Make a new rule. No one can make over 500k a year. (money, state)
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The OP has obviously never taken an economics course in his/her life. Money doesn't have a fixed value. It always finds equilibrium with product. I'll put this in very simple terms. There are 2 causes of inflation and 2 causes of deflation.
If you are on an island that has 10 dollars, and 10 coconuts, then each coconut is worth $1.00.
Remove $5 from the money supply, and each those 10 coconuts is worth 50 cents. That is deflation. The bad kind of deflation. The kind that caused the Great Depression.
You keep $10 in the money supply, but you add 10 more coconuts, so now there are 20 coconuts, then each coconut is worth 50 cents. That is also deflation, but this is the good kind. Like we see with technology.
If you keep the $10 in the money supply, but remove 5 coconuts from the product supply, leaving only 5 coconuts, each coconut is now worth $2.00. That is inflation.
If you add $10 to the money supply, now you have $20 and 10 coconuts, then each coconut is now worth $2. This is also inflation.
So after you put your new law into effect, and crash the entire economy, the supply of money and product will find it's equilibrium again. Far fewer people will be making $500,000, because that will be the same as making $1,000,000,000 (one billion) now. Mansions will be had for $50K, and most people won't be able to afford them, because they will be making far, far less than that. Everyone will be right back to the lifestyle they are living now, because as I said at the beginning of this post, money does not have a fixed value. Money is just paper that is only worth what people believe it to be worth, and that is something that is always changing.
Apparently I’ve repped you recently, so you just get a
It’s amazing how the people most against the success of others don’t understand how money works.
There is absolutely NO PROOF that salaries have to be adjusted down the line. That's nothing more than an assumption that paying a CEO 320+ times what employees make is justified.
Nothing about any of this suggest, imply nor validate the fact that reducing CEO pay has to be a reduction down the line.
Just as there is NOTHING that justifies CEO's making 300+ times what an average employee earn.
These people don't own the company, they are "hired employee's and should be regarded as such", not as "King of The Industry"...
I've had 6-8 yrs of dealing directly with CEO, Company Presidents and Senior Executives and I have hundreds of emails related to those interactions. The CEO's fiduciary duty is to the Stock Holder. which I think is an absurdity in context. Stock Holder are responsible for their own research and responsibility to tract actual and real time production and sales, The CEO's job should be about the Health of The Industry, not making foolish moves to try and break stock ticker records every three months. The Stock Market was not created for that madness, it was designed for "Long Term Investors", who support the long term stability and production of the Industry. It was designed to gain their profit over the LONG TERM, not every three months expecting to hit a jackpot by any contrived means.
That game as led to more companies being crashed!!! faced with overburdening debt, excessive unsubstantiated expansion, and overstocking, to make it appear they are ordering more and moving more goods. When fact is, "they have gone from the business of production, marketing and sales, to being nothing more than creating Prop's followed by being Mass Liquidators... and repeating that cycle based on fictions.
One can find some corners in some cities with a Huge CVS, Walgreens and before Rite-Aid at the same intersection. When fact is there was never the market shares to support that level of saturation. Result, we've see Rite Aids closed, and both CVS and Walgreen each struggling. Shelves stock with products that sit stagnant.
We watched companies like Sears FALL, when Sears had every element of what Internet Shopping relies, on, they had mail order service for decades before anyone thought of Amazon and the likes. They had horrible CEO's... it happen to Montgomery Wards and now its happening to JC Penny. There was absolutely no need for Sears to have bought K-Mart... Sears NEGLECTED to focus on what made it great, which was "Stocking Product that was produced by American Product Producers, they lost themselves by trying to chase ever other Chinese Product Promoters, until they lost the quality standards. K-Mart was a mass seller of Japanese Product, then it went to selling even cheaper made Chinese Products, until its quality standard dropped... Sears tried to tap into that supply chain of low end goods, and lost its stature and did not know how to market to the generation change. It became so absurd, it sold "Craftsman Tool's, which has been a standard for Mechanic for Decades as the best made tools.
Sears failed to take its paper catalog and turn it into a web based portal...
One could have gone to ANY college and State University that is NOT a member of the Ivy League set and found qualified and aware minded people who could have revived that business. Instead they ignored that.
Overall... NO... changing the multiplier for CEO's does not mandate changing the wage scale of the down line employee ranks.
Can one imagine or factor, how many can's of Coke a company has to produce just to pay the CEO's salary. It's purely absurd.
