Quote:
Originally Posted by Bruegel
The most intelligent contribution in this thread, though largely unnoticed. The rest of the thread equals infighting within that pool that's been drained, without mentioning the real reason. Billionaires making $200 millions a day. Billionaires with wealth exceeding some countries total. The ability of this upper crust to buy any political decision, turning democracy into farce. This is what is skewed, in comparison with "the good old days".
That rant about millennials in Mexico not knowing what to do with themselves, is also a result of this polarization. The millennials who struggle cannot go to Mexico and whittle their days away, they have more pressing problems: rent, earnings, debt, inability to start a family. Those who have bottomless parent money, can.
|
This x ten hundred million. (And Avondalist's post quote leading to this one).
Even "highly paid" individuals don't get that.
Those who say "prove you bring in money enough to justify your salary increase request" (or save the company lots of money).
They don't see that if they develop or improve something that, say, saves the company $5m per year, well, sure, they can ask for and might get a $10k bonus or a $10k/yr raise. $10k??
For adding $5m to company's bottom line every year? Sounds like that compensation is grossly "undervalued". They've gotten short-changed and don't even realize it.
Why don't they get a raise or bonus equal to, say, 10% of the savings they "made" for the company?
Seems to me that type of "added bottom line" saving/or raking in deserves a much better compensation (assuming they even got an extra compensation).
Some also tout the glorious illustrious CEOs...stating if they (the CEOs) don't improve the company and it's value, they are expunged.
Sure they are, but apparently those "golden parachute benefits/parting packages don't register.
A new CEO can sign a contract for the job, literally sell off good parts or totally destroy and crash the company in the 3 years (or whatever term) they are "guaranteed paid for"and STILL they can walk away with a multimillion"golden parachute ".. and retire off to a private island.
(Because, you know, they will make sure the destroyed company has enough to actually pay them their "golden parachute".
Speaking of "golden", it comes down to this proverbial phrase:
They've squeezed the goose that laid the golden egg so hard it cannot lay anymore, or they've completely squeezed it till it died.
Great steel magnate Andrew Carnegie DID see the error of his/these ways, or at his participation in those ways.
Almost too late, he began trying to make up for it by gifting his mass money...to the masses. It's the reason we have Carnegie Hall today.
The three Walton family kids (obviously well into adulthood) EACH have about $60-70b (billion with a "B").
That's more money than a single person could probably ever spend in the rest of their lifetime, even if they are frivolous. Unless of course, they overpay for something.. because..you know...the seller realized they had such a fortune!
Another sad note that even though Anderson Cooper did his best to distance himself from the "Commodore Vanderbilt fortune", once he embraced it, and published his book about it/them (his forebearers) he made specific reference to that "in 1900 (not sure the year exactly) ONE out of EVERY TWENTY dollars in the entire country belonged to his family".
He also noted that at that time, his family actually had MORE money than the US Treasury.
It was the later subsequent generations of Vanderbilt descendants that blew all the money.
(Wanna bet the Walton's great and great great, maybe even the great great great grandkids will have blown it all?)
Hmm, smells like a rat in our midst.