BU$INE$$; Compliments Of Greed-Is-Good/Reagan-Years

[Mr. Shaman]

"In 1960, the ratio of CEO pay at large companies to that of the president of the United States was about 2 to 1. In 2007, it was more than 20 to 1. In 1980, executives at large companies made about 40 times what the average worker made. Last year, CEOs made about 360 times more than the average worker. During the golden age of U.S. economic power, business schools taught future executives to see themselves as trustees of their companies and stewards of our economic resources.

But today, to the people who run them and the investors who own their stock (mostly very temporarily), public companies have become largely personal ATMs, machines from which to extract as much personal wealth as quickly as possible, within the boundaries of the law (usually). The distinction between creating something of enduring value and merely extracting as much value as possible has dissolved."

What's REALLY comical is how these 1%ers have (actually) convinced the average-American they TOO can become a 1%er!!!!!!!!!!!

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[Dr.Who]

What's REALLY comical is how these 1%ers have (actually) convinced the average-American they TOO can become a 1%er!!!!!!!!!!!

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The public company you spoke of is really just a private company that is publicly traded. It is a private company owned by private citizens. If the people who run that company want to pay their CEO's minimum wage or every cent the company makes it is their decision to make and no one else.

In the United States there are numerous rags to riches stories every year. In fact, the best argument that proponents of welfare make is that being poor is more of a revolving door than a rut. More poor people pull themselves out of poverty than are stuck in it.

Between 1929 and 2003 per capita income disparity shrunk as the economy grew. A rising tide does in deed raise all ships. When the economy does well everyone benefits. In the united states there are those with more and those with less but compared to North Korea we all are rich.
http://www.clevelandfed.org/Research/commentary/2004/0815.pdf

In the united states the income of all groups of people has been increasing but the income of the wealthy has been increasing more. Fair minded people will see the good in there that everyone is getting richer. Jealous people will see that some are getting richer faster.

The real question is what to do about that.

"As I've often said... this [increasing income inequality] is not the type of thing which a democratic society—a capitalist democratic society—can really accept without addressing. - Alan Greenspan, June 2005"

I agree that it would be nice for all of us to get rich (which is happening) and to do it without too much disparity (because there is disparity).

But what we can't do is simply let jealousy allow is to steal money from hardworking and honest people. If the rich are not hardworking and honest then by all means the government can prosecute them to the fullest extent of the law.

Not only can we not steal money from successful people because that harms the ability of all to be successful, but we can't enable the poor to stay poor in the process.

We also have to keep merit based systems so that hard workers earn money but harder workers earn more.

The problem seems to be that all are supposed to have an equal opportunity to use their talents to make it. But if you are going to a failing inner city school and your father is absent and your mother is a crack head then you don't have much of a chance at all to use your talents.

Let's quit the class warfare and just start providing a decent education to all.

 

[Mr. Shaman]

The public company you spoke of is really just a private company that is publicly traded. It is a private company owned by private citizens. If the people who run that company want to pay their CEO's minimum wage or every cent the company makes it is their decision to make and no one else.

Fine! Let 'em have a damned bake-sale to keep their company's head above-water.....rather than expecting everyone-else's tax-dollars to bail-out such a well-run company.​

 

[Andy]

Of all people to talk about greed....

You, a supporter of the Clintons, who made $109 Million from 2001-2008, should not be talking about greed. Btw, they only donated 1% of their income to charity. So much for caring for the poor.

 

[chestnut]

Let's use the fearless leader as an example.. shall we?


http://www.dakotavoice.com/2008/10/biden-and-obama-charity-cheapskates.html

 

[Mr. Shaman]

Of all people to talk about greed....

You, a supporter of the Clintons, who made $109 Million from 2001-2008, should not be talking about greed. Btw, they only donated 1% of their income to charity. So much for caring for the poor.

LOL!!!!!!!!!!!!!!!!!!

Ya' know.....if "conservatives" would quit going-after the Clintons, the Clintons would (probably) do a less-successful job of making "conservatives" look like such Losers!!!!!

