cawacko
Well-known member
Who else would do it?
Inflation is getting bad!
- Thread starter Jarod
- Start date
Who else would do it?
NiftyNiblick
1960s Chick Magnet
Inequitable wealth distribution cause inflation to increase.
The top of the pyramid will bear higher prices for everything,
and that will subsequently exacerbate the inequitable wealth distribution.
I look at something as simple as baseball tickets.
In the past, the wealthy enjoyed certain sports like college football and thoroughbred racing,
but in the pre-television era, they were not that interested in professional team sports.
That was working class entertainment.
When I was in elementary school, and TV was relatively new,
the highest price baseball ticket at Fenway Park was three dollars and the bleachers were fifty cents.
I know because there were lots of day games then, and I literally walked to Fenway to watch them as a young boy.
I worshipped Ted Williams, only to find out later in life that he was a Republican!!!!
I've still kept my precious autographed ball from 1956.
TV made well-to-do people notice pro-team-sports entertainment,
and when they started buying tickets, the demand and the price both went up,
Last I saw, those three dollar tickets went for one hundred-twenty five dollars,
and I haven't even looked for several years. I'm sure that they're higher now.
In fact, they don't even print face value dollar amounts on the tickets anymore.
They're what the market will bear.
Baseball is now a TV show to the working class because they can't spend a grand on taking the family to a game, dinner, parking, etc.
Unfettered free enterprise is a religion to Americans,
even to many people who themselves suffer because of it.
The top of the pyramid will bear higher prices for everything,
and that will subsequently exacerbate the inequitable wealth distribution.
I look at something as simple as baseball tickets.
In the past, the wealthy enjoyed certain sports like college football and thoroughbred racing,
but in the pre-television era, they were not that interested in professional team sports.
That was working class entertainment.
When I was in elementary school, and TV was relatively new,
the highest price baseball ticket at Fenway Park was three dollars and the bleachers were fifty cents.
I know because there were lots of day games then, and I literally walked to Fenway to watch them as a young boy.
I worshipped Ted Williams, only to find out later in life that he was a Republican!!!!
I've still kept my precious autographed ball from 1956.
TV made well-to-do people notice pro-team-sports entertainment,
and when they started buying tickets, the demand and the price both went up,
Last I saw, those three dollar tickets went for one hundred-twenty five dollars,
and I haven't even looked for several years. I'm sure that they're higher now.
In fact, they don't even print face value dollar amounts on the tickets anymore.
They're what the market will bear.
Baseball is now a TV show to the working class because they can't spend a grand on taking the family to a game, dinner, parking, etc.
Unfettered free enterprise is a religion to Americans,
even to many people who themselves suffer because of it.
They could self regulate. Consumers could get active about it. The market might correct them some day. Lots o options.
Geeko Sportivo
Verified User
cawacko
Well-known member
Self regulate? In a market economy where there is a battle for talent companies are going to tell top talent they should accept less? Kind of goes against human nature huh?
To bring it to your field, why are there rich attorneys? As long as a person is able to put a roof over their head and food on the table why do they need to earn more than that? Attorneys don't have the charge the amounts they do.
What are consumers going to do? People b*tch about Amazon and Jeff Bezos' wealth yet still shop from them on a regular basis.
We celebrate that the stock market goes up yet don't like that firms earn high profits and don't like that senior management, whose compensation is tied to the stock performance, make a lot when the stock goes up.
It's an easy thing to complain about and can make for great virtue signaling but few want to change their behavior to deal with it.
I self regulate. I’m not as wealthy as I could be. I give after the fact discounts on my contractural rate most of the time. Depends on many factors.
cawacko
Well-known member
There's lots of books out there about how to make more money, how to approach your boss for a raise etc. Maybe you can write a book/do a lecture tour on self regulating and making less than you could and living below your means and doing less in general (travel and so forth) to help save the environment etc.
I just do what I believe is fair
cawacko
Well-known member
That's great. But your thread was about the info the liberal EPI posted on CEO pay. Just wishing companies would offer less and executive leaders would accept less goes against human nature and isn't a viable strategy. Your suggestion was what we already do, align executive compensation with shareholder interest - but it seems you don't like the results.
I did not suggest “just wishing” and I disagree it goes against human nature, humans can be generous and often share and often chose to do with less for the common good. You are just buying into what the greedy ones are selling, “heck my greed is just human nature, so leave me alone.”
Callinectes
Proud MAGA Semi-Facist
Nobody pays their “fair share” of taxes. To paraphrase that other socialist fossil Bernie sanders, I pay what the government tells me to pay, so I can keep my stuff and not go to jail.
Stop thinking in terms of a “fair share”. It’s meaningless if you can’t put a quantitative value on it, and no one here (or even in congress) has ever tried to do it. No one is really qualified to do it anyway. Do you take any deductions when you file? That includes the standard deduction. If you do, how dare you take a tax break like that!! You earned that money! You should pay taxes on it!! Did you take the EITC? Hell, you probably didn’t pay any taxes at all AND you might have gotten back even more in your “refund” than you paid all year! (BTW, the government thanks you for letting them use your refund as an interest free loan for a year…just kidding, they don’t give a rat’s ass about you as long as you pay up).
Why do you care? And exactly what are these “tax breaks for billionaires”? And you might want to consider the negative impact that higher taxes have on these billionaires (don’t get too excited, I have no sympathy for them, but I understand their reaction to a high tax environment, and it’s not a positive thing for anyone involved. They have a responsibility to their shareholders which includes those D.C. swamp creatures who write the tax laws). Did you know New York State has a program that exempts business startups from taxes for TEN YEARS? Why would they do that?
Of course I know what’s going on. I can’t think of another reason these Jurassic old bastards want to stay in the swamp for a half century or more, except that it’s so lucrative.
https://www.efile.com/tax-history-a...e history of income tax,to the modern day IRS.
Nah, let’s stay here for awhile and talk about how much better your life would be if the rich guys would just give more money to the government.
cawacko
Well-known member
Then why has CEO pay increased so much? Why haven't companies and individuals agreed for executive compensation to be less?
Geeko Sportivo
Verified User
You must have me confused with someone else. Not sure I was in the middle of any of these arguments you presented.
But thanks for sharing!
Callinectes
Proud MAGA Semi-Facist
Okay, one thing at a time. Let's see if we can jump start your other brain cell.
do you pay your "fair share of taxes", or do you pay what the government says you owe?
Geeko Sportivo
Verified User
Okay, one thing at a time. Let's see if we can jump start your other brain cell.
do you pay your "fair share of taxes", or do you pay what the government says you owe?
You are not really a school teacher are you?
No one would trust you to teach their children!
I am calling you a fucking liar!
Into the Night
Verified User
Fascism. Price controls don't work. You don't get to dictate the pay of CEO's or anybody else.
Into the Night
Verified User
Blatant lie, ya dumb lizard.
Geeko Sportivo
Verified User
Lightbringer
Loves Me Some Souls
Do you know what inflation is? Do you even Econ bro?
I have said in this forum that inflation doesn't exist. I must now clarify that statement.
In classical terms inflation is the expansion of the money pool. That's all it is and it means the economy is growing. The price of your fucking weed going up isn't inflation, that's supply and demand.
Callinectes
Proud MAGA Semi-Facist
Irrelevant to the discussion. Answer the question. I'll understand if you can't.
Oh, but they do! And my evaluations are excellent. Sleep well!
I don't care what you think of me. Just consider yourself lucky that dueling is illegal. That word is tossed around far too nonchalantly these days, and the culture is much coarser for it. Just answer the question.