Wednesday, May 18, 2022

BIDENOMICS - TRICKLE UP ECONOMICS TO SERVE THE RICH - Pay packages for US CEOs hit record for sixth year in a row

 

Ralph Nader: Biden's First Year Proves He Is Still a "Corporate Socialist" Beholden to Big Business

https://www.youtube.com/watch?v=2jTIUtjkDss 

BIDENOMICS: The issue is not the survival of what the leader of the most powerful imperialist country calls “democracy.” Joe Biden really means capitalism, the profit system, which has produced a level of economic inequality that is entirely incompatible with any genuine democracy. Instead, it is generating fascist movements all over the world, which aim to  abolish all democratic rights and subject the working class to the naked dictatorship of the rich.  PATRICK MARTIN

Chamber of Commerce Cheers Biden’s Expansion of American Job Outsourcing for Amazon, BlackRock (blackrock is joe biden's biggest paymaster and operates out of the white house under gamer laweyr brian deese-a blackrock employee), Facebook

Profits of Doom: Globalist Elites Doubled Their Wealth During Coronavirus Pandemic

 

Pay packages for US CEOs hit record for sixth year in a row

The pay packages of the top executives of the largest US corporations set another record in 2021, hitting a median value of $14.7 million. This was the tenth year in a row that median compensation increased and the sixth straight year of record setting packages for the chief executive officers (CEOs) of the top US companies.

CEO Tim Cook at the Apple retail store in downtown Los Angeles Thursday, June 24, 2021. (AP Photo/Damian Dovarganes)

According to a Wall Street Journal analysis published on Monday, total compensation of the CEOs of more than 400 companies on the S&P 500 rose by 12 percent in 2021. The Journal study also said that “most companies recorded annual shareholder returns of nearly 30 percent.”

Of the median total package value of $14.7 million, the analysis reports that $10.6 million consisted of equity awards, that is, non-cash compensation in the form of various company stock options. The balance of $4.1 million in the median CEO package was in the form of salaries, bonuses and other cash compensation.

In 2020, the median CEO package was worth $13.4 million, and the cash component was $3.1 million. In other words, while workers in nearly every US industry saw a reduction in real wages in 2021 due to an inflation rate of 7 percent, the cash portion of median CEO compensation increased by 32.3 percent.

As with everything related to the accumulation of vast sums of wealth in the upper echelons of American capitalist society, massive equity and cash compensation packages were awarded to a handful at the top end of the Journal rankings, and this exclusive club is growing. The analysis says, “Nine CEOs got pay packages worth at least $50 million last year—up from seven in 2020 and one in 2016.”

At the very top of the list is Peter M. Kern of Expedia Group who took in $296.25 million in 2021, an increase of a whopping 6,952 percent from 2020. Kern took over the online travel shopping company in April 2020 when the pandemic devastated the travel and tourism industries worldwide. Since the collapse of Expedia Group on Wall Street at that time, the company’s stock surged to more than double its pre-pandemic level.

As though it makes a difference, the Journal says that equity awards made up nearly all of Kern’s package, and these assets will not begin vesting until 2024 “at the earliest.” The Expedia Group CEO “isn’t expected to receive additional equity during his three-year employment contract,” according to a company spokesperson.

Second on the CEO pay package list is David Zaslav, the longtime CEO of Discovery Inc. and now the newly merged Warner Bros. Discovery, Inc., who received a total pay package of $246 million, an increase of 554 percent from the previous year. Of this amount, 82 percent, or $203 million, was in the form of an option grant “that depends on the stock price at least doubling from current levels before December 2027.”

However, the Journal reports that Zaslav received a total $30.5 million in cash compensation. The executive started his leadership of the new media conglomerate—the merger of AT&T’s WarnerMedia with Discovery—by announcing $3 billion in cuts that he says are needed to eliminate “overlapping” and to establish a company with “less layers.” Zaslav is fully aware that attacking the workforce, which has a median income that is 3,000 times smaller than the CEO’s, is the surest way to improve Wall Street performance and get him his $200 million.

Third on the list is Bill McDermott of ServiceNow, a software company that provides cloud computing services. McDermott’s 2021 package was worth $165 million, an increase of 560 percent over the previous year, and the cash portion is $3.57 million. McDermott has a $139.2 million option award that requires the company stock value to increase by half and that the company reach subscription revenue targets.

