No. of Recommendations: 122
Mauser: A possible reason that "top earners and capital" are getting more of the economic pie is that they have increased their productivity faster than the lower 2/3 of the income structure.

Heh. That, of course, is the argument made by every executive compensation committee, in defence of their decisions. In the US, these compensation committees are appointed by the Chairman/CEO, producing an obvious conflict of interest. This is the essence of corporate corruption.

Similar arguments for astronomical compensation have been made by kings, emperors, and tyrants since the beginning of time.

I have noticed a certain tendency among some of the wealthy (and wannabes) to ascribe their wealth to their remarkable productivity, talent, and brains. Perhaps this belief helps them to sleep at night.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.