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A War On The Middle Class

by elfish

83% of all U.S. stocks are in the hands of 1% of the people.
• 66% of the income growth between 2001 and 2007 went to the top 1% of all
Americans.
• In 1950, the ratio of the average executive’­s paycheck to the average worker’s paycheck
was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to
one.
• As of 2007, the bottom 80% of [...]

The las 30 years has wrought:

• 83% of all U.S. stocks are in the hands of 1% of the people.
• 66% of the income growth between 2001 and 2007 went to the top 1% of all
Americans.
• In 1950, the ratio of the average executive’­s paycheck to the average worker’s paycheck
was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to
one.
• As of 2007, the bottom 80% of [...]

Bankers, you don’t deserve respect.

by Greg

Seriously, you don’t deserve respect. Oil well operators are way way way more important than you are.

Here’s the deal. You’re in a potentially valuable job. You are SUPPOSED to be evaluating opportunities created by other businesses that need capital to actually do things that are explicitly useful. You earn your keep by performing sound analysis and exercising seasoned judgment to decide which of them are the best candidates for [...]