Tim Cook, CEO of Apple, the most valuable company on Wall Street at $2.5 trillion, is next with total package worth $98.73 million and cash compensation of $15 million. Cook, who had not received an equity award since 2011, received nearly $84 million in options in recognition of “his exceptional leadership and is commensurate with the size, performance and profitability Apple has achieved during his tenure.” Apple finished 2021 with $94.7 billion in profit.

Cook is followed by JPMorgan Chase CEO Jamie Dimon with a total pay package of $84.43 million, of which $6.5 million is salary and other cash compensation. The Journal says that Dimon “must wait at least five years to exercise options the company valued at $52.6 million, nearly two-thirds of his $84.4 million in reported 2021 pay, and hold resulting shares at least another five years.”

As the leading voice of the US financial elite, the Wall Street Journal presents the increasingly grotesque accumulation of wealth at the top of society as the result of success for the winners among the capitalist class during “a tumultuous year that started with Covid-19 disrupting operations and sapping demand and ended with an economic rebound that left many US companies scrambling for workers and trying to stay ahead of rising inflation.”

While the Journal sees the equity portion of the lucrative compensation awards as some kind of “performance” requirement for the ultra-wealthy executives, the dirty little secret behind the 30 percent returns earned by the majority of the firms in 2021 is that the unprecedented rise on Wall Street has been fueled by the infusion of trillions of dollars into the markets by the US Federal Reserve.

While the Journal expresses a jubilant attitude toward the increasing pay package data, very little is said about the decline in the financial markets since the beginning of 2022, the increase in the inflation rate to 8.5 percent, the Federal Reserve interest rate policies or the volatility in the bond prices, all of which are indications of mounting instability of the entire financial system.

Amazon’s Mega-Yacht Owner Funds $10 Billion “Great Reset" to Save Planet

You will give up your car and ride a bus, Jeff Bezos will build a bigger yacht.

Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is an investigative journalist and writer focusing on the radical Left and Islamic terrorism.

Amazon’s founder and executive chairman announced a $10 billion Bezos Earth Fund. The billions will be spent by the Washington Post’s owner to save the planet from people.

The Bezos Earth Fund calls for "a great reset that will lead us all toward a more sustainable, prosperous future." The term, "great reset" became highly controversial after its embrace by the World Economic Forum and the Bezos Earth Fund is touted by the WEF.

The Bezos Earth Fund's version of the Great Reset argues that the "economy in 2030 must be dramatically different from what it is today" and insists that "radical changes will be needed" that will encompass "some 40 to 60 shifts". 

Those changes however will probably not involve Jeff Bezos abandoning his mega-yacht, the 14th largest on the planet, which reportedly may require the dismantling of the historic Koningshaven bridge in Rotterdam just to get it out of the harbor.

The Bezos Earth Fund warns that most people will have to shift “transport modes (e.g., walking and public transport)”. Bezos will have his mega-yacht, you will walk or ride a bus.

While the Bezos Earth Fund calls for the "replacement of the internal combustion engine", his $500 million mega-yacht is powered by two diesel engines which together can deliver 12,000 horsepower in order to move it anywhere one of the richest men in the world wants to go.

Meanwhile, the Bezos Earth Fund proposes to use satellites to “identify methane pollution, hold those responsible accountable and highlight opportunities to manage and minimize oil and gas methane emissions. Actionable data will be produced and used to implement advocacy campaigns to spur regulations and secure commitments to reduce methane pollution globally.”

Will those satellites be tracking their boss’ colossal yacht?

Americans are facing impossible car and gas prices due to the environmental policies of the Biden administration. While the working class and middle class are being cut off from car ownership, the mega-yacht proletariat of the world are demanding even further crackdowns.

The Bezos Earth Fund claims that the economy needs to be "decarbonized". His mega-yacht has a second “support” yacht with a helicopter pad. The Fund says that "radical changes will be needed in the way we power our world”, “manufacture and consume products" and "grow our food". The Bezos yacht has its own swimming pool, and 25 rooms across three decks.

