NEW YORK—Claiming he could easily fit into a similar position at most companies, local CEO Mike Waltke told reporters Monday that his skill set was transferable to any job that requires an inept dumbass to receive a big salary. “I have the incompetence necessary to effortlessly transition into a r…
For those asking from around the world how Britain has gotten into this mess: The Conservative Party has always been obsessed with Europe This caused divides making the party hard to manage Back in 2015 then Prime Minister David Cameron had an idea He promised a referendum on the UK’s membership of…
You predict (or have insider information) that the price of lawnmowers will fall. The current market price of a lawnmower is $1,000. You go to Eddie’s Lawnmower Rental Company and rent a lawnmower from Eddie for $10 a day. He doesn’t care about you returning the same lawnmower; he just wants you to…
Eighth Wonder of the World indeed. Here’s a nice calculator that draws graphs, and allows for monthly contributions and rate variances.…
In case that site is unavailable, and for the year 2020, it’s an exponential curve with the 50th at $67,463 75th at $122,500 80th at $141,100 90th at $201,052 95th at $273,850 98th at $386,915 99th at $594,420 Until not-too-long ago, I used to think that “the top 1%” referred to “few hundreds of m…
https://www.youtube.com/watch?v=PHe0bXAIuk0 See also: “Where profits come from”…
Though capitalism has had a longer lease of life than some of us would’ve predicted or that many of our ancestors of the socialist movement did predict or allow, it still produces the fax machine and the microchip and still able to lower its costs and still able to flatten its distribution curve v…
SOCIALIST: late capitalism has created a moral rot that pervades our entire society NEOLIBERAL: but imagine if we monetized the rot @Trillburne…
It’s important to state though, particularly since our current economic structure has pushed that “there is no such thing as society”. That might sound insane, but it is not hyperbolic. In 1987, Margaret Thatcher, Prime Minister of the UK, said that “There is no such thing as society. There is [a] l…
The economist John Kenneth Galbraith noted that “trickle-down economics” had been tried before in the United States in the 1890s under the name “horse-and-sparrow theory”, writing: Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic…