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PSPS Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 02:12 AM
Original message
Returning to the scene of the class war
Returning to the scene of the class war

by Sarah on 8.16.2011 50 comments

in Class,Economics,Guest Blogging

Aggravated today by a New York Times story in which striking Verizon workers were forced to argue that their wages werent, in fact, too highseeing them make the very valid point that living in the New York area and raising a family on $40,000-$70,000 a year doesnt actually make them richI tweeted angrily:

How the hell did we get into a world where workers making $60,000 are overpaid but CEOs making millions are overtaxed?

I dont tend to have that many Republican or libertarian Twitter followers, but when Kirsten Powers, a Fox News contributor, retweeted me, I was deluged with replies, some of which Im reposting here (without user names, since I dont know if these folks would care to share):

becuase they are paying all those 60k wages. Without them, the people making 60k are unemployed.

Who assumes the most risk?

Pay is dependent upon what you accomplish for the company. If you make 60K and are not being productive..

If you have to threaten people with violence to earn $60K, you are overpaid.

because you cant punish success. Its anti-capitalist.

The workers making $60K accepted it while CEOs demanded more, but how does the CEOs wage negatively affect the $60K guy?

So, some answers, shall we?

More at: http://www.feministe.us/blog/archives/2011/08/16/return...
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Waiting For Everyman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 07:28 AM
Response to Original message
1. Wow, that question was stated perfectly.
A similar thought. During the early days of the bailout we were told that top execs' ridiculous bonuses couldn't be prohibited because of contract law. But now workers' contracts can be voided at will - Wisconsin, Verizon, etc.

The arguments to keep this insane income inequality going are just obvious arrogant lies. Plus, the top financial execs didn't get prosecuted at all for their global theft and fraud. Not so for the little people.

Great article, I expecially liked this at the end:

"Henry Ford was a union-busting, Nazi-sympathizing jerk, but he understood that to be successful people had to make enough money to buy his productautomobiles. The economy we have right now is the direct result of people no longer understanding that basic concept.

And thus we have people shouting me down on Twitter about cutting the wages and benefits of middle-class workers, while defending the right of the ultra-rich to keep their money. Its class war, as Warren Buffett himself has said many times, and the best weapon the upper class has is that the rest of us continue to defend them..."


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saras Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 10:34 AM
Response to Reply #1
5. So our economy runs on union-busting and Nazi-sympathizing, and we aren't supposed to FIX it? WTF?
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Waiting For Everyman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 11:54 AM
Response to Reply #5
7. I have no idea what you're talking about.
:shrug:
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Tutankhamun Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 09:18 AM
Response to Original message
2. The war against the middle class,
Edited on Fri Aug-19-11 09:20 AM by Tutankhamun
that is, the class war, is fought by wannabe mercenaries who expect to one day get paid in lower taxes, just as soon as they get rich.
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Populist_Prole Donating Member (774 posts) Send PM | Profile | Ignore Fri Aug-19-11 09:25 AM
Response to Original message
3. Answers? People either believe in demand side economics, or they don't
I really don't think you can give them an answer. While far too many of the genral public are apathetic or peripherally informed on how the rich are fucking us over, do keep in mind that all those replies you got back were basically a result of you poking a fox noise bee's nest, and thus all the seemingly syncophantic RW talking point answers.

Pinks oink, birds chirp, dogs bark, cat meow....and brainwashed foxs news watchers toe the company line. It's the way of the world.
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 10:08 AM
Response to Original message
4. Reason won't get you far with the brainwashed. nt
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zalinda Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 11:47 AM
Response to Original message
6. Actually, one of these is totally wrong.
CEO's do not assume risk. They are just doing a job. If the company has an owner, then he/she assumes the risk, which is quite different from CEO's.

CEO's get paid the way they do, because other CEO's sit on the board. There was a graphic that was posted a while ago, where all the board members from some of the top companies were named. If this had been a family tree, it would have shown a lot of inbreeding. It is not uncommon for some CEO to be on the board of directors of 3 or 4 other companies. So to deny a pay raise or bonus for a CEO when you are on the board, would mean that when you want a raise or bonus, it may be denied. It's a big circle jerk and no one assumes any risk.

zalinda
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