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Monday, December 26, 2011

The Top 1 percent are such wannabes

Nobody who's anybody cares to be in the top one percent.  Most of the top one percent are just middle class run of the mill millionaires.  They can hardly afford at table at the top restaurants or more than a hovel in the Hamptons.  The top one percent are a bunch of ordinary losers who control nothing.  It's the top one percent of the top one percent that count in this world.  There are about 1200 to 1500 billionaires in this world.  If you're not one of them, let's face it, your a loser. 

Look are Corzine.  He barely had a 100 million dollars.  What a schmuck.  He gambled all of it and another 100 million of his clients money to try to claw his way into the top one percent of the top one percent.  He lost it all.  But is was well worth the gamble.  After all he was a nobody ex-senator, ex CEO of Goldman Sachs.

A bunch of the top One Percent of the top One percent got together this weekend to put it all in perspective for us:

“Acting like everyone who’s been successful is bad and because you’re rich you’re bad, I don’t understand it,” said Jamie Dimon the JPMorgan Chase & Co. CEO. 

Home Depot Inc. co-founder Bernard Marcus said he isn’t worried that speaking out might make him a target of protesters. “Who gives a crap about some imbecile?” Marcus said. “Are you kidding me?”

Billionaire  John Allison IV shared his disdain for Section 953(b) of the Dodd-Frank Act, which requires public companies to disclose the ratio between the compensation of their CEOs and employee medians, according to Allison. The rule, still being fine-tuned by the Securities and Exchange Commission, is “incredibly wasteful” he said because it takes up time and resources.  "Instead of an attack on the 1 percent, let’s call it an attack on the very productive,” Allison said. “This attack is destructive.”

Tom Golisano, billionaire founder of payroll processer Paychex Inc. and a former New York gubernatorial candidate, said in an interview this month that while there are examples of excess, it’s “ridiculous” to blame everyone who is rich. “If I hear a politician use the term ‘paying your fair share’ one more time, I’m going to vomit,” he said.

These billionaires clearly have a point.  They're tired of being lumped in with the unproductive idiots of the top one percent.  It's time we all realize that it's the top one percent of the top one percent that is responsible for the terrific state of the world economy.

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