Society/Culture Why is there not a salary cap, for life?

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(All data from Top Corporate Dodgers report.)



1). 1. Bank of America CEO Brian Moynihan
Amount of federal income taxes paid in 2010? Zero. $1.9 billion tax refund.
Taxpayer Bailout from the Federal Reserve and the Treasury Department? Over $1.3 trillion.

Amount of federal income taxes Bank of America would have owed if offshore tax havens were eliminated? $2.6 billion.



2). Goldman Sachs CEO Lloyd Blankfein
Amount of federal income taxes paid in 2008? Zero. $278 million tax refund.
Taxpayer Bailout from the Federal Reserve and the Treasury Department? $824 billion.
Amount of federal income taxes Goldman Sachs would have owed if offshore tax havens were eliminated? $2.7 billion


3). JP Morgan Chase CEO James Dimon
Taxpayer Bailout from the Federal Reserve and the Treasury Department? $416 billion.
Amount of federal income taxes JP Morgan Chase would have owed if offshore tax havens were eliminated? $4.9 billion.



4). General Electric CEO Jeffrey Immelt
Amount of federal income taxes paid in 2010? Zero. $3.3 billion tax refund.
Taxpayer Bailout from the Federal Reserve? $16 billion.
Jobs Shipped Overseas? At least 25,000 since 2001.



5). Verizon CEO Lowell McAdam
Amount of federal income taxes paid in 2010? Zero. $705 million tax refund.
American Jobs Cut in 2010? In 2010, Verizon announced 13,000 job cuts, the third highest corporate layoff total that year.



6). Boeing CEO James McNerney, Jr.
Amount of federal income taxes paid in 2010? None. $124 million tax refund.
American Jobs Shipped overseas? Over 57,000.
Amount of Corporate Welfare? At least $58 billion.



7). Microsoft CEO Steve Ballmer
Amount of federal income taxes Microsoft would have owed if offshore tax havens were eliminated? $19.4 billion.



8). Honeywell International CEO David Cote
Amount of federal income taxes paid from 2008-2010? Zero. $34 million tax refund.



9). Corning CEO Wendell Weeks
Amount of federal income taxes paid from 2008-2010? Zero. $4 million tax refund.



10). Time Warner CEO Glenn Britt
Amount of federal income taxes paid in 2008? Zero. $74 million tax refund.



11). Merck CEO Kenneth Frazier
Amount of federal income taxes paid in 2009? Zero. $55 million tax refund.



12). Deere & Company CEO Samuel Allen
Amount of federal income taxes paid in 2009? Zero. $1 million tax refund.



13). Marsh & McLennan Companies CEO Brian Duperreault
Amount of federal income taxes paid in 2010? Zero. $90 million refund.

14). Qualcomm CEO Paul Jacobs
Amount of federal income taxes Qualcomm would have owed if offshore tax havens were eliminated? $4.7 billion.

15). Tenneco CEO Gregg Sherill
Amount of federal income taxes Tenneco would have owed if offshore tax havens were eliminated? $269 million.

16). Express Scripts CEO George Paz
Amount of federal income taxes Express Scripts would have owed if offshore tax havens were eliminated? $20 million.



17). Caesars Entertainment CEO Gary Loveman
Amount of federal income taxes Caesars Entertainment would have owed if offshore tax havens were eliminated? $9 million.
The big question is "Why do they get away with this?"
 
The answer to the OP is if there were a "salary cap" on earnings or asset ownership, there would be a resultant cap on effort and innovation.
Not to mention the huge cost of paying "watchdogs" over the cap to police those under the cap and the corruption which inevitably comes with that and the even more inevitable illegal payments and benefits outside the cap.
Truth be known the only person who would end up under the cap is the OP and rightly so.
 

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The answer to the OP is if there were a "salary cap" on earnings or asset ownership, there would be a resultant cap on effort and innovation.

yes, theoretically possible (

yet - the 'effort and innovation cap,' would take place only when the innovated has reached a cap of one billion dollar, or 240 million, or whatever the very high mark will be.

Not to mention the huge cost of paying "watchdogs" over the cap to police those under the cap and the corruption which inevitably comes with that and the even more inevitable illegal payments and benefits outside the cap.
Truth be known the only person who would end up under the cap is the OP and rightly so.

as opposed to the current situation?
 
vhFYnrd.jpg
 

Unmerited privilege? Sod off. I believe that generating agricultural, industrial and technological revolutions provides just privilege at society level. Much of the rest of the world's societies have benefited from these revolutions.
 
