Post
Topic
Board Politics & Society
Re: I can nearly pinpoint when American Capitalism started to die
by
Foxpup
on 24/12/2013, 12:24:54 UTC
So you think the top banksters who have been bailed out recently are very productive? You are right that there can be such a measure but shouldn't it be in what they did for society?
Nobody said bailouts were fair.

The US president earns something like 500k dollars a year right? That's legit because he has so much responsibility compared to the average worker. But how does that compare to a manager earning 20 million?
It doesn't compare at all. A manager's salary is determined by the free market, but a politician's isn't. If a manager earns 20 million a year, it's because a) the company wants a manager and is willing to pay that price, and b) there's a shortage other qualified people willing to do the job for less.