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Jul 14 2014 08:02pm
Quote (balrog66 @ Jul 14 2014 11:54am)
http://www.bbc.com/news/28286264

Regarding the bold, that's already happening. Maybe less so in the US because of Reagan-induced delusions, but over here there is a growing distrust towards corporations and especially CEO's (even to those who do not deserve the scorn!)

How would you respond to a pay ratio between highest earner and lowest earner in a company?


I think it's a terrible metric. At the end of the day, it's up to the share holders to determine if it's too much. It's up to the worker to negotiate with his/her boss if they feel that they are unjustly compensated.

Personally, I like it when workers are allowed to purchase ownership in the company. It gives them something to work for.
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Jul 14 2014 11:22pm
I dont really think people understand the insane amount of deadweight a salary like that costs.
The thing that you hear on the news is they get a tax break so they can in turn trickle the money down.
Well that doesn't happen. They re-invest and cause even more deadweight.
On top of it they spend crazy amounts of money at your local monopoly to buy things like a Rolex or Lambo

More dead weight.

Huge waste of money honestly, and for every fancy item bought or 25,000 - 50,000$ invested in a pointless stock; another person is unemployed for a year.
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Jul 14 2014 11:27pm
Quote (Thor123422 @ Jul 14 2014 07:40pm)
Tieing high pay to average pay ensured the average pay is increased any time the top pay wants a raise it would actually make sense that it is a great place to work as a direct result....


It's also pretty discriminatory against the poor.

Quote (Applecrack @ Jul 15 2014 12:22am)
I dont really think people understand the insane amount of deadweight a salary like that costs.
The thing that you hear on the news is they get a tax break so they can in turn trickle the money down.
Well that doesn't happen. They re-invest and cause even more deadweight.
On top of it they spend crazy amounts of money at your local monopoly to buy things like a Rolex or Lambo

More dead weight.

Huge waste of money honestly, and for every fancy item bought or 25,000 - 50,000$ invested in a pointless stock; another person is unemployed for a year.


"Investment is dead-weight to the economy"

This post was edited by bogie160 on Jul 14 2014 11:31pm
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Jul 14 2014 11:36pm
Investment only adds to the GDP
I dont see the money in the pockets of regular people just other rich people rinsing and repeating.
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Jul 14 2014 11:44pm
Quote (Applecrack @ Jul 14 2014 09:22pm)
I dont really think people understand the insane amount of deadweight a salary like that costs.
The thing that you hear on the news is they get a tax break so they can in turn trickle the money down.
Well that doesn't happen. They re-invest and cause even more deadweight.
On top of it they spend crazy amounts of money at your local monopoly to buy things like a Rolex or Lambo

More dead weight.

Huge waste of money honestly, and for every fancy item bought or 25,000 - 50,000$ invested in a pointless stock; another person is unemployed for a year.


Oh ok.
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Jul 14 2014 11:49pm
Quote (Applecrack @ Jul 15 2014 01:36am)
Investment only adds to the GDP
I dont see the money in the pockets of regular people just other rich people rinsing and repeating.


What do you think they produce? Generally goods and services for other people.
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