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Democratic Primaries

boomer_wv

(673 posts)

19. So the effect will be.....

Reply to Hassin Bin Sober (Original post)

Thu Nov 14, 2019, 12:41 AM

Nov 2019

That companies keep paying their CEOs as much as they want and just cut enough regular employees to make up for the tax increase.

This is really simple. Corporations value their CEOs much more than they value any single line employee. If a company fires its CEO, there's a good chance the stock is going to tank. If they fire 100 random employees, there's a good chance it's going to actually go up. So this bill isn't going to change the difference between CEO and regular Joe pay, it's just going to make there be less regular Joes.

I'm also not sure how comfortable I am with the federal government telling companies what business decisions to make. What's the next bill? Are we going to tell them how many employees they have to have? What state or town they have to be in? This is just populism, not sound governance.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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Sanders introduces legislation to tax excessive CEO pay [View all] Hassin Bin Sober Nov 2019 OP

The companies can weasel out of it by giving the CEOS low pay but build in higher severance packages cstanleytech Nov 2019 #1

I agree. Or do like they do now and give executives stock options. Blue_true Nov 2019 #4

Best way to address the wage inequality is to do it via linking the employees wages to the cstanleytech Nov 2019 #8

I like your ideas. Blue_true Nov 2019 #10

Well there would be one exception of workers as far as wages go cstanleytech Nov 2019 #12

Where I live most of the food workers appear to be adults. Blue_true Nov 2019 #15

I know and the same here its why I specified those 18 and younger that are still in school. cstanleytech Nov 2019 #16

Is it fair to pay employees that are doing the same work different wages based only Blue_true Nov 2019 #17

I think so. The jobs are rarely vital for them to live on and its more of a learning thing for when cstanleytech Nov 2019 #18

That's what companies have been doing for decades. George II Nov 2019 #11

They are using total compensation not just salary. Eric J in MN Nov 2019 #21

Bernie showing, once again, he's no friend of Wall Street and won't take its dirty money. InAbLuEsTaTe Nov 2019 #2

Are you implying some of the D candidates are "friends of Wall street taking their dirty money?" Eliot Rosewater Nov 2019 #3

I hope that you like the sound of crickets. Blue_true Nov 2019 #5

Yeah, and the truth is we both know some people here would LOVE to BASH our democratic Eliot Rosewater Nov 2019 #6

Pretty much all of the Bernie people here are decent people. Blue_true Nov 2019 #7

"some people here" melman Nov 2019 #13

Agreed! Hassin Bin Sober Nov 2019 #14

Only Bernie could catch hell for leading Democrats in the right direction... again!! InAbLuEsTaTe Nov 2019 #22

Will this affect every major sports franchise ? MichMan Nov 2019 #9

So the effect will be..... boomer_wv Nov 2019 #19

Another silly proposal from Bernie. He won't be haappy until comradebillyboy Nov 2019 #20

It's shocking how little Sanders knows about that which he rails against. NT TidalWave46 Nov 2019 #23