The Party of Wall Street has ruled unchallenged in the United States for far too long. It has totally (as opposed to partially) dominated the policies of Presidents over at least four decades (if not longer), no matter whether individual Presidents have been its willing agents or not. It has legally corrupted Congress via the craven dependency of politicians in both political parties upon its raw money power and upon access to the mainstream media that it controls. Thanks to the appointments made and approved by Presidents and Congress, the Party of Wall Street dominates much of the state apparatus as well as the judiciary, in particular the Supreme Court, whose partisan judgments increasingly favor venal money interests, in spheres as diverse as electoral, labor, environmental and contract law.
The Party of Wall Street has one universal principle of rule: that there shall be no serious challenge to the absolute power of money to rule absolutely. And that power is to be exercised with one objective. Those possessed of money power shall not only be privileged to accumulate wealth endlessly at will, but they shall have the right to inherit the earth, taking either direct or indirect dominion not only of the land and all the resources and productive capacities that reside therein, but also assume absolute command, directly or indirectly, over the labor and creative potentialities of all those others it needs. The rest of humanity shall be deemed disposable.
What a great, telling article about the pathologies of the upper class. The hysteria really is in full-swing. A few telling excerpts:
“Who do you think pays the taxes?” said one longtime money manager.
“Financial services are one of the last things we do in this country and do it well. Let’s embrace it.
“If you want to keep having jobs outsourced, keep attacking financial services. This is just disgruntled people.”
He added that he was disappointed that members of Congress from New York, especially Senator Charles E. Schumer and Senator Kirsten Gillibrand, had not come out swinging for an industry that donates heavily to their campaigns. “They need to understand who their constituency is,” he said.
Their constituency is the citizenry of the state of New York, fuckwad.
And it gets better:
Mr. Paulson offered a full-throated defense of the Street, even going so far as to defend the tiny sliver of top earners attacked by the Occupy Wall Street protesters… “The top 1 percent of New Yorkers pay over 40 percent of all income taxes, providing huge benefits to everyone in our city and state,” he said in a statement.
That’s great, because they make somewhere in the neighbourhood of 30%-40% of the income. This is what we call a tiny semblance of progressive taxation. The problem is — what is the tax rate your company pays? I’m sure Mr. “I’m a Saintly Job Creator, Look at All The Taxes I Pay Neener-Neener” Paulson wouldn’t be so quick to divulge that little statistic.
“Paulson & Company and its employees have paid hundreds of millions in New York City and New York State taxes in recent years and have created over 100 high-paying jobs in New York City since its formation.”
Wow, what a wonder of free-market capitalism. He was able to create a measly 100 jobs out of billions in income. And he thinks we should be thanking him for his totally sustainable and in no way absurd line of work.
“I don’t think we see ourselves as the target,” said Steve Bartlett, president of the Financial Services Roundtable, which represents the nation’s biggest banks and insurers in Washington. “I think they’re protesting about the economy.”
Well golly gee, Mr. Bartlett, they don’t call it “Occupy WALL STREET” for nothing.
Sheesh. Remember — this is what they are saying in private, which means they are supposedly putting their “intentional misrepresentations” aside and saying what they really think. And these people are apparently our “captains of industry,” the best and brightest that think they earned their top 1% status.