Conservatism Has Pushed America Away From Being a Merit Based Culture

Starry Night Japan wallpaper

Starry Night Japan wallpaper

 

H/T to Mike for these links,  Bankers Explain How They Cannot Possibly Live On $1 Million Pay

Like many carbon-based lifeforms, you perhaps think that bankers are driven only by naked greed. But that is just because you don’t understand them: They actually have a deep psychological need for that money.

In a new article at the U.K. site eFinancialCareers, several bankers explain that they have legitimate reasons for needing more than one million British pounds (about $1.6 million) per year in pay — more money than most non-banking types could ever figure out how to spend. In a nutshell, it’s all about psychology.

[  ]…For one thing, taxes will quickly whittle a seven-figure income right down to the mid-six figures, perilously close to being within sight of the middle class. Then, an ex-Goldman banker points out, with the mere $600,000 in take-home pay remaining, bankers still need to “pay the mortgages on, and maintain houses, in the Hamptons and Manhattan, to put three children through private schools costing $40k a year each, and to pay living costs.”

Bankers might want to shed some of these costs by, say, sentencing their kids to rub elbows with the filthy Poors in public schools or owning just one house. But they are under constant social pressure to spend and spend some more, according to another ex-Goldmanite — who is now a psychotherapist, naturally.

I’m figuring that according to statistics most of the people that visit this blog are probably at the national median income – about $52k per year. Perhaps a few professionals – dentists, engineers, administrators, etc. who are in the  $64k to $125k range. Take a breath and try to get past the sheer cluelessness and ivory tower world view of these bankers. Look at the psychology. Their case is not that by merit of the work they, the value they provide society, the special value of their skills ( like not everyone can do fine assembly work with small electronics or watches. Not everyone can be a master carpenter, or forensic pathologist). Their value has been determined by other members of the club of bankers. Not based on merit, rather how much they think their class of people should get to maintain a certain lifestyle. Whatever that is, it is not capitalism. When someone gets a bag of salty fat laden chips with their food stamps, conservatives go ballistic over the undeserving getting the undeserved benefits. That particular issue being one of pennies and dimes. The upward distribution of unearned income, from capital created by working class Americans, the radical Right not only has no problem with, they think this is how a virtuous economy and culture should be structured. Are the bankers in the UK or the USA acting the way a patriot would act. Is this the way a patriot acts,  Global Super-Rich Stashing Up To $32 Trillion Offshore, Masking True Scale Of Inequality: Study

The global super-rich are stashing trillions of dollars offshore with the help of some of the world’s biggest banks, putting billions of dollars out of the taxman’s reach and masking wealth inequality’s true heights.

Wealthy people were hiding between $21 and $32 trillion in offshore jurisdictions around the world as of 2012, according to a 2012 study from the Tax Justice Network, an organization which aims to promote tax transparency. The study, highlighted by a recent Bloomberg News report, found that more than $12 trillion of that money was managed by 50 international banks, many of which received bailouts during the financial crisis, according to James Henry, the study’s author.

“There’s a lot more missing wealth in the world than we had known about from previous estimates,” Henry told The Huffington Post.

[  ]…The global super-rich are stashing trillions of dollars offshore with the help of some of the world’s biggest banks, putting billions of dollars out of the taxman’s reach and masking wealth inequality’s true heights.

Wealthy people were hiding between $21 and $32 trillion in offshore jurisdictions around the world as of 2012, according to a 2012 study from the Tax Justice Network, an organization which aims to promote tax transparency. The study, highlighted by a recent Bloomberg News report, found that more than $12 trillion of that money was managed by 50 international banks, many of which received bailouts during the financial crisis, according to James Henry, the study’s author.

“There’s a lot more missing wealth in the world than we had known about from previous estimates,” Henry told The Huffington Post.

The Tax Justice Network say the real scandal is that policy makers are not doing anything to shut down what is no less than mob style money laundering. Maybe elsewhere circumstances are different, but as we just saw with closing some gun safety background check loopholes, a minority party can shut down any legislation they like. With several senior Democrats retiring and a couple of those seas now in play for conservative nutbars, iit is very unlikely we’ll have a sixty seat filibuster proof majority in 2014 or 16. There were a couple of Senate Republicans on board with the background check legislation. It was very reasonable legislation that in no way interfered with a law abiding citizen buying a firearm for personal protection. It should have easily passed, but Obama liked it so, Toomey’s candor sheds light on post-policy party

So why did GOP senator put aside common sense and popular will? According to Sen. Pat Toomey (R-Pa.), who co-authored the bipartisan measure, it wasn’t just about the gun lobby — some of his Republican colleagues didn’t want to “be seen helping the president.”

“In the end it didn’t pass because we’re so politicized. There were some on my side who did not want to be seen helping the president do something he wanted to get done, just because the president wanted to do it,” Toomey admitted on Tuesday in an interview with Digital First Media editors in the offices of the Times Herald newspaper in Norristown, Pa.

If Obama came out and said he liked puppies tomorrow, Mitch McConnell (R-KY) and Paul Ryan (R-WI) would claim that puppies were a commie plot.

Never assume that conservatives cannot reach the bottom of the scum pond, they always find a way to make moral corruption the new standard for behavior: DIRTY TRICKS: Mysterious Conservative Group Sending Out Push Polls In South Carolina Special Election

A mysterious conservative group has been placing highly-misleading phone calls to South Carolina voters, trying to dissuade them from voting for the Democrat in an upcoming congressional special election.

South Carolina has a reputation for dirty tricks, and next week’s special election between former Gov. Mark Sanford (R) and businesswoman Elizabeth Colbert Busch (D) is no exception. One of the most popular tactics is known as “push polling,” whereby a group calls up voters under the guise of conducting a poll, only to ask questions that leave the voter with a highly-misleading impression about a certain candidate.

[  ]…The questions they did ask ranged from outlandish smears to thinly-veiled Republican talking points. Here are some of the issues SSI brought up in various iterations of the push poll, according to those ThinkProgress spoke with:

– “What would you think of Elizabeth Colbert Busch if I told you she had had an abortion?”

– “What would you think of Elizabeth Colbert Busch if I told you a judge held her in contempt of court at her divorce proceedings?

– “What would you think of Elizabeth Colbert Busch if she had done jail time?”

– “What would you think of Elizabeth Colbert Busch if I told you she was caught running up a charge account bill?”

– “What would you think of Elizabeth Colbert Busch if she supported the failed stimulus plan?”

– “What would you think of Elizabeth Colbert Busch if I told you unions contributed to her campaign?”

After about a half dozen of these questions, Wolford began to challenge the caller for asking such absurd questions. He apologized, telling her, “ma’am, I’m just paid to ask questions.” When Wolford asked who all he was calling, he demurred, saying he “just had to call the numbers they gave him.” She told ThinkProgress she suspects the calls were targeted towards Democratic women to try to discourage them from voting.

 

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