[Peace] [Peace-discuss] News from Neptune #420 notes

Sat May 11 16:29:47 UTC 2019

Thank you Jeff.

My apologies for confusing Ernie Terrell with Sonny Liston regarding "Say
my name."

Here is a link to Saez Zucman article on wealth:
https://www.nber.org/papers/w20625

Here is the letter that I read yesterday, which will be published in a few
days:

In 2014, Berkeley economists Emmanuel Saez and Gabriel Zucman published,
through the National Bureau of Economic Research, “Wealth Inequality in the
United States since 1913: Evidence from Capitalized Income Tax Data,”
available online with easily readable charts. With sound data and
transparent methodology, they argue that since 1979 “the rise of wealth
inequality is almost entirely due to the rise of the top 0.1% (1/1,000)
wealth share, from 7% to 22% in 2012—a level almost as high as 1929.”

In 2012 dollars, between 1986 and 2012 the wealth growth rate of the bottom
90% of families averaged .1% per year, resulting in average wealth of
$84,000, 22% of total wealth, down from 36%. Meanwhile, the growth rate of
the top 1% (1.6 million families) averaged 3.9% per year, resulting in
average family wealth of $14 million and a 42% share.

Of this 1%, the top 0.1% (160,000 families) accounted for over half, a 22%
share (equal to the bottom 90%, 144 million families), with an average of
$73 million. Moreover, the top 0.01% (16,000) of families (1/10,000)
possessed 11% ($6 trillion) of private wealth, having increased its share
from 2% in 1979.

Globalization, financialization, tax “reform,” out-sourcing, union-busting
and austerity have enforced this trend. Private equity, as in Larry Gies
and Madison Industries, is one piece of this neoliberal puzzle. When the
university celebrates his donation of appropriated wealth, it celebrates
the relentless financial warfare he and the capitalist class wage against
the vast majority of workers and families.

On Fri, May 10, 2019 at 5:00 PM J.B. Nicholson via Peace-discuss <
peace-discuss at lists.chambana.net> wrote:

> News from Neptune #420 notes
> An "Oil and Poisoned Water" edition.
> Video: https://www.youtube.com/watch?v=WsJR0bKCyHw
>
> Links to items referenced on the show.
>
>
>
> Jimmy Dore interviews Greg Palast
> https://www.youtube.com/watch?v=HeNCbXVHrR8 -- quote comes from this
> segment
> https://www.youtube.com/watch?v=gs-FiLFFDnk
>
> Previous letter to the editor by David Green
>
> http://www.news-gazette.com/opinion/letters-the-editor/2019-04-20/letter-the-editor-life-good-those-1-percent-households.html
>
> This is Hell! interview of Eileen Appelbaum and Rosemary Batt
> https://thisishell.com/interviews/1053-rosemary-batt-eileen-appelbaum
> Show file: https://thisishell-assets.s3.amazonaws.com/mp3/20190427D.mp3
> Show RSS feed: https://thisishell.com/rss.xml
>
> Taxing wealth instead of taxing income
> https://en.wikipedia.org/wiki/Wealth_tax
>
> https://www.nytimes.com/2012/11/19/opinion/to-reduce-inequality-tax-wealth-not-income.html
> -- Daniel Altman op-ed for the New York Times
>
> https://equitablegrowth.org/wealth-taxation-an-introduction-to-net-worth-taxes-and-how-one-might-work-in-the-u-s/
>
> https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-taxing-wealthy-americans/
>
>
>
> Al Kagan on "Vietnam Today: Did Anyone “Win” the Vietnam War?"
>
> http://publici.ucimc.org/2019/04/vietnam-today-did-anyone-win-the-vietnam-war/
>
> Richard Esbenshade on "What Can We Learn from the Yellow Vests?"
> http://publici.ucimc.org/2019/04/what-can-we-learn-from-the-yellow-vests/
>
> Patricia Simpson on "No Time to Wait: Let’s Make a Green New Deal!"
>
> http://publici.ucimc.org/2019/04/no-time-to-wait-lets-make-a-green-new-deal/
>
> News-Gazette Editorial Board on "Barr's battle"
>
> http://www.news-gazette.com/opinion/editorials/2019-05-10/editorial-barrs-battle.html
>
>
>
> Craig Murray on "The Real Muellergate Scandal"
>
> https://www.craigmurray.org.uk/archives/2019/05/the-real-muellergate-scandal/
>
> More on Craig Murray: Alex Salmond interviews Craig Murray published
> 2019-05-10 in an episode called "Ambassador of Controversy" starts at
> 5m04s
> talking mainly about torture and being smeared for exposing torture.
> https://www.youtube.com/watch?v=-3dx3x05gYg -- Part of the Alex Salmond
> show on RT.
>
>
>
> Doug Henwood's Left Business Observer news
> https://lbo-news.com/
>
> "Behind the News" show
> RSS feed: http://shout.lbo-talk.org/lbo/radio-feed.php
>
> Doug Henwood's critique
> https://lbo-news.com/2019/05/06/misreading-the-latest-jobs-numbers/
>
> Jack Rasmus's response to Doug Henwood
>
> https://jackrasmus.com/2019/05/06/why-government-job-stats-are-inaccurate-a-reply-to-doug-henwoods-apology-defense-of-government-reports/
>
> Doug Henwood on "Responding to Rasmus’s response"
> https://lbo-news.com/2019/05/07/responding-to-rasmuss-response/
>
> Doug Henwood "Uber Is a Scam"
> https://www.jacobinmag.com/2019/05/uber-ipo-profitability-value-labor-costs
>
> F. Scott Fitzgerald quote
>
> https://www.goodreads.com/quotes/10367-let-me-tell-you-about-the-very-rich-they-are
>
> Ernest Hemingway on the difference of the wealthy
>
> https://www.inspirationalstories.com/quotes/ernest-hemingway-the-rich-were-dull-and-they-drank/
>
> Related:
>
> http://www.quotecounterquote.com/2009/11/rich-are-different-famous-quote.html
> -- on the source of the quotes
>
>
>
> Venezuelan embassy in Washington D.C. under siege
> https://www.youtube.com/watch?v=Rc2bmR6ACT0 -- RT report on current
> situation
> https://www.youtube.com/watch?v=apCKhc3NON8 -- earlier GrayZone report
>
> Noam Chomsky on "History of US Rule in Latin America: Resistance to the
> Coup in Honduras"
> Video: https://www.youtube.com/watch?v=NKwJI9axblQ
> Edited partial transcript:
>
> https://mronline.org/2009/12/26/history-of-us-rule-in-latin-america-resistance-to-the-coup-in-honduras/
>
> This is Hell! with Chuck Mertz interviews Andrew Cockburn
> https://thisishell.com/interviews/1054-andrew-cockburn
> Show file: https://thisishell-assets.s3.amazonaws.com/mp3/20190504D.mp3
>
> Andrew Cockburn on "No Joe! Joe Biden’s disastrous legislative legacy"
> https://harpers.org/archive/2019/03/joe-biden-record/
>
>
> "What's My Name?" HBO program
> https://www.hbo.com/documentaries/whats-my-name-muhammad-ali
>
> Muhammad Ali vs. Sonny Liston fight
> https://en.wikipedia.org/wiki/Ali-liston#The_fight -- which contains no
> reference to the quote but describes the reaction to the name 'Muhammad
> Ali'.
>
> "What's my name?" quote
> https://en.wikipedia.org/wiki/Muhammad_Ali_vs._Ernie_Terrell
>
> https://www.huffingtonpost.co.uk/2014/03/05/cassius-clay-became-muhammad-ali_n_4903050.html
>
>
>
> Paul Krugman on "Trump Is Terrible for Rural America"
> https://www.nytimes.com/2019/05/09/opinion/trump-rural-america.html
>
> -J
> _______________________________________________
> Peace-discuss mailing list
> Peace-discuss at lists.chambana.net
> https://lists.chambana.net/mailman/listinfo/peace-discuss
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.chambana.net/pipermail/peace/attachments/20190511/64d0729f/attachment.html>