The link below takes you to a piece that interests us for several reasons. First, the author was disgraced for what some considered to be his causal contribution to the dotcom bubble, allegedly recommending grossly overvalued tech stocks to curry favor with their CEOs, which helped drive his firm’s booming investment banking business while brokerage customers, taking those arguably bogus stock picks of his to be the legitimate work of an ethical research analyst, lost their shirts in the inevitable bloody aftermath.
Secondly, Dotcom Guy is so right here we have to point it out to our valued subscribers. Right about everything. You can’t possibly have a domestic economy that works unless the overwhelming majority of its consumers bring home the incomes needed to nurture it, and collectively, these are called the American Worker. Unemphasized is the cruel reality that many of our greatest companies now derive their growth from expansion overseas, so much so that all too often increases abroad must first offset contraction in at least some of their markets here and then jack up the outfit’s reported top line by whatever numbers are left over.
But most of all, nobody ever points out that “stock options”, first enabled by Washington legislation effective Jan 1, 1981, account for the entire disproportionate rise in the income of the 1% since December 31, 1980, and, regrettably, that omission is true of Dotcom Guy's observations in this article too. It’s money filched from investors by an illegal act of Congress. All of it. And you can see the result in the graphs that illustrate the point of his story.
Look for evidence of this outrageous criminal activity as you eyeball the glitz accompanying the linked piece. Until people realize that our stock-optioned rich are simply stealing all that loot from their own dang investors, rigged-market Nepotism can only get uglier and uglier.
There is nowhere else for it to go.
http://www.businessinsider.com/henry-ford-salary-increase-2012-8
