Data on Wealth Redistribution to Oligarchs
Cooperating asset managers do not need to take-over other asset managers to form monopolies; they act together as a cartel. In August 2024, the cartel owns (as cooperating shareholders) more than 50% of voting stock in the majority of adequately performing Fortune 500 stocks, mutual funds, ETFs, and particularly index funds. See the table in "Intermediaries". The asset managers’ cartel has enough votes to overturn company CEOs, take over each target company, and replace the management with their own CEO. The target company can either join the cartel, or can fire ~1000s of workers and replace them with temporary staff, without pensions or benefits. Otherwise, a new “cartel” CEO can sell off the best subsidiaries, and trash the company to reduce competition. Company shareholders may get nothing.
Asset Managers Gaming the System to Enforce Income Inequality; Middle Class Eliminated
Park Avenue: Money, Power and the American Dream *
Run Time: 70 minutes
Plot Outline: Academy Award-winning filmmaker Alex Gibney presents his take on the gap between rich and poor Americans. Gibney contends that America’s richest citizens have “rigged the game in their favor,” and created unprecedented inequality in the United States.
Education, Inc.
Run Time: 94 minutes
A documentary about how money and politics are changing our schools. Education, Inc. is told through the eyes of parent and filmmaker Brian Malone, as he travels cross-country in search of the answers and sources behind the privatizing of American public education, and what it means for his kids. With striking footage from school protests, raucous school board meetings and interviews with some of the most well-known educators in the country, Malone zooms out to paint a clear picture of profit and politics that’s sweeping across the nation, right under our noses.
Wealth Redistribution to Oligarchs
Mega-monopolies make power brokering too tempting… especially mega-wealth controlling over 90% of all media, and over 90% of all assets… in Russia, China, & America. https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States
R.B. Reich: 95% of economic gains went to the top 1% net worth (HNWI) since 2009 when the recovery allegedly started.[10]
Personal Wealth vs Percentile of Americans. The bottom 7% are in debt. The top 0.1% have over $10B. Decades ago the Middle Class had 50% of all wealth. Now, that wealth is hollowed out; distributed to the oligarchs.
Wealth inequality is not due to natural economic forces; it was designed by fascists to overturn U. S. democracy. Fascism is a desperate attempt of capitalist oligarchy, to preserve its grip on power as poorer workers rise in status and wealth.
https://youtu.be./QPKKQnijnsM
Our pension asset principal pays “asset-manager shareholders” 20+% / year returns. Asset managers each donate millions to GOP candidates and to GOP lobbying groups to influence elections; to favor issues engorging oligarchs. But that is not all.
Koch Network and Koch Foundation pay lobbyists to bribe GOP Congressmen to eliminate rights and privileges of citizens… and slander minorities, non-white cultures/religions, and women.
The planned government fascist take-over is outlined in Trump’s Project 2025.