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In 1913, Henry Ford wrote the following as the directors had been reaping the rewards of profits - "The wages we pay are too small in comparison with our profits. I think we should raise our minimum pay rate".

Thursday, March 31, 2011

MarketWatch : Super Rich are Killing Economy (Share This!)

Wall Street Journal's Market Watch has a couple articles worth reading for everyone.
Paul B. Farrell's "Tax the Super Rich now or face a revolution" and "New Civil War erupts, led by super rich, GOP"

Read them and come back... .. please. :)

Welcome back!

The Super-Rich Delusion is thinking they are safe from the economic chaos they are creating.
The “rich class” is winning this war. Except most Americans still don’t realize they’re losing, don’t see the prize at stake.
 ( Read Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein - or watch the DVD )
“But rest assured,” continued Klein in September 2008, Reaganomics “ideology will come roaring back when the bailouts are done. The massive debts the public is accumulating to bail out the speculators will then become part of a global budget crisis that will be the rationalization for deep cuts to social programs, and for a renewed push to privatize.”
They laid out their strategy and people just ignored it.  The Super-Rich Delusion had already infected a large portion of the population.  Those like the Tea Party working feverishly against their own best interest and the interest of their children.  They are not turncoats, they are infected, sick, taken in by the "trickle down" ideology that has repeatedly failed this country.  Repeatedly failed.  Take a look at history.
"We learned of Snyder’s democracy-killing coup a week earlier when MSNBC’s Rachel Maddow interviewed Naomi Klein. Maddow also exposed another particularly harsh tactic: Snyder’s $1.7 billion tax hikes against seniors and the poor. He was “not using it to close the budget gap. He is giving it away in the form of $1.8 billion in corporate tax cuts.”
Get it, folks? In the GOP governors new strategy escalating this Civil War, the GOP is robbing the poor to give to the rich."
 George Bush said repeatedly that "A dictatorship would be a heck of a lot easier" - and they are DOING IT NOW!!
Klein’s recent interview with Maddow exposed the GOP’s charade: Now we know with certainty that the budget crises in the 50 states were “created on Wall Street then moved to Main Street, deepened by the policy decisions to bail out banks instead of bailing out homeowners, instead of bailing out workers. And that means your tax base collapses.”
It is not about a class warfare, for me, instead, it is about the Tax Base collapse.  It is the collapse of the Consumer Base.  We can't buy stuff any more!  We don't get paid as well as we should because CEOs are eating up too much of the economic pie.  No, I don't think they can possibly deserve it - but it doesn't even matter if they do.  It is Killing the United States economy! Period.  You can NOT drain the money away from the Spenders and never give at least most of it back.  I would PREFER to have it given back in Higher Wages for working hard, but even if by Taxes, it has to be Recycled into the economy and not Horded in Stock Options, Savings, IRAs and Luxury Yachts of the Super Rich.

I am more than willing to help companies develop an Ethical Capitalism compensation strategy.  I am sure there are others who can do it also, who maybe have economics or business degrees.  I am just a guy with above average smarts (~158 IQ) and a strong grasp of the blatantly obvious.

( Watch this! )

Ethical Capitalism can Save U.S.