cluebucket + hypocrisy   15

Noahpinion: I get what you get in ten years, in two days
"The usual economist case for income redistribution is based on utilitarianism; the idea is that $1000 matters more to a poor person than to a rich person. Mankiw wants to ditch this idea in favor of a value system based on 'just deserts':
...
"In 10 years, Mike gets $250,000. That is about what Brad gets in three days (not two; sorry, Chris Brown).
...
"'OK,' Mike says. 'But why, then, is Brad CEO so much more produtive than I am? Where does his $30 million productivity come from?' ... 'So let me get this straight,' Mike says. 'Brad deserves to be so much richer than me because of ability he was born with? People who are lucky enough to be born with high skills deserve to be able to get a Civic in half a day, while people who were born with fewer skills deserve to have to slave away for years if they want a Civic?'
"Anyway, Dr. Mankiw's answer is not forthcoming, and Mike cannot leave a comment on Mankiw's blog, due to the no-comments policy. So our story continues."
2013  2010s  noahpinionblog  blogspot  economics  comparison  wealth  poverty  greg_mankiw  income  chris_brown  america  ceo  wal-mart  car  noah_smith  life  work  disability  entitlement  hypocrisy  takedown  economy  charles_dickens 
march 2017 by cluebucket
Twitter @BreeNewsome
"Obama wasn't elected president as part of a global, anti-democratic communist movement and was himself a centrist, pro-capitalist president"
Yes. Thank you Ms. Newsome
2017  2010s  twitter.com  takedown  response  bree_newsome  barack_obama  dumb  conservative  hypocrisy  capitalism  communism  fascism  education  america  from twitter_favs
february 2017 by cluebucket
WashPost Makes History: First Paper to Call for Prosecution of Its Own Source (After Accepting Pulitzer)
"In arguing that no public interest was served by exposing PRISM, what did the Post editors forget to mention? That the newspaper that (simultaneous with The Guardian) made the choice to expose the PRISM program by spreading its operational details and top-secret manual all over its front page is called … the Washington Post."
theintercept.com  washingtonpost  2016  2010s  pulitzer  prize  newspaper  op-ed  glenn_greenwald  edward_snowden  criminal  NSA  prism  screengrab  publishing  leak  journalism  hypocrisy  secret  government  transparency 
september 2016 by cluebucket
THE PRO-CHOICE ACTION NETWORK: "THE ONLY MORAL ABORTION IS MY ABORTION"
"So what does an anti-choice woman do when she experiences an unwanted pregnancy herself? Often, she will grin and bear it, so to speak, but frequently, she opts for the solution she would deny to other women -- abortion."
joyce_arthur  2000  2000s  canada  pro-choice  abortion  prochoiceactionnetwork-canada.org  anecdote  protest  hypocrisy  choice  secret  america  australia  europe  1990s  health  women  logic  fallacy  pregnancy 
february 2016 by cluebucket
The Marshall Islands, once a U.S. nuclear test site, face oblivion again | The Washington Post
"'For four bullets into a tree in Iraq, they could fix this place.'"
...
"In 1954, the 'Castle Bravo' test... detonated with 1,000 times the force of the Hiroshima explosion. It hurled into the sky a massive plume of pulverized coral that drifted eastward and fell like ashy snowflakes on the people of Rongelap and Utirik atolls. Several days after Bravo, after children had eaten the ash, ..."
...
"In 2001, an independent nuclear-claims tribunal awarded the RMI $2.3 billion in health and property damages, but there was no mechanism to force the United States to pay it."
...
"Half the residents of Ebeye are under 20 years old, and a third are unemployed. The island has been called 'the slum of the Pacific.'"
...
"DeBrum then railed against nations that are modernizing their arsenals, a trend that he and other nations say is a violation of the grand bargain of the treaty... The United States is extending the life of its warheads, shrinking but updating its weapons infrastructure, and planning to construct a new fleet of submarines with nuclear-armed missiles.

