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Letter: America needs prosperity, not more CEO greed

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Posted: Wednesday, June 11, 2014 10:35 pm

I was amazed when I read your article about the top 10 CEOs in the country making anywhere from $37 million a year to as much as $68 million. There are millions of Americans who have lost good, high-paying jobs in this country, and they are now working two jobs to make ends meet, and they still don’t have the income that they used to have before the economy crashed and burned back in 2008. And there are millions of others who have never been able to get another job.

Instead of bailing out the banks and the insurance companies a few years ago, many economists have said how much more beneficial it would have been to have simply paid off everyone’s mortgage, and helped the middle class since they have always driven the economy in this country. But, of course, the politicians were opposed to that concept.

While millions of Americans are struggling to make a living now, these CEOs make more money than they could ever spend in 10 lifetimes. These are probably the same people who are against a raise in the minimum wage, but they think they need $50 million a year to survive!

The politicians in the past actually passed tax incentives to encourage companies to move their operations overseas, and that is why the economies of China, India and Pakistan are doing so well now, while millions of Americans remain unemployed. And the CEOs keep getting richer, because they are having their products made in foreign lands by cheap slave labor.

This country needs to come together and create jobs for the middle class in this country before we all go down the drain completely. Prosperity needs to return instead of greed.

Thelma Welsbacher


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  • Jeff Tillett posted at 5:02 pm on Sat, Jun 14, 2014.

    Jeff Tillett Posts: 557

    No. Those products could be made my american workers, at american wages, but that would cut into ceo salaries and shareholder dividends. And we can't have that now can we?

  • Ed Walters posted at 1:22 pm on Thu, Jun 12, 2014.

    the old dog Posts: 631

    Barrow: As of yesterday I thought all the fables of the bible would be done, evidently not as far as you are concerned. Though I don`t know Matthew 19:23-24 from a atomic reactor, I would ask, what did Jesus have against rich people, might be that some or all were nice folks. And for a camel to go through the eye of a needle, whoaaa must have been a big needle. Come on Simon, enough bible stories, and keep these posts to government and politics, on second though, perhaps the bible would be better. [beam]

  • Ed Walters posted at 11:59 am on Thu, Jun 12, 2014.

    the old dog Posts: 631

    The question is asked, why are products made in foreign countries, simple, they cost less to make. The letter writer would like to see the products made abroad made in this country, sorry to say, that ain`t gonna happen. Too think people in the US will work for the same pay as workers in China, and other countries where workers might make a few dollars a day, people in this country would scoff at that. I have no idea the CEO

  • Eric Barrow posted at 11:26 am on Thu, Jun 12, 2014.

    Eric Barrow Posts: 1601

    It appears Jerome, who so vehemently argued for the bible's instructions on homosexuality just yesterday has now completely forgotten his bible's teachings.

    Matthew 19:23-24
    23 Then Jesus said to his disciples, “Truly I tell you, it is hard for someone who is rich to enter the kingdom of heaven. 24 Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.”

  • Jerome Kinderman posted at 9:06 am on Thu, Jun 12, 2014.

    Jerome R Kinderman Posts: 2370

    I wonder how that would have worked: paid off everyone's mortgage. Surely the author must be kidding. While a novel idea, it's simply not realistic - it would also have been the wrong thing to do. I have to wonder though had they actually done that - would the beneficiaries of the taxpayer's largesse then become beholden to the government, or would titles to their homes be free and clear for the homeowners to have simply re-mortgaged their homes to get more money for things like vacations, cars, boats, etc., the very same things that lenders were encouraging during the housing "bubble" leading up to the fun and frolic of 2008 through even today?

    But where the author really gets me is where she's once again going after those evil companies and their CEO's for being so greedy. Sure, let's do away with greed. In a capitalistic society greed is necessary. After all, the so-called "American Dream" has different meanings for everyone. For some it is just a nice little home with a white picket fence with a modest car in the driveway. Others however take it to mean making as much as possible and then doing with that money whatever they wish.

    These CEO's, believe it or not, have a great deal of responsibility to their companies and stockholders as well as their employees. In addition, they have equal responsibility to their families and to themselves. Many have worked very hard to become educated sufficiently enough to move up the ladder of success to where their experience and skills are worth a tremendous amount of money - money that comes in the form of salaries and bonuses contractually developed between the companies and those very CEO's. Often when the stockholders are happy, those at the top enjoy more in the form of actual cash or stock options. Also, they often employ hundreds if not thousands of people who also receive salaries based upon their worth to the company - not some arbitrary "minimum wage" forced upon them by a government that has no sense of what it takes to run a company.

    In 2008, then-candidate Barack Obama promised (YES - PROMISED) that he would fix the economy through his Hope and Change system in short order. Here we are many years later and still the country's nowhere near recovered and how much more in debt are we? $16 TRILLION or so, give or take a buck or two? We have this new health care system ("ObamaCare") that was rammed down the national throat through all manner of deceit and chicanery against the will of millions of us. The borders are still wide open permitting illegal aliens to pass through with little consequence while we wait for amnesty to be passed in much the same way as the healthcare bill was and for what? More voters - Democrat voters.

    The Obama Administration has been an abject failure insofar as saving our country is concerned; of course it's probably precisely what Mr. Obama wanted from the start. He's got about two and a half years left to do his worst - get ready folks, it ain't gonna be pretty.


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