Time to address CEO wages
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Level 6

Since: Nov 10

Location hidden

#24 Aug 13, 2014
How does decreasing the pay of top executives affect the wages of the workers?
If we cut the salary of every CEO to $1.00, does that do anything other than make you feel better?
Or, are you saying we need laws to decide how much everybody gets paid?
Maybe we need wage standards that indicate the proper wages of all workers based on how much they “feel” they deserve.
PEACE 4 TRUTH

Rome, NY

#25 Aug 13, 2014
JusticeDefiled13501 wrote:
I think people should be allowed to decide for themselves how much money they want to make. If you want to make minimum wage, don’t worry about things education or personal appearance and apply for jobs that anyone can do. If you want to make a little bit more than that, graduate high school and take whatever is offered you. Don’t worry about working hard; just put your time in. If you want to make a decent living you might have to work hard, learn a trade, make some effort and try to improve yourself. If you want to make “the big buck”, go to college, get a Master’s Degree (or more) in a marketable field, start at the bottom, work hard, show initiative and do what is needed to work your way up the ladder.
The other alternative is to sit back, whine and complain about how life isn’t fair, bitch about the people who did what it takes to succeed and wait for someone to hand it to you.
Remember, life isn’t always fair, but it helps if you play be the rules. The main rule is - you only get out of it what you put into it.
May I ask what you're age is? Roughly.
PEACE 4 TRUTH

Rome, NY

#26 Aug 13, 2014
JusticeDefiled13501 wrote:
I think people should be allowed to decide for themselves how much money they want to make. If you want to make minimum wage, don’t worry about things education or personal appearance and apply for jobs that anyone can do. If you want to make a little bit more than that, graduate high school and take whatever is offered you. Don’t worry about working hard; just put your time in. If you want to make a decent living you might have to work hard, learn a trade, make some effort and try to improve yourself. If you want to make “the big buck”, go to college, get a Master’s Degree (or more) in a marketable field, start at the bottom, work hard, show initiative and do what is needed to work your way up the ladder.
The other alternative is to sit back, whine and complain about how life isn’t fair, bitch about the people who did what it takes to succeed and wait for someone to hand it to you.
Remember, life isn’t always fair, but it helps if you play be the rules. The main rule is - you only get out of it what you put into it.
I only ask you're age because things have changed a bit over the last 30 yrs.

Level 6

Since: Nov 10

Location hidden

#27 Aug 13, 2014
PEACE 4 TRUTH wrote:
<quoted text>
May I ask what you're age is? Roughly.
60 - roughly
PEACE 4 TRUTH

Rome, NY

#29 Aug 13, 2014
JusticeDefiled13501 wrote:
How does decreasing the pay of top executives affect the wages of the workers?
If we cut the salary of every CEO to $1.00, does that do anything other than make you feel better?
Or, are you saying we need laws to decide how much everybody gets paid?
Maybe we need wage standards that indicate the proper wages of all workers based on how much they “feel” they deserve.
Here is a statistic that absolutely shocked me. The wealthiest 400 Americans have as much wealth as the bottom 150,000,000 Americans. So my answer is yes. We as a society could do better. We deserve better.
Hard Work

Clifton Park, NY

#30 Aug 13, 2014
PEACE 4 TRUTH wrote:
<quoted text>
obviously you are missing my point. America as a whole is the richest country in the world. Our parents, grandparents, great grandparents. etc. fought for equal pay, equal rights, and justice. Now today in 2014 a few very, very wealthy people are going to undo all of that? Nonsense!
No. I'm not missing your point. You want to cap salaries. Let's call a spade a spade. Who are you or anyone else to determine how a private company run with private money compensates it's workers?
PEACE

Rome, NY

#31 Aug 13, 2014
JusticeDefiled13501 wrote:
<quoted text>
60 - roughly
So what was you're college tuition in "roughly" 1972? How much was a new car? What was the cost of you're health insurance? Did you have a pension? If so Imagine you didn't. Thank god you're generation wasn't sold the 401k scam, or we would be in an even bigger pickle.
Hard Work

Clifton Park, NY

#32 Aug 13, 2014
PEACE wrote:
<quoted text>
So what was you're college tuition in "roughly" 1972? How much was a new car? What was the cost of you're health insurance? Did you have a pension? If so Imagine you didn't. Thank god you're generation wasn't sold the 401k scam, or we would be in an even bigger pickle.
How much were salaries then as well? The median household income in 1972 was $8,424. In 2012 it's $49,486. So please continue on with your ridiculous argument.
Hard Work

