I agree, pay SKILLED laborers more, not non-skilled laborers. A person making fries should not be paid the same as someone building roads, homes, etc.
There will ALWAYS be rich and poor. There are no societies that currently exist that do not have this. Here is a great quote I found:
"Poverty exists because mankind fails to use and distribute the earth’s resources and potential income in a remotely just way. Mankind lacks the political will, not the economic means, to end the most ugly and basic ‘poverty once and for all"
I agree with this. But, because I understand that this is real, I must now make a decision for me and my family...what side of the fence do I want to stand on.
Chew on this: the politicians that most black folk claim have done the most for us or are working for us are all (mostly) millionaires.
- John F. Kennedy $124 million
- John Kerry $200 million
- Al Gore $100 million
- Hilary Clinton $100 million
- Nancy Pelosi $114 million
- Joe Biden $20 million
- Barak Obama $60 million
The richest current politician is Mark Warner (D) who has a net worth of $200 million.
Here is where it gets deep:
63 percent of Democratic voters earn less than $15,000 per year. The most recent available data shows that the average wealth of democratic senators was $13,566,333, 199.558% difference as compared to the majority of democratic voters and the average wealth of democratic congressmen was $5,700,168 a 198.95% difference as compared to the majority of democratic voters.
I wanted to share this data to demonstrate that the problem is not CEOs, it is the entire system. CEOs (and other executives) are tools that are benefiting from the system.
FYI: I am not picking on dems. The republican disparity is just as bad. I am only showing the dems because we can not allow them to trick us into thinking that they are different and are the "good guys." None of them are the good guys.
I see your point, but there is much-needed context missing. I believe there is a college hustle and black folk have been played for years. You should
NEVER send your child to college if they plan to major in anything other than STEM or ivy league MBA or law degrees.
I work with the "minority" students of our university. Every year I see way too many sociology, psychology, fashion design, music, art, communications, criminal justice, and other BS degrees from our brothers and sisters. Poor guidance and fear of a challenge are the major reasons I have seen for these decisions to choose these majors.
IT degrees are just out of date. Every IT degree should also require certification along the way. IT degrees usually, but not always, help people would are interested in management.
This is 100% false and I have to kindly disagree with this. I attend board meetings for two organizations, one is a health system the other is an academic institution. CEO packages are generally initiated by the board of directors as you correctly stated who represents the company, but in reality the shareholders/ stakeholders. The CEO does not ever submit a compensation package. This never happens. The board, usually with the help of a consulting firm such as McKinsey, BCG, Deloitte, PwC, etc.
The CEO candidate can either accept or counter the proposed package. Most accept with small changes.
The CEO's salary is based upon pay for performance regarding the company's financial success. Bonuses are linked to company performance that encourages CEOs to work harder and make better decisions for stockholders. This causes executives to behave more like owners because they have a stake in the business in the form of stock ownership.
My question is this: If you were offered a CEO position with a huge package and salary that was much larger proportionally to every other employee, would you take it or would you decline it?
I do have an agenda. I can admit this. I want my people to do more and beat the system at its own game. My agenda is simple, fix what we can. I 100% acknowledge all of the roadblocks and systemic issues that hinder our progress. Racism and capitalism are real. But, I also recognize that many of our problems are self-inflicted and we have to at least own up to our part in this mess and do what we can to improve our situations.
I agree with this. The more you earn or are able to afford, the safer your living accommodations will be. Sad truth. I do not dispute that.
Having the system "go pop" sounds good in theory, but in reality, it will be the poor and those without resources that will suffer the most.
My brother, you can go just a few miles outside of ATL and buy a home and pay less than what you would pay in rent.
View 15 photos for 12259 Cypress Way, Fayetteville, GA 30215, a 3 bed, 2 bath, 1,776 Sq. Ft. single family home built in 1993 that was last sold on 12/20/2021.
www.realtor.com
You could be in a house like this with about $5000 upfront cost, most if not all can be funded via first-time homebuyer grants and cashback from the seller. Stay in the house for 2 years while doing upgrades, sell it and buy a house close to ATL if you want while paying approximately $650-$850 per month. It is doable. We have to think outside the box.
Yeah, I hate when they re-eval my house and the property tax increase is almost 50% higher. I had to petition this a couple of times.
Regarding PMI, you can also refinance to eliminate PMI. But, if your value has gone up, getting a new appraisal would be the best option.
On a side note, property tax is another way they keep "certain" people out of certain neighborhoods. It is a dirty game out here.