It pays to be greedy and screw your workers

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The AFL-CIO is out with their new Executive Pay Watch report – revealing that CEOs at Fortune 500 companies made on average $12 million each in 2011. They’re now getting paid 380-times more than their average worker. That’s a slight increase since 2010 – and a massive increase since 1980 – when, before Reaganomics, CEOs were paid only 42-times more than their average worker.

On top of that – CEO pay increased nearly 14% in 2011 – compared to a meager 2.8% increase in worker pay that same year. The rich are getting richer and the poor are getting poorer – creating the largest wealth inequality gap in America since right before the Stock Market crash of 1929.

And rather than doing something about it – multi-millionaire Congressman Paul Ryan and the Republicans want to make wealth inequality even worse with a $3 trillion tax cut for the nation’s Romney-rich. We can’t afford to do that – in fact, we need to be doing just the opposite. We need to roll back the Reagan tax cuts – and make the Romney-super rich pay their fair share in taxes again.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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Dec. 29, 2009 9:59 am

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Well keep voting the corporatists parties all the time who are well funded by the Federal-Reserve and then hope thing will change. NOT !!!!!!!!!!!!!!!

antikakistocrat's picture
antikakistocrat
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Apr. 18, 2012 2:41 pm

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The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

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