—Pigs are intelligent animals with a sense of social responsibility. CEOs are looting taxpayers funds meant for small businesses.
Wednesday, May 13, 2020
There’s a general sentiment today that multimillionaire corporate chieftains are pigs. But I think that’s unfair. To pigs.
Pigs are remarkably intelligent animals with a sense of social responsibility to the common good of the group. Compare that to the pompous and petulant corporate executives like hotel magnate Monty Bennett, who recently grabbed millions of dollars in economic relief meant for small businesses.
It was so stinky that even the thievish Trumpistas made him return the money. Yet a shameless Bennett continues to insist that he deserves a government bailout: “What are all those taxes we paid supposed to provide us with, anyway,” he whined?
Well, Monty, maybe with a literate workforce, clean water, paved streets, fire and police protection, and other public basics that subsidize your business. But our taxes aren’t meant to guarantee your profit.
Yet Bennet flaunts his cluelessness: “I won’t apologize for being a capitalist in America,” exclaimed this “socialist capitalist” in March, as he was grabbing taxpayer handouts.
Indeed, he’s apparently a very poor capitalist. Last year, before the coronavirus catastrophe struck, the Ashcroft trust that he heads had a $113 million loss and saw its stock value nosedive by 80 percent. Yet he took special care of himself, pocketing $5.7 million in personal pay.
Meanwhile, Monty is in line for more government money from Trump & Company’s new $500 billion pot of cash exclusively reserved as “emergency aid” for giant corporations.
Moreover, Bennett and his ilk can take this bailout with no requirement to use any of it to protect the paychecks or save the jobs of employees. They can even use our money to raise their own pay!
In CEO World, taking care of Number One is Priority Number One. Then, as a second priority, repeat Priority Number One.
OtherWords columnist Jim Hightower is a radio commentator, writer, and public speaker. Jim Hightower is a national radio commentator, writer, public speaker, and author of the book, Swim Against The Current: Even A Dead Fish Can Go With The Flow. Hightower has spent three decades battling the Powers That Be on behalf of the Powers That Ought To Be – consumers, working families, environmentalists, small businesses, and just-plain-folks. Distributed by OtherWords.org.