Appreciate the perspective regarding wealth. Same thing needs to happen with wages. CEO and Wall Streeter compensation is grossly disproportionate to their contributions. It’s the red cape waved at the general population, making “democratic socialism” attractive despite its history of epic failure.
Here's some proof of CEO disproportionate compensation. In 1965, the CEO-to-worker compensation ratio was roughly 20:1. Now it varies between 250:1 and 350:1. There is the old story that Henry Ford wanted to pay his workers a enough so they could buy his cars. That's all forgotten now.
Isn’t it the same old question Bill- not if but when shall all this happen??? Although somewhat prepared, as many of your readers are, more than likely you & I are if an age that we’re likely to not gonna see this great event!!!
Well Bill, when the bubble bursts, and deflation kicks in, those who have collected hard assets will sleep much better than those who didn't. Keeping a low profile will be important when this happens. There will be a lot of panic fire sales.
Appreciate the perspective regarding wealth. Same thing needs to happen with wages. CEO and Wall Streeter compensation is grossly disproportionate to their contributions. It’s the red cape waved at the general population, making “democratic socialism” attractive despite its history of epic failure.
Here's some proof of CEO disproportionate compensation. In 1965, the CEO-to-worker compensation ratio was roughly 20:1. Now it varies between 250:1 and 350:1. There is the old story that Henry Ford wanted to pay his workers a enough so they could buy his cars. That's all forgotten now.
Sadly, TRUE!
Jim
Isn’t it the same old question Bill- not if but when shall all this happen??? Although somewhat prepared, as many of your readers are, more than likely you & I are if an age that we’re likely to not gonna see this great event!!!
Well Bill, when the bubble bursts, and deflation kicks in, those who have collected hard assets will sleep much better than those who didn't. Keeping a low profile will be important when this happens. There will be a lot of panic fire sales.
Jim Marshall