Let's Talk Politics! The Official Political Discussion Thread - Page 8 - Wrestling Forum: WWE, AEW, New Japan, Indy Wrestling, Women of Wrestling Forums

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post #71 of 3381 (permalink) Old 10-02-2018, 03:40 PM
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Re: Let's Talk About Politics! The Official Political Discussion Thread

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Originally Posted by blaird View Post
Haha at no one should earn more than a million dollars (if this is accurate). And if the tax plan I just read on him from a 2016 article is correct, it looks horrible. Again, I am no tax expert just reading from an article on taxfoundation.org so if its a bogus site my apologies. I cant copy the article because of the chromebook I am on but if you google "bernie sanders tax plan" I think its the first one to come up, if you care to read about it.

It says there will be a 10.5% reduction in all tax payers' after tax income which is not good, to me anyways. Also a 2.2% tax for income based healthcare premium". I can get on board with that if I no longer have money taken out to pay for my health insurance, but overall it doesnt look too good. Again, I am far from a tax expert so if I am reading or understanding this wrong, please correct me.
Apparently Bloomberg found a n article from 1974.

Quote:
In a 1974 article titled “Concentrated Wealth Is Causing Economic Illness,” from an unidentified newspaper that was in his papers at the University of Vermont library, Sanders is described as wanting to “make it illegal to amass more wealth than a human family could use in a lifetime.” He would do that, the article said, with “a 100 percent tax on incomes above this level ($ one million per year)” and “would recycle this money for the public need.”

Also in 1974, when Sanders was the Liberty Union’s candidate for Senate in Vermont, he told the Burlington Free Press that “nobody should earn more than $1 million,” a line that was mentioned in passing in a July story in Politico. The Sanders campaign did not respond to requests for comment.
Of course the other telling portion is a 100% tax rate.

By the way 1 million dollars in 1974 is only about 5.3 million here.

I would assume that he would have to walk that statement back, because if he would propose that, I can't see him getting that much support.
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post #72 of 3381 (permalink) Old 10-02-2018, 03:47 PM
 
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Re: Let's Talk About Politics! The Official Political Discussion Thread

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Originally Posted by DMD Mofomagic View Post
Apparently Bloomberg found a n article from 1974.



Of course the other telling portion is a 100% tax rate.

By the way 1 million dollars in 1974 is only about 5.3 million here.

I would assume that he would have to walk that statement back, because if he would propose that, I can't see him getting that much support.
Yeah that is why now he says it like no CEO should make 1000x that of their average employee. Basically saying that the average workers wages should keep up with the top CEO, which I would hope everyone can agree with, Bezos did since he finally set at $15 min wage for Amazon, so that is a start

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post #73 of 3381 (permalink) Old 10-02-2018, 03:54 PM
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Re: Let's Talk About Politics! The Official Political Discussion Thread

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Yeah that is why now he says it like no CEO should make 1000x that of their average employee. Basically saying that the average workers wages should keep up with the top CEO, which I would hope everyone can agree with, Bezos did since he finally set at $15 min wage for Amazon, so that is a start
How would you calculate those numbers then?

And where would the calculations come from...

Profit? Income? Revenue?
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post #74 of 3381 (permalink) Old 10-02-2018, 04:07 PM
 
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Re: Let's Talk About Politics! The Official Political Discussion Thread

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How would you calculate those numbers then?

And where would the calculations come from...

Profit? Income? Revenue?
it would be income obviously. What would profit and revenue have to do with it?

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post #75 of 3381 (permalink) Old 10-02-2018, 04:20 PM
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Re: Let's Talk About Politics! The Official Political Discussion Thread

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it would be income obviously. What would profit and revenue have to do with it?
I am asking you, because you made the statement.

So you think it should be CEO income.

But what if a CEO has multiple businesses... how would his income be calculated then?

I have a problem with vague terms like :

He shouldn't make 1000 times more than his average worker, because it sounds like if an income comes through different revenue streams, that would have nothing to do with those workers, right?
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post #76 of 3381 (permalink) Old 10-02-2018, 04:30 PM
 
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Re: Let's Talk About Politics! The Official Political Discussion Thread

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I am asking you, because you made the statement.

So you think it should be CEO income.

But what if a CEO has multiple businesses... how would his income be calculated then?

