General Discussion

dotymed

(5,610 posts) Sat Jan 14, 2012, 09:08 AM Jan 2012

The wealth gap is increasing faster than ever.

While reading a story on MSN MONEY this morning I found myself disguted again and realizing how important OWS is to the 99% of Americans. Here is an important excerpt.

The CEOs who made my final cut pull down vast amounts of money -- from $60 million to $145 million in a single year -- so you may find the size of the pay gaps astonishing.

The top CEOs on my list were making $33,000 to $48,000 per hour, compared with $18 to $30 an hour for their workers. That means the CEOs earned as much in 75 minutes as a typical employee made in an entire year. (And that's giving CEOs a break, assuming a 60-hour workweek with two weeks of vacation a year, compared with workers' 40-hour weeks.)

Put another way, the ratios of CEO pay to worker pay ran as high as 2,500-to-1, compared with 180-to-1 on average at S&P 500 companies. The latter number itself has climbed from around 40 on average in the 1980s.

And the three biggest pay gaps I found are are at companies in health care -- at a time when rising health care costs are crushing many family budgets.

It is clear that with CITIZENS UNITED and corporate owned politicians our only "choice," unless we take to the streets, en masse, and stay there until, YES, the wealth is redistributed, America is an illusion that is antiquated. We are slaves for the unjustly overpaid, wealthy.

http://money.msn.com/investing/7-ceos-pulling-in-outsized-paychecks

Above is a link to this short MSN article. Please use the links and check-out the study on CEO pay that was done just last month. It is very disheartening and the "health-care" insurance CEO's are the most exorbitantly overpaid. If we had universal healthcare, their salaries and bonuses could pay for the first few years.
This study makes it abundantly clear that the middle class (soon to be the poor) and the already poor (monetarily) are suffering at historic levels.

We must show our strength, in the streets, until these corporate politicians actually represent the citizens.