We lost our planned guest this afternoon for today's BradCast to either COVID or flu. (A good chance to remind you: get your shots!) But that afforded us the opportunity to dig into a few important items/warnings we've been hoping to get to. [Audio link to full show follows this summary.]

As of Monday afternoon, Washington Post has reportedly lost more than 200,000 digital subscribers --- described as a "colossal number" or about 10% of its subscriber base --- following billionaire owner Jeff Bezos' cowardly decision last Friday to spike the legendary paper's planned Editorial Board endorsement of Kamala Harris just days before this year's Presidential election.

While the cost to the already-struggling paper's bottom line comes at an enormous price to journalism, its Amazon-founder owner --- whose aerospace company also has huge contracts with the federal government --- is likely to simply write off those subscriber losses as pocket change. His real goal, according to virtually all coverage of the sad affair, was likely to stay on the right side of a vengeful, petulant, former, and perhaps near-future, President of the United States in Donald Trump.

In fact, the whole sordid affair (coupled with the billionaire owner of the Los Angeles Times doing the same thing last week at around the same time), probably worked to the political benefit of Vice President Harris. But the shockwave warning it sent to all of us --- as also discussed on yesterday's program --- regarding how it revealed to American voters "what life under a dictator would feel like" remains impossible to ignore. It also offered a repeat of the valuable lesson from Yale's Timothy Snyder, an expert on tyrannical regimes, who warns "Do not obey in advance. Most of the power of authoritarianism is freely given. In times like these, individuals think ahead about what a more repressive government will want, and then offer themselves without being asked. A citizen who adapts in this way is teaching power what it can do."

Longtime Russia expert, and former Trump Administration official, Fiona Hill adds to those warnings today, in a detailed interview with Politico Magazine, explaining how great nations slip into authoritarianism when control of newspapers and other media outlets is taken over by billionaires who behave more like oligarchs, as they try to please strongman leaders. It explains why both Trump and Twitter/X owner Elon Musk are now reportedly in regular contact with Russian strongman Vladimir Putin, and why cowards like Bezos (and Musk and L.A. Times' owner Patrick Soon-Shiong) seek to be in the incredibly exclusive oligarchic club approved by --- and at the beck-and-call of --- "the big guy".

None of it, Hill also warns, ends up working out well for the "ordinary people" who supported the strongman in the first place, as a perceived solution to perceived woes, as "ordinary people" are subsequently broken down into various categorical groups (by religion, social status, professions, etc.) who are then set against each other by the strongman.

"In Russia," explains Hill, "for many years, there was a general feeling that Putin was leaving ordinary people alone. The ordinary person is not being left alone anymore. They're being sent to war. They are being repressed. Somebody who supports Trump today and thinks that he's their champion could very easily be on the other end of the spectrum tomorrow --- they could go from being a supporter of Trump to somebody who Trump sees as an opponent, just by being in the wrong category of people, or by saying or doing something publicly that he doesn't like."

"Speech that now seems free and unfettered on X [Twitter], or anywhere else on the internet, or even privately to a friend, could easily be turned against you. That's happened over and over again in Russia and in many other settings," she says, before Politico asks: "How close are we to that in the United States?"

Hill's chilling answer: "We're one election away."

The cowardice of the Post and LA Times' owners today (as well as the last minute loss of our guest), also affords an excuse to highlight the piece from the New York Times Editorial Board which was not forced to pull their punches over the weekend. They published a stark, must-read, multimedia editorial headlined (as splashed across the entire front page of their Sunday Opinion section): "DONALD TRUMP SAYS HE WILL PROSECUTE HIS ENEMIES ORDER MASS DEPORTATIONS USE SOLDIERS AGAINST CITIZENS ABANDON ALLIES PLAY POLITICS WITH DISASTERS BELIEVE HIM."

Today, we step through the case they make as to why American should believe him on each and all of those points, based not only on his behavior during his first term in office, but what we have learned, and what he has learned --- and what he has repeatedly promised --- since then.

Finally, Desi Doyen joins us for our latest Green News Report, with still more on the choice that voters face this year in the Presidential election, in this case as it pertains to environment and energy policy of the two major candidates, and the crushing cost to the U.S. economy that will come with Trump's promised "brown new deal"...

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On today's BradCast: Bob Woodward and Carl Bernstein would be weeping in their graves --- but they're still alive and joining many of us in calling out WaPo's cowardly billionaire owner today for kowtowing to a wannabe dictator who's not even in office yet. Thus is the shameful price --- and cost to American democracy and Freedom of the Press --- of American Oligarchy, 2024-style. [Audio link to full show follows below.]

