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With consolidation, the "enemy" shrinks in indictable numbers. Sue the pump-and-dumpers.
And don't forget to try some parental-block on fOX news on any TV set you can access.
Kravis' money is twice tainted, tain't your and it tain't mine, but attacking him won't solve this urgent problem (that it is not my money).
Pension funds and benfits need to be protected by Congress and their additional cost needs to be offset against imports, which won't work because our domestic economy is based on free trade and the terrible result of backing off of free and open international trade will make what all the people ever lost to Kravits look like a dropped penny. Even if Kravits decides to give it all back, there will always be another willing to do exactly what he is doing.
Finally, show poor people, not rich people. A Spanish teacher earning $30,000 per year is rich by any global standard.
The answers to the issue as you see it are:
1) Get over that someone has more than you. He has it and we let him get it. Stealing from him will only lead to corrption, which will damage the working class more than the rich and powerful.
2) Much higher income taxes and inheritance taxes for the ultra-rich (top 1%). This should stop a permanent economic upper class from forming. Kravis got his money, and we need to accept that, but his kids should have to work for theirs (they already have access to education, capital and the intimate knowledge of their father's work).
3) Fairness, even for the rich. We are almost all rich here. Go to CIA.gov and look up the country books for China, Rwanda and Sierre Leone. Makes us look real good.
4) Add turnover taxation for all domestic and foreign access to the US market to assure funding for Social Security, Medicare and uninsured Americans.
5) Incent US corporations to provide excellent benefits by giving them a credit on the new tax in number 4 for their benefit expenses.
6) Read Ayn Rand again.
As to the issues at hand, i.e. whether the rich should be paying a higher marginal income tax rate or whether the estate tax should be increased, these are issues best decided in a fair vote of an informed civic populace (and I personally feel the answer to both is yes). However, wallowing in these types of spiteful, sensationalized half-truths amounts to what is basically cheap propaganda and represents what I find most genuinely terrifying about the direction our country is headed in.
He then offers shareholders of the target company an excessive premium on the stock price, huge compensation packages to executives to encourage them to take his deal and he puts together massive investment funds mostly comprised of your pension money (usually about 30%) and bank debt (comprising 70%) to buy the company.
He then takes the company private revealing little about their finances, saddles the healthy company with the billions in debt it has to pay, lays of workers and reduces or ends health benefits to cut costs and then, he sells the company for billions in profit not to mention millions in fees.
To top it all off he pays a 15% tax rate on those profits (carried interest) as the tax code sees them as capital gains. A fireman or teacher pays 35%. He also depletes the tax base resulting in less services for the average American.
Bad for working class America, bad for America. Henry Kravis is a greedy predator who does not create a thing, he buys good things and destroys them hurting many in the process.
The same:
1. The manner in which the money is made. Financial markets have rules and loopholes. They are a game. He is good at the game, and it is a short term game played over and over. It does not help the nation in the long or short term. It foes not build up. The trickle down effect is a) small and b) dependent upon the largess of the powerful. In other words, welcome to France, 1780.
2. It is unfair to have different tax rates. Used to be in this country we valued labor. Now we seem to value those who have money, regardless of how they get it, and fall all over ourselves idolizing them. Here's my measuring stick on tax rates. If we taxed people making 100+ mil a year at 60%, how would their lifestyle change? Does only having 2 homes and throwing only 6 parties a year really constitute a change in lifestyle?
Different reasons:
3. Accumulation of wealth eventually means accumulation of power and patronage. It is not good for any democracy or republic to have that kind of money and the power it brings in the hand of a family, let alone one person. Please read Roman, French, German, Chinese and other histories for more lessons. We've been down this road before.
4. It weakens the strength and future of the country financially. England, the Netherlands, the US, Scandinavia and The developed world as a whole became powerful, wealthy and more civilized because of a rise in the middle class and civil society, not the accumulation of wealth into fewer hands. Inherited, accumulated wealth is the ancient history of mankind. Distributed wealth and power in a republican (small r), limited capitalistic society is a better route. And it may not be the only better route as well. And before folks say managed economies are socialistic, please look at the call from business for government intervention over the mortgage crisis. Government in the marketplace is socialism for middle and lower class, but called necessary management for corporations and the wealthy.
However:
"Finally, show poor people, not rich people. A Spanish teacher earning $30,000 per year is rich by any global standard."
We'll Bob, 10k a year is rich by a global standard. A3e you saying you are overpaid? Gonna make that mortgage payment on 10k a year? Or are you saying you want to move to India?
This"global standard" is a canard. If prices were the same all over, if health care was the same all over, if housing was the same all over, it makes sense. Otherwise, it is a pointless comparison.
The US cannot function at the wage level of Malaysia, and until we realize this, then things will continue to get worse here.
Before museums and art institutions name buildings after donors there should be obligations to give money to cure poverty in this country.
1) Fund a union drive at all of the factories owned by Kravis' company
2) Start green-designed, worker owned cooperative factories in the Mondragon style making products for the green revolution such as household water recycling (gray water). 25% of the profits would go directly into the worker's pockets, 25% would go to fund community initiatives such as quality health care and education, and 50% of the profits would go towards research and development of other worker owned cooperatives.
BTW, all of you apologists for the rich, wake up! They are laughing all the way to the bank at toadies such as yourselves!
I am sure KKR made those profits for the pension funds. But we are fools to measure the behavior of a player in the market in monetary returns alone.
But let's look at the money. The pension funds improve - yet people lose jobs and states lose tax revenue. Money is transferred, but not really created. And it is transferred, at the top level of a private equity firm, in large amounts to individuals - amounts that are in some cases larger than most single pension funds in the country. I do not see this as a good given 8 and 9 figure payouts. And if you look at the links on the site, you'll see fine economists agree with that.
So I don't care for market forces that weaken the nation and consolidate wealth. IF you want a healthy American economy, it is a better bet to support a vibrant middle class than a vibrant upper class. I think you and Bob need to put down Ayn Rand and read some history.
Anyone anti is ignorant and jealous and probably a communist (we know some are still around!)
If you don't like hedge funds or money move to Cuba!
Henri K I'm not gay (openly) but I Love You!
I would not be able to spend any time in any of his homes. The repulsion of the overwhelming greed and inhumanity would be too much to bear. I would not want to waste one minute of my life trying to come up with an answer to the question of how someone is able to sleep at night after doing to millions what this man and his company has done and has given back absolutely nothing.
I would have a homeless fair with tables for six organizations/social service agencies/organizations whose mission what to help the homeless help themselves get off the streets and into jobs and housing.
I would give them seeds to start Victory Gardens.
I guess that's enough for one day. The purpose of all this stuff is to help the homeless have some fun, and leave with tools to get themselves off the streets forever.
I'd then bring in several hundred sleeping bags and invite sick kids, Boy and Girl Scout groups, Fresh Air Fund kids, etc. to stay the night, give them a hearty breakfast and send them off to school. What an education it would be for them. No better way to show them how income inequality and unfair, corrupt, tax benefits and business rules have the deck stacked against them.
You know, I used to be so mad about all this stuff. I used to say, "Eat the Rich." But now, I just want to remake the system so that good, hardworking people can get fair treatment. Not "special" treatment, as all those Plutocrat, "fair trade" Republicans hide behind. I mean fair and equitable treatment.
Work hard, enjoy life and reap the rewards. That's the real American value. We've lost that somewhere along the way.
It's time to reclaim it. for us, and for posterity.
I love and suppot BNF's use of the digital media and the internet to unmask the lies and greed and poor leadership we've found ourselves saddled with and how such information arriving on our desktops may move us in sufficient numbers to use what's left of our democracy stop them and change them for the better. However it cheapens the the message to a level of propaganda vs. good solid activist information when the messages are so weighted to one side and it prompts me to always remain skeptical of any organization amassing the power to influence and control large groups of people.
Have you investigated Mr. Kravis' charitable contributions as well as his expenditures? Does he also spread his gains in that manner? Perhaps there's more to this man than you show. I, by no means, appreciate the kind of financial turnover business that he runs, but he has the right to work the system for personal gain as long as he remains legit and it's not totally clear to me whether all his dealings are bad for everyone. You do mention that 561,000 people are employed through his businesses. What I do expect is that the SEC, The Justice Dept and The Attorney General of the U.S. are doing their job to watchdog men and businesses like Mr. Kravis', and in that respect I've been very disappointed in our government's poor performance.
In truth... we all work the system(s) made available to us and if we held everyone up to the light, 99% of us would show up abusing some portion of it.
I'll leave this post with the following quote that is hard to deny:
Mahatma Gandhi wrote that the seven sins of the world were:
Wealth without work
Pleasure without conscience
Knowledge without character
Commerce without morality
Science without humanity
Worship without sacrifice
Politics without principle
In our world, do we not see these sins in action every day?
He also is quoted to have said, when he was asked what he thought of 20th Century Civilation, as saying, " I think it would be a very good idea."
the largest Christmas party ever. then after the party was over I'd burn down his house and toast smores over the burning embers.
He should be in prison along with all the rest of his kind; including someone who's name starts with a G.
All I can say is don't vote republican in '08!
Oh yea, ditto on the snow globe idea!
Sure, Kraviss' lifestyle is obscene, but it's criminal that our legislators permit the loopholes that allow him to avoid paying his fair share of taxes.
Let's not forget that here in America, given the knowledge and the drive, every single one of those "regular" people shown could do the very same thing as Kraviss. Our great country is really that kind of an "equal opportunity" place, and we shouldn't want to have it any other way.
You should be attacking the people that can do something about KKR's ability to exploit the system, not someone who simply lacks the conscience to avoid the temptation.
That does not mean I am comfortable with the widening income gap in this country. No democractic country survives with only lords and serfs. The Great Depression, in part, was caused by rabid speculative greed not unlike what Kravis has been doing. Today, with the subprime debacle, we may be witnessing the beginning of what could be another depression, once again caused by "irrationally exuberant" speculators (gamblers) who were duped by unregulated sociopaths.
One of my dreams if I had money is to provide a place for the homeless to take a great shower with good products, nice towels, a nice pair of shoes, fresh clothes and a great meal after in a peaceful setting with no to much noice or conversation just a time to feel and think.....
so...with that said..I will open his states for 24 hours to be a heaven to destitute people...to give them a chance to something so simple we all do everyday but for them is unatainable.......I am not homeless but I work very hard everyday to bearly make it every week when I get paid.
Thank you for the oportunity to express this desire I hope one day becomes a reality....Love
Gina Coppiano
Government has slowly chipped away at our financial FREEDOM by enacting and passing UNFAIR
Laws that have literally crippled the so called
"middle class" and GREED has been allowed to get a foothold, now they are invading our privacy by
eavesdropping on our internet and telephonic activities under the guise of "National Security" and we ALL know that this is bull---t!! People
like Kravis are the "elitists" in our society and those folks are the ONLY ones who are living the
"American Dream" and that is SAD. While we "middle classers" worked two jobs to support our families we DID NOT pay attention while all of this was going on, now, at least let's hope,
we are AWAKENING from our "not paying attention" and I truly hope that a NEW, 3rd Party Candidate
emerges for the 2008 Election and WE, the American People give our current crop of "elitist"
political representatives their "walking papers."
Its my view that we have to dismantle what these
"power brokers" have created and start to address
the NEEDS of AMERICANS and what WE, THE PEOPLE,
DESERVE. Its time to REVAMP Washington and put people in "POWER" that will address our problems and not those of the rest of the World. We have lost our position and stature and we are NOT the policemen of the World. Its the Economy STUPID
and people like Kravis should be made to pay their FAIR SHARE, after all, people like him have
ruined alot of peoples lives and have been allowed to get away with it, now its time to pay the piper and if they don't pay in this World they surely will in the next because GOOD has always won over evil.
Personally, I wouldn't want to breathe his air even for an hour--despite his expensive properties, the man is more pathetic than enviable.
Look at Richard Branson and his Elder project. Now that's something to emulate!
in toto. Cheer up , brother, good times are coming; meanwhile, spare change ?
Fortunately, not everyone is like Kravis. There are the Gates, Buffets, Soros - other mensch.
Its credibility, however, is damaged by the statement that (paraphrasing):
Kravis can deduct the money he borrows from his taxes.
I believe you meant to say: he can deduct
the interest he pays on the money he borrows
from his taxes.
That is a big difference and that makes viewers
question other “facts” in the video.
Please correct this error or explain it. Otherwise, your credibility is questionable and I am unable to recommend it to my knowledgeable friends who would dismiss the entire message based on this apparently incorrect assertion.
Also, the video is far too long and redundant for busy people to be willing to watch it.
Simplify it, and keep the excellent message.
I wouldn't keep the money, I want to go to heaven when I leave this world. It is easier for a camel to pass through the eye of a needle, than for a rich man to enter into the kingdom of heaven. I couldn't wait to give to worthy causes.
Henry Kravis won't be in heaven. That's a guarrantee. I'm a disabled veteran, and I can't work. I get food from churches and can't afford to pay bills, and soon, as a result of the VA's refusal to admit liability in my disabilities, I will be right back on the streets again. This is my reward for enlisting during wartime, and doing my part for America.
God bless the downtrodden.
THEN I would take his "salary" for the day and organize the largest cross continent art festival and outreach program to young people to date. Every room in all the houses would ffeature the work of a struggling artist: painters, sculptors, musicians, dancers, etc.
Each house would have a theme. Inner city kids could learn the art of equstrian riding on his horse farm, too.
I am 59 years old and make $30,000 a year marketing the arts at a state university in Utah. (Those that market sports on our campus make twice as much - another example of skewed priorities).
My 62 year old husband has just been laid off after a life-time of being a cabinet maker. He is currently receiving $230 a week unemployment. His company is shutting down and there is no way he will be hired at another shop at the wage he is making now - $14.75/hour.
We run a non-profit art center in our spare time with our spare cash - about $7000 a year - that we take out of our vacation/new car/new clothes/eating out/ purchasing home improvement items account. Which means we happily sacrifice all of those things to bring art to our community.
Selfishly, I might sell a couple of things from some of his homes to pay for a new paint job on my frame house. Just to make it look as nice as I can for him while he is my guest.
If I had one day in that mansion, I would write a book about how Ted Kaczynski (the Unabomber) was actually ahead of his time, or at least understood better that the rest of us what was coming down the pike and how to deal with it.
(That doesn't mean I would use those tactics Mr. goverment agent reading these posts!)
Isn’t everything enough?
Couldn’t care who lives or dies,
just so long as profits rise.
Couldn’t care who’s sacrificed,
just so long as you live high.
Couldn’t care what’s in your wake,
think the world can live on cake.
Couldn’t care to give and take,
cut off your nose to spite your face.
Couldn’t care for heaven’s sake,
think the world is yours to rape.
Hey you greedy bastards!
Isn’t everything enough?
Children around the world - will go hungry - While we shop
for the gifts Santa told us to get.
Parents hearts will cry - For the gifts Santa told them they
had to go shopping for.
Corporations all Fat and singing all the way to the bank -
For the gifts they had - Santa tell us - we had to get.
Little left - For the word of the Old Man - a son - hung high
- For words of naught - Ears that never can hear - eyes that can
never see - words spoken only of greed.
Hearts that no-longer beat - For Justice and rights of all - The
cry's go unheard - the stomachs still hunger - Dreams long faded.
The Market rules all - The Santa of good and bad - You must buy-buy-buy
- For this land - of We The Markets - for The Markets - by The Markets.
Come one come all - See what I have - Have You been good or Have you been bad.
If you were good you can afford to buy what I have - if not then you are very bad.
In Case you forgot - Who the day is for!!!
"""The ones who pleased the Lord will ask, 'When did we give you something to
eat or drink? When did we welcome you as a stranger or give you clothes to
wear or visit you while you were sick or in jail?' The king will answer,
'Whenever you did it for any of my people, no matter how unimportant they seemed,
you did it for me."""
....
Section 202.5(a) of Regulation B
Example: A lending officer told a customer, "We do not like to
make home mortgages to Native Americans, but the law says we
cannot discriminate and we have to comply with the law." This
statement violated the FHAct’s prohibition on statements expressing
a discriminatory preference as well as Section 202.5(a) of Regulation
B, which prohibits discouraging applicants on a prohibited basis.
We bought a house - Through a For-Sale By-Owner - WE paid thousands
at 580 a month "have Copy Of Payments" - WE also took this house and
did tons of work on it ...
Then came Countrywides - Lady the delivers the forclosure for Countrywide
- I told her we have a contract to buy the house - SHE STATED - THE MEXICANS
THOUGHT THEY OWNED THERE HOUSE TOO ...
Instead of saying They will work it out with you since you been paying all
this time - and worked and fixed up the house - removed the deadly mold - cleaned
out the dog crap and worked too fix the holes in the house - She made the
remark - you own nothing your just like the mexicans...
Not only that - When trying to work it out with countrywide - A Guy named Mike
- stated we can loan you 50,000 - and you can take the 20,000 over whats owed still
- and move back to mexico - another violation of the Fair Lending Laws and Regulations
Section 202.5(a) of Regulation B...
We paid the for-sale by owner 580 a month - he paid Countrywide 320 a month - and
still owed 24,000 - Now Countrywide wants 34,000 on said mortgage...
So how many Laws does Countrywide get to Violate...
1. Generalization - Yes, the film is short, one sided, and hard hitting. But also, look at the list of links.. NYT, Bloomberg, Mother Jones. They did a 10 min or so documentary and it is us to go further and they provide a way to do that. View the Video as a door,and then I think you will be more comfortable.
2. Charitable Contribution. Yes, I imagine he makes them. He's no Bil Gates but I am sure he makes them. But look at the source of the money. Gates was ferocious about attacking, limiting, and shutting down competition. Kravis and KKR made their money being just as ferocious. Even mobsters and terrorists spread charitable money around. K & G are not in that group, but just spreading money around does not always win your way into heaven.
3. Influencing large groups of people. If you are equating Brave New Films with the power and clout of a KKR, I think you are making a grave mistake. Money advantage can be overcome, but it does take passion and populism.
4. The government is at fault? You do understand the revolving door between these corporations and governmental oversight organizations? Yes, he is entitled to make money ion the system. But it sounds a bit as if you an apologist for the system. The system is often rigged for the wealthy (again, see the fact links supplied here). The system needs to be changed.
5. 561,000 employees. Yeah, I thought about that as well. But it must be balanced by a number of measures. How many folks lost their jobs? How many of those employees are worse off re: pay and benefits now than before their takeover? How many are overseas? How many jobs have they added or improved? If you want to see both sides of the story re: charitable donations, I think this must be addressed as well.
6. Would most of us be lacking if held up to the light. Sure. But I would rather have 100,000 of us abusing the system a little for our own limited ends rather than just a few wealthy folks who can turn over entire businesses, hundreds of lives and affect the national economy with their decisions abusing it at will. Scale is important.
7. I don't think anyone here is advocating wealth without work. But I find it hard to believe that anyone is worth 450 million a YEAR ( or 100 or 50 or 20) when we have issues of illiteracy, health, housing, and infrastructure. If a CEO makes this kind of money, then it beggars belief that American business cannot pay workers a decent wage and that American cannot afford proper healthcare for all its citizens.
And as for the rest of the quote, well, I think it agues against KKR and Mr. Kravis.
Yeah that was tried once, the result was the U.S.S.R.
Being rich is no crime. Putting people out of work and not helping the world become a better place is a crime.
Shame on you for pandering to the poor. If they had that income or capital, they'd probably be no better than Kravis; it's human nature, unfortunately. Let's celebrate the Turners, Gates, etc who are rich, live very well, but help the world too.
Don't bash wealth. That's stupid, and panders to stupidity. Shame on you!
PS: I'm a teacher, who left a career 14 years ago that paid over 60k. Today, I make less than 50k. I walk the walk.
gg
I would turn the huge mansion in the country into a hospital for soldiers returning from Iraq and older guys back from Vietnam and Korea and even older guys from WWII. It would include an extensive mental, psychological
I would turn the 3rd home and turn it into a permaculture farm for scientific hippies to experiment with and live on. They would share their findings with the world and train students based on what they learn, so that the students can go on and propagate the world with their knowledge of how to care for the land and provide for human needs.
The 4th home on the beach would become a resort for "wellness". People who are stressed out and over-worked could come for free to relax and be taught how to take care of their body and mind with yoga and meditation and massage and good food.
The 5th home would be a peace conference center where people from around the world who are struggling through conflict could come and resolve their differences. Trained staff would be there to help keep things non-violent but still allow people to yell and scream and cry and express their pain and anger so that they can move on and find a way to reconcile for the future.
Love,
Eric
I would also be thankful that I live in America were a hard working kid can use his brains to make billions of dollars so that he could spread around the wealth through endowments and scholarships.
Oh wait a minute, Henry has already done that and a lot lot more with his wealthy. Too bad the movie make lacked the intellectual integrity to tell everyone about all the wonderful things that Henry has done.
For al the people who would close Henry's businesses, remmber you selfisly decided to fire thousands upon thousands of people with children to feed and eldlerly parents to support, and you gaev not thought to think of the ripple effect if all those employees were jobless tomorrow as so many people here would have it.
my local AIDS service organization (ASO), the AIDS assistance program, is an all volunteer not for profit organization that raises money throughout the year to provide $50 food vouchers on the first and third tuesday of every month for it's clients. around the holidays we get an extra $50 for holiday meals. and at christmas they solicit donated sundries and give each of us a nice christmas stocking.
believe it or not, that $100 a month means the world to me and contributes greatly to my ability to have proper nutrition and maintain my health.
another local ASO, the desert AIDS project (DAP), used to give out a $40 voucher once a month. but federal funds were re-appropriated and now that money now goes to larger communities in the state, even tho my city, palm springs, california, has a higher proportion of people living with AIDS (PWA's) than many other cities that now receive the funds we used to get. this voucher program at DAP has been discontinued.
i sometimes have uncharitable thoughts (that i'm not proud of) when i hear of all the money my government and fellow americans raise to send to africa when there are so many right here at home doing without medical care, housing, medications and food. still, i know i have it so much better than millions of africans suffering from this disease so i do my best to let go of my resentment and am happy that someone somewhere is getting help and feeling better.
i would take mr. kravi's money and do two things. i would fund my local ASO so that they wouldn't have to scrounge for every penny they get to provide the wonderful service that they do. the other half i would give to a reputable organization or clinic in africa that has feet on the ground/in the trenches providing medical treatment and medications to people living with AIDS.
oh, and i might keep a little bit for myself to buy some new clothes and take a week's vacation to someplace quiet and beautiful. a change of scenery would be nice now and then.
Lesson 1: What "of the people, by the people, for the people" really means, and how hard it was to create and keep.
Lesson 2: How to find trustworthy information on how the American Constitution is being sold out to a ruling moneyed class.
Lesson 3: How to vote, and how to get others to vote, so the servants of the ruling class who now govern can be turned out of office.
Lesson 4: How to be an active citizen, monitor the elected, communicate with them, and campaign for the good ones and against the bad ones.
If you read the history you will know the Founders never saw democracy as the spectator sport it has become. They were in it to win it, or they would be hanged if they lost.
Really - the light is the best of us,
the dark ...
Are you really Henry in disguise? Henry has already done what you suggest only on a grander scale. The movie's tortured spin to discredit Henry is a disgrace, but I am confident that Henry will spend millions more to protect the free speech rights of those who defame him.
What I'm doing is spreading the word through fiction. I've started to address this issue in a series I've been doing about what would happen if it were possible to convict corporations of wrongdoing, and mete out the kinds of punishment we real people risk having: execution and imprisonment.
There all at klurgsheld.wordpress.com
Benedictine Order of St. John the Beloved
The Oldest Old Catholic Religious Order in the U.S.
OSJTB.ORG
Re the premise: I would probably liquidate everything possible and contribute as much as is legal to John Edwards' campaign--What an illustration of the 2 Americas--
plus amounts to other Democratic candidates and organizations, and yes--fight fire with fire--fund lobbying groups to put pressure on Congress to close the loopholes for equity and hedge funds.
I do not need Henry's money. I had an equal opportunity to follow Henry's path, but I chose not to do so.
I do know that it is easier to make money by defaming people than it is to create something beneficial. Henry has done more to create a better world for every one than all these ideas on how to use his money put together.
People love to ignore the facts and wallow in an orgy of hate against a man they have never met and about whom they really know nothing.
This movie is no different that the story about Mr. X who cut open the chest of Henry Johnson and took out Johnson's still warm heart. Mr. Johnson died. What the story omits is that Mr. X was really one of the first heart transplant surgeons and this was one of the world first heart transplants. People should stop being so gullible and realize that sometimes, the most important part has been left out.
How about Mr. Movie Maker telling the entire story?
At present it is such an exclusive lifestyle that only 90,000 people in the county of Los Angeles who qualify as homeless can live in our opulent shelter mansion. I am sorry to inform you that you don’t meet our criteria. Ah Henry your mansions could house all of these people. However, I don’t think they would feel comfortable living your life, as they are used to having to pay taxes, even though their incomes are less then $9,000 a year even though this income comes from full time employment, go minimum wage! In addition, they are also accustomed to doing for themselves in order to survive; I don’t think you would fit in here.
So cheers to you good sir, may you sleep well tonight, regardless of which of the 47 king size beds you lay down in. Perhaps one day our paths will cross, as I will be first in line for the class war that will redistribute wealth, nothing personal.
Most of the resposes to your question, 'what would you do ..." are just people saying that they'd do the same thing Hank does more or less. So the answer to what to do about exploitative capitalism is just let some other people do the exploiting? Come on guys. If you believe that what rich people do on their road to riches is morally wrong, you're entitled to that beief, but so goes the world and so goes capitalism especially. If you believe what they do ought to be illegal, then elect people who will change the laws. But don't begrudge rich people their immorality when in our hearts all we really want is an opportunity to do the same thing.
