Thursday, April 17, 2014

Who Are the Koch Brothers and What Do They Want?

The Koch brothers are the second wealthiest family in America, making most of their money in the fossil fuel industry. According to Forbes Magazine, they saw their wealth increase last year from $68 billion to $80 billion. In other words, under the "anti-business", "socialist" and "oppressive" Obama administration, their wealth went up by $12 billion in one year.

In their 2012 campaigns, Barack Obama and Mitt Romney each spent a little more than $1 billion. For the Koch brothers, spending more than Obama and Romney combined would be a drop in their bucket. They would hardly miss the few billion dollars.

Given the reality that the Koch brothers are now the most important and powerful players in American politics, it is important to know what they want and what their agenda is.

It is not widely known that David Koch was the Libertarian Party vice-presidential candidate in 1980. He believed that Ronald Reagan was much too liberal. Despite Mr. Koch putting a substantial sum of money into the campaign, his ticket only received 1 percent of the vote. Most Americans thought the Libertarian Party platform of 1980 was extremist and way out of touch with what the American people wanted and needed.

Fast-forward 34 years and the most significant reality of modern politics is how successful David Koch and like-minded billionaires have been in moving the Republican Party to the extreme right. Amazingly, much of what was considered "extremist" and "kooky" in 1980 has become part of today's mainstream Republican thinking.

Let me give you just a few examples:

In 1980, Libertarian vice-presidential candidate David Koch ran on a platform that called for abolishing the minimum wage.

In 1980, the platform of David Koch's Libertarian Party favored "the abolition of Medicare and Medicaid programs."

In 1980, the platform of David Koch's Libertarian Party called for "the repeal of the fraudulent, virtually bankrupt, and increasingly oppressive Social Security system."

In 1980, David Koch's Libertarian Party platform stated "We oppose all personal and corporate income taxation, including capital gains taxes ... We support the eventual repeal of all taxation ... As an interim measure, all criminal and civil sanctions against tax evasion should be terminated immediately.

The truth is that the agenda of the Koch brothers is to move this country from a democratic society with a strong middle class to an oligarchic form of society in which the economic and political life of the nation are controlled by a handful of billionaire families.

http://www.huffingtonpost.com/rep-bernie-sanders/who-are-the-koch-brothers_b_5165995.html

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