You pretty perfectly exemplified the point Skinned was trying to make. Over the last 10 years the 1% made Over a trillion dollars so you're just embarrassingly uninformed.

All of these metaphors are kind of ridiculous.

The 1% fulfill highly difficult roles in our economy. They produce wealth and are rewarded for it.

The capitalists are a fraction of a percent of the overall population.

If we killed every member of the 1% their job would. be taken up immediately by others. You don't get to be in that position by being more qualified than the competition, you do by being lucky. There's equally qualified people waiting in the wings to take over when the opportunity arises. Additionally the top earners are increasingly making money by owning, not producing.

Even if I accepted what you are saying that doesnt mean the amount of reward is appropriate. There's no way to justify the huge level of reward currently happening.

This post was edited by Thor123422 on Dec 28 2019 01:40pm

Also https://en.wikipedia.org/wiki/Peter_principle

The ones that excel can't really move up to something better than 1%.

I used your reference. Unless you're saying all mexicans are in poverty. You're not racist right?

The true colors finally exposed

Always jealousy and egotism with the left

This post was edited by EndlessSky on Dec 28 2019 02:05pm

He made a factual statement.
I know a ceo of bp australia, i could do his job, in fact his job is easier than my job was, he delegates more than half of his work to lower executives and he takes most of his cues from the head branch.
There is at least 30 people in the company as of my retirement that could step seamlessly into his shoes.

Its the same in pretty much any large corporation.
You often get a top management role because the board think you are easy to control, not because of your business acumen.

Without Bill Gates, Steve Jobs, Elon Musk and Mark Zuckerberg, would Microsoft/Apple/Tesla/Facebook even exist?

Entrepreneurship is a very valuable task from which all of society benefits. Of course the CEO of banks or oil companies could be replaced quite easily, but saying that all the one percenters could easily be replaced is factually wrong. Particularly those among them who really create added value for society are mostly irreplaceable.

The real problem with the current system is that the risk-reward structure for these types of position is off balance.

This post was edited by Black XistenZ on Dec 28 2019 03:41pm

ayup, pettiness due to shortcomings in their own lives

We've seen the impact of similar purges in the past. There is not an endless supply of high end talent.

Owning often means producing, but as I said, there's a huge difference between being a 1% and a 0.03%er.