Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf you ever need an example of class-warfare:
https://theconcourse.deadspin.com/how-is-this-shit-legal-1827813308This past spring, Michael Ferro resigned as chairman of publicly traded media-looting hell-company Tronc, Inc., just ahead of the publication of sexual harassment allegations against him. As a parting gift, Tronc paid him $15 million, voluntarily bundling up the total value of a three-year consulting contract into one lump payment expensed against the companys earnings and putting itself $14.8 million in the red for the first quarter. Today, Tronc gutted the New York Daily News, laying off at least half of its editorial staff to cut costs.
...
Its legal to decide, freely, that you will pay a disgraced former executive tens of millions of dollars all at once rather than over a period of yearsor rather than going to court to argue you shouldnt have to pay a guy $15 million for not being able to keep his fucking hands to himself!and then recover some or all of the cost by just straight-up taking peoples livelihoods away from them.
...
In absolutely any moral sense these things are pure theft, but theyre all legal, because in America, despite all this societys supposed hatred of class warfare, its legal for the rich to prey upon the rest of us. In America, a common person might go to jail for writing a bad check, but a billionaire vampire can destroy peoples careers and strip their healthcare from them and just straight-up hand that money over to one of his rich pals and nobody can even so much as write either of them a fucking ticket for it.
...
Its legal to decide, freely, that you will pay a disgraced former executive tens of millions of dollars all at once rather than over a period of yearsor rather than going to court to argue you shouldnt have to pay a guy $15 million for not being able to keep his fucking hands to himself!and then recover some or all of the cost by just straight-up taking peoples livelihoods away from them.
...
In absolutely any moral sense these things are pure theft, but theyre all legal, because in America, despite all this societys supposed hatred of class warfare, its legal for the rich to prey upon the rest of us. In America, a common person might go to jail for writing a bad check, but a billionaire vampire can destroy peoples careers and strip their healthcare from them and just straight-up hand that money over to one of his rich pals and nobody can even so much as write either of them a fucking ticket for it.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 1646 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (31)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
If you ever need an example of class-warfare: (Original Post)
DetlefK
Jul 2018
OP
BSdetect
(8,994 posts)1. Vulture capitalism in the age of monopoly capitalism
Wounded Bear
(58,598 posts)2. We're approachng 1890's level corruption...
and 1920's levels of income inequality.
I suspect shit gonna get real pretty soon.
FakeNoose
(32,579 posts)3. It's the one-percenters' obsession with short-term gains
That's all they EVER care about, and they don't care whom they have to screw to get it either.
This will never change in an oligarchy/plutocracy system. It will only get worse.