4 ms·

Agree 100%. To add my own take. No I haven't read Marx just my observations. Humans, rather human nature is the weakest link with whichever system is implemente

Agree 100%. To add my own take. No I haven't read Marx just my observations. Humans, rather human nature is the weakest link with whichever system is implemented. Communism seems to result in dicatorships. Cronyism exists in both communism and capitalism. I honestly think very few people once in power can resist starting to believe in their own hubris. This often results in all sorts problems including wars and cronyism. I think electoral systems that limit people to a few years in power are the only way. Same should apply to cooporate entities unless you founded the company.

gremlinsinc 9y ago
I don't think we need to limit execs in companies...but we should limit pay to a multiplier of average company wages... ---this should be for all upper management... There could be variations based on job growth...new jobs added over previous years...could raise their take or give them a bonus... The end goal: Increase jobs + Increase wage lower the gap between highest/lowest wage earners in America. Also capitalism results in Oligarchy usually which isn't much better than Dictatorship... 1% own everything and control every aspect of society from the shadows... it's one big game of monopoly for them.
- humanrebar 9y ago
  > ...we should limit pay to a multiplier of average company wages... Won't they just find more loopholes to circumvent these rules? Maybe they take small salaries and get paid in transferrable, no expiration stock options. It seems like the way to level the playing field is to figure out ways to help small companies, including startups, to compete with big players.
  - gremlinsinc 9y ago
    During the New Deal era -- I believe there was something like a 90% tax on anything above 10 mill. If you taxed all earnings above a certain threshold for CEO's...then they'd be better off putting it back into their companies..but things are a bit different now adays.. Still something needs to change in 1980 it was 100-200x average employee salary.. since then average worker wages haven't gone up at all, but CEO pay has gone up to 450X the average worker... Trickle down hasn't worked...at all. The middle class is the new 'poor'.. I earn 60k as a jr developer and still money issues are tight.. I shiver to think what'd happen if I lost my job or went to a lower paying job.

gremlinsinc 9y ago

I don't think we need to limit execs in companies...but we should limit pay to a multiplier of average company wages... ---this should be for all upper management... There could be variations based on job growth...new jobs added over previous years...could raise their take or give them a bonus... The end goal: Increase jobs + Increase wage lower the gap between highest/lowest wage earners in America. Also capitalism results in Oligarchy usually which isn't much better than Dictatorship... 1% own everything and control every aspect of society from the shadows... it's one big game of monopoly for them.

humanrebar 9y ago
> ...we should limit pay to a multiplier of average company wages... Won't they just find more loopholes to circumvent these rules? Maybe they take small salaries and get paid in transferrable, no expiration stock options. It seems like the way to level the playing field is to figure out ways to help small companies, including startups, to compete with big players.
- gremlinsinc 9y ago
  During the New Deal era -- I believe there was something like a 90% tax on anything above 10 mill. If you taxed all earnings above a certain threshold for CEO's...then they'd be better off putting it back into their companies..but things are a bit different now adays.. Still something needs to change in 1980 it was 100-200x average employee salary.. since then average worker wages haven't gone up at all, but CEO pay has gone up to 450X the average worker... Trickle down hasn't worked...at all. The middle class is the new 'poor'.. I earn 60k as a jr developer and still money issues are tight.. I shiver to think what'd happen if I lost my job or went to a lower paying job.