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2
Posted on 9/15/23 at 1:25 pm to wadewilson
Consolidation followed by redistribution of wealth is one of the constants of history. It’ll either happen through policy or through Revolution, but one way or another it will happen
Posted on 9/15/23 at 1:27 pm to Goldrush25
quote:
When you have the ability to go out and get a better paying job, you're not being held down, you're making a choice.
Not everybody has that ability, and our society cannot function without the people that cannot.
Posted on 9/15/23 at 1:29 pm to Lsupimp
Show me the assembly line UAW employee that can effectively run a multinational multibillion conglomerate like GM, Ford,etc.
Posted on 9/15/23 at 1:29 pm to Taxing Authority
quote:
People seem to think that being "average" and mediocre should lead to a luxurious life. It's all envy based.
My dad was solidly blue collar. Worked at the same place for near 40 years. My mom never had to work. We were never hungry. He paid off his house 30 years ago. We took multiple vacations every year.
My wife and I both have to work to make the money he did, and housing costs 3 to 4 times as much now.
Posted on 9/15/23 at 1:30 pm to Covingtontiger77
quote:
Show me the assembly line UAW employee that can effectively run a multinational multibillion conglomerate like GM, Ford,etc.
That's called a red herring.
Posted on 9/15/23 at 1:33 pm to FreddieMac
quote:
At the lower to mid income Americas. There is no reason why the top 1% should control so much wealth in our country. It will become increasingly destabilizing and that is how you get a French revolution.
Again, where is the shortage of money? You don’t get wealthy working on an assembly line your entire life. There’s plenty of money to be made, people just don’t want to take the risk to get there. I’m sorry, but that’s just utter bullshite. It’s entirely possible to leave a corporate job and make more money than you ever imagined.
How much the CEO of the company I represent makes has zero impact on me and my ability to earn
Posted on 9/15/23 at 1:33 pm to lsupride87
quote:
No amount of money in the world would I take a CEO position at a major company. Hours and workload to get there are BRUTAL
Being THE CEO really wouldn't be that bad if the company is doing well. The lower end Csuites is worse most likely, similar hours with less pay, potentially more stress, and fewer amenities. Flying around in the company jet and having high end dinners, luncheons, etc as the top dog isn't all that bad. Plus, you know that you put the time in for only a couple of years and you are setting up your grandkids for life. Given, most of them are like worth 8 digits by the time they become a CEO anyway.
Posted on 9/15/23 at 1:34 pm to Taxing Authority
Philosophically, that's all correct. The problem lies with seeing the reality of what the State/Industry partnerships has actually created (Too big to fail, Stimulus, Fed Rates, banking frickery, etc).
Book after book from Left (we all know these Marxist critiques) and The Right (much lesser known) have talked about how destabilizing it is for a country to concentrate extreme wealth in too few hands. It's where the Socialist Left collides with the Populist Right. It's a contempt for the Ruling Class concentration of wealth and power. Having an unapologetic crime family running shite now while releasing 70,000 IRS agents on small business guys and seeing how the game is rigged through coercion and control is hardly an oddball observation. I would argue that we have reached a new point in America where those in power are actively undermining the ability of those who are actively "trying to grow their business".
The problem imho is that The State has to a large extent disincentivized the TRUE Free Market. And quoting political/economic philosophy becomes like white knighting for the prevailing State power grab. I don't really see GM like a legit private company that can fail. I see it as a State partner.
Book after book from Left (we all know these Marxist critiques) and The Right (much lesser known) have talked about how destabilizing it is for a country to concentrate extreme wealth in too few hands. It's where the Socialist Left collides with the Populist Right. It's a contempt for the Ruling Class concentration of wealth and power. Having an unapologetic crime family running shite now while releasing 70,000 IRS agents on small business guys and seeing how the game is rigged through coercion and control is hardly an oddball observation. I would argue that we have reached a new point in America where those in power are actively undermining the ability of those who are actively "trying to grow their business".
