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(Click to enlarge)

Here's the NYT editorial I quoted in the first panel.

Get a signed print of this cartoon from the artist. Follow Jen on Twitter and Facebook.

Originally posted to Comics on Tue Jan 14, 2014 at 06:50 AM PST.

Also republished by Daily Kos.

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Comment Preferences

  •  Excellent. Yes there are 'takers' at the top (33+ / 0-)

    of the economic scale.
    Greed and entitlement make bad bosses.

    I ain't often right, but I've never been wrong. Seldom turns out the way it does in this song.

    by mungley on Tue Jan 14, 2014 at 06:54:19 AM PST

  •  Please, please, please ... (24+ / 0-)

    let this meme get traction!! Thanks for injecting some humor into an all too grim reality. Kudos.

    "Let us not look back to the past with anger, nor towards the future with fear, but look around with awareness." James Thurber

    by annan on Tue Jan 14, 2014 at 07:07:55 AM PST

  •  Remember there are NO classes... (16+ / 0-)

    Because in America, anyone can aspire to live off the labor and sweat of others.

    It's just a matter of either being born into the right circle or having them elevate you into the ranks of that circle.


    I don't blame Christians. I blame Stupid. Which sadly is a much more popular religion these days.

    by detroitmechworks on Tue Jan 14, 2014 at 07:12:48 AM PST

  •  $1MM Office Makeover post meltdown (10+ / 0-)

    Departure from Bank of America

    On January 16, 2009, Bank of America announced that Merrill suffered an unexpected loss of $15 billion for the fourth quarter of 2008. Bank of America CEO Ken Lewis said that, without $138 billion in government assistance, including the infusion of $20 billion from the federal government, he would have pulled out of the Merrill deal, which had been approved by Bank of America shareholders in early December. People close to Lewis say his relationship with Thain was strained by Merrill's massive fourth quarter loss. Lewis himself faced criticism for rushing to buy Merrill for $28 billion after less than two days of due diligence.[24]

    On January 22, 2009, on CNBC's The Call, Charlie Gasparino said that Thain was going to meet Lewis later in the day. Gasparino added that Thain's future at Bank of America was in doubt, although it was not certain whether he would be leaving. Gasparino then said that Thain spent $1.22 million to refurbish his office, shortly after he had been named as CEO of Merrill in January 2008.[25] Merrill was still an independent firm at the time, and some analysts predicted that, with Thain as new CEO, the company would be back on track for a strong performance in the midst of disappointing results on Wall Street.[24]

    The tension between Thain and Lewis had been building since mid-December and culminated on January 22, 2009 when Lewis flew to New York to meet with Thain. After a 15-minute conversation between the two men, Thain agreed to resign.

    I want 1 less Tiny Coffin, Why Don't You? Support The President's Gun Violence Plan.

    by JML9999 on Tue Jan 14, 2014 at 07:19:05 AM PST

  •  Whenever an actually entitled person (19+ / 0-)

    criticizes a less well-off person for allegedly receiving unearned entitlements, you can pretty much bet the house on their being undeservedly entitled and projecting it onto others, whether out of guilt or misdirection or both.

    This happens at the non-rich level too, e.g. when some benefits-collecting teabagger defends their benefits by claiming that while they earned and thus deserve it, that other black Latino lazy no good moocher does not.

    Our values have become seriously messed-up by the ethos of selfishness and tribal division sowed by the right over the past 50 years.

    "Reagan's dead, and he was a lousy president" -- Keith Olbermann 4/22/09

    by kovie on Tue Jan 14, 2014 at 07:25:16 AM PST

    •  And unfortunately... (5+ / 0-)
      Recommended by:
      kovie, Dave925, gffish, rabrock, isabelle hayes

      ...the poor and lower income types will continue to a) not vote or b) vote Republican because abortion, gay marriage, religion, BENGHAZI!!!®, and a bunch of other crap that doesn't affect them or c) not take to the streets to show their displeasure at the plutocrats who are vivisecting them daily.

      I despair...

