Should There be a Limit on CEO Pay

I really hoped you were joking. Wealth Distribution is a really really bad thing.

ATownGtr wrote:

This has been a debate topic for quite some time now however I'm not sure where I stand on this. Part of me thinks that if I'm responsible for steering a company and my direction allowed for millions to be made then I would be justified in getting paid millions as well. This I don't have an issue with. My issue resides from the ratio between what the company's average worker makes vs. the guy at the top. If the CEO can take home 12 million in a year why is the average worker of the company making just over minimum wage?

My suggestion is not to regulate the amount of money a CEO can make but to regulate how much of a ratio difference a company can have between it's lowest and highest paid employees. What this would do in effect is distribute company profits in a different manner. If you want to pay your CEO millions then your average employees should be doing good as well. The CEO may steer the boat but the workers keep it moving and maintain it!

What we have now is eventually going to end up with haves and have nots. The lack of wealth distribution in this country is ridiculous and unless you are in the club or born into it you will be lucky to ever be a part of it. Now I know what you are thinking and before you call me a socialist I'm not suggesting that we take from the wealthy and give to the poor. I'm suggesting that if you are a part of a company that is doing well enough for the head guy to take home millions there shouldn't be employees working for it that need food stamps from the government to get by!

With the rest of the money they usually do 2 things,

1. Invest, they will invest it into factories, into workers, into other companies.
2. They save it in a bank (kinda of an investment in a way, true) But the banks will then go on to loan out to other people. Some rich some poor. For small start up business or to go to improvements to their home. Or for a college fund.

Now, why do people work hard? Many people work hard so they get the $$, now they may give that money to charity( Like I have been working on in my personal life past few weeks) Or they want a brand new Porsche 911

Either or is actually good, the factor get business, But that aint the point

With this you are destroying the incentive to have wealth. By taking away that incentive, you are destroying advances in medicine, as lead pharmaceuticals CEO's are now like "but I can only make so much"

And that list goes on and on and on of cases.

Destroying the incentive to have wealth, is backwards steps for society

And this "club or class" of yours, I am not familiar with in a capitalist society, that only exists in communist states like North Korea. Most people are starving there, but the few who have bread are the people born into it, like King jung un

Plus in capitalist society, with hard work you wont be stuck at the bottom of the wealth scale

oceanhawk wrote:

With the rest of the money they usually do 2 things,

Invest, they will invest it into factories, into workers, into other companies.

They save it in a bank (kinda of an investment in a way, true) But the banks will then go on to loan out to other people. Some rich some poor. For small start up business or to go to improvements to their home. Or for a college fund.

Quasi-duck wrote:

oceanhawk wrote:

With the rest of the money they usually do 2 things,

Invest, they will invest it into factories, into workers, into other companies.

They save it in a bank (kinda of an investment in a way, true) But the banks will then go on to loan out to other people. Some rich some poor. For small start up business or to go to improvements to their home. Or for a college fund.

Do you even have sources for this? Because this GIF will point out that rich people do a lot of other things with their money.

Source for what?

oceanhawk wrote:

Source for what?

oceanhawk wrote:

With the rest of the money they usually do 2 things,

Invest, they will invest it into factories, into workers, into other companies.

They save it in a bank (kinda of an investment in a way, true) But the banks will then go on to loan out to other people. Some rich some poor. For small start up business or to go to improvements to their home. Or for a college fund.

I don't want to take away from my idea by using the term "Wealth Distribution" because that in itself has connotations that don't have to do with my idea. I'm speaking more so on the idea of Income Inequality and the fact that, according to the Washington Post, 20% of the earners take in about 50% of the total earning in any given year. I have linked in the Washington Post's article on this topic as it is a good read about the wealth and income inequalities as well.

Washington Post Article

As to what "rich" people spend their money on here is a Business Insider article that included work from CNBC, your investment factories don't seemed to be mentioned. Just because the "idea" was to re-invest back into the economy doesn't necessarily mean they do, many of them are sitting pretty liquid as well. This also doesn't mean that the workers of the company should be government subsidized cause they aren't earning enough while the top guys are busy with the problem of deciding if the new Jet is going to be blue or black. If your company can afford toys and luxury items then your employees should be able to afford to eat without government(my tax money) assistance!