The problem imho is that The State has to a large extent disincentivized the TRUE Free Market. And quoting political/economic philosophy becomes like white knighting for the prevailing State power grab. I don't really see GM like a legit private company that can fail. I see it as a State partner.
Posted on 9/15/23 at 1:35 pm to baldona
quote:You don’t just snap your fingers and become CEO. The grind you put in for 20-30 years would make most people crumble
Being THE CEO really wouldn't be that bad if the company is doing well. The lower end Csuites is worse most likely, similar hours with less pay, potentially more stress, and fewer amenities. Flying around in the company jet and having high end dinners, luncheons, etc as the top dog isn't all that bad. Plus, you know that you put the time in for only a couple of years and you are setting up your grandkids for life. Given, most of them are like worth 8 digits by the time they become a CEO anywa
Posted on 9/15/23 at 1:35 pm to DCtiger1
quote:
How much the CEO of the company I represent makes has zero impact on me and my ability to earn
To add to that, everyone should WANT to work for a company that has a CEO making a ton. That means the company has a ton of upside and the company is doing extremely well. If your CEO is making $100k how much can you really be promoted?
Posted on 9/15/23 at 1:36 pm to lsupride87
quote:
You don’t just snap your fingers and become CEO. The grind you put in for 20-30 years would make most people crumble
I mean, it really varies. Zuckerberg for instance. I agree with you, but I was replying to your specific post about being CEO. You don't just work into any Csuites its generally a gradual process as you said.
But again, if you are going to be a Csuite why not work to the top for awhile and earn the big bucks?
Posted on 9/15/23 at 1:37 pm to lsupride87
quote:
No amount of money in the world would I take a CEO position at a major company. Hours and workload to get there are BRUTAL
For companies like GM, you just have to do it for a couple years or so and then get fired. The rest of your life can be retirement and philanthropy at that salary.
Posted on 9/15/23 at 1:38 pm to baldona
quote:This is my original post
but I was replying to your specific post about being CEO.
quote:Myslelf and 99.9% of the population don’t have the drive, capacity, or WILLINGNESS to give up everything in life it takes to make it to that point.
Hours and workload to get there are BRUTAL
Just the shite it takes to get to partner at major accounting and law firms blows.
This post was edited on 9/15/23 at 1:40 pm
Posted on 9/15/23 at 1:40 pm to DCtiger1
quote:
Again, where is the shortage of money?
I think the point of this thread is t that there isn’t enough money, it’s that the money isn’t distributed enough
Posted on 9/15/23 at 1:40 pm to Chili Dawg
quote:
Is t she the one who when asked at an electric car promotion where the electricity came from to charge the car batteries she said, with a straight face, “the building”?
I don't know......but that sounds like a solid smartass answer to a smartass question.
Posted on 9/15/23 at 1:42 pm to LSU82BILL
quote:
The CEO of GM is a woman who started working at GM 43 years ago when she was 18 to pay for her college tuition that includes an MBA from Stanford.
Could an entry level Gm employee pay for Stanford today?
Posted on 9/15/23 at 1:45 pm to StringedInstruments
quote:
Not bad! I’ve been a teacher for 15 years and have a master’s degree. My base salary is $65k a year.
Ah, the race to the bottom.
This post was edited on 9/15/23 at 1:46 pm
Posted on 9/15/23 at 1:45 pm to SammyTiger
quote:
I think the point of this thread is t that there isn’t enough money, it’s that the money isn’t distributed enough
And my point is that people can control that because there’s no shortage of money to actually be made out there.
Posted on 9/15/23 at 1:46 pm to baldona
quote:
That means the company has a ton of upside and the company is doing extremely well.
Or it could mean that it would have already been dead and buried but received a taxpayer bailout because it was insanely deemed to be "too big to fail".I wish this country valued those small businesses that actually risk everything and can and do fail. Instead we unleash armies of federal agents upon them.
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