401ks: The Biggest Bank Robbery in History.
Wall Street has hijacked the terms and tools of capitalism to cause bankruptcies
and unemployment, that is, decapitalize businesses and decapitate jobs. As
a result, in one generation, the American Muddled-Class has lost 90% of its
pensions and retirement savings. At the same time, the rich got richer. How
did this happen?
In 1980, the average retiree had almost $300k in corporate-defined benefits.
Today, the average retiree has about $100k in a roller coaster-401k, which
is about $30,000 in 1980 buying power. During the same period, the top 1%
of Americans went from owning 20% to over 50% of America's wealth. Is there
a connection between the two? How did this happen?
In 1980, we watched and worried about our children and grandchildren with
little concern about the clock-like monthly pension check. Now, we daily
watch and worry about our stock portfolio with our offspring ignored or abused.
How did this happen?
How? The biggest bank robbery in history: 401ks. And, it is legal!
Using stock options and IPOs, Wall Stealers transfer the savings and pensions
of the American Muddled-Class into the pockets of corporate insiders. When
a corporation pays insiders with stock options, the recipient sells the stock
into the market. In effect, the corporation has printed money since "stock
opters" can readily exchange stock for money like your new credit card
which you use for quick cash. You have to repay; corporations don't.
Counterfeiting currency is producing paper with little or no value. Stock
options are a form of counterfeiting since the overall value per share
dilutes as stock options are generated. If Joe Six-Pack prints counterfeit
stocks for sale to the public, he goes to jail. But, if insiders first filter
the counterfeits through insiders as stock options then it is legal rather
than illegal thievery. In both cases, no money goes into workers' jobs
or production. In both cases, insult to injury comes in the form of inflation
as more money chases fewer goods and services.
Worse than individual stock options are IPOs--Initial Public Offering. IPOs
gang-bang stock counterfeiting. For giving upfront pennies to start-ups,
venture capitalists receive dollars in stock options. Mormoney Romney received
hundreds of dollars in stock for pennies given to the Staples startup. On
the IPO day, "investment" banks coordinate the sale of speculators' stock
into pension funds. After the IPO day, the stock's market value drops as
the insiders regularly bleed more stock into the market by sale or donation.
Decapitalists are speculators: "Investors"--a stolen, hijacked term of
If one is honest with one's words, Wall Street banks should be called
"divestment" banks. Workers are divested of their savings, pensions and
retirements. "Investment"--a term of capitalism hijacked by nefarious
For divestors of the Muddled-Class, 401ks are the gravy train. It is easier
to raid pensions than organize a new US Steel or GM to compete in the global
economy. A comparison of business school curriculums today and fifty years
ago shows the classroom shift to easy money via IPOs. Business schools train
economic thieves-for-hire. Poetic justice: MBA's raid the pensions upon which
depend professors' retirements!
Monetary inflation is "more money chasing the same goods and services."
Decapitalism inflation is more stock chasing and claiming the same corporation
with an inevitable inflationary cheapening of the stock market price, aka,
"share dilution." Based on the cradle-to-grave analysis of venture funding,
the insiders should be called venture decapitalists. However, vulture capitalists
As noted initially, Wall Street hijacked the terms and tools of capitalism.
Clearly, stock options and IPOs are not used to increase capita (the
number of people) at work. The worst IPO is the hypocrisy found in private
equity and hedge funds buying and flipping corporations into pensions
via IPOs: How can a long existing corporation be "initially" offered?
Another hijacked term. Seagate Drives has been flipped four or five
times. How is this possible? "Recapitalization"--Another victim of identity
The legal crime of flipping corporations is an extreme of insider stock options.
First, an analogy for clarity. If you buy a house or car, can you duplicate
the title so as to sell it to five or ten individuals? Nope. You go to jail.
If you buy a corporation and then "recapitalize" by increasing the
authorized titles of ownership (stocks) by a factor of five or ten,
you are proclaimed a master of the universe as you take millions from savings
A sandpaper irritation is how the flippers will first close down the least
profitable operations (but still profitable production with capita
at work) so as to proclaim improved efficiency. This is like you selling
a 4-wheeled car with 3-wheels as you proclaim reduced operation costs to
the buyer. Or, it is like a wrestling coach who wants to increase his team's
average arm strength and does so by whacking off the wrestlers' weaker arm.
