A Comment About

In Praise of Capitalist Inequality

November 6, 2011 - 12:00 am - by Paul Hsieh
jarmo
2011-11-06 08:55:45

“What we’re concerned about is the establishment of an aristocracy with an enlarged sense of entitlement.”

“We” already have that. They are called teachers and public unions. The money CEOs make comes from the companies profits, and has nothing to do with how the stock is performing. If it’s a private company, not subsidized by the government, why should you care?

“….if a CEO collects a multi-million dollar salary while his stock price circles the drain we hand him a bonus.”

“We” don’t hand him anything. The company does. And the reason taxpayers are incensed about union workers standing around doing nothing is because usually that’s being done on the taxpayer’s time and money. I don’t care whether or not union workers sleep on private company time. That only affects their bottom line, not mine, unless I buy their product.