But everyone else can expect to live in a cramped urban gulag that “co-locates housing and jobs”. Perhaps entire families can occupy a room in an Amazon warehouse that will allow them to wake up and then shuffle out bed to sort packages with maximum efficiency.

The Bezos Earth Fund will also spend money forcing agriculture to comply with environmental demands and push non-billionaires to shift their “diets towards plant-based sources”. Bezos however reportedly enjoys a "Mediterranean octopus breakfast" with bacon. Even after the Great Reset, he’ll be able to eat whatever he wants. Ordinary Americans will get soy.

“The economy in 2030 must be dramatically different from what it is today,” the Bezos Earth Fund decrees. And in 2022, it already is, in no small part thanks to Jeff Bezos.

Amazon destroyed retail, wiping out countless businesses and jobs. It’s evolved into a platform for rapidly moving Chinese knockoffs of American products through third party sellers into this country in a move that will doom the last remnants of manufacturing in this country.

While 200,000 American businesses were destroyed by pandemic regulations, Amazon profits tripled. The vast wealth looted from the middle class is now being injected into calls for “systemwide transformations” and “environmental justice”.

Perhaps the staff at the Bezos Earth Fund could take a minute to discuss "environmental justice" with the Amazon delivery drivers who were killed during the collapse of its Illinois warehouse during a tornado.

The Bezos Fund’s version of “environmental justice” promises to focus on “women of color”,

The dead at Amazon's warehouse were four white men, a black man and a black woman.

The family of one of the victims, Austin McEwen, has sued Amazon claiming that there were structural flaws and no safe shelters. Maybe the Bezos fund can cut loose a few thousand from the $43 million it’s spending on “environmental justice” for “women of color” for actual justice.

Instead, the Bezos Earth Fund is moving $12 million to NDN Collective, a leftist activist group which calls for an “indigenous green new deal” while "uprooting white supremacy and colonial institutions".

Nothing like one of the richest white men in the world funding the uprooting of white supremacy.

Having already destroyed so many American businesses, the Bezos Earth Fund proposes to nuke what’s left from orbit by embracing the push to “accelerate progress among US financial regulators as they address climate as a systemic risk.” That means baking carbon taxes and offsets, and other gimmicks green investors are using to loot the economy into the business model, and forcing all businesses to shoulder the agenda items of the Green New Deal.

Failing to comply with the demands of environmentalists means your business is a “climate risk” while donating to politicians or organizations that oppose the Green New Deal can be defined as “fraudulent misrepresentation”.

The Bezos Earth Fund is funding a push to “mobilize commitments of banks and investors to net zero portfolios”, not to mention insurers. If your business doesn’t comply, good luck getting a loan, insurance, being listed on a stock exchange, or being allowed to operate.

Whether or not the Green New Deal or any climate accords get passed, they will be imposed by mega-yacht billionaires, banks, corporations, and their paid “grassroots activists.”

The Ceres Investor Network on Climate Risk and Sustainability, which Bezos is funding here, also seeks to pressure food producers to reduce their "emissions". What that will mean is higher costs and less food for the rest of us while Bezos can pull into a seaside Miami eatery in two superyachts and order a dozen grilled oysters because he’s so worried about “emissions”.

Are these really the actions of a man who believes the world will end if we drive our cars?

Beyond all the rhetoric, Bezos is moving millions into the same old leftist activist machine.

The Bezos Earth Fund directed $43 million to the Climate and Clean Energy Equity Fund. The CCEEF was created by George Soros' Democracy Alliance. $10 million is going to Green for All, which was created by Van Jones, whose work has been touted by Bezos, and has been funded by, among others, Soros and the Ford Foundation.

Millions more are going to Earthrise Media which operates alongside the Sixteen Thirty Fund, the dark money machine of the Left, the Sierra Club, the Environmental Defense Fund, Mothers Out Front, and a variety of leftist groups in favor of the Green New Deal.

And, of course, the World Economic Forum.

"You will own nothing and be happy," a World Economic Forum video envisioned the great reset of the world in 2030.

Jeff Bezos is doing his part to make sure you own nothing while he happily owns everything.

