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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
02-15-2022, 06:11 AM
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#1
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Registered User
Join Date: Jul 2008
Posts: 20,428
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creating huge amounts of wealth is good
Would those charities be better off if Musk never existed?
He didn’t steal anything. He created something. He’s just a visionary with the ability to act on his visions.
I don’t think his wealth is “fair”. But i know that his wealth is “good” for all of us collectively. We’re better off because his wealth exists.
https://www.foxbusiness.com/economy/...-tesla-charity |
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02-15-2022, 08:24 AM
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#2
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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As you read today's inflation report, pay close attention to what the CEOs who set prices are saying. We got our hands on the latest batch of earnings reports, and it's a doozy. They're literally bragging about hiking prices while hiding behind "inflation." The receipts….
CEOs often speak more candidly on earnings calls (held when a new report comes out), in an effort to impress investors, by bragging about their ruthless profit-rigging schemes. It apparently doesn't occur to them that the public might find out about them! For instance..
The company 3M, which produces N95 masks (and other things) crowed on its earnings call that “the team has done a marvelous job in driving price. Price has gone up from 0.1% to 1.4% to 2.6%." The CFO told investors, "We see that to be a tailwind."
Tyson, one of the big 4 meat monopolies Biden is targeting for price-fixing saw profits nearly DOUBLE after price hikes of 32% on beef and 20% on chicken which the CEO attributed to the "continued resilience of our multi-protein portfolio."
In its 4th quarter report, Johnson & Johnson revealed it raised prices…despite raking in billions from COVID vaccine sales. Its CEO told investors that the need for medical care & to “address suffering and death” is part of J&J's “optimism” & “opportunity” for its future.
Kimberly Clark is a mega-corporation manufacturing everything from paper towels to diapers. On its recent earnings call, CEO Mike Hsu crowed to investors about “multiple rounds” of “significant pricing actions” & admitted he plans to continue doing it throughout the year.
If you want to understand the role of corporate greed in price hikes & inflation in America today, you don't have to take the word of watchdogs or critics of corporations. CEO's are admitting it themselves in plain daylight.
And they're betting they can get away with it.
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02-15-2022, 08:30 AM
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#3
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Quote:
Originally Posted by Jim in CT
Would those charities be better off if Musk never existed?
He didn’t steal anything. He created something. He’s just a visionary with the ability to act on his visions.
I don’t think his wealth is “fair”. But i know that his wealth is “good” for all of us collectively. We’re better off because his wealth exists.
https://www.foxbusiness.com/economy/...-tesla-charity |
California is suing Elon Musk's Tesla, alleging it runs a "racially segregated" workplace and discriminates against Black employees.
Black workers report being concentrated in parts of its factory (one called "the plantation" by other workers) and hearing slurs up to 100x daily.
Posted from my iPhone/Mobile device |
Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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02-15-2022, 09:25 AM
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#4
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,110
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America aren’t against people who make money they are against those who are making the money on the backs of poorly paid works with les and less benefits while the roll in huge profits crazy CEO pay and being all about the share holders , at employees expense.
Over the past 40 years, those at the top of the money food chain have seen their wealth grow at a rate far outpacing everyone else, according to a new analysis released by the Economic Policy Institute, a liberal research group.
In the early 1960s, the top 1 percent of households in terms of net worth held 125 times the median wealth in the United States. Today, that gap has grown to 190 times.
The top 20 percent of wealth-holding households, meanwhile, held 15 times the overall median wealth in the early 1960s. By 2004, that gap had grown to 23 times.
"In 21st century America, wealth begets wealth, and those without wealth find it farther out of reach," the report's authors write.
The
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02-15-2022, 09:26 AM
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#5
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by Pete F.
California is suing Elon Musk's Tesla, alleging it runs a "racially segregated" workplace and discriminates against Black employees.
Black workers report being concentrated in parts of its factory (one called "the plantation" by other workers) and hearing slurs up to 100x daily.
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I guess we know the next target of the leftists... |
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02-15-2022, 10:09 AM
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#6
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by scottw
I guess we know the next target of the leftists...
