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Where the Money Goes
Oct. 23rd, 2009 08:31 amFrom those notorious communist agitators at the Wall Street Journal, the latest numbers on executive compensation. It turns out that the hardworking titans of commerce and industry only take home a third of all pay in the United Stat...
Sarcasm doesn't work for this. Corporate executives make 33% of all pay in the US! ONE THIRD of ALL income in the US goes to the executives! A THIRD! $2.1 trillion out of $6.4 trillion total. The WSJ moans about how that affects Social Security, but that's the LEAST of the worries for that! AND that $2,100,000,000,000? It leaves out stock options, "interest" earned by traders, benefits, and other "creative" payment measures.
One-third of all pay in the country goes to the top executives. And it has been rising for years. Want to find out why wages are stagnant? Don't blame Mexico, or China, there's your answer, that way all that extra money can go to the execs.
And this is AFTER those executives crashed the world economy by making huge bets on real estate with all that extra money. It's not just a moral issue, it's a practical hazard to the whole economy.
Torches and pitchforks time, comrades, torches and pitchforks time.
Sarcasm doesn't work for this. Corporate executives make 33% of all pay in the US! ONE THIRD of ALL income in the US goes to the executives! A THIRD! $2.1 trillion out of $6.4 trillion total. The WSJ moans about how that affects Social Security, but that's the LEAST of the worries for that! AND that $2,100,000,000,000? It leaves out stock options, "interest" earned by traders, benefits, and other "creative" payment measures.
One-third of all pay in the country goes to the top executives. And it has been rising for years. Want to find out why wages are stagnant? Don't blame Mexico, or China, there's your answer, that way all that extra money can go to the execs.
And this is AFTER those executives crashed the world economy by making huge bets on real estate with all that extra money. It's not just a moral issue, it's a practical hazard to the whole economy.
Torches and pitchforks time, comrades, torches and pitchforks time.
