Showing posts with label uber-rich. Show all posts
Showing posts with label uber-rich. Show all posts

May 9, 2011

When is the last time your pay went up 11 percent in a year?

The answer in 99% of cases would be never or it's been years if not decades..but a helluva lot of the CEO's have hit the friggin motherload according to RawStory:
Compensation received by chief executives of the biggest US companies surged 11 percent over the past 12 months -- to $9.3 million on average, The Wall Street Journal reported.

Citing a study conducted for the newspaper by management consultancy Hay Group, The Journal said the increase was largely due to decisions by company boards to reward CEOs for strong profit and share-price growth with bigger bonuses and stock grants.

The survey covered the 350 biggest companies that filed their statement between May 1, 2010, and April 30, 2011.
On this chilly Monday morning..it really made my friggin day. Especially considering that once again the Federal Government is refusing to provide the elderly and disabled with a COLA (cost of living adjustment) for the third straight year. To be fair, the top three spots were taken by media exec's. At least it's not the jackholes that got taxpayer funded bailouts at the very top. But I will wager that a lot of them are on the friggin list. RS didn't link to the WSJ article, but I am going to look it up and post it here later. The back is really fucked up lately and that bothers me as it's been two months since the surgery and shouldn't it be getting better at this point?

Thats a rhetorical question btw..

Update: Here is the original WSJ article.  Here is how the Hay Group conducts the study for the WSJ. A few interesting graphics from the original WSJ article, showing various industries and those lovely fucks in the healthcare industry (click for larger):

Jul 13, 2010

Our Fu*kwit of the Week: Jon Kyl

Evidently Jon Kyl believes there are more rich folks than unemployed folks...who vote. For me, that is the only possible explanation for why this fuckwit has used the following bullshit logic to back up his position:
Senator Jon Kyl, a Republican whip from Arizona, was against an extension of unemployment benefits. As a matter of fact Kyl believes that giving people their unemployment benefits will make them lazy and not want to work. He says it “doesn’t create new jobs. In fact, if anything, continuing to pay people unemployment compensation is a disincentive for them to seek new work.” (source)

Kyl also wanted to make sure that the unemployment benefits would be paid for with the money the government has. Kyl doesn’t think that war should be paid for with the money the government takes in. He is more than happy to go in debt for trillions for unnecessary Empire wars. (emphasis mine)
What these comfortable mutha fucka's like Jon Kyle want, is million's more under-employed individuals. Oh, hell yeah...you are a lazy sumbitch if you refuse to take a job that doesn't pay enough to cover your rent, feed your kids, make a car payment and keep the lights on. If that's a problem, well fuck...then just get another shit job and work 16 hours a day dude!

Jon Kyl's reported net worth in 2008 was around 700k, and roughly the same for 2009. Of course that doesn't tell us what his wife, Caryll L. Collins,  is worth. They don't have to report that information I guess because I friggin looked all over for it.

So Jonny boy is 'comfortable'. He isn't rich by most standards but the fuckwit IS comfortable. That might help explain why he supports tax cuts that benefit the comfortable to the uber-rich....you know what I mean...those Bush Tax Cuts. The ones that decrease the federal governments coffers by...ready for this number...$678 million dollars annually.

Yes, that is what I said...$678 Large.....

Yet Kyl is demanding that any extension to unemployment benefits simply must be paid for by the federal government, yet he has no such feeling for those fucking Bush Tax Cuts For The Rich. Here is that quote:
"Surely Congress has the authority -- and it would be right -- if we decide we want to cut taxes to spur the economy, not to have to raise taxes in order to offset those costs. You do need to offset the cost of increased spending. And that’s what Republicans object to. But you should never have to offset the cost of a deliberate decision to reduce tax rates on Americans."
His, and other republican's, logic on this is total and complete bullshit of course because unemployment compensation and other stimulus spending puts more money into the economy (and the government coffers) than those friggin tax cuts for the rich bastards among us.  Check out the following graphic from a report by one of my favorite people at Moody's Mark Zandi:
Notice extending unemployment benefits vs Bush Income tax cuts in the Bang For the Buck column. $1.63 vs a paltry $1.38. And thats giving those effin' bastards total credit against just the damn unemployment benefits. If you extrapolate the spending increases out completely...its a huge-ass difference: $6.33 vs $1.38.

So a hearty fuck you asshole to Jon Kyl. This sumbitch rightfully deserves our fuckwit of the week...possibly the whole month, award. Not only is he a fuckwit..he's a damn idiot too.

Please explain this to your republican/neocon friends and/or family in this manner...hell, use the damn graphic if they are real thick...ok? I know I will because half my friggin family haven't got a fucking clue when it comes to this shit. Also, none of them make enough money to qualify for the fucking Bush Tax Cuts anyway...assholes.

But Jonny Kyl and his compadres will continue to sell this shit day in and day out in the same manner....and people will begin to think it's true...that's how these friggin grifters work ya know.

Jun 22, 2010

The rich got richer in 2009..I kid you not!

I will no longer tolerate individuals that scream about how horrible it is to tax the rich in this economy. From Reuters via MSNBC:
The rich grew richer last year, even as the world endured the worst recession in decades.


A stock market rebound helped the world's ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report.

Stock values rose by half, while hedge funds recovered most of their 2008 losses, in a year marked by government stimulus spending and central bank easing.

"We are already seeing distinct signs of recovery and, in some areas, a complete return to 2007 levels of wealth and growth," Bank of America Corp wealth management chief Sallie Krawcheck said.

The fastest growth in wealth took place in India, China and Brazil, some of the hardest hit markets in 2008. Wealth in Latin America and the Asia-Pacific soared to record highs.

Asia's millionaire ranks rose to 3 million, matching Europe for the first time, paced by a 4.5 percent economic expansion.

Asian millionaires' combined wealth surged 31 percent to $9.7 trillion, surpassing Europe's $9.5 trillion.

In North America, the ranks of the rich rose 17 percent and their wealth grew 18 percent to $10.7 trillion.

The United States was home to the most millionaires in 2009 — 2.87 million — followed by Japan with 1.65 million, Germany with 861,000, and China with 477,000.

Switzerland had the highest concentration of millionaires: nearly 35 for every 1,000 adults.
There is no way any fucking republican can now justify their hue and cry about how taxing the rich will hurt the economy. It's all bullshit folks.

Today's Photo..er..Graphic..ok, Picture.

It's moving day!!!!!!!!!!!!

I have purchased a domain name. I have been meticulously working on a new site,Leftwing Nutjob. Please change your bookmarks people..this puppy will no longer be updated as of July 1st 2011.