Reply to Turns Out Americans Actually Do Want to Tax the Rich

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[quote=Anonymous]I worked in manufacturing up to senior levels all my career. I earned more than a line worker, rightly in my view, because I helped run the whole system and a mistake I made could cost a lot of money. I was on call 24 hours a day if anything went wrong. Fine, I earned say six times what a line worker earned for my extra effort, experience, expertise. I did not earn or warrant 100 times what a line worker earned. And smaller differentials is how the US was up until the 1980s, and most countries in the world still are…reasonable income differentials for harder work, bigger responsibility.

But when the market for CEOs gets rigged by CEOs all sitting on each other’s compensation committees (and I have worked in executive pay department too so I have seen it first hand), they inflate the pay to hundreds of times what the basic worker earns for no reason other than they are all ‘pigs at the trough’ and the shareholders (of which I am one for many companies) get no value add for this inflated pay.

And the CEOs and other senior executives pay themselves that money even when the company loses money. They also use Wall Street to basically skim money from the real economy, from manufacturing, from small businesses, into Hedge Fund managers pockets from the real businesses. They use banks to rip off the taxpayer in bailouts and get very rich in the process at our expense. They tax capital gains for hedge funds at 15%, while earned income on wages and small businesses pay much higher rates of tax.

What makes all this possible? What Party allowed all this to come to pass? What Party prefers to blame working people for our problems. Well I personally think it is the Republican Party, which even more than the Democratic Party (and they are not clean on this either) is in the hands of the rigged rich, the CEOs on big bucks, and Wall Street. The Republican Party pretend to care for small businesses, but when was the last time they did anything for them? The Republican Party is in the hands of K Street lobbyists for the energy, banking, and other major corporate sectors.

What do you think? Or are you fooled into thinking this is about you versus folk who work less hard? Time to think for yourself, and get out from under the illusions about inequality as something that isn’t screwing you too. Respectfully.[/quote]

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