President Donald J. Trump

[PB the Deplorable]

What you call economics is only one type of economic theory...

Capitalism isn't a theory, it's an explanation of how the world works when it comes to the production and distribution of goods and services.

All it is is people producing goods and services for themselves and others, and trading the excess for what others produce.  That's it.  Sometimes that means combining forces and creating a company to utilize the talents and experience of various people.  Sometimes it means filling a need someone else has, in the form of a job. 

When government tries to stifle production or trade, it goes on anyway - smuggling and the black market.


Socialism isn't really a theory, it's the heavy hand of government forcing people to do what they say instead of what individuals deem best for themselves and their families.  Of course some people benefit when goods and services are taken from others and provided free or at greatly reduced prices.  But overall, the system fails.


Wealth is created when work is done, and when goods and services are freely traded.  The more trade, the more wealth in generated.  Because everyone entering into a trade freely benefits from the trade.  The person buying the $3 loaf of bread is better off with the bread than in keeping the $3, and the baker is better off with the $3.  And everyone down the line profited and was left better off - the person providing the seeds, fertilizer, and farm machinery, the farmer, the miller, the person transporting the wheat, and the baker.

Stagnation begins when government steps in and regulates, eliminates, or taxes work and trade.  Which is why places like resource poor Hong Kong, Singapore, and Japan thrive, and many resource rich countries are impoverished.

[PB the Deplorable]

I'm nosey.

That's fine, but don't imply there is something evil going on, or the government needs to step in

[Dr. MD MD]

That's fine, but don't imply there is something evil going on, or the government needs to step in

I don't think I did. In fact, I explicitly stated that while some obscene wage discrepancy has gone on over the last couple decades that as long as that was fine with everyone financially involved in that venture it really is no one else's business.

[Metron2267]

After due observation, I am convinced that Ms. Pituitary Gland here is a Democrap troll.  She is a veritable Siri of canned leftist responses and her arrival on BG coincides suspiciously with the beginning of the Left’s  full court press to divert attention from the accelerating exposure of their crimes.  She’s just a slightly less obnoxious version of Uhura.

She seems to have been here a while, at least from join date, yet somehow she doesn't know what Keith looks like or how many women we have here.

Some things don't add up, as you seem to have twigged on to.

[Kidnostad3]

I don't think I did. In fact, I explicitly stated that while some obscene wage discrepancy has gone on over the last couple decades that as long as that was fine with everyone financially involved in that venture it really is no one else's business.

An obscene wage discrepancy occurs when the slugger free-agent you just signed for 23 mil is batting .125.

[Metron2267]

And third, it's up to the company shareholders to determine CEO pay.  CEOs have a certain skillset that is difficult to find, and there aren't enough good ones to go around.  That's why pay is so high.  Don't like it, don't invest in that company's stock.  Otherwise it really isn't anyone's business.

That's a really key point, the board ( acting for those shareholders)  is charged with these decisions, chummy and collegial as they may be. Now we know board members are also other captains of industry ergo is the fox watching several hen houses?

Yes.

That's why shareholders/investors have proxies to vote.

Not perfect accountability, but it is what it is.

[Metron2267]

Breaking News: Earlier today pud was escorted from Bellgab.

ROFLOL!

Good one.

[Dr. MD MD]

Geraldo was just on Hannity being a total sanctimonious dickwad, shouting, How dare you, sir! and then accusing Hannity of not having genuine emotions about the situation or something. :

[Metron2267]

I don't think I did. In fact, I explicitly stated that while some obscene wage discrepancy has gone on over the last couple decades that as long as that was fine with everyone financially involved in that venture it really is no one else's business.

Fair enough, it's not optimal any more than NBA and NFL salaries are.

But the overall health of the market indicates it isn't an impediment to profit, dividend, or viability.

I have yet to see a corporation identify CEO wage level as a critical component in margin or wages.

[Metron2267]

An obscene wage discrepancy occurs when the slugger free-agent you just signed for 23 mil is batting .125.

Ah Baltimore!

Something to really "crab" about...

[Metron2267]

Geraldo was just on Hannity being a total sanctimonious dickwad, shouting, How dare you, sir! and then accusing Hannity of not having genuine emotions about the situation or something. :

I have always harbored the not too secret fantasy of bare knuckle tenderizing his fatuous face.

Wotta cretin.

[starrmtn001]

https://youtu.be/YQIpMMKpGQI

[PB the Deplorable]

I don't think I did. In fact, I explicitly stated that while some obscene wage discrepancy has gone on over the last couple decades that as long as that was fine with everyone financially involved in that venture it really is no one else's business.

Oh my bad.  I interpreted the typical Democrat ''obscene wage discrepancy'' talking point to be an implied criticism

[Dr. MD MD]

Mmm! I don't know what it is but Laura Ingraham is looking extra hot these days. I think she might've got a new makeup artist or something.

[Dr. MD MD]

Oh my bad.  I interpreted the typical Democrat ''obscene wage discrepancy'' talking point to be an implied criticism

I really don't think it is leftist spin. I'm pretty sure it's based on real numbers but these days I wouldn't be surprised if it was revealed to have been fudged in some way. As far as I know the wage discrepancy has grown drastically over the last few decades.

