Also in a lot of cases even if they lose their job, they get a big payout in the form of a Golden Parachute! So heads they win and tales they still come out in good shape even if the stockholders take a bath!
Also in a lot of cases even if they lose their job, they get a big payout in the form of a Golden Parachute! So heads they win and tales they still come out in good shape even if the stockholders take a bath!
The government does not deserve the high tax rates that destroy our economy back in the day and CEO don't completely control the company with the board and stockholders able to force out bad elements (if they pay attention).
If, if? if! they are not in collusion
When did high tax rate ever destroy our economy? Low tax rates on the rich was the cause of the two greatest disasters: the great depression and the current recession. It seems that most people don't understand that great amount of excess capital leads to excessive speculation which causes a boom then a bust. Tax cuts to the rich and wage freezes to the poor are the two greatest destroyers of a nation's wealth.
This is USA and liberty to do what the f#@$# you want with your own money. They earned it and the government has no right to steal it until they changed the constitution. but steam is that you with the way you describe the economy in a messed up way....?
stewartm0205
Low marginal tax rate gave CEOs a license to steal. CEOs are more willing to risk companies future because if they win they win big and if they lose they only lose their job. Heads they win and tails the stockholder loses.