Comments by "whyamimrpink78" (@whyamimrpink78) on "Bernie's Snoozefest Tax Returns Released, Nobody Cares" video.
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@noel7777noel , I want everyone to pay taxes. Doesn't matter if you are rich of poor.
The CEO to employee pay ratio is a shallow argument to make. To start, CEOs are paid completely differently than employees.
https://hbr.org/2017/02/why-we-need-to-stop-obsessing-over-ceo-pay-ratios
You also have to consider other factors such as increased productivity due to the CEO investing in technology and new techniques to make the company more productive. You also have to consider the number of employees hired. I did the math one time and in the 80s the CEO of Walmart was paid around $20 per employee, now he is paid around $10 per employee. Consider a CEO that hires 100 people and earns $1, 000,000. Now say 10 years later they hire 200 people and earn $1,500,000. Yes, they say their salary increase by 50% but they also hired 100% more workers.
Also consider that cutting CEO pay will not increase worker pay by a significant amount. For example, if you were to take all the money of the top 6 executives of Walmart and spread it to the 525,000 lowest paid workers of Walmart those workers will get an extra $47 a year, that's it. So what do you gain by cutting CEO pay? Disney hires 200,000 workers. So why only 25,000 workers?
Capitalism is where there is limited government involvement resulting in free trade.
In the 50s and 60s the US was ahead globally as the rest of the world was rebuilding due to the war. I agree unions were stronger in that time, but what happened was government grew creating crony unionism which resulted in the death of unions. Big government created that problem.
What deregulations?
How have workers seen a decline in standards?
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