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Crony capitalists, the lucky chosen ones by our federal government get the breaks, the subsides and sweet deals, while anyone Obama does not like gets taxed and regulated to death.
THIS
The top CEO's in bed with our Government want it to continue and want everyone else to pay for it, even by force if necessary.
Plutonomy: Buying Luxury, Explaining Global Imbalances."
Quote:
1) the world is dividing into two blocs - the plutonomies, where economic growth is powered by and largely consumed by the wealthy few, and the rest.
Plutonomies have occurred before in sixteenth century Spain, in seventeenth century Holland, the Gilded Age and the Roaring Twenties in the U.S. What are the common drivers of Plutonomy?
Disruptive technology-driven productivity gains, creative financial innovation, capitalist- friendly cooperative governments, an international dimension of immigrants and overseas conquests invigorating wealth creation, the rule of law, and patenting inventions. Often these wealth waves involve great complexity, exploited best by the rich and educated of the time.
2) We project that the plutonomies (the U.S., UK, and Canada) will likely see even more income inequality, disproportionately feeding off a further rise in the profit share in their economies, capitalist-friendly governments, more technology-driven productivity, and globalization.
In their view, there is the uber rich, (.5%) and the rest which don't matter. They worry less about the impacts this could cause.
Crony capitalists, the lucky chosen ones by our federal government get the breaks, the subsides and sweet deals, while anyone Obama does not like gets taxed and regulated to death.
Oh yes, all this started in 2009. :roll eyes:
Remedial American History, down the hall and on the right.
The Citigroup Plutonomy Memos: Two bombshell documents that Citigroup's lawyers try to suppress, describing in detail the rule of the first 1%
"Are they real?" That's the question people usually ask when they hear for the first time of the "Citigroup Plutonomy Memos." The sad truth is: Yes, they are real, and instead of being discussed on mainstream media outlets all over America and beyond, Citigroup was surprisingly successful so far in suppressing these memos, using their lawyers to issue takedown-notices whenever these memos were being made available for download on the internet.
Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Plutoparticipant. Why kill it off, if you can join it? In a sense this is the embodiment of the “American dream”. But if voters feel they cannot participate, they are more likely to divide up the wealth pie, rather than aspire to being truly rich.
CEOs try to justify their pay in comparison to sports or entertainment figures, the problem is, CEOs get rewarded all the time even when they perform poorly - can't say the same for the other group.
You are apparantly not a sports fan because that's laughably wrong.
MLB and the NBA in particular have guaranteed contracts.
Gilbert Arenas got $25mil last year from Orlando and hasn't played in the NBA in a few years.
Also, you have to be living under a rock not to know whats going on with A-rod and the Yankees. I'm sure that the Yankees will be happy to hear that according to you they won't have to pay him.
You are apparantly not a sports fan because that's laughably wrong.
MLB and the NBA in particular have guaranteed contracts.
Gilbert Arenas got $25mil last year from Orlando and hasn't played in the NBA in a few years.
Also, you have to be living under a rock not to know whats going on with A-rod and the Yankees. I'm sure that the Yankees will be happy to hear that according to you they won't have to pay him.
I really don't understand your repeated attempts to link these to completely unrelated topics. People pay big money to sports owners(directly or indirectly) because of the players. In most cases they do earn the money. The reverse is not true of public companies. People don't by Microsoft products because they are fans of Steve Ballmer and a hand full of other top executive. If professional sports were run like corporate America the GM would make $100 million a year, the coaches would make $100k if lucky, and the players would be making $10 an hour.
who cares what CEOs make? they got the position in a PRIVATE company, and the stock holders accepted the contract they were given. dont like it? buy some stock in a number of companies, and make waves at the board meetings when new CEOs are being selected, and let your displeasure be known that you think the CEO is getting paid too much.
as for bowing to them, i bow to no man, i might make an exception for the right woman though.
who cares what CEOs make? they got the position in a PRIVATE company, and the stock holders accepted the contract they were given. dont like it? buy some stock in a number of companies, and make waves at the board meetings when new CEOs are being selected, and let your displeasure be known that you think the CEO is getting paid too much.
as for bowing to them, i bow to no man, i might make an exception for the right woman though.
Wow, if your going to bold something then you at least better know what the hell you're talking about. If a company has a board and has stock holders then it is generally a PUBLIC company.
CEOs try to justify their pay in comparison to sports or entertainment figures, the problem is, CEOs get rewarded all the time even when they perform poorly - can't say the same for the other group.
Really?.... looked at what A-Rod has been paid the last two years?
Wow, if your going to bold something then you at least better know what the hell you're talking about. If a company has a board and has stock holders then it is generally a PUBLIC company.
He was using the term with regards to private vs. govt. or public with regards to a "public utility".
Regardless, the point is these are indeed institutions that report to their owners.
Derp.
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