I was wrong

[rightwinger]

were companies not successful when ceo's made $10 million a year vs the $100 million?

 

[Darkwind]

What do the mega-rich do with their money? They couldn't possibly spend it all.

Invest it into companies, of course. Companies = Jobs

Oh really?
Ya sure they didn't get insanely rich by moving companies OUT of the country?

No, they became insanely rich by making solid business decisions. When a socilistic government deems it unfair for them to be rich and decide that they will be redistributing those vast riches to people who are not deserving, then it just makes sense that they should move their companies and other assets out of this country.

The single largest reason that the rich move to third world countries is because of the socialists.

 

[Darkwind]

What do the mega-rich do with their money? They couldn't possibly spend it all.

Invest it into companies, of course. Companies = Jobs

Oh really? Name a company started up that provided lots of jobs in america by a wealthy person investing.

Your statement is a myth. The jobs are being provided in third world countries

Open up the small business directory in any city and you will see jobs and business that have benefited from the rich. Or where do you think that the small businesses in this country get the money lent to them? The generosity of the banks? The generosity of the poor? The generosity of the The Obama (may his tents be plentiful)?

 

[Darkwind]

You people act as if the rich are keeping the less fortunate from becoming successful.

This is not a zero sum game. Just because they are rich does not mean that you cannot also be well off.

 

[Mad Scientist]

When I said the top 10% of our nation owns more wealth than the bottom 90% combined, it's actually the top 1%. That's ONE.

So America is 99% lazy?

 

[Charles Stucker]

You people act as if the rich are keeping the less fortunate from becoming successful.

Politicians from both sides enact laws and tax structures which make is extremely difficult for the working people to advance to the ranks of the wealthy. A joke back when I was younger about wealthy folks who abandoned their US citizenship for tax breaks was "Who needs to vote when you can buy a senator."
It turns out the joke was on the working class.

 

[mdn2000]

The bottom 10% of the usa's population refuse to work.

 

[Darkwind]

You people act as if the rich are keeping the less fortunate from becoming successful.

Politicians from both sides enact laws and tax structures which make is extremely difficult for the working people to advance to the ranks of the wealthy. A joke back when I was younger about wealthy folks who abandoned their US citizenship for tax breaks was "Who needs to vote when you can buy a senator."
It turns out the joke was on the working class.

Difficult is your answer for why people can't get wealthy?

If it was easy, we'd all be doing it. Take risks and work hard and you too can become wealthy.

In the end, your position in life is your making. Not the making of some nebulous concept of 'The Rich'.

 

[Nosmo King]

When I said the top 10% of our nation owns more wealth than the bottom 90% combined, it's actually the top 1%. That's ONE.

FDL News Desk » Goldman Sachs Vice-Chair: People Must “Tolerate the Inequality”

I can’t speak for Britain, but here in America we have been tolerating the inequality for quite a while. In America, the richest 1% hold more wealth than the bottom 90% combined and are making the largest share of national income since right before the stock market crash in 1928. Executives receive one-third of all compensation in the US. Over the last five years, executives received a 48% increase while wages for everyone else were flat. The gap between the rich and the poor tripled between 1979 and 2006. And this trend has continued even during the current recession.

<<<

I think it's passed time for the rest of us to stop putting up with our wealth being stolen from us while the super wealthy get even richer at our expense and the expense of our children. No country can long survive with the majority of it's wealth in the hands of a few. When are we, as Americans going to realize that and actually do something about it?

Sheila.. How is your wealth being stolen from you? Please be specific. How are the wealthy taking your wealth away from you?

I can't speak for Shelia, but my wealth was speculated away by hedge fund managers. They saw a way to work the system by buying unregulated bets on the finacial amrket (derivatives). If they aren't pulling shenanigans like this, they are boxing up the factories here and literally shipping the means of production to the third world. They still keep the [profits, but we lose our jobs, our communities and our futures.

Thanks, capitalism! you keep winning in spite of the havoc you wreak!

 

[Nosmo King]

The bottom 10% of the usa's population refuse to work.

prove it

 

[Ame®icano]

X amount is spent on payroll...whether the ceo is given 500 times the employee avg salary or given just 100 times the avg employee salary....the workers are the ones that take the hit after the CEO takes his fair share or more than his fair share of the payroll allotment based on projected sales.

Care

Let's say your company of 1000 employees doesn't make any profit, or worse, them have loses. They try to stay above the water, lay off some workers, enforce paycuts, no bonuses, and is not working. Share holders and investors are not getting dividends, company is at the edge of survival, nobody's happy.

Then they hire new CEO who demands his bonus to be 1/3 of profit that company made. With his skills and decisions, company gets on his feet, workers get paid their salaries plus bonuses, shareholders are happy. Jobs are "saved or created". What's wrong with that?

that ceo can do the same job without taking 1/3 of the shareholder's money, i can assure you, this is the case! the company CAN find a ceo to take them out of their profit slump without giving the farm away.... there is never a case where a ceo is worth 1/3 or even $100 million of any corporation's profit.... those things only happen because of board of directors and ceo's watching eachother's backs....i have known many ceo's, they are not any smarter than the vp's or directors they hire that actually do the job needed to get the job done.....ceo's are responsible for having the right people working for them...which is a pretty important job but not worth hundreds of millions in shareholder's money....again in my opinion.

were companies not successful when ceo's made $10 million a year vs the $100 million?

now they make the $100 million a year when their companies are on the brink of bankruptcy....that is wrong....it steals from stockholders.

