Wall Street Harvests the Collapse: Tax Schemes, Technofascism, and the Looting of Empire

As the world burns, BlackRock and Goldman Sachs profit from the ruins—automating tax shelters while workers face austerity and repression.

By Prince Kapone | Weaponized Information
June 10, 2025

Harvesting the Crisis: Wall Street’s Alchemy of Collapse

The Bloomberg article “BlackRock, Goldman Scale Up Tax Trades in $3 Trillion SMA Boom”, written by Isabelle Lee and syndicated through Yahoo Finance, is not journalism. It’s a sales pitch in the language of the powerful. Lee’s job—like so many in the financial press—is not to interrogate power, but to massage its crimes into respectable form. No questions asked, no history remembered. Just smooth sentences for rough theft. She reports from the polished hallways of empire, not from the ruins left behind.Bloomberg itself is more than a media company. It’s a command center for capital. Created by and for the investor class, it exists to soothe the fears of the market while disciplining the poor. When crisis erupts, Bloomberg doesn’t ask why it happened—it asks how much money can be made from it. It serves empire not just by spinning stories, but by shaping what counts as “news” in the first place.And who walks through these hallways of elite finance? Ran Leshem, who manages BlackRock’s $220 billion SMA operation. Monali Vora, head of Goldman Sachs Wealth Investment. Tom Lee of Parametric. Executives from Morgan Stanley, Dimensional Fund Advisors, Aperio, AQR. These are not mere professionals—they are the high priests of the imperial economy, turning financial collapse into ritual sacrifice for profit. They don’t just work for capitalism—they engineer it.

Smoke, Mirrors, and Profit: How the Article Hides Class War in Broad Daylight

  1. Theft in a tuxedo: What they call “tax-loss harvesting” is just elite code for dodging the IRS. They dump stocks when they dip, declare a “loss” on paper, and walk away with a lower tax bill. No real loss. Just a legal magic trick. The article treats it like a life hack for billionaires.
  2. No poor people in sight: The whole scheme requires a portfolio the size of a small nation’s GDP. But you wouldn’t know that from the article. There’s no mention of the working poor, the unemployed, the evicted. This story is written for the rich, about the rich, to keep the rich richer.
  3. Wall Street’s new hustle: The most disturbing thing is that this isn’t some fringe loophole—it’s the model. They’ve built an entire automated system to scan portfolios daily and harvest these “losses” faster than any regulator can track. They call it innovation. We call it legalized looting.
  4. Sanitized corruption: Bloomberg’s tone is clinical, almost admiring. Words like “optimization,” “risk management,” and “tracking error” are tossed around like they’re solving world hunger—not orchestrating it.
  5. Profiting from pain: Market volatility—the same chaos that wipes out jobs, pensions, and housing—is framed here as a “fresh opportunity.” For who? For the class that makes money when the rest of us suffer. A crisis for the many, a windfall for the few.
  6. No memory, no responsibility: There’s no history here. No mention of deregulation. No discussion of how these firms helped cause the volatility they now harvest. The story begins in the middle, exactly where power wants it to begin.
  7. And finally, their creed: “It’s not what you make, it’s what you keep.” That’s the motto of the parasite class. Produce nothing, hoard everything, and let the rest of us fight over the scraps. That’s not economics—it’s war.

Turning Loopholes Into Law: What the Article Says—And What It Doesn’t

Let’s strip the propaganda veneer and look at the facts buried inside Bloomberg’s glowing profile of Wall Street’s latest hustle. Yes, the article confirms that BlackRock, Goldman Sachs, Morgan Stanley, and others are scaling up a practice called “tax-loss harvesting” through customized portfolios known as separately managed accounts (SMAs). It tells us that when stocks drop, these firms deliberately sell them to register losses—on paper—to offset gains elsewhere, slashing their ultra-wealthy clients’ IRS bills. It confirms that this isn’t done manually anymore. Now it’s automated, algorithmic, daily—driven by advanced trading platforms that can swap out Home Depot for Lowe’s or Moderna for Pfizer without missing a beat.

Bloomberg even brags about the scale: in just one month, BlackRock’s Aperio platform processed $18 billion in trades to “realize” $700 million in tax losses. Parametric, a Morgan Stanley arm, pulled $620 million in losses out of portfolios, delivering $230 million in tax relief to people who already own more than anyone else alive. And the SMA market is growing—expected to balloon from $3 trillion to $5 trillion by 2027. That’s not a tax strategy. That’s a fiscal coup.

But what’s left unsaid is even more revealing. Nowhere does the article mention that these “losses” are fake—engineered losses that don’t affect the rich at all, because the value will rebound while their tax bills vanish. Nowhere does it mention that ordinary working-class people can’t access these strategies—not because they’re “complicated,” but because you need hundreds of thousands in play to even qualify. Nowhere is there a whisper of the millions who are paying more in taxes precisely because this elite class is paying less.

