Look who's angry now! Executive Excess

[housewolf]

Executive Excess

Wednesday 06 October 2010

by: Jim Hightower, t r u t h o u t | Op-Ed

Look out, they're angry. Foaming-at-the-mouth angry. And they're lashing out, saying they won't take it anymore. As one of their leaders angrily cried, "It's a war." Indeed -- they're on the move to take their country back.

Forget the tea party rowdies, this is the champagne party! More precisely, it's the Dom Perignon-$1,000-a-bottle-champagne-party, propelled by -- get this -- billionaire's rage.

Yes, some of the richest, most pampered people on the planet -- people who literally wallow in luxury every day, with never a concern about losing a job, a home or health care, or getting their kids into college -- these people are wailing in self-pity. They are Wall Street hedge-fund operators, which essentially means they are high-flying financial flimflammers. What has stoked them into an elitist fury is a Barack Obama proposal to close off a ridiculous tax loophole that has let them pay only 15 percent of their lavish income in taxes, rather than the 35 percent rate that us commoners pay.

One of the richest of the ragers, Steve Schwarzman of the Blackstone Group, sees Obama's proposal as an outrageous intrusion into the suites of the elite, comparing it to "when Hitler invaded Poland." This over-the-top-tantrum comes from a multibillionaire -- a guy who spent $3 million in 2007 just to throw himself a birthday party! Come on, Steve, you're filthy rich. Stop hyperventilating, and pay your taxes!

more...
http://www.truth-out.org/jim-hightower-executive-excess63946

[SDuderstadt]

1. If I recall correctly...

within the last year or two, the highest paid hedge fund manager made @ $1B for one year. What could ANYONE do that could possibly be worth $1 B?

And, to add insult to injury, as Hightower aptly points out, said hedge fund manager paid a mere $150 M in federal tax, leaving him $850 M before whatever other taxes might have been imposed.

As outrageous as that is, there is a far larger and related problem: when the gulf in income and wealth distribution reaches the current level (and, frankly well before that), it absolutely threatens democracy.

[Amonester]

2. These irresponsible frat-boys know nothing will be done and they

will win - in the short term - since they always win more and more each year, and they boil up heat perhaps unconsciously, because where will their short term view lead them, once the financial system (the unsustainable worldwide ponzi scheme) disintegrates and they'll need to find a place to escape to, and those small 'scares' they experience, from time to time now, make them feel a little more nervous each week....

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9244647

may they roth in their filth for all the suffering they created

[RandomThoughts]

3. It is the story of life without a key.

It was just posted earlier. If you think you can own people, might that be how you raise your children, and then what would they do when you lose the key and they are free with the key?

It is the choice of the philosophy of the student overcoming the teacher, told in some places. In other stories teachers are respected, depends how they taught the children.

Also matches concepts of reap what you sow, and Karma also.

She believed in collector doctrine as said in an interview, and even flashed her rings while parting.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=105x9520368


So when she loses the key, what would be the logical reaction of those she taught? How would they treat her? Same as they learned probably.

Makes sense to me.



Sting, Wrapped around your finger.
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=1925899