Thursday, June 23, 2005

Supreme Court Rules Cities May Seize Homes - Yahoo! News

What better way to concentrate wealth than to allow rich people to seize the property of the less rich?

Behold, the power of wealth:From the article:
    A divided Supreme Court ruled that local governments may seize people's homes and businesses against their will for private development in a decision anxiously awaited in communities where economic growth conflicts with individual property rights.

    Thursday's 5-4 ruling represented a defeat for some Connecticut residents whose homes are slated for destruction to make room for an office complex. They argued that cities have no right to take their land except for projects with a clear public use, such as roads or schools, or to revitalize blighted areas.

Friday, June 17, 2005

Welfare Kings

Welfare Kings: "The U.S. Commerce Department's Advanced Technology Program started doling out millions of dollars to big corporations like General Electric and Xerox a decade and a half ago, during the heyday of enthusiasm for industrial policy. In the years since, the notion of government-led industrial and technological development has been widely discredited. But ATP continues to chug along, with the cumulative bill to taxpayers so far topping $2.3 billion. "

Sunday, June 05, 2005

Richest Are Leaving Even the Rich Far Behind

This is the definition of the concentration of wealth: From the article:
    The share of the nation's income earned by those in this uppermost category has more than doubled since 1980, to 7.4 percent in 2002. The share of income earned by the rest of the top 10 percent rose far less, and the share earned by the bottom 90 percent fell.

Thursday, June 02, 2005

The concentration of wealth at Dell

Dell CEO nets more cash

From the article:
    Rollins, who took the reins at Dell in July 2004, is now making close to $3 million in salary and cash bonuses. Rollins will also take in 1.2 million shares as part of his package deal for 2005, which is better than the 800,000 options the top executive received in 2004.
1.2 million shares translates into approximately $42 million.