CEO Pay: There Is Something Wrong with This

Sarah Jaffe reports on the current disparity between the pay of the CEOs and the pay of their workers. It’s unconscionable but corporate America won’t let anyone do anything about it. The way the system works is rigged in favor for large corporate entities. They are running things, and corporations are psychopaths. In fact, since Reagan, they’ve been fostering it. And you wonder why there’s no money for universal healthcare. Instead of paying less taxes, companies and CEOs should be paying more taxes. But thanks to tax havens and corporate accounting practices, they probably pay less taxes than the average American.

Walmart workers, meanwhile, make around $8.75 an hour—about $18,000 a year. They’d have to work over a million years to approach what the chairman of Walmart Stores is sitting on. Alice and Jim Walton each have about $20 billion, and Christy Walton has $24 billion.

That top percentile takes home more than 20 percent of the personal income in the country, and their average income is $5.4 million. The average income of the bottom 90 percent, according to the Post, is just $31,244.

They began to change fast in the ‘80s, with Reagan’s deregulation-first agenda—in 1980, CEOs made 42 times what workers made; now it’s 343 times. This, coupled with the failures of communism in practice, led to what British author Mark Fisher calls “capitalist realism”—the idea that there is no alternative and so we’re stuck with what we’ve got. It might not be fair that the company CEO makes hundreds of times your salary, but that’s the way the system is, and it’s the best system we’ve got.

To suggest there might be anything wrong with corporations paying CEOs millions is treated like heresy.

—the Post notes that we belong in the company of Cameroon, Ivory Coast, Uganda, and Jamaica in terms of raw wealth disparity.

Meanwhile, the New York Times reports that companies with billions held offshore—including companies we all know and use, like Google, Apple, and Microsoft—are asking for a “repatriation” tax holiday to bring that money back to the U.S. In other words, they want to drop the rate they’d pay on that money—$29 billion from Microsoft alone—to 5.25 percent from the 35 percent it is normally, as a reward to them for bringing their money back home.

The kicker to that is that even 5 percent of that cash would be a much-needed jolt of revenue for the U.S. economy, but the last time such a deal was offered, companies shipped money home only to return it to shareholders, lay off workers, close plants, and make plans for the next time the government would reward them for pretending to be patriotic. Merck, the Times notes, “brought back $15.9 billion in October 2005. The next month, it unveiled a restructuring plan to cut 7,000 jobs.”

Justice Is Blind

As much as everyone in North America would like to believe that justice is blind, I think that justice is only for the rich. The rich who can afford the best lawyers pervert the cause of justice.

Others do what they can do. What can you do when you can’t afford 120$ an hour? You get justice but justice that has been sold off to you.

I find it unconscionable that people who don’t have the means to get the “best” lawyer end up with no justice at all. Something must be done to change this.

Do normal everyday people actually care that much about this?

No, because usually, everyday people rarely get involved with justice or courts. In my life, it’s happened to me only once. It wasn’t anything big, but it opened my eyes to how perverted it seemed in my eyes.

This allows the rich and corporations to dictate new laws and their own interest above the cause of justice. They can do what they want, sue whomever they want. With the law in their hands, the system will slowly break down. Of course, it’s impartial. At least that’s what you hope when you enter the courts of the judicial apparatus. Judges and juries can be rigged, but at least they aren’t perverted.

However, who has the advantage? The client with the lawyer with a six figure retainer or the public defender?

Dirty Sexy Money S01E02 (ABC)

It’s as I mentioned earlier today, Dirty Sexy Money is a lot like Big Shots. Between the two, I prefer Big Shots. Big Shots is like Desperate Housewives for men. Just look at the Big Shots wiki page. You have all the qualifications of the characters. My wife said it and I agree: it’s a mimbo show.

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Dirty Sexy Money S01E01 (ABC)

For some reason, ABC shows have a transsexual hookers. I don’t really know why, but Dirty Sexy Money is one of them. Big Shots is another. More on Big Shots later today. I don’t know why they focus so much on tranny hookers. I’m sure that I’m using derogatory terms, but it’s just so ludicrous seeing it on not one but two ABC shows this fall.

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