 roc5955Premium
join:2005-11-26
Rosendale, NY | RE:Good to be King These obscene bonuses, and salaries for these people are some of the reasons why I am in favor of a MAXIMUM job compensation, wage, salary, whatever you want to call it. Any compensation over a given amount, should be taxed at 110%. Then they would have no incentive to get these platinum parachutes, and obscene bonuses, stock options, and other percs. These should be illegal. Especially when they are sending jobs overseas, and for the jobs that stay in the US, they pay people garbage!
If we taxed these obscene amounts of money given to these bass turds, than we could pay off the debt that the current administration has put us into, in virtually no time flat. We might even be able to develop alternative fuels, and grant healthcare for all citizens as well.
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"Understanding is a three-edged sword." |
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 MadMANNPremium
join:2005-08-19
kudos:2 | said by roc5955:These obscene bonuses, and salaries for these people are some of the reasons why I am in favor of a MAXIMUM job compensation, wage, salary, whatever you want to call it. That's called communism. There are plenty of communist countries that still exist if you prefer. |
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 DotMac4Shill H8rPremium
join:2007-10-26
Huntington Beach, CA | reply to roc5955
There is nothing more portable than rich people and money. They'll find a way around any legal cap you would place on them. |
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 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | reply to roc5955
said by roc5955:We might even be able to develop alternative fuels, and grant healthcare for all citizens as well. Where's the financial incentive for anyone to do that if those who do it are taxed at 110%?
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Only SHATNER is Kirk. |
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DotMac4Shill H8rPremium
join:2007-10-26
Huntington Beach, CA | reply to MadMANN
Actually it's called a progressive tax rate and we had it at 70% Federal (plus put State and localities on top of that) up until the early 80's. Lowering those rates resulted in a substantial revenue increase to the Treasury. Unfortunately Congress spent it all plus more.
Raising the tax rate won't do anything but kill investment. Cutting executive salaries won't do sh!t as even these seemingly high numbers are nothing compared to what is spent on labor by these titanic corporations.
In Sirius' case, $31 million is nothing compared to the $1 billion they lose a year. |
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 hopeflickerCapitalism breeds greedPremium
join:2003-04-03
Long Beach, CA
kudos:1 | reply to MadMANN
said by MadMANN:said by roc5955:These obscene bonuses, and salaries for these people are some of the reasons why I am in favor of a MAXIMUM job compensation, wage, salary, whatever you want to call it. That's called communism. There are plenty of communist countries that still exist if you prefer. yeah? and there are many things in this country that could be considered communism.
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People pray to God because they're told to. |
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MadMANNPremium
join:2005-08-19
kudos:2 | such as? |
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Reviews:
 ·magicjack.com
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said by MadMANN:That's called communism. There are plenty of communist countries that still exist if you prefer. That's an odd assertion... when business owners/officers seek out a *socially* created legal entity (the corporation) to make their business goals less risky, less subject to the truly raw market forces they would face without that artificially-created entity.
See: »Re: Blah blah blah...
Mark |
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hopeflickerCapitalism breeds greedPremium
join:2003-04-03
Long Beach, CA
kudos:1 | reply to MadMANN
The government provides us:
public library
public schools
fire service
police
and many other public services
Also:
Just look in your news paper, turn on the TV or read teh news here at BBR. Just look at all of the Big Brother stories.
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People pray to God because they're told to. |
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MadMANNPremium
join:2005-08-19
kudos:2 | reply to amigo_boy
How is that an odd assertion. In communist countries, you make the same amount of money no matter what you do. The idea of having a maximum compensation is pretty much against the idea of free enterprise. So, maybe communism would be an extreme description, but it certainly is not completely off mark. |
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 CableToolPoorly Representing MYSELF.Premium
join:2004-11-12 | reply to hopeflicker
I dont think you actually know what Communism is. |
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3 edits | reply to hopeflicker
Yep more than plenty. (regards to Communism / Socialism)
Enjoy your police force, firefighters, and EMS? Well guess what. It's socialized by the federal government. Your taxes pay but so do everyone else's. To make this even more communist based, say X city has a fire, they will go and help out another city. IE exactly what communism is, collective actions. So say Chicago has a major fire, another district will expend their citizens tax dollars to go help fight it. DOH.
Enjoy the roads you drive on. Thank the 1950's socialized program to build federal highways. States could have never afforded these on their own budgets. Hence, everyone paying taxes back then had their money collectively dolled out to the states so this could be done. It's still happening a matter of fact when highways are redone via construction.
Love sending your kids to school? Socialism / Communism again. Schools are partly funded by levis. However, federal, state, and local governments socialize their income as it's never enough. So unless you want your kids learning in a one room log cabin, I guess you favor communism.
Best of all, love electricity? I know I do. Got to love how the Northern States (Those paying the MOST TAXES) subsidized / socialized the southern states so places like the Tennessee Valley Authority could bring in electricity in the 30s and 40's.
The list goes on and on. So people who scream socialism will ruin this country simply don't have 2 bits of common sense. Unless you want every city to run independently on the money it collects and receive no other help, then it's a common place ritual in our everyday lives. You might wish to mask it under the guise of "capitalism". However, it walks like a duck and quacks like a duck, its simply communism / socialism. Everyone helping everyone for the benefit of all. |
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·magicjack.com
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said by CableTool:I dont think you actually know what Communism is. This discussion is usually based upon how we "don't have a true free market." (I.e., we require corporations to conduct business in a socially-mandated way in return for receiving a corporate entity from the State. Ergo, it's just a matter of degrees to require more or less behaviors, such as equitable compensation.).
