In today’s economy, many companies are structured to favor those at the very top, where CEOs make millions while their employees often struggle on unfair wages. When companies face rising costs, they pass them on to consumers rather than cutting back on these massive executive paychecks. Reducing CEO salaries could help offset costs, ease pressure on pricing, and create a fairer balance that rewards all employees for their hard work.
Examples of recent CEO salaries include:
Charter Communications: $89M
Royalty Pharma: $84M
Lyft: $83M
Apple: $63M
Netflix: $49M
PayPal: $41M
Let’s push for a system that values all contributions, not just those at the very top.
Why would this be a federal government function? The federal government should not be involved in any type of salary caps or minimum wage controls. The free market will decide what is right, wrong or fair. What the federal government should be involved in however, is creating an atmosphere that allows businesses to grow and new ones to start. Reduce government involvement, remove obstacles and regulations. The economy will grow, the value of the dollar(fiat currency) will increase and job opportunities will abound.
If people can’t finance basic needs, this is a problem with wide ramifications. expensive for every one.
bad health, more drug use, more crimes, more homeless… more costs for justice and incarceration… the public space unsafe and dirty…
so the government better makes sure that the basic needs of every one are met.
A free narket can exist, where clients can turn away snd just choose not to participate; if they need some products and services, this invites abuse by powerful corporations and institutions.
so, let’s say, the price of basic foods like eggs, milk, bread need to be regulated, as people must eat; on the other hand, 5 star gastronomic restaurants are left to the free market, as no one needs to eat there, but csn as well cook at home.
If you want less of something just raise taxes on it. The same goes for price caps. If you cap the price, which leads to profit, that someone can make, then less people will be inclined to be in that business. This leads to inventory shortages and less quality. Just ask any Soviet era citizen or current Cuban citizen to explain what its like to go to the grocery store.
A free market keeps everyone on the level and inspired growth, creation and innovation.
Keep the government out of the market. Historically it only leads to bad things.
Sure there’s always bad products produced, but the market works those items out. Look at the 1970’s car market. The quality of U.S. made automobiles was horrible, then Honda was introduced in the early 80’s. The cost, and dependability of a Honda was far better than what we were producing. The U.S. manufacturers needed to improve or go away.
This isnt a true capitalist nation, its suedo capitalism. The government already regulates industry, bail outs and it subsidizes some areas, like solar energy and electric cars.
Ever heard the term “too big to fail”?
Most problems with our economy is due to goverment regulation. Stock market crashes because the system needs to fix itself, usually because the government inserted itself somewhere. Then they step in and bail it out.
If my alcoholic uncle drinks all my liquor, and I replace it and put a lock on it. Should i give the key to my uncle and ask him to make sure it doesn’t happen again?
“too big to fail” is a problem of lacking regulation - not too much regulation…
A government can ask a corporation that is too big to fail to break up into several pieces, each of which might fail without putting the whole nation into peril.
which might imply, too, that the CEOs of these smaller corporations will probably make less money, than the CEO of a super big corporation… if we want to come back to the original topic.
each market needs some sort of government as a framework - even in its simplest form, people need to agree about currencies, weights, measurements - fix a date and place - create a safe place, where robbery does not happen - deal with fraud - have some sort of institution overseeing all this.
you don’t get any market without government. the point is to have sensible rules.
Correct. Which is why a bunch of men got together many years ago in Philadelphia, tossed the Articles of Conferation in the trash and created a new government, a Constitutional Republic. This allowed for more governable union. But the Constitution was written to outline and control the government not the people. No where does it give them the authority to limit salaries and compensation. The companies can be broken up, because they federal government does have the right to monitor and control interstate trade. This is why they have the right to break up (anti trust)large companies like they did with Standard Oil and Bell Telephone
defining minimal wages is not a constitutional question, but a question of laws and regulations, which are derived from the principles defined in a constitution.
The preamble says:
“We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.”
“domestic tranquility” and “promoting general welfare” are certainly two ideas that might justify using minimal wages as legal tools.
Trickle down economics, major tax breaks, federal funding to major corporations, etc. If they are going to conduct business in the United States of America, and benefit from this country and it’s people, they must pay their fair share. This is why trickle down economics was implemented. Except the CEOs would rather not comply and pocket the savings that were meant for the average worker instead. And then say there’s not enough room in the budget. But what they really mean is they would have to actually give up the money they should have in the first place. If they aren’t willing to comply, then maybe they shouldn’t get tax breaks, or other incentives.