cluebucket + wealth   32

Bezos In Context (@BezosInContext) | Twitter
"It took Bezos 41 minutes and 43 seconds to earn $5 million."

in bio:
"We don't want your charity. Pay your taxes."
2018  2010s  wealth  bot  twitter.com  BezosInContext  jeff_bezos  amazon  money  tweet  time  value  takedown 
october 2018 by cluebucket
How the Rich Seized Control of New York | New Republic
what happened to NYC in the years between my dad leaving for war and me moving here.. just an excerpt but
newrepublic.com  nyc  wealth  poverty  city  2010s  1970s  kim_phillips-fein  book  politics  austerity  fear_city  ronald_reagan  crisis  money  real_estate 
may 2017 by cluebucket
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
Fairfax County, USA | Jacobin
"The Clinton campaign carried this brand of liberalism faithfully forward. It represented the apotheosis of a Democratic Party leadership that primarily envisions the working class as a downtrodden group in need of help, rather than a sleeping giant in need of organization. A leadership that views politics as a room where clever experts hash out benevolent policies for the neediest, rather than a field of mass struggle in which everybody’s basic welfare is at stake. A leadership that may be genuinely tolerant, inclusive, and compassionate, but whose own class blinders make it almost impossible for them to think about progressive politics in terms of collective self-interest."
politics  jacobinmag.com  2016  2010s  election  hillary_clinton  campaign  strategy  failure  work  class  poverty  wealth  statistic  matt_karp  donald_trump  race  income  state  suburb  democrat  vote 
march 2017 by cluebucket
Critics of New York City's Zoning History Sound Off - CityLab
"A few years ago, I was asked by a group of activists in Sunset Park in Brooklyn to look at an area that was proposed for upzoning. The city planning department was claiming that on certain streets, the land was “underutilized.” I went there to look, and I saw these occupied buildings. It looked like a pretty normal street to me. But to the planners, they were “underutilized.” ... These are buzzwords that conceal."
citylab.com  city  nyc  brooklyn  housing  real_estate  legal  book  author  interview  2017  2010s  urban_planning  segregation  racism  policy  tanvi_misra  tom_angotti  sylvia_morse  poverty  wealth  history 
january 2017 by cluebucket
Jann Wenner - Wikipedia, the free encyclopedia
so this person is the editor of Rolling Stone, which just decided to endorse Hillary Clinton (putting exactly zero compelling/new arguments forward, and blissfully ignoring real issues/questions)

one of the comments characterizes it succinctly as a 70-year-old businessman / media mogul 'with a private jet endorses Hillary? Shocking'

tangential but I think also fairly important is to know about the Hootie & the Blowfish kerfuffle in which he was involved (pinned here)
wikipedia  wiki  biography  hootie_and_the_blowfish  1990s  jann_wenner  rolling_stone  controversy  control  criticism  money  dumb  review  wealth 
march 2016 by cluebucket
Mineful Response and the Rise of Corporatist Spirituality « Speculative Non-Buddhism
"The Mindful-One on the couch says something with a chuckle. I can only make out the first and last parts: 'maybe we should…so they don’t rush the stage.' It gets a big, nervous laugh. Then, he gets serious. So should you.

"'This is sort of an important moment,' he proclaims. Is he about to tell us that 'Corporations have historically had a giant footprint on public infrastructure, communities and the environment without paying for it, and Google is no different. They’ll avoid paying for privatizing our bus stops like they avoid paying $11 billion in federal taxes. When a company’s chairman publicly says, 'We’re proudly capitalistic. I’m not confused about this,' you know Don’t Be Evil was just a sick joke of the Googlezillionaires.'

"No, he isn’t about to tell us that. Of course not."

...

