Let me explain why I post articles critical of billionaires on a blog about (mostly) education. Our nation, our states are underinvesting in education. Our teachers are underpaid. Class sizes, especially in urban districts, are too large. Too many teachers pay for supplies themselves. The rate of child poverty, which is correlated with low test scores, is very high (about 20%) compared to other developed nations. We can’t pay for education while lowering taxes and reducing revenues.
Michael Tomaskey makes the case in this important article that the concentration of wealth in a few hands is dangerous to democracy. The middle class is losing ground while money flows to the top. That’s wrong.
In addition, though he doesn’t mention it, some billionaires—the Waltons, for example, the DeVos family, Charles Koch—spend millions every year to eviscerate and privatize important civic institutions like public schools that belong to all of us.
Tomaskey writes:
This column is not a brief for Ms. Warren’s wealth tax or for her candidacy — I don’t have a preferred candidate. Instead, I want to make a simple plea to the country’s billionaires: Multibillion-dollar fortunes are often called excessive and decadent. But here’s something they’re rarely called but ought to be: anti-democratic. These fortunes will destroy our democracy.
Why “anti-democratic”? Why would it matter to our democracy whether Jeff Bezos is worth $113 billion (his current figure) or $13 billion?
Because any democracy needs a robust and thriving middle class, and we have spent the last 30 or so years transferring trillions of dollars from the middle class to the people at the very top. Just one set of numbers, from the University of California, Berkeley economist Gabriel Zucman: The 400 richest Americans — the top .00025 percent of the population — now own more of the country’s riches than the 150 million adults in the bottom 60 percent of wealth distribution. The 400’s share has tripled since the 1980s.
This is carnage, plain and simple. No democratic society can let that keep happening and expect to stay a democracy. It will produce a middle and working classes with no sense of security, and when people have no sense that the system is providing them with basic security, they’ll make some odd and desperate choices.
This is obviously not hypothetical. It’s happening. It’s what gave us Mr. Trump (well, that plus the campaign lies). It’s what made Britons vote Leave (well, that plus the campaign lies). It’s what has sparked protests from France to Chile to Lebanon, and it’s what is making the Chinese model — no democracy, but plenty of security — more attractive to a number of developing countries around the world than the American model. Our billionaires ought to ponder this.
I imagine that Mr. Gates is repulsed by Mr. Trump on some level, and at the end of the day probably couldn’t vote for him. But if I could meet Mr. Gates, I’d ask him: Sir, do you not see the link between your vast fortune and the ascendance of Donald Trump? If not, I implore you to connect some dots. Wealth has shifted to the top. It has been taken away from the middle class. That makes people anxious. Anxiety opens the door to demagogues. It’s not complicated.
We need changes in our laws and institutional structures that will alter what economists call pretax distribution. This is a point made by the economist Dean Baker — that income inequality is less a result of tax policy than laws and regulations that have made the rich richer before taxes are even imposed. These changes have to do with monopolies, patents, executive pay and other matters.
And yes, we do need to tax rich people more. In my lifetime, the top marginal tax rate has gone (roughly speaking) from 91 percent to 77 percent to 50 percent to 35 percent to today’s 37 percent. That’s too low. I’m not with Bernie Sanders, who says there should be no billionaires. That’s too punitive. But I do think Mr. Bezos could get by on $15 billion or so.
Billionaires will protest that they’d rather give it away than trust the government with it. I applaud their generosity. But even someone as rich as Michael Dell, who went on a rather infamous riff along these lines at Davos, could not build a nationwide high-speed rail system, clean the country’s air and water (and keep them clean), create a network of free opioid clinics across the country or give towns that have been hollowed out by the global economy a second chance. Only government can do those things.
Somebody has to pay more if government is to function and to pay for education, Social Security, healthcare, defense, and infrastructure. Why not those who have the most money?

The total amount billionaires “give away” is a pittance in comparison to the costs of keeping a modern society afloat (for roads, firemen, courts, police, military, etc etc).
Their money is almost always given away as a means to control how a much larger amount of government money is spent.
So, for example, Bill Gates spent several hundred million developing Common Core, but states and schools had to spend tens of billions implementing it.
The upshot is that we the public don’t need their “generosity” and certainly don’t need it when it has strings attached.
Bill Gates has given almost nothing in the grand scheme of things but his pittance has had an influence that is out of all proportion with the total amount we have spent as a society as a result.
He and his wife are USING and abusing us and our children for their own unethical experiments.
It needs to stop.