Clifton Park, NY

#33 Aug 13, 2014
Unspecial

Moravia, NY

#35 Aug 13, 2014
PEACE 4 TRUTH wrote:
<quoted text>
obviously you are missing my point. America as a whole is the richest country in the world. Our parents, grandparents, great grandparents. etc. fought for equal pay, equal rights, and justice. Now today in 2014 a few very, very wealthy people are going to undo all of that? Nonsense!
Don't bet on it. Ever heard of the Koch brothers? How about Bill Gates and his foundation? They use their money to buy politicians and change the laws to favor themselves and their agenda which is to make the entire population subservient to them.
Waiting

Herkimer, NY

#36 Aug 14, 2014
Truth wrote:
<quoted text>
Make no mistake. The taxpayers bailed out the UAW(the union), not the CEOs. All three U.S. auto manufacturers made massive cuts to their white collar workforces as well as dealers in order to prop up the union. If memory serves the at least two of the three CEOs took a drastic reduction in salary as well as giving up stock options.
Foreign car manufacturers operating in the U.S. did not take bailout money. They do not have unions.
How much a CEO earns is determined by a board of directors who are responsible to stock holders. If a CEO isn't worth what he/she makes in the eyes of investors then they won't invest. The amount a CEO makes should be determined this way and not by government or by people like you who think they should be the arbiter of what is fair and what is not. If you want a system that works that way China, Russia, Cuba or Venezuela are probably your best bet.
When are fools like you going to realize that the overprices CEO's had the US government by the proverbial economic balls, and that the rules you speak of, don't apply to the chosen few in the red, white and blue. Stop regurgitating crap you learned in business school.
Truth

Utica, NY

#37 Aug 14, 2014
PEACE 4 TRUTH wrote:
<quoted text>
Here is a statistic that absolutely shocked me. The wealthiest 400 Americans have as much wealth as the bottom 150,000,000 Americans. So my answer is yes. We as a society could do better. We deserve better.
You have two options it seems to me.

1) Get like-minded people to overthrow our representative republic and install a government that will be the arbitrator of what is equitable and "fair".

2) Move to Cuba, Venezuala, China or some other country that has a governement that decides what is equitable and "fair".

You said:
"We deserve better."
I think we deserve exactly what we work for.

I have some suggested reading for you. "Animal Farm" and "1984" both by George Orwell.

Level 6

Since: Nov 10

Location hidden

#38 Aug 14, 2014
PEACE 4 TRUTH wrote:
<quoted text>
Here is a statistic that absolutely shocked me. The wealthiest 400 Americans have as much wealth as the bottom 150,000,000 Americans. So my answer is yes. We as a society could do better. We deserve better.
Since we were discussing CEO salaries, how many of the wealthiest 400 are corporate CEO's. Don't include those who actually owned the businesses they ran? I'm guessing there are very few CEO's in that group.

Which leads to another discussion; are you suggesting we limit overall wealth? Should the government be in the business of wealth redistribution more than it already is?

Remember, fair does not mean equal.
doo

Whitesboro, NY

#39 Aug 15, 2014
Hate ceo's
Tom Payne

Whitesboro, NY

#40 Aug 15, 2014
Define fair in our mind? Fair to you is taking by use of government force, monies or valuables from people that more likely than not have been gained by working harder or taking more chances than you for those financial gains. So that you may benefit working less or not working all? I noticed you mentioned the Koch bothers. Will your list also include these families and individuals as well? George Soros, Al Gore, Ted Turner, The Kennedys, Jeff Immelt, The Clintons, Bill Ayers, John Ayers, Harry Reid, Nancy Pelosi's family and the rest of the millionaires and billionaires business owners of the Democratic Party?
hmmm