If you borrowed $55,000.00 to get a social work degree and make $9.50 per hour, the problem is not Henry. The problem is that you're an economic illiterate.
Also, I know about homeless housing in LA, and it is clear that you know nothing about the situation. For example, each CRA project takes that property off the tax rolls reducing the City's income to provide services and reduces its ability to build infra-structure. (Hence the current fight over Pico/Olympic Boulevards) The very idea that you think would solve the problem in reality is part olf the problem; the so called homeless housing actually reduces the city's ability to provide services while stuffing millions of dolalrs intod evelopers' pockets. Contact Supervisor Zev Y's office for more data on how AB 1818 reduces the supply of Affordable Housing.
If you had applied for a Henry K. scholarship to learn something beneficial, then maybe you could be doing something to assist the homeless rather than teaching them the Victimization Philosophy.
THE PEOPLE WE ELECT TO REPRESENT US ARE JUST TO DAM DUMB TO DO THE RIGHT THING. THEY ARE OWNED BY THE RICH AND THE SPECIAL INTEREST. YOU CAN JUST SEE WHAT GREED DOES TO THIS COUNTRY WHEN IT IS USED IN THE WRONG WAY. SO THEY ARE RICH. THEY ALL ARE GOING TO DIE AND LEAVE A LEGACY ON HOW THEY SCREW PEOPLE TO MAKE THEIR CORRUPT FORTURE. THATS SOMETHING TO BE PROUD OF. IF PEOPLE DON'T START WORKING TOGETHER THIS COUNTRY IS DOOMED AND DESTINE TO FAIL AND NOBODY WILL HAVE ANYTHING
I would sit Henry down in his most comfy chair, get him a glass a his finest borduex, fetch his favorite lambskin slippers and make sure he is as comfortable as possible. I would then calmly ask to look at his 24k gold pocket watch, and on receipt of said watch I would raise it up in front of his face and with my most sincere and most calm voice repeat the phrase,
" you are getting very sleepy." I would watch as his eyelids beame heavier and heavier until finally he was under and ready for the hypnotism of a lifetime. " Your breathing is deep, your body is relaxed and you are totally at ease. When you awake from this deep relaxing sleep you will be inspired to throw a holiday party for richest friends/ slash associates you know...I say associates because a man in your position may not have many friends... at least 1000 people need to attend and have a net worth that is more than the GDP than most European countries. You will serve the best champagne, the best fois gras, the best china and crystal to serve it all on and after you and your guests have danced to the best music and are full and content with merriment you are to lock all the doors leading out of your penthouse. You will then make an announcement that, "no one is leaving until 300 billion dollars is raised, oh and by the way we are out of champagne." You will take that money and create a group of concerned citizens from all walks of life and spend the rest of your time on this planet fighting to get big money out of government and getting the votes of every American to become the important action they most certainly are. Of course you may continue living your incredible lifestyle, but every year you will continue throwing this holiday party to raise funds to stop the plutocracy, oh, and it wouldn't kill you to give some mony to help rebuild New Orleans. ok on the count of 3 you will awake feeling refreshed and rested, one, two, three."
I would sit Henry down in his most comfy chair, get him a glass a his finest borduex, fetch his favorite lambskin slippers and make sure he is as comfortable as possible. I would then calmly ask to look at his 24k gold pocket watch, and on receipt of said watch I would raise it up in front of his face and with my most sincere and most calm voice repeat the phrase,
" you are getting very sleepy." I would watch as his eyelids beame heavier and heavier until finally he was under and ready for the hypnotism of a lifetime. " Your breathing is deep, your body is relaxed and you are totally at ease. When you awake from this deep relaxing sleep you will be inspired to throw a holiday party for richest friends/ slash associates you know...I say associates because a man in your position may not have many friends... at least 1000 people need to attend and have a net worth that is more than the GDP than most European countries. You will serve the best champagne, the best fois gras, the best china and crystal to serve it all on and after you and your guests have danced to the best music and are full and content with merriment you are to lock all the doors leading out of your penthouse. You will then make an announcement that, "no one is leaving until 300 billion dollars is raised, oh and by the way we are out of champagne." You will take that money and create a group of concerned citizens from all walks of life and spend the rest of your time on this planet fighting to get big money out of government and getting the votes of every American to become the important action they most certainly are. Of course you may continue living your incredible lifestyle, but every year you will continue throwing this holiday party to raise funds to stop the plutocracy, oh, and it wouldn't kill you to give some mony to help rebuild New Orleans. ok on the count of 3 you will awake feeling refreshed and rested, one, two, three."
Think of the foster care that could be utilized. Every person in this country would be able to read and write at the senior high school level.
This country could be a humanitarian power instead of a military power with those kinds of resources. You would almost be proud to live in this country.
I understand that you are embittered because you have no income and have devoted your life to pampering the worthless. However, that is your choice and please don't take it out on the rest of us. I would just point out that nobody pays tax on income of 9,000, perhaps you need to acquaint yourself with the tax code. As for your class war, I too look forward to it...I doubt you will be satisfied with the outcome!
Here's the big difference between Henry and all his detractors: Henry has done far, far more to make America a better place than all his detractors put together.
To Otis Toole who posted: "Every single human being has a brain that they can use to make their own way in life, without having to envy what their neighbor has."
Not everybody has what it takes to be a mega-millionaire. And NO ONE gets where there are in life without SOMEONE helping them. Did NO ONE ever change your diapers or feed you when you were a kid? Share a meal with you? Lend you money or let you sleep on their couch when you were down on your luck? EVER?
I'm "self-made" myself but I'm not a friggin' ingrate. And I believe in contributing to society to help make the world a better place. Me and my husband don't have kids but we pay taxes for schools because we want people WITH children to have a decent education.
Mr. Kravis benefited A LOT from the American system, he should GIVE BACK to America too. He should d*mn well pay his fair share of taxes for one thing.
People who tout "survival of the fittest" and "Social Darwinism" need to remember we don't live in a jungle - we live in a society (ostensibly a "civilized" society) where we have the option to help each other, not act like savages. Before taxes, welfare, social security, job benefits, unemployment insurance there WAS no middle class, only A LOT of working poor and a very wealthy minority. People died in the gutter. There were no food inspectors so chances are the meat you bought was rotten or full of maggots or bread had toxins like alum added to it. Read about the good old days and find out what it was really like!!
You think you'd be one of that ultra-rich 1% livin' the high life? Look at the percentages and guess again, sucker!
we will always have poverty. It's the basic economic principle of supply and demand. There must be a constant and increasing demand for money; otherwise it's valueless. Those who most need money must continually labor for it simply to survive. The more people need it, the more willing they are to do abominable things to get it. Wealthy and politically powerful people control the money supply, restricting global trade for profits. Used for world domination and the spread of terrorism, those who control it wage wars
and pass trade agreements impoverishing the many
to benefit the few. We don't have to barter individual goods and products. By voluntarily using our skills and abilities to benefit humanity by structuring service, social and industrial unions to produce, develop and distribute
the world's resources we can abolish the overwhelming social ills caused by money: poverty, homelessness, global environmental destruction, waste, illiteracy, war, injustice, crime, slavery, governmental and corporate
corruption and fraud, overpopulation and ill health around the world. Only by abolishing money can international cooperation secure genuine
world peace, aided by the use of Esperanto, the
international language of peace.
Wealthy I may not be...but I can afford the cinema! Maybe you'd like to accompany me to my favorite Greenwald flick- 'Xanadu'? I believe it stars Olivia Newton John as leader of a renagade band of homeless rollerskaters? Later we can sip on some bubbly Crys at the afterparty. It'l be a doozie!!!!
May your coffers continue to grow exponentially...and may the total equal half of your medical expenses.
Sincerely,
Mark in Modesto
May your coffers continue to grow exponentially...and may the total equal half of your medical expenses.
Sincerely,
Mark in Modesto
By the way, I would lock up the mansions, turn off the utilities, and make holiday reservations for the Kravis family at Motel 6.
So I have this money, what would I do with it, I would open up all hospitals to all people to come in for care, no matter their status in life. Be it Kravis to the man sleeping in front of his door. Offer minor to major care for people to take care of problems or concerns they may have, then I would look for a team of people committed to Health Care for non profit. I would use the money to create an energy to finding ways to successfully creating health care for anyone who needs it. I would want to use this money for someone in need to have a tooth filled, Mental Health or Rehab, all the way to lifetime care.
Then I would find a way to help the people of Katrina. They are still out there forgotten, many still with out homes or help.
The list is endless. This is a very complicated question with not so easy answers.
Money is energy and not everyone is capable of being handed a sum of money, for if one has never had money, they sometimes blow it as quickly as it was handed to them. So to just give money may perpetuate the problem.
I could be flippant and say pay my mortgage, which I scape by to do, buy my dream 911 Carrera which someday I will do or buy the world gifts...
Yet in the illusion of my reality, I would choose to help those by at least offering a warm bed, a secure night and no pain... it may sound Utopian, yet Health Care and a safe bed is little to ask for yet one of the hardest to acquire.
And as for YOU, Otis Toole, I did a Google search on "top 1% income" and in less than 10 seconds came up with $348,000 as the cutoff point. Make anywhere near that much? No, I didn't think so.
Problem with all of you Robber Baron Apologists who are not in the same financial category as said Robber Barons is that you're getting screwed just like the rest of us - it's just that we already know it.
By the way, this is where I get my data, I'm sure it's pretty accurate: www.nytimes.com
As of 2005, Top 1% cutoff was $348,000 or more, Top 10% cutoff was approximately $100,000 or more. The top 1% saw their incomes increase over the previous year by an average of 14%. The bottom 90 percent had their incomes drop by an average of 0.6%. Welcome to Bush & Cheney's "Go Fuck Yourself" America.
Good for you Henry, nicely done.
Here's what I would finance: I would start a company with the following do-good business model:
Approach the owners of warehouse buildings and other buildings with vast areas of flat unused roof space throughout the sun belt and the American southwest, starting in the places powered by coal with the highest electrical loads, and lease out the space to install the latest high efficiency sun tracking solar concentrating solar panels for a cut of the electricity. (The newest generation of these panels, such as those by Soliant Energy, achieve something like 40% efficiency, for more of the day, than the conventional 12% efficiency models.) Since the solar panels would also keep much of the sunlight from reaching the rooftop, their air conditioning bills would be lower as well. The remaining energy would be sold to the power companies.
In order to produce enough electricity to pay for this, and not just do good at a loss while barely breaking even, the plan would also involve building covered/shaded car ports over the vast areas of sun-baked parking lots that usually accompany these warehouses. These car ports would then be topped with these high-efficiency solar panels, which would then provide both shade and additional energy generating capacity. The combined recovered usable urban sun-collecting area could potentially rival the largest utility-level solar farms, and would have the additional benefit of not having to distribute the electricity over the aging and lossy electricity transport high tension wires, which dissipate a non-negligible amount of the energy sent over them, both through the wires and the transformers, which get very hot. The system would also be robust against black-outs, not having a single point of failure, while delivering solar generated electricity straight to the places where it displaces the most coal usage. Further more, solar power output scales with the temperature, so whereas hot days usually result in over-burdening the power plants, hot days will generate the most energy with this system, while the panels provide shade, lessening the electrical load to begin with.
That's what I'd do if I had the money.
Served by only the best caterers and mixologists, this day-long party would include seminars giving helpful hints for how to live amidst your new status in the local underclass [How 'bout presenting each "guest" with a copy of B. Ehrenreich's NICKEL AND DIMED as a door prize?]. The seminars would carry very much the flavor of Omar's School for Beggars, immortalized by Bertolt Brecht in his tale of Depression Era Germany, THE THREE PENNY OPERA.
Good food, drink, and a little guerilla theater on the side for the dubiously mobile professional [that's right, DUMPIES] -- how could anyone on the true path to economic oblivion ask for anything more?
2) And you know so much about how hard this guy works...how, exactly? Are you his secretary or something?
to achieve a long-lasting, fundamental benefit.
As is true with most things in life, we are talking about a combination of issues from both sides of the polarized spectrum.
Yes, it seems evident that he is amassing obscene amounts of money by not producing anything and by destroying the livelihoods of the employees of the companies he buys and sells. But, has he broken any laws?
Unfortunately, we don't know enough to tell whether or how he's taking advantage of the system, or to what extent he is responsible
for it, at least the movie does not present any evidence; if there's anyway to show that he is or that he has done anything illegal, let's do something about it, and if we are lucky
we'll get him to pay for the effort.
But let's not fool ourselves thinking that by taking from him to give to the poor we will accomplish much; yes, we could help a few good people for some time, but then, as was mentioned: "Give a man a fish ..."
It could almost be argued that using
the money spent on the war would accomplish much more, but I don't hear anyone suggesting that.
So let's get real. Let us have something concrete to work on to deal with this guy. Otherwise, let's stop feeding our own self pity
and continuing to polarize our society.
Many wonderful events could be set up at all Kravis' homes...first, his beachfront property with all it's pools and tennis courts should be made available to all those he unnecessarily fired as a three week vacation spot for their families to enjoy and bask in the sun.
His Park Avenue home in New York should be opened to the public with the first floor serving as a soup kitchen, the 2nd floor upstairs might be a nice free clinic, the living room would be a great place to hand out Christmas gifts to some of the city's most impoverished children, etc. etc.
Or we could simply liquidate his assets and fund all the programs that have been blocked by anyone who has made huge fortunes in any field...like research on clean, renewable energy (which is easily acheived), universal healthcare (which exists in most countries but the US), better education (which programs like "No Child Left Behind" destroys by providing funding to schools for standardized, easily manipulated test results that have little to do with the quality of education).
The problem is not the wealthy and what crimes they commit (as it is said that every great fortune is attatched to some horrible crime), it is our fault for allowing this nonsense to carry on.
"Why are you doing it? How much better can you eat? What can you buy that you can't already afford?"
Maybe one final comment thrown in: "I would like you to consider helping the world instead of gutting it."
++++
I would give it to talented artists for lofts and studios, so we could bring more beauty and art to this world and make it better. How wonderful would that be to live and create in a beautiful place which you don't have to pay a dime for! Yeeeeeeeeeeeeaaaaaaaaaaaaaaaah!
We would use the rooms and the grounds to create our art and we would invite youth to learn from us and discover their artistic abilities. We would have yoga studio, dance classes, space for musicians, and we would grow our own veggies and fruits on every single acre of the property. We would have spiritual retreats every week. Oh, what a delight that would be.
Ask this man if he wants to donate one of his mansions for that, would ya?
I would hire Dream Teams, like Ty Pennington of Extreme Makeover, to remodel all of of his properties into residences for the poor, the homeless and the disabled Americans.
The sports facilities at these places would be given to the local communities for free amd open public use.
The fine art and expensive furnishings would be sold at a large auction house, like Southeby's. The profits from the auction would help establish free medical clinics and job training for all the people that have lost their jobs by his greed.
The property in the Dominican Rebulic would be divided in such a way that one portion would be sold to a private individual or company at the true market price. The money from that sale would be used for free medical service and schools for the Dominican people. The rest of that property would be portioned off to the local people for small farms and residences, helping them become self sufficient. The fishing fleet would become a cooporative ran by the Dominican people. It would supply work for some and provide fresh food for many.
And,on the second day, I would make sure Henry didn't get any tax benefits for "His" generosity!
1. I would contact as many people as I could who have lost a job because of this man's greed, and have them come over for that day.
2. They would party and hang out for the first part of the day, and drink up all of this guys liquor... the good stuff.
3. for the last few hours of the party I would bring in a couple cases of spray paint and a set of rules.
They could do what ever they wanted as long as no fire was involved and no flooding the place. They couldn't break any windows or throw anything out of them (in the Penthouse one).
5. When they left, they would each be able to take one "gift". Anything they could get out the door. Ming vase, Monet painting... whatever.
6. I would station myself outside and when the cops showed up, as they always do, I would show them I was the owner for that day, and tell them these people had every right to take what they wanted.
He stole their livilyhood from them, so they in turn can take some back.
I would go thru after the party and take a picture of myself in every trashed room. And I would walk out, leaving the door unlocked.
That's what I would do with one of his homes for a day.
This then becomes the impetus for change, reform, reovlution...when enough persons suffer. Americans are too selfish, indulgent, narcissistic, materialist to effect real change and the powers that be won't allow it in any case.
The fact of the matter is that we live in a plutocracy, rule by the rich. Some call it a corporatocracy. Historically, America has always been ruled by the wealthy. Most Americans don't even know that direct election of senators did not even begin until early in the 10th century and then, women, blacks, minorities, immigrants either did not vote.
The fallacy in America today is that people are taught to vote, especially in national elections, as if that will effect change. Unfortunately, participation in the electoral process at the national level, especially, gives the population the illusion of power. And, get this, this is important to the Powers That Be. As long as Americans vote, they believe they have significant say-so and impact regarding their lives.
In reality, nothing could be further for the truth. Corporations and special interests have incredible power beyond their numbers since they have money, and access to influence legislators.
For every legislator, there are a thousand lobbyists representing a business interest, etc.
These are the folks that get to our legislators and remind them of the money they can receive to run their next reelection. This is more subtle than straight out bribery but more effective.
I suggest the following campaign:
I. BOYCOTT NATIONAL ELECTIONS: There should be a campaign to reject the electoral process as a mere means to give the illusion that the PEOPLE have power. The amount of money a voter has is inversely proportional to the amount of money they have which can buy access and influence.
This campaign to BOYCOTT NATIONAL ELECTIONS would be a carefully articulated strategy to make Americans aware of how corrupt and faulty the electoral system is. This is where the argument would gather facts and demonstrate unequivocally how perverse and pathetic the system is.Easy to do.
2. II. GET RID OF ELECTORAL COLLEGE The election for President which is determined by accumulating Electoral Votes can readily be shown to be an absurd and archaic mechanism.
III. PUBLIC FINANCING OF CAMPAIGNS
IV. ABOLITION OF SENATE (long-term goal)
The abolition of the Senate would be another goal since a bicameral legislature slows, if not prevents, change, besides providing too much opportunity for campaign contributors to influence legislation. The cumbersome system is outdate. For example, separate bills make their way through the house and senate, then there is a conference committee, then back to the legislature, etc. etc.
It can take forever to get anything done.
Sebate us archaic institution that is archaic and hinders progress and change. The Senate is composed of 100 Senators, two from each state. This means that the the most populated states (the top 10, which represent over half of the population) have much less power than the other 40 sates (which have 80 Senators and represent all told, less than half the population.
V. BAN CORPORATE DONATIONS TO CAMPAIGNS
A no-brainer. See how campaigns in Europe are run.
VI. LIMIT LENGTH OF CAMPAIGNS.As is done in Europe.
VII. BAN ALL TELEVISION & RADIO POLITICAL COMMERCIALS. Instead, require all candidates face Interviews and Debates on all importance issues.This can occur every week.
VIII. VOTING TO OCCUR ON WEEKEND.
IX. NO BALLOTING CAN EXIST WITHOUT PAPER TRAIL.
X. ELECTED OFFICIALS BANNED FROM ANY AND ALL CORPORATE INVESTMENTS.
XI. EDUCATION SYSTEM TO BE MASSIVELY REFORMED. System is built on 19th century model. Curriculum not relevant to 90% of students.
XII. UNIVERSAL HEALTH CARE. Smokers, drinkers and obese persons pay more. Increase taxes on cigarettes, alcohol and processed food products that are deemed unhealthy.
XIII. SERIOUS TAX REFORM
Progressive tax structure. No one who makes under $30,000 should pay taxes (something like that). Value Added Tax for luxury items. Increased gasoline taxes.
CONCLUSION: Anyway, you get the point, I hope. The government exists to protect and help all the people. That is the goal.
XIV.
What would I do? HHHMMMM thats a tough one. I would sell the first house and donate all the procedes to EVER CANCER RESEARCH, HOMLESS SHELTER and THE REST TO EDUCATE THE AMERICAN PEOPLE THAT WE SOLD AMERICA TO THESE FOOL! WAKE UP PEOPLE HALF OF YOU WORK FOR FOOLS LIKE THIS!
AMERICA THE NEXT 3rd WORLD COUNTRY!
Second House: I would buy all of OJ Simpsons stolen merchandise and what ever he has left and Light that house up and hold the biggest BBQ ever with an open invitation to all the good people of this country! We could feed alot of people off a grill like that!
And that fancy spread laid out in the woods sure would be a nice paintball compound to tie all these hyprocits to trees in speedos and start education the kids of this country WHAT NOT TO BE. Oh I forgot we have lost all rights to raise our children. Well we'll just let them fire away and enjoy themselves.. This weeks Line up for paint ball torture is: Kravis and the Wal Mart CEO Scott and the rest of his board..Bring nothing but yourself! Oh wait somebody bring Michael Jackson for us adults to fire away on that transtestical! He will be in the Adults hall later in the evening so those who want a thriller can fire away!
LIKE OUR MONEY AND CONSTITUTION SAYS" WE THE PEOPLE" SO WE THE PEOPLE NEED TO SPEAK UP AND MAKE A DIFFERENCE!!!!!!!!!!! SAVE THIS COUNTRY!
I believe he could convince Henry that he could still earn all the money he wants, while helping out those who will never have a leg up, a hand out, or boots for which to pull themselves up.
I believe Henry would finally be able to see the wisdom that true joy and happiness comes when ALL are enjoying the bounties of the earth, when not one more person or child will have to live without a shelter, or without 3 square and nutritious meals a day, and that no one will ever have to die of a curable disease, but for the want of health care.
All Henry would be required to do is sign the Declaration seen at the website, wwunited.org, and use some of his resources and influence to advertize and encourage others (we need millions and millions of signatures) to do the same.
With these signatures and the united voice of the people, we would demand that our government, through an executive order, use its resources for Life, Liberty and the Pursuit of Happiness instead of death and destruction by granting, basic necessities to those who need---veterans, newly married who wish to save $$ for dream homes, runaways, the victims of OR and WA floods and CA fires, the Katrina victims who've been largely ignored, etc. One qualifies if you are a human being thus eliminating the red tape that protracts relief. (Think of the many, many jobs this would create for oversight of these programs)
It would be funded the same way the "war on terror" is funded. Then every seven years the government would seek debt relief the way it is done for third world countries every year. The wealthy creditors would not be affected any more than a "burp" or a "bubble" in their lifestyles when through capitalism the process would be repeated.
When resources are available to all human beings (and of course not all will want this) at no cost, theft and corruption of the system would be eliminated.
Crime or terrorism in all its ugly disguises, which is the consequence of ignoring the plight of the destitute and desperate, would greatly diminish.
There would no longer be a need for Social Security.
No one would have to work at jobs where they are not receiving humane treatment...no more sweatshops, child brothels, child labor, sexual harrassment or exploitation...because they would always know their basic necessities would be met.
"Basic necessities" will not include vacations, cars, TVs, Twinkies, cigarettes and Starbucks...so if one wants amenities they will have to get a job even if only part time.
However, it now means instead of paying ones hard earned cash on what one needs to make ends meet---they can spend it on what they want to make them happy.
People will want to work when they can finally see the possiblity of a vacation, fancy cars, fancy clothes, etc.
Think of the money that will be pumped back into the ecomony.
There would now be increased competition for the best and finest resources, wholesome foods, excellent shelters, medical care, etc. ....instead of settling for the cheapest and substandard.
Fences, walls and borders can be eliminated when this concept spreads around the world. Who will want to leave the comfort of family and friends to come to America (except to visit) when their own governments are providing their basic necessities?
The most amazing thing of all....Henry and/or Mr. Greenwald can take all the credit for this program and solution because we don't care who gets the credit...WE ONLY WANT TO SOLVE THE PROBLEM.
Our greatest reward (since we are all unpaid volunteers and always will be---it is written into our by laws) will be in knowing that not one more person or child will have to live and die on the streets, go te bed hungry, or eat out of a dumpster or die for the want of health care.
Thanks for your time. If you don't choose me I do hope that you will at least visit our website and kindly add your signature to our Declaration!!
You're a fantasist because millions like yourself actually believe that one day you'd make that much money, achieve the american dream writ large when chances are you're going nowhere. You've bought the pr line, you've been suckered. There will never be a day where you can look back and think 'thank god i was against the inheritance tax and worked to keep the 15% loophole on my earnings, etc...'
pathetic.
I am a long time RCA employee, who experienced how these guys operate...
GE (Neutron, Jack Welsh) aquired RCA in a shady deal, only interested in ripping off the employees pension "OVERFUNDED????)fund...getting CBS and the defense and medical parts of RCA...dumped everything else.....RCA, GE etc...which are now all made in China...Jack earned the name "Neutron" as when he aquires a Company most employees disappear....
Proceeding the way we are the middle class with disappear and we will be as Mexico, Brazil etc Gated Communities and the dirt poor....
The sad truth is that the rich get richer while the poor get poorer, in this country more than any other in the industrialized world. And the system favors that direction so obviously that it is impossible to overlook, yet most of us choose to look the other way. Why, I wonder?
Is it because we who object to this immorality we get branded as socialists, or even communists? What bull. Asking for social justice has nothing to do with communism. As long as 99% of Americans equate social democracy with communism, our society will not see genuine prosperity and true equality.
What would I do with his homes? Well, I'd certainly let him keep one, or part of one (nobody deserves to be homeless, even that guy), but the rest I'd auction away and the profits would go 100% to social projects such as education, improvement of infrastructure, hospitals and health care, etc.
It's just ridiculous that there is people like this guy. I have no idea how many worlds he's saved from destruction and how many times he had been proclaimed a superhero, but nothing justifies his wealth. It's no less than a sin to be so rich while people elsewhere in the world are starving or living in misery. I don't know how he sleeps at night. Perhaps because he donates 0.0001% of his salary to charities. WOW! He's exonerated.
