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Slartibartfast 
Collaborator 
Honorary Collaborator / In Memoriam Joined: April 29 2006 Location: Atlantais Status: Offline Points: 29630 |
 Posted: March 26 2009 at 12:04 |
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I don't view CEOs being fairly compensated and workers being fairly compensated as opposing ideas. No one's talking about taking away the profit motive. And it should be remembered that without the workers to do the work and buy the stuff that is produced the CEO's would all be out of a job.
Edited by Slartibartfast - March 26 2009 at 12:09 |
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Padraic
Special Collaborator 
Honorary Collaborator Joined: February 16 2006 Location: Pennsylvania Status: Offline Points: 31169 |
Posted: March 26 2009 at 12:04 |
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To head off discussion going off in extremis, I'll assume that those in favor of "wealth distribution" mean, as Jim said, that everyone get some basic entitlements (healthcare, pension, etc.) and a progressive tax structure akin to what we have now, perhaps just tweaking the numbers. I don't think anyone is advocating something foolish like "everyone gets paid the same". But please correct me if I'm wrong.
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Epignosis
Special Collaborator
Honorary Collaborator Joined: December 30 2007 Location: Raeford, NC Status: Offline Points: 32552 |
Posted: March 26 2009 at 12:02 |
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Also, there's this: I would bet my last beer that if we redistributed all wealth, you will have poverty again in a very short time. Some people don't know how to manage wealth. Give everyone a small fortune, and some will have a bigger fortune, some will stagnate, and some will be begging for dimes drinking King Cobra.
Back to square one. |
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Padraic
Special Collaborator
Honorary Collaborator Joined: February 16 2006 Location: Pennsylvania Status: Offline Points: 31169 |
Posted: March 26 2009 at 11:59 |
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Epignosis
Special Collaborator
Honorary Collaborator Joined: December 30 2007 Location: Raeford, NC Status: Offline Points: 32552 |
Posted: March 26 2009 at 11:59 |
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You know, you could get an MBA, work your way up and become a CEO and make millions. Nobody's stopping you.
Why complain about CEOs? What about NBA players? They make more than average workers. Bottom line is this- businesses exist to make a profit. Take away that incentive, and business will stop coming into existence. Meaning "the poor workers" will have no wage to complain about at all. |
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Finnforest
Special Collaborator
Honorary Collaborator Joined: February 03 2007 Location: The Heartland Status: Online Points: 17234 |
Posted: March 26 2009 at 11:57 |
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Some people believe in hoarding all the marbles. Others believe in sharing the marbles. That'll never be settled.
I'm certainly not for giving checks to people for sitting on the couch watching TV.
What I am for is taking care of old/sick people who have played by all the rules their whole life. Getting sick should not mean going bankrupt....ever.
And yes, the top 5% can pick up a hefty share and still have enough left for another Rolex.
All I have to say.
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...that moment you realize you like "Mob Rules" better than "Heaven and Hell"
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moshkito
Forum Senior Member 
Joined: January 04 2007 Location: Grok City Status: Offline Points: 18005 |
Posted: March 26 2009 at 11:56 |
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Hi,
Weird that you are calling that another "ism" ... it's hardly socialism (in its classic definition) ... and neither is it anything else in your book ... obviously!
BTW ... if that's your artistry to get attention, let me assure you that your stage minutes won't even add up to 10 minutes ... maybe 5 ... and someone will just turn around and leave ... and not even throw a tomato at you as a sign that they saw you!
If stuff like this bothers you ... have a cigar ... oooppppssss sorry ... have a lesson ... go sit through Pasolini's film 1900 .... then I think that you will come here adn delete your post ...
I'm betting a nickel now!
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Padraic
Special Collaborator
Honorary Collaborator Joined: February 16 2006 Location: Pennsylvania Status: Offline Points: 31169 |
Posted: March 26 2009 at 11:56 |
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Can I assume by this you want to lower top earners salaries, not raise low earners wages? Doesn't really answer my question. |
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Slartibartfast
Collaborator
Honorary Collaborator / In Memoriam Joined: April 29 2006 Location: Atlantais Status: Offline Points: 29630 |
Posted: March 26 2009 at 11:55 |
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What's fair? Here's what's not fair: CEO-to-worker pay imbalance grows
See
Snapshots Archive. This week's Snapshot previews data to be presented as part of the forthcoming The State of Working America 2006/07. Snapshot for June 21, 2006. CEO-to-worker pay imbalance grows In 2005, the average CEO in the United States earned 262 times the pay of the average worker, the second-highest level of this ratio in the 40 years for which there are data. In 2005, a CEO earned more in one workday (there are 260 in a year) than an average worker earned in 52 weeks. The 1980s, 1990s, and 2000s have been prosperous times for top U.S. executives, especially relative to other wage earners. This can be seen by examining the increased divergence between CEO pay and an average worker’s pay over time, as shown in Figure A. In 1965, U.S. CEOs in major companies earned 24 times more than an average worker; this ratio grew to 35 in 1978 and to 71 in 1989. The ratio surged in the 1990s and hit 300 at the end of the recovery in 2000. The fall in the stock market reduced CEO stock-related pay (e.g., options) causing CEO pay to moderate to 143 times that of an average worker in 2002. Since then, however, CEO pay has exploded and by 2005 the average CEO was paid $10,982,000 a year, or 262 times that of an average worker ($41,861).
