PPCC: Pisitófilos Creditófagos. Primavera 2025

[Derby]

https://www.barchart.com/story/news/32661679/your-house-is-not-an-asset-rich-dad-poor-dad-author-robert-kiyosaki-warns-on-dangers-of-home-ownership

‘Your House is Not an Asset’: Rich Dad Poor Dad Author Robert Kiyosaki Warns on Dangers of Home Ownership


Dubai, UAE - May 19, 2024 Close-up of Robert Kiyosaki and Sharon Lechter's Rich Dad Poor Dad book on a wooden table by Hamdi Bendali

In his influential book Rich Dad Poor Dad, Robert Kiyosaki famously declared, “Your house is not an asset.” This assertion challenges conventional financial wisdom, which often regards homeownership as a cornerstone of wealth building. Kiyosaki's perspective is rooted in his broader philosophy that emphasizes financial literacy and the importance of distinguishing between assets and liabilities.

Kiyosaki defines an asset as something that puts money into your pocket, while a liability takes money out. Under this framework, a primary residence - which typically incurs ongoing expenses such as mortgage payments, property taxes, maintenance, and insurance - qualifies as a liability rather than an asset.

The author elaborates on this viewpoint in his article titled "Rich Dad Scam #6: Your House is an Asset," where he discusses how the misconception of a home as an asset can lead individuals to make financial decisions that hinder wealth accumulation.

This perspective has sparked considerable debate, particularly in light of recent economic developments. The housing market has experienced significant fluctuations, with rising interest rates and property taxes increasing the cost of homeownership. These factors underscore Kiyosaki's argument that a personal residence, while providing shelter and potential long-term appreciation, does not generate immediate income and therefore should not be considered an asset in the traditional sense.

Thirty-year mortgage rates are currently teetering around their highest point since the early 2000s. On some days, 30-year rates are clearing 7%. According to Zillow, the median home value in the U.S. is just under $370,000. That means anyone buying a home would be spending $25,900 per year in interest for their first year - and that doesn’t include insurance, property taxes, repairs or other costs.

Breaking down the expenses in this light makes the commitment a bit less appealing. The counterpoint to this, obviously, is that there are very few alternatives to buying. Renting, for example, will cost roughly the same per month - except you probably have less square footage, no yard, and that money all goes to a landlord instead of building equity.

However, Kiyosaki counters that these benefits are speculative and do not provide the immediate financial returns associated with true assets. He encourages individuals to critically assess their financial decisions and consider the long-term implications of their investments.

All of this said, Kiyosaki doesn’t dismiss the value of real estate entirely; instead, he distinguishes between personal residences and income-generating properties. He advocates for investing in assets that produce cash flow, such as rental properties, which can provide a steady income stream and potential tax benefits. This approach aligns with his broader financial philosophy, which emphasizes the importance of acquiring assets that contribute to financial independence and wealth accumulation.

Robert Kiyosaki's assertion that "your house is not an asset" serves as a provocative challenge to traditional financial beliefs. By redefining assets and liabilities in terms of cash flow, he urges individuals to reevaluate their financial strategies and focus on investments that generate income. This perspective, while controversial, offers valuable insights into wealth building and financial independence.

[Derby]

https://www.benzinga.com/news/politics/25/05/45710102/robert-reich-says-ceo-pay-is-up-1085-since-1978-worker-pay-up-only-24-asks-why-is-it-always-we-cant

Robert Reich Says 'CEO Pay Is Up 1,085% Since 1978,' Worker Pay Up Only 24%. Asks, Why Is It Always 'We Can't Afford Workers,' But Never CEOs?

Robert Reich, who served as labor secretary under President Bill Clinton, called out what he sees as a glaring contradiction in corporate America: skyrocketing CEO pay alongside stagnant wages for everyday workers.

“CEO pay is up 1,085% since 1978, while typical worker pay is up just 24%,” Reich wrote May 24 on X. “Why do we always hear ‘we can’t afford to pay our workers more’ but never ‘we can’t afford to pay our CEO more’?”

A Growing Pay Divide

Reich’s post drew on data from a 2024 report by the Economic Policy Institute, which shows that while CEO compensation dipped in 2023, the long-term trend is unmistakable: executive pay has exploded over the last four decades.

In 2023, CEOs at the top 350 U.S. firms earned 290 times more than the average worker. That's a huge jump from 1965, when the ratio was just 21 to one.

