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Originally Posted by aceventura3
I respect your position and understand the point of view presented in your post. There are some inequities in our system of compensating people. However, my view is simple. People should be compensated based on the value they add to marketable goods and services.
If a CEO or a person like Warren Buffet as the unique ability to manage and deploy capital and in the process make billions of dollars after taxes for his company and investors, he should be paid accordingly. If a guy is being paid to hold a traffic sign at a construction site, somthing that billions of people can easily learn and do well, he should be paid based on the value of the service he is providing based on market supply and demand. if millions of people want to pay hundres of dollars to see Shaq dunk a basketball, he should be paid according to the market demand for his skill.
I think the biggest weakness in our system is related to illegal discrimination, fraud, cronyism, and government interference (rather than appropriate regulation) in the market place. I am not sure how you can measure the extent of this problem.
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Ace, we've been here before. I don't disagree that a CEO if he has the accumen to make billions for a company, should be reimbursed well. However, not at the workers cost (layoffs, benefits lost, outsourcing, etc.).
As Henry Ford said, "Pay your workers enough to buy your product and you will always have customers."
It's not class envy, like we have been brainwashed to believe. It's doing the right thing.
Eventually it comes down to this...... what is more valuable in the end? Money and the making of it, or working to better humanity and treating ALL people with dignity?
Right now, this country has chosen money and that will destroy the freedoms and all our forefathers worked hard to build.
We don't have to fear the communist China, the terrorist countries... we are already doing it from within because of our greed.
Plus, we are seeing it all over the place.... CEO's making millions and millions getting all these perks.... then the business goes down... they get fired but they still get millions and millions as a contract buyout.
Excuse me, when a normal worker can't live up to his end of the contract people view it as his fault, he gets fired and nothing, and life goes on.
If the CEO loses millions shouldn't he be held responsible and have to face the ax, a salary cut, loss of perks?????? Why do they have to give him a pass and blame the worker?
Yet on the other side of the coin, the company makes millions in profit, the CEO takes all the credit, gets raises, gets more perks and so on.... but again, the workers get nothing..... if they are lucky the company "won't have to layoff this quarter."
Does that sound like the America that our forefathers wanted?