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Author Topic:   Wealth Distribution in the USA
1.61803
Member (Idle past 1580 days)
Posts: 2928
From: Lone Star State USA
Joined: 02-19-2004


(5)
Message 511 of 531 (712620)
12-05-2013 12:14 PM


I always thought that if you pay your employees more they will in turn go out and spend more, invest more and increase the economy. But simply paying CEOs and Corporatist more does little to stimulate the economy because those types tend to acumulate weath but not spread it around. I could be wrong though.
Edited by 1.61803, : spelling

"You were not there for the beginning. You will not be there for the end. Your knowledge of what is going on can only be superficial and relative" William S. Burroughs

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Straggler
Member (Idle past 142 days)
Posts: 10333
From: London England
Joined: 09-30-2006


(1)
Message 512 of 531 (712625)
12-05-2013 12:20 PM
Reply to: Message 510 by Jon
12-05-2013 11:56 AM


Re: Fast Food Strikes and the Minimum Wage
Jon writes:
But it could be different.
Wot...?
You mean some alternative to markets rigged in favour of those those with the most wealth and power......?
Surely not!!
You socialist you.
Jon writes:
But it could be different.
Indeed.
Edited by Straggler, : No reason given.

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RAZD
Member (Idle past 1481 days)
Posts: 20714
From: the other end of the sidewalk
Joined: 03-14-2004


(1)
Message 513 of 531 (712674)
12-05-2013 7:51 PM
Reply to: Message 511 by 1.61803
12-05-2013 12:14 PM


I always thought that if you pay your employees more they will in turn go out and spend more, invest more and increase the economy. But simply paying CEOs and Corporatist more does little to stimulate the economy because those types tend to acumulate weath but not spread it around. I could be wrong though.
That's what Henry Ford believed, and that's what made Detroit the car central for the USA.
The major problem today is wage inequality, and the tax structure should discourage this.
Perhaps corporate tax rates should by (1-[lowest hrly wage/highest hrly wage]) ... pay everyone the same and you pay no taxes ...

we are limited in our ability to understand
by our ability to understand
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xongsmith
Member
Posts: 2600
From: massachusetts US
Joined: 01-01-2009
Member Rating: 4.8


Message 514 of 531 (712680)
12-05-2013 9:17 PM


Was this posted here yet?
Wealth Inequality
I think it was....
Adding image now:
Edited by xongsmith, : Add image, fix link title

- xongsmith, 5.7d

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Pressie
Member
Posts: 2103
From: Pretoria, SA
Joined: 06-18-2010


Message 515 of 531 (712690)
12-06-2013 4:01 AM
Reply to: Message 514 by xongsmith
12-05-2013 9:17 PM


Where do politicians fit in?
Interesting. Thanks.
Do you have any idea where politicians (Barack, Joe, George W, Dick, Bill, Al, George Original, Dan, etc.) fit into those graphs?
Even lesser known prominent politicians such as Ron , Nancy, Newt, etc? Where do they fit in? What do they actually 'earn'? Those Governors of the States? Congressmen?
It would be interesting to know.

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ringo
Member (Idle past 488 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 516 of 531 (712740)
12-06-2013 12:10 PM
Reply to: Message 511 by 1.61803
12-05-2013 12:14 PM


1.61803 writes:
I always thought that if you pay your employees more they will in turn go out and spend more, invest more and increase the economy.
My father used to tell a story about Henry Ford (which may be apocryphal):
Driving in to the plant one day, Ford noticed that many of his employees were arriving on foot, on bicycles, by streetcar, etc. so he stopped and asked them why they didn't drive cars. They laughed and said, "We can't afford cars on what you pay us."
He immediately doubled their wages.

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dronestar
Member
Posts: 1425
From: usa
Joined: 11-19-2008
Member Rating: 5.5


Message 517 of 531 (712753)
12-06-2013 1:56 PM
Reply to: Message 513 by RAZD
12-05-2013 7:51 PM


Let’s Cap CEO Pay
RAZD writes:
The major problem today is wage inequality,
Agreed.
Not surprisingly, I haven't seen this story in america's corporate media, what do you think:
quote:
Swiss Activists: Let’s Cap CEO Pay
December 2, 2013
Swiss voters struck down an initiative to limit CEO pay to no more than twelve times the lowest-paid worker.
The Swiss pay cap failed, by a 65-35 percent margin.
Activists in the youth wing of Switzerland’s Social Democratic Party had spent four years working on behalf of the 1:12 Initiative for Fair Pay. They had collected the 100,000 signatures needed to get on the ballot and enlisted the support of Swiss labor unions and the country’s two largest left-of-center political parties.
The young 1:12 activists ran a delightfully creative campaign. No corporate executives, they argued, should be able to make more in a month than workers can make in a year.
The 1:12 vote, despite all this noble effort, still fell disappointedly short.
Do Swiss voters simply not care that top executives at world-famous Swiss brands like Nestl and Swatch are making well over 100 times more than their workers? Hardly. They care plenty.
The 1:12 initiative was running dead even in the polls into Octoberuntil Swiss corporations unleashed a lushly financed fear-mongering ad blitz. If the 1:12 initiative passed, they argued, Swiss-based multinationals would shift their operations to friendlier locales, Switzerland’s tax receipts would plummet and the nation’s social safety net would tear into tatters.
Here in the United States, of course, developments along these lines seem politically inconceivable. At the height of the Great Recession, we couldn’t even prevent million-dollar bonuses for CEOs at bailed-out financial giants.
Swiss Activists: Let’s Cap CEO Pay | The Nation#

