Stock skimming, a.k.a equity “compensation”, a.k.a. stock “options”, is brilliant racketeering, the most successful scam in the History of Mankind. Enabled by The Shareholder Reaming Act of
1980, effective Jan 1, 1981, cons here have been a big reason why the
percentage of households with less than $10 thousand in assets (in constant
1995 dollars) rose from 29.7 percent to 37.1 percent between 1983 and 2010. And that
“less than” figure includes many households with no savings at all or “negative
assets”, which is newspeak for net debt.
The median net worth of American households has now reached
a 43-year low of $57 thousand (1n 2010 dollars).
Over the same 1983-2010 period the richest 1 percent grew
their wealth by 71 percent. Put the
other way, the filthy rich increased their filthy take from 68.2
percent of every-freaking-thing to 76.7 percent and that is expected to continue climbing until the
lying stocksuckers are nabbed and tossed into the slammer. Everybody else lost ground, which is what
happens when somebody has his or her falutin' hand in your falutin' pocket.
Most studies blame salaries, which is the biggest crock of
calamari since Wet Willie Clinton discussed moral values with an aghast
citizenry. A CEO takes home 380 times as
much dough as his or her average worker’s salary, mostly because the flipping motherflipper-in-charge
is pilfering the stockholder accounts too.
A little here, a little there adds the calamari up big time, cut-blocking
brokerage accounts at the knees. Victims
not only spend less, they accumulate slower – when they get swindled by the
Crime Lord in the corner office and all his/her little buddies.
Like, Duh.
But the entire blame should be placed on our media, and
here’s why. Look at the handjob one propaganda
machine gave it's readers with the numbers we just told you about:
