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Re: OT politics, was [Re: Flow of keystroke messages in a UI]

From Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm>
Newsgroups alt.os.development
Subject Re: OT politics, was [Re: Flow of keystroke messages in a UI]
Date 2016-03-17 21:02 -0400
Organization Aioe.org NNTP Server
Message-ID <20160317210220.729ed0cb@_> (permalink)
References (22 earlier) <nb6ubn$49o$1@dont-email.me> <20160302215040.67194722@_> <nbdt0b$gt8$1@dont-email.me> <20160305201112.554730dc@_> <ncem6e$gag$1@dont-email.me>

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On Thu, 17 Mar 2016 16:35:12 +0000
James Harris <james.harris.1@gmail.com> wrote:

> On 06/03/2016 01:11, Rod Pemberton wrote:
> > On Sat, 5 Mar 2016 06:09:00 +0000
> > James Harris <james.harris.1@gmail.com> wrote:
> >> On 03/03/2016 02:50, Rod Pemberton wrote:  
> 

[All OT]

> >> The right-wing party (the Conservative Party) are good for the
> >> economy but, especially if in power for too long, increase the
> >> inequalities in society. Some of them who are used to a life of
> >> privilege can be incredibly out of touch, though that's not true of
> >> all of them.  
> >
> > Inequality is an inevitable outcome of capitalism.  You cannot have
> > people working to be rewarded, become wealthy, without actually
> > rewarding them.  If there are no rewards, who is going to
> > outperform?  
> 
> Accepted. I don't have a problem with company owners making money. My 
> gripe is the money paid to senior employees. IIRC in the UK when the 
> poorest in a company were paid £6,000 per annum the richest were paid 
> £120,000 - 20 times as much. That seems to me a limit. Now the
> poorest might be paid £12,000 but the richest £1,200,000. That is 100
> times as much and is much too big a discrepancy.

All salaries come out of revenues, just like profits, and costs or
rents.  To pay the men at the top outlandish salaries, they must pay
those beneath less, or substantially reduce costs, or charge more for
their company's product.  It's much easier to underpay lower level
employees.  People become desperate and take what they can get.
Many times, they are unaware the company would pay much more.  Reducing
costs is difficult without sacrificing quality.  Raising prices is
difficult, if there is any market competition.  I agree that there is no
overpaid executive who could create the amount of wealth per year
necessary to justify their pay.  But, they are usually
owner-operators.  They have an equity stake, either because they
started the company, bought in to the company, or were rewarded with
equity for performance.  So, they are usually paid well independent of
their (current) performance.  How do you incite a well paid man who
doesn't need to work for money to work hard for even more money?  You
pay him a ton of money, ... based on his performance ...  I don't see
this as a bad thing.  At least in the U.S., we all have the opportunity
to end up at the top of a company.  We can earn our way to the top, or
we can start our own company and start out at the top, or if we have
enough money earned from other sources, we can buy our way in at the
top.  I started at the bottom, made it to the middle, and would now
like to make it to the top.  Unfortunately, I was not as focused on
building wealth or starting a company as I should have been when I was
younger, although the ideas did interest me then.  No one ever taught
me or told me this.  Basically, sex, religion, and politics, along with
money, were taboo in both school and home settings.  Why "cripple" your
children by not teaching them about money?  Ditto, for the others.  So,
the journey will be much more difficult now, unless luck decides to
favor me for once, which it never has done so far.  Hard work and smart
work have been my only source of rewards.  Now, I'm depressed ...
LOL. ;-)

> The reason executive pay went up so much was not due to risk or skill
> or incentivisation. It was boards asking friends on the boards of
> other companies to suggest their salaries. They all did each other
> favours. Over time the result was that board-level pay skyrocketed
> not because of merit but because of cronyism.

I read an article which claimed, at least for the U.S., that corporate
pay shifted from a "retain-reinvest" model to a "stock-buyback" model.
In the retain-reinvest model, companies retained earnings to reinvest.
The retain their employees by reinvesting in employee's salaries.  They
retained their market by reinvesting in research and development. This
builds companies. In the stock-buyback model, companies buy stock with
their retained earnings.  This builds wealth.  Specifically, it buys
back the equity which was previously sold for capital needed for growth.
The reduction in supply of public stock increases the value of the
outstanding stock, which is mostly held in the retirement accounts of
the company's executive class who were rewarded for "performance."


