THE OBAMA and WALL STREET ASSAULT ON AMERICA… YOUR CITY IS NEXT!
This report is another example of the obscene concentration of
wealth in
America that has raised inequality to a level not seen in more than a
century.
Wages for workers in the United States are at their lowest level since
the 1950s.
more at this link – post on your Facebook and email broadcast
http://mexicanoccupation.blogspot.com/2013/03/the-obama-doctrine-open-borders-and-non.html
BERNIE SANDERS
“Sanders declared
that the American people faced “a more serious crisis than at any time since
the Great Depression,” and referred to the fact that the 99 percent of all new
income growth goes to the top 1 percent, and that the top 1 percent own as much
wealth as the bottom 90 percent. He called this staggering inequality “not just
immoral but unsustainable.”
Income inequality
grows FOUR TIMES FASTER under Obama than Bush.
OBAMA’S CRONY BANKSTER-DRIVEN
ECONOMY
First
he sabotaged America’s borders and then
invited endless waves of illegals to grab America’s jobs and keep wages depressed.
Then
he went after America’s pensions, medicare and social security towards his
design of destroying the American middle-class.
AND
IT’S WORKING!
“Goldman
Sachs, JPMorgan Chase, Bank of America (ALL MAJOR DONORS TO BARACK OBAMA) and
every other major US bank have been implicated in a web of scandals, including
the sale of toxic mortgage securities on false pretenses, the rigging of
international interest rates and global foreign exchange markets, the
laundering of Mexican drug money, accounting fraud and lying to bank
regulators, illegally foreclosing on the homes of delinquent borrowers, credit
card fraud, illegal debt-collection practices, rigging of energy markets, and
complicity in the Bernie Madoff Ponzi
scheme.”
BANKSTERS and the ongoing looting of the
American people…..
“I’m
not here to punish banks!” Barack Obama – State of the Union Message
Not a single major bank has been closed
down or broken up since the 2008 crash, triggered by reckless and illegal
speculative activities. Not a single bank CEO or top official has been
prosecuted or jailed for crimes that have led to the impoverishment of
countless millions of people.
Wednesday’s
settlement is further evidence of the reassertion of the aristocratic principle
in contemporary capitalist society: there is one set of laws for the vast
majority, the working people, and an entirely different legal framework for the
financial oligarchs—one that can be summed up with the phrase “Anything goes
US CEO pay hits record high
US CEO pay hits record high
By Nick Barrickman
25 May 2015
A new study released by executive pay research firm Equilar and published earlier this month by the
New York Times shows that compensation for chief executive officers for the largest US companies hit a new record in 2014.
The top 200 highest-paid US CEOs each made an average of $22.6 million in compensation, including salaries as well as stocks, options, bonuses and other forms of pay.
This represented a significant increase over 2013’s average of $20.7 million. This figure was more than double that recorded by the firm in 2006, when it first began publishing numbers on executive compensation.
Together, the top 15 highest-paid chief executives took home over $1.1 billion in pay last year. Ranking highest on the list is David M. Zaslav of Discovery Communications, which the
Times refers to as “the cable group behind Shark Week and shows like ‘Cake Boss.’” Last year saw Zaslav’s pay shoot up 368 percent to over $156,000,000, making him the highest-paid CEO on Equilar’s list since Tim Cook of Apple was awarded a package of over $378 million in 2011.
Nicholas Woodman, chief executive officer and founder of camera maker GoPro, saw his compensation package shoot up more than 4,000 percent in a single year, to over $77,400,000 after his company’s initial public offering last year, making him the fifth-highest-paid CEO.
Satya Nadella of Microsoft, who declared earlier this year that he would carry out a broad “restructuring plan” resulting in the layoff of 18,000 people—14 percent of its total workforce—raked in over $84,300,000 in 2014, making him the fourth highest-paid CEO.
Margaret C. Whitman of Hewlett-Packard saw her income climb by 11 percent to $19,612,164 last year after announcing over 50,000 job cuts since taking over as CEO. Similarly, Virginia M. Rometty of IBM saw a growth in pay of 28 percent to $17,942,400, even as her company carried out thousands of layoffs over the course of 2014.
Last year, the typical top-200 CEO pay package was roughly 339 times greater than the $51,939 median household income of a family in the United States. By comparison, the ratio in pay between a CEO and a worker in 1978 stood at about 30-to-1. According to the Economic Policy Institute (EPI), the growth in CEO pay outstripped even the growth of the stock market throughout this period.
