Pages

Jump to bottom

10 comments

1 WINDUPBIRD DISEASE [S.K.U.M.M.]  Sat, Feb 18, 2012 9:41:56pm

they're so evil! I have to laugh at how evil these shits are

2 RoadWarrior  Sat, Feb 18, 2012 10:54:51pm

Nobody should have the right to limit the reward to anyone else's labor. If someone doesn't like how much a CEO earns, they are free to build an organization to acquire shares in that company and change the board of directors. Why should I care if Mark Zuckerberg has $20 billion? It doesn't hurt me. I wasn't going to get any piece of that money if he didn't earn it. I'm certainly not entitled to his shares. I really do not care. I need to focus on what I can do for the world. Maybe, one day, I can figure out how to contribute something that people appreciate, as well.

3 Timmeh  Sat, Feb 18, 2012 11:14:41pm

re: #2 RoadWarrior

Nobody should have the right to limit the reward to anyone else's labor. If someone doesn't like how much a CEO earns, they are free to build an organization to acquire shares in that company and change the board of directors. Why should I care if Mark Zuckerberg has $20 billion? It doesn't hurt me. I wasn't going to get any piece of that money if he didn't earn it. I'm certainly not entitled to his shares. I really do not care. I need to focus on what I can do for the world. Maybe, one day, I can figure out how to contribute something that people appreciate, as well.

The problem as I see it though is that the rewards are not always distributed according to actual contributions but usually according to bargaining power. Rank-and-file workers today have very little bargaining power, whereas CEOs and boards of directors have immense bargaining power, and can basically set their own salaries.

Bargaining power is not the necessarily the same as "earning." For example, if you are dying of thirst in a desert, I could sell you a bottle of water for $1000. It might be worth it to you but the premium I receive is due to bargaining power, not because I "earned" it.

4 celticdragon  Sun, Feb 19, 2012 5:17:30am

re: #3 Timmeh

The problem as I see it though is that the rewards are not always distributed according to actual contributions but usually according to bargaining power. Rank-and-file workers today have very little bargaining power, whereas CEOs and boards of directors have immense bargaining power, and can basically set their own salaries.

Bargaining power is not the necessarily the same as "earning." For example, if you are dying of thirst in a desert, I could sell you a bottle of water for $1000. It might be worth it to you but the premium I receive is due to bargaining power, not because I "earned" it.

This.

Something else to consider is that American worker productivity has increased by about thirty percent in the last thirty five years. Pay has stagnated and even gone down in that time (especially in the last ten years) while executive compensation has roughly quintupled.

Things that make you "hmmm".

5 Obdicut  Sun, Feb 19, 2012 5:21:33am

re: #2 RoadWarrior

Nobody should have the right to limit the reward to anyone else's labor.

The subject, in general, is not labor, but the use of capital to produce revenue.

If someone doesn't like how much a CEO earns, they are free to build an organization to acquire shares in that company and change the board of directors.

They're also free to point out that the compensation is not actually based on the contribution to society, but just what the market will bear.

Why should I care if Mark Zuckerberg has $20 billion? It doesn't hurt me.

To have money aggregate among a small percentage of the population slows the velocity of money, dampens R&D, inhibits education, and impoverishes the nation. Traditionally, capitalism has been defended as the best system to guard aggainst the accretion of money into claves; to have it defended now because it accretes money into claves is fucking weird.

I need to focus on what I can do for the world. Maybe, one day, I can figure out how to contribute something that people appreciate, as well.

Who do you think contributes more to the world-- Jimmy Wales, or Zuckerberg? Atul Gawande, or Rush Limbaugh?

We used to care how people made their money. Now we just fetishize big incomes regardless of their source.

6 Achilles Tang  Sun, Feb 19, 2012 7:44:52am

re: #1 windupbird is in the gravity well

they're so evil! I have to laugh at how evil these shits are

Evil would be nice, but I'm afraid it is simply stupidity with a very close horizon (as comes from reading certain books too literally).

7 Achilles Tang  Sun, Feb 19, 2012 7:46:34am

re: #2 RoadWarrior

You really haven't thought much about this, have you? Can you spell oligarchy, for example? Do you know what it means?

8 Romantic Heretic  Sun, Feb 19, 2012 8:17:42am

I giggle every time somebody defends ludicrously large management salaries. It's not surprising though.

Our society suffers from two major delusions in this regard. The first is that people in management positions are capitalists, and that the higher they sit on the hierarchy the more capitalistic they are. This isn't true. These people are employees, nothing more. They don't own the company. They run little or no risk managing it. Even things like stock options are merely an illusion of ownership as such options are designed to make sure the manager they are assigned to never actually loses money.

The other delusion is that capitalist are wealthy. Which is another untruth. Most capitalists lose their shirts. At best they make a decent living. Saying being a capitalist is a path to wealth is like saying playing football is a path to the NFL. In real life, most of us end up sitting in the stands watching the truly skilled play.

Finally, many of those alleged CEOs are removed from reality by yet another layer. They are in finance rather than industry. We like to think that the stock market and all the other investment tools are capitalism, but in actuality it is speculation, gambling. A person who owns stocks doesn't really buy a piece of a company. They buy betting chits where they get a return on whether they bet intelligently or luckily.

