General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCleita
(75,480 posts)where the rich take everything and the poor get nothing.
athenasatanjesus
(859 posts)I see nothing wrong with our ratio.
sarcasmo
(23,968 posts)FreakinDJ
(17,644 posts)Xicano
(2,812 posts)Looks like Britain is twice as socialist as Venezuela and Japan and Germany are full blown communist compared to Venezuela.
LOL
TE Lawrence
(17 posts)It seems to me that we should strive to have our CEOs, our average, above average and excellent workers at the top of every list.
http://money.cnn.com/2011/04/19/news/economy/ceo_pay/index.htm
CJCRANE
(18,184 posts)Witness what happened with the catastrophic failure of the banking system, the taxpayer filled the financial blackhole and the 1%ers carried on as though nothing had happened. That's not freemarket capitalism, that's corporate welfare.
ETA: You may be okay with it but to me a ratio of 343:1 seems more like feudalism.
TE Lawrence
(17 posts)On the other hand, taxpayers are still in the hole for the corporate welfare afforded the auto industry.
http://www.mlive.com/auto/index.ssf/2011/11/white_house_ups_expected_losse.html
The New York Yankees voluntarily chose to pay Alex Rodriguez 80 times what their lowest paid player makes. You and I might not think he is worth that much, but the Yankees do, and they are the ones who have to sign his checks.
Oprah Winfrey has an income of approximately $385 million dollars a year, because someone thinks she is worth that much. The same goes for CEOs. Some earn more--a lot more, than others. It's up to the owner's, or board of directors to decide what they are worth. The key point is that these decisions are made voluntarily and those who sign the checks are the ones who must live with the decisions--good or bad.
CJCRANE
(18,184 posts)from the richest of us to the least of us*. Circumstances can change very quickly.
*But it seems to me that the richest get the most help.
Xicano
(2,812 posts)No not if the CEO actually contributes 343x more labor toward the end product than labor does. But what CEO can make that claim? Therefore to make in one day what you pay your labor all year is not only criminal, but, its what conservatives cry like little babies over more than anything else. Its REDISTRIBUTION of wealth.
eom.
prairierose
(2,145 posts)Finally someone makes the real point. When the CEO makes that mush more than the workers, then the workers are not being fairly compensated for their labor.
Xicano
(2,812 posts)And you're exactly right. When any laborer isn't compensated at least the amount equal to his/her contribution toward the end product or service, then its redistribution of wealth. Right wingers of all people with their utter disdain over the concept of redistribution of wealth should be fuming mad about the rate of company executive pay. But since they're not, its but another example showing how ignorant the right winger is.
TE Lawrence
(17 posts)Which legal statute does 343x pay violate?
TBF
(31,921 posts)99% would be great in some cases.
TE Lawrence
(17 posts)99% wouldn't leave anything for the other guys, would it?
PeaceNikki
(27,985 posts)Xicano
(2,812 posts)n/t
PeaceNikki
(27,985 posts)Xicano
(2,812 posts)PeaceNikki
(27,985 posts)TE Lawrence
(17 posts)Or, they might not--as was the case with Steve Jobs, who was fired from Apple in 1984.
Of course, sometimes those who call the shots are able to correct their errors, e.g., Jobs returned after then-CEO Gil Amelio was ousted in July 1997
TexasTowelie
(111,288 posts)All that it takes is to load the board of directors of Company A with friendly faces of other CEOs, then the friendly face of the CEO Company A will be appointed to the boards of Companies B, C, D...
Huey P. Long
(1,932 posts)You cannot be serious in defending that. Unbelievable. Oh, and the 475 may be incorrect now, but at this pace, give it a year.
Unfucking real.
RainDog
(28,784 posts)Initech
(99,909 posts)HughBeaumont
(24,461 posts)Spreading.
Huey P. Long
(1,932 posts)Just a bit of constructive input.
orpupilofnature57
(15,472 posts)A horrorific stat ,Dangerous.The spoils of Mercinaries.