Another Liberal Myth Exploded

[BluesLegend]

Boo hoo the average worker isn't getting paid the same as the CEO who founded the company and grew it to a valuation of $6 billion dollars. I'm sure the public employee pension plans who bought the stock are just fine with the workers getting paid what they are getting paid vs giving up their profits. OH SNAP!

You're making two points one is valid, one is not.

1) The CEO or founder is solely responsible for the success of the company that his annual pay and bonus plan are justified. Many CEO/Founders are paid to get out of the way and let real businessmen run their successful company.

Also, numerous studies have proven that over three decades a culture of overpaying and overcompensating CEO's (the reasons are complicated but a big part of this culture is due to Boards of Directors being stacked with current and former CEO's) has grown in incomprehensible and illogical ways - CEO's failing miserably and still receiving massive compensation. CEO's doing very little for a very short time and getting bonuses based on short term gains that end up tanking a year after they leave.

This culture is similar to that of professional athletes. A quarterback without an outstanding O-line is going to get sacked and never being able to throw long passes. Yet the QB is the star, the draw, the reason people buy tickets - same with pitchers.


2) Public employee pension plans or any fund like that workers get paid less so that dividends go up. You made one valid point.

Both my points are valid, what part of none of your business is hard for you libs to understand? CEO compensation is none of your business, its between the board and the stock holders, period.

 

[Brain357]

Boo hoo the average worker isn't getting paid the same as the CEO who founded the company and grew it to a valuation of $6 billion dollars. I'm sure the public employee pension plans who bought the stock are just fine with the workers getting paid what they are getting paid vs giving up their profits. OH SNAP!

You're making two points one is valid, one is not.

1) The CEO or founder is solely responsible for the success of the company that his annual pay and bonus plan are justified. Many CEO/Founders are paid to get out of the way and let real businessmen run their successful company.

Also, numerous studies have proven that over three decades a culture of overpaying and overcompensating CEO's (the reasons are complicated but a big part of this culture is due to Boards of Directors being stacked with current and former CEO's) has grown in incomprehensible and illogical ways - CEO's failing miserably and still receiving massive compensation. CEO's doing very little for a very short time and getting bonuses based on short term gains that end up tanking a year after they leave.

This culture is similar to that of professional athletes. A quarterback without an outstanding O-line is going to get sacked and never being able to throw long passes. Yet the QB is the star, the draw, the reason people buy tickets - same with pitchers.


2) Public employee pension plans or any fund like that workers get paid less so that dividends go up. You made one valid point.

Both my points are valid, what part of none of your business is hard for you libs to understand? CEO compensation is none of your business, its between the board and the stock holders, period.

Huge amounts of inequality slows the economy. That's a problem for everyone. Also these deals cheat taxes.

 

[BluesLegend]

IDIOT!!! How is he "cheating" IRS if he doesn't get $248 million in his hand? You still don't understand! He didn't get $248 million in cash...you dummy!
He received RSUs... meaning he can't sell until certain things happen and when he does it will be at market value which could be ZERO!

I'm fully aware he is getting gross amounts of money and paying less in taxes than if it was salary.

HE IS NOT getting gross amounts of money!
He is getting RSUs... that he can't sell until things happen... so where is the "gross amount of money"???

284 million is a pretty gross amount in my book.

If you are not a stock holder its none of your business, sorry to burst your bubble.

So again what is better for the economy. 500 people making good money or one person making gross amounts of money?

Feel free to move to China, go live your communist dream working for the collective. What you bunch of dumb asses don't understand is that if you hire some dip shit retard CEO who is willing to work for peanuts the company is more likely to fail and then they will all be out of work. Secondly, any savings in CEO salary will go to stock holders not to the workers, they own the company its their property. The guy who mows your lawn isn't entitled to a share of the profits when you sell your house now is he. Well there you go.

 

[BluesLegend]

Boo hoo the average worker isn't getting paid the same as the CEO who founded the company and grew it to a valuation of $6 billion dollars. I'm sure the public employee pension plans who bought the stock are just fine with the workers getting paid what they are getting paid vs giving up their profits. OH SNAP!

