Remembering What Occupy Stands For

I was trying to think of ways that we could remember the basic tenets of the Occupy movement so that when people ask what we stand for we can more easily recall them. In this way we don’t spend time arguing over the things that are being yelled at us (lazy, socialist, get a job, bums, etc.) and keep the conversation about what is really important.

What I thought we could use to help us is our hands as we do with our hand signals together with some easy to remember mnemonic devises. My idea started with the convenient fact that we all have ten fingers. This can be the beginning reminding ourselves first that we have ten basic tenets.

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A Draft Declaration of Demands for the Occupy Movement

We the people of the Occupy movement state the following obvious truths, that we are all equal under the law, that as humans we have certain rights that are incorporated into our very being. Among these are the right to live, the right to be free from restriction of movement, the right to speak freely and the right to pursue what ever it is that we believe will add to our happiness as long as it does not harm others. We here and now affirm that because of these rights governments derive their permission to govern from the people, and that people to protect these rights create governments.

 

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Banker Bonuses: Not Such a Wonderful Life?

Astonishingly, bankers may have surpassed lawyers, journalists, and child pornographers as the country’s most reviled people. They did this through a combination of tanking the world economy; extorting money and property from customers and the government; and downright, naked and stupid greed.

Oh, and complaining they weren’t paid enough to do it.

A recent informal Vanity Fair poll indicated 56% of banking greedheads felt their bonuses weren’t large enough. Clearly, this is indicates an IQ so low or hubris so large they shouldn’t be trusted with piggy banks, much less handle your life savings and the wealth of the world.

What’s the Big Deal?
Many have made a big deal about the unfairness of this arrangement. Many have claimed the inequities of the US corporate compensation system is making us into a country of overwhelming class division. In short, many have been right. But the emphasis on class warfare and inequality is only half – maybe less than half – of the picture.

The It’s a Wonderful Life banks of yore were paragons of charity and virtue compared to the ginormous money-maws of today. Despite bankers being beholden to no one other than their hand-selected boards and compensation committees, they make business decisions based on a monthly horizon to enhance their ‘pitiful’ quarterly bonuses. A banker looking beyond a quarter would be locked up in the Insane Banker’s Asylum for the Criminally Greedy. One looking out into the vastness of time – next year – would be executed for their danger to society.

That short-sightedness explains their Nostrasdumbassian inability to have seen the economic crash coming. That blindness to the danger of their own practices screwed their customers, the public – and not least of all – their investors. And now that they’ve good and thoroughly fu*cked their investors, they’re back to the same asinine practices as before, except – like a anitbiotic-immune bacteria – they’ve strengthened and widened the gap between what is legal and what is common sense.

Exercising their much vaunted “skills”, they’ve used taxpayer money, much of which was skimmed off for last year’s bonuses, to ‘reinvest’ and reap near-record profits this year – thereby clinching this year’s bonuses too. The only people dumber than the bankers are their stockholders. They’ve cheered as bankers laundered the money into record profits, either blindlessly stupid or so greedy they don’t recognize this as what it is…a ponzi scheme.

Bernie Madoff must be so proud.

Because they need binoculars to see the ends of their noses, they don’t see that everything will happen again. Their penchant for driving resources offshore to avoid the taxes that comprised last quarter’s stunning economic ‘recovery’ make it harder and harder to extort money from a US government with less and less of it to give. Meanwhile, all those cozy offshore havens – many of which are as friendly to America as a pack of rabid wolverines – are perfectly positioned to nationalize our money to pay for their own bait and switch schemes.

And as the macro-economic robbery continues, the bankers will again be shocked at another “completely unexpected” event. All those jobs that moved or disappeared to make companies more “profitable” steadily depleted the pool of potential customers with money for the banks to steal use to continue the ruination of their Holy Grail – capitalism.

Oh, and that’ll be a $130 million bonus for the trouble.

Where Do I Sign Up?
Bankers – in fact, almost all business US Big Wigs – receive huge bonuses if profits go up or they go down. They receive bonuses from the very companies they ran into the ground to keep their “expertise” with the company. They get bonuses because they successfully lobby each banking reform attempt into a cozier and cozier government/business alliance that – guess what – awards them bigger bonuses. Investors look the other way as long as money is coming into the Ponzi triangle and most complain for show only when the dividends come due and the banks can’t pay them. Then, they angle for a big bonus to pay their wizards of financial acumen to figure out some other way to steal twice as much money – partly used for big bonuses – next quarter.