"In under three minutes, the clip validates Slavoj Žižek’s claims that western x-buddhism, of which mindfulness has become a dominant variety, is the perfect partner for or 'supplement' to our hyper-consumerist techno-capitalist corporations."
speculativenonbuddhism.com  2014  2010s  protest  video  google  silicon_valley  mindfulness  apathy  capitalism  consumerism  conflict  glenn_wallis  corporation  san_francisco  housing  wealth  slavoj_žižek  society  change  denial  richard_payne  employment  strategy  evil  rant  takedown 
february 2016 by cluebucket
Tent City, America | MetaFilter
"On a related note, a homeless man in Virginia was found to have dug a hole in the ground to sleep in in the woods behind the Fairfax Police Department..."

> "Along with sleeping gear and digging tools were educational books and writings on religion, the English language and the United States criminal justice system."
metafilter  homeless  virginia  comment  2015  2010s  fairfax  police  economy  poverty  house  home  tent_city  america  cnn.com  dirtyoldtown  yosue_joel_rios  hole  chris_herring  placesjournal.org  life  money  underground  education  wealth  camping  tent  shantytown  housing  slum  metafilter.com 
december 2015 by cluebucket
Why trying to help poor countries might actually hurt them - The Washington Post
"The United States gave aid to Ethiopia for decades under then-President Meles Zenawi Asres, because he opposed Islamic fundamentalism and Ethiopia was so poor. Never mind that Asres was 'one of the most repressive and autocratic dictators in Africa'"
angus_deaton  nobel_prize  economics  aid  charity  poverty  development  princeton  study  professor  government  corruption  health  colonialism  controversy  skepticism  criticism  ana_swanson  2015  2010s  1980s  1970s  africa  zaire  rwanda  ethiopia  somalia  biafra  khmer_rouge  cambodia  thailand  asia  war  humanitarian  the_great_escape  wealth  inequality  dictatorship  power  data  chart  growth 
october 2015 by cluebucket
The Insecure American - NYTimes.com
"I am not, or not only, talking about right-wing contempt for the poor, although the dominance of compassionless conservatism is a sight to behold...

"What we learn from the refusal of Republican-controlled states to expand Medicaid, even though the federal government would foot the bill, is that punishing the poor has become a goal in itself, one worth pursuing even if it hurts rather than helps state budgets.

"...[T]he reality is that living longer in our ever-more-unequal society is very much a class thing: life expectancy at age 65 has risen a lot among the affluent, but hardly at all in the bottom half of the wage distribution, that is, among those who need Social Security most."
paul_krugman  economics  class  work  retirement  social_security  politics  conservative  recession  america  wealth  2015  op-ed  2010s  2000s  oblivious  politician  affluence  federal_reserve 
may 2015 by cluebucket
Big Barda's Black Baby Girl: Justine Questions
"the kicker of this is. She could have lived this stupidly entitled life quietly
That would be privilege
She would have been supported in her privilege even if she made an uncomfortable workspace in a hard to crack industry
That's institutional racism
What got her?
Was her need to be seen being MEAN about it"
2013  2010s  blackamazon  tumblr  writing  IAC  scandal  racism  justine_sacco  charity  bigotry  takedown  nepotism  wealth  privilege  twitter 
december 2013 by cluebucket
When “Life Hacking” Is Really White Privilege — Get Bullish — Medium
instead of "in bed," add "because I'm white"