You're making two points one is valid, one is not.

1) The CEO or founder is solely responsible for the success of the company that his annual pay and bonus plan are justified. Many CEO/Founders are paid to get out of the way and let real businessmen run their successful company.

Also, numerous studies have proven that over three decades a culture of overpaying and overcompensating CEO's (the reasons are complicated but a big part of this culture is due to Boards of Directors being stacked with current and former CEO's) has grown in incomprehensible and illogical ways - CEO's failing miserably and still receiving massive compensation. CEO's doing very little for a very short time and getting bonuses based on short term gains that end up tanking a year after they leave.

This culture is similar to that of professional athletes. A quarterback without an outstanding O-line is going to get sacked and never being able to throw long passes. Yet the QB is the star, the draw, the reason people buy tickets - same with pitchers.


2) Public employee pension plans or any fund like that workers get paid less so that dividends go up. You made one valid point.

Both my points are valid, what part of none of your business is hard for you libs to understand? CEO compensation is none of your business, its between the board and the stock holders, period.

Huge amounts of inequality slows the economy. That's a problem for everyone. Also these deals cheat taxes.

Go ahead prove your claim they somehow cheat the government out of taxes owed you can't because that's a lie.

 

[Brain357]

I'm fully aware he is getting gross amounts of money and paying less in taxes than if it was salary.

HE IS NOT getting gross amounts of money!
He is getting RSUs... that he can't sell until things happen... so where is the "gross amount of money"???

284 million is a pretty gross amount in my book.

If you are not a stock holder its none of your business, sorry to burst your bubble.

So again what is better for the economy. 500 people making good money or one person making gross amounts of money?

Feel free to move to China, go live your communist dream working for the collective. What you bunch of dumb asses don't understand is that if you hire some dip shit retard CEO who is willing to work for peanuts the company is more likely to fail and then they will all be out of work. Secondly, any savings in CEO salary will go to stock holders not to the workers, they own the company its their property. The guy who mows your lawn isn't entitled to a share of the profits when you sell your house now is he. Well there you go.

That didn't answer the question. Waiting.

 

[Brain357]

Boo hoo the average worker isn't getting paid the same as the CEO who founded the company and grew it to a valuation of $6 billion dollars. I'm sure the public employee pension plans who bought the stock are just fine with the workers getting paid what they are getting paid vs giving up their profits. OH SNAP!

You're making two points one is valid, one is not.

1) The CEO or founder is solely responsible for the success of the company that his annual pay and bonus plan are justified. Many CEO/Founders are paid to get out of the way and let real businessmen run their successful company.

Also, numerous studies have proven that over three decades a culture of overpaying and overcompensating CEO's (the reasons are complicated but a big part of this culture is due to Boards of Directors being stacked with current and former CEO's) has grown in incomprehensible and illogical ways - CEO's failing miserably and still receiving massive compensation. CEO's doing very little for a very short time and getting bonuses based on short term gains that end up tanking a year after they leave.

This culture is similar to that of professional athletes. A quarterback without an outstanding O-line is going to get sacked and never being able to throw long passes. Yet the QB is the star, the draw, the reason people buy tickets - same with pitchers.


2) Public employee pension plans or any fund like that workers get paid less so that dividends go up. You made one valid point.

Both my points are valid, what part of none of your business is hard for you libs to understand? CEO compensation is none of your business, its between the board and the stock holders, period.

Huge amounts of inequality slows the economy. That's a problem for everyone. Also these deals cheat taxes.

Go ahead prove your claim they somehow cheat the government out of taxes owed you can't because that's a lie.

They are gettng paid in a way that cheats the tax man.

 

[Agit8r]

Nonetheless, the economic trend is moving toward more concentrated wealth in the hands of fewer individuals and companies. Until that is turned around, there is a problem to be solved.

if my Countrymen should ever wish for the Honour of having among them a Gentry enormously wealthy, let them sell their Farms and pay rack'd Rents; the Scale of the Landlords will rise as that of the Tenants is depress'd who will soon become poor, tattered, dirty, and abject in Spirit. ...the Effect of this kind of Civil Society seems only to be, the depressing Multitudes below the Savage State that a few may be rais'd above it"
-- Benjamin Franklin; letter to Joshua Babcock (Jan. 13. 1772)

By "Nonetheless" you are tacitly agreeing that, again, I've belted one out of the park with this OP.

