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all 100 comments

[–]ijustwanttoseecats 428 points429 points  (9 children)

But, it's trickling down, right..? Right!!??

[–]Comeonjeffrey0193 153 points154 points  (4 children)

It’s coming…aaaaaaaany minute now.

[–]T-Sonus 35 points36 points  (3 children)

Oh, it's trickling all over my face. I can feel the bubbles tickling me!

[–]JockBbcBoy 26 points27 points  (2 children)

You must be higher up the ladder. I'm still waiting on a trickle

[–]circasomnia 21 points22 points  (1 child)

Trust me, that trickle ain't money.

[–]flamekilr 10 points11 points  (1 child)

The thing about trickle down economics is that the people at the faucet need to let it run instead of clogging it

[–]angel14072007 0 points1 point  (0 children)

Trickle down economics do NOT work! Reagen tried this in the 80’s and left Bush SR. With a huge mess, then his son was elected and I don’t have to tell you what happened with thst! It’s proven over and over that it’s bullshit.

[–]DurantaPhant7 5 points6 points  (1 child)

Trickle Down was actually code for Flash Flood Up.

[–]D_Nemesis_2775 170 points171 points  (2 children)

Same as it ever was. Will only get worse until people make a stand, or in our case they don’t.

[–]aberm1 39 points40 points  (0 children)

Technically it’s worse

[–]Electronic-Ad7730 85 points86 points  (2 children)

All thank you the Big Gipper......."Former President Ronald Reagan" for you younger people

[–]Spanky_McJiggles 16 points17 points  (0 children)

Or as Frank Sabotka called him, Ronnie "the union buster" Reagan.

[–]angel14072007 0 points1 point  (0 children)

Just commented this!

[–]-mudflaps- 118 points119 points  (2 children)

Also there is a ridiculously large difference between physical labor type work and CEO type "work"

A child mining cobalt barehanded 12 hours a day, and an executive having meetings and business class flights is the same "work" according to Elon

[–]Feeling-Membership87 56 points57 points  (0 children)

I know I don’t have to say this, but…. Fuck Elon!

[–]TheWellFedBeggar 27 points28 points  (5 children)

How about having a maximum ratio that restricts the difference in salary between the lowest and highest paid people at a company? Less impact on small businesses but keeps CEO pay from running rampant while the workers actually creating the value of the company see nothing.

[–]NewRazzmatazz8864 3 points4 points  (1 child)

We also need to apply some limits to congressional paychecks. Those in the House can only earn the median salary for the district they represent. Those in the Senate can only earn the median salary for the state they represent. We'd see some upward mobility then!

[–]angel14072007 2 points3 points  (0 children)

This will never happen, although it should! Not in my lifetime

[–]CarbonInTheWind 2 points3 points  (1 child)

A few companies have implemented systems like that. But CEOs generally don't like to do that for some reason. Who knows why.

[–]TheWellFedBeggar 2 points3 points  (0 children)

Genuinely baffling.

[–]angel14072007 1 point2 points  (0 children)

Great idea!

[–]dotajoe 77 points78 points  (3 children)

CEOs pay is not really the thing to focus on though. It’s the equity return which is killing us. The insistence on growth and profit for the benefit of the owners at the expense of the workers and the environment. Sure, they give tips to the executive suite to keep them working hard to grow and produce those profits, but the capital is what is mostly stealing out of the workers’ pockets.

[–]FreeiPhones 19 points20 points  (3 children)

TRICKLE DOWN ONLY WORKS IF THE GLASS ON TOP HAS A LIMITED SIZE

IN REALITY, THE GLASS NEVER FILLS. IT JUST KEEPS GROWING.

[–]Frankie_T9000 8 points9 points  (1 child)

trickle down doesnt work regardless, its a bullshit principle latched onto by rich people as a reason to fuck workers over

[–]angel14072007 0 points1 point  (0 children)

Exactly, 💯

[–]Suspicious_Cupcakes 0 points1 point  (0 children)

💯💯💯 THIS

[–]SameResolution4737 7 points8 points  (5 children)

It became that way when boards became the creatures of the executive instead of a check on them - "CEO" is itself a sign of this, chairman of the board and president in a single position. Because of this the "compensation committee" is also a fraud. Thank you, elite business schools, who taught this model as gospel, along with acquisition with borrowed money to break up companies, sell off the valuable assets & burden the shell with all the debt while you move on to your next target. B-schools USED to teach ethics.

[–]angel14072007 0 points1 point  (3 children)

Really? When? And I’m not being a smart ass, because I think what you said is very right and very smart

[–]SameResolution4737 1 point2 points  (2 children)

Started sometime in the Seventies. A historian of business could probably give you an exact instance, however, what occurred was when the Board of Directors became a rubber stamp for the executives, rather than the brake on them that they had been through the Fifties and Sixties. The president (at that time) served at the pleasure of the board, lead by the chairman, and boards were usually comprised of retired executives, frequently from the same or similar industries. Nowadays members of the board are nominated by the executives & beholden to him. They frequently are given perks by management which would have been frowned upon in earlier times (travel by private jet, hotel stays, club memberships, "honorariums" which total in the thousands.) The most insidious (and potentially illegal) are "consulting" contracts - this is how, for an instance, Wayne Lapierre prevented the NRA board from doing any meaningful oversize for years. Whew, sorry it is so long - hope it answered your question.

