Why the Rich Are So Much Richer

Post by ci5er » Sun, Sep 27, 2015, 3:24 PM UTC

tsotha wrote: post #40

enraged_camel wrote: post #39

Earlier quoted context omitted.

It makes a difference when someone is paid several orders of magnitude more than others in the company because it massively increases inequality, which affects everyone.

How?

I've kept this thread open in a tab for days now hoping you would get a coherent answer.

Because being 'anti-poverty', I get. Extreme poverty sucks.

But being anti-inequality in a small-world networked, coupled, non-linear dynamic system just seems like being against the laws of physics or math (to me).

I'm going to close this tab now. If you ever get a (coherent) response, would you drop me a line letting me know that you have underneath this comment?

Post by rosege » Sun, Sep 27, 2015, 11:21 PM UTC

tsotha wrote: post #38

wstrange wrote: post #12

Some good points in the article, but I am not sure I agree with all of its conclusions. CEO pay is going through the roof because of a ratcheting-up effect that has been going for years. The board brings a consultant to evaluate the CEOs pay. Said consultant is in tight with board, and is looking for their next consulting gig. Not a chance they are going to recommend a significant cut, or a performance plan that is a…

>I'd like to see CEOs treated like true investors. Want to make 50 million if the company does well? Cool. Company loses money? You owe $60 million. I'd like to see people not worry about what other people get paid. Unless you're a shareholder, what difference does it make? It's not your money.

It is if your pension has been invested in it through superannuation/401k

Re: Why the Rich Are So Much Richer

Re: Why the Rich Are So Much Richer