Did you notice recently the national debt clock was about $20.7 trillion?
Might as well make that six zillion. It’s a meaningless number that no one is ever going to really care about. Ever.
The world gets more interesting by the moment.
Toys R Us has filed for bankruptcy, claiming insolvency. Yet a judge overseeing the bankruptcy, according to an article in NewJersey.com, said it can pay its 17 top executives a total of $14 million in incentive bonuses.
Apparently working as an executive for Toys R Us is the equivalent of belonging to a youth club group, where everybody, as long as they show up, gets an award.
Did you know that the recent U.S. tax cuts raise pay for bosses, and little else?
A New York Times editorial noted the recent tax cuts won’t go to most workers, but for shareholders and top executives. So Walmart indicates it will give $700 million on bonuses and higher wages for cashiers, drivers and other hourly workers, according to the Times. But -- it’s a big but -- the company is spending far more, $4 billion, to buy back its stock, which will benefit investors by raising its share price.
So forget about all the rhetoric you heard about the current U.S. administration trying to make America strong again. Most logical people see it as making the rich a lot richer. Period.
“It’s hard to believe that lawmakers made the right call by giving Apple and other multinational companies this huge tax break,” wrote the Times.
It was Peter F. Drucker, a business management consultant, who spoke about “man’s blindness, cruelty, immaturity, greed and sinful pride.”
There was a protestor on the Penn Street Bridge in Reading, Pa. who held up a sign for all the motorists crossing over the Schuylkill River on one cold, early February day: “Our government of the rich, by the rich, and for the rich.”