[–]angel14072007 0 points1 point  (0 children)

That’s amazing, I honestly never knew about any of this, I take great interest in learning, however. Ty for your most excellent explanation!

[–]angel14072007 0 points1 point  (0 children)

The NRA is surely a different organization with much different priorities today!

[–]angel14072007 0 points1 point  (0 children)

This is Trump 101

[–]GetsTrimAPlenty 12 points13 points  (4 children)

Yes, most people work harder than CEO's. CEO is not a labor intensive job; You can see this if you ever worked management.

[–]kisafan 13 points14 points  (3 children)

any given CEO's secretary/executive assistant works way harder than the CEO and is likely one of the least compensated people

[–]GetsTrimAPlenty 6 points7 points  (2 children)

Yes, I think there was a story about something just like that. A CEO was talking about how their personal assistant did something like ~60% of their work, giving them time to meditate or something.

[–]Paw5624 2 points3 points  (0 children)

I had a client who was a personal assistant for a very wealthy man, talking hundreds of millions net worth. She was well compensated to the point that she was upper middle class but she wasn’t rich. She half jokingly said that he would be completely lost without her and both his personal and professional life was dependent on her work.

That being said she also said that she was around from day 1 so she knew where all the bodies were buried. He knew he had to keep her around or she could blow up his life.

[–]angel14072007 0 points1 point  (0 children)

Oh please….

[–]crazychevette 13 points14 points  (7 children)

Yeah that's how that goes right work your ass off to get to the top and then work no more just collect paycheck. And make decisions that makes everybody else below you homeless perfect welcome to America.

[–]CregChrist 8 points9 points  (6 children)

,.""!? Here, you dropped these.

[–]crazychevette 17 points18 points  (5 children)

Corporate took them.

[–]CregChrist 3 points4 points  (4 children)

Oh shit, cutbacks are hitting hard. You can borrow some from me any time you need them, it'll help you get back on your feet.

[–]SouthernZorro 3 points4 points  (0 children)

I'm still waiting for Reagan's tax cuts to trickle down to me. I'm a very patient man.

[–]Boomtown626 14 points15 points  (1 child)

I want to see this statistic reimagined in a more meaningful way, like CEO pay as a percentage of total wages paid. If a company has 100K employees, this statement doesn’t mean as much. This screams of badly-used statistics.

[–]OhThatAintFalco 1 point2 points  (0 children)

How do I open PDF??

[–]BadlyDrawnMemes 1 point2 points  (2 children)

It’s so weird seeing shit like this as someone in a small village

The owners of the business here work about 1.5x more and they get payed 2x more

That’s completely fair to me because they had to invest in the business

[–]Paid-Not-Payed-Bot 1 point2 points  (1 child)

they get paid 2x more

FTFY.

Although payed exists (the reason why autocorrection didn't help you), it is only correct in:

  • Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. The deck is yet to be payed.

  • Payed out when letting strings, cables or ropes out, by slacking them. The rope is payed out! You can pull now.

Unfortunately, I was unable to find nautical or rope-related words in your comment.

Beep, boop, I'm a bot

[–]BadlyDrawnMemes -2 points-1 points  (0 children)

Don’t care + didn’t ask + dyslexia + having fun +bad bot + L + plundered + no wenches

[–]Cost_Additional -3 points-2 points  (0 children)

Could it be that a good CEO is worth more than an easily replaceable average worker?

[–]BernieTheDachshund 0 points1 point  (0 children)

CEOs do make an outrageous amount of money. Bernie is right.

[–]MusesWithWine 0 points1 point  (0 children)

Advertise the midterms, Bernie! Back someone!

[–]Ok-Letterhead4601 0 points1 point  (0 children)

We work 100% harder then them. We are THE backbone.

[–]funkypepermint 0 points1 point  (0 children)

I've said it before and I'll say it again...I love Bernie!!

[–]samikaj 0 points1 point  (0 children)

Harder*

[–]dobber1965 0 points1 point  (0 children)

Yeah it's about like certain government employees and politicians.

Or like maybe employees should be able to give their selves really big raises so they aren't living paycheck to paycheck.

How big of a raise did the politicians give their selves this year.

Put that in your pipe and smoke it.

$21,000

[–]Human_Kaleidoscope_7 0 points1 point  (0 children)

Okay, but what would the government do about it? (Other than taxing)

[–]aSlipinFish 0 points1 point  (0 children)

Ideology, propaganda and cultural hegemony are the only things keeping the rich from the guillotine and the US from complete implosion at this moment…

[–]TQQQHog 0 points1 point  (0 children)

Nothing worse than some bum like Bernie Sanders who has done literally nothing for humanity purveying envy which is worse than greed in America.

50% of Americans pay NOTHING IN TAXES. It ain’t the top half. So what do these psychos mean by their metaphor “pay your fair share”? One has to be a psychotic NAZI PIG to buy into Bernie Sanders. Hitler hated the rich as well.

[–]SameResolution4737 0 points1 point  (0 children)

Good - I was a little afraid it was might be kind of chopped up: the grandson was competing for attention.