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Old 05-17-2018, 08:33 AM  
BucEyedPea BucEyedPea is offline
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Dem Rep Ellison: ‘Very Good Idea’ for Government to Regulate CEO Pay

But they're not commies or even fascists! Riiiiight!
Wednesday on Bloomberg, Rep. Keith Ellison (D-MN) said the government should “start talking about” regulating pay disparities between CEOs and the average worker....

Ellison said, “As you know, under the Dodd-Frank Financial Reform Act, it became required that the publicly traded companies would have to report the ratio between CEO pay and the median worker. It took about five years or more for the Securities Exchange Commission to create a rule. They finally did so now we have a data set of about 225 public the traded companies. We find that CEOs are paid an exorbitant amount of money’s compared workers. How bad and extreme it was really was shocking to me.”...

When asked if he is advocating government regulation, Ellison said,”I think it is a very good idea. We should start talking about it.”

Video in link with more info
http://www.breitbart.com/video/2018/...ulate-ceo-pay/

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Old 06-05-2018, 08:35 PM   #136
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Nine candidates were signed up to run for Ellison’s seat at the filing deadline 5 p.m. June 5, including six candidates filing as members of the DFL Party. Filing to run in the 5th Congressional District were Republican Bob “Again” Carney, Jr.; Republican Christopher Chamberlin; Republican Jennifer Zielinkski, DFLer Jamal Abdi Abdulahi, former Speaker of the House Margaret Anderson Kelliher, of the DFL Party; Sen. Bobby Joe Champion, of the DFL Party; Frank Nelson Drake, who filed as a DFLer but who ran for the race in 2016 as a Republican; Rep. Ilhan Omar, of the DFL Party; and Sen. Patricia Torres Ray, of the DFL Party.
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Old 06-05-2018, 08:40 PM   #137
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Old 06-05-2018, 08:42 PM   #138
Randallflagg Randallflagg is offline
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I think the voters should decide house and senate pay...it doesnt seem we are getting our money's worth
Indeed - the tax payers SHOULD decide our "servants" pay but sadly, no.

They give themselves pay raises at 2:30 AM while most of America is sleeping after a hard day at work.

It's a damned shame - but welcome to the "Land of the Free"......
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Old 06-05-2018, 08:43 PM   #139
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Education is impossible expensive to obtain?

What horse-shit is this?

Colleges are becoming expensive because they're not subjected to any market pressures and are not held accountable for the fact that they're frequently not increasing the earning power of graduates.

Yet you can get loans and grants and if you SPEND THAT MONEY WISELY, you'll be able to pay it back.

If you spend your college years having the 'college experience' while taking soft social science classes more intent on training you to be an activist you'll be in deep shit. If you get a degree worth something, you won't.

I'm tired of people trying to blame society for their bad decisions. I mean you make points about the economy, the debt, the irresponsibility, and I'm totally with you... then you blow it up by bringing education into it.

Everyone alive today has more educational opportunities than anyone in history. Honestly, it appears they have too many with as many worthless grads as they're pumping out.
More educational opportunities if you're rich.

We've destroyed vocational education. Made no career path for small towers who want to move back from college. And education is more expensive than ever. And entry level work to pay off loans and affordable housing to live affordably in the city, which is the only place labor exists, are impossible.

The education system is an absolute mess. Our primary education is a failure thanks to teachers unions. And our secondary education is ridiculously unaffordable.
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Old 06-05-2018, 08:54 PM   #140
Randallflagg Randallflagg is offline
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More educational opportunities if you're rich.

We've destroyed vocational education. Made no career path for small towers who want to move back from college. And education is more expensive than ever. And entry level work to pay off loans and affordable housing to live affordably in the city, which is the only place labor exists, are impossible.

The education system is an absolute mess. Our primary education is a failure thanks to teachers unions. And our secondary education is ridiculously unaffordable.

