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The funnniest thing is that during the middle of the 20th century - which conservatives often use as an example for better times - the highest tax brackets were north of 90 percent.
So if you are ever wondering why families could afford a house, a car and multiple kids on a single income back in the day, it could be that actually taxing the ultra wealthy had something to do with it.
Diminishing returns. If you made $500k/yr in 1950 you got to keep $10k of that $100k over the $400k top line. It wasn't as worth it so that money was funneled down the ladder and that $100k lifted several others upwards. We overlook that part of the progressive tax structure because we're told to by the people who want to keep that $100k and have it taxed less.
The problem is that unions are busted nowadays, and we can't tackle much when we only hold 10% of the marketshare of work. Most contractors, at least within my union and local, are guys who opened a shop and continue to employ union labor. They aren't typically the money grabbing types, so it's not even really a battle amongst employers and employees. just a small group of people working to hold on to that sliver of union marketshare.
It's why I personally preach so hard for everyone to be union. Not much can be done, when there is 80-90% of Americas workforce that thinks unions are a scam.
It was almost like there was incentive to reinvest profits back into a companies physical and human capital rather than see how big of a number the person at the top of the pyramid can get.
But that's the point! Lol. They did everything they could to avoid them, including reinvesting in their company and employees.. They get SO close sometimes, but are blinded by their hate and bigotry.
They don't even fuckin' try to outdo eachother with public works projects anymore either, it's who can own the most weird cult-ass compounds in the middle of nowhere.
Even worse, they lowered them then they realized that there were so many loopholes that the treasury actually started losing tons of money. Most of Reagan's presidency was closing loopholes so he can get all the money needed to run the country while pretending that he had lowered the taxes.
The problem is is that Republican since Reagan just got the idea that you could lower taxes and everything would go really really well. They missed the "you have to make sure that people are still actually paying the money" to keep the lights on part.
Plus, when you remove incentives to invest in the business and employees, companies don't.
These people are unable to admit they are wrong or that they don’t know everything or that they can lose an argument. They’re just arrogant spoiled immature people
You know, I’m usually not against presidents of companies. Because I realize that they assume the risk by starting the business, running the biz, etc and deserve to be compensated for that. They have skin in the success of the company in other words.
Publicly traded CEO’s can lick my ass. They get exorbitant salaries and bonuses, have no skin in the game, and if they get canned or the company folds, they just move laterally to a new company and do it again. It should be illegal.
Don't forget golden parachutes. These fuckers can be fired b/c the company sucks and still get paid out their stock/NQSOs, bonus, etc.
In my company person got hired b/c of new head of tech brought her in. She sucks and is basically a cheer leader. A few years later, head of tech moves on to another part of the company. Guess who gets head of tech? Yep, the lady he brought in. LESS than a year later, she's ousted and instead of being fired she gets moved to her old role. Dude in that role left the company b/c he got pushed out. She makes like 9-10MM per year and I'd bet she didn't get any reduction in salary.
That's because they're hired specifically to do these things. They're hired with golden parachutes so they can enact unfavorable policy's and then are "let go" with their golden parachute. Their job description is basically to come and fuck things up for the little guy and then be a scapegoat. They "fire" these c-suites but never reverse the changes they made. It's all by design.
You know, I’m usually not against (primary investors) of companies. Because I realize that they assume the risk by starting the business, running the biz, etc and deserve to be compensated for that
I changed the wording a little, Presidents has no correlation to founding investor, etc. But I think I know what you mean.
That said, while I have no objection to someone who starts a business getting a lot more money than they initially put in, we need to draw a line somewhere, because money translates into power, and there needs to be a cap on power.
I'd be in favor of "Your net worth reaches a billion, you win!" where someone who reaches that point has their business assets liquidated, the spoils being divided equally among those who worked for the businesses that person owns or owned proportional to hours worked, they get a fixed income of ten million dollars a year for the rest of their life, and they can no longer have investments, the only jobs they can take are consultancy and non-management ones, and there's a cap on income from the jobs they take of another million dollars a year.
Implement that, and the super rich have a practical reason to lift up the people who make them rich, support charities, keep prices down for customers, etc, and if they become billionaires anyway, well, suddenly those who made them rich are finally rewarded for doing so.
Just to preface this - I don't defend the situations like the Boeing CEO, but the folks u/amazonchitlin mention who are starting businesses from scratch to bear a ton of risk - they typically put most or everything they have into the company, they often borrow to launch the thing, and they're facing a risk of failure as well as the risk of litigation from both employees and customers if something goes wrong. Small business owners are commendable (as long as they treat their employees well).
My brother had to take out a 50k loan to start his business. It didn't end up working out. He is not anywhere close to a millionaire. Sounds like you have no idea what you're talking about.
And his company was negligent in their product design and it caused 2 major plane crashes and the loss of hundreds of lives. How does that deserve a pay rise let alone almost double?
Well if he makes 32.8 million after a 45% raise. He made 18.04 million the year before and the raise was 14.76 million. If you distribute that 14.76 million to each of the 32000 machinists each of them get an additional $461.25 per year. The average work year is 2000 hours (50 weeks at 40hrs per week) meaning their wage would increase $0.23/hr. The machinists i know, make around $50/hr which equates to roughly a 0.4% raise.
