And speaking of class warriors, Rachel Anspach has a good piece on the Republican One Percenter, Bruce Rauner, including:
Rauner’s stance on financial issues is in line with his own interests–Rauner’s wealth is estimated at $500 million. He made around $53 million in 2012 alone. And it is not clear where much of the income at his private equity firm in Winnetka came from; although he has run into criticism for his company’s deals with nursing homes, which were sued multiple times for patient neglect and wrongful death.
Although Rauner has flip-flopped on the issue, he originally stated that he was in favor of lowering Illinois’ minimum wage to the federal level of $7.25–a stance that is quite rich coming from someone who made over half-a-billion dollars in one year. Thus, his election could devastate the legislature’s current opportunity to raise the state’s minimum wage to $10.65. At the same time as he supports further squeezing the working class, Rauner wants to lower the state’s personal and corporate income taxes, and is against a implementing a graduated income tax. Increasing the minimum wage would inject more cash into the economy, as those at the bottom of the income spectrum spend most of their income. On the other hand, lowering the tax rate on the wealthy would only put more money into their pockets while increasing our state’s budget woes.
Rauner constantly touts his business experience as enabling him to address the state’s budget issues. Yet he has offered little in the way of specifics (beyond cutting taxes, which clearly will not help budget shortfalls). A state is not a company, and the Republican claim that being a CEO prepares one to run a government has become trite and tired. The purpose of government is not just to turn a profit; it is also to govern in a way that maximizes the human rights of all.
(click here to continue reading The 99 Percent in Illinois Cannot Afford Bruce Rauner as Governor – Gapers Block Mechanics | Chicago.)
Sadly, Pat Quinn, the incumbent Democratic Governor, is in real danger of losing to this Mitt Romney clone. For the sake of Illinois, I hope that doesn’t happen, but Quinn is tepid dishwater, at best, so he might very well lose.
As mentioned by Ms. Anspach above, running a company, especially a private equity firm, has next to zero similarity to running a government. You can’t just fire your non-productive citizens, sell off your troubled bridges and other assets, and make Wall Street happy. Governments don’t work that way.
You ran one of Chicago’s biggest private equity firms, GTCR, for years. How does that prepare you to be governor? Being a successful CEO, where I’ve driven a bottom line, assembled teams, driven results, that’s a critical benefit to running the state government. A CEO’s job is leadership, problem solving, and team building. I’ve done that my whole career.
(click here to continue reading Bruce Rauner Answers 13 Questions on Running for Governor of Illinois | Chicago magazine | June 2013.)
Sometimes I forget that the Chicago Tribune is a Republican-friendly newspaper. On many topics, they are decent source of non-biased news, but every so often, the visage slips. Last Friday, the print edition of the Chicago Tribune had this inflammatory headline:
“Democrats up class war ante”
The online version available today has slightly toned down the headline, but not much
Illinois Democrats went all-in Thursday with their election-year class warfare theme as Speaker Michael Madigan pitched the idea of asking voters to raise taxes on millionaires, Senate President John Cullerton advanced a minimum-wage increase and Gov. Pat Quinn compared wealthy opponent Bruce Rauner to TV villain Mr. Burns.
(click here to continue reading Illinois Democrats go all-in on class warfare theme – Chicago Tribune.)
Either way, calling Democratic Party initiatives to reduce income inequality, slightly, as class warfare is offensive, and straight out of Frank Luntz’s dictionary. Circa 2008, Frank Luntz started labeling every economic-related Democratic Party position “class warfare” whether or not it actually applies.1 Raising the tax on millionaires isn’t going to bankrupt the millionaires. Increasing the minimum wage isn’t going to force Bruce Rauner to sell off one of his many, many mansions. No Democratic politician is calling for the guillotine to be rolled out, though plenty of us peons chuckle at the idea.
As Senator Bernie Sanders has been saying for many years, the real class warfare is being waged ruthlessly by the 1% on the rest of us. Focusing on tax breaks for corporations, flat tax proposals, allowing someone like Mitt Romney (or Bruce Rauner) to pay tiny amounts of income tax; these are tools of the rich, these are actual battles of class warfare. Cutting food stamps is class warfare, cutting education assistance is class warfare, cutting Social Security is class warfare, eliminating the minimum wage is class warfare, you could make a big, long list.