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Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 518 of 531 (712754)
12-06-2013 2:00 PM
Reply to: Message 517 by dronestar
12-06-2013 1:56 PM


Re: Let’s Cap CEO Pay
The love of money is the root of all evil. The wealthy always win, because they have the politicians in their pocket and lawyers on their payroll. The people will only win if they are unified against the wealthy, but the wealthy trick the middle class into defecting to their side in the name of free enterprise. The middle class think that somehow they too will someday have the huge payday.
Its all rather disgusting, and is a reason that I count on unionism to get a fair wage. The wealthy wont give up anything without pressure.

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dronestar
Member
Posts: 1425
From: usa
Joined: 11-19-2008
Member Rating: 5.5


Message 519 of 531 (712758)
12-06-2013 2:09 PM
Reply to: Message 518 by Phat
12-06-2013 2:00 PM


Re: Let’s Cap CEO Pay
Phat writes:
but the wealthy trick the middle class
What makes the middle class so easy to fool?
Americans are famous for being stupid (according to the recent 2012 Program for International Student Assessment, the U.S. Students Slide In Global Ranking On Math, Reading, Science, U.S. Students Slide In Global Ranking On Math, Reading, Science : The Two-Way : NPR), but what about the Swiss?
Phat writes:
The wealthy wont give up anything without pressure.
Sheesh, all the Swiss had to do was vote. How difficult could that be?

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Theodoric
Member
Posts: 9272
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.8


(1)
Message 520 of 531 (712773)
12-06-2013 2:51 PM
Reply to: Message 519 by dronestar
12-06-2013 2:09 PM


Re: Let’s Cap CEO Pay
What makes the middle class so easy to fool?
Religion.

Facts don't lie or have an agenda. Facts are just facts
"God did it" is not an argument. It is an excuse for intellectual laziness.

This message is a reply to:
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New Cat's Eye
Inactive Member


Message 521 of 531 (712777)
12-06-2013 3:01 PM
Reply to: Message 520 by Theodoric
12-06-2013 2:51 PM


Re: Let’s Cap CEO Pay
What makes the middle class so easy to fool?
Religion.
Hmm. If religion is what made the man so easy to fool, then how was he so easily fooled into religion?

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dronestar
Member
Posts: 1425
From: usa
Joined: 11-19-2008
Member Rating: 5.5


Message 522 of 531 (712778)
12-06-2013 3:03 PM
Reply to: Message 520 by Theodoric
12-06-2013 2:51 PM


Re: Let’s Cap CEO Pay
hey there Theo,
Drone writes:
What makes the middle class so easy to fool?
Theo writes:
Religion.
Well:
1. Are the Swiss particularly religious?
2. Are people stupid because they are religious or are people religious because they are stupid?
3. What about Pope Francis' recent calling of unfettered Capitalism 'Tyranny?' Will this sway the stupid?
Pope Francis Calls Unfettered Capitalism 'Tyranny' | BillMoyers.com

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Theodoric
Member
Posts: 9272
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.8


Message 523 of 531 (712779)
12-06-2013 3:07 PM
Reply to: Message 521 by New Cat's Eye
12-06-2013 3:01 PM


Re: Let’s Cap CEO Pay
If religion is what made the man so easy to fool, then how was he so easily fooled into religion?
The parts of that sentence have nothing do with each other. The premise and conclusion are faulty. Logically it is flawed and has no meaning.

Facts don't lie or have an agenda. Facts are just facts
"God did it" is not an argument. It is an excuse for intellectual laziness.

This message is a reply to:
 Message 521 by New Cat's Eye, posted 12-06-2013 3:01 PM New Cat's Eye has replied

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Theodoric
Member
Posts: 9272
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.8


Message 524 of 531 (712780)
12-06-2013 3:13 PM
Reply to: Message 522 by dronestar
12-06-2013 3:03 PM


Re: Let’s Cap CEO Pay
1. No but they do not have the huge disparities that we see in more religious countries like the US and Latin America. Using the Swiss as an example is flawed.
2. Commission a study.
3. Of course not. The Pope is a minor player in world society and politics.

Facts don't lie or have an agenda. Facts are just facts
"God did it" is not an argument. It is an excuse for intellectual laziness.

This message is a reply to:
 Message 522 by dronestar, posted 12-06-2013 3:03 PM dronestar has replied

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dronestar
Member
Posts: 1425
From: usa
Joined: 11-19-2008
Member Rating: 5.5


Message 525 of 531 (712781)
12-06-2013 3:24 PM
Reply to: Message 524 by Theodoric
12-06-2013 3:13 PM


Re: Let’s Cap CEO Pay
Theo writes:
1. Swiss as an example is flawed.
Perhaps, but in regard to their recent anti-CEO-vote, their voting behavior should be revealing in some aspect. Can we not compare/contrast them to america in ANY respect?
Theo writes:
3. Of course not. The Pope is a minor player in world society and politics.
If he keeps up with the authentic Jesus-talk, perhaps that would change?
Theo writes:
2. Commission a study.
It will have to wait till I finish my current study: "Was Captain Kangaroo neither a captain nor a kangaroo?"

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