It is pretty ridiculous a CEO wouldn't be willing to distribute more of their salary back into the business. Clearly $5k more for the lowest workers so way more significant than the CEO making an extra million a year. At that point what are they using all of their salary each year for? Understandably they have worked to get where they are but there has to be a point when enough is enough and greed subsides while the idea of bettering a community and nation is more important.
Yikes! No wonder the average American was upset about the bailouts on Wall Street. CEO are compensated very highly, many people too highly. Personally I think people should get what they earn, the problem is that in finance the earnings are always high and money is sometimes made in damaging ways. I think the German model discussed is much more appealing and could even help solve issues involving income equality.
The "Great Recession" was a problem created by the rich that drastically altered the lives of the poor. It was said that wall street had a gambling problem during the crisis and when you put things in that perspective it makes you see the bailouts in a different light. How could it be logical to give a gambling addict more money after they've lost their money and the money of those who depend on them? How is reimbursing CEO's to this extent justifiable in any way? The income disparity between rich and poor is detrimental to the over all health of our country. It pains me to know that the rich have managed to become so powerful that the future of the poor is dependent on their decisions (more so now then in previous years where the middle class held more weight). A system that supports inequality is not a stable system and I feel like not even the aftermath of the financial crisis will convince these leaders otherwise.
Economies are suppose to be the most efficient when left to their own devises with a "watchdog" government to keep the peace, but we have to realize that our economy was cerated by a series of man made institutions and needs to be regulated by man made institutions in order to keep it functioning properly. Adequate regulation is crucial to closing this gap and unless someone steps up to represent the interests of the greater good there is nothing to stop the rich from driving us all right back into the ground again.
It is pretty ridiculous a CEO wouldn't be willing to distribute more of their salary back into the business. Clearly $5k more for the lowest workers so way more significant than the CEO making an extra million a year. At that point what are they using all of their salary each year for? Understandably they have worked to get where they are but there has to be a point when enough is enough and greed subsides while the idea of bettering a community and nation is more important.
ReplyDeleteYikes! No wonder the average American was upset about the bailouts on Wall Street. CEO are compensated very highly, many people too highly. Personally I think people should get what they earn, the problem is that in finance the earnings are always high and money is sometimes made in damaging ways.
ReplyDeleteI think the German model discussed is much more appealing and could even help solve issues involving income equality.
The "Great Recession" was a problem created by the rich that drastically altered the lives of the poor. It was said that wall street had a gambling problem during the crisis and when you put things in that perspective it makes you see the bailouts in a different light. How could it be logical to give a gambling addict more money after they've lost their money and the money of those who depend on them? How is reimbursing CEO's to this extent justifiable in any way? The income disparity between rich and poor is detrimental to the over all health of our country. It pains me to know that the rich have managed to become so powerful that the future of the poor is dependent on their decisions (more so now then in previous years where the middle class held more weight). A system that supports inequality is not a stable system and I feel like not even the aftermath of the financial crisis will convince these leaders otherwise.
ReplyDeleteEconomies are suppose to be the most efficient when left to their own devises with a "watchdog" government to keep the peace, but we have to realize that our economy was cerated by a series of man made institutions and needs to be regulated by man made institutions in order to keep it functioning properly. Adequate regulation is crucial to closing this gap and unless someone steps up to represent the interests of the greater good there is nothing to stop the rich from driving us all right back into the ground again.