Among our stories today, before opening up our phone lines for listeners to "endorse" the Presidential candidate of their choosing, just one week before Election Day in arguably one of the most critical elections in U.S. history...

• Last week, more than 20 absentee ballots were burned in an apparent case of arson inside of a U.S. Postal Service collection box in Phoenix, in the battleground state of Arizona. Today, hundreds of ballots were burned in a ballot drop-box in Democratic-leaning Vancouver, Washington as well as Democratic-leaning Portland, Oregon. The FBI is investigating and local law enforcement report they have identified a "suspect vehicle" thought to be connected to the incendiary devices used in both cases in the early A.M. hours on Monday.

• Last week, Donald Trump-supporting billionaire Elon Musk, the richest many on Earth, kicked off a "lottery" where registered voters in battleground states who sign his pledge would become eligible for a one million dollar give-away each day before next Tuesday's Election Day. The DoJ subsequently warned Musk that the stunt was likely an unlawful vote-buying scheme under federal law. On Monday, the Philadelphia District Attorney sued Musk for running what he is describing as an unlawful lottery in violation of Pennsylvania law.

• On Friday, the Washington Post --- with the now-laughable tagline "Democracy Dies in Darkness" --- announced it would not be making an endorsement in the Presidential race for the first time in nearly 50 years. It's billionaire owner, Amazon founder Jeff Bezos --- whose space travel company has billions of dollars of contracts with the federal government --- was reportedly behind the decision that undercut the legendary Watergate paper's own Editorial Board that was set to endorse Kamala Harris. The decision came just after the billionaire owner of the Los Angeles Times --- who happens to be a close friend of Elon Musk --- forced that paper to do the same. It is what noted U.S. fascism expert Timothy Snyder describes in his landmark 2017 book, On Tyranny, as "obeying in advance," which he strongly warns against as "Lesson One" when fascists threaten to take power. Will Bunch of the Philadelphia Inquirer also has a few thoughts in response about the "billionaire cowards" at the two papers who are already "showing what life under a dictator is really like", even before Donald Trump's becomes President again (if he ever does.)

• With all of that in mind --- and a few more stories of note here or there --- we open up our phones for listeners to make their own endorsements today on air in this year's election. That, because The BradCast and our many affiliate stations --- many associated with the Pacifica Radio Network, founded in 1946 to, specifically, stand up against then-rising fascism --- are not owned, run or controlled in any way by billionaires or their corporations. The result: a lot of calls today, with endorsements for Harris, Trump and --- because our live-listener base largely draws from KPFK, our very left-ish flagship station here in Los Angeles --- for the Green Party's Jill Stein, as a protest vote against the Biden-Harris Administration's position on Israel. (Never mind how much worse a Trump Administration would be on the same issue...which leads to a few very lively conversations with listeners today!) Please tune in!...

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It is nothing short of reckless, from the perspective of national security, to allow any individual or private corporation to maintain monopoly ownership and control over a global Internet satellite communications system.

Nonetheless, today, courtesy of launch licenses issued by the Federal Aviation Agency (FAA), the world's richest man, Elon Musk --- net worth $273.5 billion --- has amassed monopoly control via Starlink, a global Internet communication system that owns and operates more than 6,300 satellites.

Haven't we --- almost literally --- seen this movie before? And does it ever end well?

The scope of this non-fictional threat is by no means confined to the enormity of Musk's wealth. As The Atlantic's Marina Koren astutely observed in "Elon Musk Has the 'Off Switch'", the combination of ownership and control over X (formerly Twitter) and Starlink has enabled Musk to wield "unprecedented power." And we've already experienced an instance in which Musk, who reportedly "regularly communicates" with the Russian dictator, Vladimir Putin, has utilized that "unprecedented power" to undermine a core component of U.S. foreign policy...

Today on The BradCast: Sure, the supply chain was, and occasionally still is, a problem. So is Russia's war on Ukraine, obviously. But it's the greed of billionaires and the cowardice (or corruption) of public officials to do anything about that greed in this country that must be turned around in order to save the U.S. [Audio link to full show is posted below this summary.]

