{"id":326,"date":"2008-01-23T16:20:33","date_gmt":"2008-01-23T16:20:33","guid":{"rendered":"http:\/\/fatsquirrel.org\/bologs\/vng\/why-ill-never-be-rich\/"},"modified":"2008-01-23T16:20:33","modified_gmt":"2008-01-23T16:20:33","slug":"why-ill-never-be-rich","status":"publish","type":"post","link":"https:\/\/fatsquirrel.org\/oldfartsalmanac\/why-ill-never-be-rich\/","title":{"rendered":"Why I’ll never be rich"},"content":{"rendered":"

On the front page of MegaCorp’s intranet [now that I’m legally employed there I won’t be dropping their real name too often] is this story:<\/p>\n

\n

Capital Levels<\/p>\n

MegaCorp will exceed targeted capital levels on a pro forma basis for the 4Q 2007 and has raised or priced nearly $30 billion of capital over the last 2 months.<\/p>\n<\/blockquote>\n

Now, I haven’t got the faintest arse of an idea what any of that means. I mean what does “priced” mean in that context ? To me, pricing is what they do in a supermarket with sticky labels, is that what they mean ? They just put a sticky label saying “$30 billion” on a big pile of money ? I could do that.<\/p>\n

Money works in a different way when you have a lot of it. You can create more just be hyping it. Jobs work differently too. For example if you or I do a bad job, we get fired.
\nIf the CEO of MegaCorp does a such a bad job that the company loses billions and causes a global economic crisis, he too gets fired. But the difference is that he keeps his $1.74 million pension, $94 million stock and $53 million savings.<\/p>\n","protected":false},"excerpt":{"rendered":"

On the front page of MegaCorp’s intranet [now that I’m legally employed there I won’t be dropping their real name too often] is this story: Capital Levels MegaCorp will exceed targeted capital levels on a pro forma basis for the 4Q 2007 and has raised or priced nearly $30 billion of capital over the last […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-326","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/fatsquirrel.org\/oldfartsalmanac\/wp-json\/wp\/v2\/posts\/326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fatsquirrel.org\/oldfartsalmanac\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fatsquirrel.org\/oldfartsalmanac\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fatsquirrel.org\/oldfartsalmanac\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fatsquirrel.org\/oldfartsalmanac\/wp-json\/wp\/v2\/comments?post=326"}],"version-history":[{"count":0,"href":"https:\/\/fatsquirrel.org\/oldfartsalmanac\/wp-json\/wp\/v2\/posts\/326\/revisions"}],"wp:attachment":[{"href":"https:\/\/fatsquirrel.org\/oldfartsalmanac\/wp-json\/wp\/v2\/media?parent=326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fatsquirrel.org\/oldfartsalmanac\/wp-json\/wp\/v2\/categories?post=326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fatsquirrel.org\/oldfartsalmanac\/wp-json\/wp\/v2\/tags?post=326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}