Once again we are reminded how messed up and top-heavy our economy is. The Mega-Billionaires get all the Money.
Rather than whining about it, let's do something sunny & proactive. The USA needs a salary/compensation cap, set by law, that keeps those power-hungry few at the top from screwing the rest of us time after time after time. Enough is enough. Back in 1960, America had several blue-chip companies in every business field and paid it's top executives about 20 times the average wage of its workforce. Let that be the standard. The Greatest Generation Compensation Cap will protect us all from overreaching, power-hungry business savages.
Here's some facts from the link (above):
1 in 34 American wage earners in 2008 earned nothing -- zip -- in 2009, so reports David Cay Johnson on Tax.com. Average wages, median wages, and total wages have all declined -- except at the very top, where they leaped 5-fold. That's right: those at the very top multiplied their booty by 5 last year. Ka-ching!
Johnston writes that 74 leeches made over $50 million in 2009, those that remained at the top increased their income from an average of $91.2 million in 2008 to almost $519 million. (Nice job if you can get it!)
Johnston says, "That's nearly $10 million in weekly pay!... These 74 people made as much as the 19 million lowest-paid people in America, who constitute one in every eight workers."
Make no mistake, if we are ever going to turn around this country then changes must be made. It's clear that it's unwise to allow a tiny group of mega-billionaires set all the rules, purchase all the public officials, write all the laws and still expect anything approaching a good result. If you do turn it over to the Mighty Few then continue to enjoy that cereal bowl full of dog-shit that you get to eat day after day after day . . .
Let's be fair. No doubt a mega-billionaire or two will come sobbing to us saying that he/she just can't survive on only 20 times the average wage. Picture the poor creature weeping, weeping. OK, we have a heart. A person can get more than 20 times, thereby exceeding the Greatest Generation Compensation Cap, by showing beyond-a-reasonable-doubt a few performance markers set out in this poll: