Fair? As I asked before what rate of pay is fair? This silliness of "works hard" gets old after a while. How hard is hard? How many hours in a Gates' day? Just how hard does someone work to "earn" 50 million a year? Check out the following.
(Excerpt) Rinehart may have inherited some handsome seed money, but she now earns her own $75 million every day and a half. And she's done it by riding the soaring demand for Australia's resources, reports ABC News. (End)
http://www.dailyfinance.com/2012/05...n-the-world-how-gina-rinehart-earns-her-bill/ (Yes, this is Australia. Greed is not limited to the US.) 75 million every day and a half. 365 days divided by 2 = 182.5. 182.5 X 75 = 13687.5 million. That's $13,687,500,000 per year. Wow! Talk about working hard!
Billionaire Warren Buffett Earned $62,855,038 in 2010.....
http://www.dailyfinance.com/2011/10/12/billionaire-warren-buffett-earned-62-855-038-in-2010/
Bill gates is estimated to get $150,000 per hour.....
http://wiki.answers.com/Q/How_much_money_does_Bill_Gates_earn_per_hour
Does that dude sleep? There's hard work and then there's HARD work. Probably on amphetamines in order to work that hard.
Larry Ellison: For the fiscal year 2012 which just ended for Oracle, CEO Larry Ellison was paid $96 million. That represents a 24% increase over his 2011 income of $77.6 million
......
http://www.celebritynetworth.com/articles/celebrity/money-larry-ellison/ That would be equivelent to $46,000 an hour for an eight hour day. Maybe he works 16 hours a day. $23,000/hr seems more reasonable, don't you think?
(Excerpt) America’s current tax system forces people making $50,000 a year to pay a higher rate than hedge fund managers making $2.4 million an hour. (End)
http://thinkprogress.org/politics/2011/08/20/300236/koch-vs-buffett/?mobile=nc
What were you saying about "fairness" again?