$160M parachute may soften O'Neal's fall - CNN.com
160 million.
How long do normal people have to work to make 160 million? If you make......
$30,000 a year you'll have to work 5,333 years.
$50,000 a year you'll have to work 3,200 years.
$75,000 a year you'll have to work 2,133 years.
$100,000 a year you'll have to work 1,600 years.
$250,000 a year you'll have to work 640 years.
$1,000,000 a year. Wouldn't that be great? Make a million a year,... and in only 160 years you'll have made 160 million.
If you make $1 million a year, in 160 years you'll have made as much as this guy made yesterday !
Some notes:
One half of US households make less than $48,000 a year. So 50% of US households wouldn't make 160 million dollars in 3,200 years of work.
98.5% of all US households make less than 250,000 a year. so 98.5% of US households wouldn't make 160 million dollars if they worked for 640 years.
Income data from Wikipedia http://en.wikipedia.org/wiki/Income_in_the_United_States
"Vote None of the Above in 08"
10.31.2007
10.25.2007
evan bayh for VP ???
evan bayh may be the next democratic vice-presidential candidate. to me he's the poster-child for everything that's wrong with american politics.
he returned to indiana to run for office. didn't really live in the state before. his name and family connections made it almost certain he'd be elected. since he's been in government, his wife has been handed seats on major healthcare boards, handed millions of dollars of stock options while he helps make decisions affecting those companies. he's a guy that's never had a real job/career other than politics. a career politician whose father was a politician. he didn't have a lot money when he began his political career but he's grown filthy rich since.
now the dems talking of him as a VP candidate?? i guess he and susan would fit in with the clinton clan pretty well.
throw'em all out!! vote NONE of the above in 08!
Making Hay While the Sun Shines: How the Power of Influence Influences Power
he returned to indiana to run for office. didn't really live in the state before. his name and family connections made it almost certain he'd be elected. since he's been in government, his wife has been handed seats on major healthcare boards, handed millions of dollars of stock options while he helps make decisions affecting those companies. he's a guy that's never had a real job/career other than politics. a career politician whose father was a politician. he didn't have a lot money when he began his political career but he's grown filthy rich since.
now the dems talking of him as a VP candidate?? i guess he and susan would fit in with the clinton clan pretty well.
throw'em all out!! vote NONE of the above in 08!
Making Hay While the Sun Shines: How the Power of Influence Influences Power
10.18.2007
don't vote red or blue.......
we have the best democracy money can buy.....
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The 25 highest paid hedge fund managers are earning more than the CEOs of the largest five hundred companies in the Standard and Poor’s 500 combined. CEO pay is outrageous; hedge and private-equity pay is way beyond outrageous. Several of these fund managers are taking home more than a billion dollars a year.
You might think that Democrats would do something about the anomaly in the tax code that treats the earnings of private-equity and hedge fund managers as capital gains rather than ordinary income, and thereby taxes them at 15 percent – lower than the tax rate faced by many middle-class Americans. But Senate Democrats recently backed off a proposal to do just that. Why? It turns out that Dems are getting more campaign contributions these days from hedge fund and private equity partners than Republicans are getting. They don’t want to bite the hands that feed.
Robert Reich's Blog: The logic of Taxing the Rich, and Why Dems are Afraid to Use It
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The 25 highest paid hedge fund managers are earning more than the CEOs of the largest five hundred companies in the Standard and Poor’s 500 combined. CEO pay is outrageous; hedge and private-equity pay is way beyond outrageous. Several of these fund managers are taking home more than a billion dollars a year.
You might think that Democrats would do something about the anomaly in the tax code that treats the earnings of private-equity and hedge fund managers as capital gains rather than ordinary income, and thereby taxes them at 15 percent – lower than the tax rate faced by many middle-class Americans. But Senate Democrats recently backed off a proposal to do just that. Why? It turns out that Dems are getting more campaign contributions these days from hedge fund and private equity partners than Republicans are getting. They don’t want to bite the hands that feed.
Robert Reich's Blog: The logic of Taxing the Rich, and Why Dems are Afraid to Use It
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