In general people are morons when it comes to managing their financial affairs.
Give them a million and in a year they will be broke. People don't get rich by blowing every dime they get and then borrowing...
The tea party was the best thing to happen to Obama. GOP ended up with totally unviable and nutty candidates like Perry, Cain,Bachman and then the more sane down to earth viable GOP candidates get no traction like Huntsman for example.
Obama 2012 is a lock.
That auto liquidation stuff is scary.
Thats why I have my account split with TD and Etrade (dumb SIPC limit of 500K)
I don't want some computer glitch or flash crash just deciding to liquidate my account sky net or HAL9000 style.
In the 1970s ceos made 40x compared to the average salary.
now they make over 400x compared to the average salary.
Non CEO salaries have been stagnant.
What caused such hyperinflation for CEOS and stagflation for non CEOS?
My question is simple. If the government enacted a 99% tax over 1 million.
What would a CEO who makes 50m do?
Obviously they would end up keeping their salary under 1 million? otherwise they would have to pay 99% of it in taxes.
would the 49 million just end up as salary increases to...
http://www.csmonitor.com/USA/Latest-News-Wires/2011/1114/Advertisers-bail-on-Penn-State-college-football-TV-ads
New chant is "Penn state Penn State Chicken hawks Chicken hawks"