The Biden Presidency 2021

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November 8th, 2020 at 2:22:53 PM permalink
Gandler
Member since: Aug 15, 2019
Threads: 17
Posts: 2247
Quote: AZDuffman
Government should have no say in what management makes. That is between them and the shareholders. The reason that Democrats want to make laws about it is greed.



And, the reason Republicans want less laws is because of greed.

There needs to be a balance, if companies only answer to the shareholders or owner, that would be madness....

There needs to be an equalizing force.
November 8th, 2020 at 3:12:27 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 129
Posts: 14363
Quote: Gandler
Quote: AZDuffman
Government should have no say in what management makes. That is between them and the shareholders. The reason that Democrats want to make laws about it is greed.



And, the reason Republicans want less laws is because of greed.

There needs to be a balance, if companies only answer to the shareholders or owner, that would be madness....

There needs to be an equalizing force.


No, that is what a good business does.

It is literally none of your business what the CEO of XYZ makes if you own no shares. None. And it is none of the government's business.

"Equalizing Force" seems like a code word for socialism.

My statement remains, if a person thinks CEO pay is so good they need to get a job as CEO.
The President is a fink.
November 8th, 2020 at 3:24:36 PM permalink
Gandler
Member since: Aug 15, 2019
Threads: 17
Posts: 2247
Quote: AZDuffman
Quote: Gandler
Quote: AZDuffman
Government should have no say in what management makes. That is between them and the shareholders. The reason that Democrats want to make laws about it is greed.



And, the reason Republicans want less laws is because of greed.

There needs to be a balance, if companies only answer to the shareholders or owner, that would be madness....

There needs to be an equalizing force.


No, that is what a good business does.

It is literally none of your business what the CEO of XYZ makes if you own no shares. None. And it is none of the government's business.

"Equalizing Force" seems like a code word for socialism.

My statement remains, if a person thinks CEO pay is so good they need to get a job as CEO.


If having any level of shares in a company is the minimum grounds for being eligible to have an opinion about wage controls, then I have the minimum qualifications for the majority of fortune 500 companies and probably many companies neither of us ever has heard of....

I personally prefer shopping at employee-owned companies or employee cooperatives because I think that they are more just and equitable for workers at every level (and compensation and satisfaction reports seem to back this up).

But, nevertheless, the does need to be a moderating force for minimum wage, or else companies will pay as little as possible for people to accept those positions. CEO is just one label for high level management, there are many positions that pay has been increasing far higher than the average worker over the last 30 years, you can argue because their responsibility has been increasing but that is a shallow argument....

With few exceptions (I have pointed out some) people at the top, tend to have salary increased disproportionately higher than the average worker. This is a trend for top-heavy management, which used to be something feared by unions and the general public.... But, now is praised by conservatives....


https://www.epi.org/publication/ceo-compensation-2018/
November 8th, 2020 at 3:36:32 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 24
Posts: 5619
Regardless if you are taking one of the two sides in this dispute, America is losing the export/monetary/ exhorbitant privilege of of having the world reserve currency "war".

Since at least Clintons nullifying of the Glass Stegal act, America has favored banking [as our main generator of GDP] to manufacturing. So now we have a service economy that allows banks/hedge funds to loot all the pensions and the top .001% to collect 90% of the GDP made in this country. Approve or not, that's what we have. No country that doesn't manufacture can remain the premier global super power very long. We can't even manufacture facemasks in quantity during a plague or have an election settle nearly as well as third world country's.

China is ripping us to shreds with 5G. China has invested 2 trillion dollars into 5G infrastructure, while parts of Az. don't even have 3G. Not much point in arguing about who gets the last .001%.
The last official act of any government is to loot the treasury. GW
November 8th, 2020 at 4:49:46 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 129
Posts: 14363
Quote: Gandler


If having any level of shares in a company is the minimum grounds for being eligible to have an opinion about wage controls, then I have the minimum qualifications for the majority of fortune 500 companies and probably many companies neither of us ever has heard of....


