The Conservative Cave
Current Events => The DUmpster => Topic started by: BannedFromDU on March 13, 2014, 12:09:22 PM
-
Star Member WillyT (52,827 posts)
2 Charts That Will Enrage Everyone (Well, Except Bankers) - HuffPo
2 Charts That Will Enrage Everyone (Well, Except Bankers)
The Huffington Post | by Maxwell Strachan
Posted: 03/12/2014 4:58 pm EDT Updated: 03/13/2014 9:59 am EDT Print Article
<snip>
Take every single dollar made by full-time workers earning the federal minimum wage last year. Now double that pile of cash. OK, now we’re in Wall Street bonus territory.
Wall Street pulled in $26.7 billion in cash bonuses last year, according to estimates revealed Wednesday by the New York state comptroller. That’s up about 15 percent from the previous year, and amounts to $164,530 per person when split up among the industry’s 165,200 employees in New York.
In a new report the Institute for Policy Studies, a progressive think-tank that advocates for pay fairness, paints those bonuses in a rather startling way: Wall Street's cash pile is now nearly double what the country’s 1.085 million full-time minimum wage workers made all of last year.
(http://i.huffpost.com/gen/1674408/original.jpg)
and some other stupid chart that shows nothing
Marxism can be boiled down to exactly one thought: a worker is a worker. (http://www.democraticunderground.com/10024656881)
Let me ask you lurking DUmmies something: suppose you're starting a business (I mean a real business, not one where you market your poli sci texts from 1972). When you want capital to get things rolling, do you mean to tell me that you're just as likely to go see a pimply kid flipping burgers at McDonald's than you are a banker?
Get me, guys - I'm a DUmmy looking for capital to finance or buy a business: "You know, I'd like to expand my business of making custom kneepads for ProSense and MSNBC hosts. But I'm currently tapped out. I can't finance growth through cash flow, so I need capital. Or I need to go buy someone else. Hm. It's a hell of a problem. Well, I guess I have to get the suit out and do a roadshow. I'm not sure I want private equity money, because I want to retain control, but I should at least listen to them. Bank money might be expensive, but only until I start growing. What I need, really, is some advice. Here's what I'm going to do. I'm going to make exactly two calls. The first will be to Goldman Sachs, who has experience advising people like me, and arranging capital for well-formed and promising ideas. The other call is going to be to Jimmy McZittles, who works a couple nights a week at the Cinnabon. Advice is advice. One of those two, Goldman or McZittles, is going to get me going.
Do you get what I'm saying, DUmmies? People who make minimum wage aren't in the same universe as people who allocate capital and create billions in wealth. If being a capitalist was that easy, YOU'D be doing it. Instead, you don't even have MINIMUM WAGE jobs. Worthless addicted assfaces.
-
What that graph tells me is that one should strive to get a better career than a burger flipper for life.
-
What that graph tells me is that one should strive to make more than minimum wage.
That, lurking DUmmies, is the difference between us and you.
^5 for what is known as LUCIDITY.
-
Funny, I don't feel enraged.
At any rate, you're wrong, BFDU. Taverner once told us that all you needed to be a hedge fund manager was a computer keyboard.
:rotf:
-
Funny, I don't feel enraged.
At any rate, you're wrong, BFDU. Taverner once told us that all you needed to be a hedge fund manager was a computer keyboard.
:rotf:
He also said that about running an internet forum and look how well that turned out.
-
Taverner once told us that all you needed to be a hedge fund manager was a computer keyboard.
And someone who trusts you with more than their hedge clippings to invest. I don't get why DUmmies don't pool their funds and let one of them manage it for them. Granted, only three or so of them have a pot to piss in, but they're supposed to believe in taxing the 1%. Come on, kpete. GIVE.
-
Hey DUmbasses,remember how you loved QE3?
http://www.conservativecave.com/index.php/topic,78102.0.html
-
Hey DUmbasses,remember how you loved QE3?
http://www.conservativecave.com/index.php/topic,78102.0.html
For the lurkers afflicted by stupidity, let me elaborate: cheap money means cheap equities. Cheap equities means cheaper capital. Cheaper capital means more activity, M&A and otherwise. That means more business for Wall Street.
So if you liked QE3, you LOVE Wall Street.
-
The pace of "the rich getting richer, and the poor getting poorer" has really picked up under Obama. Obama loves poor people so much that he is making more of them.
-
For the lurkers afflicted by stupidity, let me elaborate: cheap money means cheap equities. Cheap equities means cheaper capital. Cheaper capital means more activity, M&A and otherwise. That means more business for Wall Street.