GREED is "NOT" Good!...It is the root cause of ALL evil! ALL "Evil"...WILL BE REMOVED!!!FOREVER!!! "VERY SOON"!!!
is that your little hero here makes his money at
the expense of the hard working man who needs his
job to support his family, pay health Ins. (if he
even has any), and is just trying to survive. OTIS, OTIS, OTIS, you are an idiot if you think that this kind of wealth is gained by just hard work. This man's money is at expense of all of us; you too, OTIS!What would I do with this guy?
I would have the IRS check him out for any fraud,
the rico act for perhaps illegal dealings, Any banking fraud, etc, etc. There is NO WAY in the world this much wealth could have been gained with
illegal activies.
Run along now, little boy. We adults are having a big-boy conversation.
While planning the "open Houses", I would also place the Mansions and their context up on the auction block to sell, with the proceeds I would see to it that Kravis's servants that run all the mansions would receive enough of the money to be able to live comfortable, I would build enough shelters across the US to feed, shelter and clothe the homeless and poor,I would have medical staff and pharmacies in place to care for all that needs or can't afford medical help, for free.
I would also buy up property to build factories and put people back to work at a fair wage, not a low wage.
In other words, I would take the proceeds from the sale of all the mansions,their contents and use it to rebuild America to what it once was before Kravis, GW Bush, and their buddies started dismantling our beloved Nation and the people in it.
Power To The People !
Also - To address the coward who posted below as anonymous and stuck up for these greedy bastards: I highly doubt that most of the members of these pension plans that are used by KKR & Blackstone to do their dirty work REALLY knew what their dollars were doing and that their profits were at the expense of the jobs and local economies of everyday Americans, that they would continue to support their pension funds being used for these nefarious purposes!
Have a happy new year Mr. amd Mrs. Karvis.
And God Bless America and our Troops at war.
The ChoctawCherokeeWriterGirl.
Dallas, Texas
But I'd turn it into a private Guantanamo to hold neo-cons for years without right of habeus corpus.
Second, I would use the horse-farm house as a combination camp for poor inner-city, physically/mentally disabled, sick kids and a sustainable farm.
Third, I would use the West Palm Beach house as a combination domestic violence shelter, homeless shelter, and free clinic for all.
Fourth, I would sell the fourth home and split the proceeds into grants for poor/middle class kids who want to go to college.
Fifth and finally, I would put Kravis under house arrest in his Park Avenue penthouse and make him throw a lavish holiday party for the workers he's laid off and their families. He would have to give each person one year's salary and pay off any debt they owe. Then, he'd have pay their health benefits for one year. Further, he'd have to pay their mortgages or rents for one year, buy their kids' computers and cars for school, and put at least $50,000/each in their college funds. Lastly, he would have to pay for a month's vacation, anywhere in the world, for all the families. That should take care of his year's earnings, and give those families a taste of the very financial security he enjoys daily.
On the property I would plant many trees, have a native plants garden, and use the rest of the land to grow a sustainable, organic farm to help feed and teach the people I am helping. I would also use this house as a demonstration house for those who'd like to visit, including schools, teaching about permaculture and sustainability, the impact we all have on this planet, and caring for others in need.
Believe it or not, it would be a dream come true for me to do something like this.
And like I said in my first post that you ignored, KKR & Blackstone could invest in socially responsible funds instead of snatching up companies and then selling them off at pennies on the dollar without care to how they affect the workers, economies or environments:
http://www.socialfunds.com/
Calvert Socially Responsible Funds:
http://calvert.com/sri_8151.html
Pax World Value Fund:
http://www.socialfunds.com/news/article.cgi/238...
California State Teachers Retirement System
-More than 70 investments into private equity firms.
-Most notably..
Blackstone Group, L.P. 2003
Carlyle Group, The 2005
Cerberus Capital Management, L.P. 2001
Summit Partners 2001
They were repeat investors in every one of these.
This is the same for every teachers pension, government pension, school endowment (from Harvard to state universities) and retirement funds. Maybe it sucks that this guy has oodles of money...but so do lots of people. We just think its ok if Oprah or any number of baseball players have it because their "nice" or "fun"...and they make very public, yet miniscule donations compared to their actual wealth. It would be great to see Kravis donate most of his welath...but what is the right amount? Should it be 20%, 50%, everything except what he needs to barely survive? What about waiting until he has an incredible amount and then donating it all like Warren Buffet?Depends on your philosophy.
If you don't like how much he or other rich people make then vote for someone else to be in office. Everyone should note that the companies being bought out are not doing well. There is a darker side to not doing well...its called bankruptcy. Or in extreme cases an utter dissolving of a company ie Enron (true evil). At least private equity can create jobs(contrary to popular belief). If you want to be upset then call your congressional rep. Tell them your ticked off and that he/she should change the 15% carry to 35%.
Now if I owned it for a day, I would sell it at whatever price it would go for in a day. With that money I would immediately "retire" from my current job and devote the rest of my life fighting disproportionate incomes.
There is no way a human being can actually "work" to earn $50k per hour. Can't be done. So where does his wealth come from? If a person lived on an island alone they could never amass that kind of wealth. It must, then, come from somewhere. Where? Obviously, it comes from other people.
The conservatives will complain that I want to take away money that he has "earned". And that would be unfair, if that were true. The truth is, the ultra wealthy are the ones doing the taking. They are taking a little bit from a lot of people. And, of course, the conservatives have no problem with that, because that's what they do. It is how they amass wealth. Small thefts from thousands of people.
And why is it "theft"? The wealth is obviously created by the efforts of the people that do the work. If there is that much wealth left over for these wealthy few to scoop up, then the people doing the work must not be getting a fair compensation for their efforts. In other words, their work is worth more than they are paid for it.
Brave New Films' main point here is that why should KKR & Blackstone's richest members pay 1/2 in taxes than people who make a tiny fraction of their income and contribute much more substance to society by teaching, saving people's lives & property?
We would not of course, use torture, except in the simplicity of the cuisine and the absence of massage facilities.
You want to find out what's going on? Subscribe to www.Brasschecktv.com and
www. NewswiththeViews.com. Read, Read, Read and when you are done reading, read some more!
There are many more like Kravis. In fact, the corporations that are running this country consist of many Kravis's. Open your eyes, America--open the eyes of your soul and see beyond the obvious.
Kravis reminds me of an ancient Greek myth--a huge snake essentially that was controlling the waterways (I think I am right in that) and it had to be killed to free the water for people to drink. Hercules attempted to cut off its head but each time he cut it off another head appeared and another and another. The equation is that if you get rid of Kravis there will be many more to replace him. It's not Kravis that should repel us it is what our country has become. It is up to us to change it but to do that WE too have to change!!
Namaste,
Tina Louise
www.tinalouise.co.uk
he's not the hero or benefactor or great man you make him out to be-- he's good at what he does, which is making money out of destruction. then teachers' pensions are safe for the time being and pensions can trust him with their funds. but to paint him as a saint (claiming he's enriched so and so) is misguided.
and anyway, it's about the taxes and fair share-- that's all.
so don't come at me with your bullshit questions and staunch defense of a contemptible human being by propping up examples of californians living fat and happy with their pensions cause good ol' hank came through and didn't lose their money. it's not about that. it's about those with so much not keeping their bargin as citizens (getting taxed the same).
P.S. If your not going to wear your glasses, take them off your head on your next interview, small and probably meaningless point, but don't give people a reason to be distracted from the points you are making.
I called it as such because if this is your only source, then it's not good enough. no conspiracy theory there. simple fact checking. big money men, big contributors can lie with impunity (remembe the tobacco 7) to politicians whose pockets they line. no conspiracy theory there. that's just simple politics.
Fine, "ensuring" their pensions, although individuals will likely be much better off in a world where their pensions do exist as when they don't. You make it sound like pensions are always there, well, trust me, they aren't. You need guys, even if they are so-rich-you're-mad-for-some-reason, to make sure they come through.
my point exactly. pensions aren't always there. because guys like kravis can decide whether to cut them or not when they take over a company. btw, i'm not mad that he's rich (that's the single biggest bullshit accusation i keep hearing). it's that guys like that fob off the tax burden to the poor and middle class.
this is my life time dream. That is to open up companies for the disabled only.
and that's one of my original complaints-- that it IS legal? that's the point. see, you've made me so angry that i got sidetracked.
in addition to feeding, sheltering, offering donated clothing and toiletries -- soap, razors, shampoo, etc. -- to the homeless people, I'd install (or keep, depending what's there already) (!) a large flat-screen screen and have community movie nights with films that can lift and inspire people in need and those who are motivated to help them, alike.
in addition to being a center for helping those in extreme need, the idea is to help educate people NOT in extreme need about the realities of poverty, greed, homelessness, desperation, generosity, service and other realities we're facing in our society today.
a few films I would show -- The Pursuit Of Happyness, BBC's fine renditions of Charles Dickens novels (like Oliver Twist, Martin Chuzzlewit and Bleak House), Dead Man Walking, Bobby, Wall Street, Sister Helen, and other stories that present deep, unflinching portraits of greed run amok (and its consequences), of people living lives of service to one another, and of stories that broaden the horizons of people to include possibilities of recovery, generosity, decency and a balanced approach to wealth or privilege.
it breaks my heart that this country is becoming more and more and more polarized -- as the rich are becoming ridiculously richer while the poor are becoming obscenely poorer. this wheel of greed and avarice at the expense of human beings and their lives HAS to stop, and it's up to each of us to figure out ways in which we can contribute to stopping that wheel from spinning completely out of control.
Then I would really badger congress and all my representatives to stop taking money from private equity firms and start taxing them heavily perhaps with back taxes for all the pain they caused their victims.
Maybe he would donate a mansion and raise money for a school for gifted kids and kids with disabilities.
I've have been making 20.00 hour for the last 15 years just to get benefits all those job changes, just to keep up
now the difference between Democrats
and Republicans, is
Republicans leave you behind.....
..Democrats drag you along
yes they look like they spend more......but look how much they have spent in the last 15 years? but look around does it look like anything has changed?
the real end is a flat sales tax....you buy you pay tax...end of problem...I could care lees if I went in and bought some thing and payed Tax but to pay tax and then go and pay more tax??
now has anybody seen" Zeitgeist"? yes some of it does seem off the wall??? but I'll tell you something how many times did you hear something, just to find out years later that it wasn't true....like when I got married I went to do tax's and seen that we payed less when we are single, my wife told me I was crazy, and her dad said so also,,,,but then 10 years later it was out of the box, but I'm a mechanic what should I know about this type of stuff, but come on I can add,Eh?
I'd tear it down and make him eat whatever isn't recyclable, after having it pulverized and put into gelcaps. I think a few cubic inches a day would be appropriate.
Bon appetite, Henry.
Also, if we held the tax rate the same for the Henry Kravets's of this country as for those makingt $60000 a year, then the country would be almost out of debt in two years. Amazing.
I might set aside a portion -- probably from the sale of a single pretentious and aristocratic item (like a thoroughbred horse) -- to hire a rabbi, reverend or priest to follow Kravitz wherever he goes for an entire year. During this year, the clergy would pray for the afflicted and hungry. He/she would also say a sunrise, noon, and sunset prayer for Kravitz' redemption. Since I doubt this will become a full-time job soon, I hope some of you will join me in doing this tonight.
I envision opening a few of the more desirable locations as Resort Hotels to generate income. All properties should have a portion of the housing at each location made available to the homeless. Working the Hotels side being a job opportunity or stays limited to a day or two.
All properties/resorts could include a Music venue (or two!) ... Providing more employment.
How's that for an idea?
Jobs, transport, combat global warming and feeling good.
First, I would invite all of Henry's billionaire friends over for a Christmas party. Gold invitations, the works. To entice the neocons, I would announce that Dubya Bush hisself was going to be there dressed as Santa, doling out more tax breaks for them. They would all show up for sure.
Then when I have them all there, I would kidnap them all and drop them smack dab in the middle of our country, where the Third World exists on the Pine Ridge Indian Reservation. I would give them a history lesson on what greed and Manifest Destiny, not to mention the Pope, did to our First Peoples. How that same greed is still alive today and thriving against the Lakota People. I would show them how poverty truly trickles down: The highest unemployment rate in the counry/ the highest suicide rate/ the highest alcoholic rate/ the lowest life expectancy of any group in the U.S/
most people are living in deplorable conditions-no heat, no running water, no electricity. Last year due to the sub zero temps people were actually burning their clothes for heat.
All of these deplorable conditions are due to the US and Tribal Governments treatment of these people for the last 200 years. There are no jobs. If there is a job off the reservation, you have no car. If you have a car, gas is too expensive. If you can afford the gas to drive 50 miles to work, how do you feed your kids? How about diapers? Baby formula? Most families I know have multiple people living in one dilapated trailer with kids and elders sleeping on the floor in the freezing winter.
I want Henry and his buddies to see this. To experience this. I challenge them to meet me on the hill at the Wounded Knee Massacre Site, on December 29, the anniversary of the day over 350 unarmed men,women, and children were gunned down by the US Government. I challenge Henry and his cohorts to drive around the rez and speak with the people. To sleep on their floors and eat the commodity foods they get in paltry sums from the BIA and Government.
I then challenge them to leave the reservation after getting to know these beautiful people, after witnessing their humor, their culture, and their great pride which enables them to survive each and every day. I challenge them to leave and not look back.
I challenge them to give where it is needed most.
Save your soul, Henry boy.
Mitakuye Oyasin
''We are all related"
I'd throw a big party for children on the grounds and then bulldose the entire grounds and build low income housing on it.
This is the most fun I've had since I retired disabled, and uninsured on SS Disability. Thanks.
The result would lead to creative plans for the destratisification this country's corporate structure and invigorate the field for innovation at a time when we need to become the forefront for solutions to climate change and energy efficiency.
It could be the beginning of an inclusive social movement that could spawn internet activity in science, education, human rights and the arts, medicine, music and spiritual transformation through refocusing on true infrastructure needs.
Whos the moron, the guy making cahs, or the morons sucking up for $10 an hour. LOL! This is funny. Im glad my dad makes loads cos im minted and dont have to worry about all this. HAHA this is soo funny. These pathetic people complaining cos they couldnt make any real money, and im gonna jsut walk into a $200K job next year,. ahahahahahaha wicked. Im sorted
To the Henry Kravis’ of the world, what you are doing is shameful and you should know it. How much money do you or anyone like you need? What are you doing with it? How can you and your wife sleep while millions don’t even have a roof over their heads?
Capitalism is great! Methinks that being able to have no ceiling on wages is fantastic. Being able to choose what we will be and do in life is something that mankind only dreamed about for countless centuries. But morality demands that what is earned be earned fairly and what you and others like you are doing is distinctly immoral.
First, to purchase a public company with the intent of getting rid of wage earners is unconscionable. Do you even wince just once for each person who you gleefully toss into what very well could be poverty?
The first time I realized how American Capitalism views the “elderly” I didn’t know whether to laugh or cry. It hit me personally when I turned 45 and a week later was “downsized” due to the company’s need to hire a new disc jockey who demanded a higher salary than my radio station could pay. His greed put me out on the street competing with 20 year-olds who had no experience and were willing to work for a fraction of what I used to make.
But this isn’t about me; it is about what I would do with Mr. & Mrs. Kravis’ penthouse. First, I would never enter it; I couldn’t be any part of something that was bought with the blood of innocent men and women whose blood he shed when he tossed them out on the street so he could make more money. Instead, I’d sell the blasted place.
Being disabled and plagued with a series of medical problems, I’d want to spend some of the proceeds on stroke recovery programs that would permit survivors to regain much of their lost mobility. The technology is out there, but it is too expensive for most people, so they remain unemployable and in poverty for the rest of their lives. For less than $5,000 each, they could regain their mobility and be gainfully employed.
I’d like to spend some money researching some of the orphan diseases that abound but there’s not enough money to work on potential cures. I have two of those and although I find humor in them, most people don’t and are too ashamed of their situations to go out in public. What a waste of human potential.
And speaking of human potential, I would spend the largest amount on providing a water supply for each and every African village possible. Why? Because running water in those places means that girls go running for water several times a day. They must travel, in many situations, miles to reach water that we wouldn’t let our animals drink.
I want to build pipelines that would take that water, purify it, and after it was safe to drink, supply enough for every person in those villages. But I’d go one step further: I’d hire engineers to stay behind and keep those water supplies running until home-grown engineers could take over.
We, in this country, haven’t the foggiest idea of what water means. Those water carrying girls cannot go to school. If they cannot go to school they cannot break out of the continuing cycle of poverty into which they are born. No, I’m not an African-American, but my heart breaks every time I draw a clean glass of water from my tap knowing that there are young women whose entire lives will be lost because of the younger lives being wasted in hauling water. Just because they are African and I’m not doesn’t mean I can’t have human to human feelings for them.
Then there is something that makes me so angry my blood pressure spikes dangerously high when I dwell on it. I live between two major cities in Texas and people are going to bed hungry every night of the week. That is not acceptable to me and should not be acceptable to any American of good will.
We are a country that has so much excess food that we either plow it into the ground or throw it away. Go to the rear of any good restaurant and see how much food we waste.
What I envision is a healthy selection of MREs (meals ready to eat) that could be made available to each and every food bank in the country. They could be made for children and adults and be fortified for each need: Pregnant women, children at risk of starvation, higher calorie fortified food for men, etc. It could be done, all that is missing is the desire and the money.
I believe in God. I believe that we are here to help each other. Mr. and Mrs. Bill Gates are my heroes; they are spending Bill’s fortune on helping people. I don’t honestly know if the people we are attacking are doing anything for others, but simply by firing hard working men and women simply to add more money to his coffers is beyond contempt.
Money is not the beginning of evil, the LOVE of money is. I see houses of worship building larger and more expensive “worship” centers. Worshipping God by helping his children (and we are all his children) is the higher calling.
I’m Jewish. My synagogue did not even have a ceiling when I joined it. It has uncomfortable folding chairs. Finally the noise of the rain caused us to build a ceiling, but we’re still sitting on folding chairs. There are more important things than being comfortable for a few hours a week.
Jesus said that the poor would always be with us. But I’ve never heard any religious leader say “…but don’t feed them or let them have clean, drinkable water.”
My health challenges prevent me from doing what I want to do…for now. If I can overcome them, look out, I’m heading to Africa or to the manufacturers of MREs.
Long live capitalism, and may the hearts of those who have thrived because of our wonderful system open their hearts and minds. If not, they’re going to have to spend a lot of time in the sun as do all reptiles in order to keep warm.
With another one, I would do the same, but build hospitals. With another, I would again sell it, and I would build beautiful parks in Iraq where the children could play amongst beautiful treed and flowered gardens.
In conclusion, I would do everything possible to bring light to this world darkened by greed. donna
Why not growth through giving. Make something with your money. Make a bridge. Fund an invention. Build a school. Just Add to society and quit trying to take from it.
These people are disgusting because they only care about themselves. They are apart of nothing.
Oops! I forgot to make that incredibly huge loan and interest payment Mr. Kravis said was due today. Hope 'Hankie' won't be too pissed off. It'll only cost him, what?? $100m? Pocket change. No biggie.
OK, so that puts unearned money into the bank's hands and keeps some well-deserving charity from receiving it. I just want Mr. Kravis to experience the fear 'normal people' get when a loan payment is missed because they don't have enough cash in the bank to pay all the bills. *You* know what's going to happen next. The bank adds the finance charge, the late fee, and the over-the-limit fee to your account. After missing three payments in a row, your account goes to in house collections, then those nasty phone calls start coming everyday.
Six years ago, we had a loan through Wachovia Bank, and that's what they did to us. We didn't need the entire amount borrowed (estimated dental fees), and tried to refinance the loan to get a lower monthly payment. Wachovia refused so the (high) monthly loan payment remained the same. During this time period, my husband had lost his job, so we couldn't borrow elsewhere to pay off Wachovia. Six months later, I lost my job due to the economy; my husband did find another job, but we were already deep in the hole.
The fear of losing the roof over your head, or of the electricity being turned off in winter, and of eating thin soup and crackers for dinner every night; the fear of wondering where the money will come from to pay rent, food, and utilies, just those things alone, is the fear I want Mr. Kravis to know.
Would it be too much to ask that Kravis live with that fear every single day for the rest of his life? Oh, and having to make up some bullshit story for the collection agents everyday. Certainly all this would go towards paying back some of his karma for his next life.
Then I would start an awareness campaign to get out the message that we don't need more people on the planet, we need to take care of the ones we have, starting with the children!
So next time you think about adding to your family, consider adopting a child who needs a loving family instead of bringing yet another life into the severely over-populated world.
The funds would be used for starting innercity garden projects in the poorest neighborhoods of LA, NYC, Detroit, New Orleans, Jersey, etc., and providing scholarships to innercity kids that empower them to change their neighborhoods, and for the creation of land trusts which could hold those sites in perpetuity as part of homesfirst / habitat for humanity LEED rated/energy star homes (see and www.homesfirst.on.ca www.habitat.org www.usgbc.org www.energystar.gov set into permaculture designed ecovillages (http://www.laecovillage.org/).
Prior to dinner I would have a few guest speakers, such as Paul Hawken on economics & social capital, Al Gore on political ecology, and Wangari Maathai on the role of trees in healing our landscapes and domestic lives.
Now, lets talk about the food. All of it would be served on the finest serving ware with the best silver settings. It would consist of dumpster dived foods, wild foraged foods and edibles attained from the local environment. It would be prepared by fine food chefs of course, so that its origins weren’t obvious. After the meal was fully started, the origins would be announced by the entertainers…and that’s the best part.
About 20 minutes into the dinner every B street performer, busker, street musician, drunken balladeer, Elvis impersonator, worn out strip tease artist, tranny in drag, bungling juggler, and so on, that we could fit into the dining hall would be set out to perform. The origins of the food would be announced, and then all at once the performers would begin. Of course, the doors would be closed so that no-one could leave until additional gratuity checks were donated for the privilege of leaving prior to the announced end of the party, ensuring that anyone who wanted to leave before the cacophony ended would have to charge the owner of the premises with kidnapping (hey, he agreed to throw the party, right?) or cough up another 5-25K in order to leave early.
I would allow the contents of the home he did not remove prior to use ( a contract on that would be signed limiting his removal to family heirlooms and not including purchases he personally made) to be up for bid in a silent auction for the benefit of the above agenda, and as final act of entertainment, I would challenge Kravis’s chief body guard to a hand to hand martial competition. If I won, I would accept a 45 million dollar additional donation from Kravis himself (1/10 of annual income is the Christian admonition), but if I lost I would accept the donation on the condition that I forgo my own life dreams and manage the above projects for 5 years, granted a living stipend equal to three hours of his time per year plus the CPI annually. I have a resume which asserts my qualifications to this end as well as letters of reference from respected businessmen who work to keep people employed at living wages and whose dedication to community is stronger than drive to attain incredible profit margins.
That is my approach to providing the highest and best use of the premises if I were given a holiday weekend to use it as my own.
Well done Mr Kravis
You make companies more efficient. You risk money you have borrowed to make these companies more efficient. You and people like you make America great.
Well done.
Enjoy your wealth. You have earned it.
THEN, when the one (1) day was over, I would give each of these budding geniuses as much money as Kravis earns in one day, after taxes, to spend however they like wherever they like, so long as it was lawful and ethical.
As for what I would do with his swimming pools and beachfront private resorts, that is entirely my own business, but I would spend the day there quite well, and pick up the same said money amount from Kravis at the end. I, too, have never made anything remeotely like those annual amounts on my own artistic passion.
Then I would do it all over again the next day, and the day after that. And so on.
Kravis would never miss it at all.
Thank you very much,
Stephen C. Wetlesen,
Poetic Artist
Their have been putting presidents and corrupting governments around the world. Look what happened in Chile with Allende if you wanna understand what im saying, thats just one example...
We the people should not let the money rule our life. DEMOCRACY is not a word that describes a government, it is a word that describes a SOCIETY; POLITICS is the space where our life is defined and practiced, DO NOT GIVE this space to people with wrong viewings if you wanna lead a good life in a good and just society.
Best scenario: Have access to all homes, but one in heavily populated place would do.
1- Guided tours 24-7 for the duration during which guests would be given information not just on Kravis but on the culture of greed.
2 - At the conclusion of the tour, guests would be invited to register to vote, sign petitions, write notes to legislators,
3- Each family or individual would be given a packet entitled "The Power of 2/64 (2 to the power of 64)."
It is based on this story:
The Emperor of India put the call out to his subjects that he wanted a new game invented and that there would be a reward for the inventor of the best one. An old man came to him with Chess - after showing him the game and looking at the other inventions CHESS was declared the winner. The Emperor was so exultant over the invention of chess that he offered the inventor anything he wanted in the kingdom. The inventor thought for a minute and then said, "One grain of rice, Your Majesty."
"Just one grain of rice?"
"Yes, just one grain of rice on the first square of the chess board, two grains of rice on the second square, four grains of rice on the third square," and so on. Each sqare got double the grains of rice that the last square had. Doesnt sound like much of a prize til you do the math!
The Emperor goes bankrupt because 2to the 64th power (2 to the 64 squares in the chessboard, 2 to the 64 grains of rice) is 18 million billion grains of rice. At 10 grains of rice per square inch of rice fields, that would mean that the entire surface of the earth would have to be covered with rice fields two times over, oceans included.'
The packet that each person receives contains information such aa talking points, petitions, and brochures each person can use to help persuade just four other people to take action. As a reward, each of the four would get a copy of the packet with the expectation that they, too, will persuade just 4 people to take action.
This would, IMHO, do a great deal to mobilize people for change. And, I would love doing it at one of Kravis' homes!
