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Thread: Wealth Inequality in America

  1. #21
    Quote Originally Posted by Iceaxe View Post
    Until the middle class rises up and says... enough... it will not change.
    This is key. When we assign blame to the gov't, we sometimes forget who is ultimately responsible for the gov't (us).
    Last edited by hank moon; 03-04-2013 at 04:48 PM. Reason: clarity

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  4. #22
    Was it Obama that was supposed to fix all this? More like the fox guarding the hen house.
    "There's a sucker born every minute"
    Wrong...there's one born every 0.004 seconds.

  5. #23
    I hope I copied this correctly. Maybe I should post this on the favorite quote thread, but I think it fits here.


    "It is a great pity there is so much strife between capital and labor...Workingmen should not regard capitalists as their enemies. Workingmen should take the view that it is the miser, he who hoards his gold in an old stocking-those are the who should be despised by the workingmen. In this country, with the wages paid, the workingman by denying himself of what he would otherwise spend, can become a capitalist himself, the same as I did... A capitalist is a man who lives on less then he earns"


    Robert Dunsmuir
    Indentured to the Hudson

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  7. #24
    Nice post, witt...I have several very wealthy clients, and the richest of them all ( a man who's worth tens, if not hundreds of millions) told me he has very little of his net worth in cash...most is tied up in investments, doing good things for many people. Very few of these folks have giant wads of cash stashed in a vault somewhere, collecting dust until they pay a visit to grab a few hand fulls for the next high dollar materialist purchase.

    Last May I was on a houseboat trip with some friends. It was just starting to get busy on the lake and at one point the yacht cruised by...man, that thing was off the hook! It was three times the size of our houseboat, and looked to be absolutely top end. I considered the scores, probably hundreds of people involved in the construction of that thing, and it would all come to naught if that man hadn't made the purchase.

    Same thing goes for someone selling high end bedding, or expensive shoes...I own a skateboard that's worth $250, should I feel bad about that? Who defines what's "fair" and what's not? Yacht, no good...skateboard OK? Mind your own damn business and get your ass to work, I like to say.
    "There's a sucker born every minute"
    Wrong...there's one born every 0.004 seconds.

  8. #25
    Carbon Footprint Donor JP's Avatar
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    Quote Originally Posted by hank moon View Post
    Discgo, how do you feel about the rich getting rich from shady finances, helping cause a worldwide financial crisis, getting bailed out by "the gov't" (that means your tax dollars), then getting appointed to gov't positions that help ensure they can continue to do more of the same? This is the rich getting richer, while taking away from you and yours. Do you support that?
    Hank, you sound like the kid in the sandbox. Don't be mad you haven't found the key to unlock the riches Some have whether it was some "shady deals" or honest way of making it. Money makes money, once you hit that vein, you're in. I don't feel their money should be redistributed, it's theirs. You made it, you own it. You want it, I'll give you a job. To think here in America someone else deserves your money is asinine. Even if you didn't work hard for it, it's yours. How is this not a socialist idea?


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  10. #26

  11. #27
    Quote Originally Posted by JP View Post
    To think here in America someone else deserves your money is asinine. Even if you didn't work hard for it, it's yours. How is this not a socialist idea?
    JP, I agree completely. Folks who first fleeced* us with shady finances (aka subprime mortgages), then double fleeced* us by taking our tax dollars in the form of bailouts, then triple fleeced* us by taking bailout funds that were meant to generate (less shady) new lending to the public and instead paying themselves massive bonuses.

    *That is some serious redistribution. But no, it's not socialism. Maybe sociopathism.

  12. #28
    Carbon Footprint Donor JP's Avatar
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    Quote Originally Posted by hank moon View Post
    then triple fleeced* us by taking bailout funds that were meant to generate (less shady) new lending to the public and instead paying themselves massive bonuses.
    Simple, get the government out of businesses they have no business being in. It's all about power grabs and control. They show us time and time again, they cannot run what they already have. How's that Post Office doing? I won't even get into social security and the rest


  13. #29
    Quote Originally Posted by JP View Post
    Simple, get the government out of businesses they have no business being in.
    ^^^THIS^^^

    The government did a great job of redistributing the wealth.... They just went in a different direction then most of us were hoping for.


    Tap'n on my Galaxy G3

  14. #30
    Carbon Footprint Donor JP's Avatar
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    Success is uncommon, therefore not to be enjoyed by the common man... Life goes on. Everybody has an opportunity whether they know it or not.


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  16. #31
    Marissa Mayer, the new Yahoo CEO will get more than 35 million over 5 years. That amounts to $798 per hour, if she were to work 24 hours a day. Is there anyone in the world who can produce $798 per hour of value? No there is not. Companies are socialist organizations that redistribute wealth from the people that produce it, the programmers, laborers, etc and they redistribute to those that do not, mainly upper managers. What would yahoo be without a CEO? Simply a company without a CEO, what would it be without programmer? Certainly not an IT company.

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  18. #32
    Carbon Footprint Donor JP's Avatar
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    Good for her. That's the advantages of being a boss. I'm taking it that Yahoo is not unionized, probably a good thing or they wouldn't be around anymore. You don't see Yahoo employees going around saying they're not being treated fairly.


