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pat_k

(12,500 posts)
Tue Nov 18, 2025, 03:51 PM 8 hrs ago

The Epstein scandal could be the match that sparks unprecedented transformation

Last edited Tue Nov 18, 2025, 04:51 PM - Edit history (1)

Epstein is SOOO much bigger than "who's on the list."

It is a decades long obscenity and corrupt, knee jerk protection of the rich and powerful over multiple administrations.

It is the embodiment of the corrosive effect the accumulation of wealth in the hands of the few at the expense of the many has on any society that allows it.

The blowback could transform the adoration of wealth and power so many have held onto into a recognition of the magnitude with which such power inevitably corrupts.

It could be the match that starts a firestorm that burns down resistance to reversing the current flow of dollars from the many to the few.

It could be the wake up call that we must end the obscene accumulation of wealth and its corruption of our society, and the beginning of transformational laws: minimum wage that reflects the increase of worker productivity over the last five decades, inheritance tax, wealth tax, progressive tax on income, higher tax on capital gains than earned income.

As we advocate for these things, we MUST do more than cite vague benefits, like strengthening safety nets, blah, blah. In addition to Universal Health Care, we need to be levying these taxes for something truly transformative -- something like Piketty-style "Inheritance for all"

I think Piketty's Inheritance for All is a tangible benefit that we need to start calling on our electeds to start the drumbeat for now. That would put us on the path to achieving it -- or something even better -- before the youth of today are our age.

We will never build the political will for such transformative change if no one is advocating for it.

Silence and surrendering in advance on anything the Democratic consultant class deems "unwinnable" helped bring us to this point.

I know many object to using AI summaries, but this one on inheritance for all does a better job of summarizing than I could:

Piketty's "inheritance for all" is a proposal for a one-time state payment of a substantial sum, like €120,000, to every citizen when they turn 25. The goal is to reduce wealth inequality by providing a capital transfer to young adults, funded by progressive wealth and inheritance taxes on the wealthy. This would give those with little to no inherited wealth more financial power for opportunities like education, housing, or starting a business.

What it is: A universal, one-time payment given to every citizen at age 25.
How it's funded: By significantly increasing wealth and inheritance taxes on the wealthiest individuals and estates.

How much: The amount is proposed to be around €120,000 or $150,000-$180,000 in other contexts.

The goal: To counteract the inequality created by inherited wealth by providing a "starter capital" for all young adults, thereby increasing their financial power and life choices.

Context: It is presented as one part of a broader "participatory socialism" plan, which also includes other reforms like higher income taxes and worker co-determination in corporations.


17 replies = new reply since forum marked as read
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The Epstein scandal could be the match that sparks unprecedented transformation (Original Post) pat_k 8 hrs ago OP
Women will be the winners... ultralite001 8 hrs ago #1
I'll second, third and fourth that fact to be BOSSHOG 7 hrs ago #4
I listened to the entire press conference today -- what amazing women!! pat_k 4 hrs ago #13
Same here.These woman will not give up. bluestarone 4 hrs ago #16
Strength in numbers. A lesson we can all learn from!! pat_k 2 hrs ago #17
Interesting malaise 8 hrs ago #2
Inheritance for All has the dual purpose of addressing... pat_k 7 hrs ago #3
Something has to give malaise 7 hrs ago #5
If we can't bring about truly transformative change in time... pat_k 6 hrs ago #9
Thanks malaise 6 hrs ago #12
DURec leftstreet 7 hrs ago #6
Thanks for the kick! pat_k 6 hrs ago #11
That's quite the stretch Fiendish Thingy 7 hrs ago #7
How does all that work where you live in Canada? BannonsLiver 7 hrs ago #8
I see growing anger at the obscenely wealthy coming out of this that is new. YMMV. pat_k 6 hrs ago #10
No more billionaires. Period. EarthFirst 4 hrs ago #14
Might be nice if a consequence of reaching the threshold would be having... pat_k 4 hrs ago #15

ultralite001

(2,295 posts)
1. Women will be the winners...
Tue Nov 18, 2025, 03:53 PM
8 hrs ago

No doubt in my mind whatsoever...

(+ I'm not talking about Ghislaine + her crew)...

pat_k

(12,500 posts)
13. I listened to the entire press conference today -- what amazing women!!
Tue Nov 18, 2025, 07:13 PM
4 hrs ago

Starts at about 11 min, ends at 1 hour 22 min.

https://www.youtube.com/live/oeIMh03Z1tg

Over and over, the corrupting power of extreme wealth. Men who were confident their wealth would protect them. And so far it has. May that come to an end soon.

bluestarone

(20,821 posts)
16. Same here.These woman will not give up.
Tue Nov 18, 2025, 07:55 PM
4 hrs ago

I felt so good after watching it. TSF is in big trouble. They are Still gonna have to fight like hell though.

pat_k

(12,500 posts)
17. Strength in numbers. A lesson we can all learn from!!
Tue Nov 18, 2025, 09:49 PM
2 hrs ago

And yes, the fight is far from over. Never underestimate the power of vast wealth.