By this writer's calculation (detailed partially below) over $50 trillion
has been stolen by Wall Street decapitalists since 1980. The American
Muddled-Class were promised better retirements by ownership of their pensions.
Problem was that the only place to place the savings was to play markets
rigged by insiders: "Here's your paycheck. Now, go play the slots, the
lottery, or the stocks."
IPOs? Insiders Phooling Outsiders. In a similar mode of marrying descriptions
to acronyms to reflect their true natures, MBA has two meanings: Master of
Business Assassination and Master of Bankrupting America.
Prior to 401ks, insiders' compensation was tied to the worth and wealth of
the corporation. With 401ks, the symbols became divorced from the substance
of the corporations. Insiders became more concerned with the quarterly
bottom-lines to inflate the short-term value of their stock options rather
than the long-term value of the stock based on corporate performance. In
effect, stock options beget "bastard" stock which, like their antecedents
in human history, the father takes no claim to the well-being of these bastard
offspring. Because they are divorced from the long-term health of the corporation
with negative consequences, another name for stock options would
be America's Death Certificates.
While decapitalists work less and retire earlier, American workers must work
ten weeks longer to have the same standard of living as in 1980. If you rob
a bank of a few thousand dollar, your vacation is incarceration. If a
decapitalist steals millions, his vacation is island-hopping.
Decapitalism: Systematic and Systemic Rot of Our Infrastructures
Decapitalist? If I give you stocks,
bonds, money and land, some people would say I made you a capitalist. Depends
like giving someone a gun. Does the gun make one a murderer or a protector?
Depends on how it is used. Likewise with the symbols of capita. Do
you capitalize or decapitalize. Create or destroy?
Inflation: The ramifications
of decapitalism hijacking the terms and tools of capitalism are immediate
and far-reaching beyond no pensions and no retirement savings. The losses
affect the newborn and the new graduate. One of the most immediate effects
is inflation in basic essentials. Decapitalitsts have money that did not
come from solving human problems through needed goods and services. With
these dollars, they bid up the cost of basic needs in part because they pay
basic workers to work on their expensive homes, cars, pets, etc.
It is well known that Silicon Valley IPOs have driven up the cost of homes.
The tech stock opters did not pay the inflated home price--the American
Muddled-Class did by buying bastard stocks. As stock opters have invaded
vacation spots, long-term residents have been forced out by inflated consumer
prices and residential taxes.
In a true, objective capitalistic economy, the symbols of wealth are tied
to the creation of time-saving goods and services, not to legal thievery.
When one gets more money from doing more, that is, capitalism per capita.
When a bank robber or a Wall Stealer gets more wealth by taking or
transfering, one is guilty of capitalism for a fewer few. With true capitalism,
the growth of money matches the growth of goods and services rather than
the inflationary impact of more money in the hands of those who produce the
least. When productivity produces more products for less money, this is
Petite Decapitalists: A yogurt manufacturer--Chobani--was portrayed
on the news in 2016 as enriching employees by giving 10% of its stock to
employees. Baloney. The muddlers who buy this stock will be enriching the
employees. Some internet companies pay their employees in cash and stock.
Twitter employees receive 40% of pay in stock which they usually, because
of living necessities, sell immediately. This is another proof that stock
options are private corporations printing public money. Twitter
is not paying them. The Muddlers are. Without the public buying the employees'
stock, Twitter would fritter away.
Job Exportation: Does the stock opters' money go into American production?
Most often, foreign competition is funded by American decapitalists. Henry
Paulson (George W. Bush's secretary of the treasury and former CEO of Goldman
Sachs) bragged about over 70 trips to China. Did he travel as a tourist or
a job exporter? Money also goes into M&M's, that is, mansions and mistresses.
