On 04/03/2019 21:23, Quadibloc wrote:
On Sunday, March 3, 2019 at 4:37:42 PM UTC-7, Chris L Peterson
wrote:
Wealth inequality and income inequality are, in themselves, at the
root of most social ills. Not being rich. Not being poor.

How can income inequality _in itself_ be a problem? Only being
excessively poor is legitimately a problem; otherwise, you're
legitimizing envy, it seems.

Because the super rich can purchase the votes of politicians to rig the
game in their favour and against the very poorest in society. The USA
excels at this - just look at your huge election budgets. Money talks.

Japan is an example of a more harmonious society where income inequality
is very much less and almost everyone claims to be middle class.

UK has followed the US lead where CEO's on remuneration committees award
each other inflation busting pay rises every year irrespective of their
companies performance. Workers get a pittance by comparison and are
being left far behind after years of austerity. A few major shareholders
have started to complain but their objections are only advisory.

https://www.theguardian.com/business...not-going-away

It is called the Dudley paradox after the chairman of BP who got a
whopping 20% pay increase after presiding over their worst year ever. He
hit his personal targets even though the company was up **** creek.

https://www.theguardian.com/commenti...ge-shareholder

Companies are being run to maximise the CEO's own income in the short
term rather than to maximise long term growth and profitability. It is
highlighted in aggressive accounting practices where targets can be
artificially met to pay out the big bonuses and auditors will sign it
off even when the company is about to go bust. Carillion is a prime
example. I doubt if anyone will be prosecuted for it

https://www.accountancyage.com/2018/...four-break-up/

UK SFO has proved singularly inept at prosecuting such cases.

--
Regards,
Martin Brown