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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBillionaire CEO tells Davos that US schools should use unpaid labor
Blackstone Group's Stephen Schwarzman Says More Money Won't Improve Public Education
By David Sirota
DAVOS, Switzerland -- Private equity investor Stephen Schwarzmann is generally a believer in the power of money, a trait that has netted him billions of dollars worth of that useful commodity. But when it comes to education, Schwarzman says more money is not necessarily a fix for ailing American public schools.
Despite the financial industry arguing that high pay on Wall Street is needed to retain and develop talent, Schwarzman suggested a potential solution for America education challenges could be unpaid labor.
Ive always wondered, what you do in a society with people who just retire, he told conference attendees. If you could get those people, like a board, [to be an] unpaid workforce, pay them next to nothing or nothing, and have them go into the school system to be mentors to kids, and be an example of a certain type of success that you would get dramatically different outcomes. If you can get unemployed people that cost nothing, that can have this dramatic difference, that costs nothing. I love things that cost nothing that have great results. Imagine if you laid on technology and other types of things, you could really set the world on fire with this type of stuff.
Schwarzman touted Ohio Gov. John Kasichs efforts to let religious groups run unpaid student mentorship programs in public schools. Kasich has moved to make extra education funding contingent on schools supporting those programs, a move the American Civil Liberties Union says might be unconstitutional.
http://www.ibtimes.com/blackstone-groups-stephen-schwarzman-says-more-money-wont-improve-public-education-1792794?utm_content=buffer44a16&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Schwarzman was the guy who likened tax increases to Hitler invading Poland.
arcane1
(38,613 posts)I have a feeling this lunatic has absolutely no idea how the real world works.
octoberlib
(14,971 posts)The tumbrels will be coming for this guy first.
arcane1
(38,613 posts)Like he thinks they have all of their needs met, but just choose not to work for some reason.
roguevalley
(40,656 posts)to make ends meet. Fuck him.
Ed Suspicious
(8,879 posts)icymist
(15,888 posts)"See kids? I live in a box and eat garbage. This billionaire guy says that I should be your mentor and teach you how to live the same way that I do."
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I swear that too much money kills off some peoples' brains! What an idiot!
VanillaRhapsody
(21,115 posts)I think it was called SLAVERY!
project_bluebook
(411 posts)and that makes them public enemy number one.
daleanime
(17,796 posts)nothing for you.
onehandle
(51,122 posts)When the time comes...
paleotn
(17,912 posts)hobbit709
(41,694 posts)PADemD
(4,482 posts)instead of that damn charging bull.
Ed Suspicious
(8,879 posts)Ilsa
(61,695 posts)the working poor is becoming?
onehandle
(51,122 posts)Not a moment sooner.
meow2u3
(24,761 posts)Unpaid labor ought to build the guillotines to use on filthy rich slavedrivers because advocating slavery ought to be a capital offense. Than the "unpaid" labor gets to divvy up the billionaires' fortunes among the community, starting with the neediest and most vulnerable.
Generally, I oppose the death penalty, but in the case of billionaire slavedrivers, I'll have to make an exception.
bemildred
(90,061 posts)Or does this moron labor under the illusion that he is irreplaceable?
SammyWinstonJack
(44,130 posts)catnhatnh
(8,976 posts)...may I suggest you hang yourself?
shenmue
(38,506 posts)but give me five minutes and a baseball bat...
Okay, just a daydream.
Ramses
(721 posts)evil greedy cretin. Repatriate all of his wealth that he stole from labor and put his ass in solitary confinement for 30 years.
DonCoquixote
(13,616 posts)Thanks to what you and your ilk have done, NOBODY "retires", even people who should will have to be greeters at wal mart just so they can afford cat food.
SheilaT
(23,156 posts)I've been saying for years that people generally shouldn't do volunteer work, but should be paid for what they do. I myself do volunteer work at the local homeless shelter, and I've done other volunteer work in other places.
But after doing some serious volunteer work in my oldest son's first grade classroom, I decided that the schools should be paying for all their labor, so I stopped volunteering. Many here may disagree with me, because very few school systems have enough money, but how much even the very good ones depend on volunteers is scary.
And yeah, let's run Wall Street with volunteers.
JDPriestly
(57,936 posts)I like that. No more commissions on our 401(K)s and IRAs. Good idea.
laundry_queen
(8,646 posts)If everything else can be run with volunteer labor, than so can Wall street.