What about the priorities of #43's Secretary of Commerce who was born
in China and is the second wife of the Senate majority leader, Mitch
Decapitalists invest their legal stealings abroad thus decreasing the size
of the American job market. In 1990, 50% of college graduate would never
work in their degreed field despite four years of study and debt. Today,
it is worse. In 2014, 90% of college graduates depended on parents for some
of or all of their living expenses. With decapitalism, the future will be
no better for you, yours and theirs.
Meritocracy?: Do stock options reward success? Sometimes. Most corporate
pre-nuptials, however, guarantee a golden parachute no matter what.
Among many recent exit rewards, Yahoo's failed CEO walked away with $56 million
in July, 2016. Who pays? The Muddled-Class: $53 million of the $56 million
is in stock. Regardless of success or failure, the Muddled-Class' pensions
are flooded with counterfeit bastard stocks. Does a $50 trillion bank robbery
sound unreasonable? Keep reading.
Public Funding of Elections: Of
the billions of dollars spent by Citizens United super-pacs, do you think
the money comes out from under mattresses, from rusty tin cans or savings
accounts? No. The American Muddled-Class bought the shares dumped onto the
market, thus, we have public financing of elections. Consider the 2016 $20
million pledge by Facebook co-founder, Moskovitz, to defeat Donald Trump.
Did he draw the $20mil from Facebook salary or from your 401k? Meg Whitman,
formerly of eBay, cashed in $142 million of her stock to pay for a failed
California gubernatorial campaign. Did she thank the members of the
Muddled-Class? Trump's $53 million campaign loan? Cash or stocks? Hillary's
top 20 donors sold stock to give her money. While the decapitalists won't
thank the Muddlers, this writer will: Thanks for funding the corruption
of politics and destruction of your future.
Public Propaganda Machines: In
the run-up to the 2016 elections, the kingpin of Super-Pacs, Sheldon Adelson,
eliminated a burr in his side by buying Nevada's largest newspaper that had
been a constant critic of him, the Las Vegas Review-Journal. Did he
use operating profits or sell self-printed stocks into pensions and 401ks?
Or, consider Jeff Bezos of Amazon: Did he purchased the Washington Post
for $250,000,000 from his $80,000 annual salary? Has he been saving his whole
salary for the last 3000 years? Or, did the Muddled-Class buy it for him?
Buying favorable propaganda includes corporate largesse in funding public
TV and radio. Previously without commercials, PBS and NPR now won't
bite the hand that feeds them. They won't do a segment on decapitalism. Whither
Private Taxation: When a stock
opter sells you a stock to use for his philantrophies, he has engaged in
private taxation. The biggest 401k thief is the Bile Guts and Malignant Guts
Foundation which keeps trying to buy a Nobel Peace Prize for Bile Guts. Whether
employee, recipient or daughter, everyone who takes money from Bile Guts
is guilty of robbing the Muddled-Class.
Mark Zuckerberg was the middle-man in the $100 million donation by the
Muddle-Class to Camden, NJ, schools--unsupervised money that was squandered.
He gave his father 2 million bastard stocks, that is, the keys to over
$60,000,000 pension dollars. Google founders proclaim their altruism in taking
only $1 salaries ... while legally stealing billions from 401ks. Googlers
giggle as they gaggle "do no evil." Me doth think they protest their goodness
By using bastard stocks for campaign contributions and for donations to
politicians' foundations, decapitalist get a free ride to the Muddlers' banks
for private taxation monies. Creation of a foundation funded by stocks is
a tax dodge that doubles the decapitalists' benefits like buying a sports
team (see below). Hillary Clinton's emails timelined State Department access
and payments to Clinton Foundation which she claims was a coincidence. An
irony is how the foundations' stated goals would not be so problematic
if the foundation founders had not stolen the Muddlers' pensions and futures.
And, despite expensive ceremonies, how many tax-dodging foundations have
made lasting creative contributions to humanity? How many MacArthur geniuses
can you name despite decades of genius awards? Cancerous mental masturbation
is not procreative life affirmation.
One can see this private taxation from bastard stocks not only in foundations
but in the corporate names for public venues. The major political parties
held their 2016 conventions in the Quicken Loans Arena and Wells Fargo Center.
Money from politically assisted tax avoidance buys ugly advertising that
should remind Muddlers of corrupt politicians and corrupting insiders.
