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Author Topic:   Executive Pay - Good Capitalism Bad Capitalism?
Phat
Member
Posts: 18248
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 6 of 135 (647836)
01-11-2012 2:35 PM


From A Union Perspective
I believe that these individuals are by and large grossly overpaid for the value (if much) that they provide to their corporations. Usually, it is labor that gets cut in order to trim expenses, even though we indirectly collect every nickel of profit that the corporation makes. (In my industry, at least) To me, it makes much more sense to chop ten million off of one salary rather than lay off 1000 people costing $10,000 too much in terms of labor. (yearly)
The American Dream has already been poisoned and taken over by the 1% U.S. monied class, and its about time that the blue collar workers reclaimed their justified share.

  
Phat
Member
Posts: 18248
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 51 of 135 (824627)
12-01-2017 12:18 PM
Reply to: Message 50 by ringo
12-01-2017 11:05 AM


Re: What someone gets vs what they earn
But who determines what you need? I might determine that you need less or more than you actually do.

Chance as a real force is a myth. It has no basis in reality and no place in scientific inquiry. For science and philosophy to continue to advance in knowledge, chance must be demythologized once and for all. —RC Sproul
"A lie can travel half way around the world while the truth is putting on its shoes." —Mark Twain "
~"If that's not sufficient for you go soak your head."~Faith
Paul was probably SO soaked in prayer nobody else has ever equaled him.~Faith

This message is a reply to:
 Message 50 by ringo, posted 12-01-2017 11:05 AM ringo has replied

Replies to this message:
 Message 52 by ringo, posted 12-01-2017 12:26 PM Phat has seen this message but not replied
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Phat
Member
Posts: 18248
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 77 of 135 (824705)
12-02-2017 2:36 PM
Reply to: Message 76 by Tangle
12-02-2017 2:32 PM


Re: What if the owners or shareholders are the workers?
There's nothing stopping anyone creating co-ops, so why don't they?
Because the wealthy hold most of the investment money. They are not going to enter into a business deal where they have to provide startup costs and then get a shared return that is less than what they initially spent.
Unless they were just being nice.

Chance as a real force is a myth. It has no basis in reality and no place in scientific inquiry. For science and philosophy to continue to advance in knowledge, chance must be demythologized once and for all. —RC Sproul
"A lie can travel half way around the world while the truth is putting on its shoes." —Mark Twain "
~"If that's not sufficient for you go soak your head."~Faith
Paul was probably SO soaked in prayer nobody else has ever equaled him.~Faith

This message is a reply to:
 Message 76 by Tangle, posted 12-02-2017 2:32 PM Tangle has replied

Replies to this message:
 Message 82 by Tangle, posted 12-02-2017 6:05 PM Phat has not replied
 Message 96 by New Cat's Eye, posted 12-03-2017 6:43 PM Phat has not replied

  
Phat
Member
Posts: 18248
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


(1)
Message 107 of 135 (824850)
12-04-2017 11:17 AM
Reply to: Message 106 by New Cat's Eye
12-04-2017 11:13 AM


Re: What someone gets vs what they earn vs what they are worth
I always wondered why you didnt like unions....now I'm starting to see your mindset... My Republican friend always tells me that its not his responsibility to fund my retirement. They just want us to die and get out of the way so that their kids have room to thrive.

Chance as a real force is a myth. It has no basis in reality and no place in scientific inquiry. For science and philosophy to continue to advance in knowledge, chance must be demythologized once and for all. —RC Sproul
"A lie can travel half way around the world while the truth is putting on its shoes." —Mark Twain "
~"If that's not sufficient for you go soak your head."~Faith
Paul was probably SO soaked in prayer nobody else has ever equaled him.~Faith

This message is a reply to:
 Message 106 by New Cat's Eye, posted 12-04-2017 11:13 AM New Cat's Eye has replied

Replies to this message:
 Message 112 by New Cat's Eye, posted 12-04-2017 11:51 AM Phat has seen this message but not replied

  
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