"100% accurate and dispositive" would have been appropriate.
But you're probably saving said adjectives for my next OP.

Wise.

Forbes may have some valid criticism of a particular study. Nonetheless, the wealth disparity increases, as does the disparity in political influence between monied interests and The People. That is no myth, and a real problem for anyone who isn't a fascist.

1. The critique of the trope is not from Forbes.
Read more carefully.

2. "...some valid criticism of a particular study."
Please....a little honesty, here.
The over-and-over over-the-top lie is not to be avoided.
"Do a Google search of the phrase “CEO to worker pay” and you’ll find 150,000 links to reports and articles that almost exclusively compare the salaries of a very small, statistically insignificant group of S&P500 or Fortune 500 CEOs to average worker pay."
When we consider all US CEOs and all US workers the CEO-to-worker pay ratio falls from 331 1 to below 4 1


3. "the wealth disparity increases, as does the disparity in political influence between monied interests and The People."
Spoken like a true Marxist.
The 'disparity' is totally meaningless.

"Even if Piketty’s worst case scenario played out, the human and societal cost of his prescriptions would far outweigh the perceived advantages.

A society that penalizes the successful for no other reason than to cause pain is hardly a society worth creating much less living in. In short, Piketty’s proposal is an exercise in cargo cult economics.

Piketty’s solution to the non-existent problem of wealth inequality would destroy not only wealth but economic mobility and risk taking. It would make us France."
Thomas Piketty Wealth Inequality and Cargo Cult Economics RedState


4. "...a real problem for anyone who isn't a fascist."
If only you had an education...you'd recognize that the Corporatism you claim to abjure is the very hallmark of fascism, socialism, FDR's New Deal, and Obama's policies.

Corporatism...the desire to form a joint venture between big business and big government.....and drive out small entrepreneurs and the middle class.

Wise up.

Both parties do that. Both are, to some degree, bought and paid for. That is the problem that I'm talking about.

Can't argue with that.

As a conservative, I feel like a political orphan.

But one party is clearly worse than the other...

So, I vote based on this axiom:
Let not the perfect be the enemy of the good.

I doubt we'll agree on which party is worse on that account.

 

[healthmyths]

But the issue is comparing compensation which the GoPro WoN"T GET unless HE performs! Do you understand?
RSUs are not taxed as salaries because they haven't been received! Do you understand?
Let the union guys incorporate! great! Sell stock in the union! GREAT! Get shares in the companies they sign contracts with Great! That's when everyone wins!

Yes the ceo gets gross amount of money and cheats the tax man.

IDIOT!!! How is he "cheating" IRS if he doesn't get $248 million in his hand? You still don't understand! He didn't get $248 million in cash...you dummy!
He received RSUs... meaning he can't sell until certain things happen and when he does it will be at market value which could be ZERO!

I'm fully aware he is getting gross amounts of money and paying less in taxes than if it was salary.

HE IS NOT getting gross amounts of money!
He is getting RSUs... that he can't sell until things happen... so where is the "gross amount of money"???

284 million is a pretty gross amount in my book.

284 million pennies is a lot. 284 million in RSUs means nothing until he CAN sell them which is WHY they are called RESTRICTED STOCK UNITS!

 

[Marxist]

Both parties do that. Both are, to some degree, bought and paid for. That is the problem that I'm talking about.

Can't argue with that.

As a conservative, I feel like a political orphan.

But one party is clearly worse than the other...

So, I vote based on this axiom:
Let not the perfect be the enemy of the good.

