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And? Rich people know how to make money. That is why they are rich. You could even out all of the money in the country between everyone, and in twenty years, maybe less, the result would look very much like it does now. Each year afterwards would create more separation.
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Uh.. I'd be willing to believe that too. Unless you put in a draconian 'money balancing' set of laws and practices that put all the wealth into the hands of 'the state'. Then the current wealthy would simply be replaced by a class of kleptocrats.
And yes.. the rich are different from you and me. They have more money
Ed.. please review the economic history of ANY nation that conducted a campaign of confiscation of wealth. You'll see the same results. And don't get started on the purity of Marxist economic theory. Human nature was not considered in his theories, which resulted in total failure of every single Marxist experiment.
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So how do you explain the children of the wealthy? They are born with a genetic predisposition to handle money correctly? Their access to lawyers and accountants has NOTHING to do with it, they are just all money whizzes?
What about football players and actors? Are they wealthy because they are so good with money?
What about the ones who blow it all? What about someone like Donald Trump who goes bankrupt the way other folks go to the bathroom? Do they mysteriously lose the "rich people brains" one day?
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hee hee. that didn't take long. (moving, that is.)
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When in doubt, just pull a statement out of your ass.
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It's not at all surprising that CEO pay would now be surpassing 2007 levels. I mean look at the stock market.
I don't care how much CEO's are paid in terms of raw dollars, what matters is how much they are paid relative to the typical worker in their company. That disparity now is that they earn 343 times the salary of average workers. That is an unhealthy, unsustainable trend for our economy. It reflects the fact that real middle class wages not only stagnated, they fell off at a time when top executives were rewarded like never before.
To put that in perspective, only 20 years ago CEO's earned around 150 times what average workers did. Back in 1950 they earned around 25 times what average workers did, and arose exclusively through the ranks or were the founder of the company. There weren't superstar deal makers who went from board room to board room with their bag of magic tricks to make the stock look better short term while screwing over workers.
We need accountability from Boards of Directors again...the CEO reports to them. Cashing out while running companies into the ground has been great sport for a few, for a while, but after a time that comes around to bite people in the backside.
