ceo salaries

Home » ceo salaries

Sunday Afternoon News Roundup

Sunday Afternoon News Roundup

The rich are simply getting richer. When you look at data from 1979 through 2007, the vast majority of the income gains are reaped by the top. Consider the combination of tax cuts, which go mostly to the rich, and the weakness of labor unions, which used to be able to demand higher wages for workers. This would conversely lower CEO salaries. Oh, I should mention for the social Darwinists that there is no evidence that CEOs are working harder and putting in longer hours to justify their larger salaries.

Former Michigan Assistant Attorney General is ordered by a Detroit federal court to pay $4.5 million to an openly gay student whom he stalked and defamed.

The Republicans have opened a new attack by questioning Vice President Joe Biden’s mental capacity. The attack was levied by none other than former New York Mayor and former presidential candidate Rudy Giuliani. In my opinion, there’s nothing wrong with Joe Biden’s mental capacity. He has shown over his last 40 years in politics that he has the capacity to put his foot in his mouth and chew vigorously.

Representative Todd Akin stated that women who are “legitimately” raped don’t get pregnant. This may be the stupidest thing that I’ve read in the last three or four years. Representative Akin believes that the female body has some defense mechanism that doesn’t allow them to get pregnant when they don’t want to be pregnant. Now, I have taken more than my share of biology classes and it may simply be that I haven’t taken a biology class in the last two or three decades, but I don’t remember women having such a mechanism.

Remember when Microsoft was the coolest? Remember when they were the baddest on Wall Street? That was a long time ago. Over the last decade, they have failed spectacularly.

By |2013-11-03T18:13:05-04:00August 19th, 2012|Economy, Elections|Comments Off on Sunday Afternoon News Roundup

A few questions

I’m trying to decide what to write for the Urban News this month. One of the biggest problems that I have is that I’m always turning in my articles as the new job numbers come out. So, I tend to want to talk about jobs. Jobs are important. They are probably the most important thing that is facing America right now. I could talk about how the GOP has blocked programs which are designed to help low- and middle-class families get jobs and get ahead.

I guess I could talk about Paul Ryan’s budget and his plan. He basically wants to give money to the rich and simply cut government down to size. If we enacted Ryan’s plan, the rich would take home about $265,000, plus the moolah from the Bush tax cuts, which would be extended. It cuts Medicaid, job grants, Pell grants and other programs which are designed to help the poor and middle class then you have most of the savings from Paul Ryan’s plan.

I could chat about CEO salaries. The average CEO pay rose more than 700% from 1978 until 2011. The average work pay has only increased by 5.7% during the same time period.

I don’t know. What do you think that I should write about??

By |2012-05-08T00:44:08-04:00May 7th, 2012|Domestic Issues, Economy|3 Comments

Addressing the economic issue, again

joe the plumberOne of my commenters suggested that I was going after Joe the Plumber. Well, he actually said, “this is so typical how the weak intellectually deficient left wing liberals address an issue.” This brings up two issues — first, I did not say that “Joe the Plumber” is a bad guy or was a terrorist or was morally deficient. Instead, I pointed out the facts as they stand. “Joe the Plumber” may not be a plumber nor a contractor since he is not licensed to do either in Ohio. Secondly, I’ve addressed the issues in several posts (here, here). I addressed these issues long before John McCain made Joe the Plumber a household name.

Trickle-down economics doesn’t work and has never worked. Republicans have been unable to create jobs in comparison with the success of the Democrats. Since Truman, Democrats and their policies have consistently been able to create more jobs than Republicans. This isn’t my opinion. This is fact.

Creating incentives to get more money into the hands of the middle class stimulates the economy and causes small business to grow. Again, this isn’t my opinion. This is fact.

John McCain and the rest the Republican Party have proposed nothing new for our country’s economic woes. Their answer to every crisis is tax cuts for the rich. That is their answer. We’ve learned over the past 27 years that what happens is that the rich get richer and the rest of us are left behind.

Finally, I would like to address the notion that empowering the middle class is something akin to Marxism, socialism or whatever other derogatory term the right wing is using today. The middle class is the fiber of our country. As such, they are the engine that makes industry great. Under Franklin Roosevelt we saw increased taxes on the rich and a government that supported unions. Yes, I mentioned unions. Unions work to increase wages for the middle class. Unions are sometimes the only leverage that the middle class has against management. Unions also work to suppress inflated CEO salaries. So in the “40s and “50s, as a result of these forces, there was a compression of our society. The rich were a little less rich but the benefits of these policies made the poor a little less poor. Anything that benefits the middle class directly is something that I will support because it is good for America and good for our economy.

By |2008-10-17T21:54:26-04:00October 17th, 2008|Blogging issues, Economy|Comments Off on Addressing the economic issue, again
Go to Top