Forum Post: How should we punish CEOs???
Posted 12 years ago on Oct. 14, 2011, 7:37 p.m. EST by ProudSocialist
(6)
This content is user submitted and not an official statement
Arrest them, jail time, etc.???
What should we do to them for their crimes against humanity
Make them live in East Oakland, California on the average wage of and Oaklander for a 5 years sentence, I was born and raised there, did 18 years before I was paroled to college!
Taxes. Plain and simple. Create a new tax bracket for: 50% of all income above $5 million per year, and raise the capital gains tax from 15% to 50% for those with a net worth greater than $10 million.
Form picket lines at their residences, or as close as feasible. Interfere non-violently with their daily personal activites.
Form picket lines at their residences, or as close as feasible. Interfere non-violently with their daily personal activites.
Asking the wrong question. Why should we punish CEOs? Didn't they earn the money that they made?
spanking.
Talk like this could easily be taken for a lynch mob mentality. If there was a crime commited, as established by the laws on the books then there are already penalties/punishments.
If anyone is wanting to just upend the rule of law and the contitution, then I'm out. I'm certain MOST others feel the same way. We want money out of politics and our votes to mean something again.
We (speaking for the pepole I know) do not have the authority to punish anyone. I doubt you do either.
Take away their binkies?
Who wants to punish anyone. This isn't a mob mentality, I hope. I for one would just like to see the three branches of the United States Government take a stand and enforce proper interpretation of the Constitution and it's Amendments and the just laws in this country.
These have been overlooked and they are not dealing with the true equality of human life. When first created on these shores, it was made for an elite group of men and even after progressive changes (amendments), it seems they want to go back to those so-called "good ole" days and in this is error. This country is too diverse to even imagine that happening.
So, they should be beholden to OW and its activities for maintaining peace and logic to express the need for changes here.
Wait no not a troll...
Something tells me that you are...
Even if that's true, look at how many people agreed. Mission accomplished.
I don't know whether ethical companies truly exist or not but I'm sure they mean the non-ethical scumbag variant.
That being said - I would have to judge for myself.
Also also - OWS is inclusive and open source.
An economic Nuremberg type tribunal might be a good idea.
I support the movement. Peace and true democracy will never be brought about by reforming capitalism. The whole political system needs to change, call it neoliberalism or whatever you like, it's still a capitalist economic model. What concerns me is the lack of political thinking on this website. What answers do you have? Where are you taking this movement? I think if you guys don't take up a political struggle against this capitalist establishment then the movement will fall apart. I am certain of that. Yes we need a revolution, but we need to replace capitalism with a viable alternative run by the people, for the people. It cannot and will not be a peaceful transition. The ruling class will not give up their wealth without a war, a class war. I wish you the best of luck. You must get explicitly political. It's crucial to this movement.
Read some Neale Walsh ... says it perfectly ... any corporation - all employee salaries are visible - each knows what each is making... cap the salary level where above this any profits get cut - percentage to the work force... percentages to management - they get paid more for a reason and are not hourly for a reason- they are paid high enough already to make the hard decisions... workers making the product, workers keeping the quality high and making management happy deserve the biggest bang... now once you have that you take another percentage and GIVE to programs - GIVE to charity ... you make your American Corporations RESPONSIBLE
I've worked on an investigation of a CEO. IT was hard to put him in prison.
Anyhow, what i would suggest:
a) tax all concentrations of assets-and remove all payroll taxes on incomes under $100K(including FICA taxes). This might mean a 1% tax on assets above $1 Million and 2% on assets above $5 million per family.
b) Redo the legal code so that all fines are based on overall asset level. Finland does this based on income-so a software mogul paid $200K for a traffic violation.
c) revamp the jury system so juror are selected a random from voter roles for high profile cases.
d) ban all hard money political donations. Allocate public funds from a pool of citizens selected a random from the voting roles-so politicians would have to deal with a cross section of the electorate to run a campaign.
e) ban politicians from taking any outside money-even if this means raising their salaries and pensions.
f) CEO's punished should be getting mandatory community service among the very poorest communities affected by their actions if they are convicted of crimes.
g) CEO's convicted of crimes should have their assets either confiscated or put into permanent blind trust-and should loose any ability to have property rights or contracts enforced in the future.
h) ban all stock options being granted to CEO's that are short term in nature. CEO's should never be allowed to cash in options in a publicly traded company until 3-4 years after they have left. This would force them to think longer term than they do now.
i) investigation of CEO's should start being overseen by assemblies of citizens selected at random from voter rolls.
Excellent idea. Would the 1% taxes on assets be annually, monthly, or what?
What I would suggest: start with a tax of 1% on assets above $1 Million per family and a 2% tax on assets above $5 Million per family(those figures are roughly the upper 5% and 1% respectively). Start eliminating lower end taxes gradually. If we see either the number of Americans with zero assets increasing or the assets of the upper 5% growing faster than median asset holdings we increase those taxes by .2% per quarter until we see an equilibrium-and use the revenue to reduce low end taxes further or increase the EITC payments(closest thing we now have to a citizen's dividend).
I'm not sure where things even out. One paper I read that just to move to a flat tax paid with an asset tax, about 35% of government revenue would need to come from the asset tax to be distributively neutral compared to the present system.
I'd be willing to accommodate the fairtax folks if we could have an iron clad safeguard that would assure changing the tax system would not be a windfall for the very rich. Pairing asset taxes with a consumption tax really might lower tax collection costs and paperwork. We could make asset taxes low overhead by focusing on a) real estate capital gains b) simply taxing financial instruments via the SEC (These account for over 80% of private wealth).
You want to punish all CEOs?
Um they are the reason we are in debt
Every CEO, of every company, just for being CEOs?
lulz
CAP their salaries .
This is a good idea too. I think a $100k would be good. Or maybe $25k force them to live like us LOL