true story...
i talked to a customer whom i consider to be intelligent and informed today about our economic woes. he is middle aged and college educated.
he holds the belief that govt SHOULD tax millionaires(and billionaires) up to 90% of their income to "help" the rest of us. and he denied that it was a socialist view! i explained that it is not for govt to decide, besides they would just increase needless spending and waste.
he said higher education should NOT equate to higher pay. i replied that altho many CEOs and such are overpaid, they do deserve more compensation than the rest of us.
here's the kicker...
i suggested that CEOs should have a relatively low base pay(arbitrarily sub $million) w/ bonus and profit sharing based on performance. furthermore, profit sharing should be distributed evenly among ALL employees of a given company. so, CEOs and above average employees would still make more than the rest, but profits would give satisfaction and extra compensation for everyone.
he said, it's not right to give the profits to lower level employees while the CEO grew the company. so, the blue collar guys and gals did nothing to produce increases? he explained that the CEO and upper management deserve the spoils.
so, it's okay for govt to mandate redistribution of wealth(profits), but not individual companies? we are in trouble if this is what the thinking of the majority(non-elite earners) is!
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