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Sarcasm is not your forte is it. I don't want to eliminate the top 1,000. I just want to tax 95% of their income away from them so they will work ever harder to get more then their buddies. They make more and we pay less taxes. That works for everyone.
Sarcasm is not your forte is it. I don't want to eliminate the top 1,000. I just want to tax 95% of their income away from them so they will work ever harder to get more then their buddies. They make more and we pay less taxes. That works for everyone.
No it's not. But how do you suggest on enabling such taxation if the lobbyists have such a stronghold on the government?
You need an economic crisis to get enough people to care.
get real you don't know what you are talking about and prob have not only never seen a contract that you speak to...but didn't even know these issues are contractual with all kinds of issues...you are totally incorrect on the second paragraph and full of sht....just thinking...where do you get the nerve to come on a public forum and post this bs..?
American CEOs are predominantly old white meat who demand a higher salary than those from the region I mention. If your holy free market were actually operating as you are told to believe by your masters, that situation would not be as such. It's an old boys network and, on top of it, the compensation once they are hired has little to do with their performance for the shareholders. I'm sorry that this bothers you so much. Undoubtedly, you are an aspiring multimillionaire CEO, yes? Fear not, with hard work, you will get there, chum.
Why are you so afraid of greedy capitalist slobs that have no loyalty to the people? Do you not recognize the sheer power of the people? Oh that's right, the people don't have that much power, they depend on the market to get fed, clothed, and housed. On top of that they are ignorant, easily manipulated, and they are divided among themselves and they have a difficult time organizing against the slobs.
American CEOs are predominantly old white meat who demand a higher salary than those from the region I mention. If your holy free market were actually operating as you are told to believe by your masters, that situation would not be as such. It's an old boys network and, on top of it, the compensation once they are hired has little to do with their performance for the shareholders. I'm sorry that this bothers you so much. Undoubtedly, you are an aspiring multimillionaire CEO, yes? Fear not, with hard work, you will get there, chum.
It takes a lot more than just hard work to become a multimillionaire.
In the 1950's an average corporate executive earned 20 times what a line worker earned.
Ron Johnson, JC Penney CEO earns 1800 times what his typical employee earns. The average CEO makes 600 times what an ordinary worker earns.
Unbridled greed exists in this country and only someone with zero compassion and a cruel heart can attempt to justify a minimum wage of $7.25 per hour with little or no benefits.
GUESS WHAT...The Republicans want more tax cuts for the wealthy. Grover Norquist of the T Party has even got a majority list of Republicans who have signed a pledge to never vote for another tax increase.....not a dollar.
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And the gap widens between rich and poor and not just in the private sector. Read and weep.
The way I understood it is, the CEO's and bankers claimed that the economy will collapse (essentially holding the economy hostage) unless they don't get paid.
...And that's how it turned out, they got paid, they are every bit as responsible for using the taxpayer money as the government.
...And isn't it the CEO who assumes the risk of business failure? Isn't it the CEO who is supposed to use their talents to keep the company up and running profitably?
Agreed. IF we are going to pay our CEO's 1800 x the average worker or 300X what their own employees make - certainly they should take the blame when the company fails - just like they take the glory (and $$$$$$) when the company does well.
After all, we are paying for all that 'talent'. Just like the Hostess management. Well worth the money.
Most stockholders do not determine what a CEO will be paid. A board of directors ultimately decides CEO pay, anyways. This is why there have been proposals to rectify this by mandating that stockhokders be able to have binding votes on such things.
You also must have missed that the correlation between CEO pay and performance is faint, at best, and, most likely, non-existent. It's an old boys network. If American CEOs were truly hired on a "free market," we would have a glut of Pacific Rim, Asian CEOs who are younger, smarter, better-educated and will work for less. We don't, because CEOs are not hired on that "free market." Boards of directors mostly hire guys that are like themselves, who are in "the club."
Agreed. IF we are going to pay our CEO's 1800 x the average worker or 300X what their own employees make - certainly they should take the blame when the company fails - just like they take the glory (and $$$$$$) when the company does well.
After all, we are paying for all that 'talent'. Just like the Hostess management. Well worth the money.
Blame is not enough, they must suffer consequences for their leadership. But common folk and workers are so removed from the top of the food chain that they have little impact on the CEOs consequences of failure. It is them who suffer the consequences.
I've heard both liberals and conservatives say that a minimum wage increase could be inflationary, but this is wrong. The minimum wage is a relative price, whereas inflation involves a general price increase. When a relative price goes up, whether the price of unskilled labor, or the price of price of carrots, people will just adjust by using less of it. And therein lies the problem with increasing the minimum wage. Employers adjust to use less unskilled labor, making it harder for people to find that entry-level job.
An increase in the min wage will be passed along to the consumer, if you think businesses are going to absorb wage increases, think again. Look how much the price of everything has gone up along with fuel/gasoline prices.
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