Whitesboro, NY

#41 Aug 15, 2014
Tom Payne wrote:
Define fair in our mind? Fair to you is taking by use of government force, monies or valuables from people that more likely than not have been gained by working harder or taking more chances than you for those financial gains. So that you may benefit working less or not working all? I noticed you mentioned the Koch bothers. Will your list also include these families and individuals as well? George Soros, Al Gore, Ted Turner, The Kennedys, Jeff Immelt, The Clintons, Bill Ayers, John Ayers, Harry Reid, Nancy Pelosi's family and the rest of the millionaires and billionaires business owners of the Democratic Party?
A lot of these people get rich because they have a good backing and come from money.
I know lots of people who are the hardest workers you will ever see. They graduate high school with high 90's averages. Their parents however grew up poor, or are deceased. they cant afford college, they end up working real hard for menial jobs, cant further their education etc. The people that come from wealth or money, always end up being better off because money fixes everything, and it does. I graduated in 85 with a 99 avg. Parents aren't around, I went to a 2 yr school and graduated with a 95 avg. I make 70k a yr working as a laborer. I haven't missed a days work in 23 yrs, the truth 23 yrs, not one call in for being sick. I will make 70k forever and have about 200k in my 401k when I retire,(really nowhere nears enough), I will be working until im 75. I have two bright sons and a daughter and cant give them anything and they are very bright and getting close to graduation. they will have to pay for their own school. Point being, if my PARENTS had money, with my brains and work ethic, I could of become a dr. or something close, but I was GIVEN NOTHING and couldn't pay for school or anything to advance. My kids are in the same boat. Most of these people you talk about start out with a house given to them, 200k that was stashed away by their parents, never have to worry about paying for college etc. coming from money and having rich relatives makes a big difference.
Truth

Whitesboro, NY

#42 Aug 15, 2014
hmmm wrote:
<quoted text>
A lot of these people get rich because they have a good backing and come from money.
I know lots of people who are the hardest workers you will ever see. They graduate high school with high 90's averages. Their parents however grew up poor, or are deceased. they cant afford college, they end up working real hard for menial jobs, cant further their education etc. The people that come from wealth or money, always end up being better off because money fixes everything, and it does. I graduated in 85 with a 99 avg. Parents aren't around, I went to a 2 yr school and graduated with a 95 avg. I make 70k a yr working as a laborer. I haven't missed a days work in 23 yrs, the truth 23 yrs, not one call in for being sick. I will make 70k forever and have about 200k in my 401k when I retire,(really nowhere nears enough), I will be working until im 75. I have two bright sons and a daughter and cant give them anything and they are very bright and getting close to graduation. they will have to pay for their own school. Point being, if my PARENTS had money, with my brains and work ethic, I could of become a dr. or something close, but I was GIVEN NOTHING and couldn't pay for school or anything to advance. My kids are in the same boat. Most of these people you talk about start out with a house given to them, 200k that was stashed away by their parents, never have to worry about paying for college etc. coming from money and having rich relatives makes a big difference.
I don't buy your line for a minute. Regardless what kind of home life and parents on has, every person has eyes to see. Did you not take a look around in the last 23 years and see someone who had achieved and instead of giving excuses like you have, try to emulate them to achieve some greater measure of success? You made choices in your life. You have to live with the consequences of those choices. Stop blaming your parents(or lack of) and wealthy people for the life you yourself chose and are responsible for. 23 years ago there were student loans, grants and scholarships in greater numbers than today. The fact that you didn't seek those things out in order to forge a better financial life for yourself is on you, no one else.

Taking money away from people who have some level of wealth greater than yours would not change a thing in terms of how you turned out. It's not too late for your children though. Teach them that they are responsible for themselves and have to bear the consequences for the decisions they make. This instead of giving them your excuses for why you didn't do better. Your children will take student loans just like millions of other children whose parent for whatever reason can't afford to help them. That's the way it has always been though and rich people have nothing to do with that.

I don't want to sound harsh but it just seems to me that it has become fashionable and acceptable to blame someone else when people don't feel like they have what they deserve. The wealthy are an easy target because envy is such a strong emotion.
hmmm

Whitesboro, NY

#43 Aug 15, 2014
Nobody is blaming, im just saying it is easier for those with money.
If my parents could of shelled out 50k a yr for me to become a dr, I would of. that is is how I operate in work and life. I had to go mv and pay for it myself with a couple grants. I cant give my kids anything and he is going to take 200k in student loans? What if I could give that to him? His avg is a 99 all through high school. sure, he should get some academic shcol. but still. It makes a big difference. It could be the difference of him being a dr or a manager somewhere.
Truth

Whitesboro, NY

#44 Aug 15, 2014
hmmm wrote:
Nobody is blaming, im just saying it is easier for those with money.
If my parents could of shelled out 50k a yr for me to become a dr, I would of. that is is how I operate in work and life. I had to go mv and pay for it myself with a couple grants. I cant give my kids anything and he is going to take 200k in student loans? What if I could give that to him? His avg is a 99 all through high school. sure, he should get some academic shcol. but still. It makes a big difference. It could be the difference of him being a dr or a manager somewhere.
Your entire previous post is a statement of blame. Your parents, rich people......

Taking loans for college should involve a cost/benefit analysis. There are plenty of doctors who have hundreds of thousands of dollars in student loan debt. They made the calculation that the loans were worth it.

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