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Progressives are right to worry about income inequality. But punitive policy isn’t the answer.

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PRIVATE PROPERTY and, indeed, private wealth, are integral to any free society. They define a sphere of personal control over valuable tangible and intangible goods that is legally off-limits to the state. The prospect of acquiring more property fosters economic growth by encouraging individuals to innovate and produce. And, more subtly perhaps, private wealth — both small fortunes and, yes, large ones — fosters political liberty by helping to create a buffer between the individual and the authorities. Totalitarians of the right and left, by contrast, confiscate companies, houses and farms.

We review this basic political theory and history to make sure it does not get totally lost amid today’s arguments over the role private wealth plays in American society. In recent days, that debate has taken place directly between progressive populists such as Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) and the billionaires, such as money manager Leon Cooperman, who would pay stiff wealth taxes Ms. Warren and Mr. Sanders propose. The senators insist that they do indeed appreciate the role of business, but are trying to keep it within proper boundaries; the billionaires counter, neither selflessly nor unreasonably, that the candidates are paying lip service to free enterprise — while the stifling impact of their taxes could extend well beyond its intended targets.

Our appreciation, though, does not keep us from believing that federal law should require the wealthy — and especially the superwealthy, such as our owner — to shoulder a greater share of the nation’s tax burden than they currently do. Progressives are right to worry about growing inequality. There were 607 billionaires in the United States in 2018, according to Forbes magazine, a 50 percent increase since 2010. The top 0.1 percent of U.S. households controls 15 percent to 20 percent of wealth (economists’ estimates vary), a degree of concentration not seen since before the Great Depression. Much of this enrichment derives from financial ma­nipu­la­tion and other rent-seeking activity. Certainly, the fact that WeWork’s hard-partying founder and chief executive, Adam Neumann, can get $1.7 billion from investors in return for leaving that troubled company does not confirm the fairness and efficiency of 21st-century capitalism.

Nevertheless, every billionaire is not a policy failure, as a catchphrase on the left would have it. Not even close. Some billionaires, such as Microsoft’s Bill Gates — and near-billionaires, such as “Harry Potter” author J.K. Rowling — got rich off world-changing innovations that enhanced the lives of millions. Their fortunes are spectacular examples of the general rule that capitalism — debacles like WeWork notwithstanding — is the font of enormous, widely shared prosperity. Nor is this country becoming an oligarchy, another oft-made but exaggerated allegation. The “billionaire class,” as some call it, seems no more unified than the nation as a whole, with George Soros bankrolling causes and candidates on the left and Joe Ricketts on the right. One billionaire, Tom Steyer, may soon find himself competing with another, Michael Bloomberg, for the privilege of running as the Democratic nominee (against yet a third billionaire, President Trump). Both men, despite their essentially unlimited funds, are very long shots.

Obviously, money should not have undue influence over the political process, which is why campaign finance regulation is necessary. Equally obviously, the market economy’s legitimacy depends on equal opportunity, actual and perceived, which is why, contrary to small-government bromides of the political right, government must intervene to protect less-advantaged participants in the marketplace. Achieving some of these objectives calls for more financial sacrifice from the well-off than the federal tax code currently requires. We have repeatedly advocated such measures, such as a restoration of the estate tax, higher rates on capital gains and the elimination of loopholes that favor upper-income households.AD

No reform, however, necessitates punitive policy or generalized vilification. The future of American capitalism is one of the most crucial issues of the 2020 campaign. It must be debated vigorously — and not simplistically.

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We Need a Politics That Is Not Only Class-Focused, but Class-Rooted

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When the pandemic eventually ends, globalization may no longer accelerate at the same rate as before. Particular sectors will remain hard-hit, and tensions between the United States and China will continue, and may even become more menacing (to borrow from Mao Zedong, the making of a global capitalism is not a “tea party”).

But none of this signals the end of globalization, an imminent collapse of capitalism, or an inevitable decline of the American empire. Global business will still be profiting from the commodification of nature and human activity, US corporations will still be a leading force in high tech and business services, the dollar will still be the global currency, and the Federal Reserve effectively the world’s central bank.

The crisis that consequently frames the political opening beckoning the American left isn’t capitalism’s economic but social failures; capitalism’s vulnerability is marked by the destructive impact of its successes on popular needs, aspirations, and fears.

And with the responses from parties and states to the rising popular discontent falling short, this crisis of legitimacy has expanded into a political crisis. Alongside popular anger with policies like free trade and austerity has come a loss of faith in state institutions ranging from social agencies to the judiciary and the police, as well as disenchantment with mainstream political parties.