But, first, speaking of corruption...New numbers out today from the Labor Department suggest that inflation may have peaked before April. As the Times alerted today, "Inflation moderated slightly in April, though the 8.3% annual gain in U.S. consumer prices remained uncomfortably high." As AP trumpeted in its breaking news iPhone alert: "U.S. inflation slowed slightly last month, a tentative sign that prices may be peaking while still imposing a financial strain on American households." Reuters: "U.S. consumer price growth slowed sharply to 0.3% in April, suggesting that inflation may have peaked." They were all similar....Well, except for Fox "News": "Inflation higher than expected in April, holding near 40-year high."

And you wonder why Rightwingers are so angry? It's still the Fox "News", stupid.

And speaking of stupid...Midterm primaries were held in Nebraska and West Virginia on Tuesday. (Happily, unlike in Ohio last week, we saw no reports of voting problems or voting system breakdowns, so far.) As you may have noticed, pretty much every news report about Tuesday's results focused on what they mean for Donald Trump and his party and the candidates he endorsed. The incumbent U.S. House member that Trump endorsed in WV who ran for the GOP nomination against another incumbent U.S. House member who voted for Joe Biden's bipartisan infrastructure bill won on Tuesday. Kingmaker Trump's power over the party is still strong! But the 8-time accused sexual harasser that Trump endorsed and stumped for in NE's GOP Gubernatorial primary lost. Trump's influence may be faltering!

As we discuss today, that framing by the corporate media --- reporting on these critical elections through the lens of Trump --- is wildly unhelpful and ill-serves the public at a time when democracy itself is on the line this November (and in 2024). It's not about Trump. He's already captured and broken the party. And that is true if he drops dead tomorrow and Ron DeSantis --- or anyone else --- takes his place. The damage is done. So, how can we fix it? Much more on that on today's show.

And speaking of failures all around... as the nation's death toll from COVID hits a staggering 1 million... The nation's corporations and rich people are doing just fine, thanks.

Big Oil continues to raise prices at the pump for consumers by pretending that its caused by post-pandemic supply chain issues and the war in Ukraine, even as they continue to rake in record profits (not revenue, but profits) in recent months. The profiteering --- under the guise of supply chain-induced "inflation" --- is also seen in other industries, of course, including the food industry, as well as the apparel business. In their latest reports on the industry profiteering, Accountable.us President Kyle Herrig appropriately derides "the industries most unapologetic about charging their customers more during a fragile economic recovery, apparently just because they can." And they can, because we let them develop monopolies and near-monopolies so there is little or no price competition left in the "free market".

And then there are the the nation's 727 billionaires whose growth in net worth over the two-plus years of the pandemic --- while you were struggling to stay employed, housed and fed --- is up $1.71 trillion from March 2020 to May 2022. That's a gain of more than the entire annual GDP of Canada for just those 727 U.S. billionaires. The biggest winner seems to have been Elon Musk, whose personal wealth was valued at just under $25 billion in March of 2020. Now, after two years of a pandemic economy, his wealth is said to be $255 billion as of the beginning of this month.

How did that happen? Why did that happen? What can and should be done about it? And does anyone in D.C. --- any one, from any party --- have the courage and ability to lead the nation to do anything about it?

All of those questions and more are answered today by our guest, OMAR OCAMPO of the Institute for Policy Studies' Program on Inequality and the Common Good, who asks today, "What about the rest of us? The median income, comparing 2020 to 2021, for your average U.S. worker has actually decreased by $2,000. And our median household wealth, comparing 2019 to 2001, has actually decreased. So yes, when you look at it by income or wealth percentile, it has been the top 10%, but especially the top 1%, that have seen impressive gains."

Ocampo helps explain how it happened, and what steps can and must be made to reverse this obscene continuing trend. Among the policy ideas discussed --- several of which have long been pushed by members of the progressive caucus in Congress --- a wealth tax on the assets of the richest Americans; partial student loan forgiveness; establishing a federal Commission on Profiteering, empowered with the ability to claw back some of what has been robbed from American consumers; strengthening organized labor and democracy itself.

And, yes, he explains, that will mean voting for more Democrats in Congress and at all levels of government. Hopefully good ones. Or this is going to continue to get much, much worse.

"The Republicans, from an ideological perspective, they are not interested in having some type of government intervention in order to solve societal problems," Ocampo charges. "They normally pivot towards philanthropy. But now is not the time to pivot to philanthropy, mainly because philanthropy does not scale, and it also denies public accountability for social problems or things that have to deal with the public good. So issues that affect the public should involve public input, and it should be carried out by democratic institutions."

