Not to sound crass, but if we limited salaries, you basically take the incentive for people to work hard and use their talents.Well…I don’t think we need many more rich people. I think we need many less poor people instead.
What if (IF) we capped maximum salaries at 500k a year. CEOs, athletes, musicians, everyone. That is way more than enough to live a wealthy lifestyle and get all your rewards for hard work. Then all the profits would instead be re-invested in the company. Wouldn’t you be able to employ more people that way, and create many, many more jobs? Have much much fewer poor people?
Its the sickening greed that has so many people so so poor, and so few so filthy rich. I don’t think its a good conscience that says “welp, its ok if they got rich morally.” Why not re-invest and create a dozen more jobs rather than buy a second mansion? Is this a moral decision? I don’t know, I’m just wondering.
If some people make $1 a day, and someone else makes $100,000 a year…well that’s life. It’s unfair, but it’s the way things go. If someone makes $1 a day and someone else makes $100,000,000 a year…I don’t know man…seems wrong. I don’t know about some of you guys…
I don’t get why this is ok. It’s like seeing some guy cram is face with food until he is stuffed, but still keep going, and there’s one of those malnourished poor kids sitting next to him. Yeah, the eating man got all his food fairly…but its still wrong. Don’t you think? Am I that crazy?
99% of the people born in this country are aleady in the top 1% or so of world wealth.The thing is these protests aren’t going to help the person with cerebral palsy or downs syndrome. In fact they would divert the few resources available to the truly needy and put it in their pocket.
To be honest if you are healthy and born in the US you’ve already won life’s lottery - several times over. The fact that some are wasting that opportunity and mounting protests because they did waste it reminds me of the story about a bum who wins a million dollar lottery and is homeless in less than a year.
Well a real cap would be silly and unrealistic. The point I was trying to make is that if this hugely gross income level disparity didn’t exist (and it was a more “normal” income disparity) there would be more jobs and less poor people. That’s all.So if salaries were capped - what makes you think that money would go to poor people? The fact that you limited the success of some people in no way guarantees the success of others and most likely you have hindered it.
So, we should “cap” salaries under the guise of “raising taxes”?Well a real cap would be silly and unrealistic. The point I was trying to make is that if this hugely gross income level disparity didn’t exist (and it was a more “normal” income disparity) there would be more jobs and less poor people. That’s all.
How many US dollars are in circulation? I don’t know, but I know its certainly not infinity. The more that some people have more, the more others will have less. Dollars wouldn’t start disappearing… Pretty straightforward to me.
If we capped salaries at $500,000/year, the rest of the world would be grateful because it would snap all those people up in a heartbeat. Let’s see, Japanese baseball would greatly improve. Perhaps the world series would be played in Tokyo. Imagine the Superbowl being played in Brazil or someplace. The CEOs could work in China just as well as here, and certainly in Canada.Well…I don’t think we need many more rich people. I think we need many less poor people instead.
What if (IF) we capped maximum salaries at 500k a year. CEOs, athletes, musicians, whoever. That is way more than enough to live a wealthy lifestyle and get all your rewards for hard work. Then all the profits would instead be re-invested in the company. Wouldn’t you be able to employ more people that way, and create many, many more jobs? Have much much fewer poor people would there be? I’m just playing with ideas here.
Its the sickening greed that has so many people so so poor, and so few so filthy rich…
As much as the government wishes to print…which is part of the problem. There was a time when 1 dollar went a long way for a person. Today it will get you nowhere. The more of it there is, the less it’s worth. Do we really believe that today’s poor with all this income level disparity are no better off than they were 100 year ago?Well a real cap would be silly and unrealistic. The point I was trying to make is that if this hugely gross income level disparity didn’t exist (and it was a more “normal” income disparity) there would be more jobs and less poor people. That’s all.
How many US dollars are in circulation? I don’t know, but I know its certainly not infinite. That means that the more that some people have more, the more others will have less. Dollars wouldn’t start disappearing…they would end up in other people’s hands. Pretty straightforward to me.
And none of the innovation would occur here in the USA.If we capped salaries at $500,000/year, the rest of the world would be grateful because it would snap all those people up in a heartbeat. Let’s see, Japanese baseball would greatly improve. Perhaps the world series would be played in Tokyo. Imagine the Superbowl being played in Brazil or someplace. The CEOs could work in China just as well as here, and certainly in Canada.