Nick Clark
I want to answer some of the people who say this is the way it should work with a capitalistic system. I am not saying that people shouldn't make this kind of money, if they can - responsibly & honestly. The problem is that they are not paying their share of taxes & taxes are what this country needs to fulfill it's duty to the populace.
Greed is what has ruined our reputation in the world. It is what causes our government to invade another country when there was no reason to do so.
We are way too obsessed as a society on consumption, and having more and more "stuff". And while so many of us condemn the rich and greedy for all the "stuff" they have obtained, many of us would fall into the same patterns of unnecessary consumption if given the opportunity.
Some people just don't care about anyone except themselves and Henry Kravis is one of those poor soles. I feel sorry for him.
But if I were its owner, I would gladly offer it to the city of NY to serve as a much needed homeless shelter. What kind of system enables such egregious inequities?!
I would sell everything and help the elderly with little or no money to enjoy the rest of their lives.
They have paid their dues and deserve our support.
Since loan fraud has became vogue, acceptable and easily accomplished I would take out simultaneous $50,000,000 loans from WAMU, Countrywide, Wachovia, Citibank, Wells, Chase, BofA, etc.
After 1/2 a billion or so of loans were recorded
we could set aside a million or two for a raging party. Of course you would want to get all the action on video so hidden cameras would be installed through out the home.
I would then invite his most connected friends; unconscionable business tycoons, corrupt politicians, etc.
The most attractive, wild male and female escorts would be hired to help entertain and relax the (straight, bi, open and closet gays). Once everyone was intoxicated and comfortable discussions would begin about how "we" screwed over taxpayers, shareholders, etc. Eventually, everyone would be trying to one up the other.
After sufficient footage was shot I would then call the media and police to report the illegal, sex party.
The inside footage would first be used to extort more money from the guests and then eventually forwarded to Robert G. for another one of his great films.
Some of the money would be used to destroy the lives of all the corrupt politicians and business people who have been destroying our country.
I would use the remaining money (except $5 million for me)to:
a)prosecute and disgorge these criminals of their fortunes
b)campaign for politicians who will properly represent their constituents, especially the President.
c)create a 4th branch of government that will only be in charge of overlooking the other branches.
Food, shelter and health care would eventually be provided to all Americans who are willing to work.
And everyone lived happily ever after.
Michael Blomquist
www.discountrealty.com
We are all connected.
If "I" had a giant mansion I would invite all who would be willing to work towards the true existence of humanity. One where currency no longer exists because personal admiration is the only thing that determines value. An existence where atrocities like this could never happen because not one person would desire it. One where people do not work simply to live but to care and create. One without fear and confusion but of much joy and its consistency.
These people could make it happen and simply through logical discussion of ethics not morals. It would not be an argument, only a summation of ideas to fix the problems we didn't create. There is no need for greed like this to reign any longer if all those willing to make its demise priority one.
Its easy to see destruction because our human nature favors it. It will take effort to change things but I'm sure the juice is worth the squeeze.
So he's rich.
I only make $45,000 year and I'm doing ok by it.
Sure It would be nice to be rich beyond your needs..... But I bet I have a much better, healthier wholesome life than what Henry Kravis and gang will ever have.
There is not enough money and wealth in the world that could buy the happiness and joy that I have in my life.
What a wonderful statement to make we would make FOR EDUCATION!
I find it boggling that John and Deglazer and the rest of the Kravis apologists can stray from a basic theme and insert their own flaccid defense of a corrupt system. IT'S ABOUT THE TAXES. The rest of the profile just shows what a callous twat he is.
This is absurd, life isn't fair, and he pays less tax because he pays 15% capital gains tax, which according to the LAW is less than ordinary income. He is investing some of his money such the tax treated as cap gains. In addition, the absolute amt. of tax revenues he is giving the government has amounted to the hundreds of millions.
You are all so naive, and so uneducated. You lack of income is not Henry Kravis' problem, he had not hing to do with you not making "enough".
It is his private right to spend as he wishes, shame on all of you.
If only you'd spent as much time on BECOMING successful as you spend on trying to PREVENT OTHERS from enjoying success... you'd be successful too.
There's enough to go around. And you don't have to give up your morals to do it.
Forget about theirs. Just focus on yours and you'll be fine.
What would I do with Henry's house, Plan B: Gather all the world rulers who are war hungry and parasites on other nations and their people...let their own soldiers do what they did to the innocent people & get a taste of it too.
Those who come there will be able to live there free, in order to save their money to be able to afford their own place. When they move out then others who are in need would be able to move in. This process could continue so that no one person has a monopoly on living there. In fact, I think that Mitt Romney also made his $ by buying companies, laying off workers and then rehiring them at much less than what they were paid before. He sliced and diced his way into his wealth as well. Explain the difference between he and Kravis? Maybe Mitt has some extra space some homeless people could use.
I know that the world is not fair, but his income is DIRECTLY tied to his performance. Ironically, his income method is actually the most fair and capitalistic method out there: You earn depending on how much business you generate. His income isn't necessarily ~$400m a year every year, but varies with the amount of profits that KKR makes. This, in my opinion, is the best method out there. We have all encountered those receptionists and such who don't give a damn about customers because unless they seriously screw up and are fired, they know they'll be bringing in the same $30,000 home every year. KKR's method gives him motivation to go above and beyond of what is required.
What about that do you not understand? If you embrace greed so be it but be honest so people know where you stand.
You know what I've noticed? None of these wars seem to be working out really well for the people involved on either side.
How about being in favor of something? Equality, maybe, or human rights? How about being in favor of food, shelter, clothing, security, freedom, education, and medical care for all people? Can we try that maybe?
"our" own tax dollars...
Scott
I'd buy a one-way ticket home to CA and then I'd donate the remaining monies to my favorite charities in Petaluma, CA.
Oh, and buy dinner for 10 close friends
You guys do not even get the basic definition of PE right. Unbelievable.
You know, that video reminded me of something that I saw somewhere once - I think it was about the peasants taking the money from the rich and redistributing it for social welfare.
Oh wait, I think it was called socialism. We all know how well that worked out.
I think that the only honest answer was from the kid, who said that he'd sell the house and buy all the videogames that he could.
The person who made this film is probably a serious nutjob. What is this? Propaganda material? Alternating between the rich and the poor?
What a bunch of idiots. I wonder what happened to the days when the US was the land of opportunities and where you said, "Hey, I will earn as much as that guy if not more".
Instead, people bitch and moan and whine and would rather have it all handed it over to them. How about getting off that ass, working two or three jobs, getting a couple of college degrees and seeing how far you go in life? No? Too hard for you?
It upsets me that greed is worshiped in this country...that men, such as Mr. Kravis, are envied. I think he must have a self-confidence issue since he surrounds himself with so much pomp. I am angered that he has sold out his fellow Americans to attain his wealth. Mr. Kravis is a perfect example of why America is reguarded by many as "The Great Satan".
He will not be missed.
Learn
Read Ron Pauls words....
Jews for Ron Paul
Equal Rights are EQUAL, not preferential.
THEY NEED NOT BE HOUSEBROKEN. Let's think big, and use them all. Has anyone else noticed that the republicans who post stuff here are all bitter and humorless? How is it that when they got what they wanted with our huge gov't handouts to the rich, they still all sound like sour losers? Time for fair taxes, and a productive civilization---or just a civilization.
"Wah! I'm a teacher and people make more than me. Wah. I love being a teacher, this is my hovel. Wah."
Listen, I love playing backgammon, jetskiing and having sex, but I'm pretty sure that I'm not going to make $750,000 a year doing that, so I PICKED ANOTHER JOB. Duh.
So all you whiny teachers, nurses, etc. - Go be an investment banker. If Kravis' chose one of your jobs, he would be in the same spot as you. Ugh! I have the utmost respect for Kravis - and ZERO respect for these crybabies.
The one guy says that everyone should pay the same - I agree, but democrats (and republicans) don't - Democrats would like to see their own jack-booted thugs barge into homes of well to do people and take whatever those people "don't deserve" and 90% of what they earn so the government could waste it.
It is horrible that Americans have this "gimme" mentality. It is embarrassing and sickening. This is exactly why so many republicans STAY republicans even thought they hate the police state civil liberty assault and psycho-religious right tirade, etc.
Another thing that is not mentioned is that typically government workers such as firemen and police officers may pay more in taxes, but they often get 75% of their pay weekly for 10-20-30 years after they aren't firemen anymore. Think Kravis will get $450m a year if he STOPS working? Hell no.
And who do you think the 50 MILLION+ dollars he spent renovating his homes went to? Other millionaires? NO - probably to workers. The materials for those homes? Probably someone made those as well. What about the thousands he employs? That is tens of Millions in the economy people. And $50 Million being spent by this man is going to reap a lot more value than the government can at $15,000 per toilet seat. The government is lucky if they get $0.05 of value out of every dollar they waste so boo frickin hoo.
Yeah, "I would eBay everything in his house and give it to Charity" - nice. You'd make a great communist or Nazi. Give it to the Catholic church so they can pay off some of their molestation judgments. Ugh. Talk about taking out the (white) trash. Yeah right - and you'd give it all away... uh huh, then you would just be whining about how poor you are again.
LOL... and the kid at the end is being brought up right - "I'd sell it and buy every video game in the world" - Hey... then there would be some other kid complaining that he had an "unreasonable" number of video games.
If I offer you a $10 million dollar company for $1,000 - would you take it? Of course you would. If you didn't, you would be stupid. Now, scale that, and you have his job - looking for these opportunities. If you have a complaint, it is with the people that SELL KKR these companies in the first place.
So all you lovers of this film, go find yourselves some undervalued companies, put a buyout proposal together and make it happen, then you can keep all of the workers employed that you want - and you can give all of your profits to charity and make sure that you only live in the square footage you "deserve" no matter how much you work.
Bill Gates used to get this same rap, but he's done a million times more for the poor around the world than these whinebots in this video ever will. Think if the government had Gates' money that they would have done ANY of what he's done? They probably would have blown the entire $50 billion on the "study" of what they were going to do.
Hell, I guarantee Kravis has contributed more to society than the total of the freaks on this video.
BTW, at one time I was homeless and did not have a penny to my name. I am now a multi-millionaire - because I made a CHOICE instead of standing around breeding and bitching about how unfair it was that someone worked for something that I did not.
I feel like I just watched an episode of Springer.
"Wah! I'm a teacher and people make more than me. Wah. I love being a teacher, this is my hovel. Wah."
Listen, I love playing backgammon, jetskiing and having sex, but I'm pretty sure that I'm not going to make $750,000 a year doing that, so I PICKED ANOTHER JOB. Duh.
So all you whiny teachers, nurses, etc. - Go be an investment banker. If Kravis' chose one of your jobs, he would be in the same spot as you. Ugh! I have the utmost respect for Kravis - and ZERO respect for these crybabies.
The one guy says that everyone should pay the same - I agree, but democrats (and republicans) don't - Democrats would like to see their own jack-booted thugs barge into homes of well to do people and take whatever those people "don't deserve" and 90% of what they earn so the government could waste it.
It is horrible that Americans have this "gimme" mentality. It is embarrassing and sickening. This is exactly why so many republicans STAY republicans even thought they hate the police state civil liberty assault and psycho-religious right tirade, etc.
Another thing that is not mentioned is that typically government workers such as firemen and police officers may pay more in taxes, but they often get 75% of their pay weekly for 10-20-30 years after they aren't firemen anymore. Think Kravis will get $450m a year if he STOPS working? Hell no.
And who do you think the 50 MILLION+ dollars he spent renovating his homes went to? Other millionaires? NO - probably to workers. The materials for those homes? Probably someone made those as well. What about the thousands he employs? That is tens of Millions in the economy people. And $50 Million being spent by this man is going to reap a lot more value than the government can at $15,000 per toilet seat. The government is lucky if they get $0.05 of value out of every dollar they waste so boo frickin hoo.
Yeah, "I would eBay everything in his house and give it to Charity" - nice. You'd make a great communist or Nazi. Give it to the Catholic church so they can pay off some of their molestation judgments. Ugh. Talk about taking out the (white) trash. Yeah right - and you'd give it all away... uh huh, then you would just be whining about how poor you are again.
LOL... and the kid at the end is being brought up right - "I'd sell it and buy every video game in the world" - Hey... then there would be some other kid complaining that he had an "unreasonable" number of video games.
If I offer you a $10 million dollar company for $1,000 - would you take it? Of course you would. If you didn't, you would be stupid. Now, scale that, and you have his job - looking for these opportunities. If you have a complaint, it is with the people that SELL KKR these companies in the first place.
So all you lovers of this film, go find yourselves some undervalued companies, put a buyout proposal together and make it happen, then you can keep all of the workers employed that you want - and you can give all of your profits to charity and make sure that you only live in the square footage you "deserve" no matter how much you work.
Bill Gates used to get this same rap, but he's done a million times more for the poor around the world than these whinebots in this video ever will. Think if the government had Gates' money that they would have done ANY of what he's done? They probably would have blown the entire $50 billion on the "study" of what they were going to do.
Hell, I guarantee Kravis has contributed more to society than the total of the freaks on this video.
BTW, at one time I was homeless and did not have a penny to my name. I am now a multi-millionaire - because I made a CHOICE instead of standing around breeding and bitching about how unfair it was that someone worked for something that I did not.
I feel like I just watched an episode of Springer.
Yes, one house could be converted into an employment agency that hires back all the displaced American workers, and then uses his tax break money to pay them to do real jobs, like cleaning up our trashed environment, and feeding people. We really should get that tax money back. Another house should be a hospital/clinic for all of us in the health insurance donut hole. And the fourth house---let's choose the most opulent one for this---should be a rescue shelter and home for homeless animals, and
THEY NEED NOT BE HOUSEBROKEN. Let's think big, and use them all. Has anyone else noticed that the rethuglicans who post stuff here are all bitter and humorless? How is it that when they got what they wanted with our huge gov't handouts to the rich, they still all sound like sour losers? Time for fair taxes, and a productive civilization---or just a civilization.
And sorry, if you're going to be a nurse or teacher, you're probably going to make less than a CEO or investment banker. It would be comforting to know that the people teaching our kids KNEW this, but apparently this basic knowledge has somehow evaded them - and they are apparently passing this on.
So... Nurses/Teachers - start a Nursing/Teaching company. For you teachers there is the added bonus of knowing that even with minimal performance your company will outperform every public school. Grow it into a multi-million dollar enterprise and buy yourself a really nice house - but not TOO nice because you may not deserve it according to some others. ;-)
And to all of you talking about "giving it to a school", that is one sure way to make sure that NOTHING gets accomplished. Look at the debacle in was it Kansas City where they tried overfunding the schools - disaster. Also, note that the best funded schools in the country (DC?) are also the worst performing. Could just be coincidence. The point being - they have enough.
Ever since the Federal Government got into the school business, it has been a p-poor result ever since. They must have had a "War on Stupidity" with similar results to the "War on Poverty", "War on Drugs", "War on Terror" - all those other great successes.
Crazy though... I can't believe there are people out there that believe this stuff. Scary. I hope I don't make too much money. I'd better stop working now.
Henry Kravis not only makes more in an hour than the people featured in this video, he and the companies he's controlled have also added vast amounts of wealth to the global economy, employed many thousands of people, and incidentally paid more in taxes every MONTH than all the snivelling pinko whiners here will pay in their lives.
Russia tried it your way. 30 million dead. China tried it your way. 77 million dead. North Koreans are dropping like flies from starvation as we speak, because they're doing it your way.
Surviving in the USA requires fewer hours of work than in any of the commie worker's paradises that have ever existed. Why do you think that is?
The fact is, that socialism is nothing more than misanthropy dressed up in pious pretense. You mother fuckers couldn't care less about the poor, you just hate anyone who's taken the initiative to make something of themselves.
Kravis is a parasite. Corporate greed is destroying America and people have to stop accepting this the cost of our democracy. We can stop pigs like Kravis and still have a strong, democratic country. We can have a democracy without pandering to corporations. They're selling out America.
I come from a family with extremely humble origins - a family that includes military veterans, people who suffered from serious mental illness, regular people just like yourselves. I am in my 20s and also trying to make it in life. I went to all public schools and I did not attend college.
I do not know this man personally, but living in New York City I can't help but be aware of the Robin Hood Foundation. You can look at their website www.robinhood.org. Please take the time out to read about their origins and what they are doing. These programs have made a difference for many people I know and Mr. Kravis is a driving force behind this project.
Look guys I want a house like that and I thought the people in your film were very endearing and I would love to buy that kid every video game in the world. Let's just be careful about demonizing a man. This goes without saying but many of our heroes like Mr. Soros and Oprah and countless others live very similar lifestyles. Remember that this man has a family and this might be very hurtful to them.
The basic premise that he is getting rich while destroying people's lives is not true. It makes for a good story but it is just not true. Where are the numbers and statistics to support these claims. They are operating business that employ millions of people. The goal of the firm is to make a company more valuable. A valuable company shows growth. A growing company is hiring more employees.
Anyway overall I like to see young people doing things and I think you guys are very creative and have some great ideas and I wish you all the best of luck. I hope you consider what I've said here because I really think you are picking on the wrong guy.
Thanks and I wish you all the best.
These people do charity so they can feel good about it. But the rule is this, every cent they donate is tax deductible, so they are in essence taking your tax money and "appearing" to be a better person for it....learn the system and tax laws and you will see most charities are horse shit even if they help a few people. They would be better off making something in a factory thus employing thousands.....
Henry Kravis and people like him are worse than the robber barons of the 19th century. Their lifestyles are the same as the robber barons, but unlike the robber barons, Kravis and his cohorts do not produce anything tangible. They do not build companies. Instead, their business is to destroy companies, communities, and people's lives. I despise this kind of greed.
If given the opportunity, I would turn Henry Kravis mansions into colleges where the curriculum would be based in the liberal arts. All students would be required to take courses in Ethics, Critical Thinking, English Literature, History, Psychology, World Legal Systems, World Religons, Economics, etc. Hopefully, when they graduate, they'll understand that all this seemingly disparate disciplines are tightly connected to one another. It would be my hope that they would leave better prepared to make a positive, lasting contribution for the greater good of us all.
If I was there, I would take all my Marine buddies, my company, and every veteran I could find and we'd have a homecoming party once more.
WHY? Nothing can be done, as long as we have a fascist government, that caters to only the wealthiest and greediest among us, headed by an administration that believes its lies, deceit, hypocrisy, secrecy, corruption and incompetence are "par for the course". This situation will NOT change unless and until the American people realize how they have been and are continuing to be financially raped over the years for the benefit of the richest among us.
There is a class struggle in the United States. The rich and wealthy try to keep it hidden. We can only hope that someday it will find the light of day, and tax breaks will go to those who need the tax breaks, not wealthy financial rapists like Henry Kravitz.
Implementation of this plan is ridiculously simple, and once the first demonstration "pod" is functioning it can't help but expand (everybody who has heard about it so far wants to be a part of it)! Just think: HK's money could start the SUSTAINABILITY REVOLUTION that brings him back onto a par with the rest of us! I was getting ready to go for grant money, but the irony of starting a TRULY GRASSROOTS REVOLUTION in this society with a MAJOR capitalist's money is too good an opportunity to pass up. Yes, Mr. Kravis, you can take that as a challenge, please! Thanks, and good luck to all!
I appreciate you reading what I wrote and your response.
I am going to have to disagree with you here because the charities in question are very closely monitored by the government and they are dramatically helping hundreds of thousands of people. All of this information is publicly available and I encourage you to do the research. GuideStar may be a good place to start.
I hear you that I need to read up on the system and tax laws and I will do that - but the basic principle - our government rewards us if we make a charitable donation - seems like a good one to me.
The conversation is a good one - let's just make sure we are working with all of the correct information.
I appreciate you reading what I wrote and your response.
I am going to have to disagree with you here because the charities in question are very closely monitored by the government and they are dramatically helping hundreds of thousands of people. All of this information is publicly available and I encourage you to do the research. GuideStar may be a good place to start.
I hear you that I need to read up on the system and tax laws and I will do that - but the basic principle - our government rewards us if we make a charitable donation - seems like a good one to me.
The conversation is a good one - let's just make sure we are working with all of the correct information.
However, I’d stress that this is not a personal and individual attack on Kravis. He has the financial smarts and the chutzpah to get to where he is today. He should not be penalized for his success, nor, however, should he pay less taxes proportionately to the waitress or the plumber or, for that matter, the physician. You can judge his methods ethically, but you can’t question the legality. If one feels his methods should be regulated, then talk and write to and make films about the politicians who live in Kravis’s pocket – Schumer of New York (where I live), for example, who wants to maintain the loophole mentioned above.
I’d also use the event to convey the concept that, ideally, paying taxes is a payment for the privilege of living in a democratic, enlightened society (unlike, unfortunately, the one we Americans live in at present). I’d distribute a bumper sticker that read: I wouldn’t mind paying taxes if 50% of it didn’t go to the military-industrial complex. I’d place video screens all over the mansion. They’d play “Why We Fight” over and over again.
I wouldn’t show a movie that demonized Kravis or offered alternatives like barbecues for the neighborhood (what about the hungry or homeless in the adjacent neighborhood?) or unlimited buying of video games (the same basic greed but at a different level). While calling for equitable taxation, I’d ask to whom wouldn’t the following apply? “There, but for several billion dollars, go I.”
A Day in the Life of Mr. Henry Kravis and his stuff and how his stuff was made and by whom.
6:00 am EST. As he finishes dressing by adjusting his diamond cuff links, individuals of those that dug for those diamonds and gold would be just standing watching him in his dressing room. Children with amputated hands, Fathers bruised and bloodied and Mothers morning their sons deaths in the latest mining accident. Silently, just watching. As he moves through the hallways, gold gilded frames would hold pictures of lives he's effected .Showing the effects of his policies which contribute to the numbers of poor and uninsured masses . And their eyes follow him as he saunters down the huge Honduras mahogany and marbled staircase which is also filled with those that were made to labor unfairly in order to special order that one of a kind staircase. All just standing on the stairs silently as their eyes meet to focus on the man that has exploited them for so long. The man that has contributed nothing to a starving tax base. They follow him as he steps onto the Persian rug, as all of the children that helped make the rug sit there watching as his Italian leathers step across every weave. They too watch in silence.
Each time Mr. Kravis held a dinner party in any of his homes, I would have individuals that are on the opposite end of Kravis's spectrum , also present. Not saying anything, but just there lining the circumference of his lavish dinning room ,watching silently. As he and his many guests begin their 10 course meal the flames of one of many fire places casts their shadows onto the ceiling above the guests. And each time he and his guests raise their crystal glasses , sterling silverware and imported linen napkins to their lips, their eyes would meet hundreds of starving individuals from across the globe. Silently watching them chew and swallow every last morsel. And while those around them would love to see them choke , they say nothing .
From Pool side to Golf Course, people everywhere just standing in silence watching as Kravis goes through his routine. There would be no escape from reality entering his self made reality. No matter where he was, no matter which home he was in, there would be thousands of silent onlookers that have been abused, under payed, uncounted, and made voiceless by the corporate elite.
They would be present in office buildings, elevators,and boardrooms. Staring silently all the while into the eyes of a shallow granite man, who is about to be crushed through eye contact over time. The oppressed will fill his every waking and sleeping hour. Reminder of what he has caused and perpetrated in the name of greed.
I would also fill his pools, his water supply and his liqueur cabinets with the blood of those that have died as a result of his corporate dealings. Those that were forced to endure the inhumanity of the power brokers. I would fill his bedrooms with sobs and screams of individuals that have been screaming for fair labor , banking and tax laws , yet were punished instead.
Mr Kravis would not be able to escape the world he has created outside of his many homes. As the realities of class division that he has helped to create, begins to ooze and back flow its way into his life . He would eventually either go insane or become sane. Which ever way you care to write it. But he will eventually be effected. And he will realize that he is indeed the oppressor and that oppressors are but a minority. He will know his opulence is a false one as it is so dependent upon politicians and at the expense of the individuals that now shadow his every move. And they have had it with being oppressed...as they shout out in unison, Let him eat Ramon Noodles!
The oppressed now have a view into what type of world they were forced to create for Mr. David Kravis. And Mr. David Kravis, surely realizes that he would not be in the position he is financially if he had to rely on his own sweat labor, but rather the power of many of whom he has screwed, as he scrambled to the top of the heap of the Corporate Elite. He will soon learn that he is but a mere small individual that does not know life , only that he uses others lives in order to maintain his addiction to greed and power.
In an ideal world, after a life time of being callous , shallow and running on empty, Mr Kravis eventually succumbs to the realization that he is the problem....however we do not live in an ideal world. Therefore, the majority of individuals that have been used and abused by the corporate elite, work feverishly for new and fair Tax Laws as well as repealing the global economic system that serves a few . Oh and in the end, all material goods owned by Mr.Kravis are placed into a repository until the day an agreed and democratically fair plan is made, as to what do do with them.
As for Kravis? He was charged with many crimes and was sentenced to a glass elevator to no where in the middle of Manhattan.
Contact local arbor clubs to preserve part of the property for indiginous species, water garden for runoff and other examples to sustain a property.
Then have annual 'arbor day eve' open 'house' for the area with labels and a path to educate and increase awareness of the environment.
Reward people trying to help:
Katrina volunteers with vacation time in a ansion.
Let local schools use space as museum/field trip.
Give sailing lesson the week before America's Cup races, to those that demonstrate an interest.
Host a dance lesson/class in the ballroom with each local dance studio.
Encourage people around him:
Health care to employees / $ incentives for rain
barrels and solar panels at their homes. $ incentives/loans for staff to live closer to work/the mansion. Free bus and train passes.
Support the infrastructure of the cities he is in.
Above paying fair property taxes by setting an example for other companies.
Matching 401K to support savings by employees.
Host financial planning referals/classes.
