Hidebound banking pamphlet The Wall Street Journal 's entire reason for existing is to endorse the view that there is no such thing as a problem caused by rich people. So it was jarring to read this on their blog: The trouble is the nation’s affluent, who have isolated themselves over the past 40 years more than the poor, hold the lion’s share of its resources: As of 2010, America’s top 10% of families controlled nearly 50% of all income, the researchers note.
<blockquote>Maybe next, an article about how outlandish executive compensation based on short-term shareholder value is socially and economically destructive.</blockquote>
Outlandish executive compensation based on short-term shareholder value is bad enough, but even worse is outlandish executive compensation entirely disconnected from any value metric on any timescale - I&#039;ve heard far too many times about CEOs cashing bonus checks for an order of magnitude more than I&#039;ll earn in my entirely lifetime even as the company they&#039;re heading posts jawdropping losses and stock prices lose digits like they&#039;re going out of fashion.
Indeed. And because we got those As and Bs, we <a href="http:\/\/www.nytimes.com\/2012\/09\/23\/business\/ceos-and-the-pay-em-or-lose-em-myth-fair-game.html\?_r=0" target="_blank">are familiar</a> with the research that says that Executive skills are in fact mostly <em>not</em> transportable between companies (institutional knowledge is important) and so the notion of a mobile executive class upon which the &quot;must pay millions to retain&quot; excuse is built is in fact a foundation of vapor.
...what&#039;s the point of being rich if you can&#039;t rub it into the face of the <strong>POORS?!?!</strong> It&#039;s like having a gigantic penis and not randomly whipping it out in front of unsuspecting house guest! I&#039;m not only one that does that...right?
It&rsquo;s just that the wealthy started noticing an increase in sales of lighter fluid, pitch forks and the bestselling book How to Serve the Rich. Market driven change! See, capitalism works!
...time to raise the National gallows(with votes)
Tarole violation.
And you will pay for the bullet.
Massive income inequality is bad?? I&#039;ve wasted years in poverty, for the good of the country? Wish someone had told me sooner.
<blockquote>Maybe next, an article about how outlandish executive compensation based on short-term shareholder value is socially and economically destructive.</blockquote>
Outlandish executive compensation based on short-term shareholder value is bad enough, but even worse is outlandish executive compensation entirely disconnected from any value metric on any timescale - I&#039;ve heard far too many times about CEOs cashing bonus checks for an order of magnitude more than I&#039;ll earn in my entirely lifetime even as the company they&#039;re heading posts jawdropping losses and stock prices lose digits like they&#039;re going out of fashion.
Indeed. And because we got those As and Bs, we <a href="http:\/\/www.nytimes.com\/2012\/09\/23\/business\/ceos-and-the-pay-em-or-lose-em-myth-fair-game.html\?_r=0" target="_blank">are familiar</a> with the research that says that Executive skills are in fact mostly <em>not</em> transportable between companies (institutional knowledge is important) and so the notion of a mobile executive class upon which the &quot;must pay millions to retain&quot; excuse is built is in fact a foundation of vapor.
Depends: do you meet these &quot;house guests&quot; on Craigslist?
Been doing that since I was 8. (I was a precocious child.)
...what&#039;s the point of being rich if you can&#039;t rub it into the face of the <strong>POORS?!?!</strong> It&#039;s like having a gigantic penis and not randomly whipping it out in front of unsuspecting house guest! I&#039;m not only one that does that...right?
It&rsquo;s just that the wealthy started noticing an increase in sales of lighter fluid, pitch forks and the bestselling book How to Serve the Rich. Market driven change! See, capitalism works!
...yeah the Nigerians have stolen their business model
<i>While a lot more research needs to be done,</i>
Translation:
Blow past all the advice of experts and make the stuff up you want to believe.