I'm pretty sure one party is focused on

Isn't it remarkable that you can quote from a book? I want everyone to have access to food, water, medicine, shelter, clothing.. we have the capacity to provide all of this, and we produce enough resources to do it, albeit it's wasted in droves, such is the way of a society where surplus undermines the "profit." Really? You fail to understand the issue, it's a remarkable fact that the wealth continues to accumulate in the hands of a minority, wages have been stagnant, those in poverty struggle to get by. Oh really? Show me these marxist professors, and what a wonderful point which has literally no bearing, writing a paper has nothing to do with marxist theory. I am absolutely fine with crushing the capitalists and redistributing the virtually worthless currency to everyone needed to acquire food, which is also profited off of by the capitalists.

You miss the point, you moron.

I read books.

And study.

You should try it.

I'm sorry, I read the quotes you've posted, and that book you mention is a joke, although I expect this from someone who actually quotes Ann Coulter. I read books aswell, I love marxist literature. Here is some good reading: Economic Manuscripts Capital Volume One

Well, then.....here's one you should read:

"The Black Book of Communism: Crimes, Terror, Repression,"
by Jean-Louis Panné (Author), Andrzej Paczkowski (Author), & 6 more



Get to it as soon as you grow up.

Oh, what a wonderful book, over-inflating numbers, numerous mistakes, and having a completely biased perspective, completely ignoring the horrors done by capitalist nations. You should stop desperately searching for books and learn to have actual discussion. The Black Book of Communism Debunked
Again, Mao/stalin.. they did horrible things, but you have to realize what was happening, and realize trying to blame communism is hilarious.

"...to blame communism is hilarious."

Your education continues:

1. "Early socialists publically advocated genocide, in the 19th and 20th centuries. It first appeared in Marx's journal, Rheinishe Zeitung, in January of 1849. When the socialist class war happens, there will be primitive societies in Europe, two stages behind- not even capitalist yet- the Basques, the Bretons, the Scottish Highlanders, the Serbs, and others he calls 'racial trash,' and they will have to be destroyed because, being two stages behind in the class struggle, it will be impossible to bring them up to being revolutionary."
George Watson, Historian, Cambridge University.

a. "The classes and races, too weak to master the new conditions of life, must give way...they must perish in the revolutionary holocaust."
Karl Marx, People's Paper, April 16, 1856, Journal of the History of Idea, 1981

b. "Before Marx, no other European thinker publically advocated racial extermination. He was the first."
George Watson.




2. A year after Lenin's death, 1924, the NYTimes published a small article about a newly established party in Germany, the National Socialist Labor Party, which "...persists in believing that Lenin and Hitler can be compared or contrasted...Dr. Goebell's....assertion that Lenin was the greatest man second only to Hitler....and that the difference between communism and the Hitler faith was very slight...."
November 27, 1925.

Communism Made Easy Did Marx call for the extermination of ethnic minorities
Amazing bullshit, can you even do any research?
You're a joke.

 

[Brain357]

Yes the ceo gets gross amount of money and cheats the tax man.

IDIOT!!! How is he "cheating" IRS if he doesn't get $248 million in his hand? You still don't understand! He didn't get $248 million in cash...you dummy!
He received RSUs... meaning he can't sell until certain things happen and when he does it will be at market value which could be ZERO!

I'm fully aware he is getting gross amounts of money and paying less in taxes than if it was salary.

HE IS NOT getting gross amounts of money!
He is getting RSUs... that he can't sell until things happen... so where is the "gross amount of money"???

284 million is a pretty gross amount in my book.

284 million pennies is a lot. 284 million in RSUs means nothing until he CAN sell them which is WHY they are called RESTRICTED STOCK UNITS!

I will gladly take his RSUs if they are so valueless. Think he will give them to me? With the tax rate he will eventually pay its really more than 284 million compared to salary.

 

[PoliticalChic]

1. Liberal elites and their hand-wringing simpleton paracletes have been moaning about 'income inequality' in an attempt to convince those who function via envy and jealousy that they are VICTIMS!

The playbook never changes.

2. And as proof, they point to CEO salaries...and whine about how unfair the disparity is when compared to the 'average worker.'

"Report: CEOs Earn 331 Times As Much As Average Workers, 774 Times As Much As Minimum Wage Earners. With CEO compensation analysis season in full swing, the AFL-CIO released data this morning stating that American CEOs in 2013 earned an average of $11.7 million–an eye-popping 331 times the average worker's$35,293.Apr 15, 2014"
Report: CEOs Earn 331 Times As Much As Average ...
www.forbes.com/.../report-ceos-earn-331-times-as-much-as-average-...

a. Reading further, the report should give one pause:
"...the AFL-CIO released data this morning stating blah blah blah....."





3. "....this frequently cited AFL-CIO analysis of CEO pay is an example of “statistical bait-and-switch.” Or call it a “statistical canard” or a “statistical fallacy.” Here’s why:

The AFL-CIO is comparing: a) the average salary of a small sample (350) of the highest paid US CEOs, out of a total CEO population in 2013 of 248,760 CEOs, according to BLS data here, and b) the average worker pay for production and nonsupervisory workers, which represents only 8.5 million factory workers out of a total of 136.3 million payroll employees nationwide.

a. "...the AFL-CIO’s reported “CEO-to-worker pay ratio” of 331:1 is calculated by ignoring 99.9% of all US CEOs and 93.8% of all US workers.

b....more accurate description would be to call it a ratio of the pay for 350 of the highest-paid US CEOs to the pay of only 6.2% of the American labor force, or a ratio of an unrepresentative, infinitesimally small, and statistically insignificant group of CEOs to a small minority and unrepresentative group of US factory workers. It’s a completely bogus and meaningless comparison.



4. ....a more statistically valid comparison of CEO pay to average worker in the US pay by considering: a) theaverage annual pay of all US CEOs in every year from 2002 to 2013 (data here) and b) theaverage annual pay of all US workers in a comprehensive, national BLS dataset that includes workers in 22 major occupational groups, 94 minor occupational groups, 458 broad occupations, and 821 detailed occupations (132.6 million workers for 2013). Based on those data, the average CEO earned $178,400 last year, the average worker earned $46,440, and the “CEO-to-worker pay ratio” was 3.84:1,


5. ...the real CEO-to-worker pay ratio has not been increasing as is frequently reported, but instead has been remarkably constant over the last 12 years, averaging 3.8:1 in a tight range between a maximum of 3.89:1 in 2004 and a minimum of 3.69:1 in both 2005 and 2006.


6. In 2013, a full-time minimum wage worker earned $14,500, and therefore the CEO-to-minimum-wage-worker pay ratio was only 12.3:1 compared to the grossly inflated 774:1 ratio reported by the AFL-CIO."
When we consider all US CEOs and all US workers the CEO-to-worker pay ratio falls from 331 1 to below 4 1



Liberal and 'Liar" both begin with "L."
Coincidence?
Hardly.




So sorry that the above post involved numbers, facts, and logic.....

....which, of course, removes said content from the interests of Liberals, Progressives, and Democrats.

Your links don't go to the data you claim.

So, who is the liar now?

Nice trie superchick.

There are two links.

Both work exactly as I posted.

"So, who is the liar now?"

Still waiting to hear how many people are employed by the 350. You claim its a small sample so you must know.

Please quote my 'claim.'

 

[Wry Catcher]

So it's considered a myth among the Conservatives that there is such a thing as income disparity? It is considered a myth that the poor are getting poorer while the wealthy are getting wealthier? It's a myth that a struggling middle class does not constitute a drag on the economy?

If the Conservatives keep declaring reality as myth, what's next?

Perhaps they should replace the elephant with the unicorn as the symbol of their party.

One myth at a time.

It is noted that you haven't been able to deny the message in the OP...that the CEO makes a mere four times what the average worker makes.

Instead, you produce lies and obfuscation.,...it is telling that you haven't provided links to your fabrications.


So....one more lying Liberal checks in.
Seems to be a glut of 'em.
It appears that they have been sorely wounded either by having swallowed the fable about CEO salary.....

....or that the lie itself has been exposed.

Stop calling everyone stupid and/or liars. It's childish and makes you appear more ridiculous each time you do.

Who cares what the CEO of Miller's hardware makes, he's not a member of the power elite in America. What we've shown is the growth of an American aristocracy, a small group of very rich individuals who have access to power - The Congress, The Executive and The Judicial - which none of their workers have.

