Name what you would do to turn the economy around

[Danzig]

Originally Posted by somerfrost

Trickle down has been proven not to work. The problem, I freely admit, is to find a way to deal with the super rich, excessive salaries is a first step...yes, I think a million a year is plenty for anyone. As I said, if you create jobs, start a new business, or create meaningful innovation, there would be no limit to profits. This concept will never gain popularity in my lifetime, or the lifetimes of my kids and grandkids...maybe someday.

you say on one hand no limit to profits, while on the other talking about limiting salaries. you say trickle down doesn't work-so exactly what would be the point of limiting top salaries? all that money wouldn't go elsewhere, so i don't get why you're suggesting it!
like i said, the tax breaks should be to those with money who provide jobs to those who need them. not tax breaks for shelters to grow the wealth, which sits there-or pays for the likes of paris hilton. the rich are those with the means to provide jobs-the trick is to entice them to do so. cutting top salaries isn't how to do it-it's encouraging higher bottom salaries, and more of them. tax breaks for providing benefits, encouraging more employment-not making it more sensible to work the employees you have 80 hours a week to avoid paying ss, workmens comp, and other costs of hiring. it shouldnt be cheaper to pay overtime rather than to hire more, but it is. besides, i'd imagine those top salaries include stock options-start giving some of those to your employees-paying a bit more to those you have makes them happier, and more productive. congress needs to rethink job creation, and taxes.

[somerfrost]

Originally Posted by Danzig

you say on one hand no limit to profits, while on the other talking about limiting salaries. you say trickle down doesn't work-so exactly what would be the point of limiting top salaries? all that money wouldn't go elsewhere, so i don't get why you're suggesting it!
like i said, the tax breaks should be to those with money who provide jobs to those who need them. not tax breaks for shelters to grow the wealth, which sits there-or pays for the likes of paris hilton. the rich are those with the means to provide jobs-the trick is to entice them to do so. cutting top salaries isn't how to do it-it's encouraging higher bottom salaries, and more of them. tax breaks for providing benefits, encouraging more employment-not making it more sensible to work the employees you have 80 hours a week to avoid paying ss, workmens comp, and other costs of hiring. it shouldnt be cheaper to pay overtime rather than to hire more, but it is. besides, i'd imagine those top salaries include stock options-start giving some of those to your employees-paying a bit more to those you have makes them happier, and more productive. congress needs to rethink job creation, and taxes.

I agree! Limiting top salaries is just the first step, the trick is having those savings go toward a more equatable salary structure (I mentioned increases in salaries for those involved in direct care for example). I'm not smart enough to figure out the best way to do that but merely limiting top salaries is not the total answer. Somehow, we must entice the super rich to "spread the wealth" and I have no idea how we do that unless we tax all income over a set figure at 100% which has drawbacks as well. In a capitalistic society limiting wealth effects job creation, innovation and risk taking...we don't want to do that, at the same time we want to reduce the ever growing gap between the rich and the rest of society....I see a sane salary structure as but the first step.

[Cannon Shell]

Originally Posted by somerfrost

I agree! Limiting top salaries is just the first step, the trick is having those savings go toward a more equatable salary structure (I mentioned increases in salaries for those involved in direct care for example). I'm not smart enough to figure out the best way to do that but merely limiting top salaries is not the total answer. Somehow, we must entice the super rich to "spread the wealth" and I have no idea how we do that unless we tax all income over a set figure at 100% which has drawbacks as well. In a capitalistic society limiting wealth effects job creation, innovation and risk taking...we don't want to do that, at the same time we want to reduce the ever growing gap between the rich and the rest of society....I see a sane salary structure as but the first step.

"Spread the wealth" is un-American. Make something of yourself and stop whining about what others make. The Govt doesn't belong in the "fairness" business because it most certainly isn't fair.

You tell 'em, Chuck.

Survival of the fittest.

[3kings]

Originally Posted by Cannon Shell

"Spread the wealth" is un-American. Make something of yourself and stop whining about what others make. The Govt doesn't belong in the "fairness" business because it most certainly isn't fair.

Post of the Year and words to live by.

[Danzig]

to make things equal, some want to tear the top down. that would be infinitely easier than finding ways to bring the bottom up. don't encourage achievement, penalize it. hard work, ingenuity...discourage it. yeah, that's the way to fix everything.

[SCUDSBROTHER]

Originally Posted by Danzig

to make things equal, some want to tear the top down. that would be infinitely easier than finding ways to bring the bottom up. don't encourage achievement, penalize it. hard work, ingenuity...discourage it. yeah, that's the way to fix everything.

LOL..Who said anything about equal? We are struggling to keep 3 classes..Keep voting for Conservatives, and you (and 99% of Arkansas) will be in the lesser of 2 classes. If hard work was always rewarded in this society, there'd be more of it going on. When people work hard, and aren't rewarded? That's when the problems come. Matter of fact, the best way to turn this economy around would be if hard work was always rewarded. That's not going to happen. Rich people's real wages keep going up, and everyone else's real wages are stagnant, or going down. That is a recipe for a 2 class system.

[jms62]

Reward those hard working CEO's for shipping jobs to China and India. And then stand around with our thumbs up our ass wondering why there is no recovery, why are cars,houses,etc not selling. Keep listening to the economists using thier 19th century text books to analyze a 21 st century paradigm. What is Germany doing right?

[Rileyoriley]

Originally Posted by 3kings

Post of the Year and words to live by.

Ditto

[DaTruth]

I think we need to punish Standard Oil.

http://www.youtube.com/watch?v=VIMi7fBA6e4

[geeker2]

Originally Posted by DaTruth

I think we need to punish Standard Oil.

http://www.youtube.com/watch?v=VIMi7fBA6e4

Huey !!!!!!

http://www.youtube.com/watch?v=9N2CANatVYQ