As lavish as the pay for the top CEOs was, their total compensation paled in comparison to hedge fund chiefs. According to another study released earlier this month by Institutional Investor’s
Alpha magazine, the top 25 highest-paid hedge fund managers made nearly $11.62 billion for themselves in the past year, amounting to roughly $500 million apiece.
The growth in CEO pay comes as companies sit atop the largest cash hoard in history, with US corporations alone holding $1.4 trillion on their balance sheets. Instead of using this money to invest, hire workers or raise wages, companies are using it to buy back shares, increase dividends and engage in an orgy of mergers and acquisitions. US corporations recently spent over $500 billion buying back their own stock, according to a report in the
Financial Times.
The growth of CEO pay has continued despite claims by Democratic politicians and federal
OECD report: Global social inequality hits new record
By Gabriel Black
23 May 2015
Income inequality in many developed countries has reached an all-time high, according to a
report released Thursday by the Organization for Economic Co-operation and Development (OECD). The report also notes that growth of social inequality has been accompanied by the growth of part-time and contingent labor, particularly for younger workers.
The wealthiest tenth of the population in OECD member countries now earn 9.6 times the income of the poorest 10 percent, up from nine times in the 2000s, and seven times in the 1980s.
“Inequality in OECD countries is at its highest since records began,” said OECD Secretary-General Angela Gurria. The OECD is composed of 34 advanced economies, including the United States, members of the European Union, Japan, Korea, Mexico and several others.
The report notes that in 2012, “the bottom 40% owned only 3% of total household wealth in the 18 OECD countries with comparable data. By contrast, the top 10% controlled half of all total household wealth and the wealthiest 1% owned 18%.”
The United States is the fourth most unequal country in the OECD, after Chile, Mexico and Turkey.
In the mid-1980s, the top 10 percent of US income earners took in 11 times more than the bottom 20 percent. This figure rose to 12.5 times in the mid-1990s, but in 2013, the US’s top 10 percent made 19 times more than the bottom 10 percent.
Wealth inequality in the United States is even greater than income inequality. In the US, the top 10 percent controls 76 percent of all the wealth, while the bottom 60 percent owns just 2.5 percent. The top five percent of households in the US have about 91 times more wealth than the average household.
For the OECD countries as a whole, the top 10 percent of the population owns 50 percent of the wealth. The middle 50 percent owns about 47 percent of the wealth, and the bottom 40 percent owns just three percent.
A large portion of this increase in income inequality has occurred in the aftermath of the 2008 financial crisis. According to the report, in the United States, “between 2007 and 2013, net wealth fell on average 2.3 percent, but it fell ten-times more (26 percent) for those at the bottom 20 percent of the distribution.”
Income inequality in the United States is substantially worse than in any other developed country. For instance, while overall household income is 14 percent higher in the US compared to Canada and 25 percent higher compared to Germany and France, the report notes that “the average income of the bottom 10% in the US is 42% lower than in Canada and about 50% lower than in France and Germany.”
The OECD claims that one reason for this difference is that “redistribution through income taxes and cash transfers is considerably lower in the United States than in most other OECD countries.”
The report notes the particular hardship that the lowest-earning sections of the international working class have faced in the past 30 years. In the past three decades “low-income households have not benefited at all from income growth.” For instance, the bottom 10 percent of income earners in the United States lost 3.3 percent of their income since 1985, adjusted for inflation, while the average household income increased by 24 percent.
In Spain and several other countries most severely impacted by the financial crisis, this trend was even sharper. Spain saw the incomes of the poorest 10 percent of the population drop by roughly 13 percent
every year between 2007 and 2011.
In addition to a massive growth in income and wealth inequality, the report shows that part-time work, self-employment and temporary contracts have become increasingly prevalent over the past two decades. The OECD notes that “Between 1995 and 2013, more than 50 per cent of all jobs created in OECD countries fell into these categories,” adding, “Low-skilled temporary workers, in particular, have much lower and unstable earnings than permanent workers.”
The OECD notes that young people are the most affected by this turn towards temporary, low-paying work. Forty percent of employed young people in the OECD countries, defined as those aged 18 to 34, do not have full-time regular work.
The OECD report calls on governments to take steps to reduce inequality, declaring that, “In recent decades, the effectiveness of redistribution mechanisms has been weakened in many countries.” It warns that “By not addressing inequality, governments are cutting into the social fabric of their countries and hurting their long-term economic growth.”
The reality, however, is that the growth of social inequality is the deliberate outcome of government policies, whose aim has been the enrichment of the financial oligarchy at the direct expense of the working population. No change in this state of affairs is possible within the framework of the capitalist system, whose essential characteristic is the incessant concentration of wealth at the top of society.