"[T]he right way to talk about this — about 'ruling your world' with mind-control (and servicepeople-control) techniques — involves acknowledging structural barriers that allow some people to do this while punishing others for trying. And it involves a healthy discussion of whether we should."
medium.com  writing  2013  2010s  takedown  racism  privilege  entitlement  wealth  stealing  justice  injustice  jen_dziura  get_bullish  james_altucher  quora  access  race  class  society  white  service  rule  boundary 
december 2013 by cluebucket
The Appalling Stance of Rand Paul - NYTimes.com
"We have gone from a war on poverty in this country to a war on the poor, in which poor people are routinely demonized and scapegoated and attacked, and conservatives have led the charge.
...
"To buy into this destructive lie about the character of the poor means you've either had no experience being poor, or have no capacity to empathize with their plight.
"Being poor is a job unto itself."
charles_m._blow  nytimes  op-ed  rand_paul  conservative  poor  poverty  wealth  welfare  government  politics  politician  arrogant  takedown  society  2013  2010s  america  scapegoat  effort  wage  work 
december 2013 by cluebucket
Why Do Poor People 'Waste' Money On Luxury Goods?
"You have no idea what you would do if you were poor until you are poor. And not intermittently poor or formerly not-poor, but born poor, expected to be poor and treated by bureaucracies, gatekeepers and well-meaning respectability authorities as inherently poor. Then, and only then, will you understand the relative value of a ridiculous status symbol to someone who intuits that they cannot afford to not have it."
tressie_mcmillan_cottom  talkingpointsmemo  writing  poverty  status  society  culture  america  justice  bureaucracy  policy  feminism  clothing  fashion  appearance  symbol  wealth  2013  2010s  luxury 
november 2013 by cluebucket
This Asshole Misses the Shutdown
"San Francisco is, says Palihapitiya, 'where the value is created.' The value. The Value. All of it! And to someone like this, who truly believes he's living in the most powerful, creative, resplendent urban center on our planet, what else could the government, public works, or anything outside his own interest be but a distraction, a reason to look somewhere else but Twitter or the mirror? And what's someone struggling with furlough but a loser without a vague app idea and a wealthy friend?"
sam_biddle  writing  news  valleywag  gawker  criticism  san_francisco  technology  company  economy  asshole  money  entitlement  government  value  shutdown  nymag  kevin_roose  chamath_palihapitiya  twitter  tweet  jason_calacanis  gridlock  individualism  wealth 
october 2013 by cluebucket
Hijacking feminism - Opinion - Al Jazeera English
"US women do not need to change their attitude; they need, first, job security, good childcare, livable wages for the work they do, and physical security."
...
"Indeed, it is extremely disturbing that for these high-powered women the 'woman problem' is no longer about social justice, equity and women's emancipation - as if these have already been achieved - but about affect, behaviour modification and well-roundedness."
aljazeera  op-ed  catherine_rottenberg  feminism  class  race  wealth  economics  culture  hype  criticism  lynne_huffer  zillah_eisenstein  sheryl_sandberg  anne-marie_slaughter  elite  justice  society  america  1970s  2010s  2013  2012  theatlantic  women  facebook  balance  revolution  work  family 
march 2013 by cluebucket
Friends of Fraud - NYTimes.com
"As history shows, the financial industry’s wealth and influence can all too easily turn those who are supposed to serve as watchdogs into lap dogs instead."
nytimes  fraud  finance  america  bank  paul_krugman  dodd-frank  reform  government  wealth  influence  protection  2010s  2013  op-ed  republican  money  denial  recession  economics 
february 2013 by cluebucket
The Amanda Palmer Kickstarter Scandal : The New Yorker
"The outrage over this incident is, however, more complicated than it might at first appear. It’s entangled with the current debate about wealth inequality that has animated both the Occupy movement and the Presidential campaigns: the sense that even newly minted haves, like Amanda Palmer, really need to treat have-nots, such as local musicians, a whole lot better. Thus a long-standing music-biz scam (Chuck Berry’s ill use of local musicians is the stuff of industry legend) suddenly takes on the aspect of plutocrat and prole in a contemporary drama. It only adds piquancy that Palmer adopted the posture of the moustache-twirling boss. As she told the New York Times, 'If my fans are happy and my audience is happy and the musicians on stage are happy, where’s the problem?'"
...
"In general, there is a boom in such practices that seems tied to the digital era; you can't spell Internet without intern."