I'm assuming this discussion is similar, and not fixated on perfectly defining fascism, communism or socialism.
In which case, the examples are plenty. Everything from zoning laws that prohibit me from using my backyard as a smelting plant (to supplement the family income) to environmental laws preventing me from using the gutter as a sewer.
From food and drug quality laws which artificially limit willing buyers and sellers (which would exist in a perfect, raw free market) to the SEC (which makes the stock market more predictable for investors, thereby eliminating a good portion of caveat emptor which would exist in an otherwise "free" market).
If you think about it for awhile, otherwise "free markets" are highly moderated by society. It's not until we talk about *more* moderation that someone hurls the facism, communism or soclialism word-bomb. These people are generally happy with all the 'ism we have right now. But, a little more and they use the 'ism word in a derogatory way.
Mark |
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 Mrq5The Fab Four
join:1999-08-21
Warren, MI
1 edit | reply to roc5955
Double-post, I intended to post in this thread. I fully understand how the OP feels.
What we see here is 1 serious side affect caused by the tech boom, over the last 20 years. Technology has allowed corps to produce more goods and services far cheaper. Tech advances also created a global shrinking, where it is easier and cheaper to produce goods/services farther (cheap labor). What this has left us with are fewer US middle-class workers required to produce the same goods/services. Tech and Manufacturing (ex. Cars) companies are producing far more than 20-50 years ago since there are far more potential consumers(6 Billion). Also the same companies were making profits with far more employees needed 20-50 years ago. The big diff now are the executive salaries. TECHNOLOGY HAS SHIFTED MORE LOOT TO THE EXECS/RICH. 20-50 years ago an exec salary would be 3-10X more than the employee. Now that all the US workers are no longer required exec salaries have skyrocketed 100X++ more than the employee.
For me this is an irony since I am employeed as a mid-level tech manager. Even still I can not ignore this obvious side affect of tech. |
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said by CableTool:I dont think you actually know what Communism is. It's obvious he does not understand communism. The guy who stated it should be illegal to make too much money is a communist supporter. He's just pissed he made some crappy decisions in his life and he does not have money. I'm poor now, but instead of sitting on my ass and bitching about CEOs I'm actually busting my ass and working so maybe one day I can make a shit load of money. Typical liberal mentality, though, which is put a limit on my hard work because some people are too lazy to put in countless hours to better their own life.
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"When fascism comes to America, it will be wrapped in the flag, carrying a cross." |
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Reviews:
·magicjack.com
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said by MadMANN:The idea of having a maximum compensation is pretty much against the idea of free enterprise. So is the SEC, food and drug quality laws, or going to Society to receive a socially-created entity (the corporation) to stand as the fall guy if things go wrong. It's just a matter of degrees isn't it? In each case it's a desire to make the market more predictable, eliminating caveat emptor, etc.
said by MadMANN:So, maybe communism would be an extreme description, but it certainly is not completely off mark. As I mentioned in a previous post, whether it's intended or not, those who invoke the 'ism word (facism, communism, socialism) usually do so in order to invoke an automatic reflex among other Americans. It's like invoking "nazi or hitler". We've all been raised to reflexivly recoil against these things.
But, if you objectively consider our system (socialized capitalism?), we're really talking about matters of degrees. Invoking the 'isms is only intended to close off any rational discussion (IMO).
Mark |
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roc5955Premium
join:2005-11-26
Rosendale, NY | reply to MadMANN
said by MadMANN:said by roc5955:These obscene bonuses, and salaries for these people are some of the reasons why I am in favor of a MAXIMUM job compensation, wage, salary, whatever you want to call it. That's called communism. There are plenty of communist countries that still exist if you prefer. Oh, so I guess that when Eisenhower was president, and people in the highest income bracket were taxed at a 90% rate we lived in a communist country.
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"Understanding is a three-edged sword." |
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roc5955Premium
join:2005-11-26
Rosendale, NY
1 edit | reply to texans20
said by texans20:said by CableTool:I dont think you actually know what Communism is. It's obvious he does not understand communism. The guy who stated it should be illegal to make too much money is a communist supporter. He's just pissed he made some crappy decisions in his life and he does not have money. I'm poor now, but instead of sitting on my ass and bitching about CEOs I'm actually busting my ass and working so maybe one day I can make a shit load of money. Typical liberal mentality, though, which is put a limit on my hard work because some people are too lazy to put in countless hours to better their own life. No I am not a communist supporter, but believe that we should do things for more than just money. We have a debt to the rest of our society, if we profit in it, and those who get more benefits from the society, should pay more. I put in about sixty hours a week, and of that sixty hours, about fifteen of them go DIRECTLY to my community, in service to my town. I sit on a committee, and do not get paid for it. I fix their little computer problems at the town hall, and do not get paid for it. I feel that there are more ways to better my life than with money.
BTW -- If you work can't count the hours that you work, than perhaps you don't work ANY hours. Many people who put in these 'countless' hours are doing nothing more than inheriting their money!
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"Understanding is a three-edged sword." |
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pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | said by roc5955:... but believe that we should do things for more than just money. We have a debt to the rest of our society, if we profit in it, and those who get more benefits from the society, should pay more. True, we should be compensating the taxpayers who made the schools, fire, police, hospitals, paramedics and all the other government services which we use possible.
Wait... somehow I think you are referring to bums like this woman.
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Only SHATNER is Kirk. |
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roc5955Premium
join:2005-11-26
Rosendale, NY | reply to pnh102
Why does there have to be financial incentives for everything? Can't people do good for the rest of humanity? What happened to the Christian ethic?
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"Understanding is a three-edged sword." |
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