  19. #33
    Quote Originally Posted by reverse_dyno View Post
    Marissa Mayer, the new Yahoo CEO will get more than 35 million over 5 years. That amounts to $798 per hour, if she were to work 24 hours a day. Is there anyone in the world who can produce $798 per hour of value? No there is not. Companies are socialist organizations that redistribute wealth from the people that produce it, the programmers, laborers, etc and they redistribute to those that do not, mainly upper managers. What would yahoo be without a CEO? Simply a company without a CEO, what would it be without programmer? Certainly not an IT company.
    So Steve Jobs was just a CEO... and all those engineers and such that made millions riding on his coat tails could have done it without him? Surely you must get that the CEOs set the tone, direct the vision, and bust their ass for what they get - just go read Discgo's description of what his boss works like.

    So Brad Pitt gets $25m to act in a movie, this has a filming duration of 2 to 6 months... and we had over all our spare cash to watch him - and his kind - pretend to be somebody else. Let's examine that last note... pretend to be somebody else. The people these actors pretend to be typically made nothing, or next to it, and to pretend to be them one gets paid quite possibly more than the original person made in 10 lifetimes. Seems fair - but we can say that they generate huge revenues to the studios so they are paid whatever the traffic will bear.

    Same can be said for most of our professional athletes, recording artists, etc...

    Yet Marrissa Mayer probably is working 12 hrs a day 350 days a year... and phone accessible the other 12 hrs a day and 365 days a year for a mere $7m. I'd say she's getting bent over and plowed. If she turns the company huge profits for her efforts then they should pay her whatever it takes... if she bombs they'll find a way to bail on her.

    Companies aren't these massive evil empires, they are simply made up of people working to make as much as they can while taking risks and providing jobs to many others. Engineers change positions to make more money... so they must be even more evil as they leave the company spending more to hire and retrain... and add burden to those that remain. Maybe we need an Evil, Greedy, Bastard Engineer thread - then we can add one for the programmers, IT boys, and plumbers that screw their companies to look out for themselves.

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  21. #34
    Outstanding double moo...now that's how ya do it! Epic dude!
    "There's a sucker born every minute"
    Wrong...there's one born every 0.004 seconds.

  22. #35
    Quote Originally Posted by boom View Post
    Not only in America but also in some other countries there is inequallity of wealth. Infect most people are unable to live a comfortable and luxuries life even after serving and giving theri whole life to their country adn organiztion where the work and retired.
    Hey, welcome to the group, Boom! I gotta ask though...do they have spell check in Paradise? I read your post and just though...Wha?
    "There's a sucker born every minute"
    Wrong...there's one born every 0.004 seconds.

  23. #36
    Quote Originally Posted by double moo View Post
    So Steve Jobs was just a CEO....
    Please leave Steve Jobs out of the discussion. He was with Apple therefore exempt from any negativity. Subaru, Starbucks and hemp clothing companies should also be exempt from this discussion. Thank you, that is all. Carry on.
    Life is Good

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  25. #37
    Quote Originally Posted by reverse_dyno View Post
    Marissa Mayer, the new Yahoo CEO will get more than 35 million over 5 years. That amounts to $798 per hour, if she were to work 24 hours a day. Is there anyone in the world who can produce $798 per hour of value? No there is not.


    Hahaha.... you have obviously never spent any time in a corporate board room or negotiated million dollar deals... a top CEO is worth every penny.

    A good CEO doesn't make their money grinding, a good CEO will make their pay for the year in 10 minutes in negotiations.... the trick is to know which 10 minutes are the important 10 minutes, and that is what you are paying for.

    And the proof to what I'm saying is top companies are always headhunting top CEO's.



    Tap'n on my Galaxy G3

  26. #38
    Wilderness Photographer cchoc's Avatar
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    The funny thing is that the 'government' is financed by you, but your elected officials are financed by the 1%. And I have been in a few board meetings; it's all about connections, not necessarily hard work or how you got there. Sure, a lot of them are very bright, but it's the network of other C level folks that have been cultivated that determine their real value.
    Charlie...
    Stalking Light

  27. #39
    Quote Originally Posted by cchoc View Post
    And I have been in a few board meetings; it's all about connections, not necessarily hard work or how you got there. Sure, a lot of them are very bright, but it's the network of other C level folks that have been cultivated that determine their real value.
    Bright and brilliant people surround themselves with bright and brilliant people. And the best of the best can manage that group and get paid well to do so. If you think you are underpaid you should find a new job that appreciates your talents, or maybe what you are being paid is all your worth. A top CEO would not be afraid to take the risk.

    As the owner of a company I can tell you my employees are paid what they are worth, if I don't pay them well the good ones are soon gone and I have to fire the deadwood. And its pretty easy to know what an employee is worth. I just look at how much they make the company. A companies C tiered employees are some of the very easist to evaluate.

    If you don't like the current situation it might be time to start your own company. If you are really good at what you do there is always a market and the owner of a good company will make some nice coin (and deal with a lot of headaches).

    Tap'n on my Galaxy G3

  28. #40
    Wilderness Photographer cchoc's Avatar
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    I retired when I was 55, so I don't need or want to start my own company. My point was simply that above a certain level it's all about your network.

    I've done my share of evaluations and hiring and firing, so I know how that works. I also know how to get to C level and that once someone puts you there, as long as that person is still around, you are golden since they will never admit they screwed up by putting you there.

    I have worked at several private companies that went public. Typically the investors appoint most of the board and, after the consummation generally bring in their own 'C' team as the former owner gradually steps aside and moves one. The new 'C' team is there because of 80% networking and 20% talent.
    Charlie...
    Stalking Light

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