Five Ugly Extremes of Inequality in America.....

signalmankenneth

Verified User
http://www.alternet.org/print/econo...y-america-contrasts-will-drop-your-chin-floor

poverty-news-cartoon.jpg
 
I too agree that we should regulate greed in our economy. In fact I would go so far as to suggest we pass legislation banning greed.

90% tax rate on marginal earnings with no deductions, 90% cap gains rate and 95% inheritence tax. I think we can do this.
 
I really wish propagandists like Kenny would post the text of the article instead of a link. I don't click links to propaganda sites, because it lends my 'support' to a site that I don't think should exist on the Internet. They should have to support their presence with as little of my help as possible, and that means my click-throughs. But I really did want to pick apart these 5 Great Inequalities, because I'll bet you I could have.

Having not read the 'list' I can predict the following: 1) The things listed are either not inequality, or they are inherent inequality that NO system can eliminate completely, most certainly not the Socialist system advocated by Kenny. 2) The things listed pertain to the Socialism meme regarding the 1%, and Capitalism. 3) Any statistical information presented is skewed and distorted to make Socialism look appealing.

We can easily dismiss this as propaganda, because we have a Constitution which guarantees equality. Because of this, we don't have different tax codes for rich people, they use the same tax code as everyone else in America, because our government doesn't distinguish people by their wealth status or class. Still, it would have been fun to dismantle this idiot's propaganda for the masses, and an opportunity was missed.
 
I too agree that we should regulate greed in our economy. In fact I would go so far as to suggest we pass legislation banning greed.

90% tax rate on marginal earnings with no deductions, 90% cap gains rate and 95% inheritence tax. I think we can do this.

You must have spent too much time in the California sun, because that really is wacko! I am hoping you were being sarcastic.
 

I'd like to analyze this cartoon because it contains several biases that are inherent in certain liberal economics.

First lets start with the huge "ceo" which tells us that CEO's are big, scary fat and evil(the cigar)... apparently the possession of money makes one evil, the only way to remain pure is to live in a barrel... interesting.

Then lets go to the money bag, which apparently the CEO, the man running the company, should split with every factory worker, because they have just as much at stake as the man in charge does... Interesting.

Then we go to the barrel, which has lots of inherent contradictions. Overworked and underpaid, but downsized and outsourced? What? If he's doing all that for the company, why would they bother to outsource. The presence of outsourcing indicates that apparently the worker is being overpaid for his work, otherwise third world workers wouldn't be cheaper.

Downsized... That's a phrase that seems to crop up alot when talking about "evil companies" the company no longer wishes to pay you to work because it finds your work redundant. So why should they keep paying you? Or the other option, they can't afford to pay somebody and you were the least useful... Again, why should you keep getting paid? I recently was taken off a shift by my manager because budgets were tight and that shift was overstaffed, I was the least experienced member so I lost a shift. I didn't complain that he made more money than me, or that I was overworked or that downsizing was evil, I found another shift to pick up and moved on.

Blaming the people who have work for your being out of work is the height of entitled whinyness, go find a job or stop complaining, if nothing else, the army is always looking for new recruits to send to the latest middle eastern war.
 
I'd like to analyze this cartoon because it contains several biases that are inherent in certain liberal economics.

First lets start with the huge "ceo" which tells us that CEO's are big, scary fat and evil(the cigar)... apparently the possession of money makes one evil, the only way to remain pure is to live in a barrel... interesting.

Then lets go to the money bag, which apparently the CEO, the man running the company, should split with every factory worker, because they have just as much at stake as the man in charge does... Interesting.

Then we go to the barrel, which has lots of inherent contradictions. Overworked and underpaid, but downsized and outsourced? What? If he's doing all that for the company, why would they bother to outsource. The presence of outsourcing indicates that apparently the worker is being overpaid for his work, otherwise third world workers wouldn't be cheaper.

