pissing your life savings away

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    oldnoob
    Member

    There is always going to be someone make more and less then you are. Just keep in mind to live within your mean and help other as much as you possibly can. Forcing a rich CEO to give up his money make as much sense as ask the poor janitor to empty his saving account for the starving kid in Africa.
    Charity come from the hearts and willingness. Not force.

    #makecasemdsgreatagain
    Member

    would an RPG to the head be enough force?

    AustinDav
    Member

    The law can’t force someone’s heart to be charitable, but the law can (and does, and should) force people to show a minimum amount of respect to each other. There’s no need to require a CEO to “give up his money”, but there seems to be a need to keep them from exploiting their company’s most powerless workers. Of course he is entitled to a percentage of the contribution to the company made by each of his workers. However, we should be careful not to frame this discussion to appear like the workers are taking money from the CEO personally… Read more »

    AustinDav
    Member

    Solution: Set a maximum limit on the ratio between the CEO’s pay and the median pay of the lowest 10% of workers in his company. That way, he’s still rewarded for his work and can still be extremely rich, but if he wants a higher salary, he has to raise his own workers’ minimum wage. There’s no penalty for his success, but he has to acknowledge the contribution to that success of his labor force.

    DrEvil007
    Guest
    DrEvil007

    Ben and Jerry’s Ice Cream tried this more than a few years ago and they had to abandon the idea because they could not get anyone worth anything to run the company for them. Cut the CEO’s salary in half and employees (based on 15,000 personnel) get a whopping 15 cents an hour raise. Or find someone to work for a token annual salary of $1 and the workers get 30 cents an hour. Don’t be so fast to be so generous with other people’s money or to use the police power of the State to enforce laws and policies… Read more »

    AustinDav
    Member

    I don’t know where Ben and Jerry’s placed their limit, and I didn’t say the ratio limit had to be low, nor that the federal minimum wage should be abolished. I would probably set the limit higher than the current average. It would mostly be a mechanism to curb the outrageously high salaries and slow down the growing income disparity. It’s not written like a law, it would have to include so many more stipulations for all the ways that CEOs earn money from their companies besides their contractual salaries. I said nothing of cutting CEO’s salary in half, but… Read more »

    Gropegrope
    Member

    15 cents an hour for everyone sound much fairer than an extra couple of million for one guy.
    And I bet it would go a long way toward improving employee morale.
    It isn’t about the money exactly…..its about respecting everyone who contributes to the profitability of the organization….

    bob
    Guest
    bob

    First, I assume you are mistaking fascism and socialism.

    Second, I’d like to know what your thoughts are on corporate welfare.

    Wildman7316
    Member
    Wildman7316

    Just for giggles, substitutes “Sports Figure/Athlete” or “Actor/Actress” for “CEO” and see if that changes your View. Fact is that to get the rare Person who can actually do the Job (be it running a Company, playing sports at a Professional Level Performing a Role), requires you to pay them what they are worth.

    bob
    Guest
    bob

    No one is saying that pro-athletes or actors are worth such exorbitant wages, either.

    outlanderssc
    Member

    The issue isn’t limiting the CEOs wages, it’s insuring that all the people in the company make enough to live on. If a CEO costs 9.6 million and increases the profitability of the company by 20 million he or she is worth it. But if the way they increase profitability is just to slash wages in times when people can’t find work elsewhere, forcing them to live off food stamps and state supplied medical care then they’re just thieves stealing from us all. Give them their pay, but make them earn it by building the business and paying others fairly… Read more »

    bob
    Guest
    bob

    This is a position I can agree with in many ways. It would require government over-site, however, as corporation leaders are unlikely to attribute their own success to income inequality or class conflict; and the increasing monopolization of both media and marketplace prevent most individuals from being aware of these events or able to respond effectively. The privatization of the prison system is an example of where these apply. Privatized prisons are expanding because they are less costly than federal prisons. Their main reason for being less costly, however, is reduced wages, benefits, and training. There’s also an inherent conflict… Read more »

    Fen
    Guest
    Fen

    “Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

    This is known as “bad luck.”

    – Robert Heinlein

    Fen
    Guest
    Fen

    “The neoconservative argument emphasizes.. inequality”

    Nope. They emphasize Liberty. While the Left believes that Equality trumps Liberty. Along the lines of Rush’s song where “the trees are all kept equal by hatchet, axe and saw.”

    Fido139
    Guest

    So wtf is you exact point? HE built a company with countless JOBS, and YOU ignorant ass, HOW can scoff that? You NEED to get your priorities straight. I’ll bet you are under 25 too…