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    At least 9,000 wealthy Americans have amassed $5 million-plus sized IRAs. Multimillionaires and billionaires are shielding vast fortunes from taxation with monstrously huge IRAs.

Ayn Rand: Queen of the Universe

Thursday, 07 February 2013 15:22 By The Daily Take Team, The Thom Hartmann Program | Op-Ed

Ayn Rand(Photo: Alex / Flickr)Thirty years after her death, Ayn Rand’s philosophy of selfishness and billionaire empowerment rules the world. It’s a remarkable achievement for an ideology that was pushed to the fringes for most of her life, and ridiculed on national television in a notorious interview with Mike Wallace.

But, it’s happened. And today, the United States and other independent governments around the world are crumbling while Ayn Rand’s billionaires are taking over.

With each new so-called Free Trade agreement – especially the very secretive Trans Pacific Partnership, which has less to do with trade and more to do with a new law of global governance for transnational corporations – Ayn Rand’s reviled “state” (or what we would call our democracy, the United States of America) is losing its power to billionaires and transnational corporations.

Ayn Rand hated governments and democracy. She considered them systems of mob rule. She grew up in Russia, and as a child watched the Bolsheviks confiscate her father’s pharmacy during the Russian Revolution. Likely suffering from PTSD from that incident, Ayn Rand devoted her future writings to evil government, including the "evil" of its functions like taxation, regulation, and providing social services to the poor and sick.

She divided the world into makers and takers (or what she called “looters”).

On one side are the billionaires and the industrialists. People like Dagny Taggert, a railroad tycoon, and Hank Rearden, a steel magnate. Both were fictional characters in her book Atlas Shrugged, but both have real-world counterparts in the form of the Koch Brothers, the Waltons, and Sheldon Adelson. According to Rand, they are the “Atlases” holding up the world.

So, in Atlas Shrugged, when the billionaires, tired of paying taxes and complying with government regulation, go on strike, Ayn Rand writes that the American economy promptly collapsed.

On the other side are the “looters,” or everyone else who isn’t as rich or privileged, or who believed in a democratic government to provide basic services, empower labor unions, and regulate the economy. They are the leeches on society according to Rand (and according to Mitt Romney with his 47% comments). And, as she told Mike Wallace in in 1959, they do not even “deserve love.”

To our Founding Fathers, looking out for the general welfare of the population was an explicit role of the government, one of its most important and the reason this nation was created when we separated from Britian.

But to Ayn Rand, a government that taxed billionaires to help pay for healthcare and education for impoverished children was not just unwise economically, it was also immoral.

Nature abhors a vacuum – both in the wild and in politics.  So, when people, organized in the form of a government, are removed from power, then money organized in the form of corporations and billionaires moves into the vacuum to take power – which is exactly what’s happening today, worldwide.

In the thirty years after her death, the United States crept closer and closer to Ayn Rand’s utopia. Reagan dramatically slashed taxes on the rich and went after labor unions. Clinton deregulated financial markets for the rich, ended welfare as we know it, and committed our nation to one globalist corporate free trade agreement after another.

And, under Bush and Obama, we’ve seen the rapid privatization of our commons, the further erosion of social safety nets, and more losses of national sovereignty with more so-called free trade agreements.

In Europe, we’re seeing sovereign governments neutered by Conservative technocrats. According to Ayn Rand, the rich can never be asked to sacrifice. So instead, it’s working people across the Eurozone who have to pay for the bad investments that the banksters made in the run-up to the global financial collapse.

As we saw in Greece in 2011 with the deposing of Prime Minister George Papandreou, and all across the state of Michigan over the last few years with financial managers laws, when democratic governments are unwilling to do the bidding of the rich, they're immediately replaced by corporate lackeys who will.

The Taggerts and the Reardens are holding the reins of government today.

Which explains why Corporate America paid an average tax rate of just 12% in 2011 – the lowest rate in 40 years. It explains why 400 billionaires in America now own more wealth than 150 million other Americans combined. And it explains why fewer impoverished Americans are getting less federal assistance than at any time in the last half-century.

