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What risk, NJBest? He has NO money invested. Most get stock options so cheap if stock fell 75%, they would be in the black. He has no more risk than any other employee.
That's completely false. Most CEOs have significant amounts of money invested... often their entire life savings. Only fortune 500 companies and the alike have CEOs with little invested.
It is time to revise the antiquated,complex,and destructive tax codes.
If the new sentiment established by the political right is to have more people participate in sending the irs checks, than do this uniformly accross the board.
We can do this by establishing a flat progressive tax code-----nobody escapes totally. It just gets tiring seeing that too many people that should be paying taxes arent----this includes everyone----especially multi millionaires and billionaires who employ the best tax attorneys they can find to manipulate loopholes and international channels to avoid taxes. These are the same people that claim to be firmly entrenched in the zealot movement-----i.e.---sing the praises of debt reduction and than do all we can to make sure we dont pay a dime to the irs.
Oh OK, that makes sense. So the solution to our unemployment problem is to hire more CEOs. You should call Obama.
You don't hire CEOs.... but yes, it would help the situation if there were incentives for more people to start businesses and become their own CEOs that can in turn hire recent college grads.
How do you figure? A CEO creates jobs. That helps society and creates additional tax revenue. The average citizen takes up a job. Which one is more selfish?
You are a small business owner, so I understand your blatant bias.
Look, if GE pays minimal taxes on their billions and billions of revenue, while my dad gets an additional $3000 on his tax return for child credits, who's hurting the country more?
Maybe that's the difference here in our opinions. I'm not talking about your mom-and-pop shops on Main Street. I'm talking about massive corps who hire entire accounting departments to find tax loopholes.
You are a business owner, so I understand your blatant bias and delusion. Quite frankly, I think you give yourself way too much credit for what you contribute. Beware, this is the path where most sociopaths begin.
Look, if GE pays minimal taxes on their billions and billions of revenue, while my dad gets an additional $3000 on his tax return for child credits, who's hurting the country more?
I can say the same thing about a citizen. A citizen robs a bank and steals $1,000,000 while a CEO risks his entire life-savings to start a business in hopes of making that much. Who's hurting the country now?
The last 3 corps I have been at (all Fortune 1000, some 100) had next to no executive equity invested, excluding stock options which on average were "exercised" at under 25% of the stock price at date issued. So I'd challenge you to come up with data on their investment, NJBest. Investments made at open market stock price, BTW. Ted Baxter could not lose paying 25 cents on the dollar (although I do know a few execs who gave that assumption a good "run" (LOL).
I can say the same thing about a citizen. A citizen robs a bank and steals $1,000,000 while a CEO risks his entire life-savings to start a business in hopes of making that much. Who's hurting the country now?
You are wasting my time with stupid hypotheticals. Are the vast majority of citizens criminals robbing banks of millions? No. Are most major corps paying minimal taxes on their revenue, in turn robbing government of funding? I would bet YES. Do you see the disparity here?
I swear to god, if you post another dumb hypothetical response pulled deep from within your arse, I'm reporting your post for stupidity.
The last 3 corps I have been at (all Fortune 1000, some 100) had next to no executive equity invested, excluding stock options which on average were "exercised" at under 25% of the stock price at date issued. So I'd challenge you to come up with data on their investment, NJBest. Investments made at open market stock price, BTW. Ted Baxter could not lose paying 25 cents on the dollar.
You're single out specific corporations to make a general statement about all CEOs. And at that, you're looking at public, multimillion-dollar companies. Take a look at all the mama-papa shops, restaurants, and agencies that don't bring in outside CEOs. There are significantly more small business CEOs than there are fortune 500 CEOs. You cannot choose the worst CEOs to make a general statement about all CEOs. Especially when the worst CEOs are very very few in comparison.
You are wasting my time with stupid hypotheticals. Are the vast majority of citizens criminals robbing banks of millions? No. Are most major corps paying minimal taxes on their revenue, in turn robbing government of funding? I would bet YES. Do you see the disparity here?
I swear to god, if you post another dumb hypothetical response pulled deep from within your arse, I'm reporting your post for stupidity.
You aren't getting it. You're selecting a small number of CEOs to make a statement about ALL CEOs. The vast majority of CEOs are not robbing government of funding just like the vast majority of citizens are not robbing banks.
Everyone avoids paying taxes. Individuals and CEOs. Some individuals cheat the system just like some CEOs cheat the system. But most individuals and CEOs do NOT cheat the system. So we cannot make general statements about either. So let's stop calling out CEOs as bad people.
I have to go back to what bobtn alluded at earlier. We need tax reform, and flat tax (with some tweaks) sounds reasonable.
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