Are Billionaires Simply Money Addicts – Like Scrooge McDuck?

Why are the GOP and billionaires so committed to gutting worker protections while increasing the wealth of the top one percent?

By Thom Hartmann/ HartmannReport.com/ May 7, 2024

Do elite Republicans and the CEOs who fund them hate working people? Or are they simply unable to control themselves, even when deep down inside they know they’re ruining America?

In Ohio, there’s a growing statewide petition effort to get a constitutional amendment on this fall’s ballot to raise the $10.45 minimum wage to $15, including tipped workers. It’s increasingly looking like it’ll make the ballot, so Republicans in the state senate have come up with a plan to take the steam out of the petition drive: promise legislation that, they say, would raise the minimum wage to $15 except for tipped workers, who’d see a raise from $5.25 to $7.50, and phase it in over 4 years. The bill, according to one of its sponsors, was written by the restaurant industry.

Bernie Moreno, Ohio’s Republican candidate for the US Senate against incumbent Democrat Sherrod Brown, was recently forced by a court to pay $400,000 in wages he’d stolen from employees at his used car business and says he thinks there shouldn’t be a minimum wage at all.

In Florida, Governor Ron DeSantis just signed into law a Republican bill that forbids cities in the state from mandating employers provide outdoor workers with “heat protections” including water. The legislation, largely written by agricultural industry lobbyists, also scales back child labor protections and forbids cities from instituting their own safeguards for children in the workplace.

In Iowa, a Republican majority in the state legislature wiped out public employees’ right to collectively bargain; it was signed by the state’s Republican governor with a new twist, mimicking a recent move by Florida’s DeSantis, making it illegal for the state to automatically deduct union wages from state workers’ paychecks.

These efforts are the tiniest tip of the iceberg: anti-worker legislation designed to keep working people poor has been passed repeatedly, in various forms, in every Republican-controlled state in the nation at the same time Republican legislatures in Red states compete to see who can lower taxes on their state’s rich people the most.

Which raises the question: Why?

When working people have more money in their pockets, they tend to spend almost all of it. Thus, as wages increase and more people move into the middle class, the result is almost always an economic stimulus to the state which raises both the revenues and the profits of businesses in that state.

We saw this nationwide in the 1940-1980 era when wages for working class people grew even faster than the income of the top 1 percent, and in multiple states and cities that have seen economic vitality grow after raising their minimum wage.

When workers have safety protections, they’re less likely to be injured, reducing costs of workman’s compensation, health insurance, and hiring replacements. When children are kept out of the workplace, they’re more likely to get an education and grow up with more opportunity and lifetime economic stability.

So, again, why are Republicans and the billionaires who own them so committed to gutting worker protections while increasing the wealth of the top one percent?

Could it be that these billionaire and multimillionaire CEOs are simply addicts who’ve developed an elaborate religious, political, and cultural rationalization for their addiction?

Science shows that acquiring wealth stimulates the pleasure/reward circuits in the brain’s ventromedial prefrontal cortex, just behind the eyes in the front-most part of the brain. Studies that map blood flow and electrical activity in the brain demonstrate that even anticipating money lights up this region, much like what happens when we’re presented with food or sex.

Sometimes we become aware of this.

I’m still haunted by the insight of a woman who called into my radio program about a year ago and noted that for most of her life she’d lived paycheck-to-paycheck but, because of some life circumstance (perhaps it was an inheritance: I don’t recall), she now has more money than she needs. She’s secure.

“And I find myself checking my bank balance every day,” she told me, as I recall. “I never did that before.”

She seemed troubled by her apparent newfound “love of money,” probably because so many Christians were raised to believe Paul when he wrote to Timothy: 

“For the love of money is the root of all evil: which, while some coveted after, they have … pierced themselves through with many sorrows.”

Jesus, of course, was history’s most famous socialist: he and his disciples shared everything they owned via a common purse. When a rich man asked him how to get to heaven, Jesus told him to sell everything he owned and give the money to the poor.

Not exactly a billionaire’s or CEO’s mantra.

Jesus notwithstanding, in our society we’re trained from childhood to respect and even worship great wealth. Cinderella is desperate to marry a rich prince. Brave knights serve their feudal lords and kings. Jack climbs his beanstalk and risks his life to steal a giant bag of gold coins.

We’re also trained by many of our religions to defer to wealth. Royal families have told their people for centuries that they rightly rule because it’s their god’s will.

Some British coins have the inscription “ELIZABETH II : D G REG : F D” on them, an abbreviation for the Latin Dei Gratia Regina Fidei Defensor which roughly translates to: 

“She rules [Britain] and defends the faith by the grace of God.” 

