you could not be more wrong if you tried. When you say it takes no effort to accumulate interest, you are ignoring the effort it took to accumulate the wealth that garners the interest. You are also wrong about my perception of the labor force, as you call it. Some of the smartest people I know use their hands for a living, and or did not attend higher education. A college degree is absolutely meaningless for measuring intelligence. You may learn a valuable skill which can translate into a great career, such as engineering, but I would hazard to say that 70% of college graduates wasted their money getting their degree. This is because they don’t use their degree in their job. It would’ve been much more economical for them to get on the job training. Conversely, some of the dumbest people I know have advanced college degrees. I wouldn’t trust them to babysit my children. while I believe, most college degrees are worthless, I also recognize that most employers are demanding college degrees from employees, making such degrees necessary. That is where we, as a community should focus our attention in dealing with the student loan debt. We need to change the perception that certain careers require a four year degree. Unfortunately, we are far away from getting to that point. 60% or more of high school graduates have no business going to college to pursue a higher degree. All that is going to do is delayed them getting into the workforce, and for most create an incredible amount of debt. The average 4- year cost of higher education is somewhere around $100,000.00. Instead of wasting money on a useless college degree, you could invest it for four years in the S&P 500 and upon “graduation” have about $150,000 in the bank. Meanwhile, during those four years after high school graduation, instead of spending $100,000, you were actually working. Even at a minimum wage job, you were likely making at least $25,000 a year. Over four years that’s an additional hundred thousand dollars of positive financial growth. In total, after four years you have $250,000 that you have “earned”. Granted, you will have spent a large portion of your earnings, buying food, shelter, etc. But the point is, the cost of college is a lot more than what you paid in tuition, it’s the opportunity loss as well. Instead of a $100k degree and for years out of the workforce, the majority of high school graduate would be much better served learning a skill, such as aviation mechanics or welding, where there is a huge need for qualified people, and the pay is much better than one would get as a college graduate. As a country, we need to move away from the stigma associated with people who work with their hands. They are the ones that actually keep this country running. Edit: don’t blame me for all the commas, because apparently Siri is not good with the grammar. I have no idea why Siri always does that.
Usually those people who bitch about the pay of CEOs are people who aren’t qualified to be a CEO. Successful CEOs weren’t handed their job because they have a big dick, they earned their job because they bring tremendous value to their company. If they don’t bring value to their company, they get fired.
^^ here is your example. Faced with the harsh reality of life, this dude’s only response is an attempt at an ad hominem attack, which is both factually incorrect and not even offensive. Probably as a result of little effort given in primary school on learning….or not being hugged.
It was more of a response to tired and convetional "wisdom" everyone has heard thousands of times from some of the most annoying people around. Get some fresh material!
If you actually paid attention in school, you would know that neither one of those qualifications will get you a position as the chief executive officer in any successful company. Are you going to be OK? There’s no reason to be angry and jealous at your classmates that left you behind. They put in the time and effort to be successful. They earned it. {hugs}
There is no taxing our way out of this mess. You can confiscate every dime from every billionaire in this country and it will only be enough to run the govt for 8 months. Then what? Confiscate all the money from multimillionaires? Soon there will be no one left to take their money. 5.3 million millionaires with a net worth of at least $1 million 9,630 centi-millionaires with a net worth of at least $100 million 770 billionaires with a net worth of at least $1 billion That is out of 330 million Americans. The government needs to cut spending, period.
agree 100%. Cut spending… particularly in the bloat of government. We need to cut the size of government in half at a minimum.
So what does a CEO do, please be specific and avoid vague things "like add tremendous value." ITs pretty obvious one of the requirements isnt knowing anything about the business you are put in charge of, because that happens all the time.
Run the company. Do you have any other basic questions I can assist you with? try this next time: Let Me Google That
The wealth gap has been around for thousands of years. Yet we have progressed the last 100 years faster than ever in human history. Far from ideal but there will never be a system without a gap. There will always be hyper-successful people.
For sure. But the wealth gap should be decreasing with technological advancements and progress. That's what economic history generally dictates. Progress is a growing middle class. We aren't getting that.
Why don’t we start with folks paying what they owe according to current tax law? Tax cheats cost the U.S. $1 trillion per year, I.R.S. chief says. (Published 2021)
I think CEO pay is way too high but lowering it to something more reasonable would only be window dressing and have little impact on the workers. Example: CEO at Disney (our favorite woke company makes about 30 million a year. Let's cut his pay to $500K / year and give the rest to the employees. There are about 200,000 employees for Disney. That 29.5 million would give each of them an additional $145.32 extra PER YEAR. Big whoopdy shit. Point is that CEO pay is obscene but only for optics. Most large companies CEO pay would mean little to the workers if we gave it to them other than they would feel better that the CEO is living closer to how they are living.
I misunderstood none of it. I told you specifically what a CEO does. If you want the minutiae, I provided you a link. Let me know if I can assist you in you education with anything else. I am also a really good cook.
what the F did you just say?? Have you been living with your head in the sand for the last 20 years? All the new wealth accumulation in this country is a direct result of the people who invented the technological advancements. Elon Musk, that Facebook douche, the bald, playboy, book salesman. This list goes on.
What about a guy like Elon Musk. He is worth 200 or 300 billion dollars by revolutionizes established industries. He makes his wealth by creating equity. Bezo’s did it in a similar way. I am not fond of musk’s politics but that is a sideshow to what he has accomplished.
