View Poll Results: What should be the annual cap?

Voters
56. You may not vote on this poll
  • $100K or less

    1 1.79%
  • $200K

    1 1.79%
  • $500K

    1 1.79%
  • $1M

    4 7.14%
  • That's none of our business.

    49 87.50%
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Thread: Corporate Earnings

  1. #51
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    Re: Corporate Earnings

    Quote Originally Posted by earthworm View Post
    Hard to believe my vote - placing me in the "super majority".
    But for those "earning" unlimited quantities of money , there should be a tax rate, without loopholes, of say 60%.. At one time (1949), this was 90% , but with holes King Kong could stroll through !
    Unfortunately, as long as its the wealthy who design the tax laws, the rich will NOT pay their "fair" share.
    Its not a good idea to limit anyones income, and we do need the uber-rich..to buy the first automobiles, the first VCRs, on and on..

    A majority of Americans agreed with Obama there should be NO cap on tax deductions for the super rich. Get over it. You viewpoint lost in the election.

  2. #52
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    Re: Corporate Earnings

    Quote Originally Posted by PeteEU View Post
    Wrong question.

    Salary/compensation should be linked to performance. Hence the executives salary/compensation increases when the company does good, and decreases when it does not. Sadly this is not the reality of most companies these days.
    Trick question. I wanted to see how many would have the arrogance to dictate salary caps. There are four, so far.

  3. #53
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    Re: Corporate Earnings

    Quote Originally Posted by Boo Radley View Post
    Wrong question. No one I know seriously suggests a cap. Most just recognize that it isn't good for the country to see executive pay so outdistancing worker pay. Just something most know instinctively to be wrong.
    I'd rather not be governed by people's instincts, they are too capricious.

  4. #54
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    Re: Corporate Earnings

    Quote Originally Posted by Dooble View Post
    Trick question. I wanted to see how many would have the arrogance to dictate salary caps. There are four, so far.
    Well technically if salary/compensation is linked to performance, then there is a salary cap
    PeteEU

  5. #55
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    Re: Corporate Earnings

    Quote Originally Posted by AliHajiSheik View Post
    I'd rather not be governed by people's instincts, they are too capricious.
    Nor sure I said you should be. The fact is we can show objectively that it harms the country. I merely note most know this without that evidence. however, we still would need the evidence.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  6. #56
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    Re: Corporate Earnings

    Quote Originally Posted by Boo Radley View Post
    Nor sure I said you should be. The fact is we can show objectively that it harms the country. I merely note most know this without that evidence. however, we still would need the evidence.
    Who is the we you reference? I'm curious what you base this on. Are there other economic things that people know without evidence?

  7. #57
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    Re: Corporate Earnings

    Quote Originally Posted by AliHajiSheik View Post
    Who is the we you reference? I'm curious what you base this on. Are there other economic things that people know without evidence?
    People, you, me, any poster here. And we can look up evidence. We can look at history, studies,and logic.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  8. #58
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    Re: Corporate Earnings

    Quote Originally Posted by joko104 View Post
    A majority of Americans agreed with Obama there should be NO cap on tax deductions for the super rich. Get over it. You viewpoint lost in the election.
    Rates and deductions are being confused.
    Re-read my previous post..
    The 60% is a number snared from thin air....my doing.
    The 90% was from the 1949 rates, even back then, the loopholes should have been tightened, but, as we know, the wealthy design the system, ensuring that they pay little tax.
    Right now, I know of no solution. In England, they have the House of Lords and the House of commons.....Maybe we need a house of true commons...All we have is two Houses of Lords !
    Maybe we just need a better wealthy people, not the scum we have today !

  9. #59
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    Re: Corporate Earnings

    Quote Originally Posted by PeteEU View Post
    Well technically if salary/compensation is linked to performance, then there is a salary cap
    True, but the salary capper should at least be the boss, correct? That was my point. What prompted me to post this thread was after I heard a radical leftist state that $500k per year was plenty for business executives. That they didn't need anymore money than that.

    "Try telling that to your Hollywood pals, comrade!".

  10. #60
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    Re: Corporate Earnings

    Quote Originally Posted by Dooble View Post
    True, but the salary capper should at least be the boss, correct? That was my point. What prompted me to post this thread was after I heard a radical leftist state that $500k per year was plenty for business executives. That they didn't need anymore money than that.

    "Try telling that to your Hollywood pals, comrade!".
    I agree, 500k is more than enough for anyone, CEO, actor, music star and so on. That we live in a ME ME ME greedy society means they can earn far more.. that is just life. What the "leftists" are trying to do is to link CEO pay to performance, because at the moment it aint.. and by saying 500k a year is more than enough they bring this problem to the forefront... and frankly as I stated... 500k a year is more than enough.
    PeteEU

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