Left’s problem with CEO pay is just envy
April 22, 2014 09:16 PM | 1227 views | 15 15 comments | 9 9 recommendations | email to a friend | print
DEAR EDITOR:

Re: Bill Press column on CEO pay

Mr. Press is all concerned about 100 CEOs making too much money. What is the problem? If the $1.5 billion that they earned were taxed at 100 percent and distributed equally to the 130 million current workers, each would get $10.71 per more per year. His concern seems not to be inequity, but envy!

William Newman

Marietta

Comments
(15)
Comments-icon Post a Comment
Liberal Games
|
April 24, 2014
I see that "wonderin" has played the Race Card.

When liberals lose an argument, they either resort to name calling and/or play the Race Card. Never fails.
wonderin
|
April 25, 2014
Anyone who does not understand that being white and male did not give someone an advantage in the job market is delusional.

"If by a "liberal" you mean someone who cares about the welfare of the people, their health, their housing, their civil rights and their civil liberties, someone who believes we can break through the stalemate and suspicions that grip us in our policies abroad, if that is what is meant by a liberal, then I am proud to say I am a "liberal". John F. Kennedy
wonderin
|
April 25, 2014
@ Liberal Games, Conservative Rule N0 5. when someone points out that your attitudes are racist, simply say I'm not racist you are racist for calling me a racist. Never fails.
anonymous
|
April 28, 2014
@wonderin

"simply say I'm not racist you are racist for calling me a racist. Never fails."

Just passing through. Read that and, sorry to tell you, but it failed this time.
Tom Spinks
|
April 23, 2014
I have a loving family. I have good health. I have a roof over my head, clothes to wear, and a car to drive anywhere I want to go. I am never hungry and have plenty to eat. I have lots of friends who like me just the way I am. I have a satisfying spiritual life among my church family. I have a TV and a computer. In my daily life, I find many things to be grateful for. I worked all my life and earned what most would consider a modest and average salary. I put money away in savings and only purchase things I need, never things I want. I could care less what some big time CEO makes. I don't want the problems that go with his big money. I am a wealthy man in many ways, maybe not cash rich, but I am wealthy (and grateful).
CobbCoGuy
|
April 24, 2014
Tom Spinks nailed it, folks.
wonderin
|
April 24, 2014
Tom, both you and I are not wealthy, I'm sure you would agree, we are both very fortunate. Much of what I have came from factors I had nothing to do with. I was born white and male that gave me a huge advantage in my work life. Others were not so fortunate. Today in America one percent of the population controls half of the wealth of the entire world. That is simply wrong when many people are struggling to survive.
Ben Twomey
|
April 23, 2014
@ Tired of IT, wonderin, anonymous. Thank you.. Your whining comments here are more proof that Mr. Newman in right in his surmise.
anonymous
|
April 24, 2014
And that proof is simply that you don't agree with them!
Tire of IT
|
April 23, 2014
Many Republicans worry that Democrats want to turn this country into one of 2 classes- the wealthy and those that just get by. The Repubs don't have to worry about the Dems doing that, because the Repubs are well on their way of accomplishing that. The salaries of CEOs, CFOs, COOs, CIOs and the upper crust of corporations are way out of proportion. And for the most part, the basic salary is only the beginning of their pay. The stock options, corporate paid country club memberships, car & travel allowance, executive pension plans that the other employees do not get, bonuses, and use of the corporate jet drive that salary package up, up, up. AND then if they screw up, they get paid millions to leave! The white collar worker does not even need to screw up to be shown the door.

NONE of these CEOs etc are worth millions. Their only objective is to increase the company stock price at the expense of the grind employee. As a white collar employee of a Fortune 500 corporation and a 60 yr old who mostly voted for Republican candidates until 2000, I have seen the disparity in salaries grow worse. And it will continue to grow worse until tax laws are changed and the wealthy truly pay their 39.6% in federal income tax instead of all the deductions that put the wealthy down to 12-15%. Then the middle class will not dwindle and they won't be the main supporter of the rest of society. I do not have capital investment deductions because I do not get paid millions.
CobbCoGuy
|
April 24, 2014
"[CEOs'] only objective is to increase the company stock price at the expense of the grind employee."

No. What Tire of IT meant to say is that a CEO's objective is to increase the company stock price so that the company can continue to provide goods or services and keep people employed, to grow so more jobs are created, to keep the stock price up so that pension funds invested in the company continue to grow and enable the "grind employee" to retire, to pay their vendors who, in turn, provide more jobs, to enable customers of their goods/services to do their jobs, and employ yet more people, or maybe the goods/services are such that it enriches the lives of the customers/ clients.

See, Tire of IT? Isn't that what you really meant to say?

wonderin
|
April 23, 2014
Cry me a river William, the problem hardly envy but pay equity. CEO's salaries have increased ten to twenty times that of their employees. Even if the wealthy were taxed at 100% does not mean that is what they would pay. Many of this country's largest corporations and wealthiest individuals pay no taxes at all. If you learned nothing else from Mitt Romney it should be how to avoid tax by putting your money away bank accounts in Switzerland and the Caymans establish shell companies in Bermuda and deduct $77,000 for your dancing horse Rafalca.
CobbCoGuy
|
April 24, 2014
"If you learned nothing else from Mitt Romney it should be how to avoid tax..."

At least you used the correct term - avoid - which is the legal use of tax laws to reduce one's tax liability. For the low info readers out there, tax EVASION is the illegal counterpart.

Do you think, for example, Obama, Biden, Pelosi, Reid, used any "loopholes" to their advantage?

Yes? Then, whether you like it or not, you are a proponent of serious tax reform - close loopholes, deductions, exemptions, etc. - and implement a flat, or consumption, tax. Accordingly, I hereby urge to you report in to your nearest Tea Party group cuz y'all are on the same sheet of music.

"CEO's salaries have increased ten to twenty times that of their employees."

This it true; however, it is a corporate governance issue. I hope you're not arguing for the Fed'ral Gubmint to step in and try to level this disparity?
anonymous
|
April 23, 2014
When four hundred people control more wealth than half the population something is wrong!
CobbCoGuy
|
April 24, 2014
Well, our friend "anonymous" has most likely been reading Michael Moore. A quick Google search disclosed Moore's March 7, 2011, piece about this very metric - The Forbes 400 list of the richest people in America. Let's call it the "F400."

Here is the problem. This talking point speaks as if the F400 are a caste - they have always been the richest, and will always BE the richest. It is used to promote the "income inequality" tripe, to generate wealth/income envy, to divide us into the 1% and 99%. Those evil F400 are colluding to keep their half the pie, and leave the remaining half for us 99% stiffs to fight over.

The truth is that the F400 list changes every year. Yes, some are on the list for multiple years, but the fact is that capitalism allows for income/wealth mobility.

Henry Ford was part of the 99% before he became part of the 1%.

Steve Jobs (RIP) was part of the 99% before he became part of the 1%.

Off topic sidebar: How many of the F400 are Obama supporters?

What is also embedded in this theme is the notion that wealth is a zero-sum game. That is, because you are rich, I am poor.

If you believe this, I have a question for you - how were you HARMED by Steve Jobs' accumulation of wealth?
*We welcome your comments on the stories and issues of the day and seek to provide a forum for the community to voice opinions. All comments are subject to moderator approval before being made visible on the website but are not edited. The use of profanity, obscene and vulgar language, hate speech, and racial slurs is strictly prohibited. Advertisements, promotions, and spam will also be rejected. Please read our terms of service for full guides