Foundations are part of the overall problem, not the solution. In an over-crowded
world destroying the environment, are foundations pro-litter or pro-choice?
Feed the starving millions today so we have to feed the starving billions
Who pays the taxes dodged by foundation founders and commercial advertising?
Those who muddle through.
Private Museums: When a major art auction announces a record price
for a car or a painting, I quickly figure the number of pensions stolen.
Decapitalists like to show off their art collections, citing auction cost.
Let us use the $100,000 in the average 401k as a benchmark. Having paid
$38,115,000 for a 1962 Ferrari 250 GTO, the owner can say he is driving around
in 381 pensions. Or, the record $300,000,000 for Gauguin's "When will you
marry?" is 3,000 pensions hanging on a wall. Would-be pensioners can answer
"Never" when asked "When will you retire?" Decapitalism is financial fascism
mimicking nazi fascism in stealing savings and art.
Presidential Libraries: These Eygptian
pyramids of American politics are dedicated to politicians who blind-eyed
America's death in exchange for bastard stock. One need only look at Bill
Clinton's last-minute presidential pardons in exchange for donations to his
library to realize that a lot of American business is not being conducted
in the Oval Office during the president's last year. NAFTA foreigners helped
fund Clinton's library.
In July, 2016, Obama announced selection of his half-billion dollar presidential
library in Chicago. When did he find time to do America's business? Was his
main business soliciting millions for his library from the TPP beneficiaries?
Sports Team Magic
Accounting: Many sports
teams have been bought by decapitalists using bastard stocks, e.g., MS Steve
Ballmer's $2 billion purchase of a basketball team. Did he have $2 billion
in savings from his $1 million annual salary at MaggotSoft? With Muddler
money, MS Paul Allen, also of Redmond, Washington, has bought his sports
team (Seattle Seahawks) and built two of the largest yatchs in the world
with your money.
Here is the magic accounting per the political friends of decapitalists:
For tax purposes, a decapitalist buyer can expense the purchase price
of a sports team over 20 years, that is, take 5% as a tax credit! So,
the Muddlers buy the cake twice for the decapitalists. Muddlers will twice
pay $2 billion to Steve Ballmer. Does the earlier claim of $50 trillion stolen
from the Muddle-Class since 1980 begin to add up?
Free sports teams translate into owners having big money to inflate salaries
of players. Habitual athletes become pied pipers encouraging young minds
to play, play, play instead of learn, learn, learn. Muddler parents encouraging
the play pathos over work ethic often end up wondering why Johnny cannot
find and keep a job.
Muddled-Class Math: The Muddled-Class
did not and does not do the math.
Lotteries are a tax on those who don't know math.
401ks are a tax on the Muddled-Class who igknows math. (Igknows=ignores="choose
not to know")
529s are a tax on the Muddlers in the form of bloating public debt with
tax-exemptions for the rich [who don't pay taxes]. 529s are building a massive,
collective college loan which the Muddlers' kids will have to pay. So much
for 529s helping to lower college costs. Every tax-exempted dollar
is a debt of a dollar plus interest for the proud parents' descendents if
the national debt does not cause a descent into social, economic and political
collapse. 529s contribute to higher-ed hyper-inflation--more money chasing
the same product.
401ks and 529s are political saltwater solutions, that is, quickies begetting
Hillary's $350 billion college assistance plan is a massive saltwater solution
that does not reduce college costs but kicks it down road with interest costs.
Cost per citizen $1,000. Cost per voter $2,000.
The Muddled-Class spends more time weekly on sports than on planning a
retirement. On Sunday, many spend more time praying than reading the business
or editorial page. The Muddled-Class should learn that play and pray with
no politics makes Jack and Jill desperate, destitute and demised.
Muddled-Class Math Matters.
Decapitalist compete to see who can donate the most to their alma mater.
In 2016, two decapitalists donated $400,000,000 in stock to Standford and
Harvard. Total college donations were $40 billion in 2015, mostly from
decapitalists using bastard stocks. (Does $50 trillion stolen since 1980
sound increasingly plausible?)
