Subject: 401ks: Biggest bankrobbery ever--Your pensions and retirement
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How did this happen?
How did it happen? Wall Street raided pension funds via "bastard" stock options and IPOs. Stock options are corporate insiders creating stocks out of thin air to put into pay or parachutes. The corporation does not buy these, foolish workers buy directly or indirectly via dumb or corrupt pension managers. IPO really means Insiders Phooling Outsiders.
Is this capitalism? No. Wall Street has hijacked the terms and tools of capitalism to bankrupt companies to cause unemployment, that is, decapitalize production and decapitate jobs. Capitalism is not failing. Wall Street is decapitalistic.
As a Journalist, you have a duty to yourself and your loved ones to stop the latest, most egregious example of decapitalism: Twitters IPO. Consider the following
One reason that declinging newspapers sales--besides increased social media self-gratification--is a dwindling middle-class. If you want to lose your job as well as pension, be a silly cheerleader for the Twitter IPO. Encourage American workers to take sucker bets.
|For a fuller revu--||Twitter IPO!|
Caveat to those who think 401ks are great. Look at the above math. If a 401k is your primary retirement vehicle, think how much you would have if decapitalists had not taken $50 trillion from the middle-class in the last 30 plus years. Since 1980, the U.S. has had a GDP of almost $500 Trillion. Ten per cent has was stolen by to the funny paper players. Of course, one cannot rape the willing since the average American prefers play over work, Pittsburgh Steelers over Pittsburgh steelworkers. (see SOTU address).
Paid for by Bob Barnett Independent for Virginia House of Delegates: resume ... achievements ... Richmond Times-Dispatch Q&A
Previous Press Releases: Protest Drafting of School Superintendents as Write-in Candidates to oppose unopposed habitual politicians.
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