CEOs make millions and billions by Fraud 210503
May 3, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 5/3/21
CEOs make millions and billions because the corrupt U.S. Government is “cooking the books”!
The corrupt U.S. Government has rigged its fiscal policy to enrich the U.S. upper class and enrich the CEOs by cheating the U.S. general public!
The Washington Post Business
Average CEO earnings soared to $21.3 million last year and could rise again in 2020 despite the coronavirus recession
At America’s 350 largest companies, the pay ratio between chief executives and workers was 320 to 1, researchers found
By Jena McGregor
August 18, 2020
Fueled by a surging stock market, CEO compensation climbed to its highest level in seven years last year and could be poised to rise again in 2020, despite the widespread layoffs and pay cuts of the coronavirus recession.
The Economic Policy Institute, a left-leaning think tank, found that chief executives of the United States’ 350 largest companies earned an average of $21.3 million in realized compensation in 2019, setting the ratio of CEO-to-worker pay at 320 to 1, up from 293 to 1 in 2018 and more than five times as high as the 61-to-1 ratio in 1989.
Details about CEO pay lag, because they are shared in corporate proxy statements, which are typically released early in the following year before many companies’ spring annual meetings. As a result, the lofty numbers have landed during a time when the pandemic has devastated the labor market and income inequality has become an election campaign issue.
“CEOs are not doing well just because they’re at the high end; they’re doing far better than everyone else at the high end,” said Larry Mishel, senior labor economist at EPI.
Between 1978 and 2019, according to EPI’s analysis, CEO compensation, adjusted for inflation, rose 1,167 percent, much higher than the top 0.1 percent of wage earners, whose pay grew 337 percent between 1978 and 2018 (the most recent year available). Meanwhile, the typical workers’ compensation, using figures that primarily rely on Bureau of Labor Statistics data for wages of a full-time worker in each industry, grew by 13.7 percent over the past four decades.
The recession is over for the rich, but the working class is far from recovered
CEO pay has been going up for the last 5 decades because the corrupt U.S. Government has been “cooking the books” for the last 52 years!
The corrupt U.S. Government is borrowing trillions from the future Americans so we can pay our CEOs millions and billions!
The corrupt U.S. Government has already fraudulently borrowed $147.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans so we can pay our CEOs millions and billions!
The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is not accruing for future U.S. Government benefits and as a result is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class!
The corrupt U.S. Government is fraudulently enriching the U.S. upper class with an infinite amount of counterfeit money so the U.S. upper class and the rest of the Americans can buy stuff from companies without paying for it to make these companies appear to be profitable and valuable so the companies can pay their CEOs millions and even billions!
The corrupt U.S. Government, by not using accrual accounting, is giving infinite wealth to the U.S. upper class by undertaxing them, is cheating the U.S. general public by not funding the future benefit promises, and the CEOs (also other senior management and investors) make millions and billions by getting paid with the trillions of counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!
The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing trillions of imaginary-counterfeit money, so far $147.7 Trillion, from the future Americans and giving it to the U.S. upper class so the CEOs can be paid millions and billions of imaginary-counterfeit money!
This is fraud because the future Americans do not have $147.7 Trillion!
The following chart gives a graphical projection of how the corrupt U.S. Government could fraudulently borrow as much as a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans over the next couple of decades and give it to the U.S. upper class so we can keep paying the CEOs a whole lot more money every year!
The corrupt U.S. Government is lying to and cheating the U.S. general public by promising but not funding future benefits so they can enrich the U.S. upper class with trillions of imaginary-counterfeit money and pay our CEOs millions and billions of imaginary-counterfeit money!
The U.S. general public is not going to be happy when they find out that they are being cheated so the CEOs can be paid millions and billions!
|US National Debt
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org May 3, 2021
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.
John W. White