OTOH, never underestimate the power of a group of determined people.

Never underestimate the power of a small group of committed people to change the world. In fact, it is the only thing that ever has.” ~ Margaret Mead

pat_k

(12,500 posts)
3. Inheritance for All has the dual purpose of addressing...
Tue Nov 18, 2025, 04:16 PM
7 hrs ago

... the flow of money from the many to the few and the crisis caused by the systematic transfer of wealth from the young to the old that Prof G often discusses.

National Service
https://www.profgalloway.com/national-service/


....
The Kids Aren’t All Right
I believe young Americans are fed up with a country they’re raised to love but that doesn’t love them back. Our spending priorities (entitlements), tax policies (capital gains and mortgage interest deductions), and fiscal priorities (bail-outs of incumbents) are the greatest transfer of wealth from young to old in history. Old people have figured out a way to vote themselves more money, and even if the younger generations aren’t good at it, they can do math.


Notes on Being a Man
https://www.profgalloway.com/notes-on-being-a-man/

People under the age of forty are 24% less wealthy. The deliberate transfer of wealth from the young to the old in the United States over the past century has led to unaffordable and indefensible costs for education and housing and skyrocketing student debt, all of which directly affect young men. It’s why twenty-five-year-olds today make less than their parents and grandparents did at the same age, while carrying debt loads unimaginable to earlier generations.
...
Men ages 20 to 30 now spend less time outside than prison inmates.
...
Here’s a terrifying stat: 45% of men ages eighteen to twenty-five have never approached a woman in person. And without the guardrails of a relationship, young men behave as if they have … no guardrails.
...
Meanwhile, algorithmically generated content on social media contributes to—and profits from—young men’s growing social isolation, boredom, and ignorance. With the deepest-pocketed firms on the planet trying to convince young men they can have a reasonable facsimile of life on a screen, many grow up without acquiring the skills to build social capital or create wealth. The percentage of young men aged twenty to twenty-four who are neither in school nor working has tripled since 1980.



pat_k

(12,500 posts)
9. If we can't bring about truly transformative change in time...
Tue Nov 18, 2025, 05:05 PM
6 hrs ago

... what will give is the eggshell economy that is utterly dependent on big spending by the rich, an all-in bet on AI, and a massively, and artificially, inflated stock market.

Perhaps it will take the horrible consequences of a global recession for enough people to recognize this economy by and for the wealthiest is not only immoral, it is insanely fragile.

Another great article backed up by numbers that are downright terrifying:

How does the end begin
https://www.profgalloway.com/how-does-the-end-begin/

Fiendish Thingy

(21,567 posts)
7. That's quite the stretch
Tue Nov 18, 2025, 04:54 PM
7 hrs ago

From exposing rich sex traffickers and their customers, to abolishing wealth inequality via universal capital infusion?

You didn’t make case exhaling how the two are connected, let alone how one would lead to the other.

pat_k

(12,500 posts)
10. I see growing anger at the obscenely wealthy coming out of this that is new. YMMV.
Tue Nov 18, 2025, 05:09 PM
6 hrs ago

And a lot of that type of anger was also voiced at the press conference. (From about 11 min to 1 hour 22 min.)

https://www.youtube.com/live/oeIMh03Z1tg

A consistent refrain was condemnation of these rich and powerful people who believe they can get away with anything because they believe their money protects them.

I don't read that as merely a call for justice. I see that as a condemnation of a system that gives rise to such people -- the recognition that in such a system holding the wealthy to account has been almost impossible.

EarthFirst

(3,898 posts)
14. No more billionaires. Period.
Tue Nov 18, 2025, 07:22 PM
4 hrs ago

At the $999,999,999 threshold; you forfeit any further gains.

As a token of gratitude by society; they will receive a framed “I won Capitalism” certificate and a park bench named after them in any public park of their choosing.

pat_k

(12,500 posts)
15. Might be nice if a consequence of reaching the threshold would be having...
Tue Nov 18, 2025, 07:50 PM
4 hrs ago

... "I won capitalism" branded on their forehead. I'd imagine that would prompt some to work real hard not to reach that threshold. (Although I suppose folks with the mentality and maturity of someone like Elon Musk would wear such a brand with pride.)

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