Quote:
Originally Posted by NativeOkie
Solitude,
To quote you...
It's not about "making more." The ultra-wealthy, the top 1%, are not "making" anything -- except more money. When is enough enough? Unearned concentration of wealth brings down countries.
When you say that your missing one vital FACT.
They are making something.
They are making the job for the people employed by their idea.
What should the fair compensation be?
5% over costs? 10%.
Maybe actors and professional sports should have ceilings on how much they can make. To be fair.
What do they make?
their product is not something you can eat?
Who decides what the amount of profit should be?
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No question that jobs are created by healthy companies. I'm not talking about companies turning a healthy profit. In fact,
I am not even talking about companies! (Except many privately owned companies - ala Wal-Mart - where the wealth concentration into the hands of 4 or 5 people is just beyond crazy.) I'm talking about the insane, ludicrous salaries of the top executives in American corporations today. They are the people who made an average of 50 times the average wage of those in their company in the seventies and now routinely take in 500 - 1000 times the average wage of their workers.
I am talking about CEOs who make more in ONE HOUR than many of their base workers do in a YEAR.
Think on that one. Some of the most "successful" CEOs have been the
worst performing and get golden parachute deals
just to leave the company. What happened to - "You're outta here!"
The economic questions you asked regarding percentages can be answered, but not in a single post here.