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[Dr.Who]

Fine! Let 'em have a damned bake-sale to keep their company's head above-water.....rather than expecting everyone-else's tax-dollars to bail-out such a well-run company.​

Those companies did come come crawling for the bailout until after the bailout was created. Unless there was some back room deal. But anyway, that was the way our presidents told us it happened.

And I am glad to see hat you are coming on board. Those companies should not be getting a bailout.

 

[Mr. Shaman]

Those companies should not be getting a bailout.

Yeah....right.....UNTIL a bad-economy starts affecting those 1%ers living-on stock-dividends!!

THEN....bailing-out companies will be a matter of National Security!!

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[Dr.Who]

Yeah....right.....UNTIL a bad-economy starts affecting those 1%ers living-on stock-dividends!!

THEN....bailing-out companies will be a matter of National Security!!

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I have no doubt that happens. I am saying it should not happen.

But as long as people like you continue to endow congress and the fed with more and more power there is no stopping it.

 

[Mr. Shaman]

But as long as people like you continue to endow congress and the fed with more and more power there is no stopping it.

I guess we're gonna SEE ABOUT THAT!!!!!!!!!!!!!

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"The FBI is conducting more than 500 investigations of corporate fraud amid the financial meltdown, FBI Deputy Director John Pistole told the Senate Judiciary Committee on Wednesday, and there is an even bigger mountain of mortgage fraud cases in which hundreds of millions of dollars may have been swindled from the system.

Pistole says there are 530 active corporate fraud investigations, and 38 of them involve corporate fraud and financial institution matters directly related to the economic crisis.

Additionally, the FBI has more than 1,800 mortgage fraud investigations, more than double the number of such cases just two years ago.

Senate Democrats are urging more spending to expand the ranks of the FBI's financial fraud investigators.

Judiciary Committee Chairman Patrick Leahy, D-Vt., urged the FBI and the Justice Department to put people who have committed mortgage fraud behind bars."

Ya'll can thank The Dems, later.....

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[Dr.Who]

I guess we're gonna SEE ABOUT THAT!!!!!!!!!!!!!





Ya'll can thank The Dems, later.....

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Do you know how many mortgages there are in this country?

The numbers you post just show that the amount of fraud is a drop in the bucket.

Meanwhile you will save us all from the evil of a tiny small amount of private fraud and enslave us to the evil of an authoritative state.

Our founding fathers trusted neither banks nor government but they were wise enough to write a constitution that limited the powers of the latter and not the former. They knew who was to be feared.

 

[Mr. Shaman]

Do you know how many mortgages there are in this country?

The numbers you post just show that the amount of fraud is a drop in the bucket.

How TYPICAL, huh?

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[pocketfullofshells]

What's REALLY comical is how these 1%ers have (actually) convinced the average-American they TOO can become a 1%er!!!!!!!!!!!

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Thats ok , they get paid billions to Fail....Millions to leave the comapny...workers get yelled at for being 5 min late to work, and lose job with out pay for actions of Said CEO....its the American way,,,,success or Fail...if your rich you will always get paid still....alot.

 

[chestnut]

Have you ever thought about the %1ers you complain about. How did they get there. Do you think they wined and complained and pissed and moaned all day?

It could have nothing to do with their abilities and achievements that put them in the position they are. Every 1%er should not be victimized and put in the same pot as the folks on wall street.

There a lot of people who worked very hard to get to where they are and they have done quite a bit of good for the country. Without them, many of the advances in technology, medicine, and engineering would not have come to fruition.

So the next time you are talking on your cell phone and crying about the evil rich people, remember, why you even have the abilityt to do it from a cell phone.

 

[pocketfullofshells]

Have you ever thought about the %1ers you complain about. How did they get there. Do you think they wined and complained and pissed and moaned all day?

It could have nothing to do with their abilities and achievements that put them in the position they are. Every 1%er should not be victimized and put in the same pot as the folks on wall street.

There a lot of people who worked very hard to get to where they are and they have done quite a bit of good for the country. Without them, many of the advances in technology, medicine, and engineering would not have come to fruition.

So the next time you are talking on your cell phone and crying about the evil rich people, remember, why you even have the abilityt to do it from a cell phone.

yea I see them daily on the news....often going to jail for illegal activities that made them rich and screwing over the poor.