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 Tweet

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.

Donate with
PayPal
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
Expert’s Advice: Don’t Engage With the Alt-Right on Campus The event, organized by the campus’s Division of Equity and Inclusion, comes ahead of a series of student-sponsored events next Sunday through Wednesday that are expected to bring right-wing speakers to campus for noon and evening rallies, although the ...
Thanos
1 hour, 6 minutes ago
Views: 134 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Mass Protest in Philippines Over Duterte ‘Dictatorship’ Opponents criticised Mr Duterte's open threat to reinstate martial law and his brutal war on drugs that has killed thousands. Thousands also attended rival pro-Duterte rallies. Mr Duterte's own son Paolo is facing allegations of drug trafficking. The president ...
Thanos
10 hours, 49 minutes ago
Views: 225 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Shares: 0
Comments: 0
: 0
the Killers - Run for CoverArtists: The KillersDirected By: Tarik MikouCo-Directed By: Eric MorinWritten By: Flowers, Stoermer, Vannucci, Price, Cameron, Lee, MarleyProducers: Jacknife Lee, Daniel Jean, Olivier Picard, David Pierrat(C) 2017 Island Records, a division of UMG Recordings, Inc. vevo.ly
Thanos
2 days, 9 hours ago
Views: 342 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
(12) LATEST: 7.1 Magnitude Quake Kills 119 as Buildings Crumble in MexicoMexico’s federal government says the death toll in a magnitude 7.1 earthquake has risen to 119.
Thanos
2 days, 9 hours ago
Views: 363 • Comments: 0 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Exploring Child Marriage Around the World The age at which people first marry can have long-lasting implications for their physical, economic and social well-being -- particularly when marriage first happens at a young age. As part of our forthcoming global research on child marriage, we ...
Birth Control Works
2 days, 10 hours ago
Views: 322 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Failing Charter Schools Have a Reincarnation Plan — ProPublica This past June, Florida’s top education agency delivered a failing grade to the Orange Park Performing Arts Academy in suburban Jacksonville for the second year in a row. It designated the charter school for kindergarten through fifth grade as ...
Birth Control Works
2 days, 10 hours ago
Views: 348 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
How Renaissance Painting Smoldered With a Little Known Hallucinogen Bosch provides the most fertile ground for art lovers wanting to believe that hallucinogenic fungi may have a significant place in art history. This is partially because the painter has a special connection to Anthony, depicting the saint over ...
Birth Control Works
3 days, 21 hours ago
Views: 459 • Comments: 1 • Rating: 2
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Hillary Clinton’s ‘What Happened’ Says Something Revealing About America Later, Clinton brings a similar wistfulness to her account of the second debate with Trump, at which he stalked her on stage, seeking to intimidate her. “Do you stay calm,” she asks, referring to her options, “keep smiling and ...
Birth Control Works
3 days, 22 hours ago
Views: 411 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Honey Glazed Apple Strudel : Recipe INGREDIENTS1 package of frozen croissant dough (hey I'm in a wheelchair!)1/2 c. breadcrumbs1/2 c. (1/2 stick) butter or margarine8 Apples (4 Granny Smith & 4 Honeycrisp)1/2 c. dried Montmorency cherries (optional)2 Tbsp rum or kirschwasser (optional)1/2 c. sugar1/4 c. ...
The Vicious Babushka
4 days ago
Views: 510 • Comments: 1 • Rating: 2
Tweets: 4 • Share to Facebook
Shares: 0
Comments: 0
: 0
Study: 4,500 Deaths a Year From High Europe Diesel Emissions Remember that time Europe encouraged diesel vehicles because they were thought to be more environmentally friendly? Between black carbon climate effects and cancer deaths that claim turns out to be specious. BERLIN (AP) — Researchers say there have been ...
Thanos
4 days ago
Views: 351 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0