The pandemic further exposed the distorted priorities and social irrationalities of capitalism: its lack of planning capacities and unpreparedness to deal with social emergencies, the ugliness of its inequalities, its general disregard for those who produce needed goods and provide essential service. The health pandemic was, as well, the canary in the mine for the far greater environmental pandemic waiting in the wings, a threat which will demand very much more than social distancing, lockdowns, or vaccines.

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COUP-IN-PROGRESS: White Collar Mafiosos Fauci, Pelosi, Cuomo & Cuomo Conspire to Topple Trump

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Let’s put THE GREAT SCAMDEMIC aside for a moment.

And let’s jump ahead to Election Day — November 3, 2020.

Three things are certain based on Deep State’s no-holds-barred MO.

First, the DEMs will steal the Senate just like they stole the House during the 2018 midterms.

Second, the DEMs will increase their majority in the House with even more election fraud and theft.

Third, the DEMs will either politically incapacitate Trump between now and Nov. 3…
or, they will outright steal the POTUS election now that the electoral process has been thrown into chaos and confusion…
or, they will let Trump win so that they can impeach and convict him in 2021 with their solid majorities.

Now let’s take a close look at THE GREAT SCAMDEMIC, and especially how it will be used to manipulate the 2020 election outcome.

This thing — THE GREAT SCAMDEMIC — goes way beyond the Democrats and Deep State.  It goes way beyond CROWNgate and Pedogate.  It goes way beyond the Rothschilds and the Rockefellers. It even goes beyond the Cahilla and the Khazarian Mafia … as well as the Black Nobility and the International Banking Cartel & Crime Syndicate.

THE GREAT SCAMDEMIC is so HUGE and has so many objectives that you know it’s the end … the final end … … … as in the “End-times” !

But that’s not the point here.

What happens between now and Election Day will determine the fate of the American Republic.  The future of the American people hangs in the balance with the 2020 outcome like no other election in U.S. history.

The election outcome (and process) will also dictate the inevitable consequences for the Democrat Party, as well the destiny of Deep State.  The Patriot Movement also stands to gain or lose a LOT!

This is why TPTB have strategically positioned so many Deep State Democrats all over the place.

We’re talking about white-collar mafiosos like Fauci, Pelosi, Cuomo & Cuomo.

The liberal power elite have installed a top hitman in every position that counts.

It’s like JFK driving through Dealey Plaza on November 22, 1963 surrounded by the 8 C.I.A. sniper nests (yes, there really were at least eight sniper’s nests).[1]

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FALSE FLAG ALERT: Obama Foundation tweeted about George Floyd on May 17th, a week before his supposed murder – UPDATE

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(Natural News) We have now confirmed that the Obama Foundation was tweeting about George Floyd on May 17th, more than a week before the day Floyd was reportedly killed by police in an act of violence that sparked the worldwide riots we’re all witnessing.

George Floyd was killed on May 25th. So what was the Obama Foundation doing tweeting about Floyd on May 17th, when nobody knew who he was?

UPDATE: Some people are saying that Twitter retroactively alters images from the history of your timeline when the source URL changes its image. However, what investigators have already confirmed is that the Twitter URL validator was used by the Obama Foundation to validate this image on May 17th, in advance of releasing it publicly. Thus, the image was VALIDATED more than a week before Floyd’s claimed death. This, combined with the new video analysis that claims George Floyd’s death was faked using crisis actors, raise serious questions about the authenticity of this event, which appears to have been planned and carried out for political purposes, right in time for the 2020 election. The Obama Foundation Twitter picture is only a tiny fragment in the larger picture that is now emerging of a pre-planned false flag event.

The answer, of course, is that the whole thing was planned in advance. Just like on 9/11 when the media was reporting that the WTC 7 building had collapsed even while it was still standing in the frame directly behind them, it looks like the Obama Foundation got its wires crossed and accidentally started tweeting about George Floyd a week in advance.

Once the first tweet accidentally went out, they couldn’t delete it without raising suspicion about it, so they just left it up and are relying on Big Tech’s censorship to make sure nobody learns the truth that this was all planned in advanced and rigged as public theater.

In fact, there is growing evidence that George Floyd isn’t even dead. We’ll cover more on that later. We’ve already documented the fact that actors are now posing as cops as part of a rioting psyop (psychological operation) that’s being used to brainwash more people into supporting the communist uprising.

YouTube is now banning all videos that discuss the Obama Foundation tweet about George Floyd on May 17th, and Facebook has made sure that no one can share any link from NaturalNews.com as a further suppression of truthful, independent reporting.

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