Why Oligarchs Don't Just Want to Be Rich, But Kill Democracy Too

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Why Oligarchs Don't Just Want to Be Rich, But Kill Democracy Too
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The deeper reason why the powerful and wealthiest think your ability to vote is dangerous.

Burke was defending, among other things, Britain’s restrictions on democracy, including limits on who could vote or run for office, and the British maximum wage.Burke and his contemporaries in the late 1700s believed that if working-class people made too much money, they’d have enough spare time to use democratic processes to challenge the social order and collapse the British kingdom.

— The labor movement was feeling it’s oats: strikes spread across America throughout the 1960s from farm workers in California to steel workers in Pennsylvania. In the one year of 1970 alone, over 3 million workers— And throughout that decade African Americans were demanding an end to police violence and an expansion of Civil and Voting Rights.

While it looks from the outside like the singular mission of the Reagan Revolution was simply to help rich people and giant corporations get richer and more powerful , the ideologues driving the movement also thought they were restoring stability to the United States, both socially, economically, and — most important — politically.

— He put a tax on Social Security income and unemployment benefits and put in a mechanism to track and tax tips income, all of which had previously been tax-free but were exclusively needed and used by working-class people.of credit-card, car-loan and student-debt interest, overwhelmingly claimed by working-class people. At the same time, he cut the top tax bracket for millionaires and multimillionaires from 74% to 27%.

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