A basic economic issue our society has lost its mind on

cawacko said:
Most people don't earn the money they have? That's the type of comment that generally comes from one who doesn't make any money.
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So your argument is that CEO's getting 25 times their average worker were underpaid, and 300 times as much is 'earned'. Why not 5000 times as much? 50000 times? Mayve they 'earn' 50000 times as much.
 
Craig234 said:
It's like talking to a wall. Go do your research.
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I asked how one quantifies corporate welfare policies. I don't see how donations has anything to do with that. Corporate welfare is corporate welfare whether someone in congress receives donations or not. Not sure how that is talking to a wall.
 
Craig234 said:
So your argument is that CEO's getting 25 times their average worker were underpaid, and 300 times as much is 'earned'. Why not 5000 times as much? 50000 times? Mayve they 'earn' 50000 times as much.
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Out of the tens of millions of jobs in the U.S. how many of them are corporate CEO's? Are corporate CEO's the only people in our country who make money? Or was there a code in his post that I missed that alerts one to know that is who he's referring to?
 
cawacko said:
Out of the tens of millions of jobs in the U.S. how many of them are corporate CEO's? Are corporate CEO's the only people in our country who make money? Or was there a code in his post that I missed that alerts one to know that is who he's referring to?
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Tell me how you need a code to figure out who he's talking about:

That what you think? The execs have their pay determined by a compensation committee. That committee has member that are execs like them. They have people on it they owe their jobs to the exec. Odd, they never get a pay cut. In 2008 when the banks were failing by the boatload, they still got full pay and bonuses. They also kept their jobs . They have rigged that system too.

Galbraith called execs ratifiers. They claim to make tough decisions, but they have a staff that goes through the options minutely. Every possibility checked. Then it is presented to the excec who signs to the one offered as the best. He does not gather the data. Often he does not understand it.

I read that the top execs are most like the head of the fraternity in college. A glad hands type ho is gregarious and outgoing. Knows how to please people and play them.
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cawacko said:
Out of the tens of millions of jobs in the U.S. how many of them are corporate CEO's? Are corporate CEO's the only people in our country who make money? Or was there a code in his post that I missed that alerts one to know that is who he's referring to?
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must be that "rule" Nordley was talking about.....
 
Craig234 said:
How many times do I need to say do your research? Here's an article to get you started on one period:

http://www.politicususa.com/2013/09...anding-20-billion-corporate-welfare-bums.html
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I've offered up examples already. You're giving me something from a very partisan left wing site. Politics USA is like rawstory. It's like breibart and World Nut Daily.

There are multiple layers of corporate welfare. On the state level we see it with Amazon II headquarter search and with many other incentives given to corporations to stay or re-locate. On a local level we can see it with stadiums or like in SF with the Twitter tax breaks.

So I don't know if a list exists or not on each level. A simple google search doesn't turn one up.
 
cawacko said:
I've offered up examples already. You're giving me something from a very partisan left wing site. Politics USA is like rawstory. It's like breibart and World Nut Daily.

There are multiple layers of corporate welfare. On the state level we see it with Amazon II headquarter search and with many other incentives given to corporations to stay or re-locate. On a local level we can see it with stadiums or like in SF with the Twitter tax breaks.

So I don't know if a list exists or not on each level. A simple google search doesn't turn one up.
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I don't know of a breakdown for state and local, and don't view that as partisan politics much. It's just race to the bottom stuff.
 
The wealth gap is not an accident, but the plan. The wealthy , including Bannon and Trump, are fundamentally changing America from the constitutional experiment is has been. Money = power. The wealthy are amassing it. Rightys somehow think they are exempt from the confiscation of wealth by the wealthy. Corporate profits are at all time highs. That money did not go into salary raises and benefits for the workers. It went right to the top.It doid not create jobs. This Trumpy tax cut is doing the same damn thing.

Teddy Roosevelt warned us about what the wealthy were doing. But voting for the wealthy will make us rich and powerful too, I guess. The tax plan was like giving the people a tip. Here's a buck, now park my Bently and shut up. http://onpoint.legacy.wbur.org/2010/12/15/teddy-estate
 
Nordberg said:
The wealth gap is not an accident, but the plan. The wealthy , including Bannon and Trump, are fundamentally changing America from the constitutional experiment is has been. Money = power. The wealthy are amassing it. Rightys somehow think they are exempt from the confiscation of wealth by the wealthy. Corporate profits are at all time highs. That money did not go into salary raises and benefits for the workers. It went right to the top.It doid not create jobs. This Trumpy tax cut is doing the same damn thing.

Teddy Roosevelt warned us about what the wealthy were doing. But voting for the wealthy will make us rich and powerful too, I guess. The tax plan was like giving the people a tip. Here's a buck, now park my Bently and shut up. http://onpoint.legacy.wbur.org/2010/12/15/teddy-estate
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On one had we're told we're at full employment, millions of jobs were created in the last half dozen years etc. But now you are saying no jobs were created? Well which is it?
 
Some Firms Elude Anti-Money Laundering Rules

A regulation requiring broker-dealer subsidiaries of banks to report suspicious activities to the government has gone unenforced since passage of the Gramm-Leach-Bliley Act, the General Accounting Office reported. As a result, large portions of the financial system are outside the reach of anti-money laundering initiatives.

A regulation requiring broker-dealer subsidiaries of banks to report suspicious activities to the government has gone unenforced since passage of the Gramm-Leach-Bliley Act, the General Accounting Office reported. As a result, large portions of the financial system are outside the reach of anti-money laundering initiatives.

The regulation, issued by the Treasury Department in 1996, requires depository institutions-including broker-dealer subsidiaries-to file Suspicious Activity Reports, or SARs, whenever criminal activity is suspected.
 
SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision
 
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