JTGates
This goes beyond capitalism and free market economy. Clearly this is societal exploitation on a gran scale assisted by the government policies they have purchased on the backs of the rest of us.
If 100 people from each state would write a letter about it to their congressmen--it would help get things rolling.
You don't go into someone's home and start stealing stuff, and selling it on ebay, or burning it to the ground, or invite a bunch of your shifty homeless friends into it who won't respect it. What is wrong with you people? It takes a lot of work to create organization. I see from the comments here, most people when jealous or envious, descend into barbarism or become wild animals. Which is why I don't allow people into my own home. It may be only a house trailer, but I keep it immaculate, clean, and organized.
After the green energy projects began making a profit, I would take a large portion of the proceeds to influence the lawmakers in Washington to change the laws that allow people like Henry Kravis to buy operating companies with borrowed money and gut them mercilessly. At the same time I would influence the Washington lawmakers to put this prick and others like him behind bars for the rest of their natural lives.
Then I would donate another large share of the proceeds into shareholder accounts for those people that lost their careers due to the greed of this one man.
But in the real world none of this will ever happen. We already live in a corporatocracy bordering on fascism and the only real way for Americans to gain this nation back is by becoming involved in the daily deals our politicians make and by voting the nastier of them out of office.
My one-day experience at a Kravis property would avoid short-term reactions to the situation. Instead, I would gather many (very many) corporate and political power-brokers for an open discussion as to how the nation might return the tax code to what should be -- a means to one end, the fair collection of revenue. The tax code/tax system should not be seen as a solution to social or political issues and should, above all, be equitable.
All of this discussion should be recorded and shared with media and the population -- as should the explanations from those who choose not to attend. There is nothing more valuable than getting information to everyone. If the electorate drops the ball and forces no corrections, so be it. If needed change is made, we won't have Henry Kravis to kick around any more.
This country was built by the blood and sweat of suckers who were saved by con-men like Kravis.
Without men like Kravis happy African men, women and children would have stayed in Africa.
They would have missed out on their chance of the American dream with free room and board in the deep south.
Without men like Kravis Native American people would have continued to mismangage their land.
Thank goodness there's always been men like Kravis to save us.
I think Jesus said it best, "forgive them for they know not what they do." Yes!!!
Kravis is more than a money grabbing scum bag he's a savior, a great guy, a great American, and a true hero.
If I could only have it for one day, though, I would throw a party. Not just any party--my long term dream is to establish a commune for artists, and my idea for this party would be a sort of "Burning Man" type party--a temporary gathering of artists. Visual artists and Performance artists/companies of all kinds could apply to the project, with their idea for a one-day piece that would incorporate the theme of greed and how to rectify it in our capitalist society. People who could perform with regards to the environment would get preference. After the artists had been chosen and the agenda set for the day, we could invite guests--basically, anyone who could come and would want to can, and pay a donation if they want, the proceeds of which would go to selected charities. We could also video tape the day, and sell it online with the pay what you want method that certain recording artists have recently been employing; these proceeds would also go to charity.
For the food and refreshments provided during the day, i stipulate that they be bought only locally and organically, and vegetarian. We could bring in members of NYC's Just Food to educate guests on how to prepare thrifty, healthy meals for themselves. Actually, this would also have to be an eco-minded event, and we could reward people for using public transportation or alternative energy to get to the site, and have environmental organizations present for educational purposes. I think there would be enough room on the property to accomodate all this. At the end of the day, we would clean up, return everything to its original place, and recycle, reuse, or compost any waste.
The great divide between the super haves and the those who have a little compared to them?
This is the least ground breaking pathetic youtube tripe you see everyday... go do something more creative then tell us how much a public school teacher makes compared to Henry Kravis...
Or, I would do to his house what he has always done to companies. Oh that's right, it's the same thing.
Hooray for capitalism!!!
Yes, quite obviously I do not understand the difference between socialism and communism - you should perhaps go back and re-read the comments.
I never said that socialism was dead - merely that the outcome of socialism and what it grew into is quite well known. Pseudo-socialist states (e.g. certain Scandinavian economies) provide welfare through very high taxes, but they work well only because they are homogeneous societies and do not care much for free enterprise as we know it. A study on how many startups and new technologies come out from the US versus those countries, perhaps?
Secondly, even those countries that had mixed economies eventually gravitate towards capitalism (e.g. India) simply because it *works*.
Thirdly, nice ad hominem attack there, btw. You hardly know me, and yet there you are, stereotyping me and being judgmental.
There is *nothing* stopping you from coming up with your idea, starting a company and making millions. I have a lot of friends that did so and continue to do so. Genius and hard work stands out, to this day, anywhere in the world.
Get this. Nobody needs to do anything for you. It is not their duty nor their obligation. To quote a character from a Neal Stephenson book, "I have found that if you work hard, educate yourself and keep your wits about you, you can find your way in this society."
Perhaps you should take that to heart and spend more time doing something productive and less time belittling others for not helping you.
Well, amigo, you are the point. even though you are intellectually aware of the problem, you are unwilling (or too scared) to do anything about it. I think what Greenwald's point is to tell people that if something isn't done about greed, and soon, this whole planet will implode both socially and economically. Greed is not original. It's been around since the first farmer planted a seed and conned someone else to do the drudge work of caring for the plant while the farmer diddled the worker's wife. Egality has beengoing down-hill ever since.
I would:
Advertise a week ahead. Have a firesale. Use half of the proceeds to hire the best lawyers in the U.S. They put together the lawsuits and laws that would reverse the damage the courts did when they granted the rights of an individual to corporations. They failed to place effective legal limits on the kind of damage that corporations can cause by virtue of their collosal size and power. Their right to make profit must be limited by the rights of those affected. This is similar to the limitation on free speech: no yelling 'fire' in a crowded theatre. The 'our only responsibility is to our shareholders' notion has to be knocked down. Damage awards must always exceed the monetary advantage gained by ignoring the damage to citizens of the country.
The other half of the proceeds should be used to publicize the issues to voters in alternative media.
T.W.L.
I would use some of the money to buy as many copies as I could of Aaron Russo's "America From Freedom To Fascism" to give out to people to help spread truth about the Federal Reserve and the IRS, to wake people up. I might even rent a few theaters so we could show free screenings of the film until it was seen by enough people to start the necessary buzz across America it surely will create.
I would keep a little of the money to help our family so we could successfully launch the 3 businesses we have been working very hard to create so we could breathe again. I had a mom and pop business doing criminal background checks for employment screening. It was very successful for 10 of the 12 years I ran it. Neo-con greed and corruption put me out of business. I was unwilling to cross the line and follow in corrupt competitors footsteps. In defense of our corrupt competitors, they were only doing what became the required modus operandi to stay in business. Large Corporations like Choice Point drove the prices and the turn around time for getting the work completed. A small mom and pop research company had 2 choices, become corrupt, commit theft and fraud everyday to get the job done as quickly and cheaply as possible or close their doors. I chose the latter because I want to be able to look in the mirror at night. I also wanted to be telling the truth myself when I told our son it's important to be honest. Pretending to do a "real" criminal background check in order to keep my job was not an option for me. I was unwilling to place potential employees or any unsuspecting person in harms way. Corrupt background checks caused a patient at Brotman Medical Center in Santa Monica California to be raped by someone who was hired based on a corrupt background check. As it has become clear, the corruption in the criminal background check industry was just the tip of the iceberg.
When lust for power and greed replace honor, truth,integrity, compassion and a healthy respect for the sanctity of human life, things have nowhere to go but downhill.
When madmen filled with hate decide they are going to rule instead of govern, when madmen decide they are better than everyone else and allow greedy corporations to become partners in crime with government, things can only go downhill until the masses rise up and say enough is enough. This particular group of madmen have already put into action their plan to create the New World Order/One World Government. The first phase was creating the EU in 1954 secretly. One the citizens found out, it was a done deal and too late to do anything about it. The 2nd phase for these madmen is to create the North American Union, (NAU), dump the dollar in favor of the Amero. This is why they have been doing nothing at all about illegal immigration. From their prospective, the US, Canada and Mexico are designated to become one country with the complete loss of the US constitution. The plans have all been put into place in secret, however, some very brave souls who are also journalists did their homework and have been exposing this truth. The question is, has it been exposed soon enough to stop it dead in it's tracks. Time will tell. If anyone thinks the greed, the falling dollar, the real estate bubble being popped essentially at the same time is merely coincidence, think again. The truth is, the greed is merely the TIP OF THE ICEBERG!!!
It could only be described by the accumulation of all the good works and words.
A message that needs to be said over and over.
GOD did not make us all equal. Some brighter some stronger. But he gave us all equal ability to be honest.
To describe such accumulation of wealth shown in this movie as being earned or justified.
Is delusional. Dishonest.
That all.
You hate the tax laws, fix them. Elect someone who actually has a brain into office and get rid of the man that is making money off of defense contracts. If you hate having low paying jobs, go to school. It's not like you have to be a rocket scientist to figure out that teaching school pays almost nothing! It is the same with firefighting and police work.
It's not like you didn't know how much money was in your bank account when you had those kids. (It's called Birth Control and family planning)
Mr. Kravis, you rock! You take struggling companies and fix them so that fewer people lose their jobs. You boost our failing economy and I salute you. To hell with the other idiots here.
The proceeds of the sale would be dedicated to establishing a PAC that would turn the powers that allow this kind of fraud on it's ears.
As I intend to win this contest, I hope that educated, intelligent, and progressive people will join me.
Thanks to all!
This is a very misleading film. Here are some inaccuracies in the film:
1 - Henry Kravis is a major contributor to charities and has funded many educational institutions.
2 - He pays taxes on gain of sale of stock at the same rate as everybody else -- it's called capital gains. This money has already been taxed at the corporate level by generally 35%, so he is being double taxed on his money and paying more in percentage terms than the worker. This "opportunity" is available to every American who owns stock in a corporation.
3 - He does not deduct the debt of the company from his taxes -- only the interest on that debt, from the company's taxes. This opportunity is available to every American homeowner or business owner, and even Americans who finance their education with debt.
4 - He purchases mismanaged companies from their owners and offers them a price that is more than the current value (usually a premium on the stock price). At that point, as the owner, he is effectively paying for the salaries of every employee at that company (and paying half of their taxes, through the company's payroll tax).
Is there a proposal here? Does the author suggest that we stop the buying and selling of companies. That we stop the current owners of companies and assets, such as homes and stock, from accepting offers that would make them a profit as well. That we stop Henry Kravis for making money for everybody he deals with -- his partners, his employees, the people he buys assets from, the people he sells assets to, the banks he borrows money from --- that we protect these people from their own choices? How would we do such a thing as a society? Is this a proposal about the tax code? I am sure that Mr. Kravis, and all in private equity, would love for us to have an equitable tax structure where we eliminate the double-taxation of corporate income and other inequities.
This is poorly researched and poorly informed muck-raking. I sense the influence of labor unions...
Anyway, if I had this kind of money, I would merely pay of my enormous propane bill in just one month.
bedroom home and give the rest to chairity
I mean, its big enough. Its even probably bigger than Vatican City.
It would represent everything that America is not.
The difference between Henry K's good works and the suggestions made here is that Henry's are real and help real people and help America.
It is frightening how many people leap to an anti-Henry K zealotry withut knowing anything real about him. How about I make a movie of your home or your car or your fancy TV and then compare your life to the homeless shcizophrenic lady who wanders nerby streets. After all, her mental illness must be the result of your hording all that wealth: a tV 2 radios, heat at night, etc. Then, let's give out your address and have thousands of people hate you and write vile nasty things about you. Of course, when I write my story and I leave out the fact you have feed 25 homeless people this year alone. But what the hey, what does it matter if I never tell the truth about you as long as I can get people to hate you.
I would ask him where is his sense of honor, duty and integrity? He is acting like a greedy child in a candy store, and eating everything in sight.
Then I would make him face the consequences of his actions by holding a dinner party with every employee that he has economically affected. I would make him listen to them and explain why he destroyed their lives.
The last thing I would do is ask him to take six months off and spend it working a minimum wage jobs, eating in soup kitchen, sleeping in homeless shelters, and anything that will humble him.
Would I want to stay in one of his mansions for one day? The answer is NO. It is not where you live, it is how you live. Infact, I would not even like to be Kravis for one day.
And Mrs MTLN, you did not waste any of your time watching this video, you just wasted too much time whining about hard working folks who pay taxes.
Our government, that has been bought and paid for by corporate interests, needs to be bought and paid for by the people. Corporations spend millions on lobbying only because it is an incredibly good investment, with wildly high returns. In order to get those incredible returns, the voters must pay for candidates' election campaigns, so that the candidates elected are beholden only to the voters. This is not a pipe dream; it's working in Arizona and Maine. It is called "Clean Money Elections" in some places, or "Voter Owned Elections" in others. It is public financing of election campaigns, and it is the reform that makes all other reforms possible.
But it's not prank on dark hearted Americans. Henry is a real man so we know the movie is in fact character assassination. We don't have to look to pre WW II Germany to understand the rise of Hilter nad the genocide of millions of Jews and others. All we have to do is look at Americans in 2007 and see how readily they would kill a fellow man based upon lies.
1. Just how much wealth does one person really need?
2. What would anyone need to do with a billion dollars that they couldn't just as easily do with a hundred million?
Anyway, that's what I'd do if I had the opportunity.
The biggest thing, though, is to put up lists of the filthy rich, and campaign to have all news outlets, when covering any of these folks, to "bring the story down to human level."
Here's what I got to say on NPR:
I'll bet that all it would take to reduce CEO pay is for the news media to report something like this in EVERY story using the CEO's name, even in a minor photo caption.
For example:
AP Photo
"Jim Jones (left), the CEO of ABC Inc., accepts the men's singles tennis trophy at Greenƒleeves Country Club from club president Stephen Potter. Jones's complete compensation package comes to $1.3 a year, including two Starstream jets, eight houses (one for each season but allowing a choice for each season), and 35 cars. His personal staff is 1,850, of whom 655 are in the US, most of them illegal aliens.
And, in an exercise of appropriately fitting wretched excess, the media might even go further, like this:
"In the four minutes it took to pose for this photo, Jones made $165,000. In that same four minutes, the average worker at ABC Corp. pulled down $0.53 (53 cents), which is 311,000 times LESS than Jones got."
Just a thought, FWIW.
Another wing would host galleries . . . a Guggenheim of sorts. Peggy was buddies with a bunch of fantastically talented artists and she'd hang their stuff in her house(s). I'd reach out to starving artists that are having a tough go of it and offer one day of free gallery space. I'm thinking paintings, sculpture, performance pieces, comic book illustrations, whateva! If it was created by a fiery soul with love and a bent toward changing the world, I want it in the gallery. The more, the merrier! Let's have so much art that you can barely move through the exhibits without bumping into more art.
Then, of course, there's the screening wing. Brave New Films along with other notable truth-infused documentaries, independent films, even some tasteful Hollywood fare will play for the twenty-four hour allotment. We'll need several rooms for this . . . multiple screens . . . a virtual cineplex. Good fictional works will play, too. Let's see Fight Club, V for Vendetta, Henry Rollins Live at Luna Park, Syriana, The Matrix, The Big Lebowski, et cetera, et cetera, et cetera (I had to go to the DVD collection for inspiration).
Okay, we've got education, art and cinema. I suppose stage theatre would be covered under the art umbrella, but it should be mentioned.
Next, let's roll over to the laboratory wing. Let's invite scientists from all disciplines to do whatever the hell they want. Maybe we need to subdivide into distinct labs. I'm thinking what will work better is put everybody in one lab to solve some world problems together. Who knows? Maybe we cure cancer in that day. Maybe we solve the problem of dwindling fossil fuels. Maybe we find a reliable way for Suzy Q. Homemaker to detect the presence of chemical and biological threats in her food supply so we don't have to spend so much money on bombs to eliminate threats. Maybe we create cold fusion. You put enough talent in one place and God knows what can happen.
Okay, so roll over to the polical think tank. Let's develop strategy for the next election. Let's produce some workable talking points on how we'd like to change the world for the better. Let's invite local, state, national, whatever level policymakers to be part of the plan. Let's invite activists from around the country to be part of the plan. How many people can you fit into one of these mansions, anyway?
We'll need an IT center. After all, the information generated in all of these pods will need to be collected, organized and disseminated somehow for the world to see. It'd be nice if the IT folks can get all this information to all the high school principals and college deans in the nation (I'm kinda into youth outreach).
With all this frantic activity, somebody is bound to get stressed. We'll need to convert part of the facility into a counseling center/day spa. Go get yourself a session with one of our resident counselors, or spend 20 minutes in the sauna, or swim a few laps to unwind.
Crikey! I've left out the music/sound explosion. We'll need to have the whole place wired for sound . . . both playing and recording. I'm picturing a Ken Kesey and the Merry Pranksters-esque system of recording, sampling, looping, rerecording, broadcsting sound to and from any part of the complex. For that matter, add video to the mix. Anyone can tune in or tune out of the collective symphony (or even little bits of the symphony) from any point in the complex. People will be producing original music, dialog, rhythms, hues, what have you and, of course, it will all be routed to IT to do disseminate to the larger public audience.
Let's face it. With all this free energy floating about, people will need places for sex. Let's put some rooms aside for that. 'Nuff said.
We'll need a place for games . . . all kinds of games. Let's put a disc golf course in the backyard. We'll convert some open spaces for hackey sack. I'm sure there are already some tennis courts in place, possibly a golf course. We need to have space for physical activity (other than the sex rooms).
There's gotta be a mess hall. I'm thinking chefs from all corners of the world to prepare the most delicious day-long feast you could possibly ask for. Whether you're into soul food, Chinese, Indian, burgers & fries, Italian, whateva . . . you can get what you want and it will be the tastiest morsels you have ever shoveled down your gullet. Mmmmmmm . . . smorgasbord . . . melting pot. Deeeeeelish.
What else? We've covered the arts, humanities, physical sciences, political sciences, natural sciences, political sciences . . . Aaaahh! Economics! Let's dedicate a wing to bringing small, mom & pop businesses together to share strategies that work and those that don't. Curt at the Keweenaw Coop I'm sure would be in on this. Good stuff.
Then there's religion . . . how to embrace religion in this goofy network of doodads and googaws? That's just it . . . embrace it. Give it a big hug. You say, "I may not believe in your god, but I love the golden rule." We have a wing dedicated to this sort of discussion groups. I was raised a Baptist, trained as a scientist, and live as an alchemist, blending the many into one. I recommend bringing in Brother Guy Consolmagno . . . he's a Jesuit astronomer . . . came to Tech to deliver some fantastic words about how scientists and engineers make sense of religion. He's a good man, and thorough. You will receive no bill.
Okay, those are my thoughts. I'd love to appear in a Brave New Film, but ultimately, this isn't about me . . . it's about the kids. I'm doing everything I do for those kids in Burton, MI that may or may not have fathers, that may or may not be able to afford a college education, that may or may not have health care, that may or may not be able to vote in the 2008 election.
Thank you for the opportunity to speak my mind.
Jeremy
1st I'd like to know him.
But 2 1/2 billion people on this planet make do on two dollars a day or less, while characters like Kravis knock down almost $50,000 an hour. Such systems, historically, always prove at length to be completely untenable. And then they fall under the weight of their own corruption and stupidity.
Making money in itself is not a bad thing, what is at question here is HOW you EARN it. It seems obvious to me that people like Henry do not EARN money at all, they "invest" money and then reap the interest. Of course, it's not usually their money that gets invested. They borrow money, and buy things that are valuable, like successful companies, and sell off the parts for more than what they borrowed. The employees loose, the customers loose, but Henry gets the difference.
Yet, with Henry there is the added problem, that he doesn't just accumulate interest, he actively leverages influence to buy and sell entire companies, hell entire industries, apparently sacrificing the living standards of the workers in those companies to maximize his profit return. He is reaping the profit from the value of the labor of people who earn it, yet he provides nothing of value in return.
If Henry did something like invent a cure for cancer, or write software that changed the world for the better, or even ended a war, or something equivalent, then one could make the valid argument that he actually EARNED his $450 Million Dollar personal income. You might argue that people like Henry provide more value than they take from their investments, that they act like vultures, cleaning up the dead bodies of industry, but they do not. Usually, what they do is use their financial influence to 'modify' the rules, buy governments, and change the law to allow themselves more freedom, and avoid any responsibilities, they need to gut businesses and reap reward.
Unfortunately, we can not blame the rich. The fact is that we let them do this, that we are culpable, because we accept the low salaries, and work for people like Henry. We allow our governments to become influenced and corrupted by big money. We fight wars that profit these parasites and cannibals.
So, do not blame Henry for the things he does. It is we who allow him to do them. Look in the mirror, and know that you are responsible for your choices to give away your life, you labor, your government, you nation, the laws, the justice system, everything that makes American's free has been sold to people like Henry. And it is YOUR fault.
Perhaps like Bill Gates and others, Henry will eventually realize that he exists in a society, and that any meaning his life has comes from his relationships to other beings, then give his wealth away to humanity (instead of his 'children'). Yea, right. Some will argue that my statement sounds like Marxism or Socialism, but that is not what I'm advocating. Communist theories are based upon ideas of community, and the American ideal is the individual, not the collective. I just want to limit the inequalities caused by money.
1) Let's just take Money out of Politics. - No corporation should be allowed to make ANY contributions to any campaign. Companies are not PEOPLE, Companies do not have rights. PEOPLE have the Right to VOTE, not corporations. Corporations are legal entities that allow PEOPLE to avoid accountability (liability), they influence the laws that regulate them, and we need to end it. Campaign finance laws limit individual contributions to $2300 per campaign, but corporations are allowed to form not-for-profit PACs and then use unlimited funds to advertise, and attack their opposition with propaganda. We should eliminate that, no corporation should be allowed to buy our government.
2) End Inheritance - the rich call it the DEATH TAX, and it used to take the wealth of the super rich and redistribute it upon their demise. Just Fifty Percent of the wealth would be TAXED and taken by our Federal Government. the rest would be left to the children or the beneficiary of their will. Not the wealthy can pass on all of their money to their kids. We should end this. RETURN the tax on INHERITANCE to at least 50%! The rich will continue to find loop-holes to hide their wealth, transfer it overseas, and escape loosing control of their accumulated wealth, as they always have, but we need to set the standard. This is not a country of KINGS.
3) Eliminate foreign ownership of companies that do business in America. - This is the dirty secret behind our corporations, most of the people who own them, and own the largest percentages of their stock, don't pay taxes, because they are not living in the USA, they are not citizens, or hold dual citizenship. They transfer wealth overseas, where they can protect it from IRS scrutiny. Just ask HALIBURTIN why they moved their Headquarters to DUBI?
Henry is just an example of a rich sociopath. The solutions are simple, but the majority of US Citizens would rather be bough off by the owners of these rich compainies, than earn their own way in life. The fact is that most of the people can not support themselves, they lack the ability to survive on their own. So, with everyone owning a vote, they have something valuable to trade for their survival, and the system is set up to pay. With a two party system, the rich only need to buy 1% of the vote to sway any election, and so increase their influence. With real elections, multiple parties, and accountability, we might someday begin to take back control. But with corporations paying various lobbying groups, and financing political action committees, we can't see the forest for the trees.
The people in this video who complain about Henry's wealth, are responsible for their own unjust circumstances. They are sheep, led easily to shear and slaughter. People who live off the labor of others are afraid to shun the powers that control them, the wouldn't know how to live without being controlled.
It isn't.
Happiness is gained through overcoming fear, suffering and insecurity and building compassion for oneself and others.
For a person to cause the suffering of others and amass wealth for himself is an extreme fear - that of not having, perhaps of not being enough. For a person to ignore the suffering of those who live in abject poverty in many parts of the world, not getting enough medicine, food and/or shelter whilst amassing more than he/she needs to actually live, is very sad. Spoiled habits, fear habits, insecurity.
I have what I need. About 8 years ago, I gave away or sold most of my furniture and moved from a 4 bedroom house to a one bedroom flat in another country. I learned through this experience that I was taught wrong. I don't NEED material wealth to show for my life's work. I don't need insurance, I don't need trinkets, whatnots and new things. I live with second hand furniture in a one bedroom flat back here in the US now, and I am happy. I do my best to make a living helping to allieve the suffering of others, and I am an activist for human dignity and rights and the environment in my spare time.
I don't envy the lives of such as Henry Kravis. He has many habits to conquer, and his happiness is dependency.
cheers.
Maybe, even on NBC nightly news! That's what I'd do.
This is as much an indictment of a system that is predatory and abusive and it is about a man who chooses to capitalize on what may be legal but is nonetheless immoral. The price payed for such obscene exploitation is done by those whose lives lay dismantled in the wake of such financial juggernauts. I don't doubt that Henry person-to-person is a great guy. But it is a strange schism that allows a sometime amiable person to slash and burn faceless victims because thats the way the game is played.
Ill call it the how to be a millionare in 24 hours course, then give them each a $100 000 to get started.
Our society is too greedy, we have made money our god because the system encourages it.
Its all about I want want want. Not saying one cant be rich but some people like Kravis take it too far.
I would like Kraviz to give scholarships to bright young students who have been accepted to universities but cannot afford it.
It boggles the mind at people's stupidity. A multi-muli-millonaire Republican stirs up hatred against consumer lawyers for protecting the public and the idiots destroy the best consumer protection statute in the entire nation.
> 1. Just how much wealth does one person
> really need?
It is never enough, because money is just a tool. And the more you have, the better you are equipped to do what you want.
> 2. What would anyone need to do with a
> billion dollars that they couldn't just
> as easily do with a hundred million?
Things that catch your fancy? See, to me, there is no greater calling than making space travel a reality. It costs millions to get a half-decent telescope lens. And a simple suborbital space-flight cost about 100 million dollars. So, no, 100 million isn't really all that much.
