In DeLand we have a curby and a recycling curby. Both can be picked up by the robot arm, but not all trucks are equipped for it. So it’s a mix whether it’s a two person or a one person truck.
And there is also a history of wealth gaps negatively impacting a society with at least social unrest. Which is bad for everyone in the society. And our disparity is at some of its worst levels. But Imo, it’s extremely difficult to raise the poor by just directly targeting the rich. Stanford historian uncovers a grim correlation between violence and inequality over the millennia | Stanford News
Then why do folks complain about administrators' salaries in education? Just let them take what they want, right?
If the government confiscated the entire estate whenever anyone dies, this would kill innovation and bring the already declining birth rate much lower. Becoming rich and leaving a large sum to your offspring is kind of the whole point. Most wealthy business owners wouldn’t put in near the amount of time, energy and thought knowing that the government is simply going to confiscate all their hard work as soon as they perish. The same holds true of wealthy parents who invest in their children’s education. If that wasn’t doable, it kills a major motivational factor in working diligently to become wealthy in the first place, which has negative consequences for society as a whole. In other words, complaining about wealthy people tending to breed more wealthy people is like complaining about the sunshine. Our country would not have survived any other way or at best would be an afterthought 2nd world type country.
Sports figures have seen their pay increase exponentially in that same time frame. Are they putting in more effort than everyone else? In some cases, maybe, but for the most part escalating sports figure contracts are a byproduct of players setting their fair market value. The same holds true of CEOs. If a CEO can get the board of directors to pay him or her $20,000,000 a year, that is because they’ve established their market value at that level. If the board of directors doesn’t agree to pay him/her $20,000,000, another company will swoop in and hire that CEO out from under them, assuming his/her fair market value is $20 million or more. If the CEO is not worth $20 million a year on the open market, no board of directors is going to agree to pay said CEO $20,000,000.
The wealth gap in this case isn’t predetermined. The free market will regulate said “wealth gap” as needed. It’s not as if CEOs can wave a magic wand and make shareholders pay him/her whatever. The gap only exists, because CEOs have been able to better articulate their market value. Shrewd CEOs are difficult to find.
Not to mention if the government engages in mass wealth confiscation from higher earners, it will kill any drive and motivation said higher earners had to do what they do. Paying doctors $50,000 a year in order to reduce healthcare costs is a really bad idea. No one is going to gut through medical school to make $50,000 a year. So taking a bunch of money from the wealthy to pay off debt the government ran up is a really, really bad plan.
It’s the only way. Even if we could pay down the entire debt with massive wealth confiscation, what happens when that wealth no longer exists because you’ve confiscated it and nobody has any incentive to strive anymore? And you’ve not changed spending habits on top of that? Reduced spending is the only way to fiscal responsibility. Period.
If we could wave a magic wand and solve all crime at once, wouldn’t that be beautiful? Of course, it would. Is that realistic whatsoever? No, it’s not. We could hire 250,000 more police officers in this country than we have now and crime would still be very common. The IRS adding 80,000 agents might help some, but once you factor in the additional cost to fund the additional agents salaries, it’s doubtful the IRS will break even.
If the market has determined your value is $40 million a year, why would you take significantly less? It’s so simple, but it’s an easy scapegoat for them, because they have to do something with all that envy.
These drive-by smarmy posts with zero substance or discussion of the issue are perfectly illustrative of why we are where we are with American political discourse today.
for the record I don’t care what Megan rapinoe, or CEO of XYZ, or any other actor or sports star makes as long as I’m not being compelled through force to buy their product. If someone or some entity wants to pay the CEO 50,000,000 That’s up to them. If Brittany griner gets offered 50,000,000 then good for her and no i don’t feel entitled to a penny of it
That's easy, movie stars and athletes are still laborers at the mercy of their employers even when they can command fantastic pay. CEOs and management aren't, they are the ones that fire you. Its the same reason there are unions for actors and athletes but not CEOs and venture capitalists.
