BERNIE SANDERS: "Ok, Jamie (Dimon): Let me clear things up for you."

[leftstreet]

Bernie Sanders
@BernieSanders
·19m
Ok, Jamie: Let me clear things up for you.

If my 5% wealth tax on billionaires was enacted you’d owe $135 million more in taxes & a family of 4 making $150,000 or less would receive a $12,000 payment.

Oh, and you’d still be worth more than $2.5 billion. Seems pretty fair to me.

Kilmeade: What do you say to people like Bernie Sanders who says billionaires don't pay their fair share?

Dimon: I don't know what he means by fair share

Link to tweet

?s=20

[yaesu]

1. As long as elite banksters run our lives and country this fascist fucked up country will alway be a cesspool. nt

[leftstreet]

2. Exactly

[UpInArms]

3. when the "media" quits allowing the billionaires the only microphone

and lets others hold the keys to the kingdom, they might actually find out some things

but, only the wealthy and well connected are allowed to speak and their opinions seem to become facts

[jfz9580m]

4. Christopher Ketcham had a piece tearing into Dimon

(Ketcham is awesome. He is one of a handful of journalists I follow aside from DU, since I kinda want to mostly ignore the world, but can’t entirely. I boost him and Yasha Levine any chance I get).

https://www.counterpunch.org/2024/03/08/clowns-to-the-left-of-me-fascists-to-the-right/

[Passages]

5. Sanders always gets right to it.

Dimon should be in jail, btw.

**One of the myths of the financial meltdown is that criminal activity did not occur at institutions like Merrill Lynch, because it lost billions. But as William K. Black explained in his book on the S&L crisis, The Best Way to Rob a Bank, Is to Own One. Or to “manage” one. Merrill had a bad case of control fraud where managers extract high bonuses and compensation while their institution is run into the ground and in-the-dark shareholders are defrauded by their own managers. New money from securitizations was used to enrich the “managers” who were in this sense “old investors.” Other “old investors” were the shareholders earning high dividends in investments in mortgage lenders and the officers of mortgage lenders that extracted high compensation from these imploding lenders.

https://www.tavakolistructuredfinance.com/fhfa-bank-fraud/

[leftstreet]

6. +1

Thanks for that