I could not agree more with you. A large part of the problem was/is Obama. He INSISTED that "Every American" head off to languish in College for 4-5 years while racking up hundreds of millions (billions?) in student loan debt. Today, 90% of College students out there can't point to Portugal on a map. Damned Shame.

It has made a College education (for the most part) irrelevant.

Meanwhile, Contractors and builders can't find enough skilled workers to fill their jobs. Jobs that routinely pay upwards of $100,000 per year. Electricians, Plumbers, Carpenters, Brick Layers, Mechanics, on and on. Today? Little Johnny Snowflake doesn't know how to change a flat tire (call AAA).
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Old 06-05-2018, 09:08 PM   #141
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Indeed - the tax payers SHOULD decide our "servants" pay but sadly, no.

They give themselves pay raises at 2:30 AM while most of America is sleeping after a hard day at work.

It's a damned shame - but welcome to the "Land of the Free"......
They should be paid whatever the government determines is subsistence level.
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Old 06-11-2018, 08:54 PM   #142
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My Company gave me a Rolex GMT as a yearly bonus. Rarely ever wear it, but it is a beaut! Your Submariner looks as though it could use a trip to the service center...
When I finished my submarine quals and finished Navy dive school I actually bought a GMT master to celebrate, it made sense because of the 24-hour hand and, well, not seeing light for 90+ days at a time from time to time, but it was stolen from our first apartment in the early 90s. This one is a '72, was handed down from my father to me, it's been cleaned and synced twice, and will be cleaned-up one more time before I hand it down to one of my sons.

Again, worth every penny that's spent.
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Old 06-12-2018, 07:34 AM   #143
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More educational opportunities if you're rich.
Nonsense. This was more the case in the 1960's than right now because loans weren't an option. The socio economic background of grads is more diverse then ever.

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Originally Posted by chiefzilla1501 View Post
We've destroyed vocational education.
Huh? The earnings of vocational grads is going up. The earnings of college grads is declining. How has this been 'destroyed'?

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Made no career path for small towers who want to move back from college. And education is more expensive than ever. And entry level work to pay off loans and affordable housing to live affordably in the city, which is the only place labor exists, are impossible.
Ummm...you're kinda just asserting things. Education is more expensive because colleges aren't beholden to market pressures and aren't held accountable for the fact that they're churning out people with very little additional earning power. This is a problem with the universities themselves and the people who staff them. There's too much focus on training activists and not enough on educating people to success.

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The education system is an absolute mess. Our primary education is a failure thanks to teachers unions. And our secondary education is ridiculously unaffordable.
It's not unaffordable if you're smart. Don't go to college and spend 200K for an education that qualifies you for nothing more than a 30K per year job. There are other options than big ass super expensive universities.

IT's not that expensive to go to community college dude.

Education is an opportunity. An opportunity some of us didn't have. I have no sympathy for people who waste that opportunity.
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Old 06-12-2018, 09:05 AM   #144
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Nonsense. This was more the case in the 1960's than right now because loans weren't an option. The socio economic background of grads is more diverse then ever.
That's like saying the housing market is incredibly affordable because there are tons of subprime loans out there. Low income can get loans. But it takes a bazillion years to pay them off. Grad school? Good luck with that.

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Huh? The earnings of vocational grads is going up. The earnings of college grads is declining. How has this been 'destroyed'?
Of course vocational earnings are going up. There is demand for the labor, and not enough supply. Hence why I said we need more vocational education & training options in the market place.

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Ummm...you're kinda just asserting things. Education is more expensive because colleges aren't beholden to market pressures and aren't held accountable for the fact that they're churning out people with very little additional earning power. This is a problem with the universities themselves and the people who staff them. There's too much focus on training activists and not enough on educating people to success.

It's not unaffordable if you're smart. Don't go to college and spend 200K for an education that qualifies you for nothing more than a 30K per year job. There are other options than big ass super expensive universities.

IT's not that expensive to go to community college dude.

Education is an opportunity. An opportunity some of us didn't have. I have no sympathy for people who waste that opportunity.
Yes, there are other options for those who can't afford an education. There should be more. More vocational paths are a very good idea. But not everybody is cut out for trade labor, nor should that be a criticism.

