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Friday, January 27

Rich Criminals Get Richer 

The AP tells us:
"The disparity between rich and poor is growing in America as the federal minimum wage has remained flat for years, union membership has declined and industries have faced global competition, according to a study released Thursday."


Th richest familes had incomes grow by 59% over the last 20 years. That would indicate that crime among the rich must also be up, as there are more of them making even more.

Get rid of your money before it gets rid of you.

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Monday, January 23

Rich Internet Tycoon Arrested 

If you see five guys in business suits talking, you know they are up to something no good.

The Washington Post tells us another sad tale of someone rich who is a criminal:
"Internet tycoon Takafumi Horie, the freewheeling young executive credited with helping reinvent Japan's staid corporate culture, was arrested Monday on suspicion of violating securities laws in one the biggest financial scandals to rock the world's second-largest economy in years."


He used to be quite the guy, whom everyone loved and amired. Now he's a known as a dubious stock trader.

Horie's riches, romances with actresses and political hobnobbing made him a Bill Gates-meets-Donald Trump figure in Japan. Over the New Year's holiday, local media noted, Horie flew a pack of famous entertainers and young executives on his $30 million private jet for a lavish escape on the Pacific Island of Palau.


Ahh, if he only knew that flying on private jets is one of the early symptoms of becoming a corporate criminal. Alas, Monday, he was responsible for the Tokyo stock exchange coming to a halt. Not good.

Warning to the middle class: you do not want to be like the rich.

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Rich Internet Tycoon Arrested 

If you see five guys in business suits talking, you know they are up to something no good.

The Washington Post tells us another sad tale of someone rich who is a criminal:
Japanese Authorities Arrest Internet Tycoon: "Internet tycoon Takafumi Horie, the freewheeling young executive credited with helping reinvent Japan's staid corporate culture, was arrested Monday on suspicion of violating securities laws in one the biggest financial scandals to rock the world's second-largest economy in years."


He used to be quite the guy, whom everyone loved and amired. Now he's a known as a dubious stock trader.

Horie's riches, romances with actresses and political hobnobbing made him a Bill Gates-meets-Donald Trump figure in Japan. Over the New Year's holiday, local media noted, Horie flew a pack of famous entertainers and young executives on his $30 million private jet for a lavish escape on the Pacific Island of Palau.


Ahh, if he only knew that flying on private jets is one of the early symptoms of becoming a corporate criminal. Alas, Monday, he was responsible for the Tokyo stock exchange coming to a halt. Not good.

Warning to the middle class: you do not want to be like the rich.

  (0) comments

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