Posted 5 years ago on Oct. 28, 2011, 7:11 p.m. EST by wavefreak58
This content is user submitted and not an official statement
I'm having a conversation online with someone about OWS in general and some of the motivations behind it. This person has a somewhat skeptical view of the whole thing. At one point in the conversation we had this exchange:
(The background is the idea that the people that get paid huge sums to run large corporations deserve huge sums because it is actually a rare talent and an important part of the economy - this way oversimplifies the conversation but I can't do much better for now)
MY RESPONSE TO EARLIER PARTS OF THE CONVERSATION:
No one with a brain would argue that running a billion dollar corporation is something anyone can do. But the gap between the lower and upper segments is accelerating. The justification for allowing extravagant wealth in a society based on equal rights is that benefits will accrue to all when the some are fabulously successful. But the data tells a different story. I heard a story on NPR today about a company that went from 50,000 employees to 30,000 and a stock price of $10 from a peak of $70. The departing CEO received a severance package of 36 MILLION dollars. He got over 50 times the median income for essentially a massive FAILURE. Why shouldn't people be pissed off? 20,000 people lost their jobs, stock holders took an 85% haircut and the man at the top walks away set for life.
The problem isn't that some people work their ass off, make really successful companies and get fantastically compensated. The problem is that the pain of failure is not equally shared.
THE REBUTTAL: Find me 3 people at Occupy Anywhere who agrees with your last paragraph and I will give you 100 dollars. :) Srsly. about an hour ago
MY RESPONSE: LOL. That would require me going down to one of these camps and actually interacting with people. Wouldn't that be something to watch?
(Note: I am high functioning autistic and crowds are not a pleasant experience for me)
THE REJOINDER: It is possible online too. Don't try to get out of this. If you are so sure of what it is about via one statement, then show me the "money". I have not yet found 2 people to agree on any ONE point on this one. LOL!
SO, I need three people that agree with the last paragraph above whare I state this:
"The problem isn't that some people work their ass off, make really successful companies and get fantastically compensated. The problem is that the pain of failure is not equally shared."