Swiss to vote on executive pay limit

[captain morgan]

Of course not, and I can tell you've never spent any actual time there.

Traveled through..
... But, I'm guessing that you are bull sh*tting on any claim that you have experience there - much like the other thread where you got caught in a lie about a radio station.

In any case, it would be funny watching you in a discussion with Warren Buffet, the second richest man in America.

... I'm guessing that Buffet's comments on limitations would leave you very disappointed

Did you know he's only going to give his offspring 1% of his fortune, because he figures even that is so much it would be impossible for his kids to spend it all on more than they could possibly consume?

Sure, whatever.

Devils is in the details O... Buffet's claims that he pays/paid less income tax than his secretary was a ruse.... That claims is likely true, however, he makes most of his cash of dividend income and appreciation of the shares of Berkshire Hathoway... He pays a capital gains tax and takes a very minor salary, so he isn't lying - he just isn't telling the entire story and there are no lack of lemmings and fools that get their panties all in a bunch because of it

That said, he may leave only 1% of his wealth to his kids, but I am guessing that the Trust Fund that he has (likely) organized will be administered by his children that will control the remaining 99% of his assets

 

[BornRuff]

Of course, because making 250 - 500 thousand a year just isn't enough. Slave wages I tell ya.

It isn't a question of what is "enough". It will simply be tough to retain certain people if others can offer them many times that amount.

 

[Omicron]

Traveled through..
... But, I'm guessing that you are bull sh*tting on any claim that you have experience there

Nope... lots of time right on the border with France.

- much like the other thread where you got caught in a lie about a radio station.

That wasn't a lie. It was where if you search for 181.fm, the link returned is not the same as the link you posted, which means by your weird definition of "lying" (something that's become hip among American-fed newspeakers) the search engine was "lying" when it didn't gave me the same result you figured it should.

... I'm guessing that Buffet's comments on limitations would leave you very disappointed

Not at all... how did you get that idea? I mentioned it to point out that even *he* figures there are circumstances where there should be limitations.

 

[captain morgan]

Not at all... how did you get that idea? I mentioned it to point out that even *he* figures there are circumstances where there should be limitations.

Pretty bold statement to make on his behalf.

Got a link on this or am I to believe it based on your 'good word'?

 

[WLDB]

The guy that makes the decisions is worth more than 12 times the value of the guy who cleans his toilet.

Take out the people making the least amount of money and see how long the business lasts. They're all important.

 

[SLM]

Take out the people making the least amount of money and see how long the business lasts. They're all important.

Exactly. I've always regarded my employment as a partnership with my employer. Nobody is doing anybody any favours.

 

[coldstream]

Frankly i think it would be more effective to re-impose a real progressive income tax system, importantly including all capital gains except those on a primary residence and delayed recognition on specified and limited retirement savings. And imposed on all substantial amounts leaving the country.

That would kick those Wall Street parasites right in their back pocket. They now get taxed at a fraction of the rate on their unearned income as for that imposed on working salaries, on amounts now in the 10's and even 100's of millions of dollars.

I'd be quite happy to see that set at 75%, beyond say $1M (or whatever, make it $5M as long as it is progressive and tilted toward the highest incomes). That would solve some problems.. but NOT all those associated with the vast disequilibriums and economic evisceration resulting from Global Free Market Capitalism.

 

[taxslave]

So the simple solution is for execs to get the rest of their pay in dividends.

 

[Sal]

Play time is costly for the rich: Turn the key of a 71-meter-plus yacht and 10 minutes later you will have spent €400 ($540) on fuel, according to research by yachting Web site Superyachts.com . Cruise to Porto Cervo in Sardinia in your 50-meter boat, and a berth in the marina will cost you over €2,500 a day, according to Swiss yacht management company Floating Life.

maybe in my next life

 

[damngrumpy]

If you make the ratio 12 to 1 you can increase it later the point is to set an amount
and make it count as a law. The time has come to curb the out of control nonsense
that has gone on for far too long.

 

[taxslave]

The proper way to go about this is to buy sufficient shares in the companies so you can dictate the pay of the management team.

 

[Walter]

It should be no one's decision but the share holders of the company.

How much is enough?

When the individual getting paid says it's enuf.

1:12 is still too steep, when I started in the work force the ratio was 7:1. Greed is going to bring about the demise of the human race.

Greed is the reason our society advances.

I personally think every job should be evaluated and given a rating index #. This should be done by a panel of a sampling professionals in professions/trades across the entire employment spectrum. Job characteristics should be identified and weighted according to their importance in various jobs. These might include amount of training required, amount of knowledge, inherent dangers, working conditions, responsibility, communication skills, public relation skills, inherent pressure to obtain optimum results (brain surgering) etc. etc. Each region should be assigned an index tied to the minimum cost of living. Then the rating index # can be multiplied by the minimum cost of living.