"Economic inequality translates into political inequality. And the greater your material resources, the greater your access to participate in the state," he tells me. "This is very detrimental to democracy, because it makes the democratic institutions unresponsive to what the majority wants. The majority wants increased taxes on the wealthy, but it never seems to happen. That's probably because of their influence they have on both political parties."

"Elections matter, and to alleviate, especially in the short term, it would be best to elect Democrats. Because there is a section of the Democratic Party, specifically those that self-identify as progressives, who care about wealth inequality and know that it has distorting effects across our whole society."

Finally today, speaking of things getting much worse... Democrats held a show vote in the U.S. Senate to codify abortion rights (the Constitutional freedoms about to be taken away by the stolen and packed U.S. Supreme Court) after the Women's Health Protect Act was already passed by Democrats in the House. As expected, all Republicans and Joe Manchin voted against it, so the measure failed to reach the 60 votes necessary to do almost anything in the undemocratic Senate.

And, also breaking during today's program, an insane, corrupted federal appeals court in California decided that the state's law restricting the purchase of semi-automatic firearms to those 21 or older is a violation of the Constitution's 2nd Amendment. So, yup, apparently 12-year olds in CA can now buy semi-automatic weapons! Have fun, kids!

Did I mention we need more democracy and fewer corrupted federal judges? Yeah, that also comes with voting. Please get busy. Thanks...

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On today's BradCast: We're nearly two years into this seemingly endless pandemic. If you happen to teach at a college or university in a "blue" state and have been vaccinated, you can probably go to work each day feeling relatively safe. If you work at a "red" state university, however, the story is very different. That, of course, is thanks to the twisted politics of our former President and those who either fear his wrath or have been brain-poisoned enough to put their own families and communities at risk because of it. [Audio link to full show follows this summary.]

But, first up --- mostly for Desi and other Trekkers like her --- we spend a few minutes on William "Captain Kirk" Shatner after he oldly went were a few have gone before. But while Shatner got a free ride to the edge of space for three minutes on Wednesday, courtesy of Jeff Bezos, it only serves as a reminder of the many essential, working class grunts who actually paid for his trip. On the other hand, some of Shatner's remarks upon return to Earth also remind us of our fragile climate and thin blue atmosphere that keeps us alive, even as we treat it like a garbage dump.

Speaking of essential workers, new data from the Labor Department this week reveals many are quitting their jobs in droves, particularly those forced to come face-to-face with an angry, frequently privileged, sometimes violent, often mask-free public right now in low-wage service jobs at bars, restaurants, hotels and retail outlets. The record number of workers quitting to look for better working conditions in August comes as businesses are struggling to find workers, with some employers --- gasp! --- forced to offer higher wages and benefits to stay in business.

But while it may be easy enough to leave one bartender job for a better one at an establishment that takes better care of its workers, it's not quite as easy for those who teach at colleges and universities. We've all seen endless videos of furious parents at local school board meetings, threatening school officials if they dare institute mask mandates to help keep teachers and children --- and their furious parents --- safe. But we've heard less about higher education faculty whose institutions, often in Republican-leaning states, find themselves at the mercy of GOP Governors mandating anti-masking rules or state-run boards (often controlled by the same rightwing politicos) who refuse to hear the pleas of college and university students and faculty alike.

Late last month, for example, more than 50 faculty members at the University of Georgia, many with expertise in the study of infectious diseases, signed a faculty statement declaring: "In order to protect our students, staff and faculty colleagues, we will wear masks and will require all of our students and staff to wear masks in our classes and laboratories until local community transmission rates improve, despite the ban on mask mandates and the USG [University System of Georgia] policy to punish, and potentially fire, any faculty taking this action."

We're joined today by DR. MATTHEW BOEDY, Associate Professor of Rhetoric and Composition at the University of North Georgia in Gainesville. He also serves as the Georgia chapter President of the American Association of University Professors (AAUP), where eight national chapters recently urged the federal government to step in to help keep faculty and students safe at public universities were Governors and school boards will not.

The USG is governed in the Peach State by the Board of Regents, many of whom are appointed by the sitting Republican Governor. "They generally follow the Governor's wishes in terms of policies," Boedy explains. But last year, "they pushed him aside and gave us a mask mandate when Gov. Brian Kemp said he didn't want any mask mandates." The rule was repealed in June, however, as the pandemic momentarily ebbed. "Then Delta came, and we desperately needed [another mask mandate], and they refused to have one because they weren't going to push aside the Governor a second time, especially in terms of how heated it has gotten. The Governor, of course, has banned mask mandates around the state."

