Republican and Democrat politicians, plus the Media brain trust, are missing the catastrophe coming from the $600-a-week Covid-19 unemployment compensation supplemental benefit for all 50 states. In the ivory tower of statistic worship and technocratic analysis, the supplement makes sense. When millions lose jobs, unemployment insurance only covers about $400 average per week. With overtime, … Continue reading Why work, when millions can earn much more staying home, collecting $600 plus average $400 state unemployment check
What a guy! "Jeff" Bezos, the world's richest person, has been paid the same $81,840 salary from Amazon for two decades. Perhaps, because he needed extra cash last year to pay grocery bills, divorce lawyers and utilities, Bezos sold $1.8 billion of his Amazon stock, and kept about $1.44 billion after 20% federal capital gains … Continue reading Many of America’s biggest companies paid no federal income tax last year, or had credits under new corporate-friendly tax law
Business-beholden members of Congress are falsely boasting that their 2017 tax law has been responsible for less unemployment and slightly higher hourly wages. They praise themselves and President Donald Trump for cutting corporate rates from 35% to 21%, eliminating most taxes on dividends and capital gains, doubling the exemption for inheritance tax, and dropping the … Continue reading Higher wages, more jobs not from Trump pro-business economy; instead credit goes to DOL for overtime exempt rule change
George Soros Besides their age - 89 - George Soros (born Schwartz György) and Warren Buffett, profiled here last week (see Part 1), have much in common: Both are billionaires. Both attempt to avoid publicity. Both have media empires. But, to borrow from the late JFK, Soros is no Warren Buffett. The lovable Buffett is … Continue reading The billionaires who own the media – Part 2
Warren Buffett BH Media Group serves communities in 10 states. We own and operate 30 daily newspapers along with their digital sites. BH Media also publishes 47 paid weekly newspapers and 32 other print products. If you ever wondered what billionaires do with their money, besides buying 600-foot yachts and $100 million NYC penthouses - … Continue reading The billionaires who own the media – Part 1
When you don't count Walmart, the largest employers in the world, are in China, not the United States. And the biggest firms in China are industrial and manufacturing companies, not a low-wage retailer China National Petroleum (1,636,532), China State Grid (913,546), Foxconn (803,126) and Sninopec (667,799) together employ 4,021,003 workers. Foxconn is well known in … Continue reading China’s companies win the race for producing employment giants, dwarfing American firms like GM, Apple or Exxon
They are all white. They are all men. They are all rich. But you never hear politicians, professors or protestors criticize these richest men in America, because wealth has its privileges and allows immense power. It's not just being able to buy your children entrance into the best colleges, or owning a $100 million house … Continue reading Seven men together are twice as rich as 16,800,000 median Black households, or 42,000,000 citizens
Instead of playing the lottery or completing my 2018 Income Tax, yesterday I imagined I was Jeff Bezos It was a typical day with nothing to do except harass the workers at Whole Foods, so I decided to buy a boat. But not just any boat. A big boat - in fact, a ship. Large … Continue reading The very rich cannot only pay for QM2-size yachts, they have enough $$ to purchase entire nations!