No incentive to work then, is there?

 

[lone wolf]

It should be no one's decision but the share holders of the company.

Then why bother wading in?

When the individual getting paid says it's enuf.

As if THAT's ever gonna happen

Greed is the reason our society advances.

...and the reason for crime and war and starvation and destitution and politicians

No incentive to work then, is there?

Sure there is: Sump'n to do. Go ahead.... Red it Walleye

 

[JLM]

No incentive to work then, is there?

I respectfully disagree!

 

[damngrumpy]

While the world is at it why not put an end to some fool who can't spell
his name getting millions for saying hey these shoes are great. We are
paying for nonsense and enjoying it. If the celeb owns the brand that is
one thing but if they are a spokesman at the consumers expense.
The top down is not being responsible therefore legislation is required.
Oh I know we don't want legislation. Truth is I am not always in favour
of legislation either. However when we have people making six hundred
times more than the people who actually produce something it is sliding
out of control. Legislation comes primarily out of irresponsible actions.

 

[Serryah]

When the individual getting paid says it's enuf.

You're funny, Walter. As if anyone would say "Woah, wait, I think 50K is fine" if they can get 100K or more.

 

[Walter]

You're funny, Walter. As if anyone would say "Woah, wait, I think 50K is fine" if they can get 100K or more.

Many people give lots of their money away each year because they feel they have enuf.

 

[Sal]

It should be no one's decision but the share holders of the company.

Okay so the owners then. That is actually a reasonable answer for the capitalist driven economy we have in the west. It would appear from the OP that some European countries are trying a different way before they implode. They are attempting to fix the problem before it goes beyond fixing like it did south of the border.

When the individual getting paid says it's enuf

Again I believe this is short sighted for the world's direction today. It no longer works. We have witnessed it on a small scale (personal wealth) and on a large scale (corporate) there is no limit to people's and corporate greed and need to acquire. It just directs more and more wealth into fewer and fewer hands.

Greed is the reason our society advances.

In the short term when the distribution is fairly even that is true. When it is concentrated into the 1 percentile it no longer functions well for the bulk of society and thus it must implode.

No incentive to work then, is there?

Man was not meant to be idle. I actually enjoy my work. If I was not working full time I would be doing volunteer work. I live in a building with many seniors they don't have to work yet they are not lazy nor idle. Many actually have little part time jobs. Sitting and sucking off the teat of society is only a small percentage of people.

Many people give lots of their money away each year because they feel they have enuf.

Many? Meh I would alter that to say people of conscience give their money away each year because either they do have enough or they don't and realize there are many with so much less.

We are going to implode. One can balk against government control. I get that because our governments are cesspools of greed. If you examine our evolutionary nature there has always been strick control on people's lives. We lived in clans. Wise people governed those small clans they kept the greedy mo fo's in check with a club or a gun and ensured the safety of the average person in the clan. Sharing was mandated because when 90% of the clan can't get a fair share in what is produced, the 90% will either die out or kill the other 10%. It's survival. The drive to survive is strong, over powering.

We need to cooperate either because we have evolved to that enlightened level or because we are forced to by a wise governing party. Greed will do itself in...very soon.

 

[captain morgan]

Many people give lots of their money away each year because they feel they have enuf.

Oilpatch services mogul David Werklund makes $25 million donation to University of Calgary | Calgary | News | Calgary Sun

It would appear from the OP that some European countries are trying a different way before they implode. They are attempting to fix the problem before it goes beyond fixing like it did south of the border.

France has instituted a 75% marginal income tax rate on income over 1 million Euros. Those that have the capacity to make that have moved themselves and their business' away from France.

The winner(s) in this case are the new communities that will have that business there along with the employment that comes along with it.. That owner or individual that makes 7 figures will still make that money and spend much of it in that new community.

... So, has the helped France one iota?

 

[Sal]

Oilpatch services mogul David Werklund makes $25 million donation to University of Calgary | Calgary | News | Calgary Sun



France has instituted a 75% marginal income tax rate on income over 1 million Euros. Those that have the capacity to make that have moved themselves and their business' away from France.

The winner(s) in this case are the new communities that will have that business there along with the employment that comes along with it.. That owner or individual that makes 7 figures will still make that money and spend much of it in that new community.

... So, has the helped France one iota?

it will in the long run CM we are going to a dark place... you can't keep concentrating the wealth in fewer and fewer hands being controlled by larger and larger corporate powers...you may know business and economy but I know human nature. That's the problem right there in a nutshell.... those who know business and economy want to remove the human equation....I will tell you right now..business can not squeeze out humanity...and it has...humanity will win...everything will collapse if we don't fix this.