I have to agree with you. These people are getting huge severance packages and lots of stock options as the shareholders lose everything and the taxpayers get left holding the bag. They seem completely clueless. It doesn't occur to them not to have everything they want. The average wage is stagnant and a few people are getting rich. These aren't the owners of the means of production either. They are technically just another employee. Somehow stock owners need to take back control of their investments and find some people who will work more cheaply or are more competent or both. I don't think increasing taxes on the highest incomes helps the issue, the corporations just pay the tax for them and the stockholders are out even more. Maybe someone should start a mutual fund that only invests in companies whose executive compensation is < 20X the median salary.
|