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Do you feel they deserve to make hundreds of times more than their frontline workers who often aren't paid enough to even afford the kinds of things produced or sold or traded as services by those CEOs?
What about, say, hedge fund managers? The top 40 highest-"earning" hedge fund managers in 2013 made as much as 300,000 public school teachers.
Are they "worth" that? Do they "deserve" it?
You know, I was going to reply saying I agreed with you but your numbers weren't right. Because...welll....I found them unbelievable.
unfortunately your numbers are correct. Ouch. Thats...depressing.
Actually thats a very simplistic view. A over regulated economy? Really? We've seen massive growth in productivity year after year.
The flooded job market isnt going to go away, and illegals are only part of it. h1-b's, and the growing automation of jobs are just as important. Regulation in certain areas-such as financial are needed, and some better inspection of chemical plants apparently given multiple incidents.
You make statements here that have no factual backing mixed in with some factual things.
Everything posted is a simplistic view, I'm not going to write a 20 page easy about it and post it up for no one to read.
We havn't seen massive growth, we have seen QE pump billions of dollars a month to inflate the stock market. The real unemployment and underemployment rate is still very high, especially for black males and everyone under 30.
No one is saying that we should get rid of all regulation, but when it takes tens of thousands of dollars and months to open a small business something is wrong.
Do you feel they deserve to make hundreds of times more than their frontline workers who often aren't paid enough to even afford the kinds of things produced or sold or traded as services by those CEOs?
What about, say, hedge fund managers? The top 40 highest-"earning" hedge fund managers in 2013 made as much as 300,000 public school teachers.
Are they "worth" that? Do they "deserve" it?
Worth is determined by the people paying them. So yes, they are worth it. Everyone deserves what they are willing to earn.
You know, I was going to reply saying I agreed with you but your numbers weren't right. Because...welll....I found them unbelievable.
unfortunately your numbers are correct. Ouch. Thats...depressing.
It is depressing, and alarming.
I have no issue with people who have more than I do. I am not talking about your average Joe Multi-Millionaire. They are going to get screwed along with the rest of us in many ways.
My concern is that what we are moving towards is a huge grab for the concentration of unimaginable wealth and ownership into the hands of a very, very few people.
Soon, a couple hundred people worldwide will truly be the "1%" and they will own more and have more than the remaining 99% combined, rich or poor.
And by then, every one of us, in some way or another, will be working to subsidize the expenditures and lifestyles of those very few people, whether we like it or want it or not.
I have no problem with people making a living wage, they just have to earn it, not have it mandated by the government. Plus costs would just go up and more people will be laid off. Sounds like a great plan.
Wages are stagnant because of an over regulated economy and a flooded job market. The democrats want more regulation and to bring in more democrat voters, scratch that, I mean undocumented workers.
Anyone working a full time job is earning it, but currently not everyone is receiving a living wage for their work.
I suggest those, who think the CEOs are worth that much, try to do some of their jobs. See how long you can last.
I know I can't do their job and I think they deserve the pay.
Actually it isn't really hard and if you fail at it or something goes wrong they just move you to somewhere else or give you a great golden parachute for being bad at your job. Most CEOs get their job because of who their parents are rather than what their talent is.
The board pays the CEO. If they paid themselves they would be the owner of the company.
Do you understand how the board of directors works? Who pays them, how many are other ceos?
Do you know why there is voting and non-voting stocks? And how thats manipulated?
its all a good ol boys club.
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