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I have suggested this in the past, but I think the best way to stop Bill and Melinda in the future is to hit them where it hurts: their bank account.
Teachers, principals, parents, school districts, states and others who have been affected should band together and bring a class action suit to recoup some of the billions they have lost and to pay for some of the suffering involved as a result of the Gates’ “donations”
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Regardless of the legal outcome, the negative publicity alone would undoubtedly affect the Gates’ family “brand” and perhaps make them think twice (or maybe thrice) about continuing the experiments in the future.
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The problem with that of course is that the Gates’ Trojan Horse [or at least all but one leg] was not given to schools, principals, parents, nor even to government, it was given to various lobbying arms, thinky-tanks et al NGOs. The folks we should sue are state & fed govts for converting the blasted Horse into a host of unfunded mandates – not just for the taxes imposed, but for the harm done to the public good. But how do we do that, when we’re the chumps who keep voting these clowns back in? The voters are in a sad pickle, as both parties done it. Bigger picture—we are the chumps who’ve bought into 35+ yrs of the voodoo economics that garnered us nothing but excessive quantities of multi-billionaires like Gates, allowing them to buy policy from both parties.
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Billionaires infiltrated our governments from Washington all the way down to local school boards. They completely rewrote our laws to benefit themselves. They still want more, more, more. Over time, we will flush them out and retake control. They have the money. We have the numbers. We’ve done it before in the Gilded Age. In that way, “What has been will be again/ What has been done before will be done again/ There is nothing new under the sun.”
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Most of the privatization schemes have been crafted by the 1% and corporations to benefit themselves. They get tax breaks, credits and other incentives while they undermine legitimate public education. An LLC is not a charity; it is a limited liability corporation. In our twisted system the wealthy derive direct benefit by undermining the common good that serves the vast majority of people. They seek to destroy the unions that helped build our middle class.
I was very disappointed in Obama, when he declared drinking water safe to drink in Flint, Michigan. I was disappointed when he “warned people about the dangers” of liberal policies. He clearly does not want to lose the cozy relationship the corporate Democrats have with the wealthy.
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Obama recently “warned” that some Democrats have moved “too far left”.
He didnt name names but it was clear he was talking about people like Sanders, Warren, AOC, etc.
He’s basically campaigning for Biden without saying so
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I agree. He was trying help “status quo Joe.”
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AOC recently said,”We’re not pushing the party left. We’re bringing the party home.”
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I also am disappointed in Obama. I voted for him ONCE.
And NO, I have never, ever caste my vote for a reppugnican.
Not for profits and LLCs can also hide a lot of money.
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Obama is too far left…Too far left behind…by the new Democratic party.
He’s so far left behind that he will never catch up…or on.
And Biden has been behind for decades –since the day he was born. He still thinks pot is a “gateway drug”.
Or maybe he meant “Gates way” drug. But I was not aware that Bill Gates smokes pot.
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Mmm, good thread.
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I look at it this way. The schools need more money as do other social services. The poor have no money, they are under water. The middle class is tapped out and deeply in debt to keep up appearances. The top 0.01% has made off like bandits since the 70s, the only real winners. The tech boom efficiency money all went to them. Bezos, Gates, Jobs widow, Zuck, Dell, …
Was it Jesse James or John Dillenger who was asked “why do you rob banks?” Answer “because that is where they keep the money”.
Today, why tax the rich? Because only the rich have the money for healthcare, education and so on. Yes they played by the rules for the most part but the rulebook is stacked in their favour creating I’ll gotten gains. They see the fortunes as “their money” . I see it as the profits of a crooked casino.
Tap them plus reign in absurd levels of military spending and all of American problems with poverty (strongly connected to education results) education funding and medicare for all are easily doable. Off course they will try to Panama or Caymen the money but this Dodge must be closed off as well.
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At the end of the note above: “Somebody has to pay more if government is to function and to pay for education, Social Security, healthcare, defense, and infrastructure. Why not those who have the most money?”
Also, why not those who have, from the get-go, used the infrastructure, laws, institutions, and freedoms afforded by the United States—AS A DEMOCRACY–to build and protect their fortunes. Instead, these billionaires, like the Kochs, have nothing but contempt for those workers and citizens, who make political system and power out of that contempt for those who also live here, who play their part in maintaining our order, and who, ironically, are those whom these cultural and political idiots continue to MARKET to.
Their not-so-hidden mantra: “Starve them to death and deprive them of common goods and services, but be sure they BUY and even come to NEED our products.”
