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Old 11-10-2011, 10:34 AM   #723
CaptainCrunch
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Not that I want to sound like an evil capitalist running pig dog. But I have questions.

I get that the so called one percent should have their tax loopholes closed, I'm fine with that, even though from my understanding the wealthy in Canada pay far more taxes then the U.S for example.

But when people are talking about things like Wealth Distribution, are we talking about wage caping the top earnings in the country, because I really don't think that this is something that the government of a psuedo market economy like Canada should be involved in. And if you suddenly start talking about wage caping then why would the people that for example earn over $170,000.00 want to stay here?

On the other side, I keep hearing about bumping up wages for the so called 99%, but if you bump up the wages won't the price of consumer goods go up as well to cover that increase in payroll and taxation expenses, and wouldn't that make our goods even less competitive not only on the world market. but in our own markets that are being flooded by cheaper internation goods? Or are you mandating that the government set pricing levels?

I don't truly understand the whole idea of closing the earning gap and how it can be executed without wrecking the economy.

I think that some people are really losing perspective on the whole CEO top earners are evil and corrupt and screwing the little guy mentality. Are there bad CEO's, sure but out of all the CEO's in the country how many are completely incompetant, or corrupt, and I'm not talking the U.S. here, I'm talking Canada. I mean bottom line is if you look at the executives running the banks they are running incredibly profitable organizations, so why punish them for generating that wealth, or the CEO's that run major Oil in this country, they're generating amazing wealth and they answer not to the 99%, but to their shareholders.

There's a reason why the CEO's of the world get paid what they do, while manual laborers and entry to mid level workers get paid what they do. Wealth gap, there's also a massive skills gap and responsibility gap and that has to be addressed in any debate.

I've heard about criminally prosecuting CEO's who oversee organizations that go bankrupt for example, last time I checked being incompetant or making stupid decisions is not a criminal offense, and if it was the jail would be full of 99%ers who can't hold a job. Maybe the solution is enacting an 80% tax on golden parachute deals.

I think the only thing that you can do to close the so called wealth gap is to close tap loopholes, tax heavily on executive benefits and payouts and reduce the tax boundry on what low income people pay.

But when you have the government jumping in a trying to do wealth distribution beyond social programs all your going to do is gut the economy and chase away the people that have a higher earning level.

I just want to see how these 99%ers believe that wealth distribution should work, show me something, otherwise its just another empty mantra.
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