It depends the way you look at it.

Remember K-mart bankruptcy where one CEO (Conaway) abused the system and f*cked up the company, and another (Lampert) bought failing company with his hedge fund, he surrounded himself with right people, lifted company back on it's feet, later bought Sears and company is making profits again. Now tell me, why Lampert doesn't deserve bonus if company is saved almost exclusively thanks to him.

 

[Ame®icano]

What do the mega-rich do with their money? They couldn't possibly spend it all.

Invest it into companies, of course. Companies = Jobs

Oh really? Name a company started up that provided lots of jobs in america by a wealthy person investing.

Your statement is a myth. The jobs are being provided in third world countries

Wynn Resorts, 40,000 employees.

 

[Ame®icano]

You people act as if the rich are keeping the less fortunate from becoming successful.

Politicians from both sides enact laws and tax structures which make is extremely difficult for the working people to advance to the ranks of the wealthy. A joke back when I was younger about wealthy folks who abandoned their US citizenship for tax breaks was "Who needs to vote when you can buy a senator."
It turns out the joke was on the working class.

Remember what you said next time you vote.

 

[Meister]

How does one get their wealth stolen from them?

When some are taking more than their share of the common wealth, more than they even need, that is theft. Whether stolen by legal or illegal means, it is still theft.

Wow....I guess what your saying is that we need the government to step in and tell people how much they should earn....kind of like what they are doing right now. Of course, the Pelosi's and the reid's, Feinstein's, Kennedy's, ect. will be exempt from this process.
I guess in your world there is no such thing as a government that is too big. I'm not sure, but I do believe this is what is happening in places like China, and Cuba. just sayin...

 

[Meister]

What do the mega-rich do with their money? They couldn't possibly spend it all.

Invest it into companies, of course. Companies = Jobs

Oh really? Name a company started up that provided lots of jobs in america by a wealthy person investing.

Your statement is a myth. The jobs are being provided in third world countries

Open up the small business directory in any city and you will see jobs and business that have benefited from the rich. Or where do you think that the small businesses in this country get the money lent to them? The generosity of the banks? The generosity of the poor? The generosity of the The Obama (may his tents be plentiful)?

Major corporations subcontract out creating smaller businesses to supply needed products for the corporations.

 

[mdn2000]

The bottom 10% of the usa's population refuse to work.

prove it

disprove it, fool.

 

[noose4]

When I said the top 10% of our nation owns more wealth than the bottom 90% combined, it's actually the top 1%. That's ONE.

FDL News Desk » Goldman Sachs Vice-Chair: People Must “Tolerate the Inequality”

I can’t speak for Britain, but here in America we have been tolerating the inequality for quite a while. In America, the richest 1% hold more wealth than the bottom 90% combined and are making the largest share of national income since right before the stock market crash in 1928. Executives receive one-third of all compensation in the US. Over the last five years, executives received a 48% increase while wages for everyone else were flat. The gap between the rich and the poor tripled between 1979 and 2006. And this trend has continued even during the current recession.

<<<

I think it's passed time for the rest of us to stop putting up with our wealth being stolen from us while the super wealthy get even richer at our expense and the expense of our children. No country can long survive with the majority of it's wealth in the hands of a few. When are we, as Americans going to realize that and actually do something about it?

it will be a while, we have working class types trying to pull down other working class types, union busting, work standards being lowered, de regulations giving even more of an advantage to those at the top, the American working class is sinking and i see no end in sight.

 

[rightwinger]

You people act as if the rich are keeping the less fortunate from becoming successful.

Politicians from both sides enact laws and tax structures which make is extremely difficult for the working people to advance to the ranks of the wealthy. A joke back when I was younger about wealthy folks who abandoned their US citizenship for tax breaks was "Who needs to vote when you can buy a senator."
It turns out the joke was on the working class.

Exactly,

The wealthy get that way not by taking risks but by ensuring there is no risk in their investments. They do this by applying the Golden Rule:
He who has the gold, makes the rules
They don't steal money directly from the working class, but get government assistance in establishing rules and laws that ensure they will make money. The tax code is written by the rich/ for the rich to maintain wealth.

 

[noose4]

How does one get their wealth stolen from them?

When some are taking more than their share of the common wealth, more than they even need, that is theft. Whether stolen by legal or illegal means, it is still theft.

Who the hell are you to presume that one who has more than another that they stole it.

Unless of course you are changing the definition of theft.

So in your mind if I sell something to someone and make a profit then I stole that profit from the person I sold a product?

simple in the past executives made say 50 times what the average worker made while today that is more like 500 times what the average worker makes, so when one chooses to keep even more of the money produced by the labors of the workers and not advance the workers compensation and in many cases in this day and age reduce the workers compensation then it is the working people who are being stolen from, throw in union busting, downsizing while asking workers to produce more with less, plus outsourcing and you will find a bad time getting worse for the American working class.

 

[eagleseven]

The CEO of Ford makes $20 million a year, and Ford hires 213,000 employees.

If they took the CEO's salary and distributed it to the workers, each worker would get a $100 bonus at the end of the year.

Would that $100 really make a difference in your standard of living? The rhetoric is nice, but it doesn't match the numbers. The level of responsibility you have in an organization is directly reflected in your pay. We can't all be CEOs.

This is why socialism always fails to live up to expectations...the raw numbers never match the rhetoric.