Damien Gayle
Replied in thread

@pete can’t we just put the #UltraWealthy on an #TropicalIsland with 2 huge piles- one a pile of #gold and the other a pile of clubs, and just let them sort things out themselves?

An #education about #SocialScience, #morality, and #HurricaneSeason could be #byproducts of this #experiment

And the #stuff they leave behind can be distributed among everyone else

I think #everyone could #benefit, here. ☺️

[#welcome #hashtag #followers!]

#joke #playing #sorry 😅

#Wyden: “I was disappointed but unsurprised by #billionaire Republican activist #HarlanCrow #refusal to respond to my #questions about #gifts he’s #lavished on #ClarenceThomas & family over the bulk of Thomas’s tenure on #SCOTUS. Mr. Crow is relying on same baseless arguments that failed #Trump in his attempt to stonewall #Congressional #oversight. I have used my Chairmanship of the committee to shine a bright light on tax schemes undertaken by the #ultrawealthy finance.senate.gov/chairmans-n

www.finance.senate.govWyden Statement on Harlan Crow Stonewalling Committee Inquiry | The United States Senate Committee on FinanceWyden Statement on Harlan Crow Stonewalling Committee Inquiry