*Data note: Edited by Slartibartfast - March 26 2009 at 12:05 |
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micky
Special Collaborator
Honorary Collaborator Joined: October 02 2005 Location: . Status: Offline Points: 46838 |
Posted: March 26 2009 at 11:54 |
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yes... trickle down economics.... that sort of got proven to be the crime of the century.....and I sure as hell don't have a degree in economics but know that if a man gets paid millions upon millions... he KEEPS those millions.. Buys a bigger boat... bigger home... the american worker is ...always has been the loser in that theory.
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The Pedro and Micky Experience - When one no longer requires psychotropics to trip
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Epignosis
Special Collaborator
Honorary Collaborator Joined: December 30 2007 Location: Raeford, NC Status: Offline Points: 32552 |
Posted: March 26 2009 at 11:53 |
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You're right. Businesses should pay $200 an hour no matter what the worker does or how much education / experience they have.  |
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Padraic
Special Collaborator
Honorary Collaborator Joined: February 16 2006 Location: Pennsylvania Status: Offline Points: 31169 |
Posted: March 26 2009 at 11:52 |
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What's fair? |
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Slartibartfast
Collaborator
Honorary Collaborator / In Memoriam Joined: April 29 2006 Location: Atlantais Status: Offline Points: 29630 |
Posted: March 26 2009 at 11:51 |
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When workers don't get paid fairly who's doing the stealing there?  |
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Released date are often when it it impacted you but recorded dates are when it really happened...
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micky
Special Collaborator
Honorary Collaborator Joined: October 02 2005 Location: . Status: Offline Points: 46838 |
Posted: March 26 2009 at 11:50 |
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damn right... call it stealing... from the thieves.... |
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The Pedro and Micky Experience - When one no longer requires psychotropics to trip
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Finnforest
Special Collaborator
Honorary Collaborator Joined: February 03 2007 Location: The Heartland Status: Online Points: 17234 |
Posted: March 26 2009 at 11:49 |
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Yeah, bring it on
 |
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...that moment you realize you like "Mob Rules" better than "Heaven and Hell"
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LinusW
Special Collaborator
Honorary Collaborator Joined: September 27 2007 Location: Sweden Status: Offline Points: 10665 |
Posted: March 26 2009 at 11:49 |
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Ah yes. Opinions. I have many.
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Epignosis
Special Collaborator
Honorary Collaborator Joined: December 30 2007 Location: Raeford, NC Status: Offline Points: 32552 |
Posted: March 26 2009 at 11:47 |
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Fancy term for "stealing" if you ask me. |
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Finnforest
Special Collaborator
Honorary Collaborator Joined: February 03 2007 Location: The Heartland Status: Online Points: 17234 |
Posted: March 26 2009 at 11:44 |
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Wealth redistribution is a beautiful thing. Bring it on, Obama. |
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...that moment you realize you like "Mob Rules" better than "Heaven and Hell"
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micky
Special Collaborator
Honorary Collaborator Joined: October 02 2005 Location: . Status: Offline Points: 46838 |
Posted: March 26 2009 at 11:30 |
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^^ and of course we have the current 3rd option.. the boogyman used to scare the ignorant who get told what to think by some in the media. What it is... or even what it might be isn't even thought of... it is a political by-word thrown around to oppose any plan to fix what is broken that doesn't involve letting the whole goddamn thing fall apart and pick up the pieces afterward.
 a mess by the way.. that their profit at all cost, free-market policies created... that makes the pill that much bitter for them to swallow... Edited by micky - March 26 2009 at 11:32 |
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The Pedro and Micky Experience - When one no longer requires psychotropics to trip
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Petrovsk Mizinski
Prog Reviewer
Joined: December 24 2007 Location: Ukraine Status: Offline Points: 25210 |
Posted: March 26 2009 at 11:29 |
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Heh, before the US could even get remotely close to socialist, you can
rely on ultra right wing underground madman to fix things up.
But yeah, not entirely sure about this US situation, I have not been reading up enough on politics/economics at all lately (too much time spent reading about music related things ).Well, in Australia anyway, you get a fair number of people fed up with privately owned infrastructure like the rail network in Melbourne, which has trained that get frequently canceled and delayed, and lots of people want it handed back to the government instead, since apparently they could run it better. A lot of people think handing back the telecommunication system in Aus back to the government should happen to, but I just think trying to make that transition back to a Government run thing would just result in a major f**k up somewhere along the line, but that's me. Mixed economies have been around for ages and despite people wanting this or that change, if someone just throws it out there that tomorrow suddenly things are gonna be more socialist, poo hits the fan because people are chicken sh*t of change. The economy could collapse several times over in the US and I bet people would still flinch at the idea of a socialist state. It's change, which isn't good for people that get comfortable and complacent. Edited by HughesJB4 - March 26 2009 at 11:30 |
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Socialism.. does anyone have a clue.
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moshkito wrote:
