#superrich
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“When the rich and the powerful rise they leave the powerless and the poor without possibility.”
― Auliq Ice
It comes as no surprise that a recent report by the EU Tax Observatory found that:
“...most people pay a higher rate than the super-rich, who, it said, are able to use complex business structures for avoidance.” (BBC News: 24/010/23)
Taxes pay for public services, from military defence to social welfare, from education to essential infrastructure. Our Tory government (and Labour under Starmer is no better) repeatedly tell us there is no money to fund public services. Before ANY public services are improved we “must grow the economy"
“Keir Starmer: I don’t want to raise income tax for top earners. Labour leader says ‘driving principle’ is to lower taxes and encourage economic growth if party wins next election.” (Telegraph: 23/06/23)
And on the Tory side we have:
“Rishi Sunak has pledged to boost the economy." (Sky news: 04/01/23)
There is little point in “boosting the economy” if the main benefactors are the rich who pay little or no tax. We can have the fasters growing and biggest economy in the world but it will not do us any good if the rich and super-rich do not pay their fair share of taxes.
Commenting on the EU Tax Observatory Report and tax evasion, Joseph Stiglitz, a Nobel prize-winning economist stated:
“Tax evasion, and, more broadly, tax avoidance, is not inevitable; it is the result of policy choices – or the failure to make policy choices that act to stop it.” (Guardian: 22/10/23)
There is the crux of the matter. Tax evasion is NOT inevitable. It is the decisions of governments to allow tax evasion by the rich and superrich to continue that leads to under spending on our vital public services. It is the false suppression of wages so that corporations can maximise profits at the expense of their workers that leads to increasing poverty. And it is greed-inflation that leads to artificially high prices wherein it is ordinary workers who shoulder the burden of a cost of living crisis created by immoral profiteering.
I am not a great believer in conspiracy theories but it does seem odd that various governments across the democratic capitalist world are all suffering the same problem: not enough revenue from taxes to maintain adequate public services.
Here in Britain, our very own pro-free market capitalist government has just announced it is ending the cap on banker’s bonuses.
“UK financial regulators scrap cap on bankers’ bonuses. Bonus cap to end on 31 October, a move condemned by unions as an ‘insult to working people’.” (Guardian:24/10/23)
It’s good to know our multi-millionaire, unelected Prime Minister Rishi Sunak is doing everything he can to look after the rich during our cost of living crisis. How on earth would they survive without his support?
#uk politics#rishi sunak#poverty#democracy#tory#corruption#Tax evasion#keir starmer#cost of living crisis. greed inflation#immoral profiteering#superrich
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Black Range Roverwww.DiscoverLavish.com
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Subtitled: "Elite Immunity" and the Abandonment of the Working Class
I recently watched "The Rise of the Global Super-Rich and the Fall of Everyone Else" on ENDEVR's YT channel. In this episode, I will discuss that documentary as well as Glenn Greenwald's book With Liberty and Justice for Some: How the Law is Used to Destroy Equality and Protect the Powerful.
Key topics:
✔️The neocons and neolibs work together as part of the same elite class? Say it ain't so!
✔️The elites break the law and then pardon themselves. How could we be surprised by that? At this point, it would be more shocking if they obeyed the laws they expect the rest of us to follow.
✔️"These guys are making up to $1 billion a day."
✔️Governments as instruments of the wealthy super elite.
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On the way to be the first ______. #billionaires #billionaire #millionaire #millionairemindset #millionairetrack #trillionaire #trillionairelifestyle #millionaires #rich #superrich #ultrarich (at Kolkata) https://www.instagram.com/p/CltsA24SHg8/?igshid=NGJjMDIxMWI=
#billionaires#billionaire#millionaire#millionairemindset#millionairetrack#trillionaire#trillionairelifestyle#millionaires#rich#superrich#ultrarich
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#BUDGET #SIMPLE #ORDINARY #POPULAR #WITHaHEART #HUMAN #PEACEloveHOPE #PEACEloveHOPE_OmgTIAN #PEACEloveHOPE_OMG @ALOYangelOMGtian @ALOYpang @GodNigelisLove @rjt99 #FAMOUS **Vs*** #superVIP #superRICH @budget_dogg_ #VERYwellKNOWN @flyirene #WellKnown @perryhan #SUPERveryIMPORTANTpeople #VERYveryIMPORTANTpeople *** U can b very SUPER WELL KNOWN but NOT FAMOUS Bcos NOone want to know .. u r nothing #UrNOTHING ... #SEARCHyourHEART vs #WITHaHEART (at Club Street) https://www.instagram.com/p/ChD4Zwovw5r/?igshid=NGJjMDIxMWI=
#budget#simple#ordinary#popular#withaheart#human#peacelovehope#peacelovehope_omgtian#peacelovehope_omg#famous#supervip#superrich#verywellknown#wellknown#superveryimportantpeople#veryveryimportantpeople#urnothing#searchyourheart
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Support Yacht GENE CHASER Gene Chaser is a 55 meter support Yacht owned by the owner of motor yacht Gene Machine. She was built by @damenshipyards and was delivered in 2021, The customised support yacht will operate alongside her mother-ship Gene Machine as a floating laboratory and science centre to support her owner, Dr Jonathan Rothberg’s research work. #superyacht #superrich #superyachtlife #yachtporn #yachtspotter (at Bay of Gibraltar) https://www.instagram.com/p/Cediy-frIHn/?igshid=NGJjMDIxMWI=
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redesigns are one thing but i don't think anybody's ready for the full rewrite of miraculous ladybug i have in my mind based on both the 3-ish seasons i watched ( was a day 1 fan 💪🏿) and word of mouth about the other seasons
#also one of the funniest things about mlb is that it has that same confused identity as many other media directed at young girls#where they dont know if they want the character to be a relatable adorkable underdog or a nice superrich popular girl with tons of friends#either is completely fine!! but when you try to mix the two its such a huge disconnect#i would drop everything i would change /add in the tags but who tf is gonna read all that
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Rdr2 is making me want to go horseback riding again so so bad I miss horses so much
#turtledove yells into the abyss#Unfortunately. Um. I live whwre the only lessons are FREAKISHLY expensive bc they’re all in the superrich part of the county
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POVERTY: A MORAL FAILING
While nurses and other healthcare workers are forced to use foodbanks due to years of Tory austerity and pay awards lower than inflation, Rishi Sunak’s wife just received £6.7 million pocket money from one of her many investments.