The American version of this comes via the followers of the 16th century protestant reformer John Calvin, who fled European religious persecution and populated the US east coast and western Michigan in the 17th and 18th centuries.

The big challenge of that pre-democracy era was determining how to create a consensus around who should run society, from business to governments. How to find the truly “good people” who’d make the right decisions for society?

Instead of salvation coming from confession or good works, Calvin taught, his god decided our social station before we were even born (predestination). As St. Paul wrote in Ephesians 1:4–6 and Calvin loved to quote, each of our fates was determined “before the foundation of the world.” 

Thus, Calvinists concluded, whoever has the most money must have the biggest measure of spiritual blessing, chosen by their god even before birth. And those with the most spiritual blessing should, of course, run things from companies to governments.

It’s a nice sales pitch for the morbidly rich, and our society revels in it to this day, if less consciously than in the era of kings and kingdoms. And it distracts us from the damage these wealthy people do to our society and our politics.

Just look at the deference we give to the very rich in our society, and how they’ve nearly completely taken over our political and economic system. Trump’s main claim to fame, for example, is his assertion that he’s “really rich,” which seems to thrill his cult followers. People treat billionaires like rock stars. See: Davos.

But, like Scrooge McDuck, many of these wealthy people are simply addicts, constantly seeking the dopamine rush of another million or billion dollars added to their money bins. To keep that wealthy growing, they make the most profitable investment available to truly rich Americans: they buy politicians who will cut their taxes and reduce regulatory costs for their companies.

The latest twist they’ve found, since five corrupt Republicans on the Supreme Court legalized political bribery, has been to buy judges themselves: both the Supreme Court, the federal judiciary, and state courts are now stacked with jurists hand-picked by servants of the morbidly rich for their deference to great wealth.

Addicts usually do a lot of damage before their compulsions are brought under control. In this case, these wealth and power addicts have ripped America apart, gutted the middle class, and have largely converted our democracy into oligarchy. Those wealth addicts in the fossil fuel industry are actively dooming all life on the planet to disaster just to increase their dopamine highs.

Years of research on addiction tell us that the first step to recovery is to deny addicts access to the substance that triggers their addiction. With substances like methadone, we’ve learned to allow addicts to stave off withdrawal in a way that prevents them from damaging society in their never-ending quest for another “hit.” 

From the 1930s to the 1980s, we used income tax brackets between 74% and 90% to keep the wealth junkies from damaging the rest of us.

It’s time to relearn that lesson and re-institute the societally protective tools that will minimize the damage the morbidly rich can inflict on the rest of us, including reversing Citizens United and returning to a top 74% tax rate on income over $5 million a year. 

Without taking these steps to protect American democracy, we can expect these addicts to continue to chip away at our democracy and keep pushing their bought-off stooges into power. 

With these steps, we can return our society and government to a semblance of stability and reinvigorate both democratic norms and a vital middle class.

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The “Purse Dog” A.G. and Governors Who Shoot Puppies

Lots to talk about as usual on Monday’s Halitics, when I join veteran radio man Hal Ginsberg, living on the other coast (East).We discuss shooting cats to impress Donald Trump, Bill Maher’s right-on New Rules commentary about our weak AG, Merrick Garland, Trump’s trials and travails (Biden has overtaken him in a lot of polling), and much more….

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Not Fans of S. Dakota Governor

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Can We All Get Along? Apparently Not

Sports betting, smartphones in school, campus demonstrations, Trump on trial…so much to talk about and only so much time to discuss them. Another Halitics videocast produced by Hal Ginsberg with me like we do every Monday. Can we all get along? asked Rodney King 33 years ago. It doesn’t appear so, Rodney.

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Conservative Judge Calls Out SCOTUS!

MSNBC: Former federal Judge J. Michael Luttig joins Ali Velshi to discuss his takeaways from this week’s Supreme Court oral arguments on former President Donald Trump’s presidential immunity claim, which many believe will lead to more delays in Trump’s federal criminal cases, and potentially impact the future of the presidency itself. “That this absurd argument is even being made before the Supreme Court is an embarrassment to the Constitution and to our country,” Judge Luttig says. Judge Luttig also criticizes the Supreme Court for avoiding the “straightforward, key question” about the case itself, and explains what decision he believes the justices are most likely to make.

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Is SCOTUS in on the Coup and Trying to End American Democracy?

By Thom Hartmann/ TheHartmannReport.com/ April 26, 2022

The simple reality is that conservatives throughout modern history have viewed democracy with a jaundiced eye, and the Supreme Court’s Republican appointees are no exception…

Many Americans are confused by the spectacle they heard (we couldn’t “witness” it because Republicans on the Supreme Court won’t allow their proceedings to be televised) yesterday as an attorney for Donald Trump, at least three different times in different ways, argued that Trump was above the law and should be treated as such.

