CDZ Would a federal law limiting the ceo/board to 100 times

Discussion in 'Clean Debate Zone' started by ScienceRocks, Dec 16, 2016.

  1. ScienceRocks
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    ScienceRocks Blue dog all the way!

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    Would a federal law limiting the ceo/board(upper management) to 100 times the avg pay of the employees below them work? This within my opinion would be the best way to stop the current trend of all the wealth going towards the wealthy and away from our low and middle class.

    If the boss is making 100 times the avg empoyee and wants to make more. Well, he will have to raise the pay of his/her/its entire work force to do it.This will more fairly spread the profit throughout society.


    I've got no problem with the boss making more money but there has to be a limit. I am putting this discussion in the clean zone so I can read what you think without the normal hate.
     
  2. TNHarley
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    TNHarley Diamond Member

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    So where are you going to FORCE the rest of the profit to go?
     
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  3. SassyIrishLass
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    SassyIrishLass Diamond Member

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    That's not how a business and capitalism works. Take your pipe dream and stick it
     
  4. WillHaftawaite
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    WillHaftawaite Freshman Moderator Staff Member Supporting Member

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    no

    compensation will be made in other ways
     
  5. AnCap'n_Murica
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    AnCap'n_Murica Gold Member

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    No.

    Centralized price controls of ANYTHING never, ever work.
     
  6. DGS49
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    DGS49 Gold Member

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    The CEO works for the stockholders. The stockholders have the ability to hire and fire the CEO, and can adjust his or her pay as the Board sees fit. Congress has no constitutional authority to set wages, either at the bottom or the top of the scale. The Minimum Wage law, for example is blatantly unconstitutional, as well as being stupid and immoral.

    This concept is the law in some countries that do not have the same restraints as our Constitution places on Congress. Whether there is any value to it is questionable.

    It can reasonably be said of EVERY SINGLE EMPLOYEE of the company in question that THAT JOB is the BEST OPTION THE EMPLOYEE HAS, all things considered. If the employee were "worth" more and chose to pursue what they are "worth," there is nothing preventing him or her from finding another job, where the employer is willing to pay more, or to go into business for himself and REALLY make what he is worth.

    "Inequality" is not a problem, and anyone who believes that it is should really give the matter some more thought. As long as the person at the top did not steal the money or get it by other illegal means, his income or wealth should have no bearing whatsoever on the compensation of anyone else in the organization. The problem is poverty and a lack of opportunity at the bottom. Both Left and Right can agree on this, and work to find solutions.

    By defining the problem as "inequality," the import is that some people have "too much income" or "too much wealth," which is a socialist concept with no validity in our society. Assuming, as above, that the income or wealth was not gained by nefarious means.
     
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  7. bear513
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    bear513 Platinum Member

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    Another poster already said it..they would just get more benefits in other ways...not sure after all these decades why the left has not figured that out yet.




    .
     
  8. sakinago
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    sakinago Gold Member

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    I don't know why there has to be a limit, if a company is making money in an honest way, then what's the problem? It may not be good business practice if your business needs money in other areas like hiring more employees, new equipment etc. But the problem isn't CEOs gobbling up all the money, the problem is a lack of competition, small companies going into it with a severe disadvantage of having to divert precious resources to staying compliant, while larger companies already have the money, manpower, and know how to follow the rules that help them out.

    If there was more competition, salaries for good employees would become more competitive, large companies would need to revamp their business models to keep up with competition. But instead we have dinosaur business models still lingering around from the 70s, and they can stay around because even though a regulation may cost them extra money, the disadvantage is greater for the smaller company that should be their new competitor. And when those new competitors are shut out, you're taking in the cash that's filling their void.
     
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  9. Staidhup
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    Staidhup Gold Member Supporting Member

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    What is it Churchill said "socialism is a philosophy of failure, ignorance, envy, with but one virtue equal sharing of misery" something like that. I believe it is the role of the owners, stockholders, those with a vested interest, to determine compensation policy not some punk that has never had a job. Income inequality exists big time in your communist and socialist countries. The ruling class of politicians and connected industrialists live like kings, no middle class, just the proletariat.
    To think somehow this thin veil of deceit would solve income inequality is unfounded wishful garbage. In short Bull Shit on a silver platter.
     
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  10. fncceo
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    fncceo Gold Member

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    Better plan ... make it mandatory to pay company executives at LEAST 100 times the average wage.
     

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