Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
- 37,439
- 2,290
Wealth is created by the employeesYou only have an opinion. A business decides on what the best way to spend money is.
If not for that CEO, those lowly minimum wage workers might not even have that job.
So why do CEO's make that kind of money? It works like this:
You and I manufacture widgets. We are in competition with each other. I would like to take your customers away and you would like to take mine away.
A CEO is available for work that has an outstanding performance record. He or she has turned companies in the red into companies in the black. For companies not in that position, he has doubled sales and gross income for the companies he's worked for.
The CEO wants 5 mil a year to work for me. I have no choice but to pay him that kind of money, because if I don't, you will, and he will use his business experience to take my customers away and create a better product using less labor, less costs, and create more profit.
BTW, love the new pict.
Thanks for the compliment, but that isn't going to change my mind! They are certainly not worth that much. They don't bring in business. The PRODUCT is what brings customers around.
A company doesn't pay people not to produce anything. If a company believed that a CEO is not worth that kind of money, they would find a cheaper CEO and pay him much less. But you get what you pay for.
It's just like the Super Bowl where they were paying something like 5 million dollars to run a 30 second ad. They are not paying that kind of money because they have too much money and need to get rid of some. Those 5 million dollar ads likely bring in 10 million or more in sales.
So do you think those ads were overpriced, and if so, how?We now have a flat tax system- EVERYONE paying 20-30% in all taxes. With all the new wealth going to the richest. People aren't paid enough and are taxed too much. End of story, dupe..They also make more than 90% of the income lol. That's pure RW propaganda. Fed income taxes are now no more than payroll taxes that are mainly paid by the middle class, and state and local taxes and fees ditto.The top 10% of wage earners pay nearly 70% of all collected income taxes. You have no idea WTF you're even talking about.
No, income taxes are completely different. If you ever worked in your life, you would realize what payroll taxes are.
Payroll taxes are mostly Social Security. Then you have state, city or county depending on where you live. But none of that money buys your liberal goodies such as food stamps, welfare, child care or free lunch. All that and much more comes from income taxes which nearly half of the workers in our country don't pay.
Now if you think it's propaganda, then find me one reliable source that states otherwise. Until that time, you will just have to accept that the top 10% of wage earners in this country DO pay 70% of all collected income taxes.
Wealth doesn't "GO" anywhere. Wealth is earned.
Nope, that's because employees didn't invest one dime into the operation. Employees don't take the risk of keeping a business open every single working day. Employees don't sell the product they make, they only produce the product or service.
Wealth is created by manufacturing a product or providing a service and making a profit at it. The only workers that produce wealth are those who work for themselves.