#Economic Hardship

[workersolidarity]

I want to remind people of some of the self-destructive behavior we see conducted by giant corporations.

Today's giant US and Multinational Corporations do not exist to produce goods and services people need or want.

Instead, these giant corporations act as passthroughs to funnel money directly into the pockets of shareholders. Corporations will often engage in self-destructive or self-harming policies that bankrupt their companies, but manage to funnel ENORMOUS funds into shareholder pockets in the meantime. Then, we quickly see the govt swoop in and use tax-payer dollars to back the losses of those shareholders, making it so they've privatized the gains and socialized the losses.

These companies's behavior can often seem completely inexplicable when looked at outside the context of dividend payments and dividend recapitalization.

Dividend recapitalization itself is one the greatest examples of ruinous behavior by a corporation that benefits shareholders at the expense of employees and customers both.

A Dividend Recapitalization occurs when a company decides to go into debt with the express purpose of using that debt to pay dividends to shareholders and nothing else. None of the borrowed money is reinvested in the company or its employees.

This can easily result in a company's bankruptcy if it falls onto hard times immediately following a Dividend Recapitalization.

For example, in April 2002, KB Toys went deeply into debt to perform a Dividend Recapitalization, paying tens of millions of dollars in dividends to its shareholders and investors. By January 2004, KB Toys had filed Chapter 11 Bankruptcy, citing its Dividend Recapitalization process as the reason for its bankruptcy.

And you can find endless examples of this throughout recent history. It is unquestionable that Dividend Recapitalization is harmful, not just to the companies in question, but to the millions of tax payers who take a hit every time something like this happens.

The logical answer would be to ban Dividend Recapitalization completely, but our corrupt Neoliberal Govt is only interested in serving the desires of the Ruling Class. They could care less that Dividend Recapitalization often comes at a price for Taxpayers.

It is undoubtable that we need to have democratic control over the economy. At the moment, we barely have any democratic control over any other part of our society, let alone the economy.

It is well past time the Working Class of the US rise up in rebellion against the Capitalist Class and all their various tools of control that allow them to manipulate elections and retain control over the political machinery of the United States.

Dystopia is here and it's not going anywhere until the people take back what's ours.

[commodore-jeep-eep-blog]

Seeing that NY magazine bullshit on polyamory is rapidly changing me from 'warm lesbian cuddle pile under the covers please' to 'jesus fucking christ, undermining the polygamy taboo at this time of spectacular economic inequality and terrible youth economic prospects is going to let the id of the grand bourgeoisie and upwards completely off a leash and is going to lead to horrors of economically and otherwise abusive relationships beyond imagining.'

[queennicoleinboots]

Episode 17 of The Misadventures of Super Coping Man

[satireinfo]

Shoplifting in California: Shocking Discovery That Laws Still Exist

The Golden State’s Newest Retail Trend: Take Now, Worry Later Written in Seal Beach, California, by Clara Contrarian   Seal Beach, California – The Golden State is no stranger to making headlines, but even by California standards, the recent shoplifting saga at a Seal Beach department store has left many slack-jawed. A suspect caught in the act expressed genuine shock that her actions were still…

[accuratenewsng]

PDP Governors Ask Tinubu To Review Economic Policies

The Peoples Democratic Party (PDP) Governors’ Forum has expressed concerns about the economic hardship on the nation by policies of the All Progressives Congress-led Federal Government with a call on President Bola Tinubu to review Nigeria’s macroeconomic and fiscal decisions. Tinubu stopped the payment of fuel subsidy and floated the naira among other reforms which have led to the escalation of…

[kree8r0]

Why do the rich spend so lavishly instead of helping those in need?