With a billion dollars, I could do ten times as much as I could with one hundred million.
Now, insert your favorite dream - and chances are that you will that the amount does make a difference.
Also agree with David Howle's comments about addressing the flaws, particularly the Tax Law problems that allow more favorable treatment for 'investment' using borrowed money.
There you go!
Mr Greenwald, I hope you will let me be in your next documentary so I can show the world that the greatest wealth of all is the wealth of knowledge and spirit. Poor communities let you know that there definitely are things that money never can buy. No one ever gets true happiness from wealth and power. That's why there are many more people now with mental health problems than 50 years ago.
This would not only utilize the home, it would also annoy the living shit out of his pompous, bloated neighbors.
I'd be sure to pass out fliers at least two weeks beforehand, and also have busses at the ready, to bring in all the homeless we can find. From the neighboring states, if necessary.
Turn them into museums where visitors can learn about how the rich get richer, how the rich avoid paying taxes, how power corrupts and ultimate power corrupts ultimately, how the gap between rich and poor is growing, why the media doesn't focus on the excesses of the super rich, how the media is controlled by the super rich. People need to learn why the media focuses on poor people as the problems rather looking at the root cause of poverty in the U.S. and the rest of the world. The tour of the mansions would be an 'educational' tour so that the 'web' of how the super rich get there and stay there can be revealed through video presentations; confessions of the 'recovering' rich who can give personal testimonies of how the 'web' works internationally (through alliance of the elites) would be great.
There could be a think tank at these mansions to strategize on how to make the world a 'just and peaceful' place for all creatures on Planet Earth.
The only thing all these mindless cows show is why H.K. and lots of other Americans are millionaire and billionaires and they're not.
Yes, there's corruption, but it isn't H.K.'s fault. The moaning cows are the ones who voted for Congress and then give them a 11% approval rating. If these mindless dweebs don't like the laws that allowed H.K. to make a few bucks, then it's their own fault for voting for the Ronnies, the Bushies, and the Pelosies.
Once recovered, I would allow patients to continue to live there until they obtained housing and work but ask that they pitch in and help run the facility.
Once recovered, I would allow patients to continue to live there until they obtained housing and work but ask that they pitch in and help run the facility.
your sis,
kristen
p.s. fuck greed. greed makes me sick, literally
There should be a more equal system that allows regular working people the right to live well for the money that they earn without being taxed more than some ultra extravagant and abusive multi billionaire who thinks he needs 5 lavish mansions.
This is what my company is about -- it is a farce -- THE WANT SOCIETY! You can only join if you're a greedy bastard, but little do you know, if you join, you are admitting what you are and will be completely made fun of...
This has to stop!!
Every Day is King Day
2 0 0 8
Campaign For Global Justice
Walking with King through the 21st Century
Today Earth’s status as the true superpower challenges its human family to reflect: What is diversity? What is defense and national security? What is our vision? Climate change changes our priorities as a small but remarkably caring and good-natured part of Earth’s far larger family of diversity.
A single US policy is all that stands between our division and meaningful salvation as a 50,000 year-old family of global caretakers. A single choice as US citizens and taxpayers can put us in tune with nature and help create a world of productive, lucrative community.
The Every Day is King Day campaign would promote the opportunity to achieve Dr. Martin Luther King’s vision by working to change our official national defense policy from “full-spectrum dominance” to full-spectrum diversity through popular demand.
As Election 2008 nears, climate change makes more obvious the chasm between reality and national campaign priorities. Every Day is King Day would seek to hasten and strategically navigate the collision of outmoded “evil other” politicking with scientifically proven realities: that Earth defines diversity, that all humans descend from the same family 50,000 years ago, and that the bond of our common origin offers the freedom to choose a common destiny as caretakers.
There is no higher honor to Dr. King’s commitment to global justice than the adoption of a defense policy that recognizes and defends our planet’s diversity as its top priority, and serves to unite humans in equal and responsible coexistence subordinate to nature.
Earth-centric defense and diversity is a most lucrative prospect. With the defense industry’s unmatched breadth and technical capabilities, by changing policy to control it we create the world’s largest network for mitigating climate change and begin to cherish true diversity.
Stopping the rise of defense spending is unrealistic in the short term, but when outdated national security priorities threaten the nation, changing how the Department of Defense spends is our duty through popular demand. If we are to continue paying taxes, the government must respond to how we want our money spent. If we really love our country and our planet, we’ll make them better every day.
At a time when the word “race” should refer to climate change and the human race against time, America’s leaders still bow to a dangerously racist defense policy mindset. As brothers and sisters, our generation needs a simple yet comprehensive solution to the core American problem. Still sinking with a million buckets bailing water, we’re ready to fix the hole in the boat.
To transcend all differences and bridge our past and future in dignified harmony is the very definition of evolution. Whether for the sake of Mother Nature, God’s Creation, or a concerted drive for survival, this is an opportunity to triumph at last. Together we will embrace Dr. King’s spirit, aspire to his level of commitment, and lead the way to global justice.
Facts we should know include:
When President Dwight Eisenhower gave his prophetic January 1961 farewell speech warning of the growth of “unwarranted influence” on universities and government by the defense industry, few universities had Department of Defense contracts. As of December 2006, 1,107 universities have DoD contracts, including 161 in 33 other countries.
Statistics show a 900% increase in DoD defense-applied research funding to schools since 2000.
The US defense industry is the top job creator in all 50 states, continually motivating state leaders to approve costly, unnecessary, and/or environmentally unsound programs.
The US defense industry is America’s top industry, spender, and employer. DoD and defense-related programs take an average of 67% of US taxes annually while education takes 0.3%.
The US defense industry includes tens of millions of companies in 198 nations and territories, making it the world’s largest corporate network and potential climate-change mitigating tool of advanced science and technology.
For the last 60 years, an elite bipartisan group using media campaigns have protected America’s defense policy of “full-spectrum dominance.”
The Every Day is King campaign would promote that today’s generation--with the Earth on its side as the true superpower--has the natural advantage in changing to a future-centric defense of full-spectrum diversity.
2008 brings us:
The advent of Earth as the true superpower in the public mindset.
A collision between political ineffectiveness and the real threat of climate change in an election year.
The 40th anniversary of 1968, the last year of united hope in America.
The 40th anniversary of Dr. King’s passing.
The 60th anniversary of the US armaments industry (DoD, CIA; NSA Act of 1947).
The 60th anniversary of “evil-other” propaganda for defense industry profit.
Clear statistics showing DoD trends, thanks to the digital age.
A planet that depends on a sound defense policy.
THAT'S what I would do. And maybe I'll do it anyway and see what happens.
Our Origin As One Leads To Our Future As One
DEMAND DEFENSE DEFEND DIVERSITY
I know a guy that only made $10,000 a year when he was 30.
he is now 52 and makes $120,000 a month.........that is a result of hard work
Certainly not because he wants to help people.
Robert, i have indirectly worked for you before. I produced the piece on the Exxon Valdez Oil Spill. I am on a mission and i would you a mansion to get myself there. Plus i need a dip in a pool. I'd probably sublet my place too to save some money. Damn those greedy bastards. they are not in touch with their sprit.
If you think the country is crooked, then stop voting for crooks -- morons!
Whatever money remained would be used to finance Marxist study groups all over the country. Thanks, Comrade Kravis!
The problem is more philosophical. The power game must be understood and people realize that there are no ethical filthy rich folks. But as long as crowds will continue to admire "successful people" like Paris Hilton and Co, nothing will change.
The feudal pyramid that is our world structure is based on the fear to lose one security and admiration of wealth/materialism. Materialism must be assimilated instead of rejected. This is the best way to transcend it. This is why leftism has dramatically failed. The more we resist the more it persists. It is about time to teach people that natural competition morphs humans into commodities. Greed is a double edged sword in fact. One fights greed with greed.
Remember "The golden calf" in the Bible? Not so surprisingly the wall street bull is in bronze and when wall street prosper, one says that the mood is bullish.
I have written a dramatization explaining the problems with our debt based economies and seeking a producer by the way.
And that's exactly what the privatization parasites like him are doing in Iraq; knock it all down so we can build a corporate utopia.
Without his mansion, energy would be saved. Traffic in the area would be reduced. The construction workers hired to rebuild would probably earn more than any servants do now.
And when he tried to collect on insurance, I'd report it as an "act of god", a punishment for his sins of greed, which is not covered.
As for living in one of his mansions? Pretty simple really, first I would sell everything I could for as much as I could. Then the money earned I would keep just enough to pay off my vehicle, that's it because that is the only debt I have now.
The remainder of the money would be funneled (depending on how much it was) into local public schools, a program to assist single parent families that are struggling and to also feed and provide medical care for hungry and ill children in this country, they United States. You know, the ones you never hear about because it would undermine the illusion of wealth.
Then the last thing I would do is invite the homeless into the home, give them a place to clean up and get a decent night sleep. I thought about burning it, but that would put other people in un-necessary harms way. People around the fire would be subjected to toxic fumes and smoke and of course the brave fire-fighters would be placed in jeopardy as well. So I would just let the homeless move in... after I sold everything I could.
Bottom line, I would once again defend the weak and help the helpless in this nation. I did it for 14 years in the military, and a chance to do something like this would allow me to do it again.
Most people have the American dream. I don't think most of them wish to have millions but to live comfortable. So, I would sell everything in the house as well as the house. To those people who got fired because one of his take overs I would give them money especially if they went to a lower paying job. I would donate to specific organizations but not to the ones that again, then high ranking officials are living in millions dollar homes. I would pay off my bills and save some money for my daughters schooling. I would help the poor, meaning not those who sit back and expect society to carry them by living on welfare instead of getting a job. I would donate to no kill animal sanctions for lost or unwanted animals. I would help military spouces after the word gets back to them that their loved one was killed in action. The military does not help the families very much afterwards.
I would set up a fund to help specific kids who wanted to continue their education but were not financially able.
then convert the large buildings into homeless shelters.
1. Buy a factory in a town ruined by KKR takeover; turn it into a co-op making a couple of basic but widely used products using regionally sourced materials. Pay living wages & benefits & include education benefits & political discussion & investigation on how power works in america as part of the company program.
2. Use the revenues to spin off related ventures in a regional network emphasizing self-sufficiency, ecological soundness, self-help, democratic self-management & solidarity, possibly using local currency, barter or other methods to avoid entanglement in the dominant economy as much as possible.
3. Use the regional network as a power base to spread the same model & wean folks off their economic dependence on the dominant model, & as a springboard for political challenges: candidates, issues, etc.
4. Network with & support like-minded folk.
1. Buy a factory in a town ruined by KKR takeover; turn it into a co-op making a couple of basic but widely used products using regionally sourced materials. Pay living wages & benefits & include education benefits & political discussion & investigation on how power works in america as part of the company program.
2. Use the revenues to spin off related ventures in a regional network emphasizing self-sufficiency, ecological soundness, self-help, democratic self-management & solidarity, possibly using local currency, barter or other methods to avoid entanglement in the dominant economy as much as possible.
3. Use the regional network as a power base to spread the same model & wean folks off their economic dependence on the dominant model, & as a springboard for political challenges: candidates, issues, etc.
4. Network with & support like-minded folk.
I'd have it televised around the world via hidden cameras to catch the true nature of a couple of greed monsters, strange how people act when they think the world isn’t watching.
Then, with the cameras on me, I'd announce that I am running for the US Presidency and spend the rest of my time on Earth writing and supporting legislation; working to protect hard working Americans, and the rest of the world from the government/corporate coalition greed machine that our current President and Vice President have created.
Once elected, I would have ex-President Bush and ex-Vice President Chenney tried for war crimes. My next step would be to reduce the gap between wage earnings and cost of living by raising the Federal minimum wage to $25/hr and set laws that a 4 bedroom 2 bath house could be sold for no more than 75,000, and cars could sell for a maximum of 10,000 only marketable in the US via fair loan interest rates (& only if they emit water vapor rather than toxic chemicals). Then, the ever expanding gap between rich and poor would narrow because people could again afford their homes and cars, thus eliminating the need for credit cards just to get by/feed the kids (in other words I’d stop corporate enslavement of the working class by bnks offering credit cards). Politicians and corporate executives would be forced to stop padding one another’s pockets because I'd make that illegal; as well as making fossil fuel emissions illegal. All Americans in environmentally destructive industries who lost their jobs due to the new laws would adequtely be compensated until they were trained for new jobs. It would be funded by the private investment money Bush and Chenney had to cough up due to their oil and war profiteering greed brought to light in their war crimes trials. Things would at least start to become a little more equal between the rich and the poor. Senators, Congressmen, and members of the House of Representatives would no longer be able to fund their 100% high 3 year pensions from the Social Security Fund; to which they never contribute a dime – thus stealing from the American working class and ruining their chance for 40% fo their high 3 wage earning years of Social Security.
Then, the Veterans would all come home from Iraq, I'd stop trying to make something out of nothing in Iran and start focusing on how to rebuild trust and fairness based on my healthy fear of the Lord God Almighty - after all this place started out as one nation under God and I believe through massive prayer, repentance and baptism by immersion (thus receiving God's Holy Spirit) - it would be one nation under God again. God's mercy would flow and it would show the power of the one and only true living God, His living son, Jesus Christ and His Holy Spirit. Finally, I’d implement my plan for government funded insurance for home, car, boat, disability, health – everything working class men and women need to insure. Greedy private insurance companies who love to collect, but hate to pay out would be a thing of the past. I’d implement sufficient care for the elderly and the orphans, as well as the single Mom’s and Dad’s and all the disabled. I’d make pharmaceutical companies turn to natural; rather than synthetic drugs and I’d make those drugs available to all citizens. I’d make freeze banking of stem cell rich cord blood a free – government funded service so when the kids of tomorrow get sick, their own stem cells will heal them rather than some pharmaceutical company just getting rich for masking symptoms of disease while actually curing nothing and causing additional disease. Then, God would be glorified, and the US would regain its position of world power because it’s once again a fair nation – fair to its citizens as well as the rest of the world. Love God and Love others – pray – repent – be baptized by immersion– turn from sin to God’s Holy Word. God will fix everything and someone with my values will be elected by the people as President via paper ballots that can be counted, not digital votes that can be manipulated so easily by government intelligence. The Electoral College would be a thing of the past because now we actually have the technology (web – internet – whatever you choose to call it) to count each and every vote. We don’t need some politician in the Electoral College deciding the vote when the people can decide it for themselves thereby averting established political delinquency. The Electoral College was established back in the day, before mass communication, it is now therefore mute and I would abolish it. Then, and only then, American would know the President with the most votes is actually the President in office. Most of all, I would want God to be glorified by His people all returning to Him broken and admitting they need the redeeming blood of His son, Jesus Christ – us all believing Jesus is the son of God, and all of us receiving the gift of the Holy Spirit through God’s gracious gift of baptism by immersion – death to the old selfish life – start of the new life of loving God and loving others - the gift of eteranl life with the Lord. Then we would see the true freedom of religion – when God sets our nation free from the debt of sin. He has already done it through the sacrificial blood of his only son, Jesus. This grace offering is available to everyone and it is God’s will that all would be saved. Let God in to change you, and then tell your family, friends, and neighbors. Before we know it the word would see God's blessings on us for that change, and want to make God their first priority as well thereby putting into massive action God’s plan for His creation.
Can We Legislate Against Greed?
Congressman Martin Sabo's Income Equity Act and America’s Economic Future
Washington, D.C.
July 12, 2005
This statement, by United for a Fair Economy board member Sam Pizzigati, was prepared for the July 12 Capitol Hill news conference that announced the re-introduction of Rep. Martin Sabo's Income Equity Act.
Last November, pollsters asked a broad cross-section of Americans to name our nation’s most urgent moral problem. The resulting first choice? More Americans chose “greed and materialism” than any other cause for moral concern.
None of us, of course, know exactly what Americans have in mind when they say they worry about greed. But we at United for a Fair Economy believe we can make an educated guess.
Over the past decade, we have conducted workshops on our nation’s economy for tens of thousands of Americans from every station in life. We have discussed economic issues with the affluent, the poor, and people at every level in between.
Greed’s poster child, in the eyes of almost all these Americans, has become the contemporary corporate CEO — and for good reason.
Huge numbers of our top executives today are devoting more energy to manufacturing fortunes — for themselves — than to manufacturing quality products. These executives are regularly making decisions that sacrifice long-term enterprise health for short-term gains that benefit, first and foremost, their personal bottom lines.
Top executives are rushing into mergers that leave veteran employees without jobs and consumers with higher prices. They are investing less in research. They are raiding pension funds. And, if all else fails, they are cooking their corporate books.
But here’s the worst part. Our current tax code is actually encouraging this greed and grasping. The more in “incentives” that corporations lavish upon their executives, the more they can deduct off their taxes, one important reason why the corporate share of our nation’s tax burden has dropped by two-thirds over recent decades.
Congressman Martin Sabo’s Income Equity Act would end this subsidy for greed. If enacted, no corporation would be able to claim a tax deduction on any executive compensation that runs over 25 times the pay of a company’s lowest-paid worker.
A generation ago, we had no need for an Income Equity Act.
In 1965, according to an Economic Policy Institute analysis of Wall Street Journal data, CEOs took home 24 times more in pay than average workers. As late as the early 1980s, top executives seldom walked off with over 50 times what average workers earned.
CEOs these days routinely make 300 to 500 times more than their average employees — and sometimes much more.
Let’s give these ratios a human face. In 1975, Reginald Jones, then the CEO at General Electric and widely regarded as the nation’s most talented chief executive, took home $500,000, a sum that equaled 36 times the income of that year’s typical American family.
In 2000, the most widely acclaimed executive in the United States would be Jack Welch, who also happened to be the CEO at General Electric. Jack Welsh took home $144.5 million in 2000, a sum that equaled 3,500 times the income of that year’s typical American family.
Corporate boards and their flacks have engaged in all sorts of verbal gymnastics to justify today’s enormous concentration of wealth at the top of our corporate ladder. Executive windfalls, they assure us whenever share prices rise, represent a fitting reward for outstanding performance. And if share prices fall? We must reward executives handsomely anyway, we are told, or risk losing their talents to some other company.
In other words, “heads” executives win, but “tails” executives win, too.
The rest of us lose. We lose because excessively wide pay gaps within our corporations nurture defective, not effective, enterprises.
Our nation’s most astute management analysts have long understood this reality.
Today’s Information Age, these experts explain, places a premium on customizing products to individual consumer needs — and figuring out how to produce these customized products faster, smarter, and ever more efficiently.
Effective corporations succeed at these tasks by actively involving their employees. Who, after all, better understands what customers want than employees at the front lines, in direct customer contact? And who better to help figure out how to produce more efficiently that workers directly involved in a company’s producing?
Effective enterprises, consequently, value the information — and wisdom — that employees have to offer. They tap this knowledge by actively involving employees in decision making, by working to flatten the corporate hierarchies that inhibit communication and frustrate creativity.
American business faces, in short, an Information Age imperative to create — and nurture — enterprises that involve employees and respect the work they do.
But Corporate America’s reigning compensation practices — by concentrating income and wealth at the corporate summit — have exactly the opposite effect. Why should workers practice cooperation and share their wisdom when the fruits from that cooperation will go, in wildly disproportionate proportions, to those at the top?
What message do workers receive when top executives make more in a morning than workers make in an entire year? If my CEO’s work is worth 300 times — or 500 times — more than my work as an employee, then how much value can there be to my work?
Modern corporations, advises Peter Drucker, the eminent 95-year-old founder of modern management science, ought to compensate top executives at no more than 20 times their worker pay.
Corporate America has ignored this counsel. Our boards of directors, instead, assume that top executives, if offered rewards grand enough, will surely lead their companies to the corporate promised land. They often lead them, in reality, to disaster.
Within Corporate America today, we are witnessing a managerial meltdown of epic proportions. Ten of the largest 15 bankruptcies in U.S. business history, the McKinsey & Company consulting group reports, have taken place since 2001.
Over recent years, at United for a Fair Economy, we have chronicled the ongoing relationship between reckless executive behavior and outsized executive rewards.
In 2002, our annual Executive Excess study, co-published with the Institute for Policy Studies, found that the CEOs of companies under investigation for shady accounting practices had the previous year earned 70 percent more than average CEOs.
In 2003, we documented that the biggest paychecks in Corporate America are going to CEOs at the companies that have downsized the most workers, shorted pension funds the most dollars, and exploited loopholes to avoid the most taxes.
In 2004, our research revealed that executives at the companies that did the most outsourcing of jobs the year before saw their personal compensation increase by over five times as much as the year’s overall executive pay average increase.
All of this should have been predictable. If we lay before our executives grotesquely huge incentives as rewards, we should not be surprised when executives, to win these rewards, behave grotesquely.
As corporate sage Warren Buffett has famously suggested, our willingness as a nation to curb excessive CEO pay may just be “the acid test of corporate reform.”
We are flunking this test.
In 2004, according to CEO pay scorecards released this spring, top executive pay rose at least five times faster than average worker pay.
And this latest increase came on top of an enormous executive pay grab over the previous decade. From 1993 through 2003, Harvard Law’s Lucian Bebchuk and the Cornell business school’s Yaniv Grinstein recently reported, the top five executives at publicly traded companies in the United States more than doubled their share of corporate earnings.
This continuing executive pay grab has helped fuel in the United States, over the last quarter-century, the most colossal redistribution of income and wealth in modern world history, a redistribution from average-income families to our nation’s economic elite.
Congressman Martin Sabo’s Income Equity Act won’t undo this redistribution. But this legislation would, if enacted, set us solidly in the right direction.
Sam Pizzigati serves on the United for a Fair Economy board of directors. His op eds articles on inequality have appeared in the New York Times, the Baltimore Sun, and a host of other publications. Pizzigati currently edits Too Much, an online weekly on income and wealth distribution. His latest book is Greed and Good: Understanding and Overcoming the Inequality That Limits Our Lives (Apex Press, 2004).
Petetion
Gas prices are off the charts and this could be the most expensive winter for home heating to date. While we're feeling the pinch of a full blown energy crisis, ExxonMobil is reporting the largest quarterly profits —$9.9 billion—of any American corporation in history. The only answer to the current crisis is investing in a clean energy future and ExxonMobil is the biggest and most powerful obstacle in our way. They spend their record profits fighting virtually all meaningful efforts towards ending our dependence on oil and bankrolling top Republicans to ensure that meaningful progress towards energy independence will always be killed in Congress.
Will you help me expose their dirty deeds by signing this petition?
http://political.moveon.org/exxon
Thanks!
1. We understand the subject matter quite well thank you.
2. It's got nothing to do with jealousy; it's got everything to do with fairness and equality and seeking to have a country where the working class are not abused by greedy businesspersons.
This video is even more biased than Michael Moore's movies. As if an 8 year old knows who Henry Kravis is. And I am sure that these folks immediately distinguished the idea of paying less in taxes from a lower percentage of taxes on their own.
Finally, where is all the color on the amount of charitable giving Kravis et al have done? The jobs they have created (besides the folks working at the houses)? The lower prices of product because of business efficiencies?
I love when movies like this try to rally the people who don't know better and provide a scapegoat. Didn't that happen in Venezuela? Iran? Germany?
As far as his mansion is concerned, he would be relegated to one room only with a bodyguard to transport him to the kitchen and bathroom, twice a day. The rest of the mansion would become a tourist attraction called "Gollum's Grotto of Greed" for one month. Afterwards, all accroutements besides one desk and some kitchen utensils would be doled out to his every member of every company he's ever owned. If there's anything left of value, it would be donated to the ONE foundation to offset severe poverty.
noticed: ROME IS BURNING The goal of wealth
and power as end in itself is according to
none other than Andrew Carnegie is the worst form
of idolitry there is. What we have in this generation is a form of capitalism that THRIVES BY DIMINISHING THE LIVES OF OTHERS. Ask
yourself what kind of society does this render?
Just read the papers. I know your argument and used to believe it until I saw real greed first hand in corporate America first and, so save our platitudes for some poor soul who doesn't know any better. You're blind.
Unfortunately, I am Ex-military Intelligence as a tactical telecommunications com-center operator and not too many people outside of that profession would know how to do that correctly.
When are we going to stand up to such a bunch of liars and cheaters, It is way past time for a change in America. Our Nation has never been in such a downtrodden position. I would like to just go through the houses of Henry Kravis and like a whirl wind just change it all for him. We all know where the love of money can get you. It is such a disgrace what the Bush/Cheney has done to our Country.
Ironically, if most people were as clever as Kravis in terms of his financial 'know-how' and education, wealth accumulation of this scale would be more difficult simply because of the amount of competition.
The reality is that the Elite have no competition, because they keep us cleverly distracted (and satisfied) through the education system they control, the publishing/media empires they own
and the governments they influence.
So....how to change all that?
EDUCATE!!!
I would create a " Minds in Residence " conference with the greatest speakers, educators, and thinkers of our time.
Noam Chomsky, Al Gore OR who-ever else YOU think is talking sense.
I would create a beacon for the disenfranchised by setting up a base(free lodging and meals for all) for people of all walks of life to come and listen to what needs to be said and think about what needs to be done.
The fact is that most of us are too busy, trapped in the work/debt cycle to take that kind of time off.
You're only an activist if you care enough to actually DO SOMETHING!
Fighting is BAD.
WAR is BAD. And sinful. And criminal!!!.
Thus: the nomen:
"warongreed"
implies yet another stupid WAR.
Do you not SEE it???!!!
I will not "fight" your "war-on-greed".
It would have been much better if you had called your website:
nomoregreed.org
and had asked people to PARTICIPATE in
NO MORE GREED.
Everything is (already) called a WAR.
"War on drugs".
"War on cancer".
"War on "the-heavens-know-what-else".