Just remember, you get "say" based on the percent you own. So your 100 shares may let you speak at the meeting, but the funds with millions of shares will outvote you if you demand the CEO be paid at a level low enough that a good CEO cannot be recruited.

Quote:
But, nevertheless, the does need to be a moderating force for minimum wage, or else companies will pay as little as possible for people to accept those positions. CEO is just one label for high level management, there are many positions that pay has been increasing far higher than the average worker over the last 30 years, you can argue because their responsibility has been increasing but that is a shallow argument....


Horse hockey. If what you say is true then companies would be paying minimum wage to everyone right now. Clearly they aren't. When you get into management you get more pay for performance than at the low levels. Then you have to divide "management" from "officer." The later must be paid far more because they take on far more risk.

If you want to make what management makes, get a management job!

What they make is none of your business and none of government's business.
The President is a fink.
November 8th, 2020 at 4:58:21 PM permalink
ams288
Member since: Apr 21, 2016
Threads: 19
Posts: 7640
Biden plans on swiftly rolling back Trump policies with a set of executive orders

Quote:
On immigration, Biden will reportedly repeal the travel ban that includes many Muslim countries and reinstate the “DREAMers” program, which allowed children of undocumented immigrants to remain in the country.

He’s also planning on reinstating dozens of environmental and business-related regulations undone by Trump and company. Biden ran on a “return to normal” platform, and normal seemingly means unraveling the Trump agenda, alongside rebuilding trust in America’s institutions.

Several of Biden’s earliest executive actions will similarly fulfill long-held campaign promises. Biden has also promised to repeal the transgender military ban on the first day of his presidency. LGBTQ activists are expecting Biden to follow through on his promise to undo all of Trump’s anti-trans policies from the last four years.


Suck it, Trumpsters.
“A straight man will not go for kids.” - AZDuffman
November 9th, 2020 at 11:20:23 AM permalink
SOOPOO
Member since: Feb 19, 2014
Threads: 19
Posts: 2884
The executive orders will come quickly and will be quite predictable. No way to comment accurately on the rest of his Presidency until we have the results of the Georgia Senate run offs. If the Democrats win both it goes one way. If the Republicans win at least one it goes the other way.
November 9th, 2020 at 11:29:59 AM permalink
terapined
Member since: Aug 6, 2014
Threads: 53
Posts: 7680
Quote: petroglyph


China is ripping us to shreds with 5G. China has invested 2 trillion dollars into 5G infrastructure, while parts of Az. don't even have 3G. Not much point in arguing about who gets the last .001%.

No kidding
I have not had phone service for a week and a 1/2
Hopefully will get phone service when I move to Tucson
Sometimes we live no particular way but our own - Grateful Dead "Eyes of the World"
November 9th, 2020 at 11:59:34 AM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 24
Posts: 5619
Quote: terapined
No kidding
I have not had phone service for a week and a 1/2
Hopefully will get phone service when I move to Tucson
I'm watching some well done home schooling/distance learning, whatever term applies? With the Az. or Ak, has had with funding for schools, the teacher dearth , with many jobs now being done from home, America is falling off the cliff as far as competitiveness in all things communication.

For America to build infrastructure for manufacturing, I think it is common consensus that the manufacturing floor is going to be robotic. Robotic sensors will operate 5G.

Our leaders are adamant about protecting aging patents for campaign contributors, while China pulls further and further ahead with technology we haven't even begun. We've also exported the knowledge and skills of at least two generations of workers. It would be hard to pull that back, especially with all the school closures.
The last official act of any government is to loot the treasury. GW
November 14th, 2020 at 4:47:29 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 129
Posts: 14363
This one just crossed my mind. Assuming the Biden win holds up as well as GOP Senate control it will be the first time in probably 100+ years that a Democrat POTUS first took office without complete control of Congress.

Also the first time since 1988 that any party POTUS did not control it all.
The President is a fink.
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