And of course, nowhere is there any mention of history. No reference to how this entire system was built on decades of deregulation—from Reagan’s corporate tax cuts to Clinton’s financial liberalization and Trump’s massive handout to the wealthy. No mention of how these practices emerged as responses to the structural crises of late capitalism: falling profit rates, financial overaccumulation, and the geographic exhaustion of imperial expansion. This tax strategy is not “personalized wealth management”—it’s crisis management for capital. A stopgap to protect wealth in a system that can no longer justify its own existence.

The broader context is this: global capitalism is in decline. The U.S. empire can no longer dominate the world as it once did. Supply chains are breaking down, labor unrest is growing, inflation is spiraling, and faith in the system is eroding. So the ruling class is recalibrating. It’s not just exploiting loopholes—it’s rewriting the rules. Building parallel systems of finance, law, and protection for itself, while militarizing the rest of society against the working poor. Tax-loss harvesting is a microcosm of this larger technofascist turn: automation for the elite, austerity for the rest.

This is how empire consolidates when it can no longer expand: it harvests the collapse.

The Tax Harvesters of Technofascism: A New Narrative for a World in Collapse

Here’s the truth the ruling class would rather automate out of sight: the rich are not “managing volatility”—they are profiting from engineered crisis. What Bloomberg dresses up as savvy tax strategy is in fact a textbook case of class warfare. These so-called “harvestable losses” are not accidental—they’re structural features of a decaying system that rewards collapse and punishes creation. When the economy crashes, working people lose homes, jobs, savings, and dignity. But the wealthy? They lose nothing. They harvest the ruins.

This isn’t just about tax codes. This is about the creation of a parallel economic order where billionaires operate under a different set of laws—digitally insulated, algorithmically advantaged, and politically untouchable. SMAs are the luxury bunkers of finance. They are the fiscal fortresses of a class that has already seceded from society. They don’t pay taxes. They don’t follow the rules. And they don’t feel accountable to anyone except the profit gods of capital.

What we’re witnessing is not clever investing. It’s recolonization. Not of foreign lands this time—but of the imperial core itself. Cities once built by workers are now sacrifice zones for capital. Public wealth is being converted into private tax shelters. Social programs are starved while corporate portfolios are fattened by fake losses. This is how empire eats itself—and calls it freedom.

From the standpoint of the global working class, of the colonized masses, of the peasant whose land has been stolen for lithium, of the tenant evicted to fund a REIT dividend, of the unemployed father staring down a swollen grocery bill, this is not a tax strategy. It is a war strategy. And we must respond in kind.

Because what they call “capital optimization” is nothing more than modern looting. And what we need is not a better portfolio—it’s a better system. One where the wealth we produce is not hoarded but shared. One where crises are not monetized but prevented. One where the law protects the people—not the parasites.

We must reclaim the narrative: the real theft is not welfare, but wealth management. The true looters do not wear masks—they wear suits.

We Do Not Consent: From Fiscal Parasites to Revolutionary Possibility

We do not owe loyalty to a system built to exploit us. We do not consent to a state that robs the many to secure the few. And we do not mistake financial parasitism for intelligence or skill. Let it be known: the working class sees through the spectacle. And we will not be pacified with the crumbs of “inclusive capitalism” or “equity in asset ownership” while the real wealth is siphoned off through algorithmic theft.

From Oakland to the Bronx, from Caracas to Johannesburg, people have risen to reject the rule of the billionaire class. Whether they speak the language of socialism, national liberation, mutual aid, or abolition, their message is the same: the economy must serve the people—not feed on them.

We declare full ideological unity with the revolutionary forces resisting this global looting machine—farmers in India blockading privatized markets, teachers in Haiti striking against IMF austerity, Palestinian unions rebuilding amid siege, and Black and Brown tenant movements in the U.S. standing firm against landlord capital.

To all defectors from empire, to all who refuse to be complicit in this organized plunder, now is the time for tactical clarity:

  • Organize against fiscal imperialism: Expose the role of firms like BlackRock and Goldman Sachs not just in domestic inequality, but in global neocolonialism—from Puerto Rican debt to African land grabs.
  • Educate in your unions, schools, and streets: Bring this analysis to the people—translate it into working-class language and link tax heists to everyday struggle.
  • Interrupt their legitimacy: Call out the media, the think tanks, the universities laundering this class warfare as policy wisdom. They are not neutral.
  • Redistribute knowledge, not just resources: Build study groups, revolutionary media platforms, and underground networks to counter Wall Street’s disinformation regime.
  • Support material resistance: Fund, uplift, and connect with frontline movements confronting capital—rent strikes, divestment campaigns, and direct action against profiteers.

If the ruling class can harvest losses, we can harvest rage. Let this rage not be aimless—but organized, principled, and guided by revolutionary clarity. We are not victims—we are historical actors. And we will not be spectators while capital burns the world to keep its profits warm.

Their wealth is not just undeserved. It is stolen. And we will take it back.

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