      What stronger breast-plate than a heart untainted! Thrice is he arm'd, that hath his quarrel just; And he but naked, though lock'd up in steel, Whose conscience with injustice is corrupted. Henry VI Part II Act 3 Scene 2

      by TerryDarc on Tue Jan 14, 2014 at 08:29:20 AM PST

      [ Parent ]

      •  Identity politics trump self-interest (5+ / 0-)

        for most voters, the GOP knows this, and has exploited it since Nixon. People would rather validate and "defend" their identities as some combination of straight, male, Christian, white, "traditional", "country", "patriotic", "American", etc., than vote for pols who advocate for and have a track record of passing beneficial legislation, or have been cast as weak and effeminate.

        We are a 21st century country operating on an 18th century mentality.

        "Reagan's dead, and he was a lousy president" -- Keith Olbermann 4/22/09

        by kovie on Tue Jan 14, 2014 at 09:17:11 AM PST

        [ Parent ]

      •  And fortunately (5+ / 0-)

        millions of their children fall away every year. That, demographics, and the issues spell doom for the old coalition of the haters and the greedy. As Lindsey Graham observed last year, there just aren't enough Angry White Guys left to build a national political strategy on. So they try to make up for it by getting angrier, and louder, and nastier, and more ideologically pure.

        Ceterem censeo, gerrymandra delenda est

        by Mokurai on Tue Jan 14, 2014 at 09:33:11 AM PST

        [ Parent ]

    •  Most of this comes out of the entitlement culture (6+ / 0-)

      of the self-proclaimed Southern Aristocracy around slavery and then Jim Crow, reinforced by Southern churches as the Will of God, according to Curse of Ham theology.

      See also The Theory of the Leisure Class, by Thorstein Veblen.

      Ceterem censeo, gerrymandra delenda est

      by Mokurai on Tue Jan 14, 2014 at 09:30:04 AM PST

      [ Parent ]

  •  Special privilege is hard earned (3+ / 0-)
    Recommended by:
    Janet 707, JeffW, olpdog

    It takes considerable loot to bribe Congress so they write laws for the 1%.

    If cats could blog, they wouldn't

    by crystal eyes on Tue Jan 14, 2014 at 07:39:46 AM PST

  •  Spot on. (4+ / 0-)
    Recommended by:
    Nattiq, Dave925, smartalek, olpdog

    And with the sustained attack on the inheritance tax, we're well down the path to an entrenched aristocracy of blood. Witness the Kochs, the Waltons, the Trump, etc. Talk about entitlement!

    The GOP can't win on ideas. They can only win by lying, cheating, and stealing. So they do.

    by psnyder on Tue Jan 14, 2014 at 08:28:27 AM PST

  •  Can't raise minimum wage -- it would kill jobs! (5+ / 0-)
    Recommended by:
    JeffW, Dave925, smartalek, IreGyre, aitchdee

    Or so they say. Oddly enough, multi-million dollar pay and bonuses seem to create jobs -- at the multi-million dollar pay and bonuses level, that is.

    To sum up: executive pay is based on comparison to Enron and Goldman-Sachs. Factory worker pay is based on comparison to Bangladeshi garment factory workers. When a company loses money, the CEO may be fired, taking only 500 or 600 years of front-line worker salary in severance. The front line worker will be lucky if he or she gets to collect back pay and the money paid into the pension plan.

  •  Why do Americans accept this? (3+ / 0-)
    Recommended by:
    marlowe01267, IreGyre, aitchdee

    It's deplorable, to me, that CEOs earn a zillion times what average workers do, and furthermore they seem to see themselves as a superior life form that deserves it. But what really puzzles me is so many mainstream Americans' willingness, overall, to accept this too; it's not just the Romneys of the world who see the non-rich as "losers." Because of mainstream acceptance that the ultra-rich somehow are more "worthy," we allow the system to perpetuate itself - and the gap continues to widen.

    Ginny Mayer, Ph.D. Democrat CA State Senate Candidate - SD-35 (Orange County)

    by Ginny Mayer on Tue Jan 14, 2014 at 01:36:56 PM PST

    •  ceo pay (0+ / 0-)

      Who cares how much money someone else makes. Its their money. Just don't buy their product. If you don't like how much you make relative to your boss, start your own business. I'm not trying to be mean when I say this but your statements sound remarkably like those of the communist parties of Stalin and Mao. Do you realize this?

      •  Accusations of Maoism (2+ / 0-)
        Recommended by:
        Arkenstark, isabelle hayes

        Thanks for your comments providing an example of why people accept the status quo. This is familiar rhetoric to me, as I have seen it used, for decades, to shut down any discussion of income inequality by accusing those who dare to speak of it as engaging in "class warfare" (still a popular trope); but as comparisons to Mao, Stalin, etc. come so cheaply these days, why not throw those in as well?.:)

        Ginny Mayer, Ph.D. Democrat CA State Senate Candidate - SD-35 (Orange County)

        by Ginny Mayer on Tue Jan 14, 2014 at 03:02:15 PM PST

        [ Parent ]

        •  is it an acqusation or truth (0+ / 0-)

          I know the Stalin and Mai reference is used a lot but it is a serious question that begs a simple answer. Your initial statement could have been written by Marx himself. Doesn't that bother you to know that the people who have actually carried out (by revolution) the ideology you espouse are peoplelike Stalin Mao Castro aand Kim Il Sung. You should ask someone who was already lived in s communist society to spare you the misery.

          Am I wrong here?

          •  What is the simple question? (2+ / 0-)
            Recommended by:
            Ahianne, poco

            Ask it straightforwardly and I'll bet you'll get a straightforward answer.

            •  Thanks, but the question doesn't deserve answering (0+ / 0-)

              Thanks, but I am not going to bother to answer since the asker just wants to accuse me of, in some way, condoning communist mass murderers because I thought a thought about lamenting income inequality. So, why should I dignify that with a response?

              Ginny Mayer, Ph.D. Democrat CA State Senate Candidate - SD-35 (Orange County)

              by Ginny Mayer on Thu Jan 16, 2014 at 10:08:24 AM PST

              [ Parent ]

              •  It merely shows how little they know (1+ / 0-)
                Recommended by:
                Ginny Mayer

                They don't really understand WTF they're actually accusing you of being (that'd take some study), so they can't actually make any sort of reasoned response.
                They also don't get where people like yourself are coming from when addressing the wage disparity, it upsets their world view and attacking the status quo is really high on their do nots.

                There's no legitimate reason for businesses that make tens of millions of dollars every hour to begrudge their ground level works a living wage, so their income won't grow as rapidly as they like, but as a total of their gross yearly income it's really a drop in the bucket. The issue we have here is the people at the top push back on everyone else to compensate for their inconvenience, which drives up prices, and inflation. Avarice is our greatest threat trying to build a working economy that isn't founded on sub-subsistence level incomes.

      •  ceo pay (3+ / 0-)

        soupnazi70 said:

        Who cares how much money someone else makes. Its their money.
        Excrement of non-neutered masculine bovines. It's a combination of the unpaid wages of the makers of what the CEO's company sold, and the un-earned profits extracted from that company's customers -- usually because there's no alternative providing the same or similar goods or services to those customers. One doesn't make the kind of money we're discussing by CEOing a company with realistic, equal market competition.

        The original article is factually correct. There is no way any single human being can be worth that kind of cash.

        If you don't like how much you make relative to your boss, start your own business.
        ROTFLMAO! First, very few front-line American workers make the kind of money they'd need to save, over the uninterrupted decades they'd need to be saving it, to pull this off. Second (and more importantly), the demand streams for anything genuinely necessary (or strongly desired) have been locked up by monopolistic capital already.  What free enterprise remains consists of the kind of businesses which will never become big enough to support anybody except the front-line owner/workers (if they work their you-know-whats off until they're dead).  This problem exists because those now hauling that giga-cash away from the rest of us can afford to buy protection against competition -- and they do just that. Genuinely free major enterprise has been dead in the USA since the mid-1960s at the latest.
        I'm not trying to be mean when I say this but your statements sound remarkably like those of the communist parties of Stalin and Mao. Do you realize this?
        As Ginny Mayer has discussed the all-too-easy toss-off of the "communist" label in a response of her own, I won't bother re-hashing that here. What I will remind you of is the fact that communism doesn't just fall out of the sky somehow. Nor does it exist because of some sort of universal human depravity, either. It appears when the vast majority of a population has no realistic path upward while the upper-crust possess almost everything in the economy of the nation.