Rich People Spending

Billionaires Hoarding Money not Re-Investing

Reforming income inequality does not remove the incentive of wealth, quite the contrary, when people have more money to spend and invest they have more of a say in the achievement of their wealth. Who came up with the idea that only the top guys should have the ability to re-invest back into the economy? This is not a valid argument against income equality.

Quasi-duck wrote:

oceanhawk wrote:

Source for what?

Your wild statements, which I quite clearly quoted. I'll do it again, pay attention this time.

oceanhawk wrote:

With the rest of the money they usually do 2 things,

Invest, they will invest it into factories, into workers, into other companies.

They save it in a bank (kinda of an investment in a way, true) But the banks will then go on to loan out to other people. Some rich some poor. For small start up business or to go to improvements to their home. Or for a college fund.

oceanhawk wrote:

During the Reagan Administration, trickle-down economics worked. Reagan cut taxes significantly. The top tax rate fell from 70% (for those earning $108,000+) to 28% (for anyone with an income of $18,500 or more). The corporate tax rate was also cut, from 46% to 40%. Reaganomics ended the 1980 recession. That was amazing since the recession suffered from both double-digit unemployment and inflation. (A dreadful situation known as stagflation.)

oceanhawk wrote:

With the rest of the money they usually do 2 things,

Invest, they will invest it into factories, into workers, into other companies.

They save it in a bank (kinda of an investment in a way, true) But the banks will then go on to loan out to other people. Some rich some poor. For small start up business or to go to improvements to their home. Or for a college fund.

Quasi-duck wrote:

oceanhawk wrote:

During the Reagan Administration, trickle-down economics worked. Reagan cut taxes significantly. The top tax rate fell from 70% (for those earning $108,000+) to 28% (for anyone with an income of $18,500 or more). The corporate tax rate was also cut, from 46% to 40%. Reaganomics ended the 1980 recession. That was amazing since the recession suffered from both double-digit unemployment and inflation. (A dreadful situation known as stagflation.)

That has nothing to do with this:

oceanhawk wrote:

With the rest of the money they usually do 2 things,

Invest, they will invest it into factories, into workers, into other companies.

They save it in a bank (kinda of an investment in a way, true) But the banks will then go on to loan out to other people. Some rich some poor. For small start up business or to go to improvements to their home. Or for a college fund.

Please show sources, as I have asked for a third time. Otherwise Chief Keef wins it for me.

That is an "Example" I know leftest struggle to understand that, as there are no examples of their ideology working

Now, before I show you the evidence, I forgot to add that after tax cuts the rich actually pay more! I have mentioned it before, the laffer curve of economics, after regan cut taxes in the 80s the rich actually payed more money!

http://www.heritage.org/~/media/images/reports/1996/bg1086/bg1086c10.ashx

http://www.heritage.org/~/media/images/reports/1996/bg1086/bg1086c5.ashx

http://www.heritage.org/~/media/images/reports/1996/bg1086/bg1086c12.ashx

http://www.heritage.org/research/reports/1996/07/bg1086nbsp-the-historical-lessons-of-lower-tax

No way.

oceanhawk wrote:

heritage.org/~/media/images/re…996/bg1086/bg1086c10.ashx

heritage.org/~/media/images/re…1996/bg1086/bg1086c5.ashx

heritage.org/~/media/images/re…996/bg1086/bg1086c12.ashx

heritage.org/research/reports/…ical-lessons-of-lower-tax

oceanhawk wrote:

I struggle...to understand

Quasi-duck wrote:

oceanhawk wrote:

heritage.org/~/media/images/re…996/bg1086/bg1086c10.ashx

heritage.org/~/media/images/re…1996/bg1086/bg1086c5.ashx

heritage.org/~/media/images/re…996/bg1086/bg1086c12.ashx

heritage.org/research/reports/…ical-lessons-of-lower-tax

Yeah, these sources are getting close to 20 years old, so outdated and useless. Got anything a bit more modern that is actually useful?

oceanhawk wrote:

I struggle...to understand

GG.