I have a problem with vague terms like :

He shouldn't make 1000 times more than his average worker, because it sounds like if an income comes through different revenue streams, that would have nothing to do with those workers, right?
Its not a vague term and 99% of CEOs only work for one company.

You are just getting into semantics.

What Sanders is talking about is the top people in a company should not be making 1000x more than the average workers. He is not talking about the rare cases where a CEO may also be a founder or be CEO for a couple different companies.

Sanders point is in many cases the average CEO makes more in a day or even week than their average worker does in a year.

The average yearly salary of a CEO in the fortune 500 companies is like $14 or 15 million per year. In those cases those CEOs are making almost 400x their average worker.


http://time.com/money/5287123/ceo-pay-afl-cio/

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post #77 of 3381 (permalink) Old 10-02-2018, 04:39 PM
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Re: Let's Talk About Politics! The Official Political Discussion Thread

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Its not a vague term and 99% of CEOs only work for one company.

You are just getting into semantics.
I just wanted clarity before giving my opinion

Quote:
What Sanders is talking about is the top people in a company should not be making 1000x more than the average workers. He is not talking about the rare cases where a CEO may also be a founder or be CEO for a couple different companies.
Sure.

Quote:
Sanders point is in many cases the average CEO makes more in a day or even week than their average worker does in a year.

The average yearly salary of a CEO in the fortune 500 companies is like $14 or 15 million per year. In those cases those CEOs are making almost 400x their average worker.


http://time.com/money/5287123/ceo-pay-afl-cio/
In that case, then yeah, I have no problem CEO's making 14-15 millon dollars a year.

If that means they make 400X their workers, then so be it.

What Amazon did is admirable, but if that means my prime membership goes from 119.00 a year to 149.00 a year next year, then the good will won't last long.
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post #78 of 3381 (permalink) Old 10-02-2018, 04:41 PM
 
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Re: Let's Talk About Politics! The Official Political Discussion Thread

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I just wanted clarity before giving my opinion



Sure.



In that case, then yeah, I have no problem CEO's making 14-15 millon dollars a year.

If that means they make 400X their workers, then so be it.

What Amazon did is admirable, but if that means my prime membership goes from 119.00 a year to 149.00 a year next year, then the good will won't last long.

So you have no issue with a CEO making $14 million a year but not paying their workers a living wage? Ok good to know

As for prime going up . why would prime have to go up with workers are being paid a living wage? So you are ok with a CEO making 14 million but complain if the average workers making 15 bucks an hour?

You don't even make any sense

PS if CEOs made a little less and that money went to paying its workers, your prime wouldn't have to go up in your hypothetical.


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post #79 of 3381 (permalink) Old 10-02-2018, 04:45 PM
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Re: Let's Talk About Politics! The Official Political Discussion Thread

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So you have no issue with a CEO making $14 million a year but not paying their workers a living wage? Ok good to know
Nope no issue at all.

is there a problem with making money because you are good at what you do?

And there is a difference between minimum wage and a living wage

https://www.howmoneywalks.com/living...he-difference/

Read the article, learn a little
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post #80 of 3381 (permalink) Old 10-02-2018, 04:55 PM
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Re: Let's Talk About Politics! The Official Political Discussion Thread

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As for prime going up . why would prime have to go up with workers are being paid a living wage? So you are ok with a CEO making 14 million but complain if the average workers making 15 bucks an hour?

You don't even make any sense

PS if CEOs made a little less and that money went to paying its workers, your prime wouldn't have to go up in your hypothetical.
Are you not getting it the first time I said it:

I don't care about someone who couldn't cut it needing to make more money.

if you have a family, you shouldn't have a minimum wage job, period.

minimum wage jobs are built for children to get their start in, and have a family that they can depend on

Yes, i feel no remorse for the 26 year old, that is working full time at Mickey D's or entry level at Amazon, because he doesn't think he can do better.

what the CEO doesn't make a difference to me, because it aint my money anyway.

it doesn't make sense because you feel sorry for those people, well, then if you have a bleeding heart, give them your stuff, you have more than they do, so that would be just as good.

And how would my prime not go up?

Someone has to pay those workers... and then what happens when the people make 15 want a raise... because they are now making the minimum, so you raise them to 18

then what about the $18 an hour workers, so you raise them to 21

then the $21 an hour workers.. and so one and so forth.

Where does this money magically come from?

Just the CEO? Doubt it.

billionaires don't become billionaires because they like to lose money
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