Admiral Rockwell Tory
Diamond Member
No deal Huckleberry.Stop being a dumbass and I won't tell the world your little secret.
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That just is further proof that you are a dumbass!
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No deal Huckleberry.Stop being a dumbass and I won't tell the world your little secret.
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Lets just say I'm on Angelo's side on this issue. The top 1% are not gods that we need to worship from afar. The DC establishment system of "one hand washes the other" and both get rich is not a good long term system. I'll use the law that gave tax breaks to move jobs overseas as an example of capitalism that hurts the country.
How the Tax Plan Will Send Jobs Overseas - The Atlantic
Bain Capital and Gordon Gekko's method of Corporate Raiding doesn't generally help the workers.
You post like capitalism and socialism are binary systems. They are not. Teddy Roosevelt showed some of the type of governing that we need today. A more level playing field.
So, what do we do that does not infringe on people's liberty and freedoms?
For argument's sake, put in a compensation system like Japan's that keeps all the worker's compensation relative to the Exec compensation. Call it "distributed profit sharing" where the top execs don't get all the rewards/bonuses.
Do that in your company and maybe others will follow. You cannot use the force of law to do so.
Is that in the Constitution, or are you just pulling rank?
Agreed privately owned companies can do whatever the fuck they want. My argument is for publicly traded corporations, that get tax breaks, government contracts, etc.
So your real expertise is backpedaling? Do you realize now how few companies you are talking about as compared to the whole of the American economy? That is still improper.
As for the Constitution, the federal government can only regulate interstate commerce, so anyone who doesn't is exempt from your ruling by fait accompli. Right?
equal protection of the law could be funded by employers; for unemployment compensation on an at-will basis in our at-will employment States.The American dream is very much alive and well
for a few folks. ( According to a 2017 study by the Economic Policy Institute (EPI ).
The global elite are getting ready to gather in the Swiss Alps for the World Economic Forum (WEF), and while the backdrop may be one of “deepening gloom over the global economic and political outlook,” a new analysis reveals that for at least some of the attendees, the outlook is sunnier than ever.
Released by Bloomberg just ahead of the gathering in Davos, it shows how the net worth of some of the “gold-collar executives” that will be attending have surged in the ten years since the financial crisis.
JPMorgan Chase chairman and CEO Jamie Dimon, for example, now holds $1.5 billion—a threefold increase over the decade. Stephen Schwarzman, co-founder and CEO of private equity giant Blackstone, meanwhile, saw his wealth surge sixfold, as his net worth is now $12.3 billion. Rupert Murdoch’s wealth similarly went up nearly sixfold, with his fortune now at $18.3 billion. Salesforce CEO Marc Benioff, for his part, is now worth $6.5 billion—a more than ninefold increase.
But, the reporting notes, while the economic elite are enjoying a bigger slice of the pie, for regular Americans, “Wages have stagnated and while equity markets have risen, fewer U.S. adults are invested in the stock market than in 2009.”
“The data illustrate the ever-widening gap between the true haves—those in the 0.1 percent—and the have-nots of a global economy,” it adds.
To further illustrate the divide, the reporting also points to a study released last year by the Economic Policy Institute (EPI), which found that in 2017, the CEO-to-worker compensation ratio was 312-to-1.
Continued;
Davos Elites Are Wealthier Than Ever
Old drunks tend to do that....., but then I repeat myself.
Then why don't you do it more often?
I don't drink thanks, because I don't want to die. Try your lame insults elsewhere.
High ratios of CEO pay to the average workers pay in their company is not a stabilizing sort of thing.
In most industrialized countries around the world it is around 20:1 to 30:1.
In the USA workers wages have been stagnant when adjusted for inflation and taxes while CEOs pay has sky-rocketed. We have seen ratios of 300:1 up to 420:1 over the last 40 years.
The problem with that, aside from simple unfairness, is that this high ratio destabilizes the economy by concentrating the concentration of wealth higher than the 20:80 ratio of the Pareto Distribution. Systems that concentrate much higher than this natural ratio or subject to panics, fads (the sum of which = bubbles and busts), and causes an increase in discontent and social unrest.
To fix this we need to look at our economic policies to see what is favoring such imbalance and what might be done to smooth out the distribution of wealth by providing more opportunity for workers and tax breaks to companies that have a more equitable CEO to worker pay ratio.
To simply take the money through taxes and give it away is destructive to wealth creation and property rights and does not create a long term solution for workers, making them further dependent on the government.
And he's only a year older than me.Hate to break it to you, but you are still going to die...
Yawn.The American dream is very much alive and well
for a few folks. ( According to a 2017 study by the Economic Policy Institute (EPI ).
