Meet the 0.01 Percent: War Profiteers

Submitted by: kitteh9lives 5 years ago in

War industry CEOs make tens of millions each year, putting them in the top 0.01 percent of income earners in the U.S.
There are 40 comments:
Male 5,194
[quote]I`m not angry at rich people for being rich. I`m pissed at CEOs and Congressmen for fiscally raping us. [/quote]
Same here. More I read about the repeal of the Glass-Steagall Act, the angrier I get.
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Male 4,004
Damn, those guys are cool... They are running a business. There is a demand, they are the suppliers. They don`t start the wars, Politicians start wars. If a country feels it needs to kill people to ensure its prosperity, then they turn to whomever may supply them with the best means to supply destruction.

If there were no wars, these guys would still make money as Boeing, Lockheed Martin and Northrop Grumman have their hands in more than just missiles and bombs.

And by the way, one hundreth of a percent in America is 30,000 people, not 3.

And their combined worth is around 135 billion USD. Not even 1% of the national debt.
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Male 4,395
I`ve been laughing at the $500,000 that OWS has in the bank. For the protestor`s that are just attacking all the rich instead of the people controlling our government this money makes OWS now part of the 1%. I still support the OWS protestors that have an actual point.
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Male 4,395
EricWRN, it`s apples an oranges what you are saying. The Bush administration was literally scaring the hell out of American`s with the terrorists boggy man.
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Male 1,737
I`ve been studying film, so I have a good idea what commercials cost. There`s no way in hell it costs 500mil to run a campaign, but the fact that can take donations from anyone opens it right up for corruption. Where`s all this money going, who do they owe large favors too, the 1%.

Seems to me you have to start at the beginning of the political process. It`s corrupt from the start, so there`s no way to fix it at the end. You have to change the policies from the get go.
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Male 38,485

So a couple guys were good at their jobs and earned 20 or 25 million. I`m not angry at rich people for being rich. I`m pissed at CEOs and Congressmen for fiscally raping us.

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Male 590
and lol@ "be a slave....", sit there and call me a slave in your corporate brand clothing drinking your corporate brand beverages driving your corporate brand car that uses the same corporate brand gasoline that i use

This is exactly why so many people lost interest in having a reasonable debate over the issue. One side simply whined about a socialist agenda to control all businesses, the other side whined about "being a slave to oil" and "obligatory fox news comment". Come to think of it, that`s how all issues are debated in this country. Not with rational thought or legitimate data, but ad hominem attacks and character judgements for not agreeing with one`s favorite political team.
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Male 590
the earth has warmed and cooled itself since it`s birth, no one`s denying that. I even acknowledge that humans may be able to influence it, I`m not trying to get into a debate about the science of anthropogenic global warming.

My point was that if you think only one political team uses scare tactics you`re a bleating sheep who chooses to route for a team instead of use critical thought.

I suspect my point will fall on deaf ears though, because I realize it`s not "scare tactics" if you`re an Obama or liberal fanboy and it fits your agenda. Just like it`s not "scare tactics" to neo-cons to talk about our colossal debt or new debt-spending programs but whatever. Stay asleep. Im sure it makes perfect sense to you to go around shrieking about the world ending because of coal plants while you bitch about evil republicans using "scare tactics".
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Male 4,395
Global warming is not a partisan issue. It is a human issue. A new study that was funded in part by the Koch brother`s confirmed that the original research on global warming, that Fox News tried so hard to show was faked, was accurate all along. The earth is indeed warming. And that is why we are having such bizarre weather patterns around the world. But go ahead and be a slave to big oil and coal.
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Male 590
lol@ "the politics of fear are over for liberals"... yes, and don`t forget that if you don`t create carbon taxes and funnel tax payer money into green energy sources WERE ALL GOING TO DIE!!!!!!
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Male 4,395
I thought for sure this was going to be about Dick Cheney and his war profiteering friends. Manipulating the US with scare tactics. Christ he even pretended that he had to hide in a bunker so that he could scare the hell out of us all. They should all be in jail. Thank God the politics of fear are over. Well at least for liberals. The politics of fear is alive and well on Fox News.
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Male 10,440
America should, by any definition, be spending less on the military, but that is your government`s fault, they made the decision, not CEOs.

These 3 may be overpaid at the expense of the investor, which is just a plain bad move for the company, since I could CEO better than them for a mere 1M, but at least there`s something tangible that they produce.

People need planes, so these companies exist, that`s perfectly fine with me.

What ever happened to going after banks?
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Male 238
I feel like I should go setup a stand there and sell posterboard, pens, sharpies, water, baby wipes, canned food, etc... and profit from these people.
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Male 2
It makes no sense to associate this with the "occupy" movement. Which, as far as I`ve discerned, seems to be about the exploitation of the general american populace. This is a complaint about wasteful government spending, this sounds like something the tea party should be taking on.

As Crakr already pointed out, these CEOs aren`t highly paid in comparison to many others out there (and given the stock options, I`d wonder further how highly paid these guys are in comparison to others). Just looking at how much the top 10 athletes have been paid (and narrowing that to salary only), these CEOs still don`t make that much. Perhaps the occupiers should be targeting sports stadiums and other entertainment venues. Fiscal responsibility doesn`t just suddenly happen at the government level, it has to be handled at an individual level first.
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Male 17,512
So their plan is to kick aerospace workers out of their jobs to give construction workers, teachers, and bureaucrats more raises ? These CEOs are not the most well paid in the country.