I couldn't care less about whatever perks they get with private jets - you seem to have missed the point of my post.
And you missed my point.
Whatever salary anybody makes, the perks, the dividends is being paid for by the consumer/ taxpayer.
We spoil the air and water, then pay for the remedy and healthcost through taxes and medical insurance.
We cheer when CEO's. athletes and media stars make big money and then pay their salary in everything we buy.
When DH started work in 1961, he made a whopping $6000 a year. When he retired in 1991, he was making $135K. Our standard of living was about the same. And it has stayed the same, even now. The change has been in the numbers, not what they would buy.
[quote=MPowering1;58922973]I accept your apology. Sometimes questions here are being posted in an effort to understand and not for some nefarious reason. That's all my question was.
There's enough savage behavior to go around, that is true. But when you start posting that people want what other people have and go out and take it - the biggest offenders of that in the year 2020 is the black population, not white people. And violent crime is committed at higher rate by a small percentage of a small demographic of black folks, so pointing me to FBI stats is probably not wise. Not to say white people are living honest, nonviolent, pristine lives, but the statistics of violent crimes is much higher among black males than anyone else.
I don't see how this plays into the OP's fantasy that salaries be capped with their pre
I would in all sincerity present again, the history of the Media.... there have been studies of how it does the 12 minutes spin on black crimes and white crime fades from the media after a couple of cycles... The media has always been with dramatization as well as the long history of its format was focused not on equality in reporting crimes but overly emphasis and dramatizing black crime.
Now... that is not to say the media should neglect nor diminish the reporting of black crime, but it does need to up its cycle of reporting on white crime, to give society a real time honest projections of "people committing crimes". Period!!
Now, as to the vile savagery of black people and this insidious cycle of shooting, I abhor that and have no sympathy for the arrest and prosecution of those who are doing the shooting.
I will go further to say that black people have to learn and utilize the learning better in how to deal with disputes. That goes for white people as well, but for black people in particular...
Poverty is what it is, and yes, there is a "on edge dog eat dog reality in poverty", but it does not need to lead to insane shootings.. Gang violence is and idiocy, whether its Black gangs, Mexican gangs, White Gangs, Mob gangs and what ever kind of gangs. I have absolutely no problem with society labeling Gangs of all ethnicity, as Domestic Terrorist!!! and treat them as "Domestic Terrorist"..
There is absolutely NO PROOF that salaries have to be adjusted down the line. That's nothing more than an assumption that paying a CEO 320+ times what employees make is justified.
Nothing about any of this suggest, imply nor validate the fact that reducing CEO pay has to be a reduction down the line.
Just as there is NOTHING that justifies CEO's making 300+ times what an average employee earn.
These people don't own the company, they are "hired employee's and should be regarded as such", not as "King of The Industry"...
I've had 6-8 yrs of dealing directly with CEO, Company Presidents and Senior Executives and I have hundreds of emails related to those interactions. The CEO's fiduciary duty is to the Stock Holder. which I think is an absurdity in context. Stock Holder are responsible for their own research and responsibility to tract actual and real time production and sales, The CEO's job should be about the Health of The Industry, not making foolish moves to try and break stock ticker records every three months. The Stock Market was not created for that madness, it was designed for "Long Term Investors", who support the long term stability and production of the Industry. It was designed to gain their profit over the LONG TERM, not every three months expecting to hit a jackpot by any contrived means.
That game as led to more companies being crashed!!! faced with overburdening debt, excessive unsubstantiated expansion, and overstocking, to make it appear they are ordering more and moving more goods. When fact is, "they have gone from the business of production, marketing and sales, to being nothing more than creating Prop's followed by being Mass Liquidators... and repeating that cycle based on fictions.
One can find some corners in some cities with a Huge CVS, Walgreens and before Rite-Aid at the same intersection. When fact is there was never the market shares to support that level of saturation. Result, we've see Rite Aids closed, and both CVS and Walgreen each struggling. Shelves stock with products that sit stagnant.
We watched companies like Sears FALL, when Sears had every element of what Internet Shopping relies, on, they had mail order service for decades before anyone thought of Amazon and the likes. They had horrible CEO's... it happen to Montgomery Wards and now its happening to JC Penny. There was absolutely no need for Sears to have bought K-Mart... Sears NEGLECTED to focus on what made it great, which was "Stocking Product that was produced by American Product Producers, they lost themselves by trying to chase ever other Chinese Product Promoters, until they lost the quality standards. K-Mart was a mass seller of Japanese Product, then it went to selling even cheaper made Chinese Products, until its quality standard dropped... Sears tried to tap into that supply chain of low end goods, and lost its stature and did not know how to market to the generation change. It became so absurd, it sold "Craftsman Tool's, which has been a standard for Mechanic for Decades as the best made tools.
