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Imagine if the U.S. Constitution barred the EPA and Department of Education from existing. All union protections are dead, there are no more federal workplace safety standards, and even child-labor laws are struck down, along with a national minimum wage.

Imagine that the Constitution makes it illegal for the federal government to protect you from big polluters, big banks and even big food and pharma—all are free to rip you off or poison you all they want, and your only remedy is in state courts and legislatures, because the Constitution prevents Congress from doing anything about any of it. The federal government can’t even enforce voting or civil rights laws.

To add injury to insult, the federal government has to shut down Social Security, Medicare and Medicaid, because all of these programs (along with food stamps, housing supports and any programs that help the middle class, the less fortunate or disabled) are “beyond the reach” of what the federal government can do.

A few years ago, it would have been a thought experiment; now it’s nearly reality. Billionaires and the groups they fund are working to rewrite our Constitution to provide corprations and the rich with more and more protections and benefits, and chop away at anything smelling of “socialism” like Social Security or child labor laws.

The fact is that they’re just a few states away from meeting their goal, and have already held dress rehearsals in Washington D.C.—with representatives from all 50 states—for a Constitutional Convention that would change America forever.

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On April 9, 1944, at the height of the war against fascist Germany and Japan, the New York Times published an op-ed by Vice President Henry Wallace discussing explicitly the issue of very wealthy people setting out to take over our government.

Wallace spoke directly to the danger of multimillionaire and corporate power, defining right-wing industrialists as people “who in case of conflict put money and power ahead of human beings.” He added that “in their search for money and power [they] are ruthless and deceitful. … They… follow power and the dollar wherever they may lead.”

In his strongest indictment of that day’s equivalent of today’s billionaire class, Wallace wrote, “They claim to be super-patriots, but they would destroy every liberty guaranteed by the Constitution. They demand free enterprise, but are the spokesmen for monopoly and vested interest. Their final objective toward which all their deceit is directed is to capture political power so that, using the power of the state and the power of the market simultaneously, they may keep the common man in eternal subjection.”

As Wallace’s president, Franklin D. Roosevelt said when accepting his party’s re-nomination in 1936 in Philadelphia, “out of this modern civilization, economic royalists [have] carved new dynasties…. It was natural and perhaps human that the privileged princes of these new economic dynasties, thirsting for power, reached out for control over government itself. They created a new despotism and wrapped it in the robes of legal sanction.”

We stand at the same crossroads Roosevelt and Wallace confronted during the Great Depression and World War II, only this time the Supreme Court (in 1976 with Buckley, 1978 in Bellotti and in 2010 with Citizens United) has given American billionaires the power to spend virtually unlimited amounts of money to own politicians and demand behavior from them so outrageous that they’d even lie on live TV and deny science itself.

The billionaire right’s behavior today eerily parallels the day in 1936 when Roosevelt said, “In vain they seek to hide behind the flag and the Constitution. In their blindness they forget what the flag and the Constitution stand for.”

President Roosevelt and Vice President Wallace’s warnings have come full circle. It’s critical that we call out these economic royalists for what they’re doing, and not let them and their minions rewrite our Constitution.

Thom Hartmann’s full article is at AlterNet, and very scary reading, but it’s important reading. Highly Recommended.