#1 Philippe P. Dauman: $84.5 million CEO of Viacom
#2 Ray R. Irani: $76.1 million CEO of Oxidental petroleum
#3 Lawrence J. Ellison: $70.1 million CEO of Oracle
#4 Michael D. White: $32.9 million CEO of DirectTV
#5 John F. Lundgren: $32.6 million CEO of Stanley/Black and Decker.

As you can see the so called `War Profiteers` make considerably less then their counterparts in the non-defense industry.

Sorry, but this video is a fail on several levels.
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Male 688
I heard a rumor that China agrees with the protesters and has agreed to OccupyAmerica.

Not exactly what you were hoping to achieve I`m sure.
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Male 303
@Nebbie aww. fail dude.
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Male 303
And damned lobbyists, don`t they know that our congressmen have no integrity? They could make the right decision but they don`t.

This is the lobbyists fault.
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Male 25,416
ooo so were naming names now...
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Male 303
evil evil rich people.
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Male 459
Great...everyone wants to latch on to the occupy movement because they don`t have an agenda. Now there will be thrown about in 50 different directions...and weakened. They`ll fall for it of course.
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Female 31
so, how do we get this done? livng in a tent and shouting might be step #1...but there is no further plan. *sigh
there is no robbin hood.
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Female 1,386
Its good that people are starting to take note of the world around them, but the protests... they`re sort of like a big knotted ball of yarn. There`s lots to work with there, but there`s no cohesive form yet. They have a list of things they want changed, but no way to really go about changing anything. Someone has to start organizing those people. Gather up that yarn, and make a sweater (or at least a very attractive scarf) out of it.
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Male 38,485

@ patchgrabber - no but careers do.
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Male 5,811
Gerry, are you saying wars are started over sex tapes? xD
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Male 2,468
Yeah! Let`s take that 60 million those evil CEO`s make and build 60 miles of highway instead! That will fix our infrastructure problems!
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Male 645
0.01 percent is one hundredth of a percent.

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Male 525
Nice use of reductio ad absurdum, Gerry1of1; I didn`t think of that.
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Male 38,485

And the Kardashians earned $30 million last year!
Take our economy back from those bitches!

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Male 3,475
How about the old inherited money the dynasties?
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Male 864
He said "top hundredth of a percent" but 0.01 is one tenth...
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Male 171
Oh, and about the military in general:
Yep, its a good idea to have some kind of defense ready, dont think anyone disagrees here.
But as mentioned already, the wars dont happen for defense, they happen for profit. And when americans go to die in wars, its not the top 1% who dies and suffers, its the bottom 99%.
The profits from the wars on the other hand, these all go to the top 1%.

Going to war so that everyone gets access to cheaper gasoline, well that would already not be a very moral idea.
But taxing ppl to have money to go to war so that the profits of the gas companies increase without prices decreasing for the taxpayers, all the while masquarading the whole thing as defense of the country? Well thats not only screweing the other countries over, its also screwing over pretty much everyone in your own country.
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Female 54
I think the message isn`t supposed to be completely stop spending on defense or weapons. The message is to show that we are spending too much, and only a small amount of people are profiting far more than they should (when the economy is in such a mess). This isn`t just about hippies and peace, it`s about numbers and we just can`t afford to spend THAT much. Especially when it`s tax payers money.
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Male 171
This is dumb.
These 3 guys dont make up 0.01% of the population, not even close to that.
And they are in no way different to the rest of CEOs.
Corrupting politicians (lobbying), making huge profits, and disregarding whether or not ppl are dying for those profits isnt somethoing specific to CEOs of weapon companies, its pretty much the job description of CEO of ANY major company.
There is really nothing special about those 3 dudes, and trying to single them out of the pack to suit this guy`s own agenda is simply missing the point.
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Male 2,424
Take the US military out of the picture for ONE day, and watch how quickly the world erupts. Enjoy your North Korea / Chinese occupation. And yeah I think Putin would be totally cool and chill out have a joint with you guys talk about how great it is the US military is gone, he would sing kumbaya and maybe throw the Frisbee ... lol

The better our technology, the better our weapons the less US soldiers have to die.

And the end, saying we should put tax dollars into repair roads and schools is just plain ignorant! That`s where all the "stimulus" money DID go, (Besides over rated banks) how the drat did that work out for us??

sorry but this was BS
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Male 5,811
There`s tremendous profit to be made in war. That`s why so many wars get fought. The problem I have is when we`re led to believe the war is for some noble goal when really it`s about money or resources. I don`t like being deceived.
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Male 14,834
What`re you going to do strip them of all lands and titles like at the end of Last Samurai?
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Male 525
Great. Now the people who make the weapons to defend our lives and freedoms are being censured?

What the hell is going on in the world?
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Male 270
Ive known this for years, I am happy that people are finally walking up to this and taking to the streets!

REVOLUTION!!!
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Female 8,044
Link: Meet the 0.01 Percent: War Profiteers [Rate Link] - War industry CEOs make tens of millions each year, putting them in the top 0.01 percent of income earners in the U.S.
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