Re: Biden economy prices Pacific NorthWest May 15, 2024

[Akidasar <ak@xxxxxxx>]

On Sat, 18 May 2024 02:37:40 -0000 (UTC)
Baxter <bax02_spamblock@xxxxxxxxxxx> wrote:

> T <T@invalid.invalid> wrote in news:v2920b$2j62u$1@xxxxxxxxxxxxx:
>=20
> > On 5/17/24 17:59, Ed P wrote: =20
> >>> Never could get my mind around the concept fo "corporate greed."
> >>>
> >>> You start a company, the idea is to make money, if you do well
> >>> and make a lot, all of a sudden you;re "greedy?"
> >>>
> >>> Got any stocks or mutual funds in your IRA of 401k? Do you hope
> >>> they do well and increase the balance in your account-- or do you
> >>> hope they're not "greedy?"
> >>>
> >>> Corporate greed is a foolish naive liberal mantra =F0=9F=98=89
> >>> =20
> >>=20
> >> Sure, they should make a profit, they cannot exist without it.
> >> Look at the proportions though.=C2=A0 Many of the earners of
> >> multi-million dollar wages did not start the business but take a
> >> lot from it, while the peasants working for them often get paid
> >> meager wages.=C2=A0 What is a fair ratio?=C2=A0 You can be the genius =
that
> >> started a big company, but you need the grunts doing the daily
> >> chores.=C2=A0 Pay them fairly.
> >>=20
> >> do you pay taxes?=C2=A0 Good, thanks for contributing to society.=C2=
=A0 Many
> >> big corporation pay none.
> >>=20
> >> What is the CEO pay ratio in the US?
> >> CEO versus worker pay U.S. 2022 | Statista
> >> In 2022, it was estimated that the CEO-to-worker compensation ratio
> >> was 344.3 in the United States. This indicates that, on average,
> >> CEOs received more than 344 times the annual average salary of
> >> production and nonsupervisory workers in the key industry of their
> >> firm =20
> >=20
> >=20
> > So what.  The market dictates this.  If the CEO's
> > a producing,  =20
>=20
> CEOs don't produce anything - they are takers,  It's the workers that=20
> produce the product and the wealth.=20

Then those workers obviously handle the board, accountants, legal,
distributors, transport, OSHA, etc...right dumbass?

> Worker get's paid $10/hour to=20
> produce $100/hour of product - the bulk of that other $90 goes into
> the CEO's pocket.

Meaning there are no overhaed costs of:

marketing
distribution
inventory=20
capital equipment=20
legal
regulatory
transport
raw goods
advertising
and so on...

You are - routinely- the dumbest marxist know nothing out here!