Rod Pemberton

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Thread

Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-10-02 11:42 +0100
  Re: Flow of keystroke messages in a UI Bernhard Schornak <schornak@web.de> - 2015-10-02 20:43 +0200
    Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-10-04 15:23 +0100
      Re: Flow of keystroke messages in a UI Bernhard Schornak <schornak@web.de> - 2015-10-05 17:38 +0200
  Re: Flow of keystroke messages in a UI "Rod Pemberton" <boo@fasdfrewar.cdm> - 2015-10-02 17:17 -0400
    Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-10-04 16:36 +0100
      Re: Flow of keystroke messages in a UI "Rod Pemberton" <boo@fasdfrewar.cdm> - 2015-10-04 21:27 -0400
        Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-10-05 15:01 +0100
          Re: Flow of keystroke messages in a UI "Rod Pemberton" <boo@fasdfrewar.cdm> - 2015-10-05 21:57 -0400
            Re: halting Adobe Flash videos with Mozilla Firefox, was [Re: Flow of keystroke messages in a UI] "Rod Pemberton" <boo@fasdfrewar.cdm> - 2015-10-26 04:35 -0400
            Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-12-27 12:40 +0000
              Re: Flow of keystroke messages in a UI "Rod Pemberton" <boo@fasdfrewar.cdm> - 2015-12-27 15:51 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-03 12:08 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-01-03 14:55 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-13 17:58 +0000
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-15 11:32 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-01-16 03:29 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-16 13:44 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-01-16 12:55 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-16 19:55 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-01-18 07:39 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-18 22:45 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-01-19 22:28 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-27 13:27 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-01-27 17:20 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-28 11:03 +0000
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-22 17:43 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-01-23 13:17 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-27 13:42 +0000
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-04-08 09:14 +0100
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-02-14 09:56 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-02-14 09:11 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-02-14 15:58 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-02-15 05:55 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-02-15 15:57 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-02-16 05:33 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-02-24 06:16 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-02-24 18:03 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-02-28 06:25 +0000
                Re: Flow of keystroke messages in a UI "Alexei A. Frounze" <alexfrunews@gmail.com> - 2016-02-28 00:21 -0800
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-02-28 08:45 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-02-28 20:40 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-03-02 14:49 +0000
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-03-02 21:50 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-03-05 06:09 +0000
                OT politics was Re: Flow of keystroke messages in a UI "Kerr Mudd-John" <admin@127.0.0.1> - 2016-03-05 12:40 +0000
                Re: OT politics was Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-03-05 20:11 -0500
                Re: OT politics, was [Re: Flow of keystroke messages in a UI] Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-03-05 20:11 -0500
                Re: OT politics, was [Re: Flow of keystroke messages in a UI] James Harris <james.harris.1@gmail.com> - 2016-03-17 16:35 +0000
                Re: OT politics, was [Re: Flow of keystroke messages in a UI] Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-03-17 21:02 -0400
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-02-24 20:09 -0500
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-02-25 14:55 +0000
                Re: Flow of keystroke messages in a UI "Alexei A. Frounze" <alexfrunews@gmail.com> - 2016-02-16 03:56 -0800
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-02-17 04:21 -0500
                Re: Flow of keystroke messages in a UI "Alexei A. Frounze" <alexfrunews@gmail.com> - 2016-02-24 02:12 -0800
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-02-24 18:03 -0500
                Re: Flow of keystroke messages in a UI "Alexei A. Frounze" <alexfrunews@gmail.com> - 2016-02-28 02:53 -0800
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-02-28 20:15 -0500
                Re: Flow of keystroke messages in a UI "Alexei A. Frounze" <alexfrunews@gmail.com> - 2016-03-27 20:37 -0700
                Re: Flow of keystroke messages in a UI Rod Pemberton <NoHaveNotOne@bcczxcfre.cmm> - 2016-03-28 18:23 -0400
                Re: Flow of keystroke messages in a UI "Alexei A. Frounze" <alexfrunews@gmail.com> - 2016-03-27 21:10 -0700
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-15 14:34 +0000
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2016-01-15 15:10 +0000
        Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-10-05 15:39 +0100
  Re: Flow of keystroke messages in a UI "wolfgang kern" <nowhere@never.at> - 2015-10-03 12:48 +0200
    Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-10-04 17:00 +0100
      Re: Flow of keystroke messages in a UI "wolfgang kern" <nowhere@never.at> - 2015-10-04 23:32 +0200
        Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-10-05 14:05 +0100
          Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-10-05 15:17 +0100
            Re: Flow of keystroke messages in a UI "wolfgang kern" <nowhere@never.at> - 2015-10-06 10:35 +0200
              Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-10-06 16:28 +0100
                Re: Flow of keystroke messages in a UI "wolfgang kern" <nowhere@never.at> - 2015-10-06 19:14 +0200
                Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-10-06 20:02 +0100
          Re: Flow of keystroke messages in a UI "wolfgang kern" <nowhere@never.at> - 2015-10-06 10:46 +0200
            Re: Flow of keystroke messages in a UI "Rod Pemberton" <boo@fasdfrewar.cdm> - 2015-10-07 01:16 -0400
            Re: Flow of keystroke messages in a UI James Harris <james.harris.1@gmail.com> - 2015-12-27 12:50 +0000
              Re: Flow of keystroke messages in a UI "wolfgang kern" <nowhere@never.at> - 2015-12-27 23:22 +0100

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