Below is another example of the attack by opportunistic capitalists, defined as naturally and rightly greedy, on aspects of civic culture–in this case, they want to loosen the laws about advertising in public schools. This I see as but one precursor to what will occur if and when public schools are eliminated and unregulated charters, and advertising to their students, can be sold to the highest bidder.
I ask: is there ANYTHING in our community and culture that DOESN’T have an advertiser’s logo stuck into its heart, and oozing from EVERYTHING it is, like puss from an infection? CBK
NEPC Review: Rising Tide: Charter School Market Share and Student Achievement (Fordham Institute, September 2019)/Reviewer: Yongmei Ni/November 14, 2019
https://nepc.colorado.edu/
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Link subject: sick! Mantra corrected: “Starve them to death and deprive them of common goods and services TO BE SURE they BUY and even come to NEED our products.”
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Too PO’d to get it right: Here’s the corrected narrative: “Instead, these billionaires, like the Kochs, have nothing but contempt for those workers and citizens; they make political system and power out of that contempt: for those who also live here and who play their part in maintaining our order, and who, ironically, are those whom these cultural and political idiots continue to MARKET to. CBK
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Gather round, children, and let me tell you the parable of the Eloi and the Morlocks.
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Can’t these ultra rich live on a mere $598,000,004.99 a year? Bernie may have said that there should be no billionaires but he also said, “This proposal [Bernie’s] does not eliminate billionaires, but it eliminates a lot of the wealth that billionaires have, and I think that’s exactly what we should be doing.” Bernie is realistic enough to recognize that we are not going to get rid of billionaires any time soon but they should certainly be paying their fair share in taxes.
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Billionaries also shouldn’t be able to buy representatives to do their bidding. We need to get the money out of politics so authentic government of, by and for the people can emerge.
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Yep. GET THE $ OUT. Overturn Citizens’ United via legislation. Publicly-funded election campaigns. HR-1 was a damned good start, & was passed by the House on March 8, 2019 by a vote of 234–193 along strict party lines. To make it law: turn over the Senate [we’re aleady 1/2way there] & Exec in 2020!
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We need to back up and restructure the economy so that we don’t get billionaires in the first place. Everyone who contributes to an organization’s success should have roughly equal stake and outcome from that organization. We need to get past the notion that capital is somehow more important than labor. The capitalists wouldn’t succeed without their labor, so workers should have a stake in – and say-so in – their place of employment. Then we wouldn’t need the government to “redistribute” wealth, it would be fairly distributed in the first place.
https://www.currentaffairs.org/2019/11/how-to-build-socialist-institutions
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Incidentally, true democracy can’t just happen at the polls. True democracy would me that everyone who has a stake in any institution has a say-so in that institution. Not only in terms of electing officials, but in terms of direct input. Housing, workplace decisions, banking, etc.
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Ugh. “…would mean….”
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I like the way you think, Dienne. Heck, labor wouldn’t even need half the power, a third would do [leaving 1/3 for mgt/owner, 1/3 for investors]. Right now (stateside) they have virtually zilch in most enterprise. YES to “We need to get past the notion that capital is somehow more important than labor,” but that paradigm only works in practice when labor is actually needed ; it doesn’t happen by magic [ideological change? don’t hold your breath in US].
Labor organization can surely work to acquire fair share in labor-intensive profitable corporations [Starbucks?, RE-tied skilled work]. But where labor can be done remotely from low-SES countries [tech-support et al customer service], cheaply imported [H1B, low-skill labor], or off-shored [mfg], the formula founders. Govt needs to intervene & shape laws to reflect public needs.
The only hope I have personally for US is that folks will gradually get the contrast between US & Euro social democracies, QOL-wise. I believe they are ahead of our curve because the horrors of WWI/II experience capped centuries’ evidence that the rich-poor dichotomy characteristic of autocracies/ monarchies/ feudal systems led inevitably to terrible national losses. Hopefully we’ll get a clue w/o having to go there ourselves.
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MSM should track how often the Koch Network and the Catholic hierarchy’s activities merge.
Two articles from Catholic media provide info., (1) From -“The Catholic University of America, the Koch Bros. and…” (2-7-2019, The Tablet, the International Catholic News Weekly) … “Charles Koch was given a hero’s welcome at Catholic University of America and lauded as a ‘closet Catholic'” and, (2) from- “The Rise of the Catholic Right”, (Sojourners, 3-2019 ) …the Knights of Columbus gave several $50,000 donations to the Federalist Society. The Sojourners article continues, the K of C is led by Carl Anderson, a former legislative assistant to Sen. Jesse Helms. Anderson sits on the CUA board with Tim Busch of Napa Institute.