Avarice is a deadly sin, one which the power elite never seems to understand. History tells us the First and Second Estate's lust for power and wealth will give rise to the hoi polloi - and yes it can happen here.

 

[PoliticalChic]

So it's considered a myth among the Conservatives that there is such a thing as income disparity? It is considered a myth that the poor are getting poorer while the wealthy are getting wealthier? It's a myth that a struggling middle class does not constitute a drag on the economy?

If the Conservatives keep declaring reality as myth, what's next?

Perhaps they should replace the elephant with the unicorn as the symbol of their party.

One myth at a time.

It is noted that you haven't been able to deny the message in the OP...that the CEO makes a mere four times what the average worker makes.

Instead, you produce lies and obfuscation.,...it is telling that you haven't provided links to your fabrications.


So....one more lying Liberal checks in.
Seems to be a glut of 'em.
It appears that they have been sorely wounded either by having swallowed the fable about CEO salary.....

....or that the lie itself has been exposed.

Stop calling everyone stupid and/or liars. It's childish and makes you appear more ridiculous each time you do.

Who cares what the CEO of Miller's hardware makes, he's not a member of the power elite in America. What we've shown is the growth of an American aristocracy, a small group of very rich individuals who have access to power - The Congress, The Executive and The Judicial - which none of their workers have.

Avarice is a deadly sin, one which the power elite never seems to understand. History tells us the First and Second Estate's lust for power and wealth will give rise to the hoi polloi - and yes it can happen here.

If you could be smarter, I could be nicer.

 

[Brain357]

1. Liberal elites and their hand-wringing simpleton paracletes have been moaning about 'income inequality' in an attempt to convince those who function via envy and jealousy that they are VICTIMS!

The playbook never changes.

2. And as proof, they point to CEO salaries...and whine about how unfair the disparity is when compared to the 'average worker.'

"Report: CEOs Earn 331 Times As Much As Average Workers, 774 Times As Much As Minimum Wage Earners. With CEO compensation analysis season in full swing, the AFL-CIO released data this morning stating that American CEOs in 2013 earned an average of $11.7 million–an eye-popping 331 times the average worker's$35,293.Apr 15, 2014"
Report: CEOs Earn 331 Times As Much As Average ...
www.forbes.com/.../report-ceos-earn-331-times-as-much-as-average-...

a. Reading further, the report should give one pause:
"...the AFL-CIO released data this morning stating blah blah blah....."





3. "....this frequently cited AFL-CIO analysis of CEO pay is an example of “statistical bait-and-switch.” Or call it a “statistical canard” or a “statistical fallacy.” Here’s why:

The AFL-CIO is comparing: a) the average salary of a small sample (350) of the highest paid US CEOs, out of a total CEO population in 2013 of 248,760 CEOs, according to BLS data here, and b) the average worker pay for production and nonsupervisory workers, which represents only 8.5 million factory workers out of a total of 136.3 million payroll employees nationwide.

a. "...the AFL-CIO’s reported “CEO-to-worker pay ratio” of 331:1 is calculated by ignoring 99.9% of all US CEOs and 93.8% of all US workers.

b....more accurate description would be to call it a ratio of the pay for 350 of the highest-paid US CEOs to the pay of only 6.2% of the American labor force, or a ratio of an unrepresentative, infinitesimally small, and statistically insignificant group of CEOs to a small minority and unrepresentative group of US factory workers. It’s a completely bogus and meaningless comparison.



4. ....a more statistically valid comparison of CEO pay to average worker in the US pay by considering: a) theaverage annual pay of all US CEOs in every year from 2002 to 2013 (data here) and b) theaverage annual pay of all US workers in a comprehensive, national BLS dataset that includes workers in 22 major occupational groups, 94 minor occupational groups, 458 broad occupations, and 821 detailed occupations (132.6 million workers for 2013). Based on those data, the average CEO earned $178,400 last year, the average worker earned $46,440, and the “CEO-to-worker pay ratio” was 3.84:1,


5. ...the real CEO-to-worker pay ratio has not been increasing as is frequently reported, but instead has been remarkably constant over the last 12 years, averaging 3.8:1 in a tight range between a maximum of 3.89:1 in 2004 and a minimum of 3.69:1 in both 2005 and 2006.