Ayn Rand envisioned a world without governments – a world where the super-rich are free to do as they wish.

We tried that during the so-called Gilded Age of the late 19th Century – before Ayn Rand was alive. If she'd watched the ruthlessness of the Robber Barons like she did the Bolsheviks, she may have reached different conclusions.

She may have realized that American Presidents like Teddy Roosevelt, Franklin Roosevelt, and Dwight Eisenhower were right when they made sure that wealth was more evenly distributed and the Billionaire Class was held in check.

Or she may have come to understand that corporations and billionaires owe their wealth to the state and not the other way around. Without favorable patent and copyright laws, a court system, an educated workforce, and an infrastructure to move goods about the country, then no one would be able to get rich in America.  We'd be like the Libertarian paradise of Somalia.

As Harry Moser, the founder of the Reshoring Initiative,argued in The Economist, “Corporations are not created by the shareholders or the management. Rather they are created by the state. They are granted important privileges by the state (limited liability, eternal life, etc). They are granted these privileges because the state expects them to do something beneficial for the society that makes the grant. They may well provide benefits to other societies, but their main purpose is to provide benefits to the societies (not to the shareholders, not to management, but to the societies) that create them.”

Sadly, this understanding of how democratic republics work - and why - has been lost this generation.

And Ayn Rand’s disciples are making sure the next generation never finds it again.

Idaho State Senator John Goedde, who chairs that state Senate’s Education Committee, introduced a bill this week that would require all students to read Ayn Rand’s book “Atlas Shrugged” before they can graduate. Goedde explained that the book made his son a Republican and that it “certainly gives one a sense of personal responsibility.”

Between stupidity like this, and the re-birth of Ayn Rand through corporate-funded think tanks and Hollywood movies, the Billionaire Class wants to make sure the next generation buys into a toxic ideology that’s quite literally destroying the world as we know it.

They don’t want the 21st Century to be “America’s Century.” They want it to be the “Billionaire’s Century.” And if they succeed, then the middle class in America - and through most of the developed world - will go extinct.

Copyright, Truthout. May not be reprinted without permission of the author.

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Ayn Rand: Queen of the Universe

Thursday, 07 February 2013 15:22 By The Daily Take Team, The Thom Hartmann Program | Op-Ed

Ayn Rand(Photo: Alex / Flickr)Thirty years after her death, Ayn Rand’s philosophy of selfishness and billionaire empowerment rules the world. It’s a remarkable achievement for an ideology that was pushed to the fringes for most of her life, and ridiculed on national television in a notorious interview with Mike Wallace.

But, it’s happened. And today, the United States and other independent governments around the world are crumbling while Ayn Rand’s billionaires are taking over.

With each new so-called Free Trade agreement – especially the very secretive Trans Pacific Partnership, which has less to do with trade and more to do with a new law of global governance for transnational corporations – Ayn Rand’s reviled “state” (or what we would call our democracy, the United States of America) is losing its power to billionaires and transnational corporations.

Ayn Rand hated governments and democracy. She considered them systems of mob rule. She grew up in Russia, and as a child watched the Bolsheviks confiscate her father’s pharmacy during the Russian Revolution. Likely suffering from PTSD from that incident, Ayn Rand devoted her future writings to evil government, including the "evil" of its functions like taxation, regulation, and providing social services to the poor and sick.

She divided the world into makers and takers (or what she called “looters”).

On one side are the billionaires and the industrialists. People like Dagny Taggert, a railroad tycoon, and Hank Rearden, a steel magnate. Both were fictional characters in her book Atlas Shrugged, but both have real-world counterparts in the form of the Koch Brothers, the Waltons, and Sheldon Adelson. According to Rand, they are the “Atlases” holding up the world.

So, in Atlas Shrugged, when the billionaires, tired of paying taxes and complying with government regulation, go on strike, Ayn Rand writes that the American economy promptly collapsed.

On the other side are the “looters,” or everyone else who isn’t as rich or privileged, or who believed in a democratic government to provide basic services, empower labor unions, and regulate the economy. They are the leeches on society according to Rand (and according to Mitt Romney with his 47% comments). And, as she told Mike Wallace in in 1959, they do not even “deserve love.”

