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Originally Posted by pan6467
There is something wrong in this country and with the system when you can pay the top 1% millions upon millions and the poor SOB that works hard for 40 hours a week can barely pay his bills, can't afford a new car, and if he has kids......
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I respect your position and understand the point of view presented in your post. There are some inequities in our system of compensating people. However, my view is simple. People should be compensated based on the value they add to marketable goods and services.
If a CEO or a person like Warren Buffet as the unique ability to manage and deploy capital and in the process make billions of dollars after taxes for his company and investors, he should be paid accordingly. If a guy is being paid to hold a traffic sign at a construction site, somthing that billions of people can easily learn and do well, he should be paid based on the value of the service he is providing based on market supply and demand. if millions of people want to pay hundres of dollars to see Shaq dunk a basketball, he should be paid according to the market demand for his skill.
I think the biggest weakness in our system is related to illegal discrimination, fraud, cronyism, and government interference (rather than appropriate regulation) in the market place. I am not sure how you can measure the extent of this problem.