Election Issues Today

I probably don’t need to add my insignificant voice to the MOBs who are in such an outrage over the AIG employee bonuses. I know that some employees received only $1,000, but many received over $1 Million!

What I can’t get my mind around is how a “bonus” can be over $1 Million! Even if we discount the QUAINT NOTION that a “bonus” should be CONNECTED in SOME WAY to PERFORMANCE, I am mind-boggled at a one-year bonus that exceeds what a lot of working people earn in their ENTIRE LIFETIME!

Something is seriously wrong with our society–with our SYSTEM–that pays some people millions and millions in regular salary PLUS such an outrageous amount as a “little bonus,” while millions are unemployed or toil at jobs that pay $7.00 per hour, AND where heads of household are working two or three part-time jobs to make $20,000 a year and pay rent, utilities, car payments, gasoline, and buy food for a family of four.

Here’s the part that is really hurtful and offensive to most of the working people: the recipients of these multi-million dollar salaries and million dollar bonuses often take it for granted that they DESERVE it; that the company, or society, or the country OWES them this kind of compensation.

In my humble opinion, NOBODY is worth that kind of money and it doesn’t matter WHAT they contribute to society. These people are SUCKING CHEST WOUNDs on the World’s economies!

There was one time that I saw a statistic from Japan that showed the ratio of the salary from the highest paid company executive to the lowest paid employee was only FIVE to ONE! That was some years ago, and things have changed. (AND HOW!)

It is no wonder that our entire financial system, as it currently functions, is not sustainable. There is no value added at each step of the financial management process; but rather there is a “rake off the top” for these privileged individuals, and the cost is passed on at each step, with the large numbers of us poor bastards at the bottom of the taxpayer food chain picking up the cost.

I am totally fed up, and the only thing I can do is pull our annuity out of AIG and put it somewhere else.

Perhaps this is too obvious, but the problem here is finding ANY FINANCIAL organization that is any different!