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Old 10-06-2019, 06:40 PM
 
430 posts, read 149,829 times
Reputation: 794

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Quote:
Originally Posted by Chas863 View Post
Some people seem to always want a big, bad Boogey Man to rant and rave against. Somehow it makes them feel better to be able to point to someone else and blame them for all of their own shortcomings or for the shortcomings of other people. Moral indignation is a powerful stimulant to one's ego.

What was that old saying? "Don't blame you. Don't blame me. Blame that guy behind the tree."

That will make us all feel better.
Bogey man? You mean the guy increasing cancer medications by 1,000% to make himself rich, off the backs of the sick and dieing? Thereís no bogey man, itís real life examples that greatly affect people. So many examples. This is exactly why white collar executives get off easy, nobody wants to hold each other accountable.
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Old 10-06-2019, 07:17 PM
 
3,595 posts, read 2,438,058 times
Reputation: 2778
Quote:
Originally Posted by guidoLaMoto View Post
A little fact checking: https://www.smithsonianmag.com/scien...ates-46713514/This is not 12th century England where the rich got rich by taxing the peasants and forcing them to pay against their wishes.
"Things could be worse!" I say as my capitalist buddies and I raise prices on basic necessities so that I can extract more wealth from grocery cashiers to pay for my 94th yacht.
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Old 10-07-2019, 04:20 AM
 
Location: The Driftless Area, WI
3,096 posts, read 1,188,048 times
Reputation: 6848
Quote:
Originally Posted by Matthew_MI View Post
Why should a CEO make a fortune and the workers almost need government aid just for basic living expenses? It’s disgusting.

Maybe those low paid workers should go start their own businesses, taking the risks, going without income for months to yrs, putting their future financial situation on the line. Starting a business is just like a mutation in biology: it's usually deleterious, but one lucky mutation among the dinosaurs and you come up with mammals....Pay is commensurate with rarity of skills and with risks taken. Anyone can push a broom and there's no risk involved.

Quote:
Originally Posted by FrankMiller View Post
"Things could be worse!" I say as my capitalist buddies and I raise prices on basic necessities so that I can extract more wealth from grocery cashiers to pay for my 94th yacht.

Great Liberal argument: fantasy completely ignoring the facts: While we can imagine food getting more expensive, food has in fact gotten less expansive over the years. That's why small farmers are going broke. ...I suppose there could be a lion hiding behind the next lamp post, but it's not too likely.
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Old 10-07-2019, 05:16 AM
 
6,606 posts, read 2,801,475 times
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Quote:
Originally Posted by guidoLaMoto View Post
Maybe those low paid workers should go start their own businesses, taking the risks, going without income for months to yrs, putting their future financial situation on the line.
I see this line all the time, but is it really true for the highest paying CEOs out there?
Did the CEO running JP Morgan, Goldman Sachs, GE, Insurance Companies and so on start the business, put their money and future at risk?

They use other peoples money in the existing company and put other people at risk.


That is way different than a guy starting a small business where most fail.
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Old 10-07-2019, 07:03 AM
 
430 posts, read 149,829 times
Reputation: 794
Quote:
Originally Posted by guidoLaMoto View Post
Maybe those low paid workers should go start their own businesses, taking the risks, going without income for months to yrs, putting their future financial situation on the line. Starting a business is just like a mutation in biology: it's usually deleterious, but one lucky mutation among the dinosaurs and you come up with mammals....Pay is commensurate with rarity of skills and with risks taken. Anyone can push a broom and there's no risk.

Those CEOs have it SO hard

Many of the large cap companies were founded decades ago. The CEO comes in to a well established business. CEOís do not have rare skills....

