11-01-2017, 11:12 PM
(11-01-2017, 12:51 PM)BenSkywalker Wrote:I'm saying cap the CEO salaries to a reasonable level. Right now we're seeing CEOs make hundreds or even thousands of times as much as the average worker makes in the company. Make it relative tied to the net worth of the company. Bigger companies can pay their CEOs more. The way it's working now is absurd. I agree that a good CEO is worth a lot, and there is a lot of merit to what they do, as you are saying. The issue I have with it is that their salaries are way out of control.Quote:Ben you're comparing corporations to people who are buying stocks from brokers on the island of Mann and keeping the money there so that they don't have to pay capital gains tax.
I'm bringing up where the overwhelming majority of off shored money actually is. The personal transactions are rounding errors, the hundred billion dollar companies paying their taxes in corporate friendly countries to avoid paying higher taxes is where the vast majority of off shoring comes from in terms of financial numbers. When you read reports about the trillions of dollars in off shored money- that is from corporations- not individuals. You mentioned these being major social issues- if you are saying that tens of millions in lost revenue is a major social issue, I guess that is your right. Hundreds of billions of dollars, which I consider a much bigger issue, is something very different.
Your actual example is a minuscule rounding error, it is not a significant factor for any major nation.
Quote:As for the CEOs, if their salaries are capped or if they are heavily taxed beyond a certain point, it levels the playing field and your argument becomes largely moot.
No, it absolutely doesn't.
You have stated you think some roid freak who plays games all his life is worth that kind of money- but someone who helps the economy hold onto a billion dollars a years is somehow not.....?
I have a fundamental problem with slavery of any form, so what is your idea to prevent every company from complete collapse when no one will take those jobs? Day trading is a cake walk compared to a CEO, and you can make *WAY* more money then what you are talking about.
As for the offshore money, I have a feeling that the amount involved is a lot higher than you think. You are correct that it pales in comparison to the offshore corporate money, but really, it's not fair at all that these extremely wealthy people are paying *nothing* in terms of income tax on all that money.
If you are worried about offshore corporate money, perhaps you should lobby your government to lower the corporate tax rate. Despite all our socialism here in Canada, we have much lower corporate taxes, as you have mentioned. I'm sure it has attracted a lot of American corporations to set up shop here.
Canada does a lot of things right. Bernie Sanders was just here analyzing our health care system. We pay half as much per capita on health care here compared to the USA and everyone is covered. It blows my mind that you guys aren't all lobbying your politicians to essentially implement our system down there. It would be way better for you. The FUD you hear about our system is not true. We receive excellent care overall. Prescription drugs are much cheaper here also.
The big problem with US politics is all the partisanship and blind ideology. For example, Trump Jr. taking away his young daughter's Halloween candy to teach her about "socialism". People like that are the reason why you guys will never have nice things like universal healthcare. Too many trolls that can't see beyond their own nose or their own backyard.

