Sunday, April 23, 2006

CEO Hiperpay Debate and Outrage

The big debate and outrage that is should not be. If laws are proper and decent.
CEO's pay and Board of Directors deaf ears from owners proposals, who are screaming for lower pay will be hear if fair laws are put in place, but politicos, specially those of the Great Oily Parties own their alligance to who they are on lease for the present time. The great corrupters group of industrialists. The Atlanta Journal Constitution has small caption on their editorial side with the title " The Robber Baron Of The Week." Something that it might help to chenge the tide of this pay abuse if more newspapers, TV, radio will start to follow suit of the AJC.

By now, most people are agreeing about CEO’s pay has taken a path of no return with an arrogant stance of super-individuals who happen to be salaried, but hey! that is not more or less than the rest of us believe how things should be. We are encourage to behave in a nationalistic environment in a Darwinian line of thought with the big eat small or else and greed is good, or once a week soul scrapping of six of sin, when it should be all the opposing sin one day and sanctified the other six.

Now, the solution to the absurdity of CEO’s pay is simple, tax all salaries equally and stop subsidizing with tax payers money the salaries of CEOs.
What I mean by that is simple. The CEO’s pay is tax deductible to the corporations and that includes the top three C’s of the company, so ultimately is a political problem, and is up to the legislators to act and the voters to demand change from their legislators.
The taxpayers actually are the ones subsidizing the salaries of the top dogs at corporations.
The solution is simple tell your elected officials to introduce legislation to eliminate this tax break and pilfering of people’s assets.
Not a complicated issue.
If options granting is the problem, make the options taxable at the present stock value to the corporation, and let the Board of Directors explain to shareholders why they are paying taxes when they can actually save the corporation money with decent competitive salaries.
Today those CEO’s salaries are indecent.
The solution to get them in line is easy, let’s get this indecent situation in line.
We all need to talk about it and if choose stand up, you can write or speak with your elected officials, tell them they should eliminate the tax break for CEO’s salaries as a corporate benefit. Get all salaries at present tax value like everybody else, and that should include options taxed at present stock value.
Not a difficult thing to do, one less tax law.

Gosh if we could eliminate around 500 laws a year instead of writing 500 laws a year.
We all should know that 95% of the laws written are to provide less than 5% of the population some economic incentive –aka wealth transfer from poor to rich- and the other 4% are patches to old laws and 1% are social laws as the Patriot Act which was not read by 99.5 of those who vote it for it.
Doing nothing and apathy brings you these situations.

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