The idea that all smart, hard-working people breakeven or even close to it is absurd. For all other professions, the deck is very stacked if you have an advanced degree. Not having a 4-year degree is a practical non-starter, especially if you want a STEM job (and for STEM jobs, most of that high-paying labor requires a grad degree). It is absurd to suggest that to be within this pool, you need to have a $200K cost of entry (not even counting the expense to pay off loans). I don't know how anyone can possibly say this system makes any sense.

Higher ed is expensive and overpriced. Period. How is this even debatable? Agreed that they're failing to train people for high earning jobs. Which I've said many times. But even if they did a good job, the cost of higher ed is so damn expensive that the minimum base income to achieve "ROI" on your education investment is insanely unreasonable.

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Old 06-12-2018, 09:45 AM   #145
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It's not unaffordable if you're smart. Don't go to college and spend 200K for an education that qualifies you for nothing more than a 30K per year job. There are other options than big ass super expensive universities.

IT's not that expensive to go to community college dude.

Education is an opportunity. An opportunity some of us didn't have. I have no sympathy for people who waste that opportunity.
So true. But the kiddos want a free pass and they will push and cry a river to try to get it.. They want big loans and forgiveness so they don't pay back, they want to take 5 years to get a 4 year degree, they don't intend to get a job while in school, and they need free time to deal with stress.
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Old 06-12-2018, 10:00 AM   #146
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So true. But the kiddos want a free pass and they will push and cry a river to try to get it.. They want big loans and forgiveness so they don't pay back, they want to take 5 years to get a 4 year degree, they don't intend to get a job while in school, and they need free time to deal with stress.
Despite what you think, this isn't even close to the entire student market. Those who do the right thing, work hard, study hard in a real trade have higher educational debts than ever before. That is an absolute fact. And there are a lot of these people out there. I know incredibly bright doctors from middle class families going into their 40's still paying off education debt. Several brilliant people who dropped their dream of grad school altogether because they couldn't afford. There is tons of excellent talent coming out of school doing the right things saddled with enormous debt. The cost of entry for the best and brightest shouldn't be this absurdly high.

Cost of education is absurdly high. Even to those who work really hard. And no, you don't have to go Bernie socialist and offer free education. But education needs to be cheaper, it needs to do a better job training for post-grad career paths, and loans need to be easier to pay off. How is this even a debate?
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Old 06-12-2018, 04:34 PM   #147
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That's like saying the housing market is incredibly affordable because there are tons of subprime loans out there. Low income can get loans. But it takes a bazillion years to pay them off. Grad school? Good luck with that.
Uhhh... How is this a response? My point was about access.

This isn't a society or government issue. Unless you want to abolish student loans in general, as they ARE the primary reason the universities are not beholden to market pressures. They're also the reason the poor have access to universities. How do you solve that conundrum? Hmmm? I agree colleges do a shit job of advancing earning potential. If they did a better job at what they're allegedly designed to do we wouldn't be having this conversation.

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Of course vocational earnings are going up. There is demand for the labor, and not enough supply. Hence why I said we need more vocational education & training options in the market place.
I dunno what you mean. There are plenty of options in the marketplace. Hell, many poor people can get grants to pay for it.

Colleges are FAILING america. Is that your position? Cos I don't view this as a problem with the market. I view it as a problem with corruption in academia. Rampant corruption.


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Yes, there are other options for those who can't afford an education. There should be more. More vocational paths are a very good idea. But not everybody is cut out for trade labor, nor should that be a criticism.
No. You CAN afford an education! How much do you think community college costs? People are MORONS about how they pay for their educations. Who's fault is that? Honestly... mostly it's the fault of our public education system which encourages kids into those life paths.