6. In 2013, a full-time minimum wage worker earned $14,500, and therefore the CEO-to-minimum-wage-worker pay ratio was only 12.3:1 compared to the grossly inflated 774:1 ratio reported by the AFL-CIO."
When we consider all US CEOs and all US workers the CEO-to-worker pay ratio falls from 331 1 to below 4 1



Liberal and 'Liar" both begin with "L."
Coincidence?
Hardly.




So sorry that the above post involved numbers, facts, and logic.....

....which, of course, removes said content from the interests of Liberals, Progressives, and Democrats.

Your links don't go to the data you claim.

So, who is the liar now?

Nice trie superchick.

There are two links.

Both work exactly as I posted.

"So, who is the liar now?"

Still waiting to hear how many people are employed by the 350. You claim its a small sample so you must know.

Please quote my 'claim.'

It's in the OP.

Did you really start this rant not even knowing how many employees those 350 ceos have?

 

[PoliticalChic]

1. Liberal elites and their hand-wringing simpleton paracletes have been moaning about 'income inequality' in an attempt to convince those who function via envy and jealousy that they are VICTIMS!

The playbook never changes.

2. And as proof, they point to CEO salaries...and whine about how unfair the disparity is when compared to the 'average worker.'

"Report: CEOs Earn 331 Times As Much As Average Workers, 774 Times As Much As Minimum Wage Earners. With CEO compensation analysis season in full swing, the AFL-CIO released data this morning stating that American CEOs in 2013 earned an average of $11.7 million–an eye-popping 331 times the average worker's$35,293.Apr 15, 2014"
Report: CEOs Earn 331 Times As Much As Average ...
www.forbes.com/.../report-ceos-earn-331-times-as-much-as-average-...

a. Reading further, the report should give one pause:
"...the AFL-CIO released data this morning stating blah blah blah....."





3. "....this frequently cited AFL-CIO analysis of CEO pay is an example of “statistical bait-and-switch.” Or call it a “statistical canard” or a “statistical fallacy.” Here’s why:

The AFL-CIO is comparing: a) the average salary of a small sample (350) of the highest paid US CEOs, out of a total CEO population in 2013 of 248,760 CEOs, according to BLS data here, and b) the average worker pay for production and nonsupervisory workers, which represents only 8.5 million factory workers out of a total of 136.3 million payroll employees nationwide.

a. "...the AFL-CIO’s reported “CEO-to-worker pay ratio” of 331:1 is calculated by ignoring 99.9% of all US CEOs and 93.8% of all US workers.

b....more accurate description would be to call it a ratio of the pay for 350 of the highest-paid US CEOs to the pay of only 6.2% of the American labor force, or a ratio of an unrepresentative, infinitesimally small, and statistically insignificant group of CEOs to a small minority and unrepresentative group of US factory workers. It’s a completely bogus and meaningless comparison.



4. ....a more statistically valid comparison of CEO pay to average worker in the US pay by considering: a) theaverage annual pay of all US CEOs in every year from 2002 to 2013 (data here) and b) theaverage annual pay of all US workers in a comprehensive, national BLS dataset that includes workers in 22 major occupational groups, 94 minor occupational groups, 458 broad occupations, and 821 detailed occupations (132.6 million workers for 2013). Based on those data, the average CEO earned $178,400 last year, the average worker earned $46,440, and the “CEO-to-worker pay ratio” was 3.84:1,


5. ...the real CEO-to-worker pay ratio has not been increasing as is frequently reported, but instead has been remarkably constant over the last 12 years, averaging 3.8:1 in a tight range between a maximum of 3.89:1 in 2004 and a minimum of 3.69:1 in both 2005 and 2006.


