(no subject)
Nov. 17th, 2006 01:40 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
ebonlockYou know, if if Jim Webb keeps talking like this I may just have found my new political pretend boyfriend (Barack Obama was a mere crush, though Russ Feingold still holds a big piece of my heart):
America's top tier has grown infinitely richer and more removed over the past 25 years. It is not unfair to say that they are literally living in a different country. Few among them send their children to public schools; fewer still send their loved ones to fight our wars. They own most of our stocks, making the stock market an unreliable indicator of the economic health of working people. The top 1% now takes in an astounding 16% of national income, up from 8% in 1980. The tax codes protect them, just as they protect corporate America, through a vast system of loopholes.
Incestuous corporate boards regularly approve compensation packages for chief executives and others that are out of logic's range. As this newspaper has reported, the average CEO of a sizeable corporation makes more than $10 million a year, while the minimum wage for workers amounts to about $10,000 a year, and has not been raised in nearly a decade. When I graduated from college in the 1960s, the average CEO made 20 times what the average worker made. Today, that CEO makes 400 times as much.
In the age of globalization and outsourcing, and with a vast underground labor pool from illegal immigration, the average American worker is seeing a different life and a troubling future. Trickle-down economics didn't happen.
Isn't he just dreamy?
America's top tier has grown infinitely richer and more removed over the past 25 years. It is not unfair to say that they are literally living in a different country. Few among them send their children to public schools; fewer still send their loved ones to fight our wars. They own most of our stocks, making the stock market an unreliable indicator of the economic health of working people. The top 1% now takes in an astounding 16% of national income, up from 8% in 1980. The tax codes protect them, just as they protect corporate America, through a vast system of loopholes.
Incestuous corporate boards regularly approve compensation packages for chief executives and others that are out of logic's range. As this newspaper has reported, the average CEO of a sizeable corporation makes more than $10 million a year, while the minimum wage for workers amounts to about $10,000 a year, and has not been raised in nearly a decade. When I graduated from college in the 1960s, the average CEO made 20 times what the average worker made. Today, that CEO makes 400 times as much.
In the age of globalization and outsourcing, and with a vast underground labor pool from illegal immigration, the average American worker is seeing a different life and a troubling future. Trickle-down economics didn't happen.
Isn't he just dreamy?
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no subject
Date: 2006-11-18 02:41 am (UTC)i got here via the snape lupin community and i might just be peeing my pants a little to see that order of the pheonix trailer bit you mentioned. the link tells me its friends only, so i was wondering if you would mind if we added each other?
i also peeked at some of your entries, as i am currently cultivating the persona of creepy stalker and i recognize many of your politics from my own head...have you heard of the debunkingwhite community on lj? its a wonderful and addictive place, you should check it out if you have not already.
cheers
zahra
no subject
Date: 2006-11-18 03:45 am (UTC)no subject
Date: 2006-11-18 04:23 pm (UTC)no subject
Date: 2006-11-18 05:04 pm (UTC)no subject
Date: 2006-11-18 05:59 pm (UTC)