For the fabulously wealthy, paying taxes is pretty much optional. They can borrow against their vast wealth, which is mostly an untaxed capital gain, without paying taxes. When they die, the capital gain goes to zero. And loopholes exist to bypass the estate tax too.
“Billionaires who popularized stock-based lending include Larry Ellison and Elon Musk. Both borrow to avoid having to sell shares—which could trigger a taxes and dilute their voting rights—in companies they founded.”
www.wsj.com/finance/the-...
BREAKING: the 9th Circuit REJECTED the DOJ’s desperate attempt to prevent 20,000 votes from being counted in CA
Tomorrow, @democracydefendersfund.org@campaignlegal.org NAACP & @lulacorg.bsky.social address the merits head-on in District Court
This is a major win for voters in CA & everywhere! -TN
Elon Musk boosted the lie that James Talarico stayed at a mental hospital.
Meta suspended No Kings’ Instagram account during nationwide actions.
Staff at the Ellison-owned CBS News were reportedly told to tie Abdul El-Sayed to the Muslim Brotherhood and 9/11.
Democracy dies in billionaire hands.
In 2025, a majority of S&P 500 CEOs made more in 1 day than the median US worker made the entire year.
Meanwhile, the median US worker would need to work 43,154 years to earn what Trump made in 2025 thanks to his crypto scams & various grifts.
When I say the system is broken, this is what I mean.
Elon Musk has spent at least $366 million since July to boost Republicans ahead of the 2026 midterms.
That’s just 0.0385% of his total net worth.
Oligarchs can rig the system at the expense of everyone else, and only spend pennies doing so.
We must get Big Money out of politics.
trickle down economics
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According to Aaron Parnas:
Musk is trying to trick everyone by sending them to his own phony site when they go to check their registration.
DO NOT go to votesafe.org
When you enter your information, Elon Musk will steal it. DO NOT go to that website! Pass it on...
Effective 2025 federal tax rates paid by these corporations:
Alphabet: 8.01%
AT&T: 4.6%
Meta: 3.57%
General Motors: 3.09%
Amazon: 1.37%
Exxon Mobil: 1.31%
Disney: -1.57%
CVS Health: -3.88%
Income tax rate paid by the typical American: 14.5%
This is what a rigged system looks like.
I'm excited to announce the relaunch of my UC Berkeley class “Wealth and Poverty.”
Starting today (and every Monday), you’ll be able to take a new lesson in the course.
Join me and Heather Kinlaw Lofthouse for a live “watch-along” of the first class! open.substack.com/live-stream/...
EXCLUSIVE: The Organization for Security and Cooperation in Europe told Democracy Docket that it hasn’t received an invitation from the Trump administration to observe the midterms. www.democracydocket.com/news-alerts/...
Apparently it is of no concern to any Republicans that Trump and Bessent are taking in billions of dollars from plundered Venezuelan oil and nobody knows where the money is, where is has been going, if anyone is getting proceeds, with no accounting of any of it made available.
Black Americans are being found hanging in 2026.
For generations, Black people were lynched while institutions stood by and did nothing.
We cannot repeat that history.
I’m demanding a full investigation from the DOJ.
Haitian TPS holders are caregivers, nursing assistants, & essential to our economy.
With the termination of TPS for Haiti, our seniors, their families, & extended communities will bear the consequences.
The Senate must do the right thing & pass our bill to extend Haiti TPS NOW.
Your regular reminder that if not for the Trump and Bush tax cuts, federal revenues would keep pace with federal spending indefinitely.
Instead, these tax cuts have added at least $10 trillion to the debt.
The so called "party of fiscal responsibility" is full of it.
De-escalation?
When people instinctively pull away from the painful shock the cops will call it resisting and have a “valid excuse” to shoot.
These will be abused and people will die .
Google co-founder Sergey Brin has now pumped over $100M into stopping California's billionaire tax ballot initiative.
So he and his fellow oligarchs can't afford a wealth tax, but they'll spend a fortune buying elections?
The 60 largest planned data centers could produce the same amount of carbon dioxide emissions as 27 coal plants.
Big Tech CEOs are polluting our planet and selling out our future to line their own pockets.
We need a data center moratorium — now.
In 2025, a majority of S&P 500 CEOs made more in one day than the median US worker made the entire year.
Meanwhile, the median U.S. worker would need to work 43,154 years to earn what Trump made in 2025 thanks to his crypto scams and various grifts.
Is it any wonder why so many people are fed up?
Former J6 federal prosecutors are begging senators -- mostly GOPers, but a handful of Dems are in there, too -- to stop confirming election deniers to lifetime federal courts seats.
“Please stop poisoning our courts." www.huffpost.com/entry/live-u...
Trump announced yesterday he will repurpose huge chunks of federal lands to host AI data centers.
This massive giveaway to Big Tech comes despite surging public opposition to data centers— including among Trump's own voters.
Today I made an unannounced visit to ICE’s facility in Scarborough, Maine. What I heard was unacceptable: no body cameras, no training, and no accountability. Johan Guerrero should be alive. Congress must act. Abolish ICE. End qualified immunity.
Trump approved disaster aid requests from six red states last week.
Two days later, he rejected aid requests from four blue states.
Not only is he punishing states who didn’t vote for him, he’s playing politics with people’s lives. Despicable.
ICE lied about how Renee Good was shot.
They lied about how Alex Pretti was shot.
And now they’re lying about how Lorenzo Salgado Araujo was shot.
Don’t believe their story for a second.
14th Amendment (1868):
“All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.”
It couldn't be more clear. Alarming that this ruling was so close.
I am stunned that the constitutional question was so close. I thought it would be 6–3 or 7–2. It is profoundly disturbing that four justices would allow either the president or Congress to rewrite the plain text of the 14th Amendment. This is obviously a good outcome, but the margin is alarming.
The Trump administration inked a $1.6 billion deal for a U.S. company to mine tungsten in Kazakhstan.
The company is linked to Trump’s sons & Commerce Secretary Howard Lutnick’s sons, who will be personally enriched by their fathers’ policy decisions.
The corruption is breathtaking.
Trump bought up to $5M in Axon stock, a taser company, two weeks before ICE sought a contract for tasers.
He’s also bought stock in Palantir, Dell, and Nvidia — all of whom have been awarded massive government contracts.
Has a president ever profited so brazenly from the office?
Most Americans need stronger safety nets and deserve a bigger piece of the economic pie.
They need protection from those who seek to exploit working people for every last penny.
Some decry this view as "socialism."
I call it fair.
Five corporations control 90% of the US media market.
Airlines merged from 12 major carriers in 1980 to 4 today.
Four giants control 80% of meat processing.
The evidence of corporate consolidation is everywhere.
It means more power for them and less freedom for you.