A Richmond, VA, state university of 30,000 students had to pass a $16,000,000
bond to build a new dorm. A local private Baptist college of 4,000
students raised $160,000,000 from alumni, mostly in bastard stocks or $40,000
per student. Academic recipients of bastard stocks bid up the cost of professor
which contributes to higher-ed hyper-inflation. It is no different than drug
dealers buying Mercedes and paying your Chevy mechanic more which you must
match if you want to buy the mechanic's time. This local university is not
alone. Ave Maria University was funded totally by Domino Pizza stock.
Bogus Advertising: Have you ever wondered
how a start-up business can advertise almost everything for nothing, e.g.,
dental, auto, legal and identity-protection? The truth is that they are not
selling the advertised goods and services but the insiders' stocks through
a forth-coming IPO. As Muddlers see the name repeatedly, a percentage will
buy some of the IPO stocks. Insiders walk away after the financial killing.
Business schools teach that it is quicker and cheaper to use advertising
to build up a company's image than build up its inventory. Market cap is
more important than market share, that is, symbol over substance.
History: The impetus and catalyst to employee
ownership of their retirement has many antecedents. One was Wm. Simons, Nixon's
Treasury Secretary. He put up about $300,000 in a partnership to buy the
second largest gift card company (Gibson) in the 1970s. Eighteen months later,
it was sold to a group of pensions which paid Simon some $60 million!
Wall Stealers are smarter and dirtier than your average pension manager.
The latter often go to work for the equity/hedge fund after buying bastard
stocks (like politicians who go to work for companies for whom they passed
favorable laws). Can you see the reality of $50 trillion stolen from the
Consistently, Republicans have lived up to and pursued the Latin origin of
their name, res pubes (rich adults). As Vice-President and President,
George Herbert Walker Bush shepherded legislation for "employee ownership"
of retirement funds. His son, #43, expanded the 401k range of workers'
participation. Another son, Florida Gov. Jeb Bush, ordered $335
million in Enron stock purchases for the Florida pension fund six weeks
after Wall Street Journal articles exposed Enron's shell game of shifting
financial assets among dummy corporations to generate false profit reports.
A working capita voting for Rich Pubers is voting rich to live poor.
The biggest bank robbery in history (401ks) is an intersection of a conspiracy
of greed and of a confederacy of igknowamuses.
Daisy-Chaining Decapitalists: After cashing in their bastard stocks,
many decapitalists set-up venture firms to fund start-ups. Thus, they leverage
their legal thievery by initiating a second, larger tier of decapitalism.
Example case is Steve Case of AOL infamy who received $800 million from the
AOL-TimeWarner. Workers lost billions when AOL-TimeWarner stock collapsed.
With his bastard stock money, Case started the "Revolution" venture fund
that has funded over 40 start-ups which he intends to IPO.
A review of headline-grabbing Silicon Valley entrepreneurs shows that they
take their ill-got gains not to start brick-and-mortar infrastructure but
to click-and-plunder spiderwebs. Like blazing meteors, these media-hyped
start-ups attract the muddled, holding them until the weight of igknowance
collapses the shiney, silkened facade into worthless sticky messes. Does
$50 trillion seem unreasonable?
(As a capitalist, I find the public adulation of decapitalists galling, e.g.,
60 minutes Nov 13, 2013--"The Giving Pledge." I can imagine the participants
[Guts, Cases, etc.] offering the following advice to the poor and hungry,
"Let them sell stock." When Mitt Romney found himself short of cash in his
college days, he sold stock to meet the expenses of living in a suburban
house. Listening to these people reminds me of Goering, Goebbels and
Hitler discussing Die Grosse Luge which today is the biggest bank
robbery in history being portrayed as a pathway from rags to riches. When
everyone is your friend, you have no friends, Zuckabird notwithstanding.
When everyone is going to be rich, most are going to be poorer.)
Insiders Know: Corporate decision-makers
know. Long ago, one of the original decapitalists, said the following: "Of
course, what we were really doing, in my view, and I've thought about this
a lot, was taking earnings or value that should've gone to the shareholders
and bringing it unto ourselves." (Jerome Kohlberg, KKR founder, Harvard
MBA). Some other examples of insiders shuffling the deck to benefit themselves
as 401k thieves are as follows:
Michael Dell in taking Dell Computer private for a later IPO.
