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Posted on 2/20/17 at 3:04 pm to Lsuchs
quote:
No one is losing money to pay them what they think a talent is worth. People make so much off of their talent that is the value they are willing to pay to employ them over a competitor
Most people agree that athletes are overpaid, and the team owners make too much money. The sports industry is full of greed.
I support college sports, but why does a coach make millions?
We now know why tuition is so high.
Posted on 2/20/17 at 3:05 pm to 90proofprofessional
quote:took you this long?
just occurred to me- heather/yoga detected
Posted on 2/20/17 at 3:05 pm to tigerite
Posted on 2/20/17 at 3:05 pm to tigerite
quote:
The thieves are the people raking in $20.0m or more who don't create jobs
What about corporations that make more than 20m in profits? I'd love to hear your thoughts on this.
Posted on 2/20/17 at 3:06 pm to tigerite
uhm, how would an individual "create jobs" in numbers of any significance?
Tom Cruise earns $30m, like in your example. He did this making movies (which employ people). Does he now have to spend money to create jobs to keep his money?
What about a CEO who earns a $30m salary running a company that employs hundreds?
It just doesn't make any sense. Now if you mean some sort of corporate tax credit for job creation, those exist in abundance.
Tom Cruise earns $30m, like in your example. He did this making movies (which employ people). Does he now have to spend money to create jobs to keep his money?
What about a CEO who earns a $30m salary running a company that employs hundreds?
It just doesn't make any sense. Now if you mean some sort of corporate tax credit for job creation, those exist in abundance.
Posted on 2/20/17 at 3:06 pm to tigerite
quote:
I support college sports, but why does a coach make millions?
Because his program brings in money to the University.
Posted on 2/20/17 at 3:06 pm to tigerite
The $100k salary threshold seems pretty arbitrary. I think a better threshold is a credit for any full time position that is 25% over the poverty limit. And excludes executive level jobs.
Posted on 2/20/17 at 3:06 pm to SuperSaint
quote:
took you this long?
well it's the first time i've noticed this poster and i can see that "she" has few posts
Posted on 2/20/17 at 3:07 pm to tigerite
quote:
Most people agree that athletes are overpaid, and the team owners make too much money. The sports industry is full of greed.
When 30+ million people stop watching the super bowl then maybe.
quote:
I support college sports, but why does a coach make millions
Because having a good one will make enough money to pay a broke school 7mil to cover expenses, and a bad one could result in the school paying millions just to keep the football team afloat
This post was edited on 2/20/17 at 3:15 pm
Posted on 2/20/17 at 3:07 pm to BigJim
quote:
uhm, how would an individual "create jobs" in numbers of any significance?
a bunch of permanent 6-figure personal assistants
Posted on 2/20/17 at 3:08 pm to tigerite
quote:
Tax all income over $20.0m per year at 90%
Stopped reading after that
Posted on 2/20/17 at 3:08 pm to tigerite
quote:
I support college sports, but why does a coach make millions?
We now know why tuition is so high.
Posted on 2/20/17 at 3:10 pm to 90proofprofessional
quote:
a bunch of permanent 6-figure personal assistants
More government workers but in the private sector
Posted on 2/20/17 at 3:11 pm to MrLarson
quote:
What about corporations that make more than 20m in profits? I'd love to hear your thoughts on this.
I'm not sure. I own stock, but I still believe that stock prices are obscenely high (as are corporate profits). Plus, I hate when corporations make extra money by laying people off.
I haven't finished researching this.
Posted on 2/20/17 at 3:13 pm to tigerite
quote:
I own stock, but I still believe that stock prices are obscenely high
Posted on 2/20/17 at 3:15 pm to tigerite
quote:
I think they should cap athletic salaries anyway. $30m for throwing a football? I don't think so.
You can't fathom the millions of dollars and hundreds of jobs Drew Brees subsidizes for the city of New Orleans for "throwing a football."
Some of you guys seriously need to take a course in basic economics.
Posted on 2/20/17 at 3:16 pm to tigerite
quote:
Most people agree that athletes are overpaid
Only people who lack any level of economic competency.
Posted on 2/20/17 at 3:16 pm to Antonio Moss
quote:
You can't fathom the millions of dollars and hundreds of jobs Drew Brees subsidizes for the city of New Orleans for "throwing a football."
If there were caps, he'd gladly throw the football for $5.0m year (a national cap would be needed).
The same economic effect would be there.
He's just an athlete - why should he make more than the President?
Publicly traded corporations should also have salary caps.
ETA: I have plenty of economic competency.
This post was edited on 2/20/17 at 3:17 pm
Posted on 2/20/17 at 3:17 pm to tigerite
Your "tax structure" makes very little sense considering jobs are not an end but a means to an end.
This crap tax plan incentivizes those with funds to invest in labor instead of machinery, which in the long run lowers real wages.
This crap tax plan incentivizes those with funds to invest in labor instead of machinery, which in the long run lowers real wages.
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