Big Government-Championing Leftists Are Big Business’ Best Friends – Opinion

Last week we wrote….

Decades of Our Corrupt System Has Created Today’s Gambling Culture:

“(T)he degradation gambling indicates is really that of America’s institutions.  Americans’ greater acceptance of — and penchant for — gambling and its risks has risen along with their distrust of America’s institutions….

“Our entire system is corrupt.  Americans have watched decades’ worth of ever-increasing cronyism between Big Government and Big Business — to the detriment of US.

“Wall Street — and government flunkies with no skills save for selling US out to the Street — grow ever richer.  While Main Street grows ever poorer….

“The American Dream — that hard, honest work will pay off — is nigh dead and gone.  The American People have lost faith in the American Dream.  Because America’s institutional corruption has given them absolutely no reason to believe in it.  If you aren’t on the rich Big inside, you are on the poor outside looking in.”

The day we published that, this was released….

Research shows the riches are reaping the greatest gains from global wealth.

Sometimes the Left has it right.

“Inequality has remained persistently high for decades, and a new report shows just how stark the divide is between the richest and poorest people on the planet.”

Big Government keeps getting bigger. It is therefore a more attractive target for Big Business bribes. This leads to Big Government being ever more corrupt. Lather, rinse, repeat….

The mid-1990s were a turning point in Big Government big-ism.

“Billionaires now hold a 3% share of global wealth, up from 1% in 1995.”

Global China Virus lockdowns accelerated the transformation. About which we warned way more than a year ago….

China Virus Scam Will be Used by Big Tech Companies to Overthrow America

Government has kept open Big Business – while locking down their Little Guy competitors.

The Biggest Government Attack on Small Business

“Small businesses have been pummeled by excessive and insane governmental lockdowns of the economy. Experts predict that one-third of small businesses will eventually close down, with hundreds of thousands already doing so.

“Meanwhile, Amazon’s sales increased 40 percent in the second quarter alone, while their stock price increased 97 percent. Apple was the first company publicly traded to reach a market capital of $2 trillion and generated nearly $60 billion revenue. Since the pandemic began, Facebook’s stock rocketed up 85 percent, Google’s by 50 percent, Netflix by 63 percent, and Microsoft by 57 percent. All saw their revenues greatly increase compared to last year’s numbers as well.”

So then this happens….

Billionaires Got 54% Richer During Pandemic

But even when the Left is right – it’s for all the wrong reasons…:

“The data serves as a complete rebuke of the trickle-down economic theory, which posits that cutting taxes on the rich will ‘trickle down’ to those below, with the cuts eventually benefiting everyone.”

The Left’s myopic fixation on tax policies leads to them missing much of the forest for the trees. They are also responsible for increasing inequality in wealth and the growing size of their regulatory programs.

These Big Business-helping Big Government Reg policies have been championed by the Left. Starting with the China Virus lockdowns – and working backwards. Oops.

Big Government is more hurtful than ever for the Little Guy. The Wealth Gap – between the rich and everyone else – is as big or as small as the government doing the damage.

The cost and burden of big government is prohibitive. Big Business has a far better capital and is more equipped than the Little Guy to deal with Big Government.

Big Business can hire lots of people to deal with Big Government’s massive regulations. The Little Guy gets buried by regs – and then buried in the Little Guy Graveyard.

Big Business never really objects to massive regs – and often ask for them. They know everything.

Big Business Loves Big Government:

“Consider the $15 minimum wage. It is often viewed as pro-worker. But big companies like Walmart, Costco and Amazon lobby in favor of it. Why?

“Because big business can afford robots. They are often not able to compete.

“‘Capitalism is a cutthroat thing….But this isn’t capitalism. When you turn to government to regulate your competitors out of business, that’s where we need to say this is wrong.’

“‘Maybe you’re too cynical….Maybe (Amazon boss Jeff) Bezos really just does want people to be paid more.’

“‘If Jeff Bezos wants people to be paid more…he can pay people more! But what Bezos is trying to do is outlaw competing business practices.’

Whether wittingly or unwittingly, the Left has long been helping Big Business – by demanding ever-expanding regs from Big Government.

To summarize: Only one Joe Biden Federal Communications Commission FCC (FCC) confirmation will be required to expand the regulatory authority of Big Government on the Internet.

Biden’s FCC Pick Will Be Instrumental in Net Neutrality Fight

Net Neutrality is horrendously bad policy – for which the Left has fought for decades.

Leftists Still Want to Return Net Neutrality

Who else would like Net Neutrality, you ask? Big Tech – made up of the biggest businesses in the history of the world.

A huge coalition led by Amazon and Microsoft takes a stand in favor of net neutrality

“A sizable coalition of technology companies has today taken a stand in favor of net neutrality in the form of a letter to the Federal Communications Commission. The group, led by giants including Amazon, eBay, Facebook, Google, Microsoft, Netflix, Twitter, and Yahoo….”

FCC Tells Apple It Supports Net Neutrality

Big Tech wants Net Neutrality. It is a huge Big Government cronyism. For which We the Little Guys will pay – naturally.

We’re About to Pay Billions More Per Year for Big Tech’s Latest Government Cronyism:

“Net Neutrality outlaws Internet Service Providers (ISPs) from charging Big Tech companies — Google, Facebook, Amazon, Twitter, etc — anything at all for all the Internet bandwidth they use. It is a lot of bandwidth that Big Tech companies consume.  This is a HUGE crony gift from Big Government to Big Tech….

“Government outlawing Big Tech being charged for the titanic bandwidth they use means we will be charged exponentially more for the tiny bandwidth we use.  Net Neutrality is government forcing us to mass-subsidize Big Tech.”

Oh! And on our phones, we pay the Universal Service Fund Tax (USF). An ever-increasing tax rate – raised automatically every quarter-year, and by FCC vote whenever they wish – of greater than 33.4%.  To pay government for wasting hundreds and billions of dollars pretending that it is connecting people to the Internet.

If the FCC reimposes the Title II regulatory regime while reimposing Net Neutrality – and they will?

Title II: The Key to Net Neutrality

Our Internet connection can also face the USF tax.

Except Big Tech doesn’t contribute to the USF fund. It doesn’t matter. Even though they are more benefited than any other person on this planet by being connected to the Internet,

Title II, Net Neutrality and Net Neutrality will increase the cost of Internet connectivity for We the Little Guys. (And then Big Government will spend hundreds of billions of additional dollars on Internet connections – because more people aren’t connected to the Internet.)

Title II, Net Neutrality and other similar programs provide DOUBLE cronyism in Big Tech. Net Neutrality means they don’t have to pay for their Internet connections. And because they don’t have to pay for their Internet connections – they won’t have to pay the monster USF tax when Big Government imposes it upon We the Little Guys.

These policies favor Big Business and Big Government, which the Left champions for a long time.

Because the Left has no idea of how the world works.