Forum Post: Pass a maximum wage law
Posted 13 years ago on Oct. 7, 2011, 1:50 p.m. EST by johndblair
(32)
from Spokane, WA
This content is user submitted and not an official statement
Pass a law that would limit the salaries, bonuses and stock options of all executives of all publicly traded corporations at 25 times that of the lowest paid worker in the corporation. As corporations layoff thousands, the executives gave themselves an average 21% pay increase last year. The salaries of corporate executives should reflect the health of the corporation, and as jobs are lost the pay of the corporate executives should be going down not increasing by millions of dollars a year. In order to end the greed of those who believe that they are better then everyone else we need to cap their salaries, bonuses and stock options at no less than 25 times that of lowest paid worker under them. So talk Maximum wage for all publicly traded corporate executives and lobbyists, they will scream about how un-American it is, but the only un-American action that I see is the rape of America at the hands of multi-national corporations as they steal the natural resources from our ground and leave polluted water and land behind as their legacy.
Some employee's work part time, commission based or might only work one day a given month depending on the industry and type of job. 25 times pay of the average worker would work better, but it's hard to justify any more laws from a corrupt government. The government openly ignores laws it doesn't want to enforce. More law is not what we need, we need less regulation and a restoration of our Constitution by removing the entire government, fire all high ranking employees that make critical decisions, get rid of those elected, start from near scratch and remain vigilant is unfortunately the best we can do. Oh, and don't forget, ABOLISH THE PRIVATE CORPORATION FED!(CENTRAL BANK)
25 times the amount of an average worker would be all right, but I disagree with the notion that more laws are not needed. If we repealed the laws that are meant to keep this nation free, we would see a country divided amongst the rich, for the rich, and only helping the rich. Sure we have bad laws, but they need to be repealed. Sure government is corrupt, but we need some form of government to keep those who wish to destroy all in the name of personal profit in check. Maybe we could easily end this by dividing the country into new nations and letting the people travel to the areas that they want to live under. That way the corporate polluters could have the North East where they have destroyed most of the land already, the religious right can have the South East to call their promised land, the West can be home of the naturalists and those who wish to live in harmony with nature and each other, and the Mid West can be home to those who don't care about anything but making a living and having a roof over their heads.
Lol, A Republican form of government, which we DO HAVE (article 4 section 4 US Constitution) protects minorities rights. A gay guy like me would likely be oppressed more than so already in the South if that happened. What you need to understand is, the government gives people waivers of having to abide by the law. It is the Judicial branch that has simply failed here, which through the politicized DoJ has been proven ineffective. Obama himself and Eric Holder authorized giving a cartel immunity and would agree to inform them if mexican government or US agents came in proximity so they could elude authorities in exchange for intel on rival cartels. So you see, it doesn't matter what the law is, the US Constitution for example, doesn't really exist anymore because of the same principle. Historically governments only last about 200 years before being corrupted and Thomas Jefferson believed a peaceful revolution was necessary every 20 years because of this. Our founding fathers were very aware about this. Check out the American Dream to understand HOW they extract the wealth from our nation in a simple cartoon even a kid can understand! http://www.youtube.com/watch?v=ZPWH5TlbloU
END THE FED!(CENTRAL BANK)
"A government that governs least governs best"-Thomas Jefferson
"The refusal of King George to allow the colonies to operate an honest money system, which freed the ordinary man from clutches of the money manipulators was probably the prime cause of the revolution."- Benjamin Franklin (referring to the Central Bank of England, which like our Federal Reserve is a private corporation owned by banks that prints money OUT OF THIN AIR. The Federal Reserve is the USA's third central bank, abolished twice, yet back, does that not make you wonder why we have one and understand the persistence of bankers?)
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency(They control it through the Federal Reserve/Central Banks and control all of europe through this mechanism), first by inflation, then by deflation,(The Federal Reserve increased the money supply 5 fold since our current financial crisis, so inflation is going to hit hard and will hit virtually overnight) the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs".-Thomas Jefferson
'Give me control of a nations money supply, and I care not who makes it’s laws" -Amschell Rothschild Central Bank Chairman, England Chapter
free markets thats all i can say. The real problem is the governments involvement in the economy. The governments purpose is to protect and defend liberty and instead they are attacking it every day.