        Today's America resembles my last remark.

        Keep your Powder Dry and your Data Local!

        by thanatokephaloides on Tue Jan 14, 2014 at 05:44:01 PM PST

        [ Parent ]

      •  Ignorance (3+ / 0-)

        Unfortunately, it's often times not "their money". The CEO's of corporations who are going to go bankrupt, supposedly, if the US government doesn't loan (with a near zero % interest rate) and/or give them billions of dollars should not own that money. They get these huge sums of tax payer dollars and use it to give themselves larger bonuses as part of the deal. People like you confuse me, you have no issue with people like Romney taking in 20+ million a year, yet paying a lower tax rate than most middle class Americans pay who make 50 grand a year. In fact, if we were to actually charge those wealthy people even the same tax rate as the average middle class American pays it somehow becomes communist or socialist. My guess, you listen to what these ultra wealthy people tell you (probably through Fox News) without a second thought. I work with a guy who does that. If he is in a room with a TV, it has to be on Fox News because he truly believes they are the only news company that actually states the facts. I've sat with him as Fox News had a segment on how unions are screwing this nation over by requiring corporations to provide better pay & benefits. He reiterates his complete agreement with what the Fox News broadcasters said then immediately complains to me about how the hospital we work for is screwing him, a union employee, out of tens of thousands of dollars by ending pension plans, raising employee health insurance costs & cutting health/illness leave allowances. His ignorance amazes me, somehow it's completely different if it affects him.

      •  The free market does not have all the answers (2+ / 0-)
        Recommended by:
        isabelle hayes, Ahianne

        Any more than an unsupervised sandbox has all the answers to parenting and education.

        Sure you can boycott a lot of products, but it's not easy to boycott a whole industry, a legislated monopoly, or a de facto monopoly.  And what do you do if the CEO is running a company financed mostly on the government dime?  The market is certainly not determining that CEO's compensation, and your boycott is not necessarily going to have its due proportionate effect.  You can't vote with your wallet if it's already been picked by corporate lackeys: Republicans and corporate Democrats.

        What do you think would happen to someone who develops a source of safe unlimited cheap energy, e.g., solar, and is able to bring it to market at a viable price as a substitute for petroleum, but isn't owned by one of the big energy corporations and can't be bought out by one?  Think the market beats a path to your door for building a better mousetrap?  That's been long debunked.

        The game is rigged.  In some industries you can start up your business and you might even have great potential to do well based on your product, your funding (good luck with that), your market research and your business model, and still fail.  Market regulatory laws are often selectively enforced based on the inclinations of a politician, and when those politicians are for sale, they aren't inclined to let the potential competition of their paymasters alone, and the scenario you describe casts you as the low-hanging fruit in that cherry picker.

        I used to think the market had all the answers and was emphatically anti-socialism.  Then I grew up.

  •  taking money (0+ / 0-)

    I'm new to this communist thing so bear with me. Just how do the rich TAKE money from you?. Barring criminals like Made off and barring any bailouts, can someone explain the mechanism of how its done?

    •'s like this: (1+ / 0-)
      Recommended by:
      isabelle hayes

      Workers create wealth by working. Investor class TAKES wealth by taking part of the worker's productivity.

      To be a Republican, you have to believe that our economic problems are caused by the poor having too much money and the rich not having enough.

      by Tommy Jones the Band on Tue Jan 14, 2014 at 01:55:02 PM PST

      [ Parent ]

      •  taking (0+ / 0-)

        I understand the notion that workers create wealth. That makes sense to me. But I don't understand your next sentence about the investor thing. Don't give them your money. I'm still confused?