The report also found that CEO compensation has increased far faster than even the earnings of the top 0.1% of wage earners, indicating it’s not just about market competition for talent. “CEO compensation reflects substantial ‘rents’ (income in excess of actual productivity),” the authors wrote.

One reason for this, the report says, is that CEOs have more sway over their pay than most workers do. Their compensation is heavily tied to stock performance and negotiated with corporate boards that often lack independence. In 2023, stock-related pay made up 77.6% of total CEO compensation.

Meanwhile, average worker pay has only seen a modest increase, just 24% since 1978, despite a 74.8% rise in overall productivity during that time.

Policy Proposals to Close the Gap

The EPI report says this imbalance is a key driver of income inequality. “If very high earners hadn’t pulled away so dramatically, there would be room for broader-based wage growth for the rest of the workforce,” it notes.

To rein in executive pay, the report suggests policies such as raising taxes on top incomes, tying corporate tax rates to CEO-to-worker pay ratios, and giving shareholders more power to approve or reject executive compensation packages.

Reich's post comes amid broader conversations about wage fairness, labor strikes, and inflation. His question touches a nerve in today's economy: why is there always money for the top, but not for the base?

[Benzino Napaloni]

El Tom Burns Marañón es de los de " quien pueda hacer que haga", y menudos comentarios, " la anti-España" y eso.

Otro más que piensa que España es su feudo y de los de su clase,  y los demás estamos de prestado en "lo que es suyo".
Y encima de apellido anglo.

Edito porque resulta que también es Oficial de la Orden del Imperio Británico, como la Espe, y además nieto de un conspicuo liberal como Gregorio Marañón, cuya familia estaba estrechamente relacionada con adalides del integrismo como Menéndez Pelayo.

Debería haber una ley que clasificase a esta gente como agentes extranjeros.

En clave más local, está claro que el personal no tiene memoria.

Sánchez por supuesto que no es perfecto. La oposición tiene todo el derecho del mundo a aspirar al poder. Pero recuerden 2011. Zapatero caca, Zapatero Satanás, Zapatero tiene la culpa de todo... y en 2015 Rajoy se pegó una toña gorda. Perdió más escaños que con el 11-M. Sólo se salvó porque el PSOE se llevó otra galleta aún peor, cuando casi le adelanta Podemos. Rajoy acabó reteniendo el poder de penalti, pero en minoría y en riesgo de moción de censura, que es lo que al final pasó.

Es decir, en 2015 ni Cristo se acordaba de Zapatero. Y se le echó en cara a Rajoy que era un pusilánime, y con razón. Y esa vez había una crisis económica del copón. Si el plan de Feijóo es hacer un Zapatero a Sánchez, incluso si lo consigue va a tener que hacer mucha guerra sucia y propaganda para retener el poder más de una legislatura.

El riesgo de llegar al poder sólo rajando del que has echado para ponerte tú, es que si no tienes más argumentos, en cuanto que se olviden del ex van a empezar a apuntarte a ti.

[Cadavre Exquis]

https://www.pressreader.com/spain/Cinco-Dias/20250531/page/2/textview

La estrategia pública de empezar la piscina por el trampolín

https://elpais.com/economia/2025-05-30/por-que-ha-fracasado-el-macrofondo-de-las-pensiones-de-escriva-no-le-interesa-a-nadie.html

Saludos.

[Cadavre Exquis]

https://cincodias.elpais.com/companias/2025-05-30/amancio-ortega-cierra-la-compra-de-la-sede-de-planeta-en-barcelona-por-250-millones.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/Cinco-Dias/20250531/page/14/textview

La cartera clásica de Bolsa y bonos se reivindica para ganar más del 5%

https://www.pressreader.com/spain/Cinco-Dias/20250531/page/16/textview

Europa gana nuevos campeones bursátiles con los altibajos de Wall Street

https://cincodias.elpais.com/mercados-financieros/2025-05-30/la-bolsa-y-el-ibex-35.html

https://www.pressreader.com/spain/Cinco-Dias/20250531/page/19/textview

El euríbor prolonga su racha de caídas y abarata las hipotecas en más de 1.600 euros anuales

https://cincodias.elpais.com/fondos-y-planes/2025-05-30/los-fondos-de-bolsa-internacional-borran-en-mayo-casi-todas-sus-perdidas-anuales.html

https://cincodias.elpais.com/fondos-y-planes/2025-05-31/el-tapado-de-buffett-en-espana-la-gestora-de-la-familia-urquijo-bate-a-todos-sus-rivales.html

https://www.pressreader.com/spain/Cinco-Dias/20250531/page/22/textview

Sacyr remonta apoyada en un negocio sin presión arancelaria

Alessandro Tentori: “Hay que ser prudente con los bonos soberanos, puede que ya no sean estratégicos”

Saludos.