The global elite are getting ready to gather in the Swiss Alps for the World Economic Forum (WEF), and while the backdrop may be one of “deepening gloom over the global economic and political outlook,” a new analysis reveals that for at least some of the attendees, the outlook is sunnier than ever.
Released by Bloomberg just ahead of the gathering in Davos, it shows how the net worth of some of the “gold-collar executives” that will be attending have surged in the ten years since the financial crisis.
JPMorgan Chase chairman and CEO Jamie Dimon, for example, now holds $1.5 billion—a threefold increase over the decade. Stephen Schwarzman, co-founder and CEO of private equity giant Blackstone, meanwhile, saw his wealth surge sixfold, as his net worth is now $12.3 billion. Rupert Murdoch’s wealth similarly went up nearly sixfold, with his fortune now at $18.3 billion. Salesforce CEO Marc Benioff, for his part, is now worth $6.5 billion—a more than ninefold increase.
But, the reporting notes, while the economic elite are enjoying a bigger slice of the pie, for regular Americans, “Wages have stagnated and while equity markets have risen, fewer U.S. adults are invested in the stock market than in 2009.”
“The data illustrate the ever-widening gap between the true haves—those in the 0.1 percent—and the have-nots of a global economy,” it adds.
To further illustrate the divide, the reporting also points to a study released last year by the Economic Policy Institute (EPI), which found that in 2017, the CEO-to-worker compensation ratio was 312-to-1.
Continued;
Davos Elites Are Wealthier Than Ever
The American dream is very much alive and well
for a few folks. ( According to a 2017 study by the Economic Policy Institute (EPI ).
The global elite are getting ready to gather in the Swiss Alps for the World Economic Forum (WEF), and while the backdrop may be one of “deepening gloom over the global economic and political outlook,” a new analysis reveals that for at least some of the attendees, the outlook is sunnier than ever.
Released by Bloomberg just ahead of the gathering in Davos, it shows how the net worth of some of the “gold-collar executives” that will be attending have surged in the ten years since the financial crisis.
JPMorgan Chase chairman and CEO Jamie Dimon, for example, now holds $1.5 billion—a threefold increase over the decade. Stephen Schwarzman, co-founder and CEO of private equity giant Blackstone, meanwhile, saw his wealth surge sixfold, as his net worth is now $12.3 billion. Rupert Murdoch’s wealth similarly went up nearly sixfold, with his fortune now at $18.3 billion. Salesforce CEO Marc Benioff, for his part, is now worth $6.5 billion—a more than ninefold increase.
But, the reporting notes, while the economic elite are enjoying a bigger slice of the pie, for regular Americans, “Wages have stagnated and while equity markets have risen, fewer U.S. adults are invested in the stock market than in 2009.”
“The data illustrate the ever-widening gap between the true haves—those in the 0.1 percent—and the have-nots of a global economy,” it adds.
To further illustrate the divide, the reporting also points to a study released last year by the Economic Policy Institute (EPI), which found that in 2017, the CEO-to-worker compensation ratio was 312-to-1.
Continued;
Davos Elites Are Wealthier Than Ever
Worker co-ops are the future.
For one quick example.
Say there's a town with 5000 layed-off workers who decide they all want to start their own company in the solar energy industry.
Why shouldn't they be able to ? Why does it have to be the Koch Brothers or the Waltons who are born with wealth and own everything ?
For one quick example.
Say there's a town with 5000 layed-off workers who decide they all want to start their own company in the solar energy industry.
Why shouldn't they be able to ? Why does it have to be the Koch Brothers or the Waltons who are born with wealth and own everything ?
Not the scenario I had in mind.In the end analysis, those "successful" Cleveland co-ops contribute $13/hour for 300 workers. It's what the market can bear and what the economics dictate. A singly Walmart would be 4 times more productive for that community...
Not the scenario I had in mind.In the end analysis, those "successful" Cleveland co-ops contribute $13/hour for 300 workers. It's what the market can bear and what the economics dictate. A singly Walmart would be 4 times more productive for that community...
I'm talking about 5000 people all equally-invested in a Solar Energy company. A company that manufactures, distributes and installs solar panels. No outside private ownership or subcontractors involved.
A basic breakdown would be --200 executives who would be elected democratically ( product design, architecture, sales, management, bookkeeping, human resources etc ) 800 skill-level 1 (electricians, engineers, maintenance technicians...), 2500 skill-level 2 (delivery drivers, installation, repairs...), and 1500 skill-level 3 (manufacturing, warehouse, vehicle and equipment maintenance...)
Salaries would be based on skill and education level, experience and other basic qualifications but relatively fair. ( ranging from $900,000 a year top to $100,000 bottom maybe plus everyone gets profit-sharing ). The managers of the company will be elected and reelected every few years and so on.