When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Wednesday, October 2, 2013

Plutocrats, Persecution, Sociopaths

The 2 biggest problems in the US: 1) inept, incompetent "Big Brother" government; 2)  The uber rich who benefit the most from that government (tax breaks, big contracts, and other special favors), they own the "Big Brother" government through K Street lobbyists, law firms, and political contributions -- Obama and Congress are just their "boys" -- and yes, Krugman (read article at link below) is right, they are sociopathic:

Plutocrats Feeling Persecuted - NYTimes.com: "Robert Benmosche, the chief executive of the American International Group, said something stupid the other day. And we should be glad, because his comments help highlight an important but rarely discussed cost of extreme income inequality — namely, the rise of a small but powerful group of what can only be called sociopaths. . . . Also, notice what both men were defending: namely, their privileges. Mr. Schwarzman was outraged at the notion that he might be required to pay taxes just like the little people; Mr. Benmosche was, in effect, declaring that A.I.G. was entitled to public bailouts and that its executives shouldn’t be expected to make any sacrifice in return. . . ." (read more at link above)


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects