Source: https://time.com/5888024/50-trillion-income-inequality-america/
"On average, extreme inequality is costing the median income full-time worker about $42,000 a year. Adjusted for inflation using the CPI, the numbers are even worse: half of all full-time workers (those at or below the median income of $50,000 a year) now earn less than half what they would have had incomes across the distribution continued to keep pace with economic growth. And that’s per worker, not per household."
We are getting stolen from everyday by the billionaire class who have bought themselves politicians and the media to keep you from getting what you deserve
“And if all others accepted the lie which the Party imposed—if all records told the same tale—then the lie passed into history and became truth. ‘Who controls the past’ ran the Party slogan, ‘controls the future: who controls the present controls the past.'” ~George Orwell, “1984”
Every day we are subject to corporate propaganda and we do not even notice it. Our beliefs and core values get influenced and neighbors are pitted against each other. The news we see is increasingly spreading fear creating a darker and darker world around us. We need alternatives. We need independent journalism that is more widespread.
Some Stanford professors coined the term the Dune affect: "The Dune affect, which states that those who control the media control the opinions of the people"
"Modern propaganda uses all the media available to spread its message, including: press, radio, television, film, computers, fax machines, posters, meetings, door-to-door canvassing, handbills, buttons, billboards, speeches, flags, street names, monuments, coins, stamps, books, plays, comic strips, poetry, music, sporting events, cultural events, company reports, libraries, and awards and prizes. It is most likely that some of these media uses are surprising, but that only serves to show how easy it is to not even recognize propaganda as such. For the purpose of our paper we will focus on mainly the usage of the press in their tactics of shaping people's opinions. The press (newspapers and magazines) is important because the most current news and issues are spread every day through them.
Indeed, propaganda is so powerful because everyone is susceptible to it. This is true as explained by Robert Cialdini, an expert in influence, because people exist in a rapidly moving and complex world. In order to deal with it, we need shortcuts. We cannot be expected to recognize and analyze all the aspects in each person, event, and situation we encounter in even one day. We do not have the time, energy, or capacity to process the information; and instead we must very often use our stereotypes, our rules of thumb, to classify things according to a few key features and then to respond without thinking when one or another of these trigger feature are present (Cialdini 6). While this makes people highly susceptible to a propagandist who understands persuasion, in general it is the most efficient for of behaving, and in other cases it is simply necessary. Additionally, propaganda includes the reinforcement of societal myths and stereotypes that are so deeply embedded within a culture that it is often difficult to recognize the message as propaganda."
Our media has become increasingly centralized and has been taken over by the billionaire oligarchy. Corporate Propaganda media is controlled by 15 billionaires ahem oligarchs
Here are some organizations that look into corruption and do investigative journalism:
International Consortium of Investigative Journalist (the people who broke the Panama Papers, Pandora Papers and just last week Cyprus Papers)
The Signal Network (Whistle blowers)
Anti Corruption Data Collective
Global Investigative Journalism Network
International Journalist Network
Future Crunch (positive news)
International Federation of Journalist
I will leave with this video which encompasses how wide spread this problem is: This is extremely Dangerous to Democracy
Welcome! Sadly reddit has been suppressing DRS talk for awhile now but luckily we found a place to discuss and push for more advocacy
As we have been on this journey for the last 2 and half years we have accumulated knowledge regarding market structure, hedge fund influence, loopholes utilized to manipulate price, and how to own shares in our own name. We have been beaten down by corrupt mods and have had to migrate a few times during this journey. We are harassed and mocked by corporate propaganda channels. We have been confined and our voice limited but our will to change how our market works will not be diminished. We need to find new ways to fight against Wall Street and expand our voice. One of the ways to give more credibility and resilience to the movement is to create an Activist Investor Group.
An AIG is a group of investors or in many cases hedge funds that utilize their share power to restructure corporations in a variety of ways. One such way is by using their shares to change the board of directors. This allows the group a direct voice in decision making in the company and how policies should be made. Most of these activist investor groups have been facing off against climate change in order to change company policy regarding its impact on the environment. I have compiled a small list of Activist investor groups so you can read what they do and the impact they have.
SOC investment Group ShareAction
“Follow This submitted another resolution, this time asking Shell to align its emission targets with the Paris climate agreement. Shell directors call this proposal a ‘fundamental misunderstanding’ and ‘unreasonable’, but 6% of shareholders voted in favour of it, double that of 2016.”
“Our money should power social progress. We hold shares in some of the biggest companies and every year, we organise questions at annual general meetings (AGMs) to challenge them on the issues that matter. We also gather together individual and institutional investors to co-file resolutions on specific topics at companies to demand change.”
There are many instances where Activist Investor Groups write a letter to the board and cause changes in the board makeup.
At Kohl’s an AIG with 10% of the shares cut down board nominees.
SpartanNash had to fight off an AIG with 5% of shares that sought to replace board members.
Exxon, Chevron, Shell all have faced off growing AIGs that seek to reform the company from the inside. With their collective power they continue to combat greedy wall street execs in order to gain their own power within the company. When searching about AIG there are many articles that present them in a negative light. Including this article about Exxon where the climate group was able to gain a couple board seats.
Activist investing is seen in a poor light by many as you are challenging the status quo. MSM put out articles bashing groups that look to utilize their share power to change a company. Many consulting groups put out guides on how to protect against activist investors. As we have experienced, directors are a way for hedge funds to control a company bringing it down from the inside. What if a group of investors that band together in common interest does the same thing? With a collective might we will be able to have a direct say in a company and influence decision making including decisions such as an NFT dividend.
Here is an article by Harvard Law that talks about shareholder Activism. CFI also discusses what shareholder activism is and even mentions Carl Icahn. The SEC released a paper called: “Proxy Access Reform: The SEC Makes It Potentially Easier for Shareholders to Nominate Directors” regarding shareholders and their role in appointing directors. There does not seem to be much material regarding shareholder groups as most of activist investors are either a hedge fund or a person such as Carl Ichan and Ryan Cohen. If we decide this is a path to take we will be trailblazing a new frontier for shareholders.
With an AIG we as shareholders will be able to engage directly with Gamestop and the Board. We will be able to put forward proposals and resolutions communicating our concern. With an AIG it will be a front that can be used to directly engage with the SEC or any other institution on a legal front.
This then leads us to the questions of how do you create such a group? One way is to create a non-profit, then will have to register the group, create branding and a name. Lawyers will have to be involved especially when setting up the bylaws and organization. Where will funding come from and how do we determine the leaders of the group?
We are creating something that has never been done before so we should be innovative in our structure and governance. We have repeatedly seen bad plans and bad actors take advantage of us and hinder any progress. Is there a decentralized structure that can be created? What safeguards can be created to prevent institutions from joining in?
More research is needed and I encourage you all to dig into what is possible with an AIG and how we can best utilize it.