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(MSN)   Cutting worker pay by 2% while raising that of CEOs by 29% is the S&P 500 way   (msn.com) divider line
    More: Fail, KFC, A&W Restaurants, CEO pay, Pizza Hut, corporate boards, cruise ship operator Carnival Corp, median compensation, snack maker Coca-Cola Co  
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714 clicks; posted to Business » on 11 May 2021 at 12:44 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



16 Comments     (+0 »)
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2021-05-11 11:59:39 AM  
So are we going to tax these CEOs appropriately?

/waiting for the republican trumper idiots to retort
 
2021-05-11 12:14:06 PM  

solokumba: So are we going to tax these CEOs appropriately?

/waiting for the republican trumper idiots to retort


Ha!

They have it good and they pay their politicians handsomely.

We are on our own. But that isn't so bad. There are way more of us than them. We just have to organize.
 
2021-05-11 12:49:32 PM  
Well, 51% out of a very specific 10% of the S&P 500.
 
2021-05-11 12:50:10 PM  

Nadie_AZ: We are on our own. But that isn't so bad. There are way more of us than them. We just have to organize.


I'm definitely with you there, but shareholder activism is difficult.
 
2021-05-11 12:51:49 PM  
And now they can't find labor to fill those positions.  Seems they farked around.
 
2021-05-11 12:56:34 PM  
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2021-05-11 1:01:28 PM  
'MURRICA :


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2021-05-11 1:02:06 PM  
Local bar and grill is now closed on Monday's because of not enough staff. I innocently asked on their FB page if they considered paying more than the tipped minimum wage to the help. When I was told they would have to raise prices if they did that, I noted that from last year to this year the price of their basic burger has gone up $2 and they decreased the size of it by 2 ounces. When other people noted that portion sizes have decreased and/or prices on almost all menu items went up the thread somehow got nuked.

tl/dr business owners are for the most part greedy shiatstains
 
2021-05-11 1:07:03 PM  
First thing that needs to happen is for all income to be lumped together in one single bucket - regardless of the source, whether it's wages, stock options, cap gains, etc.

Then levy a tax of 50% of any annual income greater than 20800x the hourly wage of the lowest-paid employee of the company, 75% of any income greater than 208000x that hourly wage, and 100% of anything above 1040000x that hourly wage.

So, if your lowest hourly wage is $15/hour, your execs are paying 50% tax on everything over $312k/year, 75% on everything over $3,120,000/year, and 100% on everything over $15,600,000/year.

Plus the regular income tax rate on all earnings up to $312k/year.
 
2021-05-11 1:09:31 PM  
It wouldn't be America without the useless  executive and investor class skimming off the top, taking the wages earned by the people actually producing and paying taxes.
 
2021-05-11 1:19:43 PM  

sinner4ever: It wouldn't be America without the useless  executive and investor class skimming off the top, taking the wages earned by the people actually producing and paying taxes.


Skimming off the top?  More like skimming nearly all of it.  And they are certainly insisting on getting to that last 10% as well.
 
2021-05-11 2:08:43 PM  

wage0048: First thing that needs to happen is for all income to be lumped together in one single bucket - regardless of the source, whether it's wages, stock options, cap gains, etc.

Then levy a tax of 50% of any annual income greater than 20800x the hourly wage of the lowest-paid employee of the company, 75% of any income greater than 208000x that hourly wage, and 100% of anything above 1040000x that hourly wage.

So, if your lowest hourly wage is $15/hour, your execs are paying 50% tax on everything over $312k/year, 75% on everything over $3,120,000/year, and 100% on everything over $15,600,000/year.

Plus the regular income tax rate on all earnings up to $312k/year.


Just make capital gains "normal" income.  And have CGs taxed as income before the subsequent disbursement through inheritance (and not kill the inheritance tax).  Because there is damn few people getting $15M/year on a W-2.
 
2021-05-11 2:55:01 PM  

wage0048: First thing that needs to happen is for all income to be lumped together in one single bucket - regardless of the source, whether it's wages, stock options, cap gains, etc.

Then levy a tax of 50% of any annual income greater than 20800x the hourly wage of the lowest-paid employee of the company, 75% of any income greater than 208000x that hourly wage, and 100% of anything above 1040000x that hourly wage.

So, if your lowest hourly wage is $15/hour, your execs are paying 50% tax on everything over $312k/year, 75% on everything over $3,120,000/year, and 100% on everything over $15,600,000/year.

Plus the regular income tax rate on all earnings up to $312k/year.


What'll happen is subcontracting.  "We don't have employees, we contract out to some other company for that.  So the "what's your lowest employee wage" question is gonna be kinda high.
 
2021-05-11 3:37:39 PM  

MadHatter500: Just make capital gains "normal" income.  And have CGs taxed as income before the subsequent disbursement through inheritance (and not kill the inheritance tax).  Because there is damn few people getting $15M/year on a W-2.


Hence my first step - lump all income to a single bucket.

zjoik: What'll happen is subcontracting.  "We don't have employees, we contract out to some other company for that.  So the "what's your lowest employee wage" question is gonna be kinda high.


Good point.  I'll amend my suggestion to peg it to the lowest federal minimum wage in effect during that calendar year.
 
2021-05-11 4:56:50 PM  

zjoik: wage0048: First thing that needs to happen is for all income to be lumped together in one single bucket - regardless of the source, whether it's wages, stock options, cap gains, etc.

Then levy a tax of 50% of any annual income greater than 20800x the hourly wage of the lowest-paid employee of the company, 75% of any income greater than 208000x that hourly wage, and 100% of anything above 1040000x that hourly wage.

So, if your lowest hourly wage is $15/hour, your execs are paying 50% tax on everything over $312k/year, 75% on everything over $3,120,000/year, and 100% on everything over $15,600,000/year.

Plus the regular income tax rate on all earnings up to $312k/year.

What'll happen is subcontracting.  "We don't have employees, we contract out to some other company for that.  So the "what's your lowest employee wage" question is gonna be kinda high.


Federalize the ABC test for determining contractor v employee.
 
2021-05-11 6:08:58 PM  
I'm just going to try and sneak this in because fark

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Lucky Louie - Free pizza
Youtube 9bGWXOKVBW0


/ waiting on the time out
 
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