There are also "real" WARS, as in people letting themselves being sent out to yet another country in the world, where they can "fight" the citizens of that country; this because the "government" has, or the "government" 's puppetmasters have, decided that yet another "enemy" needs to be destroyed.
Therefore, again:
you nomen is totally absurd.
MAKE LOVE.
NOT WAR.
In other words:
LOVE mr Henry Kravis.
Yes, maybe his greed is not nice, and perhaps even despiccable; however: he has done nothing against us (us being: "we, the people".
And get this: in the (not to be hoped) event that anyone is going to burglarize, or raid, mr Kravis' properties, then these persons are throwing themselves to the lowest levels of humankind.
And are then, in essence, worse in mind and deed than mr Kravis is, or can be.
Yes: greed is not good.
But WAR, of whichever kind, is BAD.
LOVE YOUR ENEMIES,
and they will become your friends.
Let mr Kravis be.
Let everybody else be.
Live your own life.
Shine your own light.
Live without words like "war" and "fight".
PEACE. LOVE. LIGHT.
Ruth Benderall
whitepatches@verizon.net
However, not everyone shares the beliefs held by the middle class citizens interviewed herein. The subject of this film does not seem to believe that supporting the system is necessary, that caring for all creatures is particularly important, or that with power comes responsibility. As a citizen of the United States, it is not his duty to serve others- after all, the very constitution protects the life, liberty, and property of the individual, not the well-being of the masses. He seems to have skipped over the unit on Andrew Carnegie's 'Gospel of Wealth.' Why should he be concerned about the many, when our system has such high regard for the few?
Mr. Roger Smith makes a valid point- the system, when controlled by the few, makes minds more malleable and receptive to the messages of those few. Education may help a little, but in a single day it will not do much. Even the deviance we already see in our society is rooted in the rejection of traditional means but the wishes for traditional gains. When we stop depending upon public companies and corporations, which are vulnerable to buy-outs and hostile take-overs, only then will we be able to take power from private equity companies. But when we have done that, what next should we do? There are a thousand ways (at least) to abuse the United States economy and tax system.
A single day in one of these homes would be insufficient. Indeed, it is not even the homes or the property which is important. Giving to charities is a temporary fix to the problems they fight; feeding a neighborhood for a day will not teach them to feed themselves. If, instead of dealing hate and judgement on Mr. Kravis, one might convince him of the good that he could do with his material gains, then it would make more of a difference than auctioning mere property or throwing simple parties. With Mr. Kravis, one may hope that his partners would follow, then perhaps his competitors, and the problem may become a benefact.
I would rather spend an uninterrupted day speaking and debating with Mr. Kravis than spend a day on one of his properties.
That said, I see a rather disturbing sense of anger in some of the replies. All of the replies in favor of Mr. Kravis and his methods seem to be wrathful and argumentative, and imply that anyone who dare disapprove is envious and stupid- not so. All of the comments against Mr. Kravis and his methods seem hasty and hateful- not a very useful approach. Peasants are won by gold, and emperors by wisdom.
Iwould also make him sell all of his realestate and donate the proceeds to charaties selected by someone other than Mr Kravis.
I would also make him live in a community of poor people so that he could have the experience of living like a poor person does.
I would also make him go to greed counciling so that he could realize what he has done to so many of those who he has reaked financial havoc on.
I don't mind someone being rich who has worked their way up the ladder but, someone like Mr Kravis is excessively rich and just keeps on walking over less fortunate to maintain his excessive lifestyle has got to go!
It is not Kravis's, or his collegues' fault trying to become rich. If they want to spend their lives using their energy, intelligence and abilities to accumulate Dollars thats up to them ! However the USA should start redistributing incomes first, more humanly and with more justice by starting a totally different and more equitable tax system !!| It is not very difficult but needs the awakening of the American public from its current 'drugged' state. Otherwise America will continue to loose its world influence and power and will become a second rate country full of injustice and having a dated and irrelevant (19th century style ) domestic and foreign policies.
American Citizens WAKE UP AND CHANGE THE CURRENT TAX SYSTEM !!!
If I lived in one of his places for a day, I would throw a huge party with live bands and lots of booze and basically invite everyone for miles around. I'm sure Henry wouldn't mind a few of his rooms being turned into giant moshpits.
This is something I've been thinking about for a few years now. There are certainly a lot of Mr. Kravis' out there, folks who own more than one home. I can be ok with this concept (in and of itself), in so long as these homes aren't sitting empty. Afterall, an unused home is a wasted resource.
My idea for the Kravis' of our world? Use your otherwise empty/unoccupired home(s) to house local homeless men, women and children. Bring in health care professionals (on a volunteer basis) to provide free health care for these people while they stay at your residence. Hire staff or volunteers, or a mix of both, to oversee the operations of such a facility. Enact some sort of a policy that says residents may stay in so long as there is available space. Create a set of guidelines for residents that state the need to respect their fellow tenants, themselves and their surrounding environment. Require that they clean up after themselves and help ensure the home, inside and out, is kept clean and organized. Failure to follow such basic concepts can find themselves being removed from the premises to make way for the next person(s) in need.
Bring in counselors and job coaches to help residents with their healing and work/income needs. Such persons can be asked to volunteer a couple of hours each week.
The residents can contribute by shopping for food and cooking it and by keeping the premises both inside and outside clean. Ideas to provide for food include having some of the larger grocery stores donate food items, donations from local community members (monetary and food) as well as from the homeowner him/herself. Residents who are working or find work can contribute a bit monetarily as well.
Basically, this is a situation whereby everyone wins. The homeowner wins in that his/her home isn't sitting empty. It is being occupied and kept up. The resident wins in that he/she is off the streets, receiving a place to sleep, food to eat, medical care and assistance with any counseling and job/income needs.
With all of the homes that sit empty much of the time throughout each year, there is no reason such an act of generosity cannot be accomplished. We as a society would all win.
I'm rank and file person but have no envy for what Mr. Kravis was able to achieve. I absolutely denounce a proletatian approach I can see in the comments posted.
While I agree with you to a point. Whining does little good.
I think a point that one ought to consider, for example is that current federal and state and possibly local tax laws help to create are a tax burden (local,state, federal) that is often not fair for the majority. The tax burden as a percentage of income is often far greater for those earning less than $500,000 annually than those earning ten or even 100 times this amount.
Also consider:
The "death tax", (estate tax) as some like to refer to it, is for example, a way to keep our economy strong for all of us. Most of us do not benefit from the creation of aristocracies. Large accumulations of wealth ( 2 million dollars or more) transferred tax free to one's children is not bringing innovation to the marketplace. This sort of tax structure (estate tax) has generated revenue for technological research and development, basic infrastructure and more and continues to benefit the economy as a whole.
Personally speaking
since, I work in the construction industry, I can appreciate that should I have the opportunity to work within one of the palacial estates profiled in Brave New Films production then I would be, could be a beneficiary. Yes, I could be and yet this only makes my point, the creation of wealth happens under conditions certain conditions.
Consider a nation such as Albania, nearly tax free livin'. What do you get. Check it out.
In the U.S. however we have helped to bring about innovations by creating necessary infrastructure, in the form of reliable rural electricity, roads and schools, etc... as well as other major technological campaigns that helped bring new products to market.
Taxes are not punishment, they are a means to supporting civilization, hopefully positive civilization most ways you want to define it.
CALL IT: The American Dream/Greed Equals Tour"
SET UP: outside the gates of Henry Kravis' mansions (Assuming we won't be let in; if so great, we'll film in there)
FOCUS on particular negative consequences of greed (examples: Greed = Poverty, Greed = Environmental Destruction, Greed = War, etc.)
INVITE the rabblerousers - the social activist musicians, entertainers, scholars, poets, socially responsible business leaders, and alternative media mavericks of our time. Potential list could include: Bright Eyes, Bruce Springsteen, Michael Franti, Ben Cohen, Barbara Ehrenreich, Robert McChesney, and so many more. I'd love to see Pete Seeger sing "This Land Is Your Land" at one of the events.
ALSO INVITE: the local activist leaders who are battling the socio-economic issues in their region most effectively.
DONATE: Any and all proceeds to local grassroots organizations in each location. The event should be free, but there should still be some money generated, and it should go to those people most in need.
DEMAND: That business leaders begin measuring social profits in addition to fiscal profits and take steps to become more socially responsible.
________
If this is an event centered around the holidays it will be tough to pull enough reputable voices together in the limited time frame. Still, there are enough people out there who want to help level the economic disparity that is growing in our country that it might not be that hard to rally support.
And you're the folks who can do it.
Love, Tony
If I had this much wealth and money I help poor with health coverage. I know how hard it is doing without. I still do without many things on S.S. INCOME. I was on disability till I turned 65. My husban died 7 yrs ago.
I live by my self and still stuggling every month getting by isn't good enough any more. To much month at the end of the money. 2 weeks befor month is out money gone.
There should be a no more greed and help others in need. I don't mean loafers, but fixed in come like me.
Education is golden but If there isn't any schools teaching real life servial and skills that is a waste of tax payers money down the drain.
Schools are so out of date with todays world no wonder there is so many drop outs.
When greed is there always jobs loss,unemployment goes up. Sure this makes the greed person feel good. They keep doing it. They don't even pay taxes enough to pay to fill out the tax form.
The world has went to HELL IN A HAND BASKET. They alwasy did say greed will distroy the earth well we can see this every day.
That's what BENITO MUSSOLINI hoped Fascism would bring to Italy. FASCISM is a radical form of socialism conceived to be an ECONOMIC EQUALIZER. It worked well in Italy under Il Duce even to Iraq under the late President Saddam Hussein and all of the other countries blessed with a CORPORATE STATE economy. Our candidate, Mr Grimes, hopes to import Fascism to America so it will bring PEACE, PLENTY & PROSPERITY to our homeland like it did Italy and Iraq.
With Fascism we have hope for the future. If we stay the course with these capitalist vampires we're doomed to lives with inflated petrol prices, ever increasing utility costs, hikes in rent and rising infation until the dollar is absolutely worthless. So, if you care about the future....
VOTE FASCIST 2008!
Elect Jackson Grimes US PRESIDENT!
Let's not leap all over Kravis. He is just doing what the current system condones and encourages, and maybe doing it more completely or extremely than most others but its the system that encourages this behavior. So let's work to change the entire corrupting system which we call the income tax. That is the only way to turn this country around.
Paul- I like your idea about a National Sales Tax.
Carol- I like your idea too.
Ark- not everyone who's homeless or poor is "brainless and lazy". Many had their jobs eliminated, shipped overseas, or given to foreign guest workers willing to do the same work for a fraction of what Americans can afford to live on by people like Kravis and ended up either unemployed or having to settle for poverty wage jobs at McDonald's or WalMart because those were all that were available- and that's when those people didn't have to compete with illegals for those jobs and weren't rejected as "overqualified" or "overeducated". Others lost their life savings and homes due to illness, injury, and/or other medical emergencies that their insurance companies wouldn't cover because of some fine print. Others are disabled with nobody to care for them, and their disability payments won't cover rent on even a 1 room apartment in a crack neighborhood.
Tony- I'm not against wealth, but Kravis is basically a vulture. No wait, a vulture probably has more morals. Most of the companies he buys usually end up going bankrupt within 3-5 years after he gets his claws on them. As for all the people who work on his homes, well I'm betting that if all those people were put together in one room, there MIGHT BE, MAYBE about a dozen or so green cards betwen them- IF THAT.
Money is a tool; how you use it is one of the keys to creating a harmonious society. Teaching proper values is another. The values of non-harming (oneself or others), Truth, non-greed and non-attachment must be taught and practiced in order to achieve true self-respect. Then, others will respect you.
In a free society, everyone is free to earn as much as their ability and drive will allow. To advocate "Wealth Sharing", is to doom our economy, because it will lead those who produce wealth, to withhold their abilities, or move to a country that appreciates their abilities. A good book to read on this point, is the classic: "Atlas Shrugged", by Ayn Rand. I would suggest that the producers of this video should read it, and heed it's warnings. The producer's ideas on redistributing wealth have already been tried and failed, in places like the U.S.S.R. and it's satalite nations, among others.
I don't think many people here are actually advicating communism, but when the top 300,000 Americans have the same wealth as the bottom 150 million, that is not good for social cohesion or stability. Even Adam Smith, hardly a socialist, said that CEO's should make no more than about 30-50 times the income of their entry level workers; we now have CEO's making 500+ times the income of their entry level employees. The Waltons are wealthier than Mr. Kravis, raking in billions each year, while thousands of their full time employees have to rely on food stamps, Medicaid, and other public assistance to make ends meet. Furthermore, WalMart actually shows all new hires how to apply for public assistance. For the country's largest employer to show their new hires how to apply for public aid- I'm sorry, but there is something very, very wrong there. Such a widening wealth gap as we now have has proven to be destructive to many nations and civilizations throughout history- and no, America is not immune, much as many may think or wish so. The last time we had this concentration of wealth into the hands of the richest Americans, the Great Depression happened. Do we really need to go thru that again? We were lucky to have a leader then in FDR, who rightly told the rich that either they loosen their purse strings and share some of their wealth, or the poor would drag them out of their homes and kill them in the streets. I guarantee that another Depression is something that we don't want, because we may not be nearly so fortunate next time around. Another Depression could easily put another Hitler or Stalin in the White House. I certainly don't want that. Do you?
Kucinich is the most honest and open candidate the democrats are running. I wish all of the leading democratic candidates would savagely attack the ultra corrupt Bush Regime and all of the republican candidates who are just going to continue Bush's evil and corrupt war. The only republican who opposes the war is Ron Paul. He is also the only republican who is speaking out against the war and for the American people.
I am sick of the democrats FAILING to address the illegal immigration fiasco. If a democrat or a republican would say he would immediately pull out every soldier from Iraq and place them on the Mexican border I would support and vote for him. Why doesn't any democrat have the guts to utter such a statement?
Almost every American would vote for a candidate who would savagely condemn the Bush Regime and the evil republican party. Why doesn't one democratic candidate make the following statement: "If I were president I would immediately end Bush's Iraq War and use our troops to defend the United States of America by ordering our entire military to our borders to defend them." And how about a democratic candidate saying this: "Since only 19 terrorists caused all of the carnage and havoc on 9/11/01 then at least that many terrorists have been allowed to invade our country through its southern border. Our military MUST ALWAYS be used ONLY to defend the safety of Americans and the United States and NOT BE LOW-PAID MERCENARIES IN FOREIGN COUNTRIES SOLELY TO DEFEND THE FINANCIAL INTERESTS OF CORRUPT AMERICAN CORPORATIONS!!!!!!" Will any democrat wake up and get some balls and tell the damned truth!!!!!!! I am sick of the status quo and the weak and gutless candidates in both political parties.
One other point: Since the summer of 2002 when Cheney unilaterally declared war against Iraq the price of stock in oil and oil services companies have skyrocketed. Tesoro Oil went from $2 a share in August 2002 to $160 a share today. Halliburton stock went from $8 a share in August 2002 to $145 a share today. Exxon-Mobil, and all the rest of the oil companies have made hundreds of billions of dollars and they have not done one thing to deserve the increase of their stock. Why hasn't ONE democrat even mentioned these companies making MASSIVE PROFITS OFF OF OUR DEAD SOLDIERS? Why hasn't ONE democrat mentioned the massive profits made off of the hundreds of thousands of innocent dead Iraqis? And why aren't the democrats savagely attacking the companies who are making hundreds of billions of dollars off of the war. If EVEN ONE democrat announced that during any time of war NO ONE could make a profit from it then that democrat would be elected. He would be admired. He would be reelected. But all of the high paid democratic strategists are nothing but flunkies who stick with the status quo and do nothing. Are they all brain dead zombies who have no imagination or guts? Apparently so. I am tired the my country being taken for a ride by people with absolutely no intelligence or creativity.
I would vote for Ron Paul if he ran because he is the only republican speaking the truth. Why are most democrats such cowards? The only democratic presidential candidates who are being honest and direct are Kucinich and Gravel.
BTW, I am an independent and my opinions represent 75 percent of Americans so why doesn't one democratic candidate start to represent the 75 percent of the people instead of the traditional party faithful?
I am sick of candidates who are ultimately selected in either the republican or democratic parties because of the amount of money they have or because they are too cowardly to tell the truth because they are afraid of offending anyone. We need to CLOSE OUR BORDERS NOW OUR OUR COUNTRY IS LOST. We need someone who has the guts to announce that the ENGLISH LANGUAGE is the official language of the United States. We need to eliminate Spanish from our ballots, road signs and telephone systems.
Does anyone, including the person reading this letter from me, really give a damn about the country or are you just interested in getting your party's candidate elected, regardless of whether they would be good for the country?
BTW, I could have debated GW Bush in 2000 and 2004 and slaughtered him. I would have made him look like the corrupt dunce that he is. Why don't democrats have any backbone or brains? The 2000 selection and the 2004 race could have easily been won by the democratic party but it seemed as if the fix was in and the democratic party was in collusion with the republican party. Perhaps it is because both major political parties are corrupt political prostitutes to corrupt corporations. Only Gravel and Kucinich have the balls to tell the truth, unfortunately they won't win the nomination of the party because they are too honest and because they both refuse to be whores to big money pimps. If you can tell that I am sick of the the political climate in this country you are right. If I was the head of the DNC the democratic party would win in a landslide in 2008 but you will continue to hire the same political hacks and end up with the same results: Defeat. Wake up and start to think like Americans and NOT A DAMNED POLITICAL PARTY PROSTITUTE!
I am a sponsor to 12 soldiers in Iraq. I get a lot of letters from them. And in every one of them they describe their Iraq duty as being in a prison. They say that there is NO LEADERSHIP, and that includes Bush, Cheney and the rest of those evil crooks. And they tell me that they are there for nothing. They have no hope and they realize they are NOT FIGHTING for our freedom or democracy. Why isn't the democratic party telling the truth about what is really going on in Iraq? Our soldiers believe that they are mere low-paid mercenaries only in Iraq to defend the financial interests of corrupt corporations. They see corporate crooks making ten to fifty times what they make and yet they are the ones who are putting their lives in danger. Is there even ONE honest, intelligent, and creative person with guts in the democratic party? Just one???????
It was true one hundred years ago and more so today. Most don't understand because the few who do don't tell.
This explains why all the trolls fall for the con men's misdirection (lower taxes, trickle down, social security is going broke, inflation is low, growth is high, compassion and interdependence are socialistic or communistic notions, etc. etc.)
Most of the time, most of the people are mostly guessing. Too bad they're guessing wrong.
with the most amazing heirloom varities of fruits, nuts and vegies
A PROPOSAL FOR A GOOD USE OF ONE OF KRAVITZ'S MANSIONS
There is a great need for a cohousing development along the lines of a secure and comfortable community organized around the provision of shelter and care for a significant number of homeless cats (and perhaps dogs and other domestic animals) and the mutual care of the people who operate and reside in this Cats and Cats' Caretakers Cohousing Community.
As one who has devoted some considerable time to feeding, spaying and neutering, vaccinating and adopting out numerous homeless cats, I've noticed that most of the self-appointed 'angels' who care for the otherwise unloved and discarded felines in our urban midst are women, many of them single, and many of them in middle age and beyond -- among others, such as the middle-aged man writing this. A system of mutual care among a cohousing community or similar intentional community could simultaneously provide security and friendship for a group of 'cat caretakers' who want to live together and enjoy the economies of scale and benefits of shared effort, expense, and space applied to the collective care of a group of critters.
"Cats Cohousing" would make a wonderful themed co-housing community with a 'high-concept' unifying purpose -- a new cohousing community or an existing 're-purposed' cohousing community.
The Cats and Cats' Caretakers Cohousing Community might be established, if not in Kravitz's oversized house, as a 'super-block' -- a one-city-block miniature community that is established as a group of homeowners acquire control of all or most of the houses on a city block and organize to create fencing and other barriers, and perhaps even additional residential structures and apartments, between the detached houses. They may remove fences and barriers in the houses' backyards to create one secure multi-use people-and-cats commons in the center -- surrounded by a secure continuous structure around the perimeter of the block and the community.
One of the projects of the community would be to install an effective barrier over the 'Cat Commons' to prevent the entry of birds (another class of creatures increasingly in need of our protection) into an area literally crawling with cats!
The concept is available in a short description on the Global Ideas Bank (www.GlobalIdeasBank.org), at www.globalideasbank.org/site/bank/idea.php?idea....
Submitted Dec. 14, 2007 by
Gregory Wright: greg[at]newciv.org
cheers Mr. VP Cheney and all your puppets
I would also turn the grounds into a local CSA (Community Supported Agriculture) to provide high-quality organic produce for the surrounding communities.
Hugo & Nebula Award Winner William Gibson (creator of the term cyberspace) has compared the internet’s importance for human development to the creation of the city.
He’s RIGHT! Systems established in the near future may well set patterns for a very long time to come…
IT IS IMPERATIVE THAT THERE BE A NEUTRAL, NON-PARTIAL & TRANSPARENT PUBLIC SQUARE IN THIS COMING “ELECTRIC CITY”
Addressing the systems and mechanisms by which responsibilities and opinions are translated from the individual citizen to those charged with governance.
THESE SYSTEMS NEED IMMEDIATE ATTENTION!
Here I address one... a key LEVER.
• Citizens will know their own power when they can speak as loudly and as often with a bit of money as they once could by standing up and shouting at an old Townhall meeting.
• When political contribution is so convenient that it is no longer thought of as contribution at all... but quite literally 'putting in my two cents'...
THEN WE'LL SEE A RENEWAL OF THE VITALITY OF SELF-GOVERNMENT!
Tom Crowl
CIVILIZATION SYSTEMS LLC
As a 62 year old veteran I would get half a group of poor kids from say Oakland and equal number of christian kids of upper middle class families and set-up some movies about torture and war and rich people not paying their fair share of the taxes. Simply to draw attention to the history say of this kind of guy who lives in this house, mixed in with religious quotes about the Camel more likely to get through the eye of a needle then a rich man could get into heaven, that perhaps rich people have always not paid their share.
I would make absolutely sure there was plenty of good food for the three major real meals with plenty of snacks and drinks available during the entire time they were near this house.
I would start out by picking them up before sunup, transport them there, and not bring them back until late at night. Get them together for at least once in their lives with a group living totally different lives, lives they had only heard about. Listen to what questions they would have for each other about their experiences.
Akk sides could get a real glimpse of life in the "W" era, what would we and they learn. This done with plenty of adults around to explain or just socialize or even ask questions and make them all feel safe.
I would make a point of having introduced the adult educators, trades people, as well as technicians and something about their positions to create maybe an interest. The adult need only focus on keeping things moving along. Mingling with the kids from movies to dinners and talking with them in between, sort of a talk-a-thon-walk-around. Eventually, hopefully I think a new way to see others might become available to the kids, and work interest and social skills would get exercised. A possiblity that would not be available otherwise.
I'd fill his house with little kids dressed up like the Who's and have sing alongs and hot chocolate and hold banners that say: "Silly Kravis! Don't you know that good things don't come in a mansion-sized, tax sheltered box?"
Then I'd send Kravis a holiday card signed by all the kids with a copy of the Grinch Who Stole Christmas.
Then I'd ask all those kids and their history teachers to pen op-eds on how taxation with representation is based on the founding of our country and ask whoever owns that billboard on Times Square to tally up Kravis's taxes if his income bracket was the same as an average American's and keep a running tally. Then I'd take out full page ads and invite all the presidential candidates to talk about what good they think they could do with all that money and somehow rig the next presidential debate to put that question on the docket.
And probably after all that was finished, I'd say a little prayer of redemption for ol' Kravis cause it's never too late to have a change of heart. Just ask the Grinch.
Second: I'll rummage through his file cabinets looking for any proprietary information.
Third: With cash and inside information in hand I'd proceed to found my own buy out firm, force him out of the market and be ten times as cruel, heartless and evil.
You socialist swine make me sick.
I know this will get deleted, but I urge anyone here to think about this and know that my comment seems just as inflammatory to you, as yours do to me. This is your website and you have a right to do what you want, but also remember that my freedom of speech is only as free as yours. So go ahead and censor me if you want... I dare you...
If you can find anyone to hire you, take it...and while your at it, GROW UP AND GET A LIFE!
MIP
This isn't even war on greed, it's a war on Henry Kravis' greed. Why Henry Kravis? Believe it or not but there are people who make even more money than he does. Is it because KKR engages in unethical business practices? If so then why not a website and a clip called "War On Unethical Business Practices"?
So let's consider what kind of people wage a war on greed instead of addressing the real issue. The clip doesn't showcase any supporters of this "war" that have achieved Henry Kravis' level of wealth, or even close to it for that matter. No such person in their right mind would agree to be in the clip because the clip condemns wealth, not greed. The people who are fighting this war on greed are people that make less money than Henry Kravis. The filmmaker is setting this up as a class struggle. The haves vs. the have-nots. Can you guess who viewed class struggle as "the history of all hitherto existing society"? The answer is the father of communism, Karl Marx. This clip contrasts the abundance that Henry Kravis enjoys with the modest lives of several random middle class Americans as if Henry Kravis is a bad person simply for having what he has. There are probably many other ways that Henry Kravis could choose to spend his money that would be more productive to himself and society, but that is his choice and the people behind this clip want to deny him the choice.