Even more baffling was the apparent agreement with that position by at least four of the six Republicans on the Court. 

Every time the government’s attorney or the Democratic appointees on the Court tried to bring the discussion back to “calling balls and strikes in the case before us” (as Roberts said is all he’d ever do) the Republican appointees changed the subject, claiming they’re more concerned about “future presidents” than Trump. Right…

Associate Justice Sam Alito — who famously loves 16th century witch-burning judges and “unborn children” — went so far as to create a hypothetical in defense of Trump that turned reality on its head. Keep in mind, it is Trump, not Biden, who’s spent nearly four years trying to destabilize both our political and judicial systems. 

Nonetheless, Alito asked:

“If an incumbent who loses a very close, hotly contested election knows that a real possibility after leaving office is not that the president is going to be able to go off into a peaceful retirement, but that the president may be criminally prosecuted by a bitter political opponent, will that not lead us into a cycle that destabilizes the functioning of our country as a democracy?”

Say what? Jack Smith is a greater threat to democracy than Donald Trump?

Throughout the entire two-plus hours, Republican justices (with the possible exceptions of Amy Coney Barrett and John Roberts) implicitly supported Trump’s attempted coup (that Justice Thomas’ wife was in the middle of). 

Trump’s attorney argued — with the apparent agreement of four of the six Republican appointees — that if Trump were reelected he could assassinate people, stage a military coup, and sell America’s military secrets to Putin with no consequences whatsoever.

Which raises the vital question: why would they be so cavalier about Trump’s threat to our democracy? Is it just that Thomas and Alito want to retire and want their replacements selected by Trump instead of Biden? 

The simple reality is that conservatives throughout modern history have viewed democracy with a jaundiced eye, and the Supreme Court’s Republican appointees are no exception. To their minds democracy is fine when it puts them and their patrons in power, but when it fails at that it’s an impediment to wealth and power that must be circumnavigated.

As one of history’s most famous conservatives, England’s Edmund Burke, noted in the late 18th century, when people engaged in “servile” occupations like hairdresser or candle-maker are allowed to participate in democracy by voting, the state suffers “oppression” and is “at war with nature”:

“The occupation of a hairdresser or of a working tallow-chandler cannot be a matter of honour to any person — to say nothing of a number of other more servile employments. Such descriptions of men ought not to suffer oppression from the state; but the state suffers oppression if such as they, either individually or collectively, are permitted to rule. In this you think you are combating prejudice, but you are at war with nature.”

At the CPAC convention this past February, a well-known rightwing influencer, Jack Posobiec, went off on a rant about how important it is for conservatives to band together to end democracy in America and, presumably, replace it with Christofascism just like in Russia and Hungary.

“Welcome to the end of democracy!” he declared. “We’re here to overthrow it completely. We didn’t get all the way there on January 6th, but we will endeavor to get rid of it and replace it with this right here,” he added as he held up a cross.

This, frankly, should not be surprising. It was 1951 when Russell Kirk, the godfather of the modern conservative movement, published his book The Conservative Mind: From Burke to Eliot in which he laid out the importance of “classes and orders” in society. (I detailed Kirk extensively in The Hidden History of American Oligarchy.)

The middle class was growing like a weed back then — this was before Reagan kneecapped the labor movement — and Kirk warned that if too many people got into the middle class and were no longer “the fearful poor” that there would be chaos in America.

He warned that too much middle class wealth would mean that women would no longer fear and respect their husbands, racial minorities would forget their “rightful place” in the social order, young people would defy their parents, and society would generally go to hell.

Kirk’s solution, dictated back in the late 1700s by Burke himself, was to gut the middle class and return to the “normal” social form of a small number of really rich people at the top, a tiny middle class of doctors, lawyers, and professionals who served the rich, and a massive class of the working poor.

This was the Victorian world Charles Dickens wrote about in almost all of his novels, and, when the 1960s happened and women, students, and minorities rose up in protest, became the world that Reaganomics was established to return us to. 

“‘My little child!’ cried Bob [Cratchit in Dickens’ A Christmas Carol]. ‘My little child.’ He broke down all at once. ‘He couldn’t help it.’” … “‘It’s only once a year, sir,’ pleaded Bob.”

Re-impoverishing America’s working class families to avoid the dire consequences Burke and Kirk identified, Reagan declared war on unions, gave the rich massive tax cuts, gutted federal support for education (creating today’s student debt crisis), and started the GATT/NAFTA negotiations that led to over 50,000 factories and over 15 million good union jobs being shipped overseas.

