Category Archives: economic equality

Other countries want you as a university student – English-speaking classes with virtually no tuition

If you are not a resident of Pennsylvania you can still earn a nursing degree at Penn State University in four years at a tuition-only cost of $154,600.

Or you could get the same education (with brat bun, not frat fun) free in Germany.

Free?

And you don’t have to speak German?

Public universities in Germany charge no tuition to anyone, including Americans , ugly or otherwise. Classes are offered in spoken English.

Students, who want degrees (in English) from among the world’s best institutions, can enroll in schools like  University of Munich, University of Hamburg or Ruprecht Karl University of Heidelberg, three of the country’s best schools, and pay no tuition. Some years ago the government initiated a $500 a semester tuition charge, but students revolted and it was eliminated.

American students enrolled in public universities in Slovenia Continue reading →

Who controls the World? Here’s what you need to know about how super companies are connected!

A study by the Swiss Federal Institute of Technology in Zurich has found that a mere 147 corporations control the world – orchestrating events and controlling governments. Many of their officials are members of the Trilateral Commission, participants in world economic forums and leaders of national governments.

The analysis examined the relations between 43,000 transnational corporations (TNC), and decided that the top 147 mega-corporations had huge power over world events.

James Glattfelder, who directed the Zurich team, said they began with a database listing 37 million companies and investors in the world. They identified 43,060 TNCs and the share ownership linking them. A model of which companies controlled others through shareholding networks, along with each company’s operating revenues, was created to map the structure of economic power.

From the 43,000 TNCs, the study revealed a core of 1,318 companies with interlocking owners. Continue reading →

Donald Trump will easily win the Wall Street vote!

President Donald Trump in February 2016:

“I know the guys at Goldman Sachs. They have total, total control over him (Ted Cruz). Just like they have total control over Hillary Clinton.”

Times have changed and there are now suggestions to rename the “East Wing” to “Hedge Fund Headquarters.”

Or more accurately – “GS Village in the Capitol.” This is the place where old bean counters and masters of economic disaster gather to decide how much financial misery the “little people” will endure without revolting.

A good and quick example is Anthony Scaramucci, He worked at Goldman Sachs‘s Investment Banking, Equities, and Private Wealth Management divisions from 1989 to 1996. Flamboyant, like his fictional counterpart, he lasted ten days before Trump replaced him with a retired general. The president’s picks for his cabinet tend to be either Wall Street bankers or multi-star generals. Guns and promises of rose gardens?

But GS and the financial class are hardly left without influence, despite Continue reading →

Foreigners take our best jobs under H-1B scheme; video exposes “fake news” approach at CNN!

American universities produce the best software engineers, IT managers and programmers  in the world, but many can’t find a job or have taken pay cuts in recent years.

India’s Navin Kabra, 20+ years of being a software engineer at various levels, explains why in a comment on Quora:

Because there are too many software engineers in India, and not enough in the US.

Because India is churning out 1 million new engineers every year, whereas the industry requires only about 200,000 of them.

Because the “average” fresh software engineering graduate in India can barely program, and 40% of them fail the Fizz Buzz test (as per actual data we’ve collected over the last 2 years), whereas the average software engineering graduate in the US is likely to be much better (as per my anecdotal data).

Kahra was answering this question:

Why is the median salary of a software engineer in India around Rs 3.6 Lakh, whereas in US it is $71k(ie Rs 44Lakh), which is nearly 12.4 times that of India, but the cost of living or equivalent salary of US is considered to be only 4 to 5 times that of Indian salary?

Which brings me to the one bright hope in recent years that the abominable H-1B Continue reading →

Will Facebook “change your status” to “go directly to jail” for what it identifies as suspicious posts?

“The long term promise of AI (Artificial Intelligence) is that in addition to identifying risks more quickly and accurately than would have already happened, it may also identify risks that nobody would have flagged at all including terrorists planning attacks using private channels, people bullying someone too afraid to report it themselves, and other issues both local and global,”

Those are the words of an early version of a Facebook manifesto, content later removed in the final version by Mark Zuckerberg, one of the richest men in the world – $62.4 billion. (By comparison, Zuck’s assets equal the total family wealth of 12,755,000 African-American households.)

But here’s what the published version of the document said:

“Looking ahead, one of our greatest opportunities to keep people safe is building artificial intelligence to understand more quickly and accurately what is happening across our community.”

It added: “Going forward, there are even more cases where our community should be able to identify risks related to mental health, disease or crime.”

Zuck also wants you to be fed the Facebook Continue reading →

That buy your green card pitch by Kushner’s sister in China renews controversy over visas for the rich

If you had $300 during the Civil War you could avoid that first Draft by just paying the dough and walking away. No money, you could go to jail or possibly become one of the 620,000 Americans killed on the battlefields.

When it comes to citizenship, the rich don’t need to climb that wall or swim that Rio Grande, now they just put up money, $500,000 or more to be exact, to invest in some project in the U.S. and agree that somehow that will create ten new jobs.

Some 85% of all these “investment citizens” are from China. The deal is called EB-5 Visa, and not only can you become an American, but so can the wife and children – all for the same price.

By this criterion, anyone with enough money can buy citizenship. Poor folks need not apply.