6. In 2013, a full-time minimum wage worker earned $14,500, and therefore the CEO-to-minimum-wage-worker pay ratio was only 12.3:1 compared to the grossly inflated 774:1 ratio reported by the AFL-CIO."
When we consider all US CEOs and all US workers the CEO-to-worker pay ratio falls from 331 1 to below 4 1



Liberal and 'Liar" both begin with "L."
Coincidence?
Hardly.




So sorry that the above post involved numbers, facts, and logic.....

....which, of course, removes said content from the interests of Liberals, Progressives, and Democrats.

Your links don't go to the data you claim.

So, who is the liar now?

Nice trie superchick.

There are two links.

Both work exactly as I posted.

"So, who is the liar now?"

Still waiting to hear how many people are employed by the 350. You claim its a small sample so you must know.

Please quote my 'claim.'

It's in the OP.

Did you really start this rant not even knowing how many employees those 350 ceos have?

Please quote my 'claim.'


You've been asked nicely, twice now.

 

[Marxist]

Your links don't go to the data you claim.

So, who is the liar now?

Nice trie superchick.

There are two links.

Both work exactly as I posted.

"So, who is the liar now?"

Still waiting to hear how many people are employed by the 350. You claim its a small sample so you must know.

Please quote my 'claim.'

It's in the OP.

Did you really start this rant not even knowing how many employees those 350 ceos have?

Please quote my 'claim.'

Amazing. I was warned about you on my introduction thread.

 

[PoliticalChic]

There are two links.

Both work exactly as I posted.

"So, who is the liar now?"

Still waiting to hear how many people are employed by the 350. You claim its a small sample so you must know.

Please quote my 'claim.'

It's in the OP.

Did you really start this rant not even knowing how many employees those 350 ceos have?

Please quote my 'claim.'

Amazing. I was warned about you on my introduction thread.

As I have revealed you to be an immature, uneducated, dunce....

...it seems the 'warning' was appropriate.

 

[Marxist]

Still waiting to hear how many people are employed by the 350. You claim its a small sample so you must know.

Please quote my 'claim.'

It's in the OP.

Did you really start this rant not even knowing how many employees those 350 ceos have?

Please quote my 'claim.'

Amazing. I was warned about you on my introduction thread.

As I have revealed you to be an immature, uneducated, dunce....

...it seems the 'warning' was appropriate.

You haven't revealed anything at all, and you're trying to call me uneducated and immature?

 

[SAYIT]

Then you should find ALL CEOs doing BAD THINGS ALL THE TIME RIGHT?
EVERY CEO in existence is the bad guy doing bad things ALL the time right???
Should be able to pick up CEOs all over the place! They should ALL be put in jail right???

Nope. Sure sounds like the 350 are getting paid grossly high salaries however. And as was going on with Jobs many are probably working to hold down employees wages illegally. Are you ok with what those tech companies were doing?

Meanwhile 497 labor union officers and employees were paid more than $250,000 last year, Laborers' International Union of North America president Terry O'Sullivan was paid $670,403 in 2014. Go drink your own Kool-aid.

Here is a question for you. What's better for the economy, 500 people making good money or one idiot making gross amounts of money?

So do you understand that this CEO is NOT GETTING $284 million in his hand today? He can't go out and spend it. He has to meet certain conditions.
Now even if he did get $284 million in a lump sum. What do you think he would do?
A) Spend it all right... ok good for the economy just the same as 500 people right?
B) He saves it! SO what? Do you really think he would put it in a mattress or bury in the backyard? ARE YOU that f...king dumb???

What is better for the economy is NOT this continued hatred and ignorance of how the economy works!
A perfect example is our idiot president who would prefer 1,400 companies go to out of business laying off 400,000 people and eliminating $100 billion in taxes a year!
This idiot like you have such little comprehension of how markets/economy/capitalism works it is to be pitied!

Yes he gets gross amounts of money and cheats the tax man. I understand that completely...

You understand absolutely squat and you assume he cheats the tax man because you believe everyone is a thief like you.

 

[SAYIT]

As I have revealed you to be an immature, uneducated, dunce....
...it seems the 'warning' was appropriate.

You haven't revealed anything at all, and you're trying to call me uneducated and immature?

It's pretty obvious.