As an expert in rhetoric, I asked about the irony of Republicans opposing mandates by instituting mandates against mandates. "The groups on the right and politicians on the right will use words in opposite of their intended meaning or their usual meaning to get what they want. They don't like mandates, but they'll push mandates in another way. It is truly cognitive dissonance," Boedy asserts. "And it just shows that this is not driven by science, it's not driven by common sense. It's not even driven by any type of logic that I can follow, because if you speak to these people, they just change in any direction that is against what you're saying. "

"As a rhetoric teacher," he continues, "I'm teaching a class on misinformation, and I'm doing it for this reason. It's just really difficult to get beyond the cognitive dissonance, and I'm trying to teach people not just to recognize it but to find rhetorical ways to persuade people who seem to not want to be persuaded." We wish him luck.

In the meantime, Boedy also details the actions that the AAUP has taken to try and get help for "red" state universities from government officials and the responses they've received from elected officials both at the state and federal level. He notes that in a state where "collective bargaining is barred by state law," they don't have unionized power behind them, but they had considered walkouts anyway, before deciding against it. At least for now. "We didn't want to punish our students for the deplorable actions of our university administration.  We didn't want to walk out. We didn't want to stop class. We didn't want to add to the punishment their getting with the lack of masks," he says. "What we're trying to do is keep up public pressure --- I call it a public shaming of our university leaders --- and hopefully, they respond. So far, sadly, they have not."

Boedy says, however, that they may get some help from the Biden Administration's Department of Education. In the meantime, we happened to catch him on "a dark day" for higher education in Georgia. On Wednesday, the Board of Regents made conditions arguably worse for professors in the University of Georgia System, as they voted on Wednesday to approve a new tenure policy allowing tenured professors to be fired without faculty input. "What we have now is tenure in name only," Boedy explains. "They erased the due process protections for a particular group of professors, ending tenure protections for them. So, the dominoes can certainly fall after that to the rest of us. But it is, yes, the death of tenure and due process in Georgia."

Finally, after a week or two of reporting on the recent oil spill off the coast of Southern California in Orange County on this show, some much brighter, somewhat related news. "The Biden administration announced on Wednesday a plan to develop large-scale wind farms along nearly the entire coastline of the United States, the first long-term strategy from the government to produce electricity from offshore turbines," according to the New York Times late today. We happily discuss...

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The volume of incoming huge news stories these days is getting to be as overwhelming as it was during the Trump years. But it's also a reminder to anyone who has deluded themselves into thinking that the Trump Era is over, it is anything but. We were planning on covering ProPublica's blockbuster bombshell exclusive this week on today's BradCast --- and we still do --- though it has been somewhat eclipsed by last night's New York Times blockbuster bombshell exclusive. We do our best to cover both today. [Audio link to full show follows below this summary.]

First, the remarkable news broken by the Times late on Thursday is that Donald Trump's wildly corrupt Dept. of Justice was a whole lot more corrupt than we have all yet fully appreciated. As it turns out, in an unprecedented move, his DoJ secretly subpoenaed phone, email and text message data of Democratic members of Congress on the House Judiciary Committee. But it wasn't just members that Trump saw as political enemies, including top Judiciary Dem Adam Schiff and Rep. Eric Swalwell. It was also their staff and even their children, one of whom was a minor, according to the Times' blockbuster.

All of that, even as the Trump Administration spent years blocking Congress from lawful subpoenas for testimony and documents from the White House itself and virtually every Executive branch agency, under the false premise that it would violate the Constitution's Separation of Powers, granting co-equal powers to both the Legislative and Executive branches. All the while, the Trump Administration was actually --- literally --- spying on members of the Legislative branch, while claiming (disingenuously) that Congress was overstepping its bounds by issuing lawful, public subpoenas for testimony to members of the Executive branch.

The stunning news comes after a week in which we previously learned that the Trump DoJ also secretly obtained phone, email and text records of journalists at the Washington Post, New York Times and CNN. Democrats claim to be outraged by it all, and vow to investigate. But without real legal consequences, accompanied by sweeping reforms by both Congress and, most immediately, Merrick Garland's Dept. of Justice, the appalling and outrageous and unlawful acts carried out during four years of the Trump Administration will absolutely be carried out again --- and even worse next time --- in the very near future.

Speaking of much-needed, long-overdue action from Congress, the ProPublica bombshell this week revealed that --- based on a "vast cache of IRS information" somehow obtained by the non-profit media outlet on the nation's wealthiest men --- American billionaires have been allowed to avoid almost all federal income taxes for years on their accumulated and still-surging wealth. As the media outlet reports in their jaw-dropping, nearly 6,000 word exclusive this week, "billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing."

