I went to school with the offspring of some of the wealthiest people in the world. I went to college many children of wealthy people and I worked with a lot of wealthy people when I worked on Wall Street.
Believe me. the vast majority of wealthy people will do it to you before you can do it to them and when I hear the fake ass tears of persecution coming out of some quarters when Ocasio Cortez proposes a 70% tax on folks who make more than $10 million a year I just laugh laugh laugh.
Rich folks could give a flying fuck about income inequality, they’re into it.
They will choose themselves over your interests in a hot second so you should feel free to adopt the same stance. If taxing the fuck out of these folks will result in universal health care I could give a flying shit.
From Naked Capitalism here:
Nearly three-quarters of the American public and a historic number of Democratic lawmakers support Medicare for All, but the House Democratic leadership is considering using its newly won majority to impose a rule that would “recklessly betray” the grassroots forces that put them in power by making single-payer and other progressive priorities impossible to enact.
Of course, fake progressive Democrats will use identity politics to shield Pelosi from criticisms of her neoliberal policies.
She was a main architect of Obamacare and couldn’t even get a public option in there, why is it surprising to see her move to kneecap progressive policies?
She should be tossed overboard, no doubt.
From CNBC here:
Large companies actually cut back on bonuses in 2018 and plan to do so even more next year, according to new data from Aon, an insurance broker. (It surveyed 1,000 businesses with 5,000 or more employees.)
“It’s particularly startling in light of the fact that the economy is strong and company performance is very good,” said Ken Abosch, broad-based compensation leader at Aon.
It’s not startling, it’s business as usual.
The goal is not to pay you and not to make you prosperous.
The goal is to make as much money for shareholders as possible and pay it out to them in increased share price or via dividends.
I don’t know why any American with half a god damn brain would be surprised that wages aren’t growing.
It’s not a bug, it’s a feature.
From Reuters here:
NEW YORK (Reuters) – U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared.
Rising wages eating into profits the way ebola eats human flesh!!!
The hilarious part of this fear is that investors and folks on Wall Street will take every fucking opportunity to pay themselves out the ass. No cheddar goes unlocked down there but you, you working at Wal-Mart or Target or fucking Family Dollar, you shouldn’t get $12 an hour, you should get $10 or less.
Different rules for different players, that’s how this game is being played.
From CNBC here:
But one strategist said a surprise sweep by Democrats would be a ‘disaster’ and could put President Trump’s pro-growth policies at risk in the future.
People rarely talk about the white supremacist aspects of our fine stock market but here we have it in spades.
Wall St. gives not one fuck about immigrant kids in camps, deportaitons, black folks getting hassled and fucked with non stop (including by the Justice Department). They don’t care if folks have enough to eat as they care only about their own private supply of hookers and blow.
It’s about the money and how much of it flows.
Aren’t you glad they got bailed out back in the day and aren’t you excited to know they will be bailed out again when they fuck everything up.
From the Guardian:
In the end, whether or not the supreme court nominee Brett Kavanaughis confirmed could come down to the vote of one senator: Susan Collins, a moderate Republican from Maine.
She’s not moderate, and for her to even consider her fellow piece of shit Kavanaugh is an insult to women.
Did she see his testimony?
Did she see a retired Supreme Court justice saying he’s not fit for the court?
Of course not, because she only sees what she wants to see. And that’s what makes her a partisan piece of shit.
Headline from CNBC:
Amazon’s hourly workers lose monthly bonuses and stock awards as minimum wage increases
Ah, this didn’t come out at the same time as the wage increase, he slipped it in a few days later. A PR genius.
Do Amazon workers get ahead with higher wages but no monthly bonuses and stock awards? My guess is they stay the same or lose ground cuz the Bald Vampire always wins.