Absolutely agree. When I taught I used to talk to the Business Studies students about 'How much money do you actually need in a year to live a very affluent lifestyle'? We worked through a Billionaires lifestyle costs - houses, staff, cars, holidays, boat, plane, day to day costs, wife's expenses, school fees, etc., Remembering that the high cost items, houses, boats and planes were already bought....The interest on a year's salary would have paid for it! Why then do these CEO's still insist on huge yearly salary increases? It is obscene!!!
It's a perfect question that everyone should ask themselves on a regular basis. A perspective check.
It certainly is....especially the wealthy, and those big earners who cannot establish a sound answer to: have they benefitted the company they work for, actually? To acquiesce to huge yearly increases in their earnings as a matter of course. It is not on. Thank you for taking the time to reply. X
Read this gem on Yahoo News... what the hell does anyone need a 9 figure income for? Hundreds of millions? Unreal!
It is sick - no one is worth yearly what they are being paid. They can't take it with them when they die; they can't possibly spend a fraction of that income; what do they do with it? Leave it to their children to waste and destroy their lives. Hey ho, 'what goes round comes round'. X
It sure does not "trickle down." lol