FILE UNDER “YOU REALLY JUST DON’T GET IT, DO YOU?”



Daily Kos
Friday Jan 22, 2016  12:54 PM EST

[THIS IS A RATHER AMAZING PIECE FROM DAILY KOS.  AND FOLKS WONDER WHY THE NATION IS SO DIVIDED AND ANGRY?  WHY BERNIE SANDERS IS RISING UP ACROSS THE COUNTRY.  READ ON:]

BLACKSTONE CEO STEVE SCHWARZMAN

It's easy to forget sometimes just how cut off from reality that the super-rich can be.   Nowhere is this more true than at a meeting of the wealthy elite.


DAVOS, Switzerland -- As income inequality and healthcare costs rise in the United States and as an economic slowdown may be on the horizon, one of the world’s richest men expressed surprise that U.S. voters seem so angry in advance of the 2016 presidential election. Speaking at a gathering of corporate and government leaders in Switzerland, Blackstone CEO Steve Schwarzman told Bloomberg Television that he is bewildered about why Americans seem so discontented.

  “I find the whole thing astonishing and what’s remarkable is the amount of anger whether it’s on the Republican side or the Democratic side,” the Wall Street mogul said at the World Economic Forum in Davos. “Bernie Sanders, to me, is almost more stunning than some of what’s going on in the Republican side. How is that happening, why is that happening?”

Yes, why would average Americans be upset when everything is going so good for me? My butler's servant says the poor are happy to toil in the sweatshops.

Schwarzman’s private equity firm, Blackstone, manages — and makes fees from — billions of dollars of pensioners’ assets, and was recently fined by federal regulators for not properly disclosing fee terms to its investors. The investors harmed by Blackstone’s conduct included public retirement systems in California, Florida and New Jersey...

  Schwarzman has made national headlines likening tax increases on the wealthy to the Nazi invasion of Poland.

Those poor, oppressed billionaires. I'm sure when the tax Nazis come they will be weeping while they flee in one of their 1,700 private jets.
  It's an ironic coincidence that Oxfam released this study earlier this week.
The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.

It uses data from Credit Suisse from October for the report, which urges leaders meeting in Davos this week to take action on inequality.

Yeh, I don't think that Schwarzman was won over by Oxfam's study.   It's the new math: 1% = 99%. They only teach that math in business school.


I should point out that it wasn't Schwarzman, but Goldman Sach's Lloyd Blankfein who said that bankers were "doing God's work."


NOTE:  If you've been following the run-up to the Presidential Election come November, you will no doubt have noted that all the Democratic candidates have spoken out quite eloquently about this issue while the 12 (13?  11?) Republican Candidates apparently believe that making America Great Again involves concentrating even more wealth at the top since this issue hasn't exactly sparked a lively debate among them.  Or any debate.  Oh, wait:  No, I haven't heard a word from them about this.  It's very odd situation if you ask me.  But then there was Iowa on Tuesday where Ted "Never Met A Government I Couldn't Shut Down" Cruz beat out Donald "If My Mouth Ever Utters A Coherent Policy Proposal Please Forgive Me" Trump by 28% to Ted Cruz's 24%. 




Have a good day!


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