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There is also the matter of debt. If a company pays the bosses millions and takes on debt to cover it then there is a shareholders protest. Why as a country is
by Theodores 9y ago
There is also the matter of debt. If a company pays the bosses millions and takes on debt to cover it then there is a shareholders protest. Why as a country is the US racking up the debt when the bosses of USA inc. are lining their pockets? Shouldn't they get their bonuses when the bills are paid? If nobody got a raise due to war debts or earthquake damage but the bosses got bonuses when times were debt free then I could live with that.
My company has a founder with all the trappings of wealth: the cars, boats, houses etc. However he did bring a product to market that many people find extremely valuable. He also built a company that hires 200 or so directly with many more jobs relying on his company. Nobody grumbles about pay. Some day I hope to emulate his success in a downsized way.
My boss struck gold with a hit record that everyone wants. Although there have been patent trolls to deal with none of that success has been due to a tax anomaly or bribes paid. Also the product is green although could always be greener.
So why tax my boss so he only gets a fraction of what he earns? I understand higher rates of tax, that all makes sense, however there will be a small minority of hard working bright people able to be phenomenonally successful. Are these the bad guys we dispense with come the revolution?