Free markets not corporate welfare. I stated a maximum wage law for all executives of PUBLICLY TRADED CORPORATIONS, not privately owned companies. If you wish to make millions you should be responsible for all your actions and have to pay for the clean up of your pollution left behind. I know that my tax dollars are used to clean up many polluted areas in America where the corporations that polluted the land walked away and left the people with the bills for the clean up while the executives of those corporations made millions of dollars and contributed nothing to the pollution clean up.
a maximum wage law means the government is involved, what don't you get. If that law was passed you would just scare capital out of the country. Fuck living here ill move to England or France where there is no maximum wage law. Don't you get it? The government needs to stop trying to fix things, the people will fix things if you let them, the market will fix itself, its the government that creates the problems. The pollution and waste is a problem but it is one that would be fixed if we lived in a free society with free markets. All your going to do is scare companies big and small away from the united states further taking jobs away from americans. Its a socialist idea and so is the minimum wage law.
Let publicly trade corporations move to Europe if they refuse maximum wages, stop buying their products and ban all imports from them. Let those who believe they have the right to have make millions while cutting the jobs of thousands leave this land and forever be banned from returning to it. If we stop the IMF and it's corporate backers now we may see this once great land survive, but without an end to the greed propagated by their way of thinking America will surely be a third world nation before the end of the next generation.
You know where this law would lead... contractors! that is the way around any of these efforts to regulate behavior. If everyone below vice president is a contractor with no benefits, then 25X the vice presidents salary is no problem.
If Publicly traded corporations had a maximum wage law tied to the lowest paid workers salary that would include private contractors working for the corporation in their destruction of the earth.
Majority of the CEO's of fortune 1000 companies make more money before lunch time on January 1st each year than the average annual salary of an entry level employee in his/her corporation.
The funniest thing in that statistics is that most corporations have a holiday on January 1st. Where is the fairness in that? This is not class warfare - its the reality in corporate world today.
Why not have a maximum wage law for the lowest paid worker then as well? How about we do both and call it even? :D Shit, let's also share all that money as well and throw away what makes this country great to live in?
We have a minimum wage law that shows it doesn't work because as the minimum wage increases the price of goods increase, but if we could limit the money that is paid to executives and lobbyists this would help bring down the costs of goods. A maximum wage for all publicly traded corporate officers would work, and if people want to make more money let them work for a private company that does not depend on corporate welfare from the government to stay afloat.
Actually it would not bring down the costs of goods. The "99%" are the main ones who purchase most of the goods you are thinking of. Tell me this, was the new iPhone too costly for you? So you decided to post on here.
A maximum wage law would bring down the costs of goods as figured into the cost of goods are the salaries of all who work for the corporations. You are probably just one of those who are part of the 99% that wishes you were part of the 1%. If people want to earn money let them work for it, but don't reward executives of PUBLICLY TRADED CORPORATIONS that exist off of corporate welfare with pay scales that are thousands of times that of the lowest paid worker in their organization.
Actually I'm a part of the don't care percent. I'm debt free and happy with where I am at. So tell me, how well is that arts degree treating ya?
Actually I'm debt free also and own my house. I do however care about how my fellow humans are being treated and believe it is people like you who don't care about anything but themselves that allow the rape of our land to continue in the name of profits.
You care now, you mean. Where were you in the past? Did you try anything? No. I am guessing you did your job, went home, and didn't give two thoughts about any of this until recently. Now that 2% of people are giving a damn and trying to do "something", you joined them.
I have cared for many years now, probably more than you have been alive. I was active in the civil rights marches and anti-war marches of the sixties and never worked for any corporation or business that I felt was using the American system for personal gain. I have helped many of my neighbors and strangers when I could and required nothing in return. The problem with so many now are that are protesting against the system that they secretly wish to be apart of. I turned down many employment opportunities when I was growing up that would have had me working for an entity that I didn't agree with, but I researched my options and found employment in areas where my input would not be the cause of pollution and suffering for thousands. I have raised a garden for many years now with the excess produce being given to local food banks that don't require a person to believe in their god or their ways. You are one of the many who look at those who have fought their way through the fights of this nation for centuries as part of the problem, but in reality the ground work that we laid during the movements of the sixties is what is giving you know the rights to express yourself now the way do.
I can get behind this and I am a conservative.