Well look what your way produces. All the wealth in the small few's hands. The gap between rich and YOU getting wider.
This 'gap' can be closed if someone wants to. This narrative that the wealthy hoard money in some vault that keeps it from being obtained by others is false. The only thing stopping anyone from gaining more wealth is their own personal ambitions and choices.
Making those CEO's and Corporations pay pensions is a way for us to shrink that gap.
401Ks also. The number of people becoming millionaires due to 401Ks is increasing
Number of 401(k) ‘millionaires’ just jumped by 9.5%
So, live and spend responsibly, save money and invest in your 401K, IRAs, Mutual Funds, you too can become wealthy. But most don't want to put the work in. Rather, they want to ***** about the rich (who use the same methods I just mentioned) as if they have some secret sauce.
Do you know the golden parachutes the CEO's and VP's get when they leave their companies? Why do they get such lavish going away $? Because those companies have no unions to fight for the workers.
This is not entirely true. Most CEO's of large, public corporations are contractual hires which are usually voted by the board and require majority vote of shareholders. The parachute that you speak of is usually part of that contract if a CEO leaves or is bought out.
Also, there are plenty of corporations that have unionized manufacturing. I have a close family member that works in Labor, and trust me when I say that the unions pay attention to the salaries within the corporate side as bargaining chips.
The corporate side is normally not unionized. Most of those associates work within states that are At Will employment. Only when you get up into Senior Level, Vice President, do contractual employment terms are done.
So you lost your pensions. And since that time your pay went up 18% and CEO pay went up 1322%. Google it dummy.
A question. How much should someone make who is responsible for the 24/7 operations of a global company? CEOs don't work 9-5 jobs. They carry the entire weight of the company on their back. All major organizational decisions are theirs to make (with some board help too). Think how this affects family life, personal life, social life, etc.,
Also, consider that many CEOs are well educated, have years of experience in their fields while coming up the ranks in the business world and have put the work in. It's not like they went to school for 2 years while throwing a football around, or hit a baseball and then gets offered 100s of millions of dollars and dropping out of school, only to be out of the pros, on avg 3.5 years, and then going bankrupt because they blew all that money.
Also, the CEO of united healthcare pay was 90% bonus based. I think I read that his salary was about a Million a year, with Bonus, he made about 15 Million.
Republical policy in a nut shell. Every man for himself. Let the rich run our government. They'll pay us our fair share or what we are worth. Sure they will.
Not everyone wants the rich to run the gov't. We want a gov't that is run by the people, for the people. We do have problems in washington with career politicians getting rich and living lavish lifestyles off of our dollars.