        •  Which shows you don't understand the fundamentals (0+ / 0-)

          of working for an employer that sets your wages, and the rest goes to whoever actually owns a share of the business, which outside cooperatives and small businesses are the investors, be they the owner or others.
          If employees tried to hold onto what they've earnt personally for the business they'd be charged with fraud or theft. Self employed persons such as myself don't have the problem of anyone taking our hard earned dollars except the government, and I don't really begrudge them my taxes when I'm earning a living because in theory they pay for the infrastructure I depend on to do my business. I however object to paying the wages of people that think CEOs shouldn't pay a reasonable percentage of their income as tax, and know most of them get paid way beyond what they actually should be entitled to based off their daily work activities.

    •  Taking money from us. (2+ / 0-)
      Recommended by:
      unclebucky, isabelle hayes

      No one gets rich in a vacuum someone else had to expend blood, sweat and tears to make the rich rich.  They take away our pensions, refuse to pay a living wage, lay us off and call us moochers for taking unemployment benefits. While they get millions when they leave a company even one that they've managed to tank with bad decisions.

      Anyone who WORKS  (I mean work not sitting in a big office waiting for the opportunity to layoff their workers for the bottom line) for a living is having his or her pocket picked by the people at the top who makes millions and billons in some cases.

      Every time an underpaid fast food worker sells another burger the vampire at the top of the heap is getting rich while their workers can barely afford to pay the rent.

      The rich live on expense accounts, tax write offs and offshore accounts.  That money comes from the labor force.  Without "we the people [slaves]" they have nothing, in fact we not only make money for them we also end up buying the very products we produce that make the fat cats even richer.

      Really you don't know what the mechanism is?

      By the way, unless you're under 10 years old you should know what communism is and we are not a communist country we're a hybrid of socialism and democracy.  

      •  communism (0+ / 0-)

        I dont mean to preach but If you don't like fat cats don't give them a part of your paycheck by buying their products. If you work for a fat cat, quit and start your own business. This is what is great about this country. You will then see the difficult balance of paying a fair wage.

        You are right there are some crimals out there, both rich and poor. Once pensions are promised, courts should not take them away.

        The idea of forcibly taking someone's wealth is not new as you know. Stalin and Mao both tried and it didn't work out too well because all incentives to take risk and proper vanish from society.

        •  Ah yes, the "taking risks" thing... (2+ / 0-)
          Recommended by:
          Arkenstark, isabelle hayes

          I can see why we would want to encourage innovation, by rewarding those that 'gamble well'.

          However, the problem lies in the source of the capital being wagered, here - before the banks and the trading houses were allowed to commingle, investors had to be persuaded to buy in.  If they didn't believe the hype, or the business model didn't make sense, then they didn't buy.

          Now, it's a Billion-Dollar Poker Club with insurance brokerages, banks, regulators, and so forth, trading money back and forth that they've plucked from their respective company pensions, operating capital, and so on, justified by layoffs, lower pay, and decreased benefits.  Now, if these backroom poker players would put the money back in the cookie jar when they're done with it, we'd all be happy... but they just keep playing, and grabbing more when they lose.

          When they lose big? they come to the government, and thus the taxpayer.

          This is not capitalism.  This is not free enterprise.  It is larceny of Gaussian proportions.

        •  Capitalism (5+ / 0-)

          If you work for minimum wage, you more or less HAVE to buy from the companies the fat cats run.  You have to have food, shelter, clothing, transportation, medical care, and a bunch of other things.  The rich folk own all the companies that provide those goods.  If you live out in the country, you could probably survive off the grid - but not if you have kids who need schooling (and thus need clothing and shoes).

          You're right that courts should not take pensions away once they're promised, but courts are presided over by people who make a lot of money deciding things in favor of the rich.  Nobody ever made money by deciding anything in favor of the poor.

          It takes money to start a business.  You don't usually get to do it out of your garage after work (and you have to live while your business is getting started).  

          •  Re: Capitalism (3+ / 0-)
            Recommended by:
            Arkenstark, aitchdee, isabelle hayes
            If you work for minimum wage, you more or less HAVE to buy from the companies the fat cats run.
            If you work for ANY wage, you have to buy from those companies.
            You have to have food, shelter, clothing, transportation, medical care, and a bunch of other things.  The rich folk own all the companies that provide those goods.
            And the days anybody but a fat cat could enter the market to compete with these companies are long over. The ultra-rich have the money to buy protection against this competition, and just that is what they do.
            If you live out in the country, you could probably survive off the grid - but not if you have kids who need schooling (and thus need clothing and shoes).
            Actually, this statement is far more optimistic than the facts justify. Even those who live "off-grid" still need "food, shelter, clothing, transportation, medical care, and a bunch of other things".  