Downsized... That's a phrase that seems to crop up alot when talking about "evil companies" the company no longer wishes to pay you to work because it finds your work redundant. So why should they keep paying you? Or the other option, they can't afford to pay somebody and you were the least useful... Again, why should you keep getting paid? I recently was taken off a shift by my manager because budgets were tight and that shift was overstaffed, I was the least experienced member so I lost a shift. I didn't complain that he made more money than me, or that I was overworked or that downsizing was evil, I found another shift to pick up and moved on.

Blaming the people who have work for your being out of work is the height of entitled whinyness, go find a job or stop complaining, if nothing else, the army is always looking for new recruits to send to the latest middle eastern war.

In your childish eagerness to be noticed you have misinterpreted the point of the cartoon.
 
I don't understand the right wing. It's ok for anyone but a person who works for a living to have a profit motive.

Ya know I didn't work my ass off to learn my profession to make someone else rich. I did that to make myself prosperous. Now if I happen to work in a mutually beneficial agreement where both of us prosper.....fine! But when a few at the top take a grossly disproportionate amount of the wealth I helped produce.....only a stupid fuck wouldn't fight for their fair share.

CEO salaries are obscene. Why? Because they are not 3,000 times more productive then the average worker. Not only that, they are provided with shares in the company to motivate them to succeed as they prosper greatly when the company prospers but on top of that to get paid obscene salaries to the detriment of share holders and workers and others stake holders in a corporation because the law permits rubber stamp board of directors to give them what the want with little to no accountability to shareholders is fucking criminal. Something has got to change!
 
I too agree that we should regulate greed in our economy. In fact I would go so far as to suggest we pass legislation banning greed.

90% tax rate on marginal earnings with no deductions, 90% cap gains rate and 95% inheritence tax. I think we can do this.

With 5% left over for those fat cats. 200% taxes on EVERYTHING.
 
I don't understand the right wing. It's ok for anyone but a person who works for a living to have a profit motive.

Ya know I didn't work my ass off to learn my profession to make someone else rich. I did that to make myself prosperous. Now if I happen to work in a mutually beneficial agreement where both of us prosper.....fine! But when a few at the top take a grossly disproportionate amount of the wealth I helped produce.....only a stupid fuck wouldn't fight for their fair share.

CEO salaries are obscene. Why? Because they are not 3,000 times more productive then the average worker. Not only that, they are provided with shares in the company to motivate them to succeed as they prosper greatly when the company prospers but on top of that to get paid obscene salaries to the detriment of share holders and workers and others stake holders in a corporation because the law permits rubber stamp board of directors to give them what the want with little to no accountability to shareholders is fucking criminal. Something has got to change!
If you don't want to make somebody else rich don't work for a company that is designed to make the shareholders and people at the top rich.

What's this "fair share" crap? You work, you get the amount you are willing to work for which is the most they are willing to pay you for your work. Everything else is the company's, they can dole it out however they like, you want to demand a fair share, buy stocks in a company or start your own. If I ever start running a corporation however I'm taking all I can get away with, it's my damn corporation.

If the share holders are willing to permit that kind of salary, that what they get. The work is entitled to no say in what the company does, he works for an agreed upon amount of money for work. He does not have to exchange his services for goods. Talk about rubber stamping, if the shareholders don't like what happens they can fire, otherwise they won't. I worked at Mcdonalds for a few years in my teens, I don't expect to tell them what to pay their CEO, I don't expect a share of the international profits, I cleaned floors and tables.
 
Then please explain "the point" All I see is yet another, "The rich suck" cartoon.

There is a distinction between the elipsis of a noun phrase 'the rich', a generality meaning some or all rich people but not necessarily all rich people and the analysis that you offered.
That is the point.
For further explanation you might like to check Cobuild or Swan.
 
There is a distinction between the elipsis of a noun phrase 'the rich', a generality meaning some or all rich people but not necessarily all rich people and the analysis that you offered.
That is the point.
For further explanation you might like to check Cobuild or Swan.
So it's ok to be rich up until you reach a certain point, then you become evil?

I thought declarations of sin was a republican domain.
 