Many supporters of corporatism über alles claim the execs deserve the big bucks because they are risk takers. The only problem with that axiom is that they take those risks with other people’s money and get paid whether the risks pay off or not.

Unbridled greed is leading them to not only kill the goose that laid the golden egg, but eat the egg, dine on the goose, and steal  their neighbor’s fowl for another mighty fine meal. One paid for with unsustainable bonuses.

Ain’t it a wonderful life?

Cross posted at The Omnipotent Poobah Speaks!

 

 

Banker Bonuses: Not Such a Wonderful Life?

Astonishingly, bankers may have surpassed lawyers, journalists, and child pornographers as the country’s most reviled people. They did this through a combination of tanking the world economy; extorting money and property from customers and the government; and downright, naked and stupid greed.

Oh, and complaining they weren’t paid enough to do it.

A recent informal Vanity Fair poll indicated 56% of banking greedheads felt their bonuses weren’t large enough. Clearly, this is indicates an IQ so low or hubris so large they shouldn’t be trusted with piggy banks, much less handle your life savings and the wealth of the world.

What’s the Big Deal?
Many have made a big deal about the unfairness of this arrangement. Many have claimed the inequities of the US corporate compensation system is making us into a country of overwhelming class division. In short, many have been right. But the emphasis on class warfare and inequality is only half – maybe less than half – of the picture.

The It’s a Wonderful Life banks of yore were paragons of charity and virtue compared to the ginormous money-maws of today. Despite bankers being beholden to no one other than their hand-selected boards and compensation committees, they make business decisions based on a monthly horizon to enhance their ‘pitiful’ quarterly bonuses. A banker looking beyond a quarter would be locked up in the Insane Banker’s Asylum for the Criminally Greedy. One looking out into the vastness of time – next year – would be executed for their danger to society.

That short-sightedness explains their Nostrasdumbassian inability to have seen the economic crash coming. That blindness to the danger of their own practices screwed their customers, the public – and not least of all – their investors. And now that they’ve good and thoroughly fu*cked their investors, they’re back to the same asinine practices as before, except – like a anitbiotic-immune bacteria – they’ve strengthened and widened the gap between what is legal and what is common sense.

Exercising their much vaunted “skills”, they’ve used taxpayer money, much of which was skimmed off for last year’s bonuses, to ‘reinvest’ and reap near-record profits this year – thereby clinching this year’s bonuses too. The only people dumber than the bankers are their stockholders. They’ve cheered as bankers laundered the money into record profits, either blindlessly stupid or so greedy they don’t recognize this as what it is…a ponzi scheme.

Bernie Madoff must be so proud.

Because they need binoculars to see the ends of their noses, they don’t see that everything will happen again. Their penchant for driving resources offshore to avoid the taxes that comprised last quarter’s stunning economic ‘recovery’ make it harder and harder to extort money from a US government with less and less of it to give. Meanwhile, all those cozy offshore havens – many of which are as friendly to America as a pack of rabid wolverines – are perfectly positioned to nationalize our money to pay for their own bait and switch schemes.

And as the macro-economic robbery continues, the bankers will again be shocked at another “completely unexpected” event. All those jobs that moved or disappeared to make companies more “profitable” steadily depleted the pool of potential customers with money for the banks to steal use to continue the ruination of their Holy Grail – capitalism.

Oh, and that’ll be a $130 million bonus for the trouble.

Where Do I Sign Up?
Bankers – in fact, almost all business US Big Wigs – receive huge bonuses if profits go up or they go down. They receive bonuses from the very companies they ran into the ground to keep their “expertise” with the company. They get bonuses because they successfully lobby each banking reform attempt into a cozier and cozier government/business alliance that – guess what – awards them bigger bonuses. Investors look the other way as long as money is coming into the Ponzi triangle and most complain for show only when the dividends come due and the banks can’t pay them. Then, they angle for a big bonus to pay their wizards of financial acumen to figure out some other way to steal twice as much money – partly used for big bonuses – next quarter.

Many supporters of corporatism über alles claim the execs deserve the big bucks because they are risk takers. The only problem with that axiom is that they take those risks with other people’s money and get paid whether the risks pay off or not.

Unbridled greed is leading them to not only kill the goose that laid the golden egg, but eat the egg, dine on the goose, and steal  their neighbor’s fowl for another mighty fine meal. One paid for with unsustainable bonuses.

Ain’t it a wonderful life?

Cross posted at The Omnipotent Poobah Speaks!

