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100 CEOs Have as Much Retirement Savings as 116 Million Americans


#1

100 CEOs Have as Much Retirement Savings as 116 Million Americans

Andrea Germanos, staff writer

While many Americans are facing a "frightening retirement reality," 100 CEOs are looking at "colossal nest eggs" and can look forward to monthly retirement checks of over $250,000 for the rest of their lives.


#2

These people understand the peoples pain. Really and if you believe that you will believe that Russia hacked the elections,


#3

They have no clue what the real world is.


#4

High on Trumps list of for-profit scams and more obscene CEO wealth (hedge-funds are notably involved) is the charter school rip-off! Trump picked one of the most involved in diversion of public school funding to the charter school scam in billionaire Betsy DeVos, whose goal is to divert public tax dollars from public schools to private for-profit entities.

Education like our lost Fourth Estate are critical and essential to any free state. Without critical thinking and truthful journalism citizens are easy prey/targets for lying political scum and manipulation to benefit the 1%!


#5

It is just their next focus on destroying anything and everything that would benefit the middle and lower income americans. They have robbed this nation blind, taken over our government for most parts, outsourced our jobs, manipulated banking & regulations, been bailed out by government. Since we have no real representation in the government and leaders like MLK are killed or co-opted (today) - what should we do about these people who have betrayed our national trust?


#6

when will Democrats, besides Bernie Sanders (not a democrat) and Liz Warren(about 236 members of congress), admit that "FREE TRADE" has been a total disaster for the middle and lower classes?

when will they admit this? They took on repubulican lite in the late '80's to win elections but they lost their sole reason for being. To look after the ordinary american worker.

I will never vote for a corporate democrat again. THEY SUCK!


#7

Agree totally reader! We organize and fight - unity is essential across narrow interest groups and issues to fight the power - each alone is easy prey to be isolated, undermined, and destroyed. We fight to regain some modicum (at least) of power via a true opposition party we do not have at present, just a R'Con lite corporate/banker-whore wing! Citizens must force total reform of the Dem Party to actually represent the common guy, gal and family, instead of the Clinton/Obama deceit and betrayals or leave them en masse to rot and form a new opposition party dedicated to the Common Good not common greed! Keep the faith!


#8

When I was growing up ( when dinosaurs inhabited the Earth)! there were rich people but they did not have a sole purpose of taking anyone else's share. In fact, they paid 91% on taxes after the first 75,000. Trump has been heard to say that he does not want to pay taxes period. Remember, he never released his returns probably because he does not pay taxes!


#9

And for those evangelicals who want the government to be just like them- no one is stopping them. It's like if you don't want an abortion don't have one!


#10

UNITY is essential- otherwise authoritariansim takes over - has been that way throughout history. So many people sound so depressed on this site. I sincerely hope that their personal lives are not that bad. Ten to one, a lot of the people have great jobs, and are doing fine. I do give them credit however, for just voicing some concern. I understand that Keith Elison is running to be DNC chair, and is more of an FDR type of dem. Obama does not support him, but instead supports another neoliberal. Google info on Keith spread the word in your communities. I heard him speak on CSPAN and was very impressed. Bernie supports him, and so do unions.


#11

The master, in his cook's uniform, stationed himself at the copper; his pauper assistants ranged themselves behind him; the gruel was served out; and a long grace was said over the short commons. The gruel disappeared; the boys whispered each other, and winked at Oliver; while his next neighbours nudged him. Child as he was, he was desperate with hunger, and reckless with misery. He rose from the table; and advancing to the master, basin and spoon in hand, said: somewhat alarmed at his own temerity:

'Please, sir, I want some more.'

The master was a fat, healthy man; but he turned very pale. He gazed in stupified astonishment on the small rebel for some seconds, and then clung for support to the copper. The assistants were paralysed with wonder; the boys with fear.

'What!' said the master at length, in a faint voice.

'Please, sir,' replied Oliver, 'I want some more.'

The master aimed a blow at Oliver's head with the ladle; pinioned him in his arm; and shrieked aloud for the beadle.

The board were sitting in solemn conclave, when Mr. Bumble rushed into the room in great excitement, and addressing the gentleman in the high chair, said,

'Mr. Limbkins, I beg your pardon, sir! Oliver Twist has asked for more!'

There was a general start. Horror was depicted on every countenance.

'For MORE!' said Mr. Limbkins. 'Compose yourself, Bumble, and answer me distinctly. Do I understand that he asked for more, after he had eaten the supper allotted by the dietary?'

'He did, sir,' replied Bumble.

'That boy will be hung,' said the gentleman in the white waistcoat. 'I know that boy will be hung.'

From Oliver Twist by Charles Dickens

And so it is in Modern America.


#12

Keith Elison from Minn identified that problem on CSPAN the other day. He is running for DNC chair. He thinks like a progressive FDR democrat- Obama does not support him . ( Not corporate enough I guess). He is a strong supporter of unions, the ordinary as you say worker or people in general, and improving quality of life in general. Obama is a strong supporter of immigration not uniions.


#13

Good question: I do not have an answer, but a start might be to stick together. Stop buying products, from companies like Wal Mart etc. Do some research to see if a company supports defunding public schools. If so, do not buy from them. The rich cannot survive if the people do not need their products.
Remember: They too eat, drink and get sick. They are still human.
One of the Koch brothers either had or has cancer for instance. I agree by the way with all of the above, and most of all canno wrap my head around bail out bankers and no trials . Was Obama co- opted? Was Holder( who also was Wall Street lawyer?
Call or write your member of congress and tell him or her how you feel. Write the chair of the DNC , and tell her how disappointed you are in the party. I write or call at least once a week to congress.


#14

To just add a little here: Why would a billionaire ( like Tillerson or DeVos) need even more? It makes no sense. If I had that kind of money, I would help the community more, give back etc. I certainly wouldn't want to take away education from 90% of the children in the US ( who attend public schools). The goal I believe is to turn the US into a theocracy because that way they can exert more control. That's silly because most of the people in this country do not think that way.


#15

Much of the US ( especially the bahble belt) is illiterate- cannot comprehend anything they have read or heard above an eigth grade level.


#16

And their soul reason for being.


#17

Yes, perhaps this is the year you should stop giving (i.e. buying) presents for [enter you mythical belief system gift-giving nonsense here --Xmas, Hannukah, Eid Al-Fitr, Kwanza, etc.]. Our family did this a number of years ago and have increased our holiday enjoyment immensely.


#18

Mealsout, I have lived in the bible belt for years and I would clarify your generalization by saying that most folks here are totally run mentally by religious programming. Not all but most. And that means a serious authoritarian voice both interior and exterior is their comfort zone. Poverty in many areas is another factor compounded by depression and drug use. Kinda scary if you ask me.


#19

I think that is wonderful! I also find that giving to a cause ( such as the Humane Society) is a great honor. Seeing people driving around like mad men and women to buy presents for the holidays is exhausting to say the least. Will you join me in having next Friday be national day of no buying? Yours is the first post back to me like that. Thank you! Incidentally, my late dad when asked what he wanted for an occasion would say world peace.


#20

Did not mean to make fun- but never understood that. Why would that be comforting especially with so much poverty?