creating huge amounts of wealth is good

[Jim in CT]

Originally Posted by Pete F.

Simple isn’t it

Implications of the growth of CEO-to-top-0.1% compensation ratio.
The fact that CEO compensation has grown far faster than the pay of the top 0.1% of wage earners indicates that CEO compensation growth does not simply reflect a competitive race for skills (the “market for talent”) that also increased the value of highly paid professionals: Rather, the growing pay differential between CEOs and top 0.1% earners suggests the growth of substantial economic rents (income not related to a corresponding growth of productivity) in CEO compensation. CEO compensation appears to reflect not greater productivity of executives but the power of CEOs to extract concessions. Consequently, if CEOs earned less or were taxed more, there would be no adverse impact on the economy’s output or on employment.
Posted from my iPhone/Mobile device

Waah waah waah.

Why do you care? What harm are they doing you? They're easing your tax burden, that's all they're doing. That, and keeping HUGE numbers of us employed.

You like to poke fun at me because I took a demotion. You know why I did it? Because while I'll never have as much as many, I have something that those CEOs will never have.

I have enough. It's an amazing feeling. It's nice to not give a rats azz about what anyone lese has. It's a lot healthier than being jealous of what a tiny, miniscule number of people have.