But I'll ask again, what bearing does a CEO's salary have on your life? It doesn't come at your expense, not in any way.
Oh a huge one in fact.
Let's go with an exemple.
Winterkorn. Ex-VW-CEO. Everybody knows what hot waters they are in...
They guy earns now as pension, a wooping 29 million per year. That's more than his salary and bonus.
How does that affect me?
Well because he can pay lawyers, audits, and consulting firms, his pension will be "invested" in foundations, sicav,... and what not, drasticly reducing the amount of tax on his income.
That reduction he gets is missing in the household of the goverment. Who pays the difference, normal tax payers, who can't pay an army of ties to get good deals.
Also hard to explain in a few months when VW will kick out employees because money.
Or how the counsil of VW still wants their million in bonuses even though VW is in so deep waters, that they actually could break the company as it is... Who will pay if those bonuses are paid? The employees that will get fired.
Let's go with an other exemple, this time a company
Let's go nuclear. You know who is realible if a Nuclear plant fails? The company that earned millions with it and got subventions from goverment (aka our tax money)?
Nah, nobody. Resulting in the goverment needing to pay for damages (aka our tax money)
Also, P&G, Amazon, Skype,.... all in Luxemburg, paying 1% tax due to rulings, where normal tax would be 28% that every butcher needs to pay. Yeah totally fair. Especially for the US as they are all US companies....
And Luxemburg, Panama, Swiss, Lichtenstein are not alone, everyone needs to get of their high horses. GErmany has Ludwigshafen, US has Delaware, ....
Or how normal citizen only get the pension of their highest rated job, but politicians stack their pensions (plus all the deductions). Totally fair.
Tomorrow Greenpeace will release a new leak on the TTIP. And it has potential. Every fear Europeans had of demolishing their hard earned rights are all proven to be justified. (Food safety proven before commercialisation, gone, instead US standard : first commercialisation, if hazard, it's pulled)
What has this to do with the thread. "Rich"/Companies influencing politics, furthering the gap.
I could get why very rich people are defending this schemes. But a normal person. I just don't get it. We are abolishing the middle class and nobody cares...
We could fill the next 100 pages on this thread alone with exemples of stuff like this.
After all the financial leaks, anyone still thinking our world of income, taxation and redistribution is fair.... Seriously?
And everyone having visited only a economic 101 course understands that the model we are in has nothing to do with good old capitalism anymore. We are in the Hypercapitalism that slowly creeped it's way in.
We can not grow every year 10%. Their are natural and logical limits, but the world we live in, we just forget about them, can our grandkids cure the mess we made...
I played in this game for about 2 year in a big global consulting firm as one of my first jobs (Panama Letter Box companies are just the tip of the iceberg). The stuff I saw made my sick everyday, till the moment I don't wanted to be part of a system anymore that profits from everyone just for the good of a few.
I now work in a family company, earn only a % of what I did before. But I am happy and can live with myself, knowing, we provide work and stability for 30 families that can live of that.