Saturday, June 14, 2025

Three Parallel, Non-Intersecting Universes – MAGA, Progressive & The Rest

Breaking Down the Wealth of America's Top 20 Billionaires Bernie's Right: 3 Billionaires Have More Wealth Than Half of America


Three Parallel, Non-Intersecting Universes – MAGA, Progressive & The Rest
But Is There a Fourth Universe with Total Power over Them All?

Most of the United States is mired in “the rest,” just wanting to live life, survive and even prosper and not deal with massive changes and extreme views. Money and technology have changed our expectations, and as we have all surmised for a long time, money not only talks, it screams. What money wants, it seems to get; it is clearly dividing the nation into the mega-wealthy (i.e., the “rich get richer”) and the rest of us. Oh, and by the way, the rich own the technology, own most of the truly valuable land and control financing like only mega-billion-dollar institutions can.

They use their money to dominate the housing marketplace like no other, with ads like “I want to buy your house,” they can write checks without applying for mortgages like the rest of us must, access streamlined repair structures and flip into a lucrative rental market. Over the past three decades, small local developers have been largely supplanted by publicly traded national builders, who can offer below-market mortgages to attract buyers to their cookie-cutter properties. Guess who benefits most from an over-valued residential marketplace? Some existing homeowners for sure, until they want to move and upgrade. Scarcity, a paucity of affordable housing, drives up prices! And those mega-homebuilders love that. They can access volume purchases and are the most likely to find workarounds against Trump’s inane tariffs. Their ability to slide into the upscale rental market also allows them to sidestep that there are an estimated 500,000 fewer homebuyers than available homes for sale. Raising tariffs on steel and aluminum increases that housing scarcity pricing.

If you look at the three obvious constituencies above, none of the three is truly able to navigate an affordable lifestyle remotely mirroring that of earlier generations… because there is a fourth power grouping that has slowly redesigned the United States to serve their interests at the expense of the lower-middle class and the working class and below. Donald Trump – the first president in US history to generate billions of dollars for himself and his family while in office – is their designated autocrat. The “Big Beautiful Bill” benefits the rich and punishes almost everyone else… but is the slow is an extension, continuous legacy following the 2010 Supreme Court ruling in Citizens United v FEC, which took the cap off of rich-SuperPACs using massive cash to fund their causes. Most of that new money funded causes that gave vastly more political control to conservative wealth.

We have elected a House majority that has been completely co-opted by wealthy interests. Donald Trump’s power over the GOP – operating under a fearful threat of losing Trump’s base perceived as a necessary component of being reelected – makes too many elected members of Congress act against the best interests of those who elected them. Writing for the June 4th The Hill, Mark Mellman provides this realistic perspective: “It may be hard to imagine, but Republicans are exploding the budget deficit and the national debt while slashing health care and education, all to give more tax breaks to billionaires like Elon Musk and Jeff Bezos.

“The facts are clear… The non-partisan Congressional Budget Office (CBO) estimated that the House GOP bill would result in ‘an increase in the federal deficit of $3.8 trillion.’... House Speaker Mike Johnson (R-La.) pooh-poohs the CBO, failing to recognize that the agency’s director, a veteran of Republican administrations, was appointed jointly by Democratic and Republican leaders. With typical partisan hypocrisy, the Speaker was happy to rely heavily on CBO when they declared Democratic budgets would add to the deficit, but demurs when the shoe is on the other foot… However, CBO is hardly alone. While there are differences on the exact number, every nonpartisan analysis agrees on the underlying fact that the Republican bill will increase the deficit.

“The Tax Foundation says the GOP bill will raise the deficit by $2.6 trillion, while the Committee for a Responsible Federal Budget argues the bill ‘would add $2.5 trillion to primary deficits over the coming decade, adding $3.1 trillion to the debt including interest. If its temporary provisions are extended without offsets, we estimate it would add $5.1 trillion to the debt including interest.’ The Penn Wharton Budget Model estimates ‘the House-passed reconciliation bill increases primary deficits by $2.8 trillion over 10 years.’”

While the stock market, rising and falling on tariff news, is the most obvious financial indicator… it does not reflect the national “red alert” danger metrics in the debt markets, the true measure of economic stability. As US treasuries have recently been downgraded, as credit-default-swaps (the hedge against debt failure) are showing that the United States is now riskier than most major European purveyors of bonds, as the talk of ending the dollar’s hegemony as the leading reserve currency (by which most commodities are valued) is increasing exponentially, as US interest rates are rising fast and as the international markets are beginning to devalue US assets (including the dollar itself), our attempt to appease the rich, who still try and convince us that any tax cut will drive job creation (yet they do not believe in the equally plausible Easter Bunny). The interest on our deficit bonds has never been higher.

Look at the above graphics. Do you feel well-served by that class of billionaires? Do you really want to give that class of billionaires and near-billionaires a tax cut if it makes everything cost more, deprives millions of healthcare and ensures that housing unaffordability becomes a permanently embedded feature of the United States? Look at all the issues the billionaire Trump is championing, the more outrageous the greater the focus in the news… and ask yourself if he really cares about most of that… Or, as important as most of those issues may be, are they really a distraction to create legislation to allow the piggy billionaires greater access to slorp at the trough of YOUR MONEY?

I’m Peter Dekom, and when the masters of subterfuge with unlimited access to corrupt politicians (with fewer laws containing them) and an ability to rile up their opposing press, are brilliantly hiding how they are remaking America to serve them… and no one else… do you care?

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