REALITY CHECK ON HILL$$$ and BILL$$$
Hillary Clinton’s Global Greed
How many times did she sellout America to
fill her bottomless pockets?
Another
possible explanation is that the Clintons don't believe voters will really care
that much. The renting
of the Lincoln Bedroom to people who gave $5.4 million to the Democratic
National Committee in 1995 and 1996 did no lasting damage to Bill's approval
ratings. Neither did the 1996 fundraising scandal involving illegal foreign
donations, which the Los Angeles Times reported on just before the president
easily won a second term.
THE CLINTON FOUNDATION HANDS OUT $9 MILLION TO CHARITIES AND….
BUYS CHELSEA A $11 MILLION NYC APARTMENT.
images of Chelsea’s
$11 million dollar condo here:
REALITY CHECK ON HILL$$$
and BILL$$$ and Miss One Percent Chelsea... living the good life from the sweet
bribes of Wall Street's biggest criminal corporations and global Muslim
dictatorships.
AMERICA’S YOUTH TURN
ON THE “HOPE
& CHANGE” GUY…. in massive numbers!
AMERICA’S ASSAULT on
AMERICAN YOUTH … illegals still get the jobs and welfare
One
in four workers earn poverty wages
OBAMAnomics:
"The politicians don’t
care about the working and young people. We have billions in student loan
debts, but they don’t help us, but they give billions to the wealthy."
By Douglas Lyons
2 September 2013
One
in four n workers, and two out of three workers under 24, are paid poverty
wages according to a recent report released by the Keystone Research Center.
The fraud of Obama’s “Student Aid Bill of Rights”
By Nancy Hanover
23 March 2015
Last week President Obama announced a series of
executive actions that he dubbed a “Student Aid Bill of Rights.”
The initiative is partially an exercise in damage
control. It follows a series of lawsuits and scandals involving the Department
of Education (DOE). The government agency has become the target of growing
anger for protection of predatory student loan collection agencies, its bailout
of the for-profit career college chain Corinthian
and its overall profit-taking from student loans.
http://mexicanoccupation.blogspot.com/2015/03/barack-obama-and-his-crony.html
The
43 million Americans who owe some $1.3 trillion in student loan debt were
offered zero forgiveness. In fact, Obama does not propose even one measure to
actually lessen the ever-escalating cost of college or encroach on the
lucrative business of student loan debt. All the “rights” remain in the hands
of the government, the banks and hedge funds.
Far
from a “Bill of Rights” Obama continues to deliver a fraudulent bill of goods.
At every point, his administration has protected the financial industry in
looting an entire generation of students, preventing millions of young people
from either attaining the education they desire or making them pay through the
nose for the rest of their lives.
AMERICA: No
Legal Need Apply!!!
But we still
get the tax bills for Mexico’s crime tidal wave and anchor baby welfare state
in our open borders!
“Meanwhile,
millions of native-born Americans, especially men, have abandoned the job
market altogether. The percentage of men aged 25 to 54 who are working or
looking for work has dropped to the lowest point in recorded history.”
SEN. ELIZABETH WARREN:
Did Obamanomics destroy the American middle
class and build the LA RAZA Mexican welfare state in its place?
Sen. Elizabeth Warren Says the "Hope and Change"
Clown's TRADE AGREEMENT is simply more hopelessness for workers and no change
for their exploiters
THE “HOPE and CHANGE” CLOWN’S LIES ON
UNEMPLOYMENT as more illegals jump our borders…………..
In
fact, The Obama Administration’s policies have been aimed at reviving US
manufacturing on the basis of a significant reduction of workers’ wages.
As
a result of these policies, the National Employment Law Project concluded in
2014 that “While the manufacturing sector has grown in recent years, wages are
lower, the jobs are increasingly temporary, and the promised benefits have yet
to be realized.”
THE RISE OF BARACK OBAMA and the
FALL of AMERICA
HOW A SOCIOPATH CONNED A NATION CALLING IT “HOPE &
CHANGE” AND THEN BECAME GEORGE BUSH’S THIRD & FORTH TERMS ON STEROIDS.
OBAMA: SERVANT OF THE 1%
Richest one percent controls nearly half of global wealth
The richest one percent of the world’s population now controls 48.2 percent
of global wealth, up from 46 percent last year.
The report found that the growth of global inequality has accelerated
sharply since the 2008 financial crisis, as the values of financial assets have
soared while wages have stagnated and declined.
PATRICK BUCHANAN
After Obama has completely destroyed the
American
economy, handed millions of jobs to illegals and billions of
dollars
in welfare to illegals…. WHAT COMES NEXT?