Seagate Drives which has been flipped, bankrupted and IPO'd many times.
Netflix tried to double its market cap by splitting the company.
HP breakup by Meg Whitman is about playing with numbers so that the combined
market cap is larger but production and employment is less. Where is the
Google's breakup into an alphabet of subsidiaries is about padding insiders'
pockets with hard to follow stock options in numerous companies.
Bain Capital: Mormoney Romney's legal counterfeiter of money via stock
"recapitalizaton" and 401ks.
Hillary: When President Obama was running
for the Oval Office in 2008, his chief economic advisor told a Canadian consul
in Chicago not to worry about Barack's trade promises to the American people.
(TTP is the opposite of his promises.) This revelation caused an uproar in
the Canadian parliment which did not want to give the U.S. a license to meddle
in Canadian politics. The consul was recalled. The economic advisor was not
fired. This incident probably explains the secrecy of Hillary's secret speeches
to Wall Street.
What would warrant such secrecy? Donations? Wall Street donates to both parties.
What would warrant the secrecy? Only one thing, that is, the continued and
expanded legal thievery of 401ks via stock options and IPOs. Another thing
is TPP--she'll burn her promises to Bernie.
No American family is so involved in and benefitting from decapitalism on
so broad a scale as the Clintons. Bill's library, foundation and speeches
receive many dollars directly or indirectly from decapitalists. The same
with Hillary. Chelsea was a PR spokesperson for a Wall Street divestment
bank from which she now is a double-digit millionaire with a $10 million
New York apartment. Her husband has his own hedge fund. Her husband's
father, a former congressman, was convicted of financial fraud and is receiving
free federal room and board. His mother was a habitual politician. All of
Hillary's top 20 donors to her Super-Pac sold self-issued stock to come up
with the cash: $63,000,000. A honest, full rendition of Hillary's speeches
would reveal, this writer opines, a promise to keep the gravy train flowing.
The problem is not Citizen United. The problem is the biggest bank robbery
in history which Hillary will not stop.
[This is not an endorsement of Hillary's opponent--few have a soul as dark
and ugly as America's number one terrorist threat: Donald Trump. Does he
lie to us or repeat self-lies, that is, hypocrisy versus psychosis? The 2016
presidential election is not a lesser of two evils but the lesser of two
$50 Trillion?: Stock Options
... IPOs ... Campaign Financing ... Golden Parachutes ... Media Purchases
... Real estate purchases ... Donations ... Foundations ... Sports teams
... Presidential Libraries ... the Clintons. In one generation, decapitalists
went from 20% to over 50% ownership of America's wealth. The reader probably
has lost pensions and retirement savings. Till death, you work, they play.
How many millions are being legally stolen each day? Each Hour? Each Minute?
A key repeat thought to keep in mind: If Joe Six-Pack prints counterfeit
stocks for sale to the public, he goes to jail. But, if insiders first filter
the counterfeits through insiders as stock options then it is legal rather
than illegal thievery.
Upwards of 99% of the people reading this perspective are victims of decapitalism
but will willingly continue to be part of the silent majority that constitutes
the confederacy of igknowamuses. Too late, they will think street protest
will correct their igknowance, e.g., the Occupy Movement. Igknowance is bliss
only until the igknowed problems blitz their bliss.
Prognosis: Decapitalism is here to
stay until, like all cancers, it self-destructs and destroys the larger system
upon which it depends. Clearly, the decapitalists don't want to lose
their golden goose regardless of this Timist's cradle-to-grave death notice.
Habitual politicians are not going to change it, e.g., the Clinton Clan with
daddy's foundation dependent on stock donations, mommy with her Wall Street
speeches, daughter with her divestment bank double-digit millions of dollars,
and son-in-law with his hedge fund finangling funny figures on funny flimsies.
Since 1980--the year when the biggest bank robbery began to accelerate--two
families have dominated politics and decapitalism: Bush and Clinton. The
Clintons cannot change their spots. The Bushes are the front people for the
most powerful, longest-running Republican financial faction, the Walkers.
