Do not intervene
Yes, do intervene
Everything in your life is a reflection of a choice you have made. If you want a different result, don't blame someone else, or expect others to make a change, you should stop complaining and make a different choice. Remember, the circumstances of your birth don't determine the outcome of your life.
"God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
-C G Jung
Get rid of the legal term and entity known as corporation. Make all companies equal, completely equal. This will increase competition. More small business owners = higher employment = more competition for employees = higher command for wages. Plus the business owners themselves will take more and more of the pie away from the mega corps who currently run this country. Less profit for them = fewer multi million dollar salaried CEOs. Bring them down a peg, raise up a few more small business owners a peg, and get more people into the middle.
We can talk about tax schemes, minimum wage hikes, reducing the 40 hour work week (an inevitability, IMO), etc, but none of that means a hill of beans so long as the majority of profit is made by a minority of huge companies and their millions of subsidiaries.
Anti trust has failed...it's not to be trusted. Kill the corporation, revive the small business.
"Half full or half empty doesn't matter. What matters is, you've only got half a glass...so what are you going to do about it?" - Me
Of course we should intervene.
If things continue at the current rate... Americans will never be affected by global warming and terrorism will not seem so important anymore.
Somewhere between the "now" and the period in which the 1% own 99%, and the 99% are all starving... America will tear itself apart.
We will plunge ourselves into something much worse than a 3rd world Country. Bands of murderous fanatical militias, and cities at war with one another will make the fictional "Mad Max" scenario look like a utopia in comparison.
I don't understand the extremes of unregulated corporate capitalism and complete equal pay. Neither is realistic or healthy in the long run. Something that could encourage mega corporations to look beyond pure profit and see the human value, and people not trying to milk the system for a free ride, seems more appropriate?
Einstein, "science without religion is lame, religion without science is blind."
I don't accept that there is some universal truth that everybody is paid what they deserve... that's hilarious. I have seen plenty of lazy, overpaid managers in charge of much less paid employees who are always busting their ass, working hard, never late, always willing to do extra, etc. I know many people who work where favoritism and politics supersedes hard work. But that is a micro economic issue compared to the fact that corporations themselves are people, with rights, and more power and money than you and I, and therefore, they have more influence than you and I over our government.
The gap between rich and poor keeps growing, and it's not because Americans are becoming less equal, less intelligent, or less driven as a whole. The gap continues to grow, despite the fact that the wealthiest companies in the world contributed to a massive global meltdown, and CEOs were being paid historically more than ever right before the collapse. And now, CEOs are being paid more than ever. Yet, most people would argue that CEOs who destroy the world economy aren't good CEOs, right?
This is a huge problem, and it's legitimate concentration of power and government influence where they lobby, contribute billions to campaigns, influence policy writing, and keep stacking the Federal Reserve with guys like Greenspan and Bernake who will always bailed them out.
I am not anti corporations. I am a CPA with a education in business and economics, and I constantly read books on economics and the financial meltdown. I haven't read one book by an economist who is excited about the economic policies since or before the meltdown. Also, there are a lot of falsehoods in the average citizens understanding of economics in the country as well. It's all very problematic.
It's nothing the government has any business interfering in.
Moreover, it's no cause for concern whatsoever.
I voted do intervene but that is with a careful consideration of how to intervene. I am not an economist so I wouldnt even suggest how. Vaguely I do think it should center around encouraging the people making less money to advance themselves then vilanizing the rich.