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A fair way to shrink the wealth gap
Christian Science Monitor ^
| January 24, 2007
| Editorial
Posted on 01/24/2007 1:59:36 PM PST by Graybeard58
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To: FreedomCalls
It is always the "evil corporations" (i.e., more Marxist language) who are getting too much money, doing something bad, etc. As you point out, athletes and actors are making a ton more than they used to make too, but you don't see these Leftist authors making a bid deal out of that inconvenient fact.
61
posted on
01/24/2007 3:12:45 PM PST
by
Hendrix
To: Graybeard58
The Top 50% pay 96.54% of All Income Taxes
The Top 1% Pay More Than a Third: 34.27%
Jan. 8, 2007: The NY Times Admits It's the Truth
62
posted on
01/24/2007 3:21:18 PM PST
by
LC HOGHEAD
("We are going to take things away from you for the common good" Hillary Clinton,Democrat)
To: Graybeard58
A fair way to shrink the wealth gapHow about education institutes actually TEACHING people marketable skills so that they can go sell their skills and knowledge on the open economy?
How about people stop whining about what someone else has and actually WORKING to try to earn at least as much!!
How about kids face up to reality that they ALL won't be rock stars or professional athletes??
These are just for starters, add your own!!
63
posted on
01/24/2007 3:22:00 PM PST
by
DustyMoment
(FloriDUH - proud inventors of pregnant/hanging chads and judicide!!)
To: Tarpon
Where is the inefficiency in CEO pay? Maybe they deserve it ... Or should Steve Joobs take apay cut?
Obviouosly, some CEOs who actually harm a company would be overpaid at $1 per year. On the other hand a CEO who can manage in such a way that a company's short term and longterm profit is sufficiently higher to justify his pay could be worth any amount, unless someone else could do just as well and be willing to work for less.
64
posted on
01/24/2007 3:22:05 PM PST
by
freedomfiter2
(Duncan Hunter '08)
To: Elpasser
And if a corporation's shareholders want to spend $X million to hire the best management talent, I should be concerned because ...?
You are subsidizing that $X million. Stop corporate welfare and this problem will go away.
.
65
posted on
01/24/2007 3:23:02 PM PST
by
mugs99
(Don't take life too seriously, you won't get out alive.)
To: CharacterCounts
"1. All lawmakers cannot make more than 25 times the lowest paid voter."
25 times 0 is about right for most civil masters.
But how can we count the money they steal or are bribed?
66
posted on
01/24/2007 3:23:38 PM PST
by
HuntsvilleTxVeteran
("Remember the Alamo, Goliad and WACO, It is Time for a new San Jacinto")
To: mugs99
"You are subsidizing that $X million. Stop corporate welfare and this problem will go away."
WRONG! Taxpayers are not subsidizing anyone's compensation. That is misinformation in this article by an author who does not have a clue about basic tax law. Corporations are taxed on the profits that they get to keep. If a corporation passes part of the profit to employees as compensation, the corporation should rightly get a deduction for the compensation it paid to the employee because it did not get to KEEP that money. However, the employee pays the tax on the compensation so there is no tax avoidance or subsidy of any kind involved. Just more lies and nonsense from dumb Leftists.
67
posted on
01/24/2007 3:26:47 PM PST
by
Hendrix
To: 91B
My wife and I together make about $100,000 a year which puts us within the top 10% of earners. But are we rich? BWAHAHAHAHAHA!!! Yes you are. Americans forget how rich the country is. You must think you are "poor" if you have to watch a 29" standard def TV instead of a 50" HD plasma.
68
posted on
01/24/2007 3:28:56 PM PST
by
FreedomCalls
(It's the "Statue of Liberty," not the "Statue of Security.")
To: Graybeard58
There is no division or distribution of income in this country. - yet.
Wealth is obtained in only two ways. - It is earned or it is inherited. This article is obscene.
69
posted on
01/24/2007 3:31:39 PM PST
by
bill1952
("All that we do is done with an eye towards something else.")
To: FreedomCalls
"Yes you are. Americans forget how rich the country is. You must think you are "poor" if you have to watch a 29" standard def TV instead of a 50" HD plasma."
Relative to other countries, yes, but not rich in the sense that this guy is some evil person that the democrats should punish with highly progressive, punitive, Marxist redistributive tax rates.
Everyone in this country, including our poor, is rich compared to a lot of countries, thanks to our free market capitalism.
70
posted on
01/24/2007 3:32:39 PM PST
by
Hendrix
To: A. Pole
The legal construct of corporation is to serve the common public interest
LOL! If you really believe what you just wrote, then you are a very uninformed American.
The purpose of every corporation that I ever owned was to generate personal wealth for myself and my family.
And that is the sine quo non of free market capitalism.
71
posted on
01/24/2007 3:36:15 PM PST
by
bill1952
("All that we do is done with an eye towards something else.")
To: bill1952
It amazes me how misinformed and ignorant people are about our free market economy and basic economics. I read some really silly things on this board. It is sad really.
Those are the same people who will read an article like the one by this author and not see that he is clueless and completely wrong about everything he wrote.
72
posted on
01/24/2007 3:38:24 PM PST
by
Hendrix
To: Graybeard58
The only fair way to shrink the wealth gap?
Work harder.
To: Graybeard58
This thread needs a Barf Alert in the title line.
74
posted on
01/24/2007 3:42:58 PM PST
by
wjcsux
(There is no end to the good, that do-gooders will do, with other people's money.)
To: wjcsux
"This thread needs a Barf Alert in the title line."
Big time!
75
posted on
01/24/2007 3:45:09 PM PST
by
Hendrix
To: Hendrix
Boy, do you have that right. 8^)
But here is an interesting quote from one of my favorite Americans who had a word to say on the subject:
Big jobs usually go to the men who prove their ability to outgrow small ones.
- Theodore Roosevelt
76
posted on
01/24/2007 3:45:54 PM PST
by
bill1952
("All that we do is done with an eye towards something else.")
To: randog
>> Currently the top 10 percent of income earners in the US own 70 percent of the wealth...
>>Funny, various government agencies--local, county, state, and federal--own an awful lot of land and property in my area.
That's one of the funny thing, isn't it? How it doesn't count as wealth once it's in government hands... I suppose those with the communist leanings are right then, that when government owns everything then no one owns more than anyone else.
77
posted on
01/24/2007 3:46:06 PM PST
by
Kay Ludlow
(Free market, but cautious about what I support with my dollars)
To: bill1952
A. Pole is correct. That is the history of U.S. corporations and the reason they are chartered by government. What they are in fact is another matter.
78
posted on
01/24/2007 3:48:53 PM PST
by
decimon
To: Graybeard58
79
posted on
01/24/2007 3:49:31 PM PST
by
Centurion2000
(If you're not being shot at, it's not a high stress job.)
To: Graybeard58
Marxachusetts rag. 'Nuff said.
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