So if you liked QE3, you LOVE Wall Street.
Exactly,billions a month dumped into the equity market by Obozo.
http://en.wikipedia.org/wiki/Quantitative_easing
A third round of quantitative easing, "QE3", was announced on 13 September 2012. In an 11–1 vote, the Federal Reserve decided to launch a new $40 billion per month, open-ended bond purchasing program of agency mortgage-backed securities. Additionally, the Federal Open Market Committee (FOMC) announced that it would likely maintain the federal funds rate near zero "at least through 2015."[44][45] According to NASDAQ.com, this is effectively a stimulus program that allows the Federal Reserve to relieve $40 billion per month of commercial housing market debt risk.[46] Because of its open-ended nature, QE3 has earned the popular nickname of "QE-Infinity."[47] On 12 December 2012, the FOMC announced an increase in the amount of open-ended purchases from $40 billion to $85 billion per month.[48]
On 19 June 2013, Ben Bernanke announced a "tapering" of some of the Fed's QE policies contingent upon continued positive economic data. Specifically, he said that the Fed could scale back its bond purchases from $85 billion to $65 billion a month during the upcoming September 2013 policy meeting
-
If they spent as much effort worrying about their own income as they do about what others make they would find that the money other people make has no effect on them
-
It would be interesting to see them "eat" the top 1% just on the island. Just keep doing it until there's none of those evil rich left.
-
7-8 million people kicked off of the insurance plan they like is a "small percentage" and not worth worrying about....at least to Obama. So 1 million is an infinitesimal percentage why is Obama worrying about them?
-
7-8 million people kicked off of the insurance plan they like is a "small percentage" and not worth worrying about....at least to Obama. So 1 million is an infinitesimal percentage why is Obama worrying about them?
7 million losing coverage is nothing.
3 million signing up for 0losercare, however, is a huge number.
ergo, to a liberal, 3 > 7.
-
Thos subhumans wouldn't know about ROI if it was drilled between their eyes. Hedge fund managers get a cut from investing capital from very very rich people when they make good investments.
In terms they can understand, it's like when you pay a portion of your "winnings" to the social security lawyer who helped you qualify for a bogus social security claim.
-
I mean a real business, not one where you market your poli sci texts from 1972
:rotf: :rotf: :rotf:
:hi5:
-
7-8 million people kicked off of the insurance plan they like is a "small percentage" and not worth worrying about....at least to Obama. So 1 million is an infinitesimal percentage why is Obama worrying about them?
"A single death is a tragedy. A million deaths? Merely a statistic." -Joseph Stalin
That the mindset of the left, anyway.
-
Funny, I don't feel enraged.
At any rate, you're wrong, BFDU. Taverner once told us that all you needed to be a hedge fund manager was a computer keyboard.
:rotf:
(http://breakthehuddle.files.wordpress.com/2012/04/monkey-keyboard.jpg)
Now, wait....Taverner said this would work......
-
7 million losing coverage is nothing.
3 million signing up for 0losercare, however, is a huge number.
ergo, to a liberal, 3 > 7.
Beat me to it..... :cheersmate:
-
If they spent as much effort worrying about their own income as they do about what others make they would find that the money other people make has no effect on them
And racking up 100k posts to bitch about it at the DUmp doesn't help their case either.
-
This thread reminds me SO much of those people who used to bitch about how much money I made doing real estate and, how little I had to do for it. My response to them was always the same; Get your RE License and I'll be more than happy to be your sponsoring broker.
Not a single one ever took me up on my offer. Hell, I would have fronted them the cash for the classes/tests/license/fingerprinting/association dues/MLS fees/yougettheidea.
KC
-
This thread reminds me SO much of those people who used to bitch about how much money I made doing real estate and, how little I had to do for it. My response to them was always the same; Get your RE License and I'll be more than happy to be your sponsoring broker.
Not a single one ever took me up on my offer. Hell, I would have fronted them the cash for the classes/tests/license/fingerprinting/association dues/MLS fees/yougettheidea.
KC
DU exists as a repository for exactly the sort of bullshitter who would sooner die than lift a finger to help himself. Not only is most lucrative work really hard, but it requires even more hard work. DUmmies think hard work is hammering a BUCK FUSH sign in their front yard.
-
The income disparity is outrageous.
All these million-plus full-time minimum-wage drones are making nearly $15K each. Fifteen thousand dollars!!
Compare this to the wages paid to brilliant DUmpmonkeys like Will Pitt and nutcase nadin.
Fifteen thousand dollars versus zero!!
Actually this problem will soon be solved.
The insurance mandate will assure that none of these people will work more than 29 hours per week.