"The price tag on this modernization plan? One trillion dollars over the next 30 years... Even though the United States has reduced its stockpile by 86 percent from its Cold War high, this reinvestment in nuclear arms doesn’t sit well with a poor island nation that has actually felt what nuclear war would be like."
1962  1960s  dan_zak  marshall_islands  washingtonpost  island  bomb  nuclear  explosion  crime  1940s  1950s  2015  2010s  america  hypocrisy  death  health  1946  1954  castle_bravo  weapon  atomic_bomb  tony_debrum  jack_niedenthal  bob_hope  bikini_atoll  territory  colonialism  war  resettlement  damage  government  cancer  diabetes  radiation  fallout  military  lawsuit  treaty  nonproliferation  climate_change  global_warming 
november 2015 by cluebucket
Greed and Debt: The True Story of Mitt Romney and Bain Capital | Politics News | Rolling Stone
"Mitt Romney, it turns out, is the perfect frontman for Wall Street's greed revolution. He's not a two-bit, shifty-eyed huckster like Lloyd Blankfein. He's not a sighing, eye-rolling, arrogant jerkwad like Jamie Dimon. But Mitt believes the same things those guys believe: He's been right with them on the front lines of the financialization revolution, a decades-long campaign in which the old, simple, let's-make-stuff-and-sell-it manufacturing economy was replaced with a new, highly complex, let's-take-stuff-and-trash-it financial economy. Instead of cars and airplanes, we built swaps, CDOs and other toxic financial products. Instead of building new companies from the ground up, we took out massive bank loans and used them to acquire existing firms, liquidating every asset in sight and leaving the target companies holding the note."
...
"Not that Romney hasn't done just fine at milking the government when it suits his purposes, the most obvious instance being the incredible $1.5 billion in aid he siphoned out of the U.S. Treasury as head of the 2002 Winter Olympics in Salt Lake – a sum greater than all federal spending for the previous seven U.S. Olympic games combined. Romney, the supposed fiscal conservative, blew through an average of $625,000 in taxpayer money per athlete – an astounding increase of 5,582 percent over the $11,000 average at the 1984 games in Los Angeles. In 1993, right as he was preparing to run for the Senate, Romney also engineered a government deal worth at least $10 million for Bain's consulting firm, when it was teetering on the edge of bankruptcy...
"But the way Romney most directly owes his success to the government is through the structure of the tax code. The entire business of leveraged buyouts wouldn't be possible without a provision in the federal code that allows companies like Bain to deduct the interest on the debt they use to acquire and loot their targets. This is the same universally beloved tax deduction you can use to write off your mortgage interest payments, so tampering with it is considered political suicide – it's been called the "third rail of tax reform." So the Romney who routinely rails against the national debt as some kind of child-killing "mortgage" is the same man who spent decades exploiting a tax deduction specifically designed for mortgage holders in order to bilk every dollar he could out of U.S. businesses before burning them to the ground."
---
thinkin bout dunkin:
"In 2010, a year after the last round of Hertz layoffs, Carlyle teamed up with Bain to take $500 million out of another takeover target: the parent company of Dunkin' Donuts and Baskin-Robbins. Dunkin' had to take out a $1.25 billion loan to pay a dividend to its new private equity owners. So think of this the next time you go to Dunkin' Donuts for a cup of coffee: A small cup of joe costs about $1.69 in most outlets, which means that for years to come, Dunkin' Donuts will have to sell about 2,011,834 small coffees every month – about $3.4 million – just to meet the interest payments on the loan it took out to pay Bain and Carlyle their little one-time dividend. And that doesn't include the principal on the loan, or the additional millions in debt that Dunkin' has to pay every year to get out from under the $2.4 billion in debt it's now saddled with after having the privilege of being taken over – with borrowed money – by the firm that Romney built."
rollingstone  mitt_romney  bain_capital  money  buyout  finance  deal  insider  wall_street  debt  crime  hypocrisy  politics  business  greed  mike_milken  1980s  1990s  2010s  2012  interest  job  company  layoff  dunkin_donuts  carlyle_group  wealth  private_equity  matt_taibbi  government  olympics  2002  tax  21st_century  20th_century 
september 2012 by cluebucket
Be a SJ Ally, not a SJ Sally
"A blog for poking fun at the hypocrisy and bigotry of blogger kiddies who are really only in it to feel good about themselves, at the second-hand embarassment of people actually trying to make a difference."
tumblr  meme  social_justice  parody  hypocrisy  blogger  social_justice_sally  activism  internet  opinion  image  politics 
august 2012 by cluebucket

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