Pages

10 comments

Jump to bottom
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.

^ back to top ^

TwitterFacebook

Turn off all ads for a full year by subscribing!
For about 33 cents a day (per month) or 22 cents a day (per year), our subscription option turns off all advertisements at LGF!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published unless you request otherwise.
Tech Note:
Using the Contact Form
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: 2014-03-07 2:19 pm PST

LGF User's Guide
Recent Pages
I Stand With Big Sodomy!
Details Of New Mexico Shooting Of Homeless Man By Police
ALBUQUERQUE, N.M. (AP) -- An Albuquerque police officer's comments before a March fatal shooting that sparked a protest and FBI investigation were "completely unacceptable," the city's police chief said Tuesday.In an interview with The Associated Press, Chief Gorden Eden ...

16 minutes ago
Views: 12 • Comments: 0
Tweets: 0 • Rating: 0
CriticalDragon1177
Skepchicks - That’s Not Atheism, It’s Just Racism
An excellent commentary by Olivia on religion, Anti Muslim bigotry, racism, sexism, and the hypocritical New atheists. This is very well written, and I recommend you read it. Atheism does not have a stellar history when it comes to Islamophobia, ...

2 hours, 1 minute ago
Views: 126 • Comments: 2
Tweets: 3 • Rating: 3
Lumberhead
Troopers: Bombs Found During Search for Eric Frein
Authorities announced Tuesday afternoon they have found explosives in the woods they believe belong to Eric Frein. At a 3 p.m. news conference, troopers revealed they've discovered two pipe bombs in the woods within the past 24 hours. State ...

3 hours, 11 minutes ago
Views: 62 • Comments: 0
Tweets: 0 • Rating: 0
Randall Gross
Wi-Fi Users Sign Over First-Born Children
The results of a social experiment in London suggest that on-the-go Internet users are not being as careful as they should be when connecting to unfamiliar networks. In order to connect to a rigged Wi-Fi network set up by ...

7 hours, 27 minutes ago
Views: 207 • Comments: 1
Tweets: 44 • Rating: 2
Skip Intro
Supreme Court Grants Ohio’s Request to Shorten Early-Voting Period - LA Times
The Supreme Court ordered a halt Monday to early voting in Ohio that was scheduled to begin this week, clearing the way for the state to close polls on the Sunday before election day, when African American turnout has ...

10 hours, 25 minutes ago
Views: 134 • Comments: 0
Tweets: 13 • Rating: 2
FemNaziBitch
Attn: The Youth Vote: 10 Reasons It Matters Even More Than You Think
The 2014 midterms are on the horizon... FacebookShare Mail Want More?! 10. 21 percent (46 million) of all eligible voters in 2012 were 18-29 years old. By 2020, young voters will boast about 90 million eligible voters. More: Attn: ...

1 day ago
Views: 140 • Comments: 0
Tweets: 1 • Rating: 0
HamSandwich
Activist who urged killing Israelis nominated for top EU award
Alaa Abdel Fattah, 32, an Egyptian blogger and political activist, has been arrested numerous times by Egyptian authorities since the eruption of a popular revolution in the country in early 2011. Abdel Fattah, who boasts 626,000 followers on Twitter ...

1 day, 23 hours ago
Views: 218 • Comments: 0
Tweets: 0 • Rating: 1
Rightwingconspirator
Visiting Mt Wilson And It’s Dramatic Weather
All taken just yesterday. Canon 7D and a Tamron lens. The clouds ripping through were just amazing. And some stunning Fall color in unexpected places

2 days, 2 hours ago
Views: 224 • Comments: 5
Tweets: 2 • Rating: 6
Souliren
Dropkick Murphys - Celtic punk from the USA?
I never heard of these guys until a half hour ago. Apparently they are famous. A Celtic punk band from Massachusetts? There is art here. The Rose Tattoo I'm shipping up to Boston.

4 days, 2 hours ago
Views: 461 • Comments: 17
Tweets: 0 • Rating: 6
darthstar
Darth offered cup of virtual coffee after snark
Yep. There it is. littlegreenfootballs.com

6 days, 14 hours ago
Views: 575 • Comments: 2
Tweets: 2 • Rating: 6
 Frank says:

You drank beer, you played golf, you watched football - WE EVOLVED!