Enthusiast
(50,983 posts)sadoldgirl
(3,431 posts)presidential candidate who liked to fire people.
He was not an average income earner either.
lunasun
(21,646 posts)rhett o rick
(55,981 posts)ladjf
(17,320 posts)rhett o rick
(55,981 posts)Jeff Murdoch
(168 posts)rhett o rick
(55,981 posts)capitalism will destroy itself. I am curious what the last stages would be.
KingCharlemagne
(7,908 posts)ND-Dem
(4,571 posts)people who work for nothing or next to nothing. It's called AmeriCorps.
brewens
(13,582 posts)response to the illegal immigrant controversy. If we were going to kick all of them out, just what were we to do? My answer was to use able bodied unemployed people to harvest the crops. Of course it wasn't going to be only poor unemployed people. I meant anyone not employed full time and especially wealthy college kids or trustfund babies! We'd cut their summer vacation short, drag them out of the vacation home and put their ass on a bus to go help pick crops!
bulloney
(4,113 posts)They essentially create an economic house of cards with their investment methods because there is nothing of substance to support them. But little people should work for little, if anything, because otherwise, that would cost him and the other leaches in the 1% Club more taxes.
I think it's time to break out the guillotines. I don't think we even need to sharpen them. If it takes a few whacks to get the job done, then so be it.
Nay
(12,051 posts)Mf. As someone else said, go get him first.
abelenkpe
(9,933 posts)Financial bloggers here suggesting the same thing. (Mish's site and zerohedge)
They think what's missing from schools is love not money. That people who truly want to teach dont need money for it. Same for artists, firemen, etcetera. It's a delusion fashionable with the wealthy. Really it's just rich people trying to find an excuse to continue to enjoy and justify low, low taxes.
Snotcicles
(9,089 posts)Yavin4
(35,438 posts)where have I heard this before? Sounds awfully familiar.
sakabatou
(42,152 posts)Bettie
(16,104 posts)I think this guy might prefer serfs. They owe him everything, but he's not expected to feed or house them, just to benefit from their unpaid labor...until they die.
meow2u3
(24,761 posts)Slaves who not only regarded as their masters' property, but treated as if they were the house, trees, and other plants and inanimate objects on the property.
Bettie
(16,104 posts)All the ownership, none of the responsibility.
If the serfs don't work hard enough, you kill enough to make them too scared not to give it their all.
If they die, well, not your problem, the others just have to work harder since the work quotas don't change.
AND you get to keep ALL the money!
So, are they evil, clueless about actual real people's lives, or both?
newfie11
(8,159 posts)The war we have to fight is the one paid for by the oligarchs. They are so removed from reality it's pathetic. I truly feel some are sadistic psychotics who enjoy watching people suffer and children starve.
If this continues welcome to the new world order run by psychos that care only about money!
GReedDiamond
(5,312 posts)...no good to anyone but himself.
This asshole is why the Parasite Class should be taxed into oblivion.
barbtries
(28,793 posts)i mean, really? i think my blood pressure went up reading this.
Dawson Leery
(19,348 posts)Make the hedge fund shysters pay as they contribute nothing to the greater good of society.
Curmudgeoness
(18,219 posts)I suggest that he do the volunteering. Make sure it is in one of the inner city schools where they really need it, and where can definitely show the kids how to succeed. I mean, really, he doesn't want us losers to be setting the examples, does he?
JDPriestly
(57,936 posts)about volunteering in the schools.
I think that managing elderly volunteers in between heart attacks could be a huge distraction in the public schools.
Many of us do volunteer in our communities. Many of us take care of our grandchildren.
Schwarzmann should be the first to volunteer. And he should agree to live on Social Security income alone while he is doing it.
Lifelong Protester
(8,421 posts)he goes first.
PSPS
(13,595 posts)elleng
(130,895 posts)'Schwarzman was raised in a Jewish family[5][6] in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman. His father owned Schwarzman's, a former dry-goods store in Philadelphia.[7]
Schwarzman attended the Abington School District in suburban Philadelphia and graduated from Abington Senior High School in 1965.[8] He attended Yale University during the same period as George W. Bush, one year behind him (both were in the Skull and Bones society)[9][10] and graduated in 1969. He then went on to Harvard Business School and graduated in 1972. . .