To our Founding Fathers, looking out for the general welfare of the population was an explicit role of the government, one of its most important and the reason this nation was created when we separated from Britian.

But to Ayn Rand, a government that taxed billionaires to help pay for healthcare and education for impoverished children was not just unwise economically, it was also immoral.

Nature abhors a vacuum – both in the wild and in politics.  So, when people, organized in the form of a government, are removed from power, then money organized in the form of corporations and billionaires moves into the vacuum to take power – which is exactly what’s happening today, worldwide.

In the thirty years after her death, the United States crept closer and closer to Ayn Rand’s utopia. Reagan dramatically slashed taxes on the rich and went after labor unions. Clinton deregulated financial markets for the rich, ended welfare as we know it, and committed our nation to one globalist corporate free trade agreement after another.

And, under Bush and Obama, we’ve seen the rapid privatization of our commons, the further erosion of social safety nets, and more losses of national sovereignty with more so-called free trade agreements.

In Europe, we’re seeing sovereign governments neutered by Conservative technocrats. According to Ayn Rand, the rich can never be asked to sacrifice. So instead, it’s working people across the Eurozone who have to pay for the bad investments that the banksters made in the run-up to the global financial collapse.

As we saw in Greece in 2011 with the deposing of Prime Minister George Papandreou, and all across the state of Michigan over the last few years with financial managers laws, when democratic governments are unwilling to do the bidding of the rich, they're immediately replaced by corporate lackeys who will.

The Taggerts and the Reardens are holding the reins of government today.

Which explains why Corporate America paid an average tax rate of just 12% in 2011 – the lowest rate in 40 years. It explains why 400 billionaires in America now own more wealth than 150 million other Americans combined. And it explains why fewer impoverished Americans are getting less federal assistance than at any time in the last half-century.

Ayn Rand envisioned a world without governments – a world where the super-rich are free to do as they wish.

We tried that during the so-called Gilded Age of the late 19th Century – before Ayn Rand was alive. If she'd watched the ruthlessness of the Robber Barons like she did the Bolsheviks, she may have reached different conclusions.

She may have realized that American Presidents like Teddy Roosevelt, Franklin Roosevelt, and Dwight Eisenhower were right when they made sure that wealth was more evenly distributed and the Billionaire Class was held in check.

Or she may have come to understand that corporations and billionaires owe their wealth to the state and not the other way around. Without favorable patent and copyright laws, a court system, an educated workforce, and an infrastructure to move goods about the country, then no one would be able to get rich in America.  We'd be like the Libertarian paradise of Somalia.

As Harry Moser, the founder of the Reshoring Initiative,argued in The Economist, “Corporations are not created by the shareholders or the management. Rather they are created by the state. They are granted important privileges by the state (limited liability, eternal life, etc). They are granted these privileges because the state expects them to do something beneficial for the society that makes the grant. They may well provide benefits to other societies, but their main purpose is to provide benefits to the societies (not to the shareholders, not to management, but to the societies) that create them.”

Sadly, this understanding of how democratic republics work - and why - has been lost this generation.

And Ayn Rand’s disciples are making sure the next generation never finds it again.

Idaho State Senator John Goedde, who chairs that state Senate’s Education Committee, introduced a bill this week that would require all students to read Ayn Rand’s book “Atlas Shrugged” before they can graduate. Goedde explained that the book made his son a Republican and that it “certainly gives one a sense of personal responsibility.”

Between stupidity like this, and the re-birth of Ayn Rand through corporate-funded think tanks and Hollywood movies, the Billionaire Class wants to make sure the next generation buys into a toxic ideology that’s quite literally destroying the world as we know it.

They don’t want the 21st Century to be “America’s Century.” They want it to be the “Billionaire’s Century.” And if they succeed, then the middle class in America - and through most of the developed world - will go extinct.

Copyright, Truthout. May not be reprinted without permission of the author.

Hide Comments

blog comments powered by Disqus