High ticket CEOs often complain those who object to their squeezing blood out of the nation turnip for their personal gain are simply jealous. I suppose that is true in many cases, but even if people are jealous it is understandable. It’s hard not to be jealous when the mortgage company is kicking your family to the curb – just as the CEO buys a multi-million dollar summer “cottage” in Aspen. But there are others, and I am one, who object on business grounds.
Much of the CEO’s “compensation” comes from companies that take the concept of corporations-as-people far past any original intent. Under the CEO’s direction, corporations reap record-breaking profits, even in recessions that crush those who buy their products or citizens that pay hefty taxes (which captains of industry caterwhal are breaking America’s back) to fund the profits through not insubstantial corporate welfare.
For all the talk about the value of small business, we could fund thousands of small businesses for years just on what a single multi-national gets in tax breaks in a single quarter. It’s a vicious cycle – multi-nationals take billions in taxes from just-plain-citizens to prop up corporate values to pay hefty dividends and fund expensive lobbying efforts to continue getting our money from the people who don’t live tax-free. In turn, CEOs get massive compensation to hire lawyers and accountants to make sure they get their money as tax-free as possible, and so on. This is not robbing Peter to pay Paul. This is robbing Peter and then complaining Paul wasn’t carrying enough cash for Paul to steal.