Every Republican president since has doubled down on Reagan’s campaign to devastate both the American middle class and the democracy that once supported them: Bush and Trump added tens of trillions to our debt with their tax breaks for billionaires, all three Republican presidents since Reagan packed the courts with democracy-skeptical ideologues, and each has worked to enrich the wealthy while cutting aid and support to working class and poor Americans.

Gutting the middle class, eliminating the social safety net, and “restoring order” to society is still the conservative mantra, now heavily overlaid with racist tropes and rightwing Christian ideology.

So Posobiec’s proclamation that it’s time to replace democracy with strongman authoritarianism, and the endorsement of that worldview by Republicans on the Court with yesterday’s dog-and-pony show, is just another variation on Kirk’s and Burke’s distrust of what John Adams famously and angrily called “the rabble.”

This is not a new debate. 

Thomas Hobbes’ 1651 book Leviathan, often seen as a seminal origin document for the Enlightenment, argued that people should ultimately be able to govern themselves (thus establishing what Americans today call the “liberal” school of political science).

Leviathan also, however, articulated the foundation of the modern-day “conservative” worldview when Hobbes wrote that, lacking the iron fist of church and state, human societies and nations would invariably revert to their “natural” state:

“In such condition, … the life of man [is], solitary, poor, nasty, brutish, and short.”

One-hundred-three years after Hobbes published those words, Jean Jacques Rousseau rebutted him and established the intellectual basis used by the Founders of our American republic, arguing that the “natural state” of humankind is not violent and hierarchical but, rather, compassionate, egalitarian, and democratic.

The Founders and Framers of the Constitution agreed with Rousseau, and explicitly wanted to limit potentially monarchical powers of the presidency. At the Philadelphia Constitutional Convention in September of 1787, James Madison, noting that the Virginia constitution gave “some executive immunities related to the criminal process” to that state’s governor, asked the assembled delegates to “consider what privileges ought to be allowed to the Executive.”

Not a single delegate rose to defend the position; instead, Charles Pinckney called for an adjournment for the day. During an 1800 debate in the US Senate, Pinckney explained to his colleagues that “it was the design of the Constitution, and . . . not only its spirit, but letter . . . that it never was intended to give Congress, or either branch, any but specified, and those very limited, privileges indeed.” 

As Jack Smith noted in his written pleadings before the Supreme Court, “James Wilson told the Pennsylvania ratifying convention, the president was ‘far from being above the laws,’ and ‘not a single privilege [wa]s annexed to his character.’”

Tench Coxe, who I quoted extensively in The Hidden History of American Democracy, noted in a 1787 essay that it was the intention of the Founders that a president could be “proceeded against like any other man in the ordinary course of law.” And, indeed, when Vice President Aaron Burr fatally shot Alexander Hamilton in a duel, two different states brought murder indictments against him and not a single court objected or argued that the executive branch should have immunity from prosecution under criminal law. 

But don’t tell any of that to the Republicans on the Supreme Court.

From gutting both civil and voting rights, to kneecapping union rights, to helping George W. Bush steal the 2000 election that Al Gore won in Florida by more than 40,000 votes, the Court’s conservative majority has steadfastly held to the Burkean belief that too much democracy is a danger that can only be balanced by handing as much wealth and political power as possible to the morbidly rich.

Which is why expanding the Supreme Court and establishing a code of conduct for its members via a new Judiciary Act must become one of the first jobs of a second Biden administration. 

The fear of that happening, in fact, may well be one of the reasons why Republicans on the Court went so far out of their way to help Trump return to the White House via the delays they’ve inflicted on Jack Smith’s efforts to hold him to justice.

Trump’s attempted coup is nowhere near done: both the Republican Party and the Republicans on the Supreme Court are working as hard as they can to complete it and replace American democracy with naked oligarchy. 

To paraphrase Burke, when men and women who don’t trust democracy are given the power to regulate it to the benefit of themselves and their billionaire patrons, the nation itself suffers oppression and is at war with nature.

Pass it along. 

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Trump’s Trial, Biden and Gaza, and Bill Barr

My regular MondayYouTube videocast appearance on “Halitics” with Hal Ginsberg. We talk about the news of the day, or yesterday, or even tomorrow. Always plenty to talk about, especially now with Donald Trump feeling miserable about having to sit quietly in court! It appears to be taking a toll on the former president, who is looking older and more stressed than usual.

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Trump’s Amazing Gettysburg Address

What would Abraham Lincoln think of this former president’s take on History?

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The News Heats Up

Lots of important news for Hal Ginsberg and me to discuss and argue about. Trump goes on trial and Israel and Iran exchange weapon power. Here’s our weekly Monday YouTube videocast:

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On Whose Side Is the Judge?

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