The clip states that "all" private equity giants take over other companies using primarily borrowed money and to pay the debt they sell company assets, fire thousands of employees, and radically cut the benefits of remaining employees. All this and it's still the same product, same building, and the same customers. So if the same product is made in the same buildings and purchased by the same customers then KKR has only made the company more efficient. Nobody is entitled to a job or benefits. Those aren't part of our inalienable rights that we are endowed with by our creator. They seem to think that it's wrong to borrow money and make a profit doing it. One woman in the clip explains that she looses money when she borrows with a credit card while KKR borrows money and makes a profit. She says that it isn't fair that she has been too stupid or lazy to figure out how her credit cards work and KKR figured out a way to make more money than her. The same woman says that it's unreasonable for Henry Kravis to have the houses that he does and pay a lower tax percentage. Who get's to decide what's reasonable? These filmmakers? The government? Sure, it can be rationally demonstrated that Henry Kravis has significantly more than his basic survival needs require, but who wants to live on the bare minimum that they need to survive? Is this film trying to argue each person should produce according to his ability and receive according to his need? Because that is, you guessed it, communism.
Henry Kravis pays a Capital Gains Tax of 15% instead of a 35% Federal Income Tax like firemen, teachers, and police officers do. Henry Kravis makes his money investing capital and receiving gains on those investments, not working for an hourly wage. Capital Gains Tax is what he should be paying. How about we work on reducing the unconstitutional Federal Income Tax instead of trying to increase other taxes. Unjust taxation was one of the reasons we declared our independence from England. The clip is essentially arguing that everyones taxes should be raised to the same percentage, regardless of how you make your money, so that we're all equally miserable. That's essentially what socialistic-communism is, everybody can't be equally happy so everybody should be equally miserable. The filmmakers also seems to want us to believe that there is something inherently good about being a fireman, teacher, or police officer, and there is something inherently bad about managing a private equity fund. I almost expected the clip to end with a rousing "Workers of the world, unite!" (google that phrase if you need to)
The last portion of the clip was beyond absurd. The filmmakers are encouraging people to speculate on what they would do with a Kravis mansion, or in other words how they would redistribute his wealth. The redistribution of wealth is one of the basic components of communism. Are you starting to catch on? Most of the answers weren't any more productive than what Henry Kravis uses his mansions for. Those people didn't earn and don't deserve those mansions. Each "average joe" in that clip chose his or her own life. Nobody forced them to be school teachers or nurses instead of founding a private equity firm. This clip promotes a scarcity paradigm. It's telling you that Henry Kravis and KKR are winning and that is the real reason why you are loosing. They end with that cute little "psst... do something", but what do they suggest anybody do? Certainly not learn how to become wealthy so that you can actually have a realistic chance at effecting some positive change in the business world. They probably just want you to waste your time protesting outside one of Henry Kravis' mansions like they did to premiere this clip.
This clip doesn't demonstrate anything conclusively except that Henry Kravis is rich while most of America isn't. If change is needed in the world of the private equity giants then by all means, let's figure out how to do some good. Unfortunately that isn't what the "War On Greed" is about. This clip is more than just a waste of time, it is subversive and intellectually dangerous to anyone that doesn't have their brain on.
In the end it will be found that many of the current business practises are immoral in essence and illegal in the eyes of most of us who do or have done real work. The New Yorker had a great article on hedge funders. Wow, a crap game if you can understand it. And if you win, five big homes.
If you can find anyone to hire you, take it...and while your at it, GROW UP AND GET A LIFE!
MIP"
Well put Mip! I'm sick of these people whining how "the rich are getting richer, the poor are getting poorer..". For those complaining that they can't make it in the world's strongest and healthiest economy, that's nobody's fault but your own. Our K-12 schools, at least in theory, provide one with the knowledge and skills one needs to find and succeed at an entry level job anywhere in the US. Of course that's assuming that one graduates and actually learns something- other than how to roll a joint or put on a condom or who the latest rapper is. Poverty sucks, but with hard work and determination, it doesn't have to be permanent.
The people who made this film are obviously pathetic, bitter losers, utter morons, and basic idiots who aren't really good at anything and who lack the minimum educational or IQ requirements needed for a job at McDonald's or WalMart. I certainly wouldn't hire them to mow my lawn or take out my trash- they might hurt themselves. I would suggest to everyone here that they get real, hands-on education, NOT a useless liberal arts education, and learn a profitable, in-demand skill or trade, then start their own business. Of course I'm betting that the makers of this film barely passed, if not altogether flunked, their GED's to get out of high school. Time for these clowns to take their rightful place in the real world- yup, straight at the bottom of the no-talent heap.
A person's chances of escaping the mire that is poverty is much lower than in many other nations.
Is it our educational system? Is it a lack of ethics among the very rich and the politicians of all shades that may be in their pockets? Other factors? Some combination?
Let's address the underlying cause of low economic mobility, and then we can figure out who is to blame and fix whatever mess is revealed.
Keep up the fights, the struggles and mostly abovec all else here, the sharing of our peaceful love and caring ways over fighting things that ought not be done in ways contrary to the message we carry out amongst the masses is
thanks for listening, that is in case you have,
marc
Another thing that bothers me about this is the sense that it's driven by our own greed. The very question "What would you do if you had one of his houses for a day?" takes for granted that if we could, we'd change places with Kravis. I'm happy with my life, but I'd take a million dollar pay raise in a heartbeat. Wouldn't you? So, I think a campaign against greed is doomed because most of us are motivated to some extent by the desire for more--more money, more possessions, more vacation time, a bigger house, a nicer car, a bigger TV, etc., etc. It's all the same.
I'm a strong supporter of social and economic justice, but I don't think this requires that there be no wealthy people. Kravis' homes have to be built, wired, plumbed, painted, landscaped, and maintained, just like mine (well, actually much more than mine!). If you add up the dollar values of those homes as quoted in the film, plus what it costs to keep them up, what you will get is the total amount of money Kravis is paying into the economy. Kravis' wealth may not go to the same people whose jobs were lost in the process of his gaining his wealth, but it eventually winds up in the hands of average working men and women. If his taxes are too low, that's an issue of economic policy, and we need to engage our representatives on those things.
Because of all the above, this campaign is too easily rebutted and the whole point is too easily lost because it wasn't clear to begin with.
The first step is for our society to stop idolizing people who are ultra-rich. The second step is to create support groups. The third step is to find useful ways for people to use their skills or money.
I'm afraid we are about there...
The American people are no longer free and there is much less oppotunity due to these bullies.
s use the Saudi Family as the most obvious example (deeply tied with the Bush Family), is for all intents and purposes a dictatorship. The alledged attackers of 9/11 were upper middle class young (some of them anyway) men. And if more American citizens would just take the time to open their minds and eyes to the events of 9/11 and the actual truth as to what really happened, then you might start to understand the dynamics of why this country and other countries such as England create so-called terrorists. You see, you cannot create a terrorist without BEING a terrorist yourself. Everything is mirrored back upon itself. Yin and Yang. Action creates re-action. When an idiot such as George W. Bush says something as rediculous as "the terrorishts attacked ush becaushze they hate the fackt that we are a nashion of democrashy and freedom" then you know that there is something very wrong going on. People who would go so far as to sarifice themselves body and soul to kill other people is a sign that there is a massively deep rift in our society as a whole. I do not want to get into the massively corrupt elections of 2000 and 2004 because once you read David Icke's book "and the truth", you will see quite clearly that there is no such thing as democracy in this country. Nor most likely anywhere else in the world as well. Greed is just a part of who and what our society is right now on this planet. Maybe we are going to start to grow up as a species, or maybe we will destroy ourselves because we just can't bring the younger souls on this planet under our wing through love and understanding. And please do not tell me that the Bush and even the Clinton families are not greedy, because then I will have to laugh a very hardy laugh indeed.
There’s a new spirit in the land. The old days of grab and greed are on there way out. We’re beginning to think of what we owe the other fellow, not just what we’re compelled to give him. The time is coming, Watson, were we shan’t be able to fill our bellies in comfort while other folk go hungry or sleep in warm beds while others shiver in the cold and we shan’t be able to kneel and thank god for blessings before our shining alters while men anywhere are kneeling in either physical or spiritual subjection. And, god willing, we’ll live to see that day, Watson.
WE, the people of the Whole Earth, West, East, realize WE have Wone Eternal source. Earth is our common mother and WE all share Wone H.OM.E., Here On Mother Earth. WE all need to be WEminded of this Woneness by WEvising and WEnaming the way WEthink, the way WEspeak, the way WEwrite and the way WEact. By sharing a common WEvision and working together through a peaceful WEvolution and WEformation , WE all will WEunite the planet and provide one WEsolution to the concerns of all the WEmembers of our earthly familWE.
There is but one world ecology, the WEcology. Earth is a living organism and is affected by the actions of all inhabitants. WE all are WEsponsible for preserving and WEstoring our natural WEsources. WE all must WEduce the amount, WEuse same products and WEcycle whenever possible. We have to WEforest and WEgenerate this beautiful planet. WE should “think globalWE and act localWE,” to WEplenish and WEvitalize our natural environment.
WE all share a world economy, the WEconomy. WE need to eliminate all economic barriers and allow the WEmarket system to work. The world will become one huge WEtrading zone with one universal monetarWE system called monWE. A world treasurWE will establish a WEfund to provide WElief to the money challenged and homeless. “There is enough for the world’s needs but not the world’s greed.” All people will be provided with adequate food, clothing, shelter and medical services. The WEalignment of the world’s WEalth will stimulate the WEconomy and create a worldwide WEcovery. A positive WEsession of full employment, increase production and stable economic conditions will WEsult.
The only true way for lasting peace on the planet is to WEunite all the countries of Earth through a peaceful WEvolution. This new combiNation will be called the WEpublic of earth and these WEunited Nations will be governed by a democratic system. All people are WEmembers and will have WEpresentation in the government. Nationalistic pride will be WEplaced with the universal pride on Wone World WEpublic. The only enemies will be hunger, violence, scarcity, pollution and disease. All the people on Earth can concentrate on creating a H.E.A.V.E.N.( Having Each Attain Various Eternal Nows) on Earth and eliminating the need for competition or useless defense expenditures. WE all will be busy WEnewing, WEconstructing and WEjuvenating the planet. Without the need for military expenditures, there will be plenty of monWE for social needs such as food, clothing, housing and medical needs. The only sure way to eliminate war and strive is to establish the Wone World WEgime.
There can be only Wone True WElegion of Love with all huebeings as WEmembers. This WEalization of universal awareness of our Woneness will cause a WEbirth, WEsurrection and WEvival of our spiritual unity. The Wone WEall WElegion of love will WEsurrect and WEform a WEincarnation of the universal WEssiah that includes the totality of all the earthly souls called WEisus. The Wone pure light of love is WEflected into the full spectrum of the “hue”being rainbow. Therefore, WE all will see the light, because WE are all WEflections of the Wone Light. WE have no choice, so WEjoice, life will truly be wonderful for AllWEs, All ways, Always.
Working together, WE all will WEplace nuclear reaction and nuclear fission with new clear WEaction and new clear WEvision. Huge solar space panels can provide an abundance of inexpensive energy. WEcycling and conservation can decrease excessive energy demands.The application of modern agricultural techniques, the WEdistribution of necessary WEsources and the WEcreation of millions of small gardens all over the planet will provide peace and plenty for posterity. WE can cut down on the excesses of life and concentrate on the basic human needs. WE will use computers and modern communications to interconnect the “global village.” Earth is our “spaceship” and only through combining and WEminding ourselves of our common WElationship can WEsolve all of our concerns. WE are Wone and through peace and unity and sharing a common WEvision WE can create the beautiful paradise WE all know is possible on Earth. WEmember, if WE don’t do it, it won’t get done. "Where there is no WEvision the people perish" WE love and WEspect all WEs.
Share the WEvision. Join the WEvolution. Become a WEmember.
Nothing is going to happen to these guys with this useless, USELESS Congress. The new suggestions for "economic bailout" put together are nothing but thinly disguised FURTHER Tax cuts. There is no SEC oversight, no enforcment of law. It's all a system to keep the war mongers able to keep on with "business as usual".
Global People for the Impeachment of Richard Cheney
www.thepetitionsite/petition/527250776
impeach.to.end.war.crimes@gmail.com
The world is being run to keep jerks like Kravis safe . those shortlisted by Dick Cheney.
If you wish to do something, support the impeachment movement - get involved; it's not "just" a fringe movement, it's for everyone. We must put together a movement for social justice and not rely on "experts".
www.wexlerwantshearings.com
I'm far from being wealthy. I work a boring job for an hourly wage and I don't even have a car. I make less than 20K a year. But guess what; IT'S MY CHOICE.
"Capitalism", you are buying into the myth. Noone chooses to be poor. We workers create the wealth of this Nation. We must fight for our share. We all deserve a living wage, health care, and decent housing.
The fact is that no matter how many videos you make about him, nobody is going to care. His business partners and companies will remain unchanged. The politicians will not be intimidated because your videos and rage isn't directed at the legislature. Your videos will change nothing. Period.
However, if you start paying more attention to the following, you'll have a story that will get A LOT more attention:
Henry Kravis is one of the key members of The Bilderberg Group. They are 120 of the richest, most powerful politicians, business people, members of the media, and even deans and professors of prestigious universities. Once per year, they find a five star hotel, kick everybody out for a few days, and meet to decide the fate of the world. Their security guards are CIA, MI-6, and The Mossad, paid for by your tax payer dollars. No pictures or video is allowed. None of the members are allowed to talk about anything that is ever said in the meetings.
"Good deads are done in the sunshine. Evil is done under the cover of darkness" -Jim Tucker
If you really want to start learning and then teaching your audience something of value, go here:
Youtube.com and search for "Bilderberg Group"
Read the book "The True Story of the Bilderberg Group"
Watch "Endgame" documentary for free on Google.com
You're welcome.
-Vince
I am perplexed by your recent campaign concerning Henry Kravis and the tax loophole.
Did you also know that Henry Kravis has donated millions of dollars to my school and all of the other schools he has attended? Did you know he donated 15 million dollars to the Center for Cardiovascular Health? He has also worked hard to create jobs and new businesses in New York. Did you know that he worked hard his whole life to get to where he is? He worked hard in elementary school and highschool and that allowed him to get into a good college, and he is rewarded by his hard work in school by his success. What is wrong with you people? How can you possibly call him greedy when he gives so much of his money away to other people in need? Just because he is very good at what he does, you think you can criticize him and all other people like him? Sounds like you guys are bitter, if you ask me. He has done way more for America than your entire organization ever will. I would much rather trust his $96 million in his hands where he can see that it is used adequately instead of in the hands of the government. Even the people you interview in your movies have horrible ideas for what they would do with his money. They would throw parties, barbecues, sell everything in the house, amongst other ridiculous plans. No one suggested a plan that would actually make a difference in society by helping a large amount of people have a better life. Whereas he gives a lot of his money to education so other people can have the same opportunity as him.
Don't take me for a stubborn fool, I am just presenting an argument that makes the most sense to me. I honestly want to hear how you justify yourselves. I don't understand what you are thinking, so please help me understand you.
Thanks for your time,
David
I was a dedicated employee of FDC. I worked there for over 12 years and worked hard to earn a meager living. I took pride in my work and put in many hours of unpaid overtime in order to enhance my skills to better serve the company.
Throughout all those years, my accomplishments and efforts had gone unnoticed and unrewarded. I never asked for anything more than acknowledgment and appreciation for my dedication, and desire to produce an end product that was above and beyond that of what was expected. I took my work seriously and devoted myself to being a hard-working professional that was a part of a team who ultimately supported the company.
In reward, I was laid-off without any warning. This was within 4 months of KKR's buyout of FDC. Moreover, the severance package that was promised me initially was cut in half! (Although, I am the first to admit that I was lucky to even get a severance package in the first place...)
Yes, we live in a country where everyone has the potential to reap the proverbial "American dream," however, no single person deserves to amass the amount of money that Mr. Kravis (or, Michael Capellas) does, nor do they deserve a helping-hand from the government via tax breaks, etc., at the cost of American taxpayers.
What makes this country great are the working and middle-class who contribute the most to build the wealth and economy of this nation. Instead, some of you reward Henry Kravis by ignorantly defending his selfish and greedy actions that profit at the expense of everyone else. Meanwhile, companies like KKR throw this country into economic turmoil through job loss, foreclosures, and a sagging economy. While it is important for corporations to profit, it is equally important to respect the honest hard-working Americans whose only desire is to be independent, earn a reasonable living, have a secure job, and not be forced into a financial catastrophe by becoming unemployed, uninsured, and pushed into welfare.
KKR, on the other hand, makes their money by buying out flagging corporations like FDC then turning a profit through cost reductions via any means possible—including cutting off its workforce through layoffs. How does that help this country?
We have a decidedly inequitable playing field where the rich get wealthier while everyone else foots the bill through excessive taxes. To maintain this country's strength, we need to respect and understand the necessity of keeping everyone employed, self-sufficient, and not being thrust into poverty. Our economy depends on it. The more people who lose their jobs are forced to bear the burden of trying to keep their own lives together, and this results in a huge ripple effect on a global scale.
First of all, I would truly love to see these overly compensated business moguls and CEOs take a cut in their own personal salaries instead cutting the jobs of those who do the real work. If they were so charitable, that would be the ultimate act of charity.
Second, invest in the future by taking care of these hard-working individuals by helping them secure their jobs instead of ruthlessly forcing them into unemployment.
Third, Henry Kravis should also take a good portion of his ridiculously excessive salary and invest it to those hard-working individuals who have lost their jobs, homes, and dignity after being laid off. He should compensate them appropriately until they are gainfully re-employed elsewhere. By that I mean, do not pilfer from these people by cutting their meager severance packages in half, or removing them altogether to add to his own personal wealth.
The philanthropic generosities of Henry Kravis, Michael Capellas, et al. are purely self-serving. They only donate their money to benefit themselves through tax breaks, procured admiration, and political support for their personal gains. If none of these were available, then their philanthropic endeavors would rapidly cease to exist.
What I cannot fathom is the greed that these people have! How much money does a single person deserve—or need—to have? More importantly, how can they consciously feel good about themselves when they hurt so many in the process—and, at what cost?
Please do not insult me and everyone else by openly defending their actions and espousing the virtues of capitalism! When you consider how many hard-working people end up losing their jobs at any given time—due to the likes of KKR, et al.—one begins to realize how these greedy corporations end up undermining our nation on whole.
With more people unemployed, there are more people seeking employment elsewhere—thus making it virtually impossible for many to return to work in less than a six-month timeframe.
The upshot of this is a sluggish economy owing to fewer available jobs that result from the huge demand. Consequently, those few available jobs start offering smaller salaries with fewer benefits. A chain reaction results, causing a glut in the housing market, more foreclosures, and decreased consumer spending (which I find ironic, because it is consumer spending that enables FDC and KKR to profit).
Meanwhile, companies such as KKR (with our government's encouragement and support) end up getting wealthier beyond reason at the expense of everyone else.
Thank you so much for taking the time to visit our website and view our work. We truly appreciate you providing us with your feedback and opinion on this matter.
We certainly do not deny that Henry Kravis has worked hard in his life. We also believe that others such as the foundrymen who pour iron at the Gunite plant in Rockford, Illinois (which is owned by KKR) work hard. And the maintenance worker at an Atria assisted living facility in New York City (which is owned by another private equity firm) who holds down a second full-time job to support his family works hard. Yet, unlike Kravis, these people do not receive a living wage.
Private equity partners, such as Henry Kravis, are handsomely rewarded for their work. As such, we expect them to contribute to the public good accordingly. As we highlight in our video, Kravis and others use complicated financial structures to game the tax code in order to pay a 15% tax rate on income that would otherwise be taxed at 35%. The average American worker makes under $50,000 per year and pays a 25% income tax rate. We expect Mr. Kravis, a man of great wealth and means, to contribute an equal if not greater percentage as those who have less to give.
We also do not deny that Henry Kravis has donated some of his money to good causes. He has donated to the Columbia Business School, the Museum of Modern Art, and the Metropolitan Opera, to name a few. Donations on Mr. Kravis’ behalf are generous, but overall represent a mere fraction of the amount of tax he avoids paying.
We hope that we can continue to be a source of information for you.
Sincerely,
Ofelia Yanez
Brave New Films
Thanks for your time,
David
Thank you for following up on this very important issue with us. Please feel free to go to our facts page under the War On Greed site, which includes articles and links to information about the loophole. Also, I found a specific article which might be of some help in further explaining this tax loophole. In it I found the following sentence which sums up a lot, stating:
'What this means in practice is that private-equity billionaires...essentially have a 15% tax rate, because all their income is treated as capital gains.'
Below is the link to the article which you can view in its entirety, as well as a link to our facts page. I hope that they will hopefully serve as additional information for you.
http://www.felixsalmon.com/000780.html
http://warongreed.org/facts.php
Thanks!
Ofelia Yanez
Brave New Films
Henry Kravis and other members of the private-equity business should not have all of their income taxed as capital gains. One of the articles said that they normally invest 1% of their own money in the takeovers, yet all of the return on that 1%, plus the 20% charge in their investors gains, plus the management fees are taxed at 15%. This is not fair. The return that they make on their original 1% investment should be the only portion of their income taxed as a capital gain. The management fees and 20% they charge their investors should be taxed as income, at 35%. This seems like the best solution to me. I haven't spent much time developing it, so I don't know how it will affect other industries, such as real estate, but it looks like a reasonable compromise.
Thanks for your time,
David
"Wow, thank God creative people like Kravis exist, that stimulate the economy and give us mortals jobs with which we can feed our families. It's very cute and childish how the costs that Kravis incurs (yes, he's spending his own money) on renovating his homes are considered to be somehow sinful. Who do you think gets to do the work on his houses that he pays for?? Some local guy who is getting a salary out of that work. Surely that is beneficial to him/her! Dear me, you seem to be forgetting what basic economics is about..."
Then give the remaining smashed stuff to found object artists for art materiaks.
Meanwhile out in the yard, the "give a dirty bastard a bath" dunk tank and the "corporate creeps can kiss my ass" kissing booth.
that hit it right on the head.
and could not be more planner
in the face of people.
of are modern age. of kill or be killed
world.
where the goverment has sold the u.s.a.
to other people.
not only that guns and so on.
even though they did not work at that time. they sold them.
that does not matter.
people are smarter now days.
so all they did was to take them apart and modafi them. and guess what. they have all the guns and so on they want. for cheap to take over the u.s.a.
any time they want.
so what they where thinking i have no idie
Mr. Kravis is not "creating wealth", he is riding on the backs of people who, no matter how hard they work, will never even approach the bottom rungs of his economic level. That includes all the people in the world whose hourly wage is measured in CENTS.
People are motivated by many different things, and the desire to make money without having to produce goods or provide useful services will always be one of them.
This motivation is called "getting a free ride", and capitalism, especially in its degraded American form, celebrates it above all others.
Somehow, we have allowed ourselves to be convinced that the ultimate achievement involves finessing money simply by positioning oneself between producers and consumers.
No one asks, "Will this be good for other living beings, now or in the future?" Instead, the only question is, "Will it be profitable?"
As a result, we all end up living in a world crafted to support the few people among us who are willing to acquire wealth at any cost, even if it means sacrificing the welfare of all other beings on the planet for their own safety and comfort.
Our country was founded on the concept that everyone could succeed or fail by his/her own merits, based on the abilities you were born with, the skills you acquired, and the time and energy you put into your work. No one was to have unfair advantage over anyone else.
Massive wealth - whether inherited or acquired - gives people an unfair advantage. It also deprives its holders of the challenges the rest of us face, challenges that - when met successfully - make us better human beings.
The idea that GREED is the only authentic motivation, the underlying reason for any productive activity that goes on in the world ... that is a very pessimistic view, a holdover from pre-Enlightenment days when everything base - rape, pillage, murder, enslavement, brutality, and bigotry - was assumed to be inevitable, all part of our "sinful" human nature.
Sure, we are all driven, first and foremost, to make sure our physiological needs are met (food, shelter, safety), but beyond that we have a variety of motivations. Imagine what kind of world we could make if, after our basic survival needs were met, each individual could pursue his/her heart's desire.
As to how I would use one of Henry's mansions: I've a detailed plan for each mansion, complete w/golf-outings/dinner parties/'balls' inviting the poor/ their children! But, first we must go shopping...Marie will take them shopping in Canada!! (since she's from Canada ,she'll know the best boutiques) Every woman/little girl deserves to be a 'Princess' at least once in her lifetime!!! ;D I've more dreams...but, I'm out of space!! Call me!
"...it is easier to fit a camel through the eye of a needle, than for a rich man to enter the kingdom of heaven..."
And this applys to whatever one's definition of "heaven" is...
I fear for us all.
Kravis is self made. Life is full of decisions. We all choose our own paths.
The firemen's pension fund (and many others) made money off of KKR deals by investing with KKR. Be careful what you wish for . The attempt to pillary Kravis is weak. The end of your movie asks me to do something...what would you reccommend...I reccommend a war on ENVY.
green is the color of both money and jealousy. Change the tax codes if you like...you won't get a fight out of me...but Kravis alone pays more in taxes in a week than the individuals interviewed in your piece pay all year.
total. fail.
would have us believe --one gets this walthy by hard work & good
business sense.. That no one gets hurt unfairly in this type of swindle !
Another of these "venture capitalists" is Mitt Romney.--they don't design, invent,
manufacture, advertise or sell products---they just whiz-bang people & companiess
out of business with the all-powerful, "heavy money"= brute force--beware you
peasants--when the sword cometh, none will survive .
Regardless I'll say it anyways. If I had control over one of his houses (I'll go with one of the more exotic properties like in the Dominican Republic) I think I would have a big auction for all the useless junk and strip the main property to it's bare bones. Then you could use the money to fund a big project, like a colony for the homeless or stuff. Turn the main building into a people's library and guest rooms available to rent to make a few bucks. Knock down all the tennis courts and swimming pools and what not and build housing for the poor and a farm. Maybe the fishing spot can stay. But anyways people could live on the property and work in exchange for a place to sleep and eat. Very starry eyed and its socialism but what can you do. It would be nice though... My 2 cents anyways.