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Just when I thought I couldn't hate this motherfucker more he has to open his Mr. Potato Head mouth again. I find it so offensively absurd that these parasites dare to whine about "entitlements" after the enormous bailouts we gave them despite their criminal activity and massive bonuses for which we are still suffering the effects while they rake in new profits, further expanding the divide between rich and poor. Remind me again why this clown hasn't been drug screaming from one of his many beds and air dropped naked into the Congo?
Extremely Rich Wall Street CEO Wants Americans To Work Longer thinkprogress.org/economy/2012…
Lloyd Blankfein — evidently taking a break from doing “god’s work” dealbook.nytimes.com/2009/11/0… as the CEO of Wall Street behemoth Goldman Sachs — told CBS News’ Scott Pelley that he believes the retirement age needs to be raised because “in general, entitlements have to be slowed down and contained“: www.cbsnews.com/8301-18563_162…
BLANKFEIN: You’re going to have to undoubtedly do something to lower people’s expectations — the entitlements and what people think that they’re going to get, because it’s not going to — they’re not going to get it.
PELLEY: Social Security, Medicare, Medicaid?
BLANKFEIN: You can look at history of these things, and Social Security wasn’t devised to be a system that supported you for a 30-year retirement after a 25-year career. … So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. But in general, entitlements have to be slowed down and contained.
PELLEY: Because we can’t afford them going forward?
BLANKFEIN: Because we can’t afford them.
Maybe working until a later age is fine for a Wall Street CEO whose net worth is $450 million www.celebritynetworth.com/rich… . But it’s simply nonsense to assert that the retirement age needs to go up because Social Security is no longer affordable.
For starters, Social Security can pay full benefits for decades without any changes at all thinkprogress.org/economy/2012… . (Imagine the accolades that would received if any other federal program had guaranteed funding for that stretch of time.) One simple change, raising the cap on the payroll tax, can guarantee that the program will pay nearly full benefits for three-quarters of a century thinkprogress.org/economy/2012… . In the meantime, Social Security is statutorily www.cepr.net/index.php/blogs/b… barred from adding one dime to the federal deficit, so cutting it doesn’t change the nation’s deficit or debt picture.
Raising the retirement age, meanwhile, adversely impacts those workers most in need of a robust social safety net. While a year or two of extra work may not seem like much to a Wall Street CEO with his cushy corner office, for a factory worker or janitor, it can mean real problems. Life expectancy is only increasing for wealthier workers in non-physical jobs voices.washingtonpost.com/ezra… . Poorer workers doing physical labor have not seen the same gains thinkprogress.org/yglesias/201… . Overall, raising the retirement age to 70 would “cut benefits for the average retiree by 19 percent.” thinkprogress.org/economy/2011…
Extremely Rich Wall Street CEO Wants Americans To Work Longer thinkprogress.org/economy/2012…
Lloyd Blankfein — evidently taking a break from doing “god’s work” dealbook.nytimes.com/2009/11/0… as the CEO of Wall Street behemoth Goldman Sachs — told CBS News’ Scott Pelley that he believes the retirement age needs to be raised because “in general, entitlements have to be slowed down and contained“: www.cbsnews.com/8301-18563_162…
BLANKFEIN: You’re going to have to undoubtedly do something to lower people’s expectations — the entitlements and what people think that they’re going to get, because it’s not going to — they’re not going to get it.
PELLEY: Social Security, Medicare, Medicaid?
BLANKFEIN: You can look at history of these things, and Social Security wasn’t devised to be a system that supported you for a 30-year retirement after a 25-year career. … So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. But in general, entitlements have to be slowed down and contained.
PELLEY: Because we can’t afford them going forward?
BLANKFEIN: Because we can’t afford them.
Maybe working until a later age is fine for a Wall Street CEO whose net worth is $450 million www.celebritynetworth.com/rich… . But it’s simply nonsense to assert that the retirement age needs to go up because Social Security is no longer affordable.
