Day: May 28, 2022

Are You Worried About Inflation?

Rising food costs…..gas prices doubling……housing costs going out of sight…..low wages…..

If you are worried then do not be so……

Why?

The CEOs are having a bumper year in 2022……

Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according to data analyzed for the AP by Equilar. That leap was the biggest since a 23.9% surge for 2010 compensation packages, according to the data analyzed by Equilar. The gain towers over the 4.4% increase in wages and benefits netted by private-sector workers through 2021, which was the fastest on record going back to 2001. The raises for many rank-and-file workers also failed to keep up with inflation, which reached 7% at the end of last year.

CEO pay took off as stock prices and profits rebounded sharply as the economy roared out of its brief 2020 recession. Because much of a CEO’s compensation is tied to such performance, their pay packages ballooned after years of mostly moderating growth. In many of the most eye-popping packages—such as Expedia Group’s, valued at $296.2 million, and JPMorgan Chase’s $84.4 million—boards gave particularly big grants of stock or stock options to recently appointed CEOs navigating their companies through the pandemic, or to established leaders they wanted to convince to hang around.

The CEOs often can’t cash in on such stock or options for years, or possibly ever, unless the company meets performance targets. But companies still must disclose estimates for how much they’re worth. Only about a quarter of the typical pay package for all S&P 500 CEOs last year came as actual cash they could pocket. Whatever its composition, the chasm in pay between CEOs and the rank-and-file workers they oversee keeps widening. At half the companies in this year’s pay survey, it would take the worker at the middle of the company’s pay scale at least 186 years to make what their CEO did last year. That’s up from 166 a year earlier.

I know I shall go to bed feeling less hungry because the CEOs are doing so well for themselves.

How about you?

***Obviously, in case you missed it, is sarcasm***

I Read, I Write, You Know

“lego ergo scribo”

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Jefferson, The Great Humanitarian

I will close out my weekend posting with a bit of history….American history that few know anything about…..

We all know that most GOPers hold Thomas Jefferson in high regard….which in itself is confusing…..most GOPers are ‘religious’ at least when in the public eye…….and their hero was not….he made his own New Testament without all the ‘miracles…..it is called the “Jefferson Bible”……

Had he lived during the Inquisition, Thomas Jefferson would have been burned at the stake. His ideas about Jesus and Christianity were far from orthodox. A product of the Enlightenment, Jefferson believed that everything, including religion, should be examined in the light of reason.

When Jefferson examined the Gospels he came away with a strongly divided opinion. “I find many passages of fine imagination, correct morality, and of the most lovely benevolence,” he wrote in an 1820 letter to William Short, “and others again of so much ignorance, so much absurdity, so much untruth, charlatanism, and imposture, as to pronounce it impossible that such contradictions should have proceeded from the same being.”

Discover Thomas Jefferson’s Cut-and-Paste Version of the Bible, and Read the Curious Edition Online

Just little history as a lead into my next piece of history.

Jefferson wanted to screw the indigenous people……

Thomas Jefferson once secretly wrote to Congress that the US would try to drive Native Americans into debt in order to take their land.

The US president’s note to lawmakers was referenced in a report from the Interior Department

“In 1803, President Thomas Jefferson delivered a Confidential Message to Congress on Indian Policy explaining a strategy to dispossess Indian Tribes of their territories in part by assimilation,” the report said.

According to the report, Jefferson believed “a policy of assimilation would make it easier and less costly in lives and funding for the United States to separate Indian Tribes from their territories.”

Executed alongside the assimilation policy would be a process to encourage Native Americans to make purchases with credit. The hope, according to the report, was that they would fall into debt, meaning Indian tribes would have to “cede their land” to the US.

“To promote this disposition to exchange lands which they have to spare & we want, for necessaries, which we have to spare & they want, we shall push our trading houses, and be glad to see the good & influential individuals among them run in debt, because we observe that when these debts get beyond what the individuals can pay, they become willing to lop th[em off] by a cession of lands,” Jefferson wrote in his letter to Congress.

Jefferson had even more ideas on how to screw the NAs…..

https://www.businessinsider.com/jefferson-note-drive-native-americans-into-debt-take-land-2022-5

Even the so-called ‘pillars’ of our nation were deep down racist pigs.

Plus the vitriol that is part of the American political scene is nothing new…..it goes all the way back to the very beginning of our political process….

John Adams, a hermaphrodite who is secretly trying to marry the American Presidency to the British Crown? Thomas Jefferson, an atheist and anarchist who supports incest? These are just some of the attacks hurled in the election of 1800. You didn’t think the early republic was some golden age of political decorum, did you?

So you see nasty insults are nothing new in America.

Be Smart—-Learn Stuff….

I Read, I Write, You Know

“lego ergo scribo”