Their months-long analysis of the data "demolishes the cornerstone myth of the American tax system: that everyone pays their fair share and the richest Americans pay the most. The IRS records show that the wealthiest can --- perfectly legally --- pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year."

The raw IRS data show that billionaires like Bezos (the world's wealthiest man), Musk, Buffett and the others often pay zero in federal income taxes. Overall, the nation's top 25 wealthiest --- whose fortunes increased collectively by $401 billion between 2014 and 2018 --- paid a tax rate on that accumulated wealth of just 3.4% on average. That, compared to a median tax rate of 14% paid by regular, middle-class Americans, as the U.S. tax code rewards wealth over labor.

The New York Times explains in its own coverage of ProPublica's scoop, that even as Congress and President Biden bicker over tweaks to marginal tax rates, the ultra-wealthy avoid such trivialities all together. "The ProPublica revelations got to a widely understood issue: that the superrich earn virtually all their wealth from the constantly rising value of their assets, particularly in the stock market, and that the sales of those assets are taxed at a lower rate than ordinary income from a paycheck...But the analysis also revealed a less recognized strategy employed by the superrich: taking huge loans, using their assets as collateral. It allows them to avoid selling their assets and facing taxation, and even to write off some lending costs. In that way, Mr. Bezos and Mr. Buffett were able to show yearly income losses even as their wealth grew by billions of dollars."

Mother Jones' Senior Editor MICHAEL MECHANIC joins us today with a great deal of context and perspective on this long running, if legal, scam, after spending a couple of years hanging out with the ultra rich while researching his newly published book, Jackpot: How the Super-Rich Really Live --- and How Their Wealth Harms Us All.

Mechanic underscores the scam revealed by ProPublica: "As we've seen from the way the tax code works, wealth begets wealth, and we reward capital over wages. If you make a fortune on a stock, you pay a maximum of 20% when you sell that stock. In the meantime, when you hold it, you don't pay any taxes at all --- it's called 'unrealized gains.' What these billionaires have done is they just borrow against that. They never have to sell, so they never even pay the capital gains tax.  Meanwhile, you and I are getting a paycheck. If we made as much as they did, we'd be charged 37%.  So it's 37% versus 20% for assets, but they're not even paying the 20% because they're not selling the assets. They're taking out low-interest loans, paying a few percent, living on that money." And, yes, even as the cost of the interest would be less than they'd have to pay in taxes if they sold assets to live on their own money instead, they actually get to deduct the cost of those loans from their income taxes!

We discuss, among other things, how all of this actually hurts average Americans; how, because of it, trillions of dollars are not available to the government to spend on healthcare, schools, climate change, infrastructure and other public services; what, if anything, can or will be done about it by Congress --- where Republicans (and too many Democrats) seems to be just fine with a system that rewards wealth over work; whether proposals like Elizabeth Warren's wealth tax of .02 cents on every dollar of wealth by those worth more than $50 million could ever be adopted in Congress or is even Constitutional; and how all of this wealth doesn't even get taxed upon death when it's passed from generation to generation, as Mechanic reports at MoJo today.

"There's always been this argument, from the very beginning, that if you tax investors and business people, those people then won't invest, won't create jobs," Mechanic observes. "It's a spurious argument. If you have $100 million and somebody raises the capital gains rate, does that mean you're not going to start a company? You're not going to put it into the stock market? No, of course not. What else are you going to do with your money, put it under your mattress?!"

And, yes, we also discuss his new book (highly lauded by the legendary Bill Moyers!), which Mechanic describes as "not a polemical book. It's a funny, entertaining, and enraging character-driven narrative, in which I basically hang out with super-wealthy people and their minions. I interview researchers, I talk to a woman who trains billionaires' nannies in physical combat, [and] a guy who builds luxury safe rooms. It's a journey of the American wealth fantasy and how it's gone off the rails."

So, hey, if you're not already enraged enough by today's program, please buy Mike's book! It's out just in time to enrage Dad for Father's Day!

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The day began with a middle of the night earthquake here in Los Angeles. It was the least turbulent part of the day. We open with some grim news on today's BradCast before moving on to some shockingly encouraging news out of....wait for it....Congress of all places! [Audio link to full show is posted at end of summary.]