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saw that coming a mile away... |
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02-15-2022, 12:16 PM
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#7
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Just like Mountain Brook High School where they won’t teach Critical Race Theory but think the juries still out on Master Race Theory
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02-15-2022, 12:56 PM
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#8
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by Pete F.
Just like Mountain Brook High School where they won’t teach Critical Race Theory but think the juries still out on Master Race Theory
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how do you know what’s taught there and what’s not?
Posted from my iPhone/Mobile device |
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02-15-2022, 01:11 PM
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#9
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Registered User
Join Date: Jul 2004
Posts: 10,194
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What charities did he give the money to?
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02-15-2022, 01:34 PM
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#10
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by PaulS
What charities did he give the money to?
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beats me, wasn’t listed in the article. I was curious too. .
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02-15-2022, 01:42 PM
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#11
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Registered User
Join Date: Jul 2004
Posts: 10,194
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Quote:
Originally Posted by Jim in CT
beats me, wasn’t listed in the article. I was curious too. .
Posted from my iPhone/Mobile device
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It's good if he gave to American Red Cross, etc. Not so good if he set up a museum on his property that is open to the public one day a year . |
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02-15-2022, 01:48 PM
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#12
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by PaulS
It's good if he gave to American Red Cross, etc. Not so good if he set up a museum on his property that is open to the public one day a year .
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exactly.
Posted from my iPhone/Mobile device |
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02-15-2022, 02:50 PM
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#13
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by PaulS
Not so good if he set up a museum on his property that is open to the public one day a year .
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did someone do this?
Elon Musk doesn't care where you send your charitable donations...you shouldn't care where he sends his... |
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02-15-2022, 08:14 PM
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#14
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Quote:
Originally Posted by Jim in CT
how do you know what’s taught there and what’s not?
Posted from my iPhone/Mobile device
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I know, they were just kidding
https://www.al.com/news/2022/02/jewi...complaint.html
Posted from my iPhone/Mobile device |
Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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02-16-2022, 07:40 AM
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#15
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by Pete F.
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as always, you didn’t answer the question.
Posted from my iPhone/Mobile device |
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02-16-2022, 09:10 AM
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#16
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Quote:
Originally Posted by Jim in CT
as always, you didn’t answer the question.
Posted from my iPhone/Mobile device
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I did, you just can’t read
Just normal flyover behavior
More antisemitic controversy at @mtnbrookhs as an 11th grade history teacher instructs students to perform Nazi salutes as they stand facing the American flag.
A few of the students refused to participate; the school's Principal and Vice Principal are aware.
Posted from my iPhone/Mobile device |
Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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02-16-2022, 09:15 AM
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#17
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by Jim in CT
as always, you didn’t answer the question.
Posted from my iPhone/Mobile device
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I'm afraid to click pete links....he spends a lot of time in whacko territory  |
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02-16-2022, 09:28 AM
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#18
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by scottw
I'm afraid to click pete links....he spends a lot of time in whacko territory |
He just denied that Bidens primary campaign in 200 was struggling after the early states |
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02-16-2022, 01:31 PM
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#19
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Quote:
Originally Posted by Jim in CT
He just denied that Bidens primary campaign in 200 was struggling after the early states
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He’s old, but not that old.
Posted from my iPhone/Mobile device |
Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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02-17-2022, 06:17 AM
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#20
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by Pete F.
He’s old, but not that old.
Posted from my iPhone/Mobile device
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he seems like a mummy..... |
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02-17-2022, 09:52 AM
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#21
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,110
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Tim Cook made much, much, much more than the average Apple worker in 2021. ... The median pay for Apple employees was $68,254 in 2021, according to Apple's annual proxy statement released Thursday. Cook received $3 million in annual base salary.Jan 10, 2022
Tim Cook earned 1,447 times what a typical Apple employee ...
Investors are being urged to vote against a $99m (£73m) pay package awarded to Apple boss Tim Cook last year. up from $14.8m the year before.
like I said this is what americans are against ...
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02-17-2022, 11:01 AM
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#22
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by wdmso
Tim Cook made much, much, much more than the average Apple worker in 2021. ...
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hmmmm....I wonder why? |
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02-17-2022, 11:18 AM
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#23
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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If you took Tim Cook's $99M pay package and instead gave it to the Apple Employees (154,000) it works out to be $.30 an hour......whatever will they do with that windfall
Posted from my iPhone/Mobile device |
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02-17-2022, 11:31 AM
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#24
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by wdmso
Tim Cook made much, much, much more than the average Apple worker in 2021. ... The median pay for Apple employees was $68,254 in 2021, according to Apple's annual proxy statement released Thursday. Cook received $3 million in annual base salary.Jan 10, 2022
Tim Cook earned 1,447 times what a typical Apple employee ...
Investors are being urged to vote against a $99m (£73m) pay package awarded to Apple boss Tim Cook last year. up from $14.8m the year before.
like I said this is what americans are against ...
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I agree it's not "fair". It's very unfair that there are billionaires, and babies starving to death. But that doesn't mean it's "bad" that Cook has that money. He'll pay some taxes, he'll spend some, he'll give some to charity, and he'll invest some. ALL of that is good for all of us. No one would be better off if he burned that money.
Let's say his annual compensation is $99M as you mentioned.
According to Wikipedia, Apple has 154,000 employees.
So if Cook worked for free and donated every cent of his $99M to the employees, each would get $642.
Big whoop.
I have worked for large corporations (Aetna, The Hartford, Citigroup). I'd HAPPILY fork over $54 a month to have a world-class CEO.
Liberals looovve to beat this drum. It's pointless. I mean, it's good to encourage those folks to help others, but false to imply Cooks salary is a big reason why Apples employees don't make more. It's an extravagant salary of course, but it's a rounding error on Apples balance sheet.
https://en.wikipedia.org/wiki/Apple_Inc. |
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02-17-2022, 11:32 AM
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#25
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by The Dad Fisherman
If you took Tim Cook's $99M pay package and instead gave it to the Apple Employees (154,000) it works out to be $.30 an hour......whatever will they do with that windfall
Posted from my iPhone/Mobile device |
Just did the same exact math. It destroys the argument that CEO pay leaves crumbs for the average employees. It's just not true, not at massive companies like Apple. |
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02-17-2022, 11:33 AM
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#26
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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If you only look at the top executive that math seems to work
But if you compare upper management (not just one guy) to the others you’ll get a far different number
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02-17-2022, 12:49 PM
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#27
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Registered User
Join Date: Feb 2009
Posts: 7,688
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Quote:
Originally Posted by Pete F.
If you only look at the top executive that math seems to work
But if you compare upper management (not just one guy) to the others you’ll get a far different number
Posted from my iPhone/Mobile device
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Can you put a statistical number on talent, ability, motivation, competitiveness, initiative, knowledge? If getting an upper management that is superior in the qualities necessary to successfully compete and innovate requires top dollar salaries, would scaling down those salaries in order to create an illusion of fairness be the best thing for those below "upper management"? |
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02-17-2022, 01:05 PM
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#28
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by Pete F.
If you only look at the top executive that math seems to work
But if you compare upper management (not just one guy) to the others you’ll get a far different number
Posted from my iPhone/Mobile device
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Take the top guy and the next level down. It's still a rounding error on the balance sheet of a huge company.
Pete, everything loos stupid when you consider the cost and completely ignore the value.
If you work for a very large company, is it worth something to you, to have a world-class CEO? Isn't that a good thing for you?
No one has to work at Apple or buy an Apple product, plenty of choices. |
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02-17-2022, 01:05 PM
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#29
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by detbuch
Can you put a statistical number on talent, ability, motivation, competitiveness, initiative, knowledge? If getting an upper management that is superior in the qualities necessary to successfully compete and innovate requires top dollar salaries, would scaling down those salaries in order to create an illusion of fairness be the best thing for those below "upper management"?
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It's all just B.S. woke virtue-signaling. |
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02-17-2022, 01:08 PM
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#30
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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so when companies were struggling at the start of the pandemic, we gave them a $3 trillion bailout
now that they're enjoying record profits (by raising prices), we don't get a dime of it
there's always socialism for corporations, but never for the people paying the bill
CEO pay in past year: up 16% to $14.2 million
CFO pay in past year: up 16% to $4.9 million
Worker pay: down when adjusted for inflation
Funny how the people in charge of the money ensure their raises are comfortably above the inflation they helped create
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