In June 2007, Schwarzman described his view on financial markets with the statement: "I want war, not a series of skirmishes... I always think about what will kill off the other bidder."[19]
In August 2010, Schwarzman compared the Obama administration's plan to raise carried interest taxes to Hitler's invasion of Poland in 1939, a comment for which Schwarzman later apologized. . .
In 2004, Schwarzman donated a new football stadium to Abington Senior High Schoolthe Stephen A. Schwarzman Stadium.[39]
On March 11, 2008 Schwarzman announced that he contributed $100 million toward the expansion of the New York Public Library, for which he serves as a trustee. The central reference building on 42nd Street and Fifth Avenue was renamed The Stephen A. Schwarzman Building.'
http://en.wikipedia.org/wiki/Stephen_A._Schwarzman
Jerk should know better, and I hope his parents have been informed and are ashamed of him for this.
mackerel
(4,412 posts)If so I don't want this guy anywhere need my kids.
MisterP
(23,730 posts)the lushest noble d'épée, the most indolent half-reformist queen, the suck-uppiest tax farmer, the boot-lickingest ambitious junior officer couldn't do one-twentieth the damage we've let these rentier assholes make every time they so much as check their portfolio
Tsiyu
(18,186 posts)"ME. I get it all. You? You get nothin' and nobody else gets nothin', see?
I get ALL the money. It's ALL for me, got it yet?
Because I'm fucking Schwarzman, thats why!"
These bejillionaires are starting to sound like Mafiosi.
Jack Rabbit
(45,984 posts)Said Mr. Rabbit, "Those fat, shiftless bastards with bloated egos who had their brains removed at an Ivy League business school aren't worth the money you pay the mail room clerk. The best thing to do with them is to let them stay where they are in a penthouse suite not doing anything productive, only from now when ever one writes an idea down on paper, just throw it away unread. That way they'll do no more harm and won't have their precious, fat head bruised."
SunSeeker
(51,550 posts)2naSalit
(86,597 posts)I wish we could force them onto a boat and send them out to the trash island in the Pacific and leave the there without any way to get back.
hollysmom
(5,946 posts)My sister and her husband volunteer to help children who have problems reading. a 1000 miles north in my town, I had offered to help anyone with math issues, like a tutoring position, but I was told it was only open to someone who was a parent of a student in the school. They are always begging for after school tutors, but only take parents, oh well.
jtuck004
(15,882 posts)with Timothy "Killer" Geithner, here, in which Stewart gets into the current plan to enrich the bank$ters on the backs of the people in THIS country. Tens of millions driven into economic ruin, millions of families who lost their homes to predatory lenders, disabilities and deaths as a result of these actions......with a ton of excuses as to why money can't be invested to offer them opportunity, while we read headlines about the record profits at the banks, and the rest keep their jobs, and homes, and stocks, and comfort in varying degrees.
Then he tries to spin it otherwise. Watch as voters laugh at his face.
About 50 million people in this country have been deliberately ignored while propping up the rest. Unemployed, hungry, or even working and still needing relief, we pretend that there is no way to find funds to provide them with opportunity, and that props up the value of our properties and money. We refuse to invest in them like we did in the past, and instead cheer a shrinking deficit that insures, among other things, more unemployment among those of color and a harder life for many.
The people then shake their fists at the billionaire. From the comfort of their lazyboys, which they still have because they let millions of their neighbors fall under the bus, and are keeping them there.
He may be a repulsive human being, may have taken it to a scale much larger, but at least he stands on a stage and says what he thinks, instead of hiding behind excuses.
Like the song goes. "He ain't the worst thing in the world."
Unknown Beatle
(2,672 posts)Just like you sitting on your ass while reaping billions off the backs of hard working people. It costs you nothing but the results are great. Our government throws our hard earned money at you for wreaking our lives and it cost you nothing but glee to see people suffer. And yet, here you are, wanting people to be your slaves, working for free.
You don't have a damn clue, asshole. To you and your well-off friends, keep it up and see what happens when we're fed up. Believe me, we're so close to sharpening the guillotine we can see it sparkling.
WinkyDink
(51,311 posts)Initech
(100,068 posts)And why should we let religious groups control these horrible slave labor programs? What good would come of that? When do we break out the guillotines?