Why do American CEOs get paid so much?

Discussion in 'Budget & Taxes' started by LafayetteBis, Aug 21, 2018.

  1. Battle3

    Battle3 Banned

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    LOL, you contradict your own arguement.

    Why is the Duke of Westminster so wealthy? Because he used the land, you even admit he used it (he rented it to others)>

    LOL you so utterly FAIL.
     
  2. Reiver

    Reiver Well-Known Member

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    Technically he exploits the land.
     
  3. Old Man Fred

    Old Man Fred Active Member

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    The only way government can fight wealth inequality is by taking private property, which leads to larger government, while making sure that the poor remain just as poor.
     
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  4. bringiton

    bringiton Well-Known Member

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    False.
    The government shovels money into his pockets.
    That's a bald falsehood.
    BWAHAHHAHAAAA!! Uh, making others PAY YOU for not stopping THEM from using land is not the same as YOU using the land. See the difference?
    As they say in Japan, "It's mirror time!"
     
  5. bringiton

    bringiton Well-Known Member

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    Most of which consists of people's rights to liberty, which government has forcibly stripped from them and MADE INTO others' private property.
    Funny, all the land in China is publicly owned, and they seem to be getting very rich very quickly.
     
  6. 61falcon

    61falcon Well-Known Member

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    Because they are greedy bastards and greed conquers all.It's the capitalist way.
     
  7. Old Man Fred

    Old Man Fred Active Member

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    I'm guessing you don't know much about China.

    Violently suppressing labor rights and rampant inflation are great ways to get rich.
     
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  8. Empress

    Empress Well-Known Member

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    Big wigs in the government are. Their vast armies of millions of cheapo laborers certainly are not.
     
  9. Empress

    Empress Well-Known Member

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    You conflate ethical lapses with capitalism as if the two are inseparably joined at the hip. Tone down the Marx.
     
  10. Reiver

    Reiver Well-Known Member

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    Marx, like Schumpeter, referred to capitalism's success. For ethical issues probably better to refer to Smith
     
  11. Mircea

    Mircea Well-Known Member

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    They don't.

    Average CEO pay is $231,080 a year.

    https://www.bls.gov/oes/current/oes111011.htm

    Publicly-traded corporations are only 3% of all US businesses. The other 97% of US businesses are general, limited and limited liability partnerships, limited liability companies and S-Corps (who are barred from selling stocks).

    Publicly-traded corporations employ 5.84% of the work-force, or less than 9 Million workers (out of more than 156 Million workers).

    Can you explain why you cherry-pick 3% of CEOs and then rant?
     
  12. Well Bonded

    Well Bonded Well-Known Member Donor

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    Because they are worth it.

    Also keep in mind a lot of that compensation is in company stock which they must by contract hold for a set numbers of years, this is what is commonly known as an incentive, something a lot of clock punchers have no clue about.
     
  13. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Sez you.

    Accumulating riches is NOT THE ULTIMATE GOAL OF ANY RATIONAL ECONOMY. Why? Because an economy is not a sports game where winning is all that matters.

    The most important aspect of any truly functional economy is NOT THIS:
    [​IMG]

    Perfect Income Equality would look like this:
    [​IMG]
    The above is not attainable in any market-economy today. Communism tried and failed to implement it by means of controlling all facets of Supply & Demand. It never worked.

    But neither is the America's version of Income Disparity today desirable, which is measured by economists by means of the Gini Coefficient. An international representation of Gini Coefficient Income Disparity today looks like this seen here, where the US ranks the highest of any developed nation.

    And for the world it looks like this:
    [​IMG]

    Yes, read it and weep. The US has the highest Gini Coefficient of any developed nation!
     
    Last edited: Jan 7, 2019
  14. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Well, the Communist Way was no better.

    So, the truth must be somewhere in between ...
     
  15. Well Bonded

    Well Bonded Well-Known Member Donor

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    The problem with your entire theory is everyone is equal and that is simply not true.

    Some people are machines they push themselves in ways that would unfathomable to most people and they tend to be compensated as such.

    A diminishing majority, are people who want a decent life and are willing to a degree to work for it.

    Then there the takers, an ever increasing soon to be a majority that leaches off of society, they take and give nothing back and then demand more while bitching about income inequality.

    The system as it is will fail, there is not enough taxable money at the top to balance the books and the middle class is dropping out tired of working all the time and being taxed into poverty to support the leaches.

    If not changed the system will collapse and then things will get real ugly, real fast.
     
  16. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Yes, in a democracy that is NOT WARPED BY GERRYMANDERING AND THE ELECTORAL COLLEGE, each one of us has an equal vote to determine our political leadership![/QUOTE]

    No it wont, unless there is a Great Recession 3 of our own making. The "system" will collapse like any significant recession, and poor will suffer most the consequences - because they don't get off their backsides and vote properly.

    What must happen in America is this:
    *First, people must understand that the two predominant requirements of any governance is to assure both Health and Education.
    *Secondly, that is not at all the case at present in the US, because of some archly conservative nonsense about "free markets". The Replicant dolts have not understood that Health and Education are NOT MARKETS!
    *Thirdly, there are fundamental national priorities far more important than the DoD, which is not much more than a corporate boondoggle for a very small section of our economy. In fact, the DoD-budget swallows nearly 50% of the National Discretionary Budget. And the US is the only developed nation in which that sad fact happens ...
     
  17. Well Bonded

    Well Bonded Well-Known Member Donor

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    No it wont, unless there is a Great Recession 3 of our own making. The "system" will collapse like any significant recession, and poor will suffer most the consequences - because they don't get off their backsides and vote properly.

    What must happen in America is this:
    *First, people must understand that the two predominant requirements of any governance is to assure both Health and Education.
    *Secondly, that is not at all the case at present in the US, because of some archly conservative nonsense about "free markets". The Replicant dolts have not understood that Health and Education are NOT MARKETS!
    *Thirdly, there are fundamental national priorities far more important than the DoD, which is not much more than a corporate boondoggle for a very small section of our economy. In fact, the DoD-budget swallows nearly 50% of the National Discretionary Budget. And the US is the only developed nation in which that sad fact happens ...[/QUOTE]

    And since you don't even understand the U.S. is not a democracy, why else should anything you post be taken seriously.
     
  18. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    What's a democracy? Not something you've got on your brain for the moment.

    It's damn simple:
    The above applies wholly to the US. You needn't warp the meaning to agree with some arcane definition you are trying to promote here ...
     
    Last edited: Jan 8, 2019
  19. Well Bonded

    Well Bonded Well-Known Member Donor

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    A democracy is mob rule.
     
  20. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Ad homimen.

    You go on Ignore ...
     

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