Should Billionaires Even Exist?

[ChrisL]

its up to the individual rich person what they do with their money. If you don't like how a CEO acts boycott his business. The government should never tell any person what they must do with their money.

I would agree that the government shouldn’t tell people what to do with their money. I guess my point was that in my opinion if the wealthiest CEO’s were to reinvest their wealth into their employees and the communities that their employees live it would help create a more stable life for millions of people across the country. Many CEOs are philanthropists, I’m aware of that, but if you are a multi-millionaire or especially a billionaire business owner or CEO I personally think that you have more to share. Money is not the end all be all and so I’m not saying employees need to be millionaires or anything like that but many large companies have employees that are barely making it by while the top executives have generational wealth. I’m not saying to force them to do anything but I am saying that I personally believe that they should close that gap more between them. I know I would if I were in that position.

Most employees who work for larger companies with such CEO's have stock. If you want to earn money according to company profits, you can buy stock in your company.

I would think most regular employees would favor increased consistent income over stocks though. I’d also argue that most regular employees of large companies can’t afford to purchase significant shares of stock in the company they work for. If someone working at Microsoft wanted to buy one share per week they’d spend over $10,000 a year and could lose that money if the economy becomes volatile. Imagine if they just had their salary increase $10,000 though and the top executives took less. You’d probably have a longer lasting and more dedicated employee base that can afford to provide more for their families and possibly their community in my personal opinion.

CEO's are like any other contract worker. They are paid by their past performances.

You and I are competitors. We each own a widget factory. A very well known successful CEO just left another company, and is available to run one of ours. The CEO wants 7 million a year. You decline and offer 3 million because you'd rather overpay your workers. He leaves and comes to my company. I agree to pay him or her that 7 million a year.

Now my new employee works to take your customers away. He's known to do it, He's got the experience, the political connections, and the business connections. In a few years time, you lost half of your business to me.

That's why you pay your employees what they are worth, and pay the CEO's what they make.

See for me as I read that scenario you laid out I’d rather invest in the lives of my employees and hire a CEO that will serve the employees ethically and with heart than into a person that is going to work to destroy another company for their own company’s gain or for their personal resume. I guess that’s why I don’t work in business though.

Yes, because business is a dog eat dog world. The entire point of a business is success. If the business is successful, then the employees also benefit.

 

[ChrisL]

The problem with leftists is that they seem to be living in a fairy tale land that does not, has not and will never exist, and not living in the cold harsh reality of real life and are not understanding of the human condition, weakness and foibles.

 

[ChrisL]

If the business fails, then all of those employees are out of jobs.

 

[Brain357]

If the business fails, then all of those employees are out of jobs.

Depends on the business. The rich own our
politicians so there might be a bailout.

 

[Toddsterpatriot]

Now our markets are broken everywhere thanks to the near monopolies, but that can be fixed.

Lemme guess, with more government control?

Well we need to start with campaign finance reform for less government corruption.

Well we need to start with campaign finance reform for less government corruption.

Which reforms do we need?

 

[dblack]

Now our markets are broken everywhere thanks to the near monopolies, but that can be fixed.

Lemme guess, with more government control?

Well we need to start with campaign finance reform for less government corruption.

Well we need to start with campaign finance reform for less government corruption.

Which reforms do we need?

Government control of campaign finance. Duh.

 

[Brain357]

Now our markets are broken everywhere thanks to the near monopolies, but that can be fixed.

Lemme guess, with more government control?

Well we need to start with campaign finance reform for less government corruption.

Well we need to start with campaign finance reform for less government corruption.

Which reforms do we need?

Government control of campaign finance. Duh.

No control sure isn’t working.

 

[Toddsterpatriot]

Now our markets are broken everywhere thanks to the near monopolies, but that can be fixed.

Lemme guess, with more government control?

Well we need to start with campaign finance reform for less government corruption.

Well we need to start with campaign finance reform for less government corruption.

Which reforms do we need?

Government control of campaign finance. Duh.

No control sure isn’t working.

Control didn't work...….

 

[Brain357]

Lemme guess, with more government control?

Well we need to start with campaign finance reform for less government corruption.

Well we need to start with campaign finance reform for less government corruption.

Which reforms do we need?

Government control of campaign finance. Duh.

No control sure isn’t working.

Control didn't work...….

Explain.

 

[Dirk the Daring]

depends on how you create the data. our spending in the USA is not the same as in countries like the UK since in the UK most of it is funded by high taxes.

a better question is which system has the best medical outcomes and finds the most new cures and drugs.

Why do you think that rich people from all over the world come to the USA for treatment when they are seriously ill? if their socialized "free" medicine was so great why spend the money to come here?

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

Our politicians are all owned by the wealthy.

There's a very simple way to combat this; limit the size, scope, and power of the federal government. As was originally intended.

Liberals: 'We want bigger government!'

Liberals 5 minutes later: 'Look at all these problems with a bigger government!'

 

[dblack]

Lemme guess, with more government control?

Well we need to start with campaign finance reform for less government corruption.

Well we need to start with campaign finance reform for less government corruption.

Which reforms do we need?

Government control of campaign finance. Duh.

No control sure isn’t working.

Control didn't work...….

That's because there wasn't enough control!

See, the only way to get corruption out of government is to give the (corrupt) government more power. Makes sense, right?