David Davis Walker's uncle put Abraham Lincoln into the White House.
His son, George Herbert Walker, was the general manager for the Robber Barons
of the late 1800s and first-half of the 1900s. His namesake was #41. It is
almost impossible to walk down Wall Street without walking into a Walker,
e.g., hedge-funder G.H.W. IV. A Walker was the origin of the political term
filibuster. (In tennis, this family gave us the Davis Cup. In golf, G.H.W.
funded the Walker Cup now the President Cup.)
Calls or laws to tax decapitalists are like telling bank robbers they can
keep most of the stolen cash if they pay a fee or tax. 401ks are the biggest
bank robbery in history. Any monetary fine on decapitalists is merely an
accounting exercise. The decapitalists pass on the fines as a cost of doing
business, that is, higher, inflationary prices. Insiders do not get punished
with fines. The 2007 financial crisis resulted in inflationary fines with
no prison terms. To exterminate decapitalism we need to incarcerate after
passing three simple laws.
Manchins' Mylan Epipens: A Poster Family for what is wrong with politics
and business. Using her "wife of a U.S. Senator" entry card, Gayle
Manchin went around the nation telling schools to stock Mylan's Epipens
which they do. Her daughter Heather Manchin Kirby Bresch is president
of Mylan which raised Epipen price, despite lower production costs, from
$100 to $600. In October, 2016, the turn-style government bureacrats "fine"
Mylan $465 million. Do the father, wife, daughter or Mylan execs/directors
pay this fine? No, it is a consumer tax managed by Mylan. My admiration and
respect for West Virginia Senator Joe Manchin dropped to below zero. He used
political connections to get his daughter an unearned MBA degree. If
the whole Catholic Manchin family went to jail, America would be taxed less
by corporate "fines" as corporate myops would practice their Sunday morality
Sadly, and tragically, neither traditional nor social media will do their
part. Are Sheldon Adelson and Jeff Bezos going to allow their newspapers
to research and discuss the biggest bank robbery in history? No. They are
poster boys for being big time legal thieves.
Of social media, venture funding is behind every serious start-up. Both the
operators and speculators want the big IPO bucks. They will not support public
education of how 401ks steal the pensions and retirement of the Muddled-Class.
In other words, those who say, don't know. And, those who upload don't last.
This writer knows. Sisyphus is laughing at this writer.
As state governments are addicted to lottery proceeds that destroy the work
ethic so are Wall Street firms addicted to raiding pensions that destroy
retirements. Can you imagine the economic and financial crisis when stock
options are voided and IPOs are outlawed? The exit portholes will not
be large or numerous enough as the rats abandon the sinking ship. In a few
days, the Dow would plunge 50% or more. As politicians have no plan for
immigration so they do not have a migration plan from decapitalism back to
Decapitalism is here to stay until, like all cancers, it self-destructs
and destroys the larger system upon which it depends.
Summary: To claim that capitalism is failing
is like accusing someone of a crime when the person was on vacation and nowhere
near the crime scene. Capitalism is not failing. It is a sheepskin under
which the wolves of Wall Steal devour our future. If ever there was an emperor
without clothes, it is the decapitalists parading as capitalists. Sheepskins
from prestiges universities are a common denominator, e.g., 50% of top names
in the 2007/8 financial crisis had Harvard Business School degrees on their
Economically, Wall Street metastasized capitalism into decapitalism, which
is capitalism for a fewer few not capitalism per capita. In
parallel, Wall Street corrupted our democracy into a 24/7 money dictatorship
not daily democracy. We cannot have the benefits of capitalism and
democracy (a world increasingly freer of problems) if we use the symbols
of these problem-solving twins while the substance is hijacked and diluted.
(The prime issue in the 2016 Presidential election should be the Primary
Moral Imperative of saving life on earth from climate change. This cannot
be acheved unless we save the middle-class from economic self-destruction.
Otherwise, the poor will continue to do nothing, and the rich will foolishly
think they can fly away. Three simple laws can stop decapitalism from destroying
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