First up today, former Republican Presidential candidate Herman Cain succumbed to the coronavirus. As co-chair of Black Voices for Trump, the 74-year old Cain attended Donald Trump's controversial mask-free rally in Tulsa on June 20. By July 2nd he was hospitalized with COVID-19 and now dead a month later. He wasn't the only high profile Republican to pass away from the coronavirus today. Bill Montgomery also died. He was the 80-year old co-founder of the rightwing "student group" (yes, a GOP student group founded by an 80-year old!) called Turning Point USA. The organization hosted Trump's second, similarly mask-free rally after Tulsa in Phoenix. Despite claims by both Cain and Montgomery's group that hydroxychloroquine was "100% effective" in treating coronavirus, turns out, as the FDA has emphasized, it isn't.

Civil rights icon Rep. John Lewis was finally laid to rest on Thursday in Atlanta, where he was eulogized by three former Presidents. Trump did not attend after also failing to pay his respects while Lewis lay in state at the U.S. Capitol earlier this week. President Obama, however, offered stirring remarks in memoriam, calling for the expansion of voting rights which Lewis spent a lifetime --- and no small amount of blood --- fighting for.

The former President's remarks came shortly after our current President feebly suggested on Twitter that the November election should be delayed "until people can properly, securely and safely vote," charging that "2020 will be the most INACCURATE & FRAUDULENT Election in history" due to the use of mail-in ballots needed to counteract the dangers of in-person voting during the pandemic that Trump utterly failed to control. That controversial call for delaying the election --- immediately and universally rejected by Republicans and Democrats alike --- was largely to a) further propagandize Trump's supporters into believing the November election results will be illegitimate and, more immediately, b) distract from the horrific economy news released by the federal government just minutes before Trump's tweet.

The news he was hoping to distract from: The U.S. economy plunged a staggering, unprecedented, annualized 32.9% in the second quarter of this year. By way of comparison, it took three years before the economy fell 30% during the Great Depression. This has happened in months, as another 1.4 million workers filed for new unemployment claims last week. It was the 19th week in a row of record-shattering 1 million plus applicants, leaving some 30 million Americans now jobless, as Republicans in Congress have failed to extend the expanded unemployment payments from he CARES Act. Those benefits have expired as of this week, and neither Congressional Republicans nor the White House appear to have an acceptable plan to replace them. House Democrats passed their own $3 trillion HEROES Act several months ago to continue those payments and much more critical relief to workers, states and cities, hospitals, homeowners, the U.S. Post Office and many others through the end of the year. Republicans appear to be in stultifying disarray.

But there is some good news today and, believe it or not, it comes out of Congress! The U.S. House Antitrust Subcommittee on Wednesday held a five-hour hearing on Big Tech monopolies, featuring the CEOs of Amazon (Jeff Bezos), Apple (Tim Cook), Google (Sundar Pichai) and Facebook (Mark Zuckerberg) as witnesses. All of them were grilled by Democrats and, yes, even Republicans alike for years of runaway, anti-competitive business practices. Progressive Matt Stoller's coverage of the hearing at The Guardian was headlined "Congress forced Silicon Valley to answer for its misdeeds. It was a glorious sight." Our guest today, DAVID DAYEN, author, investigative financial journalist and Executive Editor of the progressive American Prospect, filed a piece with the exhuberant hed: "The Triumphant Return of Congress," following up his 175-tweet live thread from his Wednesday coverage.

Dayen tells me today that it was "probably the most consequential hearing on corporate power in decades," where one CEO after another was called on the carpet to answer for years of crushing, anti-competitive practices in their sectors. He reports that the "members of that subcommittee," headed up by Democratic Chair David Cicilline of Rhode Island, "knew exactly what they wanted to talk about. They knew who they wanted to target. This is the culmination of a year-long investigation and these members had an incredible amount of knowledge about the harms that these four large corporations have been causing through the exertion of their power."

"They really extracted confessions from Bezos and Zuckerberg and others about the practices they engage in which really are illegal," he says. The hearing couldn't have been better timed for Dayen, coming just a week or so after the publication of his new book Monoplized: Life in the Age of Corporate Power documenting the breathtaking reach of unchecked corporate mergers and consolidation over the past four decades. He explains on today's show, as he does in the book, how century old anti-trust laws were turned on their head during the Reagan Administration, when a theory promoting the idea that monopolies are actually good for consumers was advanced by one Robert Bork. The theory would eventually prove untrue by its own standards. It was not good for consumers and, Dayen describes, failed to take into account the damage that anti-competitive practices actually wrought on small business, employees and the supply chain itself --- leading directly to some of the dangerous consequences and ridiculous shortages we've seen during the COVID crisis in everything from toilet paper to critical medical supplies and personal protective equipment.

