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

Help support Little Green Footballs!

Subscribe now for ad-free access!

Contact Us LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This 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: 2015-08-02 10:58 am PDT

LGF User's Guide RSS Feeds
Recent Pages
BongCrodny
An Open Letter to Donald J. Trump
August 2, 2015 The Honorable Dr. Donald TrumpNew York, New York Dear Dr. Trump: I was going to wait until I had MORE in-depth analysis for your campaign, but sometimes you got to strike when the fire is hot. Let ...

41 minutes ago
Views: 40 • Comments: 0
Tweets: 0 • Rating: 0
Great White Snark
Ballard Light Capture-Goleta Beach After The Spill
A short essay on how the beaches have recovered so far. there is still some oil, mostly tarred up. It sticks to your feet or shoes. The beach area is still beautiful, highly enjoyable. A little cafe on the ...

2 hours, 1 minute ago
Views: 108 • Comments: 0
Tweets: 2 • Rating: 2
Thanos
Police: James Blair Shot Neighbor Linda Ciotto in Face, Ran Her Over With Mower
A man who became agitated about his next-door neighbor mowing her lawn at night shot her and then ran a push mower over her body, authorities said Friday. Newsnet5 reported on Wednesday that Linda Ciotto, 62, was shot in ...

11 hours, 15 minutes ago
Views: 257 • Comments: 1
Tweets: 2 • Rating: 2
Cheechako
Iditarod Champ Dallas Seavey Adds Dog Treadmill to Training Repertoire
Suzanna CaldwellAlaska Dispatch NewsAugust 1, 2015 WILLOW -- Forget the gentle swoosh of sled runners over snow. Iditarod champion Dallas Seavey's summer training offers a stark contrast to his winter routine: more than a dozen dogs yapping manically in a ...

21 hours, 54 minutes ago
Views: 355 • Comments: 1
Tweets: 7 • Rating: 1
I Stand With Planned Parenthood
Ruth Bader Ginsburg’s Abortion Real Talk: ‘Poor Women Don’t Have Choice’
Supreme Court Justice Ruth Bader Ginsburg spent Wednesday night at Duke University Law School, reflecting on the term that just ended and other major decisions during her tenure. As the New York Times reported, she talked about what she ...

1 day, 11 hours ago
Views: 691 • Comments: 0
Tweets: 30 • Rating: 3
Eclectic Cyborg
MS GOP rep campaigns on pro Confederate Flag platform
So this showed up at my house today, it's an election mailer from one Jeffrey Guice who is running for re-election to the Mississippi State Senate. As you can see, it included an interesting detail... So basically he's taking pride ...

3 days, 1 hour ago
Views: 671 • Comments: 2
Tweets: 56 • Rating: 3
EiMitch
Cracked: 5 Sworn Enemies Who Formed Inspiring Friendships
I was catching-up with Cracked articles. I found an obvious click-bait article, "4 Sexual Preferences That Only Recently Became Taboo": cracked.com Knowing that, I read it anyway. From there, I read a depressing article, "5 Ways College Screws Over Poor ...

3 days, 6 hours ago
Views: 495 • Comments: 1
Tweets: 0 • Rating: 2
Skip Intro
Windows 10 is out. Help a guy out, please.
So I downloaded the Win 10 ISO image today, and started the install. The first thing I come across is a screen asking what I want to keep, my apps, data, and program settings, my data and program settings, or ...

4 days, 9 hours ago
Views: 753 • Comments: 6
Tweets: 0 • Rating: 0
Iwouldprefernotto
More Edited PP Videos
NYT -- More Edited PP Videos in the Pipeline The activist behind the videos, David Daleiden, has said he has enough covertly recorded footage for perhaps a dozen videos that he could release, one a week, for the next few ...

6 days, 11 hours ago
Views: 449 • Comments: 0
Tweets: 0 • Rating: 2
Predaka
Swedish Right Plans Gay Pride March Through Muslim Areas Of Stockholm
haaretz.com From the article: Swedish nationalists are planning a gay 'pride' march through Muslim-majority districts in the country's capital, according to media reports and a dedicated Facebook page. The march, called 'Pride Järva,' is scheduled to take place on July ...

1 week ago
Views: 795 • Comments: 14
Tweets: 0 • Rating: 1
 Frank says:

I feel it's better to sing about these things ourselves and perform them with the people who it happened to than to have some journalist one day say 'then in 1971, one time when they were at the mudshark hotel...' But people have problems with things of a glandular nature in connection with things of a musical nature. They say why, music is way up here, and glands are way down there and they can't get 'em together, but then they are hypocritical because they take a band that doesn't sing about such things directly and couches their language a little and does it with a little choreography and say that that's great and that's real rock and roll. I maintain that there's no difference, we're just honest enough to get up and say 'this is this and that's that and here you are and respond to it' and the response is 'why... I'm hip, but of course I am offended'.