Regulatory capture, money in politics, and a subcategory of legalized bribery, are just some of the mechanisms whereby the wealthy maintain laws favorable to themselves. The political process is ineffective in stopping the wealthy from continually coming back into power. This is why the Economic Inequality Rating App is so important. It circumvents the elite's wealth and political clout to change the laws creating high economic inequality.
Answer this rhetorical question for yourself, if you were a politician and two lobbyists were sitting in your waiting room, one with ten thousand dollars and the other with one million dollars, who would you want to speak to first?
Jessica just wrote an interesting post, (#13 under FirstRateCrowd's EIRA), that is relevant as to how the financial power of the wealthy can change the laws to suppress the will of the people and continue to reemerge at the top of the financial pyramid. (see her post to learn more about these mechanisms)
Political policy undergoes continuous erosion when it comes to correcting economic inequality. Money in politics and regulatory capture (including corporate capture) ensures the wealthy will always comeback into power. The Economic Inequality Rating App is a means to stop this insane never ending process.
Like Sisyphus of Greek mythology who was forced to roll an immense boulder up a hill only for it to roll down when it nears the top, repeating this action for eternity, it is the same with our political battle against the wealthy. For those of us who have lived many decades and have experienced this process first hand, we know the political process is a frustrating and demoralizing cyclic endeavor to control the power of the rich. It is said colloquially that power begets power, absolute power corrupts absolutely, and the rich get richer. So it has been forever.
There are levers of power that sustain this ongoing insane process. Here are just two such levers:
Money in Politics and Regulatory capture (and corporate capture)
Another lever of power to benefit the wealthy in creating laws favorable to themselves is a subcategory of money in politics; it is legalized bribery.
I was a lobbyist for more than 6 years. I quit. My conscience couldn’t take it anymore.
“The hypocrisy from both sides is staggering.”
By Jimmy Williams Updated Jan 5, 2018
https://www.vox.com/first-person/2017/6 ... y-politics
Today, most lobbyists are engaged in a system of bribery but it’s the legal kind, the kind that runs rampant in the corridors of Washington. It’s a system of sycophantic elected leaders expecting a campaign cash flow, and in return, industry, interest groups, and big labor are rewarded with what they want: legislation and rules that favor their constituencies.
Everyone in this country, from the left to the right, deserves a voice, and they should be heard loud and clear. If that means hiring a lobbyist to represent your point of view before Congress, awesomesauce. If that means you take to the streets, demand meetings and town halls with cowardly members of the House and Senate, or, better yet, run against them, I’m your biggest advocate.
But what I don’t support are Supreme Court rulings that have repeatedly told us money is an absolutely protected form of speech. A string of cases like Citizens United and others has opened the barn door to unlimited “dark money” campaign spending. Cases like Citizens gross me and most everyone else out because the result is the money in your politics becomes the voice in your politics. Americans’ right “to redress” comes at a cost, and if you don’t have the cash, chances are you’ll be ignored.
Bottom line: Those with the most money have the largest voices. Those with the least are rarely part of the process. That makes the legality of the practice of lobbying less relevant because it’s an uneven playing field.
The following videos help to clarify this concept.
Video: When Does Lobbying Become Bribery?
Video: Ryan Bribe, Income Inequality, Restaurant CEO, and Minimum Wage