Unmerited privilege? Sod off. I believe that generating agricultural, industrial and technological revolutions provides just privilege at society level. Much of the rest of the world's societies have benefited from these revolutions.

what do you mean?

Unmerited privilege? Sod off.

as in a child with no food, should not be given food, so a billionaire does not have one less dollar in his statement?

I do agree humans have advanced somewhat. The point is - should be a cap at 1 billion or 240 million
 
Unmerited privilege means unwarranted privilege. I'm saying that western society deserve the privileges that they have due to the advances that they've made for themselves. That picture is so racist against whites to say they don't deserve the wealth that comes with their discoveries.

Most of the world's population has grown and enjoys higher utility than they otherwise would have due to western ingenuity.

That's why sod off.

I agree in an inheritance cap though. That's all.
 
Unmerited privilege means unwarranted privilege. I'm saying that western society deserve the privileges that they have due to the advances that they've made for themselves. That picture is so racist against whites to say they don't deserve the wealth that comes with their discoveries.

Most of the world's population has grown and enjoys higher utility than they otherwise would have due to western ingenuity.

That's why sod off.

I agree in an inheritance cap though. That's all.

and what process was that
 
I wasn't talking about an actual cap. I was talking about the deleterious effect a "salary cap" would have on people making an effort and being innovative.

If we can get away from policing human nature such as the inclination to love and be sexual attracted to whomever we want, then we have to do the same when it comes to wanting to do better and succeed. There's many reasons socialism is 0-for in practice.

On the other hand, people of all political persuasions should continue to put pressure on the mega-rich to fund much need charity works.
 

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I wasn't talking about an actual cap. I was talking about the deleterious effect a "salary cap" would have on people making an effort and being innovative.

On the other hand, people of all political persuasions should continue to put pressure on the mega-rich to fund much need charity works.
The mega-rich tend to make up an elite group in society who pretty much do whatever they please. They will generally only act when their peers do as well - so any outside persuasion is pretty useless. And the ones engaged in the persuading usually end up being accused of attacking tall-poppies or of having wealth envy.
 
Well, I know how personally and physically damaging being accused of tall poppy syndrome can be...

Most rich people want to make more money, and therefore need to keep making products and/or services which appeal to the masses in some way or form. So to think the many cannot positively affect the few is problematic and not terribly helpful.
 
I agree in an inheritance cap though. That's all.

Yeah because the state doesn't already steal enough of our money from us in the guise of taxes and fines.

Way to encourage people to work hard to provide for their families future.
 
yes, theoretically possible (

yet - the 'effort and innovation cap,' would take place only when the innovated has reached a cap of one billion dollar, or 240 million, or whatever the very high mark will be.



as opposed to the current situation?
LOL.
That's without a cap....
 
I wasn't talking about an actual cap. I was talking about the deleterious effect a "salary cap" would have on people making an effort and being innovative.

If we can get away from policing human nature such as the inclination to love and be sexual attracted to whomever we want, then we have to do the same when it comes to wanting to do better and succeed. There's many reasons socialism is 0-for in practice.

On the other hand, people of all political persuasions should continue to put pressure on the mega-rich to fund much need charity works.
If you taxed the mega rich properly there would be no need for charities.
 
Unmerited privilege means unwarranted privilege. I'm saying that western society deserve the privileges that they have due to the advances that they've made for themselves. That picture is so racist against whites to say they don't deserve the wealth that comes with their discoveries.

Most of the world's population has grown and enjoys higher utility than they otherwise would have due to western ingenuity.

That's why sod off.

I agree in an inheritance cap though. That's all.

I understand the words merit and privilege, am just trying to get the context to understand what you mean.

Say a baby dies, because it has no food. (Oxfam claim 18000 kids die per day, from mostly preventable causes) the baby has done nothing to deserve bread. It doesnt merit food. It has not worked for it. unmerited privilege? In an proper capitalist consumer paradigm this is indeed good caused the worlds richest thousand people should not have a salary cap, as any sort of salary or asset cap is very bad in capitalist theory as the far right understand it. Even if it only will effect one thousand, of the worlds 7 billion.

Under a pure Darwinist view or true capitalist (remember, not the current situation in the democratic so called captlaist west, if you have been paying attention, bailouts etc. ). you are entirely correct.

I am just asking it this situation right. Or fair. Or just. O moral?

Why - should there not be an asset cap? That takes money for said dying baby after a rich man have already got one billion? Why did us humans go about creating a United Nations and human right concepts (food etc.) if such ideals clash they with unmerited privilege?
 
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How bout a draft?

All the babies in the hospital are ranked according to their good looks, and the best looking babies are handed to the dumbest parents.
 

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