The Billionaires Club and Occupy Wall Street: Strange Bedfellows

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Pajamas Media
Oct 4, 2011

As progressives nationwide jump on board the Occupy Wall Street bandwagon, I visited the San Antonio “Occupy Wall Street” Facebook page to see what was going on in Texas. One of their commenters had posted a list of “11 Things the Wealthiest Americans Could Buy for the U.S.” MoveOn.org has a copy of the same poster as seen here.

The Billionaires Club and Occupy Wall Street: Strange Bedfellows 11things 177x300

The list was produced by United for a Fair Economy (UFE). One of their main projects is called “Responsible Wealth,” co-founded in 1997 by Bill “Planned Parenthood” Gates, Sr. They are self described as “advocates for economic justice” with “membership (is) open to those in the top five percent of U.S. income earners and asset holders…” The page also quoted Bill Gates, Sr.:

American society has made it possible for [wealthy] individuals to have an elegant life, first class education, and virtually unlimited options about where to go and what to do. Society does have a just claim on these fortunes, and it goes by the name of the Estate Tax.

You may remember some of the big players involved at the time, as they proudly shared the headlines of the day in their April 2001 newsletter:

The Philadelphia Inquirer called it “The Shot Heard ‘Round the Country Club.” The Los Angeles Times front page headline proclaimed “Drive to Kill Estate Tax Loses Steam.” Every major news organization reported the news: Bill Gates, Sr., George Soros, and several members of the Rockefeller family had joined with Responsible Wealth members in issuing a public “Call to Preserve the Estate Tax.”

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  • The Billionaires Club and Occupy Wall Street: Strange Bedfellows

Needless to say, Warren Buffett is part of the Responsible Wealth/UFE as well, along with the aforementioned Soros and Rockefellers.

Gates, Sr. and co-founder Chuck Collins spoke with PBS’ Bill Moyers about their movement in 2001:

“There’s a campaign to restore the inheritance tax. And it’s being led, believe it or not, by some of the country’s richest people including Bill Gates, Sr., the patriarch of the Gates family who heads the Bill and Melinda Gates Foundation, and Chuck Collins, an heir to the Oscar Meyer fortune who founded the organization called Responsible Wealth.”

COLLINS: “We believe that people who accumulate great wealth also have been lucky, have had the benefit of growing up and living in the United States, and have benefited from this enormous public investment.

One of our leaders in Responsible Wealth was standing next to President Clinton when he vetoed the repeal of the estate tax and he said, look, I grew up in New York City, I went to public schools and public libraries and museums. Someone else paid for those.

I went to a college; someone else paid for that. I went into the technology field, a whole infrastructure that had been built with public investment that someone else had paid for. I started a company and I hired professional people who had been trained through a subsidized education system. And I made $40 million. And you’re telling me society doesn’t have a claim on my wealth? You know… “

Wow, that sounds exactly like the philosophy of Elizabeth Warren. What are the odds?

Full article here


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One Response to “The Billionaires Club and Occupy Wall Street: Strange Bedfellows”

  1. Good, Tax em !

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