            The same fat cats who own the megacorporation monopolies also own all the land which is actually capable of supporting humans through any reasonable usufruct.

            It takes money to start a business.  You don't usually get to do it out of your garage after work (and you have to live while your business is getting started).  
            And most American front-line workers would need to save money at a faster rate than they ever make it, for uninterrupted periods longer than their jobs ever last in these times, to come up with that money.

            Keep your Powder Dry and your Data Local!

            by thanatokephaloides on Tue Jan 14, 2014 at 06:04:43 PM PST

            [ Parent ]

            •  Pretty much (0+ / 0-)

              If they want to force us SPs out of business all they need to do is lower their prices beyond what we can buy for or perform service for and we'll be gone soon enough. Though for them to compete with me on service prices would really hurt their bottom line temporarily given my service charge is around 10% of their normal charges. But they could afford it without even hurting their profit margin at the end of the year.

  •  We need a roundup of 1%ers abusing their... (0+ / 0-)


    A roundup...

    For the glue factory.

    Ugh. --UB.

    "Daddy, every time a bell rings, a Randian Libertaria­n picks up his Pan Am tickets for the Libertaria­n Paradise of West Dakota!"

    by unclebucky on Tue Jan 14, 2014 at 02:51:58 PM PST

  •  Who is mooching off who? Who are "the takers"? (2+ / 0-)
    Recommended by:
    Arkenstark, isabelle hayes

    Min. wage would be $17 an hour if Big Wigs let workers share in the wealth they helped create.

    And that's what I wrote when I shared on my Facebook page (just in case the image wasn't big enough to show up).

    Love this!

  •  This has been and still is (0+ / 0-)

    all about simple economics

    I've heard it all before.

    by Fried52 on Tue Jan 14, 2014 at 04:02:09 PM PST

  •  So, why aren't we doing something about it? (1+ / 0-)
    Recommended by:

    Don't give me that..."vote the bums out" routine.  All we get to choose from are bums and "proto-bums".  Pre-vetted and hand selected by their future masters (and it ain't us'ens).

    You have the right to remain silent. If you waive that right you will be accused of class warfare.

    by spritegeezer on Tue Jan 14, 2014 at 04:05:20 PM PST

    •  What CAN we do about it? (0+ / 0-)
      Don't give me that..."vote the bums out" routine.  All we get to choose from are bums and "proto-bums".  Pre-vetted and hand selected by their future masters (and it ain't us'ens).
      Once in a while we do get one of the "Good Guys" elected. But I agree with you that it's waaaaaaayy too rare.
      You have the right to remain silent. If you waive that right you will be accused of class warfare.
      By members of the very class which started, and now sustains, the very same war.    :-(

      Keep your Powder Dry and your Data Local!

      by thanatokephaloides on Tue Jan 14, 2014 at 06:11:08 PM PST

      [ Parent ]

  •  Well said (0+ / 0-)

    the real moochers are at the top. We've known that for some time and it's time to change it. Forcibly or not. Americans are being treated like some kind of scum at the bottom of the barrel.  

  •  Was it Exxon or (0+ / 0-)

    some other mega oil Corp CEO who sat in a Congressional hearing when Teddy Kennedy said the subsidies we are paying to these moochers must stop.  The gentleman was mute to this point but quickly became agitated and said "You can't do that to us, it's UnAmerican!!"
    Can you believe this guy?  The richest Corp in the US.  We need another Lion of Congress before we all sell pencils and apples on the street corner.

  •  No, I'm just maximizing my profit margin ... (2+ / 0-)
    Recommended by:
    Jen Sorensen, isabelle hayes

    when I apply for unemployment benefits or Obamacare coverage. Like any good conservative would. You see, I'm a corporation now, you know, a job creator. I got my business license, so now I can do anything I want to maximize my profits. I'm too big to fail, now... BOOYA!!!

