Why We Should Stop Subsidizing CEO Pay

[taxslave]

At least in the U.S., capital gains and dividends are reported on income taxes.

They are here too but at a lower rate. The theory behind it is sound as it is designed to encourage risk taking but like most of our tax codes it has been bastardized.
Those on the far left with a poor grasp of economics like to cherry pick the facts they use. Apparently the shareholders(owners) do not have a problem with executive pay or it wouldn't happen.
The real problem today is with the enormous pay and perks of government employees as we all have to pay for that wether we use their services or not.

 

[captain morgan]

At least in the U.S., capital gains and dividends are reported on income taxes.

In Canada too... Like taxslave pointed out earlier in the thread, any pay like a salary is taxed as income (higher rate), dividend income at a lower rate (same as capital gains).

 

[Highball]

Good argument. Look at the Arnie Paulson case. He helped those who engineered the 2008 US Fiscal Collapse and then received a taxpayer paid reward for screwing them. All skillfully engineered by the Bush's, Cheney, Rumsfeld and others. He got a $20 mil bonus for his performance in that case.

 

[taxslave]

Good argument. Look at the Arnie Paulson case. He helped those who engineered the 2008 US Fiscal Collapse and then received a taxpayer paid reward for screwing them. All skillfully engineered by the Bush's, Cheney, Rumsfeld and others. He got a $20 mil bonus for his performance in that case.

How much tax did he pay on that bonus?

 

[captain morgan]

Good argument. Look at the Arnie Paulson case. He helped those who engineered the 2008 US Fiscal Collapse and then received a taxpayer paid reward for screwing them. All skillfully engineered by the Bush's, Cheney, Rumsfeld and others. He got a $20 mil bonus for his performance in that case.

All you need to prove his specific role in the deliberate undermining of the US economy.

Get back to me when you can do that, m'kay?

 

[taxslave]

All you need to prove his specific role in the deliberate undermining of the US economy.

Get back to me when you can do that, m'kay?

First you would have to convince me it was deliberate. I think it was more the snowball effect of focusing entirely on short term gain without any thought to long term consequences.

 

[captain morgan]

Making unsubstantiated claims is far easier

 

[Tecumsehsbones]

They are here too but at a lower rate. The theory behind it is sound as it is designed to encourage risk taking but like most of our tax codes it has been bastardized.
Those on the far left with a poor grasp of economics like to cherry pick the facts they use. Apparently the shareholders(owners) do not have a problem with executive pay or it wouldn't happen.
The real problem today is with the enormous pay and perks of government employees as we all have to pay for that wether we use their services or not.

Those on the far right are no different. That a middle-class dollar circulating in the economy has a higher multiplier than an upper-class dollar invested is amply proved. Yet the righties have no trouble ignoring this.

Can't speak to the government thing. Leastways not in Canada.

 

[captain morgan]

Those on the far right are no different. That a middle-class dollar circulating in the economy has a higher multiplier than an upper-class dollar invested is amply proved. Yet the righties have no trouble ignoring this.

Can't speak to the government thing. Leastways not in Canada.

The $64k question is:

What is the biggest, fastest and most direct source that fuels the middle class incomes?

 

[Tecumsehsbones]

The $64k question is:

What is the biggest, fastest and most direct source that fuels the middle class incomes?

Other middle class incomes.

That's why countries with large, prosperous middle classes are much more powerful economically than countries with 2% of their population incredibly wealthy, tiny middle classes, and huge masses of poor.

 

[captain morgan]

Other middle class incomes.

That's why countries with large, prosperous middle classes are much more powerful economically than countries with 2% of their population incredibly wealthy, tiny middle classes, and huge masses of poor.

It still has to originate somewhere and moreover, have a steady flow of new capital to keep the engine chugging along. Without these aforementioned inputs, the economic system empties much like the water swirling down a drain.

 

[Tecumsehsbones]

It still has to originate somewhere and moreover, have a steady flow of new capital to keep the engine chugging along. Without these aforementioned inputs, the economic system empties much like the water swirling down a drain.

Very true. I'm simply saying that middle-class incomes are a much more powerful economic force than the investment capital of the rich. Yet for some reason, they don't receive preferential tax treatment.

 

[captain morgan]

Very true. I'm simply saying that middle-class incomes are a much more powerful economic force than the investment capital of the rich.

You're dead right, I do not disagree in any way.

Yet for some reason, they don't receive preferential tax treatment.

I too am baffled that gvt continually uses this demographic as an ATM

 

[Nuggler]

They are here too but at a lower rate. The theory behind it is sound as it is designed to encourage risk taking but like most of our tax codes it has been bastardized.
Those on the far left with a poor grasp of economics like to cherry pick the facts they use. Apparently the shareholders(owners) do not have a problem with executive pay or it wouldn't happen.
The real problem today is with the enormous pay and perks of government employees as we all have to pay for that wether we use their services or not.

True, Tax, but the Post Office is goin down. Happy Happy ?

Should start a thread on that

mehhhhhhhhhhhhhhhhhh. nah;-)

 

[Tecumsehsbones]

You're dead right, I do not disagree in any way.




I too am baffled that gvt continually uses this demographic as an ATM

Large, unorganized, and apathetic (ign'ant too). Sometimes known as "chumps."

Barnum's Law and Fields's Corollary apply.

 

[taxslave]

True, Tax, but the Post Office is goin down. Happy Happy ?

Should start a thread on that

mehhhhhhhhhhhhhhhhhh. nah;-)

The post office at least more or less funds itself. Or it did. To stay a viable enterprise in these changing times they too will have to change their business model.With or without union cooperation.

 

[gopher]

welfare for the rich is what is fücking up the USA and the world

 

[Walter]

welfare for the rich is what is fücking up the USA and the world

I would say that the majority of the world is far better off today than they were before WWII but some won't be happy till we are all toiling in the rice fields.

 

[taxslave]

I would say that the majority of the world is far better off today than they were before WWII but some won't be happy till we are all toiling in the rice fields.

For some reason many lefties want everyone to be equally poor instead of equally rich. Never could figure that one out.

 

[gopher]

For some reason many lefties want everyone to be equally poor instead of equally rich. Never could figure that one out.

For some reason many delusional right wingiedingies feel it is everybody's obligation to give all their wealth to the rich. When the nation goes into wars which requires taxation to pay for them, the rich get off without paying for the wars that profit them while we are all stuck with the bill.

And remember - it was I who said we should NOT have an income tax as these exist to finance the war machines. Take all profits out of wars by eliminating the income tax. Click on search if you don't believe me.