The question should be not only how did we get to a system that removes risk for those who have the greatest impact and locked-in financial rewards (CEOs, athletes, actors...), but how shall we re-balance it to be more successful together and more dynamic economically as Team USA
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Excellent point. Any thoughts on how we do that? CEO pay packages seems to me to be one good place to start.
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Note to MAGA red hats: America was Pretty Damn Great back when owners of businesses might make twice as much as their workers did, and were actually taxed accordingly. ...not over 200 times the average employee with a lower effective tax rate.
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Seems like great motivation to
#hustle and put yourself on the path of becoming a CEO! -
Yea if we all just work a little bit harder everyone can be CEO’s!!
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Are we giving out CEO jobs and compensation now? Sign me up!
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If you want to make money like a CEO, work like a CEO.
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There should be a law, that ceo's can only draw a salary commensurate with a certain percentage of their lowest paid worker and they should be subject to annual reviews, not given automatic raises and under no circumstances, golden parachutes.
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But why does one person NEED $100M?
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How long do i have to work to make the money that jennifer lopez or jay z or michael avenatti make? Athletes, entertainers and lawyers regularily escape the prying eye of the salary cops, largely b/c they are reliable votes for democrats on election day, so ignorance is bliss.
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Honestly, it's because athletes and entertainers are gig workers. If people decide their music or movies are cool or they're injured, they take a pay hit than can last for years. CEOs have stock options and also deal with the pay of many people below them.
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"gig workers"?? Maybe at the low levels. Professional athletes get contracts, so do entertainers. They pay huge amounts of money for shorter chunks of time than the typical person works. They get these contracts because of their talent and expertise, ya know, like CEOs.
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There's plenty of evidence that talent & expertise don't account for the extent of CEO pay. Here's a review of a book by a former CEO & board member who has a great analysis on this:https://www.asyousow.org/our-work/ceo-pay/blog/2017/07/book-review-the-ceo-pay-machine …
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You linked to a YOUR review of a book... If you're going to say, "Here's a review by a former CEO who has great analysis." It would be forthcoming to state it as YOUR review.
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Ah, if only there was an edit function I would change that to make it clearer. Many other reviews are available on Amazon if you are looking for them.
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I'm looking for data, not reviews. I'm also looking for legal precedent. I'll take a response to free market labor. Any of the above would be great
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If you are interested in who
@AsYouSow thinks of as some of the most overpaid CEOs, and how your retirement fund voted on them, you can download a report here:https://www.asyousow.org/reports/the-100-most-overpaid-ceos-2018-are-fund-managers-asleep-at-the-wheel …Thanks. Twitter will use this to make your timeline better. UndoUndo
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the fact that we have millionaires running the country supported by billionaires might be the source of wealth disparity
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middle class voting for the R's makes no common sense - now we have the Supreme Court voting against the best interests of working people
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Are you saying rich people don’t work? Maybe they’re rich because they work harder and smarter than many so called working people
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most people work the enormous discrepancy is the problem - and there wouldn't be any "rich" people if not for the "so-called working people" deary
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