Revolutionary Changes to the American Economy

Just thought I'd throw this out here. I'm not saying I agree with it, but it's an interesting idea.

http://deadspin.com/bill-james-calls-for-revolutionary-changes-to-the-ameri-1595361407

 

Government-enforced wage controls.

Sounds like Cuba.

 

This won't help matters much, it will just be abused in some way.

I'm sorry, but I'll never understand this junk about "we all have to be paid exactly the same as anybody else, whether it be a PH.D or a bricklayer, it all has to be the same".

 

But he's not saying exactly the same, he's saying 10 to 1.

 

I love this idea
It is not a salary cap you can pay a CEO or owner what ever they want, true trickle down. The minimum wage debate is chump change compared to this idea.
The little guys can compete.

 

Ten to one is to low though, prolly more like thirty or one

 

What do you do about the real problem? As in... Stock options. CEOs salaries aren't really that significant. Their golden parachute contracts and stock options are where the money is at. And they try to pass that off as "investments" rather than just a clever way to making a ton and pay very little taxes for it.

 

It seems to me that lots of people will soon leave the cities and head to the countryside… …

http://www.near-death.com/storm.html#a04

 

I think most of the abuses of stock options lately have come from selling those stock options when the CEO puts the company under, thus making a profit right before putting everyone else out of a job and ruining the remaining stock.

 

Too low? You do realize that some CEOs are currently paid at 400-600x more than their employees?

 

Not in salary. Stock options are not salary.

 

Stock options are only a fraction of a CEOs package. The bottom line is that all their compensation is hundreds of times more pay than the average employee.

Is mincing words your hobby?

 

That sort of system works quite well in places like Japan. Unfortunately the US mindset is infested with people who want to get something for nothing, and as a result our economy is defined by its refusal to cooperate for a greater good. Sad but true.

 

Or the "get all you can while the getting is good". I agree with you, the issue is a lack of respect or understanding of the common good.

 

The US is the land of middlemen and human hookworms. Complete extermination doesn't even begin to describe the torturous hell these people would have to submit for the damage they've done to the American economy and society.

 

So what do you do with a guy who takes a salary of $1 per year, but when the company goes public, he finds himself (or she) on $2 Billion worth? Now, clearly they can't sell it all at once, the sudden glut in supply would send the price plummeting but still.

Now what?

 

On a brighter note, the 1% will enjoy a fine retirement in Europe, where all their money lives, and where everything is still maintained by older, wiser cultures. Hardly fair at first blush, until we remember that we did have the chance to stop them...

 

I'd apply the 10 to 1 (or 30 to 1 or whatever) principle to income, not holdings. It doesn't mean that the CEO is only allowed to own ten times as much property or stock as anybody else. Just that his income can only be one figure greater. If the CEO is such a great CEO, he has to be able to make the company run in such a way that every single employee prospers. If he can do that, he can get paid a lot. If he can't, he doesn't deserve it anyway. I think this is the theory.

 

According to an ancient Islamic prophecy..... money will become abundant in the latter days....so abundant that nobody will accept charity...........


http://www.politicalforum.com/political-opinions-beliefs/322565-gods-peace-plan-holy-land.html

Savings.......... tend to be non-inflationary...… due to our limitation to be able to only drive one car at the time or eat one steak or salad.... at the time.........

 

Near death experiencer Howard Storm was shown that we are free to choose to self destruct...… .but also free to arise to a higher level of consciousness and behaviour?????!!!!

The Helen Wambach Ph. D. and Dr. Chet Snow studies showed a time line in which we did choose to mangle our nation......but we are obviously in a completely different time line this time around........ and we can do things much much better this time around..... Much of the potential disasters have already been delayed for more than twenty years...…


http://www.near-death.com/storm.html#a04

 

That is a very good point....... and could play a significant role in how....... money becomes abundant in these "latter days!"

 

Sounds like a good plan to me!

My dad's company used to give shares of stock to all employees. Nobody became an overnight billionaire from that, as it was back in the days before crazy corporate valuations. But if a CEO did want to get an all-stock compensation package, it is easy enough to pay the employees in cash based on the cost basis of that stock.

 

Stock options are usually the largest part of what they can make.

 

Of course, the stock option part of it got help from Congress.

http://online.wsj.com/news/articles/SB116718927302760228

 

But there is also other compensation which isn't directly attributable to income, call them "perks", that are included in the negotiations of a contract. These perks can include lavish travel benefits, inflated business spending accounts, and personal staff.