"This hearing was a complete indictment of the Federal Trade Commission and the anti-trust division of the Justice Department, who had access to all this information that the subcommittee had. They had all of these documents. They had all of the ability to conduct an investigation. In fact, it's their job to do so," Dayen observes. "They did not do that, and waved through merger after merger after merger, and the people who had that authority, under Democratic administrations and Republican administrations, who were responsible for this failure should not be listened to again, and they should not hold power again."

Dayen is hopeful that Wednesday's hearing may actually spur action --- grant permission, if you will --- to the FTC and DOJ to start upholding those unenforced anti-trust and anti-monopoly laws and regulations that remain on the books. "The only way that gets done is that the momentum from this hearing is built, where a popular movement to understand and work against the power of monopolies is what is going to carry us forward. It has in the past. That's how we got these laws in the first place, because people demanded the political system respond, and it's how we're going to get them now."

I should note here that I make a personal cameo appearance in Dayen's new book (beginning on page 85, if you must know) discussing my own personal experience with the anti-competitive monopoly practices in the media industry, and how the unchecked "sale" of our public airwaves to a handful of mega-media corporations has led directly to all of the various disasters --- political, economic, societal and, yes, medical --- that are now rending apart our very republic.

Dayen, whose indispensable daily "Unsanitized" column at The American Prospect chronicles the continuing eroding state of our national battle with the global coronavirus pandemic and its ever-worsening toll on our economy, closes by bringing us up to date on the disastrous Republican effort to craft a new emergency relief bill in Congress, as expanded unemployment benefits expire and the U.S. Postal Service faces implosion just months away from the largest vote-by-mail election in the nation's history...

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Notwithstanding Donald Trump's 4-Pinocchio claim that low-end wages are on the rise, there is an ample body of evidence that wealth inequality has reached levels not seen since the onset of the Great Depression. Those who study the issue often compare the financial holdings of the privileged few to those of the many.

A 2017 study, for example, revealed that just three individuals – Bill Gates, Warren Buffet and Jeff Bezos – had, at that point, held as much wealth as the bottom 50% of the American population --- some 160 million people. It's a wealth gap that continues to grow exponentially.

Amazon founder and Washington Post owner Jeff Bezos is the Ebenezer Scrooge-like poster child for obscene wealth disparity. Last year, Bezos agreed to pay Amazon employees $15 per hour wages, but only after sustained pressure from Senator Bernie Sanders (I-VT) and Rep. Ro Khanna (D-CA), who introduced the StopBezosAct.

At $15 per hour, a full time, 40 hour per week Amazon employee would earn $31,200 per year, before taxes. How generous! According to Business Insider, every 60 seconds, Bezos earns $149,353. That's more than four (4) full-time Amazon employees collectively earn in a year. Bezos' per minute earnings are $56,000 higher than the $93,170 in annual earnings an individual would have to make in order to be placed within the top 10%.

In the minds of most people, $215 million looks like an enormous sum of money, and it is. Business Insider reports that Bezos rakes in $215 million per day, every day, and more than $6.5 billion per year. Amazon, which reported $11.2 billion in earnings last year, did not pay one dime in federal taxes.

While these numbers are essential to understanding our gaping inequality problem, they really don't do much by way of exposing what life is like for those at the bottom end of the scale, to wit: the homeless, who, to many, are simply "invisible" .

In a recently released report (see below) titled, "Paradise Lost", Eric Johnson of Seattle ABC News affiliate, KOMO, takes an in depth look at what wealth disparity has wrought for those at the very bottom --- the 59,000 homeless people in Los Angeles County. Not mentioned by Johnson is that 11% of those struggling to survive without a roof over their heads are U.S. military veterans. The numbers of individuals in L.A. who are slipping into the homeless abyss, according to Johnson, are increasing --- by 16% over the previous year.

Johnson focused on what he described as "the worst man-made disaster in the United States" --- "53 square blocks of suffering and mental illness and drugs on a level that is hard to fathom." For the homeless of L.A., conditions may be even worse than those experienced during the Great Depression. They face what Johnson described as "the long-ignored cousin of addiction and homelessness: disease."

"We have not seen conditions for humans like this since medieval times. Period. And that's a fact," Dr. Drew Pinsky told Johnson. He is, literally, correct...