“Akshata Murty to get almost £6.7m in Infosys dividend. Income of Rishi Sunak’s wife from Indian tech firm to reach £13m for financial year." Guardian: 13/04/23)
Surprisingly, this is not a criticism of Murty herself. She just happened to be born to a mega-rich family and is reaping the benefits of unearned income. What I would argue, however, is that people like the Sunak’s cannot possibly understand what it is like to be poor. There is no way they can understand the emotional stress and damage done to the mental health of working people unable to feed their families because the wage they earn is simply too small to cover their ever-increasing bills.
Poverty affects every aspect of a person’s life and those of their children. It is no coincidence that the majority of so-called “failing schools" are in deprived areas. It is no coincidence that life expectancy of the poor is far shorter than for those earning a decent wage. The government’s own figures state:
“Female healthy life expectancy at birth in the most deprived areas was 19.3 years fewer than in the least deprived areas in 2018 to 2020; for males it was 18.6 years fewer..." (ONC: Health state life expectancies by national deprivation deciles, England: 2018 to 2020)
It is no coincidence that child poverty is on the increase:
“Today’s annual poverty statistics show an estimated 350,000 more children were pulled into poverty last year, largely because the Government cut the £20 universal credit (UC) uplift half-way through the year.” (Child Poverty Action Group: 23/03/23)
My point is that the rise in poverty is almost entirely due to government wage policy in the public sector and the greed of shareholders and CEO’s in the private sector. Under Tory rule unfairness in pay awards is now the norm in both private and public sectors of the economy.
Here are a few headlines referencing the private sector.
“UK dividends expected to beat 2022 forecasts as energy prices soar.” (FT: 22/04/22)
Pay of FTSE 100 chief executives rose an average of 23% in 2022.” Guardian: 07/11/22)
“Rail firm paid shareholders £500m before asking workers to take a wage cut.” (opendemocracy: 23/06/22)
“Shareholder payouts rose three times faster than UK wages…” (Observer: 15/10/22)
So while the Sunak’s enjoy the benefit of a £6.7 million investment payout to their already substantial fortune do not expect them to really understand what life is like for the poor. The Sunak’s are simply making the most of the system we live under and until we decide to change that system the glaring inequalities we all know and recognise will continue to exist.
We ALL know that it is morally wrong for hard working people to receive less than a living wage, a wage inadequate to feed their families and meet the essential bills, while those they work for live in luxury.
But don’t take my word for that. The immorality of Britain’s corporate system is even beginning to trouble those who you would expect to be supporters of the present system.
Baroness Wheatcroft, onetime editor-in-chief of the Wall Street Journal and editor of the Tory leaning Sunday Telegraph, had this to say when talking about the Confederation of British Industry:
“I don’t actually think that the CBI has for a long time wanted to confront the biggest issue, which is whether business is treating people fairly. And particularly, when you think about the number of people who are now in employment but are having to go to food banks. I think there is a question mark over whether business is actually behaving in best possible way that benefits society.”
Maybe Rishi Sunak should also ask if his government is actually behaving in the best possible way that benefits ALL of society and not just the superrich like himself and his family?
#poverty#foodbanks#baroness whaetcroft#tory economic policy#shareholders#sunak#unearned income#morality#life expectancy#superrich
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#this is just ranting for ranting’s sake#yk something that really bothers me about today’s society ? is that we have all this research on stuff like new phones and robots and space#travel amd microchips and stuff like that#and it’s just maddening bcs all that does not help human beings at all and actual helpful stuff has no funding#like who tf is gonna be better off bcs we invented a chip that lets us use social media with our mind . WHO#and robot research is bloody counterproductive bcs all it does is take jobs away from people so prices continue to rise while employment#goes down like if they introduce self restaurants everywhere ppl are no longer gonna be able to find jobs as waiters and since no one wants#to hire these days so many more ppl are gonna be out of jobs#and dont even get me started on space travel . why the heck are we trying to go to mars instead of idk bettering earth ? maybe we should fix#our problems here before going somewhere else#like why is medical research so underfunded when all that useless research is swimming in money !!!!!!!!!!#who gives a crap about the iphone 65 find a cure for cancer !!!!!!! or for me !!!!!!!!!!!!!!!!!!!#anw i think we should abolish engineering and ppl like quantum physicists if ur smart u should do something useful like medicine#the enemy are still econ majors dont get me wrong but to me those are no 2#anw i need to become superrich to give money to medical research
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the fact that the caroline ellison, gf of sam bankman fried had a tumblr and was most likely talking about the very crypto scam that washed billions of usd away when she posted about how 'the us over-regulates innovation as wire fraud' sdifghserg
#she was also bemoaning immigration restrictions sdkgjhsdfg still believe the superrich are against?
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Titanic Folly
Sight seeing actually on a sea grave is not ok, however rich you are. The Titanic (or Britanic?) Was a huge loss of life and the survivors (mostly the upper classes as us poor folk were locked below so as not to offend the sensitive stomachs and senses of the wealthy genteel class) were never the same after it. Well none of those with any morals or empathy anyway.So tbh I am sad that people, any…
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