Change the Oligarchy!
1 year ago Citizen#7 0
We Live in An Oligarchy
When a small group of people having control of a country, organization, or institution defines the word “Oligarchy”.
The Center for Research on Globalization reports the highlights of a Princeton study.
- Economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while mass-based interest groups and average citizens have little or no independent influence.
- When a majority – even a very large majority – of the public favors change, it is not likely to get what it wants. In our 1,779 policy cases, narrow pro-change majorities of the public got the policy changes they wanted only about 30% of the time. More strikingly, even overwhelmingly large pro-change majorities, with 80% of the public favoring a policy change, got that change only about 43% of the time.
- In the United States, the majority does not rule — at least not in the causal sense of actually determining policy outcomes. When a majority of citizens disagrees with economic elites and/or with organized interests, they generally lose. Moreover, because of the strong status quo bias built into the U.S. political system, even when fairly large majorities of Americans favor policy change, they generally do not get it.
The Princeton researchers studied 1,779 policy changes made between 1981 and 2002, and judged them based on what the super-rich people wanted, versus what the median voter wanted, versus what powerful lobbies wanted.
Shockingly, the rich people and their lobbies got their way the vast majority of the time, with the median voter really only getting what he or she wanted when it was in line with the wishes of the affluent.
While the overwhelming majority of citizens like want to keep Social Security as is or expand Social Security there are two plans under consideration to reduce Social Security benefits.
While a majority of citizens have seen tax increases Corporate tax rates have gone down.
- Corporate share of federal tax revenue has dropped by two-thirds in 60 years. From a high of 32% in 1952 to 10% in 2012.
- General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012.
- 288 big and profitable Fortune 500 corporations paid an average effective federal tax rate of just 19.4% from 2008 to 2012.
- Profitable corporations paid U.S. income taxes amounting to just 12.6% of worldwide income in 2010.
- U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries into tax havens.
- U.S. corporations officially hold $2.1 trillion in profits offshore that have not yet been taxed here.
Americans for Tax Fairness – www.americansfortaxfairness.org
Citizens for Tax Justice – www.ctj.org
While a majority of citizens have seen no significant wage growth in the past 40 years:
- Over the last several decades, inflation-adjusted CEO compensation increased from $1.5 million in 1978 to $16.3 million in 2014, or 997 percent, a rise almost double stock market growth.
- Over the same time period, a typical worker’s wages grew very little: the annual compensation, adjusted for inflation, of the average private-sector production and nonsupervisory worker (comprising 82 percent of total payroll employment) rose from $48,000 in 1978 to just $53,200 in 2014, an increase of only 10.9 percent. CEOs now make over 300 times what typical workers earn.
- CEO Pay Has Grown 90 Times Faster than Typical Worker Pay Since 1978
Sources: Economic Policy Institute – www.epi.org
Citizens can change polices, business practices to bring balance into the U.S. back.
To see how you can make a change please read: Indivisible