pilsner
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Richest 1% Have Captured America's Wealth--What'll It Take to Get It Back?
As a record amount of U.S. citizens are struggling to get by, many of the largest corporations are experiencing record-breaking profits, and CEOs are receiving record-breaking bonuses. How could this be happening, how did we get to this point?
Jimbo Jones
German Village
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Sounds like you've been reading from the book of Lenin and Trotsky.
Jimbo Jones
German Village
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Oh, I thought maybe that was a promo for the new Robin Hood movie.
Snarf
Dystopia
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pilsner wrote >>
Richest 1% Have Captured America's Wealth--What'll It Take to Get It Back?
As a record amount of U.S. citizens are struggling to get by, many of the largest corporations are experiencing record-breaking profits, and CEOs are receiving record-breaking bonuses. How could this be happening, how did we get to this point?
READ MORE: http://www.alternet.org/story/145705/the_richest_1%25_have_captured_america%27s_wealth_--_what%27s_it_going_to_take_to_get_it_back/
People worked hard and didn't feel entitled to other peoples earnings?
Mister Shifter
Lewis Center
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What will it take to get it back? Try busting your ass like they did and quit waiting for people to give it to you.
Jimbo Jones
German Village
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Seriously though, when you do take all that money from the "Economic Elite," please let me know so I can tell you where to deposit my share.
gramarye
In Exile
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I sense you prefer the Return of the King, and have a particularly soft spot for Saruman's minions before the scouring of the Shire:
"It’s all these ‘gatherers’ and ‘sharers’, going round counting and measuring and taking off to storage. They do more gathering than sharing, and we never see most of the stuff again."
P.S. If that character from A Christmas Carol was actually worth more than he was being paid, he could find a better job and tell his previous employer to shove it. If not, then he should not expect to be paid more than the actual value of his services. Likewise, if he thinks being a CEO is such an easy path to riches on the backs of workers, he should go out and start a business himself and see how hard it actually is.
pilsner
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This isn't about how hard people work.
People relate to sports so here goes.
Woody Hayes and Fred Taylor made puny incomes compared to Jim Tressel and Thad Matta.
When Woody and Taylor coached at OSU the highest marginal tax rate was between 70% and 90% on income earned over $2 million (adjusted for inflation). That effectively capped salaries for Coaches (and for CEO's/Wall Street execs).
So does anybody seriously believe that Woody and Fred Taylor worked less hard than today's coaches?
Snarf
Dystopia
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pilsner wrote >>
This isn't about how hard people work.
People relate to sports so here goes.
Woody Hayes and Fred Taylor made puny incomes compared to Jim Tressel and Thad Matta.
When Woody and Taylor coached at OSU the highest marginal tax rate was between 70% and 90% on income earned over $2 million (adjusted for inflation). That effectively capped salaries for Coaches (and for CEO's/Wall Street execs).
So does anybody seriously believe that Woody and Fred Taylor worked less hard than today's coaches?
If it's not about how hard someone works then why did you just ask us who we think works harder, Captain Carousel?
rus
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Snarf wrote >>
pilsner wrote >>
This isn't about how hard people work.
People relate to sports so here goes.
Woody Hayes and Fred Taylor made puny incomes compared to Jim Tressel and Thad Matta.
When Woody and Taylor coached at OSU the highest marginal tax rate was between 70% and 90% on income earned over $2 million (adjusted for inflation). That effectively capped salaries for Coaches (and for CEO's/Wall Street execs).
So does anybody seriously believe that Woody and Fred Taylor worked less hard than today's coaches?If it's not about how hard someone works then why did you just ask us who we think works harder, Captain Carousel?
Maybe his argument is written on a möbius strip?
gramarye
In Exile
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pilsner is right, it is not about how hard people work--it is about how valuable someone's skills are.
Someone who works really, really hard at mowing lawns won't become a millionaire even working 20 hours a day because mowing lawns simply isn't worth that much.
That said, people tend not to break into the Economic Elite (I'll play along with the capitalization game for kicks) without having both valuable skills *and* a work ethic that has them deploying those skills for many hours a day. After all, someone who *could* be a good CEO but doesn't want to work more than 40 hours a week is going to have trouble turning that potential into reality.
pilsner
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Snarf wrote >>
pilsner wrote >>
This isn't about how hard people work.
People relate to sports so here goes.
Woody Hayes and Fred Taylor made puny incomes compared to Jim Tressel and Thad Matta.
When Woody and Taylor coached at OSU the highest marginal tax rate was between 70% and 90% on income earned over $2 million (adjusted for inflation). That effectively capped salaries for Coaches (and for CEO's/Wall Street execs).
So does anybody seriously believe that Woody and Fred Taylor worked less hard than today's coaches?If it's not about how hard someone works then why did you just ask us who we think works harder, Captain Carousel?
No wonder you are on the side of Wall Street/CEO greed rather than standing up for your own interests if you can't comprehend this concept (unless snarf is really Les Wexner).
My analysis is consistent. Tressel doesn't work 20 times harder than Woody did. Yet, my guess is that Tressel makes 20 times more than Woody did, adjusting for inflation.
That's not the result of market forces at work. It's the result of mostly tax policies. CEO pay exploded soon after the top marginal tax rates were cut in half by President Ray-gun.
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