Huge increase in executive pay for America's top bosses

You know what I mean.

 

And if we run out, the FED can just print more!

 

Not poverty, not only that, if we compare that to the bottom billion people in the world their living like kings.

This whole premise is wrong as I mentioned earlier, this isn't a zero sum game, one guy getting rich doesn't prevent anyone else from doing the same, there is not a finite amount of dollars that we're competing to collect.

First... you don't 'receive' income.... .. well you may, and a lot of these folks may, but in reality income is EARNED, so you tell me... why are they EARNING less and less? Being that someone else's wealth doesn't infringe on their ability to do so.

 

That is taking it.

Why would you advocate it to education when they loose millions each year?

Meanwhile, cut back on expenditures....and consider reversing the Bush Tax cuts altogether for all brackets and have the poor pay 2% of their income. The fiscal house needs to be set straight by cuts and revenue both.


I believe in capitalism and I believe we need fiscal responsibility in our government.[/QUOTE]

You take care of the latter first before you gouge more people of their money.

 

I'm no where near an economist, so I don't understand the zero sum game. The only way IMO it's not a zero sum game is if more wealth gets added. Through inflation or printing more money.
We have finite resources and yes we can gather more resources so I guess that's another way it's not a zero sum.

Wages is what I was referring to, yes, wages are earned. Wages have fallen because jobs that used to be here have left and were replaced with service jobs.

 

While you are not incorrect in your assertions; you apparently conclude things diffidently than many of us.

I get no raise as do none of the non management employees but we have increased production through the year. The upper echelon gets up to 40%. I am angry.

Now I do not answer to an employer (unless I (*)(*)(*)(*) an OEM or after market component manufacturer off) so this really does not apply to me but I have been there.

 

First, it's just a statement of fact that basically anyone with a small amount of economic education would support. Wealth is constantly being created, I think your mistaking real dollars (paper) for wealth and their very distinct.

It's really not any different than when we transitioned from an agricultural economy to a manufacturing one, we're feeling some pain now as we move away from manufacturing and into a more digital economy. Over the short term there will be some losers, but in the long term we'll be better of as a result.

 

I think we are creating a class of losers.

 

Requires Big Fed NOT to spend the money. I'm still laughing.

Soviet style planned economy. Not quite str8 Marxism but...fail none the less.

It gets worse from there.

 

OK, so how much should a CEO make and who should decide? If you think CEO pay is a "problem" then provide a solution. Let's hear it.

 

A percentage of net profits. No profit a minimal base pay.

 

"We" aren't creating a class of losers. The Globalized Marketplace is.

If you can't function in a digital economy because you didn't graduate high school, or take some form of secondary education, then life is going to suck really really bad for you.

Why is that so hard to accept? Society does not owe a middle class lifestyle to those incapable of functioning in this new economy.

We simply are no longer the kind of economy that can support people swinging a hammer or sweep floors for 20 bucks an hour. It just isn't happening. Welcome to the "new normal"

 

And who the hell do we service? Service does not and can not generate any new wealth within an economy. So we sell service to other countries? Why the hell should they buy it from us?

 

I think this is actually a sign of good things to come. I'll clue y'all in -- people don't vote payraises unless they think that profits are on the way. In terms that liberals can understand, if stockholders expected that the companies in question were not either making money or soon to be making money, the pay would remain static or shrink. Another thing that you might want to think about is that most of these people are busy building our civilization which benefits everyone.

People who think otherwise don't understand math or economics.

 

And every aspect of this 'problem' is made worse with the degradation of America's human capital. Our value per educational dollar is the shame of all history. We couldn't be bigger saps in that game.

Just remember....Our strength lies in our diversity and we have always been at war with Eurasia.

Doom.

 

You are changing the rules of engagement with your answer to Possibility One, R R. There was nothing said about how likely the government was to actually implement such a program but whether such a program COULD benefit the middle class if implemented.

As for Possibility Two, your answer shows you completely misread the possibility. Virtually all corporations are getting tax breaks from the government. This would simply be a law saying that there would be a major curtailment of such tax breaks for a fiscal year if they were engaged in exporting jobs that year. Thus, if $100 million dollars in salary per annum were being outsourced that year, the corporation would lose $500 million dollars in tax breaks that year. If it was still economical for them to outsource, then by all means go ahead! In what way is that socialist, Marxist or a planned economy?

 

I'm not an economist, but it's always been an interest of mine, viewing things through that lens does alter your perspective.

Believe it or not this and the other quote from you've that I've included in this thread underscore a standard market socialist position, where workers get paid for their productive value and the owners of capital don't get a disproportionate amount.

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I disagree, I think (and may be totally wrong) we'll have a smarter more productive work force once most of the old guard has been removed. We do far too much to protect failing industries and job types in this country, our protectionist policies regarding sugar farming is a prime example, we'd do well to be out with the old an in with the new.

 

Use some of the new gained wealth and redistribute it to educate the populus to the new digital world.

 

I guess they're creating 40% more jobs year over year. Too bad they're all in China.

 

So you want to use the police power of the state to seize money from people who you've even said, have earned it, to give it to others? Do you think that's fair or just?

I sure don't.

 

Executive pay is set not by stockholders (who simply don't have time to follow these things) but by executive compensation committess, controled by control groups, usually of less than 10% of the shareholders and usually related to the initial owners, who do nothing but follow these things and make sure they and their affiliated group get more and more money, even if the company is doing poorly.

Instead of spouting generalized market evangelism, you should actually read up on how executive compensation is set. It isn't pretty and it has nothing to do with stockholders

 

Maybe instead of worrying about what other people make, you should worry about what you make. These raises have no bearing on your wages, or lack thereof if you are the typical fleabagger.

 

Well yes, it's only temporary, until we retrain them. Then they'll be back in the work force making wages and paying taxes. Win - Win.

 

Kinda makes ya wanna get a job, huh???

 

They are earning less and less because their employers have decided their labor is worth less and less.

The reason they have decided this is because they now realize they can outsource the labor to a third-world country that lacks a minimum wage or labor regulations. This allows them to get more profit. And that is all that matters to the employer, Is THEIR profit. The employee can be screwed for all they care.

I suppose that is their right. But I hope they realize that their employees WILL care. And as they get poorer, angrier, and more desperate, Desperate things will be done.

Thank you for your time.