View Poll Results: Should the Buffett Rule" be made law?

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Thread: Should the Buffett Rule" be made law?

  1. #31
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    Re: Should the Buffett Rule" be made law?

    As a percentage of GDP? Yeah, I guess we ignore the fact that America has four times the gross product of the 2nd wealthiest nation in the world.

    Argument fail.

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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Gipper View Post
    As a percentage of GDP? Yeah, I guess we ignore the fact that America has four times the gross product of the 2nd wealthiest nation in the world.

    Argument fail.

    Understanding math fail.


    Also, just looking at the US, Mr. Barlett points out that the rate will be 1/3 of what it was in the 1950s.
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Gipper View Post
    Any chance you could point me to a specific page instead of doing the "lawyer thing" and burying me in paper while expecting me to find what you're looking for?
    not really. i am reading it right now. pretty interesting, and of course you know that effective and statutory rates are not the same. read the summary.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  4. #34
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    That's a good question. I don't know the answer. American CEOs get paid much more than their overseas counterparts. Maybe it's something in the corporate governance charters? I really don't know.
    it's because they can. corporate boards vote on salaries, and corporate boards are made up of ceos from other companies. they scratch each other's backs.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  5. #35
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    That's a good question. I don't know the answer. American CEOs get paid much more than their overseas counterparts. Maybe it's something in the corporate governance charters? I really don't know.
    Me neither, though I have a few ideas as to why this is occurring. Perhaps the CEOs got smarter at some point and realized that they are usually about 300x more productive vs. the average employee as opposed to maybe only 25x more productive.

    The 1960's CEOs were probably just being too modest.
    Last edited by David D.; 09-19-11 at 11:22 AM.

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    Re: Should the Buffett Rule" be made law?

    They get paid more because their salaries are based on options, which can easily allow for very high returns based on the market value of stock at any given point of call.

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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Gipper View Post
    They get paid more because their salaries are based on options, which can easily allow for very high returns based on the market value of stock at any given point of call.
    they also make hella good salaries.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by liblady View Post
    they also make hella good salaries.
    Yea, but Gipper makes a good point. I don’t think it’s uncommon to see a CEO to making only 1/15th of his/her yearly income in salary. Most of the time when you take a look of the size the company they’re managing, the salary portion isn’t all that unreasonable.

    It's those gifts and stocks and goodies which pile up into the $300+ to $1 ratio.

    In another way of looking at it, CEOs are seeing a bigger share of company profits than their counterparts in the 1960’s.
    Last edited by David D.; 09-19-11 at 11:37 AM.

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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    That's a good question. I don't know the answer. American CEOs get paid much more than their overseas counterparts. Maybe it's something in the corporate governance charters? I really don't know.
    I think this needs confirmation, but I think one reason why corporate pay is lower overseas is because many overseas corporations have profit-sharing programs that allow their employees to become shareholders. So while the CEOs manage a business the CEOs are still accountable to their employees as shareholders, and employees as shareholders have a say in the elections of the business' Board of Directors.

    So this lends a kind of balance of power between Labor and Management: Management makes and direct policies that Labor must act on but Labor has a say in who is becomes a part of Management.

    I should note that allowing employees to be shareholders also has the potential for a balance of power between Labor and Management that doesn't make unions necessary to attain it.
    Also, we need to legalize recreational drugs and prostitution.

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    Re: Should the Buffett Rule" be made law?

    David's a little more patient than I am. I was summarizing.

    Quote Originally Posted by liblady
    they also make hella good salaries.
    Because options incentivize officers to have vested interest in the company above and beyond normal expectations.

    Only thing I wish they'd change is if they exercise a call at a time when market prices are artificially inflated, they are penalized based on...I dunno, something more along an average market yield.

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