The board of directors is a get rich quick club. Why do they give the CEO a golden parachute when they perform poorly?
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Old 10-07-2019, 07:38 AM
 
3,595 posts, read 2,438,058 times
Reputation: 2778
Quote:
Originally Posted by guidoLaMoto View Post
Maybe those low paid workers should go start their own businesses, taking the risks, going without income for months to yrs, putting their future financial situation on the line. Starting a business is just like a mutation in biology: it's usually deleterious, but one lucky mutation among the dinosaurs and you come up with mammals....Pay is commensurate with rarity of skills and with risks taken. Anyone can push a broom and there's no risk involved.
Firstly, our society depends on people pushing brooms around, moreso than it depends on layoff artists. Your suggestion is that everyone should become a CEO or something, but if that happened society would collapse. The reality is that pay is based on leverage, not value to society. (Ignoring for the moment that your "everyone should just gamble more!" strategy is an obviously illogical non-solution on the face of it.)
Quote:
Originally Posted by guidoLaMoto View Post
Great Liberal argument: fantasy completely ignoring the facts: While we can imagine food getting more expensive, food has in fact gotten less expansive over the years. That's why small farmers are going broke. ...I suppose there could be a lion hiding behind the next lamp post, but it's not too likely.
Food has gotten less expensive, which retailers accomplish by bleeding workers dry. That's my point. I'm not sure why you think "small farmers are going broke" (also local rural general stores, etc.) is a defense of the status quo.

Quote:
Originally Posted by Matthew_MI View Post
Those CEOs have it SO hard

Many of the large cap companies were founded decades ago. The CEO comes in to a well established business. CEOís do not have rare skills....

The board of directors is a get rich quick club. Why do they give the CEO a golden parachute when they perform poorly?
It's more of a "stay rich forever club"; it's not like you can get into the BoD without being rich in the first place. "It's not what you know, it's who you know," and these guys all know each other from when their daddies bought them into Yale.
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Old 10-07-2019, 12:35 PM
 
9,961 posts, read 6,582,315 times
Reputation: 18849
Quote:
Originally Posted by txbullsfan View Post
After you read the article, some questions:

1. Is the United States economy incredibly capitalistic overall?
2. In effect, is our economy incredibly predatory overall?
3. Is Dan Price's mindset common among CEOs and top income earners or is it unique?
4. Do the statistics show we have a growing income inequality problem here in the US?
5. According to Dan Price's mindset and multiple studies, is growing income inequality harmful to people and ultimately society?
6. Is Dan Price showing that income inequality is a more manageable issue and that it is possible to reasonably address?
7. Would it be possible for other CEO's and the top 5% of income earners to do what Dan Price did?
8. What happens when we try to reasonable address income inequality like Dan Price did?



And, exactly what did "income equality" do for Venezuela, Russia and the rest of the Socialist and Communist countries?????????


Look what is happening in Hong Kong!



I want to live in a country where hard work, education and common sense are rewarded, not penalized.


Socialism and Communism will NEVER be welcome in the United States of America!
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Old 10-07-2019, 01:22 PM
 
3,595 posts, read 2,438,058 times
Reputation: 2778
*puts envelope to head, Carson-ly*

Venezuela, Russia, China, the United States.

*reads*

Four countries where a small group of elites run the country for their own benefit while answering to no-one but themselves.
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Old 10-07-2019, 02:14 PM
 
158 posts, read 105,547 times
Reputation: 340
Quote:
Originally Posted by FrankMiller View Post
*puts envelope to head, Carson-ly*

Venezuela, Russia, China, the United States.

*reads*

Four countries where a small group of elites run the country for their own benefit while answering to no-one but themselves.
Not exactly. Trump and associates seem to be doing a hell of a lot of "answering" these days... much to the chagrin of the left who can't stand the fact that their accusations of wrongdoing have been shown to have no merit.

But yet only one of those four countries is a capitalistic country and, not by coincidence, that same country has a vastly higher standard of living and greater freedoms for the middle class and even for the lower (economic) class than the other three. Heck, our welfare recipients live better than the middle class of the other three countries. Ya think that capitalism might have something to do with it?

I hate to disappoint you (not really), but the left has failed at everything they've tried to hang on Trump. We would all be better off if the Dems were as concerned about making things better in this country instead of trying to block Trump at every turn and trying to undo the results of the 2016 election.

Well, enough of the politics. This thread was nothing but a political thread from the beginning. It was simply (thinly) disguised as being about "Economics".
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Old 10-07-2019, 02:27 PM
DKM
 
Location: Thousand Oaks, CA
3,333 posts, read 1,156,836 times
Reputation: 3109
Well to be fair any thread about market intervention ("addressing" incomes) is going to have a political bent. How else do you intervene in the markets besides using the government to do it?
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