Sears failed to take its paper catalog and turn it into a web based portal...
One could have gone to ANY college and State University that is NOT a member of the Ivy League set and found qualified and aware minded people who could have revived that business. Instead they ignored that.
Overall... NO... changing the multiplier for CEO's does not mandate changing the wage scale of the down line employee ranks.
Can one imagine or factor, how many can's of Coke a company has to produce just to pay the CEO's salary. It's purely absurd.
There no proof that you have any right to decide how much money a person makes.
There no proof that you have any right to decide how much money a person makes.
You are not our master. Go enslave other people.
If you want to take it person, that's your choice... your comment of who is and who is not your master, is absurd, we know the wealthy have been and continue to be your master evidentially.
the point of the OP was about creating a system that is equitable... Not some old system based on the model of "slave owners" being paid at astronomic rates.. while workers are treated like indentured servants and slaves, and how poor whites were rated as being paid no more than it cost to house and feed a slave.
One of the Disney Owners, has also made commentary that CEO compensation is Absurd! There will be others who will begin to step up and bring a change to the madness of CEO compensation.
If you want to take it person, that's your choice... your comment of who is and who is not your master, is absurd, we know the wealthy have been and continue to be your master evidentially.
the point of the OP was about creating a system that is equitable... Not some old system based on the model of "slave owners" being paid at astronomic rates.. while workers are treated like indentured servants and slaves, and how poor whites were rated as being paid no more than it cost to house and feed a slave.
One of the Disney Owners, has also made commentary that CEO compensation is Absurd! There will be others who will begin to step up and bring a change to the madness of CEO compensation.
Then let them voluntarily give their wealth away. Why are all these rich "Progressives" doing that? Hypocrites all! Stop being dishonest and wake up.
It simply means, the ideals that the Conservative try to push as if "people have to try and fit their lives into the "small boxes" that Conservative want to promote" as if everyone should fit their lives to these confederate designed boxes, or they want to negatively attack people who won't comply to their expectation: is an absurdity drive by their want to promote their brand of authoritarianism.
It why they spend so much time chasing and indulging fear of everything, because they can't force people to fit their lives into the designated boxes conservative promote.
They think everyone should follow the dictates of (some) white people's expectations and they can't deal with the broad range and depth of the human diversity that have no interest in those small boxes.
They make their own lives hard by such expectation and pose challenges to other, who won't compress their lives into the boxes of their white nationalist ideals.
Real Truth is: generally speaking, all white people are not going to compress their lives into the Small Boxes Conservative Expect them to.
They need to accept the fact... They ARE NOT a Model of what is an American.
People move to small town, and they go wild because the people won't compress their lives to fit the boxes that conservatives expect.
They've stagnated and repressed small town all across America, and they have been negatively labeling black people for centuries because Black people have no interest or concern to force fit their lives into the Conservative designed "small boxes"...
Then let them voluntarily give their wealth away. Why are all these rich "Progressives" doing that? Hypocrites all! Stop being dishonest and wake up.
Dishonest about what. Do you even understand what Philanthropy is. Research the history of the Getty's, Rockefellers, Carnegie and others who have helped advance society by their Philanthropy.
As to the matter of wage... There is absolutely no written rule that a CEO should be paid at a rate of 300-400-500 time more than other employees.
Technically, NO CEO should be allowed to be Chairman of The Board, if the Board is to be an independent Advisory group of Professional from an array of industries. Nor should any CEO have the triple title to include being Company President.
In a company with subsidiaries, it would be unusual to have one person carry out the roles of both CEO and president, yet, America has allowed these CEO to corral the power unto themselves, they produce grave damages to industries.
CEO Pay Ratio
The ratio of CEO pay to the median salary for all other employees in the company provides a reference of how high CEO pay is. It's often used to compare CEO pay across countries. U.S. CEOs earn from 400 to 500 times the median salary for workers. For CEOs in the U.K., the ratio is 22; in France, it's 15; and in Germany it's 12.
The European Union has proposed a binding vote on CEO pay for public companies. France capped the ratio between CEO pay and the wages of the lowest-paid workers, and Germany placed a cap on CEO salaries.
Companies with Board of Directors diversity have proven to be better performers than companies without board diversity
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