    If we abandon our allies and their issues, who will defend us and ours?

    by Bryce in Seattle on Tue Jan 14, 2014 at 04:43:24 PM PST

  •  When I pointed out the productivity increases (1+ / 0-)
    Recommended by:
    Chris Arc

    and lack of increase in pay for workers, someone actually had this novel defense of the outrageous CEO pay ...

    It was the CEOs who made the decisions to implement the technology to allow the workers to be more productive, so they should reap the rewards, not the workers.

    No, really.

  •  8 people are worth more than 50% of Americans! (2+ / 0-)
    Recommended by:
    Brian B, isabelle hayes

    The 6 Walton kids are worth 144 billion dollars and the 2 Koch brothers are worth 72 billion. Together they are worth more then 50% of Americans combined.

    While they are making billions their workers are being paid below poverty level wages and taxpayers are supporting them through public assistance. So whether you shop at Wal-Mart, Sam's Club, McDonalds or not, you are still helping them make billions.

    For details about it you can search for the article "How McDonalds and Wal-Mart became welfare queens".

  •  Here's just an example (0+ / 0-)

    of a couple of people very well cared for.  And this is from a company deeply in debt.

    Clear Channel Reveals The Numbers Behind Yesterday's Pittman And Hogan Moves
    January 14, 2014 at 4:00 AM (PT)

    YESTERDAY (NET NEWS 1/13), ALL ACCESS reported CLEAR CHANNEL MEDIA + ENTERTAINMENT Chairman/CEO JOHN HOGAN would retire and CC MEDIA HOLDINGS, INC. Chairman/CEO BOB PITTMAN had signed a five-year extension of his contract.

    The company also filed a form 8-K with THE SECURITY AND EXCHANGE COMMISSION, which provided details of those moves.

    CLEAR CHANNEL wrote, "Mr. PITTMAN will receive a base salary at a rate no less than $1,200,000 per year, which shall be increased at the discretion of the CCMH Board or its Compensation Committee.  Mr. PITTMAN will also have the opportunity to earn an annual performance bonus for the achievement of reasonable performance goals established annually by the CCMH Board or its Compensation Committee after consultation with Mr. PITTMAN.   The aggregate target performance bonus is 150% of Mr. PITTMAN’s annual base salary.

    "The PITTMAN Employment Agreement also entitles Mr. PITTMAN to participate in all pension, profit sharing, and other retirement plans, all incentive compensation plans, and all group health, hospitalization and disability or other insurance plans, paid vacation, sick leave and other employee welfare benefit plans in which other similarly situated employees of CCMH may participate.

    "During the term of his employment, CCMH will make an aircraft (which, to the extent available, will be a DASSAULT-BREGUET MYSTERE FALCON 900) available to Mr. PITTMAN for his business and personal use and will pay all costs associated with the provision of the aircraft.  If a company aircraft is not available due to service or maintenance issues, CCMH will charter a comparable aircraft for Mr. PITTMAN's business and personal use.  CCMH will make a car and driver available for Mr. PITTMAN's business and personal use in and around the NEW YORK area as well as anywhere else on company business.  CCMH will reimburse Mr. PITTMAN for reasonable legal fees incurred by Mr. PITTMAN in connection with the negotiation of the PITTMAN Employment Agreement.  The PITTMAN Employment Agreement also contains customary confidentiality, non-competition and non-solicitation provisions."

    As far as JOHN HOGAN's deal, CLEAR CHANNEL reports, "CLEAR CHANNEL BROADCASTING, INC., a subsidiary of CCMH and CCU (“CCB”), and Mr. HOGAN entered into a Severance Agreement and General Release (the “Separation Agreement”) pursuant to which CCB agreed to pay Mr. HOGAN: (1) $900,000, representing the amount previously earned by Mr. HOGAN pursuant to a supplemental incentive plan with respect to 2012 performance; (2) an annual bonus of $77,250 for performance during 2013; and (3) a prorated annual bonus with respect to the days he was employed during 2014, calculated as provided in the Employment Agreement dated NOVEMBER 15th, 2010, as amended (the “Hogan Employment Agreement”).