[Cadavre Exquis]

https://elpais.com/economia/2025-05-31/la-recaudacion-tributaria-se-dispara-en-abril-por-la-correccion-de-las-sentencias-en-el-impuesto-de-sociedades.html

https://elpais.com/economia/2025-05-30/la-inflacion-se-modera-en-mayo-al-19-pese-al-aumento-de-la-factura-de-la-luz-tras-el-apagon.html

Saludos.

[Cadavre Exquis]

https://elpais.com/internacional/2025-05-30/trump-sostiene-que-sin-aranceles-estados-unidos-estaria-en-peligro.html

Saludos.

[Cadavre Exquis]

https://elpais.com/internacional/2025-05-30/trump-y-musk-comparecen-en-el-despacho-oval-para-explicar-el-adios-del-magnate-a-la-casa-blanca.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/Cinco-Dias/20250531/page/37/textview

Ni Trump frena el apetito por la renta variable

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/Cinco-Dias/20250531/page/38/textview

El cambio que está democratizando la inversión inmobiliaria

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/Cinco-Dias/20250531/page/39/textview

El ingeniero que quiere quitarle la soberanía espacial a Elon Musk

Saludos.

[Cadavre Exquis]

https://cincodias.elpais.com/opinion/2025-05-31/la-bolsa-china-favorece-a-los-zorros-frente-a-los-erizos.html

Saludos.

[saturno]

Debería haber una ley que clasificase a esta gente como agentes extranjeros.

The fight for Hungary’s future: sovereignty or subjugation?
Par Esha Krishnaswamy − 19 mai 2025 − Source Le blog de Thomas Fazi

v/EN  https://www.thomasfazi.com/p/the-fight-for-hungarys-future-sovereignty
v/FR https://lesakerfrancophone.fr/la-lutte-pour-lavenir-de-la-hongrie-la-souverainete-ou-la-soumission

Viktor Orbán’s first rift with the powers-that-be in Brussels and Washington came with the cancellation of the Central European University, an educational institution funded by the legendary George Soros. Soros and his many non-profits have worked to undermine sovereignty and interfere in elections worldwide. They funded many political parties and news media in Ukraine before the horrific events of Maidan in 2014.

In 2017, the Hungarian parliament passed a law stating that for foreign universities to operate in Hungary, they must also be a qualified institution in their home country and offer similar degree programmes. Of course, the Central European University, which offered a plethora of non-degree programmes, has no counterpart in the United States.

Later, China’s Fudan University took over the project, further enraging the powers-that-be in the West. At this time, a plethora of hysterical articles calling Orbán “non-democratic” and “authoritarian” started being published in a variety of Western newspapers such as the New York Times and Politico.

In 2017, Hungary also began to strictly regulate a whole host of media outlets that were funded by the National Endowment for Democracy (NED) and Open Society, whose outlets have spread colour revolutions and violent coups in a range of countries, from Bolivia to Myanmar to Ukraine. Repeated articles in the Western press dubbed it an “assault on free speech”. The Council of Europe Commissioner for Human Rights also called it an attack on the free press.

Viktor Orbán further began to turn away from EU policies, which include mandated privatisations and no price discrimination, which is code for driving local manufacturers out of business. Instead, he joined China’s Belt and Road Initiative (BRI), with plans to build high-speed rails from Budapest to Belgrade.

[asustadísimos]

[Dos grandes aportaciones de Derby, hoy, que aunque son conocidas siempre está bien recordar. He encontrado fuentes:

• Kiyosaki, el gurú de los 'ingresos pasivos'.— «Tu casa no es un activo»:
https://www.transicionestructural.net/index.php?topic=2625.msg243662#msg243662

https://www.richdad.com/your-house-is-not-an-asset

• CEOs are getting paid more because of their leverage over corporate boards, not because of their skills or contributions they make to their firms.— Los supersalarios de los trabajadores-directivos son gastos contra el Capital:
https://www.transicionestructural.net/index.php?topic=2625.msg243663#msg243663

https://www.epi.org/publication/ceo-pay-in-2023/

Nosotros, a lo nuestro: lo de las dos curvitas cruzándose en el éter es una ESTAFA.]