 

[ChrisL]

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

Our politicians are all owned by the wealthy.

There's a very simple way to combat this; limit the size, scope, and power of the federal government. As was originally intended.

Liberals: 'We want bigger government!'

Liberals 5 minutes later: 'Look at all these problems with a bigger government!'

They NEVER take into account long term consequences. Maybe they are just incapable of being able to see long term consequences, I don't know.

 

[ChrisL]

 

[ChrisL]

 

[Persistence Of Memory]

Thread Summary: It is none of my damned business, and no one elses what another person makes.

Those who *****, I know your W-2's show no high didgits unless it is cents.

You're welcome.

 

[Brain357]

I don't know, but anyone who wants the government to control healthcare obviously does not care about quality. Everything the government is involved in is full of corruption, waste and inefficiencies.

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

Our politicians are all owned by the wealthy.

There's a very simple way to combat this; limit the size, scope, and power of the federal government. As was originally intended.

Liberals: 'We want bigger government!'

Liberals 5 minutes later: 'Look at all these problems with a bigger government!'

Republicans love big government too. They support subsidies and corporate welfare as much as anyone. Milton Friedman’s answer was to have a budget politicians couldn’t go over. That way they would be limited in what they could do. Their corruption is unlimited now.

 

[Persistence Of Memory]

Yes, people who end up being millionaires and billionaires have a different mindset that's for sure.

Yes. Some people forget that they create JOBS.

They do but I guess my personal opinion is that you would think that their company and especially their employees would be better off if the multi-millionaire or billionaire founder or owner didn’t allow themselves to get to that level because they gave more money back into the company and it’s employees beyond simple employment.

its up to the individual rich person what they do with their money. If you don't like how a CEO acts boycott his business. The government should never tell any person what they must do with their money.

What do you think the board libs would say if they were lucky enough to be that rich? Never get an answer to that one.

its also funny that they never criticize what the idiot millionaires in hollywood do with their money, or the rich liberals in congress do with theirs.

hypocrites, every one of them.

Funny too. The Communists would kill all those people so fast you're head will spin.

When you disagree, you usually disappear in the middle of the night, waiting to be found by fossil diggers

 

[ChrisL]

It's like with the income inequality. It's just an excuse. They want government to have the power instead of the people. They want government to control capital, and healthcare - and pretty much everything else they can get their hands on - because they want government to control things.

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

Our politicians are all owned by the wealthy.

There's a very simple way to combat this; limit the size, scope, and power of the federal government. As was originally intended.

Liberals: 'We want bigger government!'

Liberals 5 minutes later: 'Look at all these problems with a bigger government!'

Republicans love big government too. They support subsidies and corporate welfare as much as anyone. Milton Friedman’s answer was to have a budget politicians couldn’t go over. That way they would be limited in what they could do. Their corruption is unlimited now.

Congress are the ones you should be holding accountable. The businesses only take advantage of the policies that congress makes. The businesses do not make the laws. They only follow them. Congress makes the laws. Congress members love lobbyists.

 

[Brain357]

Why do you think that is? Because they are incapable of caring for themselves? If you think about it, they are actually the "greedy" ones.

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

Our politicians are all owned by the wealthy.

There's a very simple way to combat this; limit the size, scope, and power of the federal government. As was originally intended.

Liberals: 'We want bigger government!'

Liberals 5 minutes later: 'Look at all these problems with a bigger government!'

Republicans love big government too. They support subsidies and corporate welfare as much as anyone. Milton Friedman’s answer was to have a budget politicians couldn’t go over. That way they would be limited in what they could do. Their corruption is unlimited now.

Congress are the ones you should be holding accountable. The businesses only take advantage of the policies that congress makes. The businesses do not make the laws. They only follow them. Congress makes the laws. Congress members love lobbyists.

And business buys the politicians. Quite the circle. This is why we need campaign finance reform.

 

[ChrisL]

I think it's because of a naive conception of government. They see government as equivalent to the will of the society - some even claim government IS the society, that it IS the people. From their point of view, if you want to change something in society, you pass a law. And if someone objects to the law, it's because they object to the change you have in mind.

I run into this all the time. If I oppose intrusive civil rights laws, it's because I'm a bigot. If I oppose the welfare state it's because I want poor people to suffer. If I oppose government control of healthcare, it's because I don't care about sick people. That's not just demagoguery. That's what they actually believe. It extends from their faith in government as the ultimate expression of society and humanity.

Our politicians are all owned by the wealthy.

There's a very simple way to combat this; limit the size, scope, and power of the federal government. As was originally intended.

Liberals: 'We want bigger government!'

Liberals 5 minutes later: 'Look at all these problems with a bigger government!'

Republicans love big government too. They support subsidies and corporate welfare as much as anyone. Milton Friedman’s answer was to have a budget politicians couldn’t go over. That way they would be limited in what they could do. Their corruption is unlimited now.

Congress are the ones you should be holding accountable. The businesses only take advantage of the policies that congress makes. The businesses do not make the laws. They only follow them. Congress makes the laws. Congress members love lobbyists.

And business buys the politicians. Quite the circle. This is why we need campaign finance reform.

Point being, you are targeting the wrong side of the issue when you target businesses. You should be complaining to Congress.