State Catholic Conferences have, sponsored the same school privatization events that the Koch network has, have, been quoted in Koch network publications related to school privatization and, by EdChoice have been linked in shared support of a state constitutional amendment. I’d speculate there’s much more.
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Agree MSM should keep a far closer eye on RC hierarchy machinations to piggyback onto “school choice”/ charter policy to prop up dwindling enrollment via accessing public funds. Charter/ voucher schools are generally associated in the national mind w/ poor urban minorities/ libertarians & Evangelists- Southerners. I suspect many liberals wink at RC schools as charters/ vouchers, because their exposure is not off-putting; they’ve seen them as generally good-quality schools which take in poor innercity non-RC kids w/lousy local pubschs & do no particular harm– and are supported by the Church.. They should think again: once RCschs have access to tax $ they are no different than any other predator on the pubschsys.
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“no different than any other predator on the pubschsys”
Agree with your pov but, I’d give RC a nod, for worse. Its attack on democracy and its attempts to void the Constitution’s safeguards against theocracy/oligarchy betray possibly 40% of its members (and also, American values and Pope Francis).
My take- the Koch’s offered a lifeline when the RC hierarchy felt its male entitlement was threatened. When coupled with the self-inflicted financial crisis from lawsuits, sense of obligation to a democratic state and concern for the 99% were thrown into the bishops’ rubbish bins.
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I heard this on NPR Now.
https://www.wnycstudios.org/podcasts/otm/segments/billionaires-bite-back
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Billionaires may run for office, but working people would be wise to take a critical look at what they want. We have had what they want for years, and working families are worse off.
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Good article.
Yeah….something…is….going…to…happen.
I just get that feeling. Too much stuff is flying out in all directions…
What it will be? Don’t know.
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This is slightly off topic but something that should be considered. Liar Trump has done much more than the Ukrainian travesty.
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‘Ralph Nader: We Have a Congress of Cowards’
Ralph Nader, Common Dreams
…A president who lies and fabricates by the hour is destructive to life-preserving science, reason, truth, and public trust. Trump separates those who believe his delusionary tweets and rantings from the realities they need to confront. No family, neighborhood, community, or workplace can operate under such thunderous falsifications. Trump even lies about his promises when challenged—such as his claim that Mexico will pay to build the wall.
Alexander Hamilton described “high crimes and misdemeanors” as “violations of the public trust.” Trump is the poster boy for this yardstick. He tells Americans they have cleaner air, water, food, forthcoming wonderful health insurance, tons more manufacturing jobs and “clean, beautiful coal.” He continues to maintain these fictions when just the opposite is occurring due to his deliberate destruction of existing health, safety and economic protections. He is subordinating people to increased corporate control. Trump caves to corporate demands for more tax escapes, taxpayer subsidies, stalled or frozen minimum wages and other mechanisms to stop the people from getting what they have earned.
“A president who lies and fabricates by the hour is destructive to life-preserving science, reason, truth, and public trust.”
Trump’s income taxes on corporations and his own businesses are the lowest in modern U.S. history. Some companies—like the big banks and General Electric are nearing tax-exemption, so little do they pay into the U.S. Treasury. And Trump’s use of the presidency to enrich himself and his businesses is shameless…
https://www.truthdig.com/articles/ralph-nader-we-have-a-congress-of-cowards/
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Ralph Nader is not afraid to point out uncomfortable truths.
He has been doing it for his whole life.
And he gets far too little credit for it.
And gets bashed by “Democrats”
I’m sure Pelosi, Schiff et al do not take kindly to being called cowardly by Nader, but that is precisely what they are. Bluster with no muster.
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Now even ‘news’ from the WH is lying. Here is what Ambassador Sondland said: “I know that members of this committee have frequently framed these complicated issues in the form of a simple question: Was there a ‘quid pro quo?’ ” Sondland said in sworn testimony. “With regard to the requested White House call and White House meeting, the answer is yes.”
It was Trump, who wrote his BIG NOTES with a Sharpie that said, “I WANT NOTHING. I WANT NOTHING. I WANT NO QUID PRO QUO.” Trump is so stupid he has to write himself notes such as this. We are dealing with the intelligence of a third grader.
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The White House • November 20, 2019NEW poll today: The more Americans see, the more they oppose impeachment
If you’re finding it difficult to keep up with all the noise surrounding House Democrats’ ever-changing impeachment saga, you’re not alone. Democrats themselves are having a tough time keeping their stories straight lately.