...
"As a society, we’re supposedly committed to the principle that workers, the poor, those struggling to get by, deserve a share of the wealth for practicing their craft. But we also believe that investors and owners deserve returns on their equity. What we gloss over is the irresolvable contradiction between those two things. In general, the Amanda Palmer investor will in fact be in favor of paying the musician in hugs, since that would maximize their own return: intensified exploitation of the string section should lead to more hand-knitted cassette tapes showing up in the mailboxes of the twenty-four thousand eight hundred and eighty-three backers who ponied up."
amanda_palmer  kickstarter  newyorker  writing  essay  music  industry  musician  joshua_clover  finance  culture  fundraiser  money  outsourcing  work  fantasy  labor  intern  internet  hustle  steve_albini  owen_pallett  art  communism  capitalism  wealth  investment  economy  2012  2010s  21st_century  bertolt_brecht 
october 2012 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
The Theodore Roosevelt Centennial CD-ROM
"Too much cannot be said against the men of wealth who
sacrifice everything to getting wealth. There is not in
the world a more ignoble character than the mere
money-getting American, insensible to every duty,
regardless of every principle, bent only on amassing a
fortune, and putting his fortune only to the basest
uses —whether these uses be to speculate in stocks and
wreck railroads himself, or to allow his son to lead a
life of foolish and expensive idleness and gross
debauchery, or to purchase some scoundrel of high
social position, foreign or native, for his daughter. Such
a man is only the more dangerous if he occasionally
does some deed like founding a college or endowing a
church, which makes those good people who are also
foolish forget his real iniquity. These men are equally
careless of the working men, whom they oppress, and
of the State, whose existence they imperil."
theodore_roosevelt  theodoreroosevelt  quote  transcript  index  wealth  greed  sacrifice  scoundrel  1890s  1895  malefactor  businessmen  warning  politics  politician 
august 2012 by cluebucket
Does anything say so much about the times we live in... - more than 95 theses
"...as the fact that the word sharing has almost everything to do with personal information and almost nothing to do with personal wealth?"
garret_keizer  writing  privacy  wealth  inequality  poverty  sharing  loss  economics  society  alan_jacobs  2000s  technology  information  book  excerpt 
august 2012 by cluebucket
What Ever Happened To Upward Mobility? - TIME
"A spate of new reports ... show that it's easier to climb the socioeconomic ladder in many parts of Europe than it is in the U.S. It's hard to imagine a bigger hit to the American Dream than that: you'd have an easier time getting a leg up in many parts of sclerotic, debt-ridden, class-riven old Europe than you would in the U.S.A. 'The simple truth,' says Sawhill, 'is that we have a belief system about ourselves that no longer aligns with the facts.'"
...
"In the 1970s, corporate chiefs earned about 40 times as much as their lowest-paid worker (still closer to the norm in many parts of Europe). Now they earn more than 400 times as much."
...
"[T]echnology may soon be a net job destroyer. The best hope in fighting the machines is to improve education, the factor that is more closely correlated with upward mobility than any other. Research has shown that as long as educational achievement keeps up with technological gains, more jobs are created. But in the late 1970s, that link was broken in the U.S. as educational gains slowed. That's likely an important reason that Europeans have passed the U.S. in various measures of mobility. They've been exposed to the same Malthusian forces of globalization, but they've been better at using public money to buffer them."
...
"The mythology of the American Dream has made it difficult to start a serious conversation about how to create more opportunity in our society, since many of us still believe that our mobility is the result of our elbow grease and nothing more. But there is a growing truth, seen in the numbers and in the protests that are spreading across our nation, that this isn't so. We can no longer blame the individual. We have to acknowledge that climbing the ladder often means getting some support and a boost."
rana_foroohar  time.com  2011  2010s  1980s  1990s  america  economy  mythology  opportunity  wage  economics  society  inequality  dynamism  occupywallstreet  tea_party  unemployment  dream  class  mobility  work  conservative  income  wealth  divide  deregulation  technology  job  social_security  instability  tax  debt  crisis  21st_century  20th_century 
november 2011 by cluebucket

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