Forum Post: Regulate the greed.
Posted 11 years ago on Oct. 6, 2011, 6:40 p.m. EST by Sarah01
This content is user submitted and not an official statement
I'm sorry if not that informed on a lot of the issues, so this may seem naive but I think a lot of issues with greedy fat cats be resolved if we could enact a income cap. Say CEOs can only make 200 times annually the income of their lowest paid worker. Regulate the greed. Also regulate their ridiculous bonuses, they are laying off worker left and right but taking multi-million dollar bonus. I would say that they shouldn't be able to get more than their annual income in bonuses, annually. Still a good deal for the "elite" 400 times the pay of their lowest paid worker, and I bet everyone would be making more than minimum wage. I know many people reading this are saying but that not how a free country works, well this country isn’t truly free (never has been) and it definitely isn’t working. In fact I think it's broke.
If you don't like what the CEO of Citibank earns, put your money in a different bank and vote them out if you own CITI stock.
Should we also regulate Hollwood actors wages which are 4000 times the lowest paid on the set? What about athletes? Regulate their earnings. Why should A-Rod make more than the guy selling hot dogs?
Just how do you intend to "regulate" the greed? Do you want the government regulating what you can earn?
You can't use lowest wage worker as the measuring point bc the needed skill set for a higher position is much more limited than an unskilled or untrained worker who are a dime for 2 dozen. Perhaps you could use the average employee pay as a number facotoring in the recruiting and training costs for all skill levels.
The problem is that our government is bought. The SEC and the Federal Reserve stated that they had no idea there was anything wrongful happening in the last decade. They are either stupid, lazy, naive or corrupt. You need to understand that government is not the solution, especially since it's been bought for decades and is purely incompeten. We need to make the government sit in the corner for a while.
you are correct on all counts. STUPID this could go on forever, LAZY because its rewarded, NAIVE and CORRUPT because this way they take ALL and leave nothing for us.
The problem is not when a rich person earns 400 times that of a poor person. The problem is when even a good education and hard working spirit lead a person to a life of hardship and financial ruin. The richer are getting richer and the club is getting smaller. Wealth used to be something that people strived for, now it is becoming less and less obtainable for the vast majority.
I hear you loud and clear. The rich own the money printing press. In my estimation, that is one of the pillars to our ruin.