Realist - greed, arrogance & the right 'leg up' will get you everywhere for a short while, then it all caves in...
A wages system fair for this country would include a 'salary cap', policed along the lines of the 'NRL' footy system (sounds ridiculous - think about it...). Draw the comparison yourself. No individual or family, for that matter, 'needs' more than, say, a couple of mil a year. Certainly, grade wages according to the usual criteria, but remove the ludicrous public company payments. Use the ATO with expanded powers to audit the contracts of top level managers of public corporations.
The question I ask - Is a corporations CEO worth 80 times more than the head engineer or 200 times more than a producion worker? I think not

Pleased I brightened your day Realist.Capitalism can be a drag.
I dont think you realize what it is all about yet at 24.
I've lived more than three of your lifetimes and in retirement I can spend leisure time commenting on such issues as IR reform.
I've got all the pie I need and I didn't get it for free or through the Jack system. I have a social conscience and hope to contribute my experience and knowledge for the common good.
Incidentally, use your spell checker, Howards Government are demanding a return to the three RRR's, you wouldn't do too well.The correct spelling is: Assumptions;Whinge;Capitalists;Existence;Realize;Immigrants
cheers

Realist, yeah right !
I noticed you had no answer to the C.E.O. of 1970 earning 4 times the average worker, and now earning 40 times the average worker, except to say employee's wages should be lower. I expect you to also take a pay cut along with the workers whose pay you cut...what's that you are far toooo important to take a wage cut, who do you think makes your money for you, Tinkerbell, or the Tooth Fairy? If overheads are too high, surely you must look at your own remuneration, as well as your workers. With your attitude, you may find people who work for you that can obtain work elsewhere, doing so when you cut wages, and it would serve you right, if you are 24 y.o. spoilt brat, then it just might be time you broadened your tiny mind a little, and had your first bankruptcy, they say the first is always the best, good luck, you will need it....and $59 million is still obscene for anyone to be paid per annum, most don't recieve that in a lifetime, imagine how that adds to overheads?

Realist.....is if!
I suggest you watch tonight's news to see what employees think of your dumb attitude...

Thanks for the heads up on the three R's.

I dont have time to be melancholy and correct my spelling, I write quickly and you get the point. Time is important and i ostracise myself for wasting time doing thius in the first place(did i get you mad with that melancholies!). But unlike alot of you, it is on my time, not someone elses.

By the way, I agree with your scathing comments somewhat referencing ages, with you guys impying that age being in direct proportion to wisdom therefore i know &*%$ all. I can understand your comments regarding, I do not hold much for fellow 24 year olds especially as an employer, so i understand with all your wisdom that in 99% of cases you would be right, a 24 year old knows nothing.

If I have the ability to absorb what I have by 24, and to have achieved a little it shows that I am capable enough to give my comments to a few trivial latte sipping skivvy wearers. (please excuse me, some of you who I deeply respect and are not like this!)

i am not saying i know everything, in fact, i have the intelligence to say i know nothing compared to what is out there in the world. But as an employer, a person who has worked from minimum wage not so long ago, as a younger person who will feel the longevity of these changes I have reasonable grounds to comment.

I dont care if you are three times as old as me etc, I respect your age and experience, but to attack me for being younger it makes me laugh. When you are like me that is a hurdle with many older people, until you spend 5 minutes with me and get an inferiority complex.

We need a floor but not a ceiling, whoever supoorts that has no grounds to make argument anymore. Ludicrous.

Shonga, the vitriol you spew at Realist is a measure of your blinkered thinking and your class warfare attitude.

I sure hope you do not have anything to do with young people because your attitude is warped. Telling a successful young entreprenuer you want him to go bankrupt to teach him a lesson is arguably the stupidest comment ever made on this forum.

He has set up a business which gives him money to live on, money to spend in the economy, gives Australians and a handful of people overseas a job. Not everyone expects the Government to hand them life on a platter, yet you begrudge the success of someone who is helping many people including himself.

I may not agree with him on IR, which I think some change is necessary, but your hate and jealousy of the successful is quite sad.

It is not his fault you work your a#$e off and don't have the gumption to change your situation. He has taken a risk, invested in his future probably at great cost. If you're not willing to do the same, too bad.

Keep, keeping it real Realist.

t.u.s