I hate to write this, but I agree that there is too much wealth in the hands of too few citizens. Before you lambast me, think about it seriously.
The government cannot correct this imbalance. It is up to the culture to correct the greed amongst many of our citizens. For instance, look at professional athletes whose insatiable demands are destroying pro sports to the point that many folks cannot afford to go to a pro ball game. In this case, perhaps they will inflict enough damage to their reputations that it will resolve itself.
The excessive compensation given to some of the CEO’s in the USA has caused serious repercussions, such as ridiculous bailouts, bankruptcies of companies whose stock holders relied upon their solvency for part of their retirement income, etc.. The problem that Wall Street has right now is that there is already a built-in bias against capitalism and the banking/financial industry specifically. It is fueled by the intelligentia in the education establishment and the liberal new media. When stories about bailouts by the government converge with huge compensation packages, it is like gasoline on a fire. That is what is happening right now.
Liekwaise, look at the exessive costs of entertainment tickets to movies, plays, etc.. But the entertainment types are liberals so they get by with their greed easier that the business leaders. I know it does not seem fair, but greed whether it is from a business CEA, a sports star, or a movie star remains what it is - excessive, and during times of high unemployment, it breeds distrust.
The free market system is still the best system for a prosperous economy - but excessive greed is destroying the trust that the general public has in free markets and specifically in capitalism. This is tragic.
>>> The free market system is still the best system for a prosperous economy - but excessive greed is destroying the trust that the general public has in free markets and specifically in capitalism. >>>
With due respect, your heart is in the right place but your diagnoses are way off. Capitalist greed is not killing capitalism, GOVERNMENT GREED is killing capitalism. You are free to never do business with any business or CEO you think is too greedy (and who are you to judge BTW).
But none of us can escape greedy government. The problem is government, government, government.
How so you define greed and excessive greed. You can always not support anyone you feel is greeding. Well anyone except goevernment who will take everything you have and consider it far. Goevernment is the root of our present evail and situation.
Once you equate greed with the accumulation of wealth you lose the argument with everyone who is not a socialist wealth redistributionist at heart.
This philosophy is grounded in the belief that there is only so much pie; only so much wealth. And that every dollar in the hands of one person is a dollar taken from someone else.
I grew up in a small town where almost everyone would be considered low income today. Kids wore patched up jeans and worn out sneakers but as a rule the people were very industrious and hardworking. I never heard my family or friends discuss the honest accumulation of wealth, or people who earned wealth in those terms (greedy).
All we were concerned with was learning how to follow in their footsteps. I don’t care how much more others earn - I care how much I earn.
Have you ever been offered a job by someone who lives on money the government extorts from earners and producers?
“excessive greed is destroying the trust that the general public has in free markets and specifically in capitalism”
That may be true, but who cares? They’re wrong. We should tell them to shut up and worry about themselves, not indulge their illusions.
GREEDY are people who want all their somethings for nothing. GREED is NOT from the wealthy who pay out their arses to supply 50 percent of this country with all their somethings.
“The free market system is still the best system for a prosperous economy - but excessive greed is destroying the trust that the general public has in free markets and specifically in capitalism. This is tragic.”
Exactly right, and has to do with the morals one has with regard to wealth accumulation. Some people have morals, others don’t, and greed overrides all other considerations. However, how to cure the problem is a different story.
“The free market system is still the best system for a prosperous economy - but excessive greed is destroying the trust that the general public has in free markets and specifically in capitalism. This is tragic.”
Exactly right, and has to do with the morals one has with regard to wealth accumulation. Some people have morals, others don’t, and greed overrides all other considerations. However, how to cure the problem is a different story.
The government cannot correct this imbalance. It is up to the culture to correct the greed amongst many of our citizens. For instance, look at professional athletes whose insatiable demands are destroying pro sports to the point that many folks cannot afford to go to a pro ball game. In this case, perhaps they will inflict enough damage to their reputations that it will resolve itself.
Greed? Another persons greed is none of your business. Just like your greed is not the concern of anyone else. You make it sound like greed is criminal. Or immoral. It is neither. Pro sports? I don't care about pro sports. I have an off switch for it. You have an off switch for anything you do not like.
The excessive compensation given to some of the CEO’s in the USA has caused serious repercussions, such as ridiculous bailouts, bankruptcies of companies whose stock holders relied upon their solvency for part of their retirement income, etc.. The problem that Wall Street has right now is that there is already a built-in bias against capitalism and the banking/financial industry specifically. It is fueled by the intelligentia in the education establishment and the liberal new media. When stories about bailouts by the government converge with huge compensation packages, it is like gasoline on a fire. That is what is happening right now.
Amazing. What a CEO is paid is none of your business unless you are a stockholder. If you are a stockholder and you do not like what the company is doing buy it or sell it. This applies to the federal government. Unless there is some kind of national security interest the federal government has no business being involved in commercial enterprises. It certainly has no business bailing out any commercial enterprise.
Liekwaise, look at the exessive costs of entertainment tickets to movies, plays, etc.. But the entertainment types are liberals so they get by with their greed easier that the business leaders. I know it does not seem fair, but greed whether it is from a business CEA, a sports star, or a movie star remains what it is - excessive, and during times of high unemployment, it breeds distrust.
Wow, again. This is really none of your business. Don't buy the tickets. Better yet, start your own entertainment company and make a lot of money. Hopefully someone like yourself won't come along after you are successful, decide you are greedy and take your s*it away...
The free market system is still the best system for a prosperous economy - but excessive greed is destroying the trust that the general public has in free markets and specifically in capitalism. This is tragic.
"Excessive greed"? Nobody cannot even define that......