Japanese businessmen find it disgraceful to be paid overwhelming high salaries. If a japanese CEO was paid hundred of millions a year and it was publicly discovered, it is likely he would quite literally commit suicide. Amazing, isn’t it? They see it as a terrible dishonor, and dishonest.If we capped salaries at $500,000/year, the rest of the world would be grateful because it would snap all those people up in a heartbeat. Let’s see, Japanese baseball would greatly improve. Perhaps the world series would be played in Tokyo. Imagine the Superbowl being played in Brazil or someplace. The CEOs could work in China just as well as here, and certainly in Canada.
So it might NOT be governments problem then?And none of the innovation would occur here in the USA.
I think there is a CEO compensation problem but it’s largely a [private] problem of the boards/companies/shareholders being dumb enough to write the employment contract.
Envy.Why should anybody care that others make more than them?
Japanese businessmen find it disgraceful to be paid overwhelming high salaries. If a japanese CEO was paid hundred of millions a year and it was publicly discovered, it is likely he would quite literally commit suicide. Amazing, isn’t it? They see it as a terrible dishonor, and dishonest.
They just don’t get paid like their American counterparts. Do you see them leaving in droves? Why would Americans leave in droves then? Perhaps they value money a bit more than they should?
I think this is a cultural problem, like I said originally.
Can we play some hard ball here?YOKOHAMA, Japan—Nissan Motor Co. Chief Executive Carlos Ghosn held on to his place as the highest-paid foreign executive at a listed Japanese company, with ¥982 million ($12.1 million) in total compensation in the latest fiscal year, a rise of 10% from the previous year.
But the problem is that people want the government to get involved.So it might NOT be governments problem then?
Well, I’m not a history expert, but I don’t think the income disparity was as great in the late 1800’s and majority of the 1900’s when America was making most of its amazing innovations…yet we still innovated!
$12 million is NOT a lot for the head of a major multi-national corporation. Here is a different article. The truth is probably somewhere in the middle, honestly. Truth is, they make less money and aren’t leaving their country in droves.Can we play some hard ball here?
Again, who cares how much they make as long as they are doing it in a moral fashion and follow all applicable laws?No, I like softball. Here is a different article. The truth is probably somewhere in the middle, honestly. Truth is, they make less money and aren’t leaving their country in droves.
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Average Japanese CEO Earns One-Sixth As Much As American CEOs**
thinkprogress.org/politics/2010/07/08/106536/japanese-ceo-american-sixth/
When it’s not a zero-sum game, sure. But at the moment, in the current situation, we are not, contrary to the many defenders of the wealth disparity on these boards, experienceing a soaring economy that just happens to be helping the rich more than it is the middle class or poor. We are experiencing a stagnant economy that, in spite of its stagnation, is yielding greater gains for the extremely wealthy.Envy.
That’s still 2 million dollars a year!!$12 million is NOT a lot for the head of a major multi-national corporation. Here is a different article. The truth is probably somewhere in the middle, honestly. Truth is, they make less money and aren’t leaving their country in droves.
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Average Japanese CEO Earns One-Sixth As Much As American CEOs**
thinkprogress.org/politics/2010/07/08/106536/japanese-ceo-american-sixth/
Its not the “government’s” fault, since government in America is made up of elected individuals. It is the ambitious politicians who have put personal interests (their political careers) over the interests of the nation that are to blame. So, it is greed after all. Policitians are as much to blame for the problem as corporations are.So it might NOT be governments problem then?
Well, I’m not a history expert, but I don’t think the income disparity was as great in the late 1800’s and majority of the 1900’s when America was making most of its amazing innovations…yet we still innovated!
As an addendum, a common compensation is company stock.$12 million is NOT a lot for the head of a major multi-national corporation. Here is a different article. The truth is probably somewhere in the middle, honestly. Truth is, they make less money and aren’t leaving their country in droves.
**
Average Japanese CEO Earns One-Sixth As Much As American CEOs**
thinkprogress.org/politics/2010/07/08/106536/japanese-ceo-american-sixth/
How would there be more jobs? Wouldn’t there be fewer jobs?Well a real cap would be silly and unrealistic. The point I was trying to make is that if this hugely gross income level disparity didn’t exist (and it was a more “normal” income disparity) there would be more jobs and less poor people. That’s all.
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