“What kind of nation are we when we give tax breaks to millionaires but we can’t take care of the elderly and the children?” Sen. Bernie Sanders asked on Monday. He was reacting to a new report that more than 18 percent of Americans last year struggled to afford food. Republicans in Congress, meanwhile, are calling for deeper and deeper cuts in food stamps, a program that provides help mostly to children and seniors. We are living in “a very ugly moment,” the senator told the Rev. Al Sharpton.
Later Sen. Sanders ripped Republicans for claiming that the problem is that children get too much help from the federal government, “These are the same people who want to eliminate the estate tax, which applies to only the top three tenths of one percent of all Americans, which is the richest of the rich, then they are going after kids. The politics of this, Al, is what they are trying to do is deflect attention away from income and wealth inequality. Attention away from the fact that the rich are doing extraordinarily well, and tell their supporters that the real problem in America is that children are getting too much help from the federal government, and that’s the kind of mentality that we have got to fight back against.”
(click here to continue reading Paul Ryan Quivers as Bernie Sanders Outs the Dirty Secret Behind His Poverty Propaganda.)
Speaking of wealthy class warriors, check out this list (from the Tribune, in fact) of some of the properties that the Republican candidate for Governor of Illinois, Bruce Rauner, owns
There’s the 6,870-square-foot Rauner mansion on a half-acre lot in Winnetka; two units, including a penthouse, in a luxury high-rise overlooking Millennium Park; a waterfront villa in the Florida Keys with a 72-foot-long pool; ranches in Montana and Wyoming; and a condo in an upscale Utah ski resort.
Most carry price tags well into the seven figures. But topping the list is a penthouse in a landmark co-op building along New York’s Central Park, which property records show Rauner bought in 2005 for $10 million.
Rauner has amassed a larger stable of high-end residences than Mitt Romney, the 2012 GOP presidential nominee whose plentiful and opulent homes lent ammunition to foes who portrayed him as an out-of-touch elitist.
Rauner dismisses any such comparison to Romney…
Rauner said he likes recreational properties where he can practice land or water conservation. He often buys and pastes parcels together in areas he thinks are beautiful to “have an investment that appreciates over a 20- to 30-year period.”
That includes his property in Wyoming, he said, where he grows barley, alfalfa and winter wheat.
When he takes his family West, they most often go to his New Moon Ranch in Livingston, Mont., near Yellowstone National Park. It sits on hundreds of acres of grazing and cropland and includes a nearly 6,000-square-foot home, according to property records. It has five bedrooms and four baths and is currently valued by the Park County, Mont., assessor at $2.2 million.
In the winter, Rauner and his wife, Diana, have their pick of both hot and cold weather getaways. For snow sports they have a condominium in the luxury Deer Valley Resort in Park City, Utah, east of Salt Lake City, purchased in 2003 and currently valued by the assessor there at $1.75 million.
The Rauners also own an oceanfront home in Key Largo, Fla., currently worth almost $7 million, according to property records there. It has a private boat dock, four bedrooms, four baths, 5,370 square feet of ground-floor living space and a patio nearly half that size.
The Rauners also have a New York penthouse on Central Park in a century-old Beaux Arts style building known as The Prasada. They paid $10 million for it eight years ago. A billionaire neighbor recently put the adjoining penthouse up for sale and is asking $48 million, according to realty postings.
In Illinois, Rauner holds title to three homes in Cook County, including two condominium units on East Randolph Street. Records show Rauner paid more than $1.2 million for the smaller unit in late 2008, where one of his daughters now lives.
The Rauners bought the penthouse unit a couple of months earlier, in August 2008, for $4 million, according to county records. …
The Rauners still own their Winnetka house and consider it their primary residence. Its current market value is estimated at $3.3 million by the Cook County assessor’s office.
(click here to continue reading Bruce Rauner has many million-dollar homes and a campaign that touts frugality – Chicago Tribune.)Footnotes:
- I’m not sure Frank Luntz is the first to use this talking point, but he came up with Death Tax, and other Republican “hits”, so it stands to reason [↩]