That’s what environmentalism is. Behind the manufactured crisis, that’s all it ever was. You will be forced to give up everything to “save the planet” while the new feudal mega-yacht lords will build bigger mega-yachts and fund the activists demanding you give up whatever is left.

DID JOE BIDEN’S MINISTER OF PROPAGANDA AND OPEN BORDERS CAUSE TO ELECT THE MOST CORRUPT GAMER LAWYER JOE BIDEN TO THE WHITE HOUSE???

How Zuckerberg Used a Tax-Exempt Foundation to Help Biden Fix the 2020 Election

https://mexicanoccupation.blogspot.com/2022/05/the-billionaire-class-how-neo-fascist.html

Harsh as these words may sound, they fail to do justice to today’s elites’ depths of corruption. The exhibit number one would be Joe Biden – currently the most powerful elitist in the world – who has sold out his country in a series of outrageous influence peddling schemes involving Ukraine, China and other places around the globe. Biden used his venal son Hunter as a point man who travelled the planet raking in millions for what Rudy Giuliani aptly described as “the Biden crime family.”

By failures of border security, a lack of the enforcement of our immigration laws from within  the interior of the United States and huge numbers of visas for high tech workers, the lives and livelihoods of Americans and their children, are being stolen by America’s corrupt political elite who are doing the bidding of those who provide them with huge “Campaign Contributions” (Orwellian euphemism for bribes) pursue legislation that is diametrically opposed to the best interests of America and  America         MICHAEL CUTLER


EVERYONE OF THE BELOW PAY VIRTUALLY NO TAXES AND ARE ADVOCATES FOR OPEN BORDERS. HAS JOE BIDEN DELIVERED?


Profits of Doom: Globalist Elites Doubled Their Wealth During Coronavirus Pandemic

coronavirus
Getty Images
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As the world was buffeted by a coronavirus tsunami leaving forced lockdowns, supply-chain problems, economic upheaval, and poverty in its wake, globalist financial elites “have had a terrific pandemic” according to a report released Monday.

The world’s 10 richest men have more than doubled their fortunes to $1.9 trillion, at a rate of $1.6 billion a day, over the past 12 months, proving elites have largely been spared the misery and financial ruin inflicted on so many by endless enforced lockdowns.

A confederation of charities that focus on alleviating global poverty, Oxfam said members of the globalist financial elites saw their wealth rose more during the pandemic more than it did the previous 14 years, when the world economy was suffering the worst recession since the Wall Street Crash of 1929.

These are some of the main points from Oxfam’s latest report, Inequality Kills, which has been released as global business leaders meet virtually this week for the World Economic Forum (WEF) in Davos, Switzerland.

“We have a situation where 10 men hold more wealth than that of two-thirds of humanity,” Lyn Morgain, chief executive of Oxfam Australia, told Australia’s ABC news outlet.

“Not only that, but that bottom 40 percent are hanging on by a thread.”

The report highlights what the charity says are “unprecedented” levels of global inequality as coronavirus sharpens the divide between “us and them,” the “haves and have nots.”


THIS IS WHAT THE DEMOCRAT PARTY FOR OPEN BORDERS AND CHEAPER LABOR HAS DONE TO AMERICA

 

https://mexicanoccupation.blogspot.com/2022/05/joe-bidens-open-borders-migrant-mom-in.html

 

Migrant Mom in Texas Expects Feds to Deliver Abandoned Child to Her


JOE BIDEN: ILLEGALS COME FIRST  -  That’s how we keep them coming and voting Democrat for more!

 https://mexicanoccupation.blogspot.com/2022/05/joe-biden-our-illegals-come-first-gop.html

 Nolte: GOP Rep Says Illegal Immigrants Receiving ‘Pallets of Baby Formula’

Things are looking very, very grim for the Democrats

Hart Research Associates, a Democrat-run polling organization, released a poll taken from May 5-10 that asked voters about various issues as well as their general feeling about how the country is doing. The numbers are spectacularly grim for Joe Biden and the Democrat party generally. These numbers do two things: They bode well for Republicans taking over Congress in the midterm elections and they make Democrat cheating more difficult because it’s impossible for Democrats to have final outcomes that deviate too much from the mood of the country.