This is historical fact, and yet again the leftest struggle to understand that logic of "fact"

oceanhawk wrote:

they are not out dated, that is just pure nonsense,

This is historical fact, and yet again the leftest struggle to understand that logic of "fact"

Quasi-duck wrote:

oceanhawk wrote:

they are not out dated, that is just pure nonsense,

This is historical fact, and yet again the leftest struggle to understand that logic of "fact"

You idiot, you just said they're history. By your logic, the Pope can easily send a Crusade against the Middle East to recapture the Holy Land. Your sources are are ~20 years old, therefore outdated.

The data them selves, depends on which chart, Is all accurate, and is from examples in the past 100 years.

Meanwhile, wait a sec you have not a single source. I have sources, they are accurate and you claim they are out of date?

What do you even mean out of date?

also the pope didnt launch a crusade in the last 50years

actually lets lie it flat @Quasi-duck

are you denying the doubling in tax revenues during the 1980s ?

oceanhawk wrote:

So you are saying that they worked in the past, but not today?

The data them selves, depends on which chart, Is all accurate, and is from examples in the past 100 years.

Meanwhile, wait a sec you have not a single source. I have sources, they are accurate and you claim they are out of date?

What do you even mean out of date?

also the pope didnt launch a crusade in the last 50years

Quasi-duck wrote:

oceanhawk wrote:

So you are saying that they worked in the past, but not today?

The data them selves, depends on which chart, Is all accurate, and is from examples in the past 100 years.

Meanwhile, wait a sec you have not a single source. I have sources, they are accurate and you claim they are out of date?

What do you even mean out of date?

also the pope didnt launch a crusade in the last 50years

Are you stupid? I asked for sources that prove billionaires always either save their money, or invest, which you said they did. Then you go off on a stupid tangent because you have as much brains as a domesticated turkey.

But before I get that, look at those facts, rich people actually pay more tax dollars with tax cuts.... So why do you oppose it?

now, lets dig up this fact yolk

oceanhawk wrote:

haha, but you are still denying the other stuff? and dont go all max on me,

But before I get that, look at those facts, rich people actually pay more tax dollars with tax cuts.... So why do you oppose it?

now, lets dig up this fact yolk

Quasi-duck wrote:

oceanhawk wrote:

haha, but you are still denying the other stuff? and dont go all max on me,

But before I get that, look at those facts, rich people actually pay more tax dollars with tax cuts.... So why do you oppose it?

now, lets dig up this fact yolk

You still haven't provided sources, and I never denied anything, apart from denying your slander.

Do you deny that tax revenue nearly doubled in the 80s even with huge tax cuts

http://www.heritage.org/~/media/images/reports/1996/bg1086/bg1086c10.ashx

oceanhawk wrote:

I will give you the source once you answer this

Do you deny that tax revenue nearly doubled in the 80s even with huge tax cuts

heritage.org/~/media/images/re…996/bg1086/bg1086c10.ashx

oceanhawk wrote:

With the rest of the money they usually do 2 things,

Invest, they will invest it into factories, into workers, into other companies.

They save it in a bank (kinda of an investment in a way, true) But the banks will then go on to loan out to other people. Some rich some poor. For small start up business or to go to improvements to their home. Or for a college fund.

Quasi-duck wrote:

oceanhawk wrote:

I will give you the source once you answer this

Do you deny that tax revenue nearly doubled in the 80s even with huge tax cuts

heritage.org/~/media/images/re…996/bg1086/bg1086c10.ashx

OMG you are still failing to back up the assertions you made earlier. Do you, or do you not, have sources to back up this statement?

oceanhawk wrote:

With the rest of the money they usually do 2 things,

Invest, they will invest it into factories, into workers, into other companies.

They save it in a bank (kinda of an investment in a way, true) But the banks will then go on to loan out to other people. Some rich some poor. For small start up business or to go to improvements to their home. Or for a college fund.

Do you deny that tax revenue nearly doubled in the 80s even with huge tax cuts

heritage.org/~/media/images/re…996/bg1086/bg1086c10.ashx