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Showing posts with the label "wealth creators"
"Big thieves hang small ones." —a Czech proverb If you steal millions you get bonuses and you are among "our betters"; you are a wealth creator. When you mismanage, we bail you out with taxpayers money. If you plunder or help plunder a whole country, it is called "development" or protecting an ally. We even give you asylum in three months. If you steal $50 dollars, you spend (at least) 36 years in prison . For stealing $1, you need to afford a $12,000 bail . And it is even worse of you are a poor person of colour. If you steal a £3.50-pack of bottled water or a pack of chewing gum, you get 6 months prison sentence. (Britain 2011) And when the  world’s top 25 hedge fund managers earned $13bn in 2015  (the latest year available) – more than the entire economies of Namibia, the Bahamas or Nicaragua, it was not consideed theft, but "a fairly-determined market income."