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The idea that all smart, hard-working people breakeven or even close to it is absurd. For all other professions, the deck is very stacked if you have an advanced degree. Not having a 4-year degree is a practical non-starter, especially if you want a STEM job (and for STEM jobs, most of that high-paying labor requires a grad degree). It is absurd to suggest that to be within this pool, you need to have a $200K cost of entry (not even counting the expense to pay off loans). I don't know how anyone can possibly say this system makes any sense.
Just because you're smart doesn't mean you're making good decisions. If you are poor, can't qualify for a scholarship, but STILL decide to get a loan and go to a big 4 year university where you run up tens of thousands of dollars (and possibly SIX FIGURES) of debt and FAIL to increase your earning power, you make bad decisions.

Again, you're at a high point in world history as far as access to education goes. I agree it can get better. I agree there are problems. Those problems are not market related. They're related to government, colleges, and bad decisions by individuals. Also, the internet has changed the game in regards to education. Everyone can get educated for cheap as hell, it's the paperwork that is hard to access. The degrees.

Meanwhile the gov floods our nation with low skill immigrants to run down labor wages which actively punishes those who do not obtain any post secondary education.

The government and colleges are making colleges expensive, but they're making life without post secondary education near impossible due to the large supply of unskilled labor.

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Higher ed is expensive and overpriced. Period. How is this even debatable? Agreed that they're failing to train people for high earning jobs. Which I've said many times. But even if they did a good job, the cost of higher ed is so damn expensive that the minimum base income to achieve "ROI" on your education investment is insanely unreasonable.
I agree it's overpriced. Which is because it's immune to market pressures. That should be addressed. BIG colleges are rapidly approaching the territory of being an outright scam.

I dunno man. We seem to be talking past each other if you think I'm saying big universities are not expensive. I'm saying there are other options to make a good living for yourself. Vocational training and community colleges exist and aren't obscenely expensive. You can start a labor job when you're young, learn a niche trade, and start a business.

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Old 06-12-2018, 04:57 PM   #148
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So true. But the kiddos want a free pass and they will push and cry a river to try to get it.. They want big loans and forgiveness so they don't pay back, they want to take 5 years to get a 4 year degree, they don't intend to get a job while in school, and they need free time to deal with stress.
Yeah, but who's fault is that?

Public schools tell EVERYONE to go to college. Everyone. Even if you're not cut out for it. 50% of americans have an IQ under 100. Something like 20% have an IQ under 85. That matters man. A lot. These guys are GOING to struggle in college, rack up debt, and not be able to pay it back. Even if they finish, which many of them do not.

I mean this is reality. Not everyone fails because they're lazy. A lot of people fail because they're stupid, and being stupid isn't something you earn. It's a genetic lottery. Dumb luck. It's not something that manifests when you're 25 after years of dedication. It's generally noticed when you're very young.

Stupid people rarely acknowledge they are stupid. They don't KNOW, so to them the world is just scary and unfair. I'm not really sure how to actually deal with this problem at all.

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Old 06-12-2018, 05:03 PM   #149
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Gov. needs to butt the **** out of this one. You ever been a CEO of a multi-billion dollar organization? It's hard and specialized. Very specialized.
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Old 06-12-2018, 05:08 PM   #150
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Gov. needs to butt the **** out of this one. You ever been a CEO of a multi-billion dollar organization? It's hard and specialized. Very specialized.
Not only that, but the time demands are obscene.

You're talking about people of a very specific breed. They usually sleep 4 hours or less per day and work 16 hour days at least... and they're ALWAYS on call.
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WhiteWhale has an IQ even higher than Frankie's.WhiteWhale has an IQ even higher than Frankie's.WhiteWhale has an IQ even higher than Frankie's.WhiteWhale has an IQ even higher than Frankie's.WhiteWhale has an IQ even higher than Frankie's.WhiteWhale has an IQ even higher than Frankie's.WhiteWhale has an IQ even higher than Frankie's.WhiteWhale has an IQ even higher than Frankie's.WhiteWhale has an IQ even higher than Frankie's.WhiteWhale has an IQ even higher than Frankie's.WhiteWhale has an IQ even higher than Frankie's.
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