Then please explain "the point" All I see is yet another, "The rich suck" cartoon.

if you look at the size of the money bag and the size of the ceo and make a simple correlation, you may discover that it is the over bloated ceos that are being discussed/dissed

ceos of smaller companies (some few i have worked for) do not command exorbitant salaries or treat their employees badly
 
So it's ok to be rich up until you reach a certain point, then you become evil?

I thought declarations of sin was a republican domain.

no disproportionate ceo salaries usually occur in larger companies that repugs really like because they contribute the most to repug causes (except social conservatives that are a breed of their own, a rather low breed at that)

i am talking about companies where the ceo's compensation is hundreds ro rhousands of times more than the average worker or the average employee's compensation - at that level, the compensation of 'high' level executives becomes obscene
 
no disproportionate ceo salaries usually occur in larger companies that repugs really like because they contribute the most to repug causes (except social conservatives that are a breed of their own, a rather low breed at that)

i am talking about companies where the ceo's compensation is hundreds ro rhousands of times more than the average worker or the average employee's compensation - at that level, the compensation of 'high' level executives becomes obscene

This has been explained before. The reason CEO pay is so high is due to democrat meddling. Had the democrats not tried to limit CEO though the tax code, CEO pay would not have shifted to stock options which is responsible for the rise in CEO pay.

BTW you liberals can wrap your heads around this. As you cheer the rise of the steroid induced BernakQE stock market, sleep easy knowing that it along with Democrat and Clinton legislation is causing the very thing you are complaining about.

Irony is a bitch
 
If you don't want to make somebody else rich don't work for a company that is designed to make the shareholders and people at the top rich.

What's this "fair share" crap? You work, you get the amount you are willing to work for which is the most they are willing to pay you for your work. Everything else is the company's, they can dole it out however they like, you want to demand a fair share, buy stocks in a company or start your own. If I ever start running a corporation however I'm taking all I can get away with, it's my damn corporation.

If the share holders are willing to permit that kind of salary, that what they get. The work is entitled to no say in what the company does, he works for an agreed upon amount of money for work. He does not have to exchange his services for goods. Talk about rubber stamping, if the shareholders don't like what happens they can fire, otherwise they won't. I worked at Mcdonalds for a few years in my teens, I don't expect to tell them what to pay their CEO, I don't expect a share of the international profits, I cleaned floors and tables.
Don't put words in my mouth. I never said that.

If you cleaned floors and tables and made shit wages then hopefully you learned two important things, work ethic and having a skill so good for you but what the fuck does that have to do with my point?

People getting rich is fine, I'm all for it. Particularly for me. :)

What's wrong with the grossly disproportionate salaries for CEO is that they come at the expense of other stake holders of a company. CEO's are not sole owners of said corporations. They are provided ample shares of stock within a corporation so that they will be motivated to make that company suceed as their personal success and wealth depends upon that company succeeding. Then to double dip and pay them exorbitant salaries on top of that dissentivises them and it comes at other stake holders expense. You think that's fair? Wait till you invest a substantial sum in a corporation and find out your not getting paid any dividends that year and the value of your stock has declined but that the CEO and other senior executives are getting 7 and 8 figure bonuses. Then you'll sing a different tune.
 
Don't put words in my mouth. I never said that.

If you cleaned floors and tables and made shit wages then hopefully you learned two important things, work ethic and having a skill so good for you but what the fuck does that have to do with my point?

People getting rich is fine, I'm all for it. Particularly for me. :)

What's wrong with the grossly disproportionate salaries for CEO is that they come at the expense of other stake holders of a company. CEO's are not sole owners of said corporations. They are provided ample shares of stock within a corporation so that they will be motivated to make that company suceed as their personal success and wealth depends upon that company succeeding. Then to double dip and pay them exorbitant salaries on top of that dissentivises them and it comes at other stake holders expense. You think that's fair? Wait till you invest a substantial sum in a corporation and find out your not getting paid any dividends that year and the value of your stock has declined but that the CEO and other senior executives are getting 7 and 8 figure bonuses. Then you'll sing a different tune.

You are wrong. Their salaries are tied to stock options. How does a stock option take money out of someone else's pocket?
 
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