The program was extended last week by President Donald Trump, even though he said he had qualms about it during the campaign last year. The day after he signed the extension, the Kushner organization was in Beijing, selling investments in the luxury apartment building, One Journal Square, that is set to be built next year in Jersey City. A brochure blasted:

“Invest $500,000 and immigrate to the United States.”

Continue reading →

How to instantly add $54 billion to Trump budget revenues and end every cut to every department

It’s as easy as: one, two, three!

The 2018 Donald Trump Federal Budget can be balanced, even when including nearly $54 billion in increased Defense Department spending, and not one federal department would require any cuts in spending.

These are the proposed $54 billion in department cuts that would not have to take effect under my 123 Plan:

Agriculture 2018 Budget

  • Eliminates $500 million Water and Wastewater loan/grant program
  • Eliminates $200 million McGovern-Dole International Food for Education program
  • Cuts Women, Infants and Children nutrition assistance from $6.4 billion to $6.2 billion
  • Unspecified staff reductions at USDA service center agencies
  • Cuts $95 million from Rural Business and Cooperative Service

Continue reading →

British want to fight inequality – it’s worse here!

British Labor Party leader Jeremy Corbin is starting a campaign against inequality that should be emulated by all (five, ten?) American politicians not controlled by big business.

“One proposal is pay ratios between top and bottom, so that the rewards don’t just accrue to those at the top,” he said.

“Of the G7 nations only the US has greater income inequality than the UK, and pay inequality on this scale is neither necessary nor inevitable.”

Corbin is talking about real compensation – wages, salaries and bonuses – while many reports for the American public will note an executive $1 million wage, but exclude their $12 million bonus. That trick is good PR for the overpaid, but not good statistics when comparing worker to CEO. Also not mentioned is that company owners (with no work required) usually make much more than the executives. When comparing apples to apples, the mismatch is onerous.

“Total direct compensation for 300 CEOs at public companies increased 5.5% to a median of $11.4 million in 2013, concluded an analysis by The Wall Street Journal and Hay Group. A separate AFL-CIO study of CEO pay across a broad sample of S&P 500 firms showed the average CEO earned 331 times more than the typical U.S. worker last year. In 1980, that multiple was 42,” according to a report in the Wall Street Journal in November, 2014.

Gave you halfThe record of being the most unequal of G7 nations – Canada, France, Germany, Great Britain, Italy, Japan, and United States – is a distinction without merit. So-called pay inequality solutions here include lowering the taxes on the highest paid, sheltering savings of the richest Americans, and maintaining government subsidies to the poorest workers (EITC), rather than really raising (not $10.10) the minimum wage. And those negative plans are the ones endorsed by many in the Democrat Party. Most in the GOP also want to privatize everything from national parks to public roads and schools – in short, anywhere a buck can be squeezed.

“Another proposal would be to bar or restrict companies from distributing dividends until they pay all their workers the living wage,” Corbin explained.

“Only profitable employers will be paying dividends, if they depend on cheap labor for those profits, then I think there is a question over whether that is a business model to which we should be turning a blind eye.”

During the 2008 financial crisis, it was common that many, running for public office, also espoused caps on highest salaries to five or ten million dollars. Continue reading →

Does Heritage Foundation want Communist plan for Social Security? GOP candidates should denounce!

The Heritage Foundation is the think tank for so-called conservative Republicans, who offer flat tax plans, skeleton government goals and the destruction of Social Security as we know it today.

social-security.gifThe current Social Security program is regressive, and pays a lower percentage in retirement pension, the more you contribute. A retiree, who has paid in the maximum amount (on wages less than about $118,000 in current dollars), will contribute three times as much FICA taxes and receive only twice the benefit at retirement. But at least there is some relationship between the amount of taxes paid and the value of benefits received.

Rather than attempting to make the program more fair, the so-called capitalist Heritage think tank has gone completely Communist by urging a Marxist doctrine of “from each according to their earnings to each according to their needs.”

The foundation wants to pay anyone, who contributes even a pittance into the Continue reading →

Tax credit cuts will make Britains work much harder – like Chinese or Americans – British Health Secretary tells the poor

hunt-ja

Smirk, smug and telling you to work harder

British Health Secretary Jeremy Hunt thinks the British don’t work hard enough because they have too generous tax credits – a benefit similar to the U.S. Earned Income Tax Credit (EITC).

Hunt seemed like a money-grubbing rich person when he explained:

“My wife is Chinese. We want this to be one of the most successful countries in the world in 20, 30, 40 years’ time. There’s a pretty difficult question that we have to answer, which is essentially: are we going to be a country which is prepared to work hard in the way that Asian economies are prepared to work hard, in the way that Americans are prepared to work hard? And that is about creating a culture where work is at the heart of our success.”

“Dignity is not just about how much money you have got … officially, children are growing up in poverty if there is an income in that family of less than £16,500 (a £ is worth about $1.52 U.S.). What the Conservatives say is how that £16,500 is earned matters.

“It matters if you are earning that yourself, because if you are earning it yourself you are independent and that is the first step towards self-respect. If that £16,500 is either a high proportion or entirely through the benefit system you are trapped. It is about pathways to work, pathways to independence … It is about creating a pathway to independence, self-respect and dignity.”

In one sense Jeremy agrees with many Americans. We do work hard. We spend too many hours at work. Many of us are underpaid. For Jeremy all that is good – because he is rich Continue reading →

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