Wednesday, November 09, 2011

Incomes of CEOs and incomes of The Rest of Us

eMail sent to Rep Roe and Sen Corker and Alexander,
Greed, the lack of ethics and morality have made capitalism corrupt and destructive.Yesterday I saw a report that showed the average income of Fortune 500 CEOs is $11,400,000 and the average income of everyone else is $49,994. I remember a book in the 70s or 80s entitled King Makers. It told how boards of directors assigned high salary and benefits to the chairman and CEO who inturn supported nice benefits for the members of the board. 
Rich people do not create jobs. Neither Bill Gates nor Steve Jobs were rich when they started their companies. They created a product the public could use and the rest is history. Taxes or lack of same had nothing to do with their success. Republicans and the Tea Party need to understand the longer they defend their rich friends the more they hurt themselves. The people with an income of $49,994 are a larger voter base than those with incomes averaging $11,400,000. We know it is that second group that take care of you while you are in office and when you leave.
It is well past time Republicans look out for the rest of us.

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