What Happened in the 70s?
What happened in the 70s?
The data is clear that something happened in the 70s that had the effect of causing all of the new increases in annually produced wealth to be directed to the .09% ( .9 people out of every 1000 workers).
The .09% (or “OH-niners”) would have us believe that nothing is amiss and all is as should be.
I have been able to formulate what I think is a plausible reason, or cause, that the United States has developed the way it has, namely that the two political parties began secretly colluding with each other though bi-partisan legislation; and that they have secretly legislated many hidden subsidy regimes consisting of networks of small corporations in every US state that receive federal subsidies and that these shell corporations then contribute a percentage of the subsidy money back into the FEC system.
The first such hidden subsidy network that I had the misfortune of coming across professionally is described in the following link, referred to as Exhibit-L:
I produced this exhibit as part of a whistleblower complaint that I brought in the Dept. of Labor, under the SOX and CFPB statues, in 2018.
The network of “small telcos” described therein also appears on page 25 of the FEC analysis linked below, which details their political contributions.
Further, this network of small telcos is present in the FEC data going all the way back to the 1978 election cycle, when the electronic records first begin.
The FEC analysis shows additional networks of subsidized corporations (starting in the analysis section beginning pg 21). These networks of shell corporations appear to exist in every sector of the economy, oil, sugar, telecom, rail, insurance, publishing, travel, universities, for profit universities….
A key takeaway from this analysis that about 90% of non PAC donations to congresspersons come in the form of $500 - $2800 amounts from donors that are referred to as "large donors" (should be called “subsidized donors) and who are employed at these shell corporations or other corporations that are dependent on government contracts.
A second key takeaway is that the money passes through the individual congresspersons FEC accounts, and then they give most of the money they receive to the DCCC or RNCC, (which are centralized party FEC committees). These two committees then distribute approximately half of the money that enters the FEC system each year to a network of ~5000 state level FEC political committees.
This may be the key weakness in the system. It is only a very small amount of money (relatively speaking) each year. The DCCC and RNCC FEC committees only transfer about $1.5B per year to the state level committees.
This fact could be the Achilles heel of the system, like the garbage chute of the Death Star. As part of the initial pandemic bailouts there was bipartisan support for bailouts to non-profit organizations that make large contributions to the FEC system.
The fact that the Ds and Rs had to take this action may be a very important clue to an underlying weakness in the system. Congress would not have taken such a public and overt act if they were not forced to.
What I don’t understand yet, is why the money going to the state FEC committees seems so important. Does that money somehow entice a small but consistent group of primary voters who are affiliated with the parties to support the party candidate?
I think that many of our current problems stem from what has happened in the FEC system. The US government has 535 representatives, and the founding fathers set it up so that the representatives could and would act individually in their own interest to counter corruption.
Because of what has happened with the FEC system, the 535 representatives no longer act individually. They act collectively, as if our government was run by two single representatives, labeled R and D, and they have secretly been sleeping together for over 40 years, since at least the 1980 election cycle, when the FEC first began storing “donation” data online.