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The Forum > Article Comments > Nothing over a million dollars > Comments

Nothing over a million dollars : Comments

By Valerie Yule, published 14/12/2010

CEOs are paid far too much, especially when they oversee banking disasters: it is time they were reined in.

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*This is just bloody-minded ideological clap-trap.*

You are speaking for yourself here, Squeers.

*What does any individual want with more than that?*

You clearly don't have an entrepreneurial bone in your body!

Have you never had a great idea, to fix, change something that
pissed you off? Without such people, who combine great ideas
with capital, there would be no internet, there would have been
no industrial revolution, there would in fact be very little.

The Wright brothers developed planes. Edison spent a fortune
on tickering with everything. We all still benefit.

Try going farming without land or machines.

*Moreover there is nothing more divisive, socially, than this paradigm that puts such competitiveness before all else*

Sheesh, so a college kid comes up with Facebook, hundreds of millions
join and you claim its divisive! Apple creates the I-pad, tens
of millions buy it, you claim its divisive. Without capital,
Apple would still be in the garage. The world is littered with
dreamers, who dare to put their money where their mouth is and
change the world. What is divisive about that? Why should I
object?
Posted by Yabby, Tuesday, 14 December 2010 7:55:32 PM
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Yabby:
<You clearly don't have an entrepreneurial bone in your body!>

Well thank you, Yabby, that's the nicest thing you've ever said to me.
But do you know what, the Wright brothers, Edison et al didn't do it for the money.
And guess what, I'm in awe at human ingenuity! In fact I think it's limitless, or limited only by circumstance.
So do you think we're really hitting our straps now with the Ipad etc?
What couldn't we accomplish, I wonder, depending on the motivation?
But unfortunately all that creative power is geared to making a buck, limited to that rather than to actual human need, I mean need as opposed to amusement, to killing time because it's unbearable.
Just stop and think for a moment. We are just another life form indigenous to this planet, but out of all the beasties we alone have transcended nature! We use the materials at hand in the most incredible and complex ways. But what do we do with that incredible gift? We limit it, tailor it to its earning potential. What's worse is these entrepreneurs don't only exploit their own abilities, they rob the rest of their potential by seducing them with a winning but fatal formula. The vast majority run to seed in an access of excess, never knowing what it is to live creatively and fulfilled.
This sounds romantic but it is at least another way of seeing things.
Posted by Squeers, Tuesday, 14 December 2010 8:42:13 PM
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Yabby
The article was not about entrepreneurs or inventors. It was about functionaries - people who are only good at getting other people to do their work reasonably well.

Very high income for functionaries will tend to destroy the societies where their salaries are too high when compared to the incomes of those who produce real wealth.

When has the chief executive of a bank, or a speculator in derivatives, ever invented anything that brought substantial benefits to human society?

All the so called money sloshing around the financial markets is in reality worthless compared to the natural resources that have been consumed to produce those money amounts.
Posted by Foyle, Tuesday, 14 December 2010 8:59:34 PM
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*But do you know what, the Wright brothers, Edison et al didn't do it for the money.*

No Squeers, but they needed money to do it! Do you really think that
a Steve Jobs, does it for the money? These people do it for passion,
money is simply the outcome. But they need money to be creative,
to take calculated risks, etc. The bloke who builds the Tesla,
he became creative and invented Paypal. Bill Gates uses his wealth,
to help the poor around the world, in ways in which Govts have
failed. Smart, creative people, generally do it better then rooms
full of beaurocrats.

*So do you think we're really hitting our straps now with the Ipad etc?*

So how many trees will be saved, if in 10 years time, we stop printing
newspapers and download our papers onto our i-pads or similar?
You think that won't be progress or good for the environment?

*But unfortunately all that creative power is geared to making a buck*

You still don't understand what drives the mega rich, Squeers.
Most are highly passionate about what they do and commonly reinvest
it in what they are passionate about. You now have large chunks of
South American forest being preserved, because some rich guys are
buying up the land, so that humans can't stuff it completely.
That is just one example.

I've told you before, population remains the elephant in the room
and if humanity wants to survive, perhaps we should start there.
But we gloss over it and instead bash those who make more then us.
Pure envy.
Posted by Yabby, Tuesday, 14 December 2010 9:39:07 PM
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I ask you all the same question. Who really needs to earn $40k per annum?

"What does any individual want with more than that?"

The thing which motivates you to work so you can afford cars, tvs, etc is the same thing which motivates the rich.
Posted by Stezza, Tuesday, 14 December 2010 11:43:56 PM
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CEO's are warning Government of the dangers of all things sparkly, shiny and shimmery hanging around Sydney at Christmas.

Curious poor people are a risk for choking, blocking, gridlocking, cutting, shocking and even killing, says the RSPCCEO
which, on behalf of its CEO members is responsible for manipulating society into believing that obscene Pay-Increases are a democratic benefit.

The organisation's Chief is urging the NSW Government to take precautions to ensure the poor do not chew lights, break baubles or handle anything blade or string-like.

And trees!

If the poor consume trees we could find ourselves ill, with vomiting from our air-pollution, diarrhoea from our solid-wastes causing irritation and loss to our billion dollar lifestyles.

"To avoid any accidents, the best place to put these poor people is in the western suburbs and make Cronulla to Palm Beach off limits to indigents," the Board of Directors said.

"We've seen cases where poor have located and stolen whole boxes of our cash that were wrapped and sitting inside an ATM," they said .

And as dog owners will tell you, chocolate itself can be a canine killer and should be kept out of reach - along with a whole gamut of goodies often enjoyed by bin-snooping mutts.

"Don't share Christmas lunch or other human civilities with the poor," The Board warned.

And for those who love parties, it is important to ensure our indigent friends have a quiet bolt hole to go if the city is abuzz with festive activity.

"Their routine can easily be disrupted and they may become agitated or stressed and demand expensive services" the Board said.

"Make sure the poor have access to a quiet suburb where they can relax and and spend up to stimulae OUR economy. This may help to keep them calm and stave off any misbehaviour that might ensue."

At the end of the season we expect to take all these savings and roll them into our next super Pay Rises. If those in Government want their share of that remuneration trickled down to them then they must mark these directives.
Posted by KAEP, Friday, 17 December 2010 11:02:04 AM
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