It's not a random opinion to say that Hart Research is a Democrat polling organization. Aside from general polls covering all sorts of business and social issues, the company describes Garin-Hart-Yang Research Group, the political division of Hart Research, as

[O]ne of the most respected and successful political polling firms in the country for Democratic candidates and progressive causes. [snip] Our history of accomplishments includes winning open seats, helping Democrats succeed in places that often vote Republican, electing women to statewide office, helping elect political newcomers, winning contested primaries, and winning initiative and referendum campaigns.

It was this group’s research that showed that, in battleground states, the phrase “MAGA Republican” was off-putting to voters. From that, Anita Dunn and the Center for American Progress Action Fund instructed the Biden administration to use the phrase “Ultra-MAGA.” It didn’t occur to them that, except for those who already hated the MAGA movement, others would find it complimentary and, moreover, that the idea of Trump as “King MAGA” would provide conservatives with a powerhouse meme.

My point in bringing up this information is that this group, even as it undoubtedly strives to be honest because of its professional reputation, may have a bias leaning toward Democrat success. That’s why it was amazing that its most recent poll showed that 75% of all voters believe that the country under Joe Biden is heading in the wrong direction.

Image: Charting downward by pinnacleanimates.

That number has been trending steadily downward since Biden’s first months in office (April 2021 was 56%, August was 63%, October was 71%, January 2022 was 72%, and March was 71%). As Scott Adams frequently (and wisely) says, it’s not just the numbers that matter, it’s the trajectory. Biden’s trajectory, as seen by how people feel about America during his administration, is disastrous.

Moreover, a majority of American adults blame Biden for their feeling about America in decline, with 56% disapproving of him. That’s bad. What’s worse is that the majority of those who disapprove do so strongly (45%) versus merely somewhat (11%). And again, if you look at the numbers since Biden took office, the trajectory has been straight down.

Indeed, 40% of those polled feel very negative just hearing the Biden name! It’s true that 42% feel negative when they hear Trump’s name but that’s actually a less interesting number. The media have been demonizing Donald Trump non-stop since 2015, castigating him as a racist, a Nazi, a rapist, a Russian stooge, a Russian activist, and an insurrectionist. Meanwhile, going back to 2008, the media have incessantly told Americans that Biden is a foreign policy expert, a unifier, a wise man, savvy, and the essence of normalcy. And despite that, huge numbers of Americans have developed a reflexive revulsion against him.

Even scarier for Democrats is the fact that those polled, when asked about the Republican party, have only a 29% very negative feelings about the party, while the numbers are very gently trending positive—and again, this is despite the media’s non-stop demonization of Republicans since Franklin Roosevelt’s administration. Meanwhile, 33% of Americans view the Democrat party very negatively, with very positive feelings dropping like a stone. (Kamala Harris gets a 36% for very negative.)

Voters are tied, 46%-46%, when it comes to which party controls Congress but, as Chuck Todd points out in the video below, that strongly indicates that Republicans will make strong mid-term gains.

The poll shows that abortion has become a matter of supreme importance to single-issue voters but the majority of voters still consider the really important issues to be the cost of living, the economy, and voting rights and election integrity. The war in Ukraine is low on the list and COVID is vanishingly low. As for those single-issue abortion voters, if they’re all in bright blue cities, they’re the same people who have always been fanatic Democrat voters, so they don’t reflect a meaningful shift in voter values.

All in all, Democrats have a lot to worry about. Meanwhile, the biggest challenge for Republicans is that they don’t form a circular firing squad and destroy themselves through internecine battles and sheer stupidity. They have a real knack for snatching defeat from the jaws of victory.



Big Banks, Big Pharma, Big Tech Partner with Globalist Democrat For Open Borders and Endless Floods of ‘cheap’ Labor That Middle America Will Get the Tax Bills For the True (staggering) Cost

Amazon, Facebook Spend Millions Lobbying Congress for More Legal Immigration, Amnesty for Illegal Aliens

https://mexicanoccupation.blogspot.com/2022/05/joe-bidens-crony-modern-slaver-jeff.html

 

Refugee resettlement costs taxpayers nearly $9 billion every five years. Over the course of a lifetime, taxpayers pay about $133,000 per refugee and within five years of resettlement, roughly 16 percent will need taxpayer-funded housing assistance.

  

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