First, the left had an alleged “quid pro quo” in mind. When that argument didn’t poll well, Democrat leaders changed the accusation to “extortion.” Next came “bribery,”—then back to the original “quid pro quo” catchphrase this morning.
Yes, it’s dizzying. Democrats in Congress right now are throwing every accusation they can think of at the wall, crossing their fingers that something finally sticks. That isn’t a new trick: It’s actually been their only real action item since Election Day 2016.
President Trump: “I want nothing. I want no quid pro quo.”
Today turned out to be a bad day for Democrats and their media echo chamber to resurrect the old “quid pro quo” narrative. In lengthy testimony before Congress today, Ambassador to the European Union Gordon Sondland put that false accusation to rest.
When Rep. Adam Schiff (D-CA) tried to put words in Ambassador Sondland’s mouth, the Ambassador was crystal clear: “President Trump, when I asked him the open-ended question—as I testified previously, ‘What do you want from Ukraine?’—his answer was, ‘I want nothing.’”
No matter how the left tries to spin it, that is the only relevant takeaway from today’s sham hearing. Why? First, because it’s based in fact, not third-party conjecture. Second, it was stated under oath by the only person in these hearings who has ever even spoken directly to President Trump. The other witnesses could only offer opinion and speculation.
And just like that, the Swamp’s carefully choreographed narrative collapsed—again.
The big problem for House Democrats is that after weeks of testimony, they still have no actual evidence to justify effectively shutting down Congress to put Americans through this charade. New polling out today from Marquette University Law School shows that Americans in Wisconsin, for example, now oppose impeaching and removing President Trump by double-digit margins.
But Democrats from Impeachment Czar Schiff to far-left “Squad” member Rep. Rashida Tlaib (D-MI) already promised their base that they would impeach President Trump—so no matter what the facts or evidence say, the show must go on.
Even Speaker Nancy Pelosi is beginning to sense how bad this looks for her party. In a desperate letter to colleagues, she encouraged Democrats to stick with the plan—and put in writing that it would be a “weak response” to wait until next year’s election to let the American people decide for themselves who their President should be.
Democrats have told us repeatedly they have no interest in a fair, impartial hearing. It’s time to take them at their word. Fortunately, a majority of Americans may already have.
“At impeachment hearing, irrelevant opinions by Trump critics masquerade as facts”
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This statement comes from the press secretary who doesn’t hold news briefings. The best that can be said for her is that she can write in complete sentences, assuming that she wrote this. Lying is essential to keep a job with Trump. How do these people live with themselves?
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Statement from the Press Secretary
LAW & JUSTICE
Issued on: November 20, 2019
ALL NEWS
President Donald J. Trump said, “I want nothing. I want no Quid Pro Quo. I want Zelensky to do the right thing.” Ambassador Gordon Sondland testified to this in his deposition and repeatedly affirmed it today. That should be the only takeaway from today’s sham hearing, and it was stated under oath by the only person in these hearings who has ever spoken directly to President Trump. Though much of today’s testimony by Ambassador Sondland was related to his presumptions and beliefs, rather than hard facts, he testified to the fact that President Trump never told him that a White House meeting or the aid to Ukraine was tied to receiving a public statement from President Zelensky.
Over the course of the Democrats’ desperate impeachment inquiry, we have heard a great deal of hearsay, conjecture, and outright speculation about whether the President withheld military aid to the Ukraine based on a quid pro quo. The Democrats certainly tried – and have again failed – to make their case by using unreliable and indirect evidence. This country deserves better.
The direct evidence heard at these hearings makes clear that the Democrats’ allegations are baseless and a pathetic attempt overthrow the 2016 election. In his July 25 call with President Zelensky, President Trump did not condition any part of the United States-Ukraine relationship on a quid pro quo. President Trump himself released the transcript of that phone call months ago in order to end the wild speculation. In addition, President Zelensky has repeatedly stated that President Trump did not pressure him in any manner.
The facts will clearly not change the Democrats’ attempts to harass this President and spread dangerous conspiracy theories throughout the halls of Congress and all over this country. Nor will the Democrats do anything to benefit the American people by passing the USMCA, reducing drug prices, creating jobs and securing the border. In the meantime, President Trump will continue to focus on those priorities. It is sad that Speaker Pelosi, Rep. Schiff, and the rest of the House Democrats continue to focus on their impeachment farce instead of working on behalf of the American people – the people they purport to represent.
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