 

 

Budgeting in the United States of Me

Taxes are a lot like salaries. If you paid someone $1 million a day (oh wait, we do) they’d scream bloody murder they should’ve gotten $1,ooo,ooo.o1. If you taxed someone 1%, they’d whine they shouldn’t have to pay more than 000.1%, with those whining the loudest being the people with the lowest tax rates and highest pay.

Perhaps the most oft-repeated charge against Obama bin Karl Marx and the Democrat Politburo is that they’re dangerous socialists. But according to a recent story from CNBC, a funny thing happened on the way to the Kremlin. If you look at their list of the 10 most socialist states, there’s a whole lotta red in Governors’ mansions. In fact, six of 10 governors sport big red Rs next to their names. BTW, the People’s Republic of California didn’t even make the list.

All the tri-cornered hats and tea bags notwithstanding, the charge that most states are tax and spend Central Bureaus is shaky too.

Despite the screeching about high taxes, Americans enjoy some of the lowest taxes in the western world. American companies pay the second highest taxes, but they don’t mention their taxes are high because American companies gorge on taxpayer-funded corporate welfare far more damaging than the most greedy, imaginary, Cadillac-driving welfare queen.

American Productivity: The Bee’s Knees
They also don’t say they’re not leaving the US so much because of high taxes, but because they can hire workers from Third World countries at pennies on the dollar relative to Americans workers. Oh yeah, American workers who are generally rated as some of the most productive in the world.

The uber-capitalist view on this is that government is inherently inefficient and can’t be trusted with a dollar and there is massive fraud out there to be picked like leaves from the Liberty Tree. However, everyone’s favorite tax and spend worker’s paradise, California, has the lowest number of employees per 10,000 residents.

And when it comes to California’s current economic pickle, it’s useful to remember that if California were a country, its economy would be the eighth largest in the world – somewhere around the size of Spain’s. Fixing California’s problems is as difficult as fixing the two national economies that’ve already gone off the edge – Iceland and Ireland. BTW, both have smaller economies than California’s. But take heart don’t tax and spender conservatives, if Ireland goes, we could overtake Spain. USA! USA! USA!

Plus, a remnant from the last misguided tax revolt is a draconian tax and spend process worse than the broke Eurotrash’s. You may have heard of it, Prop 13. Prop 13 makes it extremely difficult to raise taxes to support social programs, infrastructure projects, and most importantly, education. So, California’s educational system has dropped from best in the nation to sub-Alabama levels since its introduction, its roads look like mule trails to the Hindu Kush, and social and educational programs have taken the biggest hits in the sausage slicing process…in a state with more poor people than any other.

Rid the government of fraud you say?

That’s a dandy idea, but none of our erstwhile CEO/politicians can explain how much there is, where it is, or how to cut it. BTW, if we removed of all of it, the spending effect – like banning earmarks – would be like pissing into a hurricane.

Of course we could start cutting the continued contracts with known fraudsters like, Blackwater/XE, Halliburton, and dozens of others carbuncles on the ass of the American economy. But hey, what do I know…except that having worked in both the public and private sectors I can vouch for the fact that fraud, abuse, and waste in corporate America is roughly the same in government America after being scaled to their relative sizes.

Moossilini and the Gajillionaire
Yes, people have a right to complain when their tax money isn’t spent wisely and no one wants to pay any more than necessary (excepting gajillionaire Warren Buffet, but you know how crazy the unbelievably rich are). But there’s the rub. One man’s waste is another man’s essential. If it were easy, we wouldn’t have a problem – even if Moosilini says it is. Still, that doesn’t mean we shouldn’t try.

Yet, you can bet that when it comes to the cutting, some of the same folks who now complain righteously, albeit incorrectly, aren’t going to be happy.

Do you think that Granny holding the “Get Rid of Obamunist” sign is going to be happy when the people she voted for decide that her Social Security and Medicare are wasteful perks? How about those who are ready to send Junior off to college only to find that all that grant money went poof? And when Mom gets e-coli from some ConAgra-raised hamburger, treated with bum drugs, and it eventually kills her (without even the courtesy of a death panel) the FDA doesn’t look so wasteful anymore.

We are all Americans and part of the responsibility of every American is to chip something in for the common good of the nation – or we would be called the United States of Me.

Stop yelling about how bad you’ve got it.

You could be working 14 hours a day in an Indonesian sweatshop to make shirts you’ll buy on the cheap at Walmart.

Always low prices…Always.

Cross posted at The Omnipotent Poobah Speaks!

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