This post is a response to a question initially posed on Quora, and can also be accessed via “https://www.quora.com/Why-do-the-rich-spend-so-lavishly-instead-of-helping-out-those-in-need/answer/Antonio-Amaral-1“ …because they can, and because they’re being rewarded for their success in accruing large sums of money with more money by the puppets they pay to play the role of a government…

[africaprimenews]

Economic Hardship: Nigerians Are  Sick, Hungry, Suffering, Dying -  Abuja Residents Lament

Some residents in the Nigeria’s capital, Abuja have cried out over the present economic hardship in the country. Speaking with the News Agency of Nigeria on Sunday, the residents said their once manageable budget had spiralled into a daily struggle, primarily due to soaring food prices and transportation fares. “We are finding it difficult to feed due to the high cost of food items. Further…

[tristanjboomy]

One More EPISODE To Go And Then Season 2

This series is a tragedy

[gurutrends]

Ondo Governor Aiyedatiwa Awards N31Billion Contract To Build New High Court Complex, N1.2Billion To Renovate Govt House VIP Lodge Amid Economic Hardship

  Ondo state government led by Lucky Aiyedatiwa has approved N31.1 billion for the construction of a new High Court Complex in Akure, the state capital amidst harsh economic conditions facing residents of the state.   The approval was given at the State Executive Council meeting chaired by the governor, a document seen by GurutrendsReporters showed.   The contract was awarded to Westfield…

[raffaellopalandri]

Extraordinary athletes

Daily writing promptName the professional athletes you respect the most and why.View all responses The Paralympic Games are a motivating testament to human resilience, grit, and determination. The athletes who compete in the games, often facing significant challenges, have overcome adversity and found new meaning and purpose in their lives. Official Logo of the Paralympic Games 2024, in…

[streetreporters]

Presidential Blind Spot: Nwokoabia Urges Tinubu to Confront Reality as Protests Rage On, Guides Mr President

Nigeria is currently grappling with widespread protests and demonstrations, sparked by a combination of factors including economic hardship, hunger, and anger under President Bola Tinubu administration. However, the Presidency’s response to these protests has been widely criticized as inadequate and tone-deaf. Prof Chris Mustapha Nwaokobia Jnr, Convener of the CountryFirst Movement, has joined…

[touchaheartnews]

Arewa Group Criticizes Dalung's Nationwide Protest Plan

In recent political developments in Nigeria, the Arewa Consultative Forum (ACF), a prominent socio-political organization representing the interests of the Northern region, has expressed strong disapproval of former Minister of Youth and Sports, Solomon Dalung, over his plans for a nationwide protest. This protest, according to Dalung, aims to address various national grievances, including…

[townpostin]

Tata Steel Contract Worker's Life Cut Short Amid Financial Crisis

Tragic Incident in Nitibag Colony Highlights Plight of Struggling Families Family hardship and monetary woes lead to a heartbreaking loss in Jamshedpur, as a contract employee of Tata Steel succumbs to financial pressure, leaving a community in mourning. JAMSHEDPUR – A distressing incident unfolded in the Sitaramdera area when a Tata Steel contract worker was found deceased at his residence,…

[healthyhabitjournal]

Dive into "The Grapes of Wrath Analysis: Resilience in Tough Times | Healthy Habit Journal" to explore how Steinbeck's masterpiece sheds light on enduring through adversity. Discover the profound themes of family, struggle, and hope during the Great Depression. Perfect reading for those who seek inspiration in resilience. #TheGrapesOfWrathAnalysis

[larryhappiday]

A Call for Help for Widows and Orphans this Christmas Season

Meta Description: Discover the true spirit of Christmas by advocating for widows and orphans in Nigeria. Learn how to make a difference in their lives amidst rising living costs and economic challenges. Embrace the call of Isaiah 1:17 and do something.

The –Mber months are here again, but it will be a blessed season if we start budgeting for the less privileged now than ever, writes Pastor Ngozi H.Asoya. What are your budgets for the widows and orphans? Introduction: Our hearts are filled with excitement and expectation as the Christmas season approaches. It’s a holiday when we gather with our family and loved ones to exchange presents and…

[accuratenewsng]

Hardship: What I Would Have Done Differently - Atiku

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) in the 2023 elections have disclosed what he would have done differently regarding the Nigerian economy if he had been elected Nigerian president. He said his reforms would have “benefited from more adequate preparations” and “more sufficient diagnostic assessment of the country’s conditions”. In a post on his X account…