[PB the Deplorable]

That's a really key point, the board ( acting for those shareholders)  is charged with these decisions, chummy and collegial as they may be. Now we know board members are also other captains of industry ergo is the fox watching several hen houses?

Yes.

That's why shareholders/investors have proxies to vote.

Not perfect accountability, but it is what it is.

There's always going to be politics and bullshit and unfairness.  But in the end that job has to be done.

Managing a staff of VPs and directors jockeying for position.  Dealing with shareholders and the Board.  Community relations.  Media relations.  He or she is really ultimately responsible for the success of the company - long term and short term.

He or she is ultimately responsible for the financial results and filings, marketing strategies, sales, R&D, IT, HR, everything.  He or she is the top sales person, the top lobbyist, the face of the company.  Not to mention everything else that goes on in an organization.

It's easy to find accountants, admins, trade show reps, drivers, etc, who can be hired and up to speed in no time - but not good, seasoned CEOs. 

It's really the huge companies that pay what the media tells us is excess, but to that company it's a pittance in the overall scheme of things.  They may have hundreds of thousands of employees, that's why a $10 million bonus split between a handful of people is minimal, but a $10k bonus for every employee is a huge payout.

[Kidnostad3]

She seems to have been here a while, at least from join date, yet somehow she doesn't know what Keith looks like or how many women we have here.

Some things don't add up, as you seem to have twigged on to.

Yeah, I guess I assumed she was a newbie because of her seeming lack of familiarity and didn't recall her weighing in on this thread before. 

[ItsOver]

Breaking News: Earlier today pud was escorted from Bellgab.

LOL.  Praise Liberace.  Unfortunately, he'll be back, seeking asylum.  Posing as a little kid.

[Kidnostad3]

Ah Baltimore!

Something to really "crab" about...

Yup, there's always been something very fishy about Balmer. 

[Dr. MD MD]

LOL.  Praise Liberace.  Unfortunately, he'll be back, seeking asylum.  Posing as a little kid.

Probably. Those MI6 agents can be crafty...and they have no shame.


https://m.youtube.com/watch?v=kht-2Caqk-o

[PB the Deplorable]

I really don't think it is leftist spin. I'm pretty sure it's based on real numbers but these days I wouldn't be surprised if it was revealed to have been fudged in some way. As far as I know the wage discrepancy has grown drastically over the last few decades.

What's based on real numbers?  Again, it's the business of the shareholders. 

The spin comes from a statistic developed to create envy and thoughts of unfairness.  And support for Democrats who want to ''do something'' about it.  That's why it's put out there - with no explanation of why it might be other than ''greed'', and a system off the rails. 

The numbers themselves are of course likely skewed in order to make things look even ''worse'' than the reality, as all stats from the media are, but it's the interpretation that is their narrative - the government and socialism are good, private industry and capitalism are bad

[ItsOver]

Probably. Those MI6 agents can be crafty...and they have no shame.


https://m.youtube.com/watch?v=kht-2Caqk-o

That's the key.  Zero shame.  Like all the weasels.

[Dr. MD MD]

What's based on real numbers?  Again, it's the business of the shareholders. 

The spin comes from a statistic developed to create envy and thoughts of unfairness.  And support for Democrats who want to ''do something'' about it.  That's why it's put out there - with no explanation of why it might be other than ''greed'', and a system off the rails. 

The numbers themselves are of course likely skewed in order to make things look even ''worse'' than the reality, as all stats from the media are, but it's the interpretation that is their narrative - the government and socialism are good, private industry and capitalism are bad

Could be. I just tried to google it but, unfortunately, was only met with a thousand articles about the gender wage gap. :

[Kidnostad3]

I wonder if Albrecht and Gravity Sucks know that the federal government is running a concentration camp for tots in their fair state.  I hope they're getting federal impact funds.

[Metron2267]

It's really the huge companies that pay what the media tells us is excess, but to that company it's a pittance in the overall scheme of things.  They may have hundreds of thousands of employees, that's why a $10 million bonus split between a handful of people is minimal, but a $10k bonus for every employee is a huge payout.

You totally get the scale, which is why you know that no single CEO can recapitalize a major corporation.

[Metron2267]

Yup, there's always been something very fishy about Balmer.

The ghost of Brookes Robinson is peeved...

[Metron2267]

That's the key.  Zero shame.  Like all the weasels.

Wow, Granny Shoe-mer without the specs...

That asshole!

[Jojo]

Yeah, I guess I assumed she was a newbie because of her seeming lack of familiarity and didn't recall her weighing in on this thread before. 

I previously spent most of my time in the GNS Thread and Random Topics.  I am currently inbetween jobs, with more time.  Who is Keith?  Now that I realize he is not Damon.  Suspicious minds! 

Fourteen

[FightTheFuture]

Mmm! I don't know what it is but Laura Ingraham is looking extra hot these days. I think she might've got a new makeup artist or something.

She`s 55 years old today. Not bad.

[Dr. MD MD]

She`s 55 years old today. Not bad.

Yeah, they mentioned it was her birthday. She's looking good!