    "Pursuant to the Separation Agreement and in consideration of the extension by Mr. HOGAN of certain restrictive covenants applicable to him, the vesting of 93,076 restricted shares of Class A Common Stock of CCMH granted to Mr. HOGAN on OCTOBER 22nd, 2012 will be accelerated and CCMH will repurchase 83,938 of such shares (the aggregate repurchase amount of such repurchased shares, the “Repurchase Amount”), provided Mr. HOGAN does not revoke the Separation Agreement.

    "Additionally, in exchange for the Separation Agreement, Mr. HOGAN’s release of claims and the extension of certain restrictive covenants applicable to him, and provided that Mr. HOGAN does not revoke the Separation Agreement, CCB agreed to pay Mr. HOGAN: (a) $333,000, representing the remaining amount earned by Mr. HOGAN pursuant to a supplemental incentive plan with respect to 2011 performance; (b) an 'equity value preservation payment' equal to $1,027,355, paid in a lump sum payment; (c) a lump sum severance payment equal to (x) $1,538,000 minus (y) the Repurchase Amount; (d) a severance payment equal to $3,297,000, paid over 36 months; and (e) a payment of $1,000,000, paid over 12 months, beginning on the first anniversary of the date of separation.

    "However, if Mr. HOGAN violates the restrictive covenants contained in Sections 4, 5 or 6 of the HOGAN Employment Agreement, the severance payments referred to in (d) and/or (e) above shall cease and Mr. HOGAN will be required to promptly repay amounts already received.  Mr. HOGAN is also entitled to received continued healthcare coverage for 36 months, continued secretarial services for six months, $20,000 in outplacement services, and a housing allowance of $25,000 per month for up to nine months, which amount is grossed up for certain applicable taxes; provided, that the housing allowance payments will stop if Mr. HOGAN ceases to have obligations under the terms of his current lease agreement.  CCB also will pay up to $25,000 for Mr. HOGAN’s reasonable legal fees incurred in connection with the negotiation of the Separation Agreement."

    [The comments are interesting, too.  Not known as a liberal website, only 1 out of 14 dared defend this payout. Most of the others were quite incensed!]

  •  moochers at the top. (3+ / 0-)

    I think Tolstoy put it so eloquently:

    "I sit on a man's back, choking him and making him carry me, and yet assure myself and others that I am very sorry for him and wish to ease his lot by all possible means -- except by getting off his back." — Leo Tolstoy

    •  The Count was definitely an interesting man (0+ / 0-)

      And was a deeply committed Christian, in a way few are, especially later in life (though he wasn't a brilliant husband and the final years were very hard on his wife). And quite probably influenced both Mohandas Gandhi and MLK with "The Kingdom of God is within you".

  •  Well said ... (0+ / 0-)

    Okay, politics is now a TEAM SPORT, and we are all loyal fans to our team. Our team consists of many different players, but all must act as one ... same as in sports.

    Silly, but, for many, it's true. My advice for any who care to hear it is that we take a serious look at who is backing the trained chimp that running for office. Sure, they're all double-talking story tellers, but those back by $-big-$ money and special interests are usually the ones to back away from.

    There is - however - a however to this, and it's simple. If the special interest is one known to support matters regarding the 98% among us ... well, maybe they deserve some consideration. You see, the Koch Brothers really don't care about you and me ... the little people - their father founded The John Birch Society, and they learned well. Now they, taking after their father, founded and back Tea Party folks.

    Think about it.    ‹(•¿•)›

  •  $ moany (0+ / 0-)

    Corporate formula for setting workers the boss I got mine, all mine.

  •  Minimum Wage... (0+ / 0-)

    Should be tied to an economic index, the same as social security and many other financial considerations. That way, when businesses do well, so will the workers.

    Our refusal to address the minimum wage level in a meaningful, consistent and constructive manner constitutes our failure to properly maintain our economic structure, which made us the most powerful economic force on the planet.

    If we do not do the right thing soon, that will all crumble, and we will end up with China in the driver's seat, and calling the shots!

    Heads up to business owners:
    I am willing to pay a little more for my products and services, as long as your workers are paid a living wage.

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