The 1% work harder...

yeah...right!

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Re: The 1% work harder...

#21  Postby Darwinsbulldog » Feb 08, 2014 1:20 pm

quas wrote:Doctors and nurses often get away with medical negligence, just as CEOs often have to declare bankruptcy and start all over. I think if there is any unjustice, it is our skewed perception of value that allows an attention-whore "celebrity" without any discernible talent (including Donald Trump) to earn more than food-producing farmers.

Darwinsbulldog wrote:quas wrote:-

Lives are important. While the nurse is responsible for only 10-20 lives at a time, the CEO could have thousands of people and their families who depended on him for livelihood.


Yaabutt but the vast, vast majority of nurses actually do care for their patients. On the other hand, it is not uncommon for CEO's to announce multi-billion dollar profits and the layoffs of thousands of workers in the same breath!

So? You can announce yesterday's profits and, in light of today's rising costs, simultaneously anticipate reduction in tomorrow's production costs. How do you know for sure that's not caring? Maybe the layoff conducted resulted in more profit which could be used in more investments elsewhere (another business venture) which in turn could provide even more livelihoods than before.


Yeah, the "investment elsewhere" is the real con in this. :doh:

Take Detriot. The city was 18 billion in the red before it declared bankrupcy. Hardly anyone has a job there. The fire brigade don't put out fires.
Remember 1929? The world economy was strong-fundamentally strong. Not this futures shit they have got today. There is always this fiction that people will find new jobs. They retrain, are retrenched again, and have to retrain again. That is the lucky ones.
Very few have a steady job, which is why the GFC happened. yeah there was greed, but most of it was bad loans. Why bad loans? Because although most were employed, it was on short-term contracts. Or people doing two jobs. Or three jobs, just to pay off a mortgage. A sniff of a downturn, and virtually the whole workforce gets the sack. No body can pay mortgage, no consumer spending except essentials like foods.
I am not blaming just the corporations, because as you correctly point out, the CEO's duty is to the shareholder, and no one else. it is the system that is fucked.
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Re: The 1% work harder...

#22  Postby kennyc » Feb 08, 2014 1:32 pm

Darwinsbulldog wrote:..... the CEO's duty is to the shareholder, and no one else. it is the system that is fucked.



This is the real problem. Corporations. Corporate law.
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Re: The 1% work harder...

#23  Postby Sovereign » Feb 08, 2014 3:03 pm

kennyc wrote:
Darwinsbulldog wrote:..... the CEO's duty is to the shareholder, and no one else. it is the system that is fucked.



This is the real problem. Corporations. Corporate law.


Well for public companies anyways. Private companies, the CEO works for the board or whomever put him/her in that position.
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Re: The 1% work harder...

#24  Postby ScientificSkeptic » Feb 08, 2014 3:29 pm

If you consider racing your favorite super car around your own private race track in your back yard "work"
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Re: The 1% work harder...

#25  Postby quas » Feb 08, 2014 4:03 pm

Jef wrote:I presume you come prepared with a useful selection of examples of those doctors and nurses who have been found negligent and have yet escaped censure.

Lots of times, it's difficult to prove medical negligence and/or the patient is not willing to spend time and effort to sue. This is especially true in countries without a sue culture eg. most non-Western countries.

And, what is the relevance of CEO's declaring bankruptcy and starting over? Aside from emphasizing the complete abrogation of responsibility for their failure, that is.

Not everyone gets to be karma Houdini.

If, as a doctor, a person is so utterly hopeless that the court needs to step in, do they get to have another crack at it? And another?

Maybe, depending on circumstances.

I think if there is any unjustice, it is our skewed perception of value that allows an attention-whore "celebrity" without any discernible talent (including Donald Trump) to earn more than food-producing farmers.


I see no particular reason to lionize farmers either. A lot of them are probably entitled arseholes who have inherited vast swathes of land from some cut-throat dick of an ancestor.

The land they possess are not in urban areas, otherwise they would have sold it off to property developers. Which is why they have to work producing something that's actually valuable (food) instead of manufacturing controversies and scandals for tabloid gossip fodder.
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Re: The 1% work harder...

#26  Postby Onyx8 » Feb 08, 2014 4:11 pm

So nothing to actually back up your assertions other than more assertions then?
The problem with fantasies is you can't really insist that everyone else believes in yours, the other problem with fantasies is that most believers of fantasies eventually get around to doing exactly that.
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Re: The 1% work harder...

#27  Postby I'm With Stupid » Feb 08, 2014 5:31 pm

To be fair, people who earn 6 figure salaries generally do usually work really hard. They are typically the sort of people who live their job, are constantly on call, spend 60 hours a week in the office, sometimes spend lots of time away from their family, etc. Not that there aren't people earning far less doing the same thing. But these people aren't the super rich. The whole point of the super rich is that their earnings are very rarely linked to the amount of work they do, and the majority of them could retire and still continue to earn (if that's the right word) most of that money. There's no work involved in having shares in a major company or owning lots of property.
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Re: The 1% work harder...

#28  Postby Caper » Mar 06, 2014 11:22 pm

So. Reward hard work? Fine, but not to the extent that it gives a few people power over the rest of us - if that's not our (humans) biggest problem (other than those we can't control), then what is? And it ain't democratic.
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