Sign Of The Times

Cammmpbell

Senior Member
Joined
Sep 13, 2011
Messages
5,095
Reaction score
519
Points
48
In the late 40's and 50's a corporate executive earned about 5-10 times what
a carpenter earned. By the 1970's that factor had increased to 50 times as much.
Guess what it was last year? Yes sport's fans a whoppin' 550 times what an
ordinary American worker earned.

They demand tax breaks for everything from
their private jets to their $15,000 umbrella stands. They write off three martini
lunches and tours to the south of France on their annual taxes. They load up their boards
of directors with a bunch of YES men/women and fix an umbrella to ensure that they get rich
if their company is sold or fails.

In the 1950's while we were paying for the second world war the marginal tax
rate for anyone who made more than $300,000 a year was 91%. In other words
anything they earned over $300,000 only cleared $9,000 per $100,000.

In the old days all of us served in the military. Richard Nixon stopped the
draft and took us off the gold standard. When that happened a $20 bill would buy
a $20 gold piece. Now it takes about 85 $20 bills to buy a $20 gold piece

This country has fallen into the hands of a bunch of wealthy assholes who
think they owe nothing. Their offspring attend an ivy league school while the
offspring of the less fortunate go to some desert shithole and fight an die for
their made up wars. I've lived long enough.

The absolute bullshit going on in this country now has gotten out of hand and I am
no longer even a little bit proud of it. I was born in 1934 and now it looks like I'm going
out in the same kind of Republican mess which was there at that time.
 
Last edited:

bucs90

Gold Member
Joined
Feb 25, 2010
Messages
26,545
Reaction score
6,022
Points
280
Want carpenters to earn more? Stop importing Mexicans who push the wages down.
 
  • Thanks
Reactions: Vel

syrenn

Rookie
Joined
May 10, 2010
Messages
47,839
Reaction score
11,195
Points
0
In the late 40's and 50's a corporate executive earned about 5-10 times what
a carpenter earned. By the 1970's that factor had increased to 50 times as much.
Guess what it was last year? Yes sport's fans a whoppin' 550 times what an
ordinary American worker earned.

They demand tax breaks for everything from
their private jets to their $15,000 umbrella stands. They write off three martini
lunches and tours to the south of France on their annual taxes. They load up their boards
of directors with a bunch of YES men/women and fix an umbrella to ensure that they get rich
if their company is sold or fails.

In the 1950's while we were paying for the second world war the marginal tax
rate for anyone who made more than $300,000 a year was 91%. In other words
anything they earned over $300,000 only cleared $9,000 per $100,000.

In the old days all of us served in the military. Richard Nixon stopped the
draft and took us off the gold standard. When that happened a $20 bill would buy
a $20 gold piece. Now it takes about 85 $20 bills to buy a $20 gold piece

This country has fallen into the hands of a bunch of wealthy assholes who
think they owe nothing. Their offspring attend an ivy league school while the
offspring of the less fortunate go to some desert shithole and fight an die for
their made up wars. I've lived long enough.

The absolute bullshit going on in this country now has gotten out of hand and I am
no longer even a little bit proud of it. I was born in 1934 and now it looks like I'm going
out in the same kind of Republican mess which was there at that time.



And what do sports professionals make?
 

Rozman

Gold Member
Joined
Sep 18, 2009
Messages
16,683
Reaction score
3,090
Points
290
Location
Brooklyn,NY
In the late 40's and 50's a corporate executive earned about 5-10 times what
a carpenter earned. By the 1970's that factor had increased to 50 times as much.
Guess what it was last year? Yes sport's fans a whoppin' 550 times what an
ordinary American worker earned.

They demand tax breaks for everything from
their private jets to their $15,000 umbrella stands. They write off three martini
lunches and tours to the south of France on their annual taxes. They load up their boards
of directors with a bunch of YES men/women and fix an umbrella to ensure that they get rich
if their company is sold or fails.

In the 1950's while we were paying for the second world war the marginal tax
rate for anyone who made more than $300,000 a year was 91%. In other words
anything they earned over $300,000 only cleared $9,000 per $100,000.

In the old days all of us served in the military. Richard Nixon stopped the
draft and took us off the gold standard. When that happened a $20 bill would buy
a $20 gold piece. Now it takes about 85 $20 bills to buy a $20 gold piece

This country has fallen into the hands of a bunch of wealthy assholes who
think they owe nothing. Their offspring attend an ivy league school while the
offspring of the less fortunate go to some desert shithole and fight an die for
their made up wars. I've lived long enough.

The absolute bullshit going on in this country now has gotten out of hand and I am
no longer even a little bit proud of it. I was born in 1934 and now it looks like I'm going
out in the same kind of Republican mess which was there at that time.
In the sixties I made $150.00 a week and rent was the same.
The most money spent to make a movie was $8 million.
Athletes made maybe $100,000.00 for the best player....
A movie star didn't even come close to a million.



Now look at those costs and salaries.

The market pays what the market can pay.
No one or not many people care about these folks getting huge rewards.
If the shareholders don't have a problem what is Obama gonna do>Limit compensation
to CEO's...I doubt that will ever happen even though the left would love that.
 
OP
Cammmpbell

Cammmpbell

Senior Member
Joined
Sep 13, 2011
Messages
5,095
Reaction score
519
Points
48
"The tea party was a revolt against TAX CUTS. "

The T party is a bunch of ultra conservative right wing hacks.
 

ladyliberal

Progressive Princess
Joined
Aug 5, 2011
Messages
1,253
Reaction score
291
Points
48
The market pays what the market can pay.
No one or not many people care about these folks getting huge rewards.
If the shareholders don't have a problem what is Obama gonna do>Limit compensation
to CEO's...I doubt that will ever happen even though the left would love that.
I too once felt that CEO compensation was largely determined by market forces. However, a talk I heard by a business professor really turned me around. He had plenty of data showing that American CEOs today make much more (in real terms) than either earlier cohorts of Americans or than foreign CEOs, and that this could not be traced to changes in either supply or demand. Indeed, some American companies import foreign CEOs largely because they work for less money (there are of course other reasons to import foreign CEOs, particularly for international companies).

This professor instead traced the rise in CEO pay to various moral hazards on the part of those determining CEO compensation. Most corporate directors also see a problem here: Poll: CEO pay needs reform - The Hill's On The Money.

I also disagree that the public does not care about the issue. When corporate compensation is seen as excessive, it can spark sudden outrage, most notably when the AIG bonuses were announced. That was of course a special situation where public monies were involved, but I think most people find corporate pay excessive, though most probably don't find it to be an overriding concern.
 

Most reactions - Past 7 days

Forum List

Top