Maximum Wage: Limiting CEO Pay

ttystikk

ttystikk

Well-Known Member
https://truthout.org/articles/attacking-income-inequality-by-limiting-wealth/

Limiting CEO pay to a maximum ratio between the lowest paid- or at least average pay- and that of top executives.

It makes a strong case for how this could help society but I'm not sure I agree with the methodology. That's why I posted it here to see what other people think. Is it just fine for CEOs to make over 1000 times what their workers average (Walmart)?

The author seems to think that high taxes on high incomes is not a viable solution, 'because the rich pushed back'- yet he fails to consider that not only will they always do so but also doesn't address how the rich might push back against his proposal.

The ends are just. Are these the right means? If not, what would work better and be more equitable for everyone?
 
Fogdog

Fogdog

Well-Known Member
https://mediabiasfactcheck.com/truth-out/

Bias of truthout

LEFT BIAS


These media sources are moderately to strongly biased toward liberal causes through story selection and/or political affiliation. They may utilize strong loaded words (wording that attempts to influence an audience by using appeal to emotion or stereotypes), publish misleading reports and omit reporting of information that may damage liberal causes. Some sources in this category may be untrustworthy. See all Left Bias sources.

Factual Reporting: MIXED

Truthout.org is OK. @ttystikk 's blather is at best propaganda, usually fake and always worthless.
 
Boatguy

Boatguy

Well-Known Member
The last attempt at regulating ceo pay got us where we are at.. Loopholes and crooked boards of directors cant be fixed
 
Bugeye

Bugeye

Well-Known Member
Limiting CEO pay feels like a solution looking for a problem.

0.0000065% of the world population are Fortune 500 CEOs, kind of competitive!
 
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Roger A. Shrubber

Roger A. Shrubber

Well-Known Member
a good manager deserves more than an unskilled laborer. i've never understood how a manager can be worth more than a skilled trades person. they talk to each other all day, make decisions most of them don't understand, and sell the work of others who can actually produce something useful to other people. in return for most of them being a burden of varying weights, they take 5 to 10 times a skilled laborers wages, and assorted other benefits in excess of what the labor pool is offered.
CEOs are the same, on a higher level, they do the same shit, they talk to their friends most of the day, make deals that make them money, check up on their managers, talk to their accountants, then go play golf or squash before dinner. they have huge silk parachutes if the company goes belly up, they get bonuses for being parasites, mostly, and they get salaries 1000 or more times the wage of a skilled worker....
imagine that shit. if you continued to live at your current level, you could live for 1000 years on your ceo's yearly salary....
little perspective.......very little....
 
ttystikk

ttystikk

Well-Known Member
Fogdog said:
https://mediabiasfactcheck.com/truth-out/

Bias of truthout

LEFT BIAS


These media sources are moderately to strongly biased toward liberal causes through story selection and/or political affiliation. They may utilize strong loaded words (wording that attempts to influence an audience by using appeal to emotion or stereotypes), publish misleading reports and omit reporting of information that may damage liberal causes. Some sources in this category may be untrustworthy. See all Left Bias sources.

Factual Reporting: MIXED

Truthout.org is OK. @ttystikk 's blather is at best propaganda, usually fake and always worthless.
Click to expand...
It's easier to say you have nothing to say than to try to hide behind someone else's analysis of the source.

No one said it wasn't an opinion piece.

But you kinda missed the point, didn't you?

Poor thing, don't worry your lil head about it.
 
ttystikk

ttystikk

Well-Known Member
Boatguy said:
The last attempt at regulating ceo pay got us where we are at.. Loopholes and crooked boards of directors cant be fixed
Click to expand...
Yes and no. The lawmakers who did the 'regulating' were very much beholden to the upper classes, which explains their results.

Real reform would start with people who don't have an agenda of preserving the status quo as their main goal.
 
ttystikk

ttystikk

Well-Known Member
Roger A. Shrubber said:
a good manager deserves more than an unskilled laborer. i've never understood how a manager can be worth more than a skilled trades person. they talk to each other all day, make decisions most of them don't understand, and sell the work of others who can actually produce something useful to other people. in return for most of them being a burden of varying weights, they take 5 to 10 times a skilled laborers wages, and assorted other benefits in excess of what the labor pool is offered.
CEOs are the same, on a higher level, they do the same shit, they talk to their friends most of the day, make deals that make them money, check up on their managers, talk to their accountants, then go play golf or squash before dinner. they have huge silk parachutes if the company goes belly up, they get bonuses for being parasites, mostly, and they get salaries 1000 or more times the wage of a skilled worker....
imagine that shit. if you continued to live at your current level, you could live for 1000 years on your ceo's yearly salary....
little perspective.......very little....
Click to expand...
Yep.

Someone needs to be done and this is definitely a big part of the reason why.
 
Fogdog

Fogdog

Well-Known Member
ttystikk said:
It's easier to say you have nothing to say than to try to hide behind someone else's analysis of the source.

No one said it wasn't an opinion piece.

But you kinda missed the point, didn't you?

Poor thing, don't worry your lil head about it.
Click to expand...
Keep your shirt on.

I said your source was OK. It doesn't always report fake news too.

Not all the sites you cite are fake news or propaganda sites.
 
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