Worse, most of the gamblers are not individuals anymore. They are institutions, abstract entities. Any money made through these entities gambling stays inside these entities and is bet yet again. This system may grow, but little of the money in this system ends up in the economy at large.

Now this system of finance resembles a tumour. Like a tumour it is spreading out of control, sucking up the body's resources and poisoning it as well.

Okay, done ranting. Have a good day.

9 nines09  Sun, Feb 19, 2012 8:18:50am

You can only hope that the luster doesn't wear off of Rick and he gets the nomination.

10 philosophus invidius  Sun, Feb 19, 2012 9:53:13am
people rise to different levels of success based on what they contribute to society

So I guess the creators of "Jersey Shore" and the Megaupload guy must have really contributed a lot to society.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Recent PagesClick to refresh
Especially for the Indy Minded, Welcome to the Election From Hell The following author really captured what I sense, what I feel, what makes me despair of this election this year. My dear friends online, I confess I am far too independent for the comfort of many around me. This ...
Great White Snark
14 hours, 26 minutes ago
Views: 375 • Comments: 2 • Rating: 2
Tweets: 2 • Share to Facebook
Shares: 1
Likes: 2
Comments: 4
: 7
GOP Budget Bill Would Kill Net Neutrality and FCC’s Set-Top Box Plan The proposal is the latest of many attempts to gut the FCC's authority, though it's unusual in that it takes aim at two of FCC Chairman Tom Wheeler's signature projects while also cutting the agency's budget. The plan is ...
Thanos
21 hours, 47 minutes ago
Views: 416 • Comments: 0 • Rating: 0
Tweets: 4 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Landmark Ruling Halts Unconstitutional Taxpayer Funding of NJ Yeshiva and Seminary In a groundbreaking victory against government sponsorship of religion, a New Jersey appellate court ruled that the administration of Gov. Chris Christie violated the New Jersey Constitution when it awarded more than $11 million to two religious institutions of ...
Thanos
1 day ago
Views: 356 • Comments: 0 • Rating: 1
Tweets: 3 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Dashcam Catches Moment Riverside Officers Save Man From Deadly Leap Into Missouri River K-9 Officer Andrew Marr with the Riverside Police Department comforts a man that he and officers Eric Strong and Jeremy McKown had just prevented from jumping from the Interstate 635 bridge into the Missouri River on Monday night. Courtesy ...
Thanos
1 day ago
Views: 429 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Obama: World Leaders Are ‘Rattled’ by Trump — and for Good Reason President Obama said Thursday that world leaders are “rattled” by presumptive Republican presidential nominee Donald Trump and that he doesn’t blame them for being worried about the real estate mogul's political rise. “They are not sure how seriously to ...
Thanos
1 day, 1 hour ago
Views: 528 • Comments: 0 • Rating: 2
Tweets: 14 • Share to Facebook
Shares: 1
Likes: 0
Comments: 0
: 1
OpenBike Charges Phones, Lights, and Connects Your Bike to the Cloud OpenBike cofounder Randall Jacobs says that lights, phone mounts, cloud communications, and more, should be standard on bicycles today, not a hodgepodge of add-on equipment. His company, OpenBike, launched at the Highway 1 hardware accelerator earlier this month, has ...
Thanos
1 day ago
Views: 406 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
That Study Critiquing NASA’s ‘Bad Science’ on Asteroids Is Pretty Bad Science On Monday, the New York Times published a piece on Nathan P. Myhrvold, former chief technologist of Microsoft. Myhrvold, who has built a reputation for himself as something of a patent troll, says he's shown that NASA's research on ...
Thanos
1 day, 4 hours ago
Views: 587 • Comments: 0 • Rating: 2
Tweets: 25 • Share to Facebook
Shares: 1
Likes: 1
Comments: 0
: 2
Paradox’s Removal of Stellaris’ “Whites Only” Mod Draws Controversy [Updated] Over on Reddit, though, Paradox Community Manager Paradoxal_Bear said that the issue wasn't the in-game effect of the mod itself but "several disturbing elements in its public description which we do not want to have clearly displayed on our ...
Thanos
1 day, 4 hours ago
Views: 538 • Comments: 1 • Rating: 4
Tweets: 1 • Share to Facebook
Shares: 1
Likes: 0
Comments: 0
: 1
Obama to Become First Sitting President to Visit Hiroshima President Obama wraps up a week-long Asia trip on Friday with a historic visit to Hiroshima, Japan. Obama will be the first sitting president to visit the city synonymous with the deadly nuclear age that began there more than ...
Thanos
1 day, 5 hours ago
Views: 538 • Comments: 0 • Rating: 3
Tweets: 8 • Share to Facebook
Shares: 1
Likes: 1
Comments: 0
: 2
Did the IG Just Hand Trump a Few Percentage Points?Just in from the road this morning...Did the IG just hand Trump a few percentage points? Report raises questions about Hillary's email defenseClinton's claim that email with other State Department accounts was archived may not hold up.By Josh Gerstein03/11/15 04:50 ...
Great White Snark
1 day, 21 hours ago
Views: 388 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0