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1 Destro  Wed, Dec 12, 2012 8:28:30am
DIMON: I don’t like the fact that we have an increase in inequality in the United States

Says one of the men responsible for said inequality. Maybe a communist threat would scare these richers into trickling down their wealth to the rest of us - if for no other reason than to spare their lives. Seems the rich behaved and we had good employment numbers when there was a lefty threat to their wealth.

2 SidewaysQuark  Wed, Dec 12, 2012 9:22:28am

Personally, I don't think the problem is that they're being paid so much per se, as it is an economic system in which their 'market value' is so high in the first place, as compared to masterminds in other (much more) technically demanding fields.

3 HappyWarrior  Wed, Dec 12, 2012 9:59:19am

Idiot wouldn't know Communist Cuba if it bit him on the ass.

4 Shiplord Kirel  Wed, Dec 12, 2012 10:25:40am

RELEASE THE BOLSHEVIKS!

5 Vicious Michigan Union Thug  Wed, Dec 12, 2012 10:51:13am

If they don't think they are being paid enough, they can go work somewhere else.

6 dragonfire1981  Wed, Dec 12, 2012 10:57:15am

I don't mind people being paid well for what they do.

Having said that, you can't tell me a system that seen average worker wages stagnated for 20+ years but executive pay increase EXPONENTIALLY is fair.

The problem to me is, the source of these gigantic pay increases. They do it by busting unions, cutting pensions, eliminating health insurance, demanding more work from their employees for the same pay, outsourcing jobs and other activities that damage the U.S. economy as well as the livelihood of its people.

Surely a system can exist where those at the top are paid well but those lower down on the ladder can earn a decent living as well. Is this really such a foreign concept?

7 Romantic Heretic  Wed, Dec 12, 2012 12:36:53pm

The biggest problem is that of perception. These jackasses believe they are capitalists, and that all capitalists are wealthy.

But they are not capitalists. They are employees, executive employees but employees nonetheless.

And many capitalists become dirt poor. They create a product or service that has no market, or they make an inferior product, or any of a thousand ways a business can fail.

But as long as the delusion persists income inequality is only going to get worse.

Also, if America resembles Cuba in anyway it resembles Batista's Cuba, no Castro's.

8 EPR-radar  Wed, Dec 12, 2012 12:57:31pm

re: #1 Destro

Says one of the men responsible for said inequality. Maybe a communist threat would scare these richers into trickling down their wealth to the rest of us - if for no other reason than to spare their lives. Seems the rich behaved and we had good employment numbers when there was a lefty threat to their wealth.

I firmly believe that the fall of the Soviet Union is a large driver of present trends --- why not make all of the Communist propaganda about capitalism true, if there is nobody around to exploit it?

The model for executive compensation in the US today is skimming, embezzlement, or theft --- take your pick. It is delusional to regard this kind of compensation as the justified output of a "free market" process.

What is free market about being the CEO uber alles, with a compensation committee full of hand-picked cronies?

9 Destro  Wed, Dec 12, 2012 2:12:55pm

re: #8 EPR-radar

Capitalism can be said to have outlasted communism by just under 20 years.

The USSR collapsed in 1991.

The Great Capitalist Recession started in 2008 and were are still in it.

17 years separates these 2 collapses.


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 Frank says:

This is a really nice place. Don't f*ck it up. -- Chrysler Hall, Norfolk, Virginia in the Spring of 1984. A very genteel place to see fine compositions performed live. Usually the opera folks hang out there.