For starters, Social Security can pay full benefits for decades without any changes at all thinkprogress.org/economy/2012… . (Imagine the accolades that would received if any other federal program had guaranteed funding for that stretch of time.) One simple change, raising the cap on the payroll tax, can guarantee that the program will pay nearly full benefits for three-quarters of a century thinkprogress.org/economy/2012… . In the meantime, Social Security is statutorily www.cepr.net/index.php/blogs/b… barred from adding one dime to the federal deficit, so cutting it doesn’t change the nation’s deficit or debt picture.
Raising the retirement age, meanwhile, adversely impacts those workers most in need of a robust social safety net. While a year or two of extra work may not seem like much to a Wall Street CEO with his cushy corner office, for a factory worker or janitor, it can mean real problems. Life expectancy is only increasing for wealthier workers in non-physical jobs voices.washingtonpost.com/ezra… . Poorer workers doing physical labor have not seen the same gains thinkprogress.org/yglesias/201… . Overall, raising the retirement age to 70 would “cut benefits for the average retiree by 19 percent.” thinkprogress.org/economy/2011…
Flood Wall Street
While yesterday saw the biggest climate change demonstration in history, with up to 400,000 people marching in New York according to organizers, today (9/22) will see another related demonstration. The UN Climate Summit will begin tomorrow in NY, which will not only see government talk on climate issues, but will include plenty of corporate green washing as well. Since corporate interests corrupting political will and rejecting the science are one of the largest factors for why the lack of climate action continues to be an issue, demonstrators will be flooding Wall Street to protest the role this profit driven system has in what is the single
85 richest as wealthy as poorest half of world
Oxfam: 85 richest people as wealthy as poorest half of the world from The Guardian
The world's wealthiest people aren't known for travelling by bus, but if they fancied a change of scene then the richest 85 people on the globe – who between them control as much wealth as the poorest half of the global population put together – could squeeze onto a single double-decker.
The extent to which so much global wealth has become corralled by a virtual handful of the so-called 'global elite' is exposed in a new report from Oxfam on Monday. It warned that those richest 85 people across the globe share a combined wealth of £1tn, as m
Brazil, and Knowing the Enemy
Dear members of OccupyDA (https://www.deviantart.com/occupyda),
This journal is intended to clear up some information and to instill knowledge surrounding the popular protests going on in Brazil as we speak.
For those unfamiliar with me, I am actually a co-founder of this group and have been for a while now, working at the behest of ~Mephistophilez (https://www.deviantart.com/mephistophilez) to make running our agglomeration simpler and smoother. I consider this a continuing honor, and I sincerely hope he doesn't mind me putting this up without first consulting him. However, this is something that needs to be said.
The first thing I will tell you is that you should not pay attention to what the rest of Deviant
In the News
Here are some recent bits of news and articles I recommend checking out if you haven't already.
:bulletblack: Matt Taibbi's new piece on HSBC getting away with...well, everything. http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214
:bulletred: Elizabeth Warren drills regulators over their incompetence to prosecute criminals. http://www.huffingtonpost.com/2013/02/14/elizabeth-warren-bank-regulators_n_2688998.html
:bulletblack: Whistleblowers expose Bank of America's destructive borrowing and foreclosure practices, and the coverup. http://www.alternet.org/economy/bank-america-bombshell-whistleblowers-reveal-or
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the economy isn t devised to be a system in which 99% of the people spend their time satisfying the whims of the 1%
what plutocrats basically want is for 99% of the people to serve the 1%
if 99% of the labor is producing for the 1%
you get really rich @$$holes living a life of luxury
continuously brainwashed by consumer advertising
while the 99% themselves have barely anything to go around
that s capitalism in a nutshell
what plutocrats basically want is for 99% of the people to serve the 1%
if 99% of the labor is producing for the 1%
you get really rich @$$holes living a life of luxury
continuously brainwashed by consumer advertising
while the 99% themselves have barely anything to go around
that s capitalism in a nutshell