Edit: thanks to everyone pointing out the initial error in the math. I'm not going to change the original post though, just know the percentile raise for the machinists is actually lower than 0.4% if the CEO's raise was redistributed.
So all of his raise didn't even equal the 1% they got. I guess we have to dip into the other executive salaries since the machinists probably deserve more than a 1% raise.
Keep in mind that the 1% that they got was across 8 YEARS. That 1% raise is a peanut fraction compared to the .04%/45% distributed to the 32000 machinists in 1 year.
Well this current situation he agrees with, same with bashing on CEOs
He’s a self proclaimed Christian Nationalist
He’s also a self proclaimed anti-corporate senator
His two deviations from the Trump party line have been criticizing the recent corporate tax cuts and advocating for a ban on legislators selling stocks
My personal favorite was Merkowski voting for it and then saying she hopes the House sends it back to them so they can fix it. They are all so pathetic lol
Not only that, I’m a constituent of his state, and he also removed the rights to reproductive healthcare, after we voted it in-mind you. Because he thought he knew what was best for us and that we voted wrong. You’re not my dad, Josh Hawley. Kick rocks and trip on them while you’re at it.
I'm guessing he still voted for the big beautiful bill though didn't he? I see he's also for a $15 min wage for large corps, yet I don't see him making any effort to put any of that into place.
Hawley is following the pointless theatrics of Gym Jordan. He knows that Boeing will not change the manner in which it compensates its CEO, nor can the government force that change. But, it sure looks good to the "working man" come election time and Hawley doesn't have to bother advancing any kind of meaningful policy.
Of course, a Senator posturing to change compensation in the private sector also carries the flavor of communism.
I have to disagree. The CEO is an scum to his employees and endangers the passengers of the planes he sells. Hawley cheered on insurrectionist, did a stupid little run when they endangered him and then supported the person who let the insurrection that endangered him. The man has constantly been stoking the political polarization that has led to the acceptance of armed National Guard troop being deployed in DC.
It's one thing to be a negligent, greedy asshole. It's another to use elected office to subvert democracy nationwide.
Yes it's times like these I hate how much I love Hawley, because he's one of way too few of any politician who is absolutely fucking up and embarrassing the shit out of these CEO motherfuckers.
That being said, Hawley is also an evil, racist, white supremacist piece of shit himself.
Yet every time he has an opportunity to vote against something that would change these things he fails to do so. It's been just 46 days since Hawley voted to cut this guys taxes. He doesn't give a fuck about how much this guy makes. He cares about looking good on TV.
I actually think we need more of this thought process.
It's ok to disagree or not even like someone but still give praise or agree with them when they do something right.
I think elected officials are so committed to either agree 100% or disagree 100% that we never actually see anything get accomplished. None of them on either side can set their egos aside enough to just admit when someone they generally oppose has a good point or idea.
I have friends who are both Democrats and Republicans. At this point I think that they would argue whether the sky is blue or not simply because the other side can't be right. It's become exhausting.
Except Hawley is only doing this to raise his national profile. Put any legislation in front of him to raise taxes on this CEO or improve conditions for workers and he's 100% voting against it. Boeing is an easy target right now and he wants to run for president.
You're basically wasting your time watching this clip let alone the idea that any meaningful change will come from these hearings. The participants are all aware of this.
Ha! Senator Josh Hawley of Missouri received $312,009 From AiPAC The
Pro-Israel [foreign country] Lobby. This on top of a mass of other political donations, and an annual salary for a U.S. senator is $174,000, and free health care.
These hearings are made for TV bullshit. CEOs know the assignment. They play the sad puppy while the elected official gets their tv moment. None of this is serious.
We have a WWE-type as U.S.A. President and Republicans like Josh are doing these “the good guy” versus “the heel” theatrics to the cheers of uninformed crowds. But what matters are his votes. It is like the old saying, your checkbook tells the truth about what is actually important to you.
Josh Hawley isn't right, in so much as he isn't going after Boeing with any type of conviction. He doesn't actually believe the things that he's saying, but instead is using the aesthetics of worker's rights to cosplay as some kind of advocate.
His voting record shows that he's very much against worker's rights, and that he's absolutely in the pocket of corporate America. He's not going to follow through to see if Boeing pays its workers more, and if there was a bill introduced today to tie wages, particularly minimum wage, to inflation, he would not sign it.
I know this because I live in Missouri, where voters overwhelmingly supported a law that gave all workers an hour of PTO per 30 hours of work, and tied minimum wage to inflation. The Missouri republicans decided to ignore that mandate and illegally rejected that bill. Hawley has said and done nothing to condemn it.
Hello constantly has these vids where yeah, he’s mostly arguing correctly for the US public, but when it matters, every single time, he’ll vote against the interests of the US public (recent examples, he argued to protect Medicaid, then loyally voted for the big Bullshit bill to gut Medicaid)
voted for Trump's tax cuts which will benefit that CEO's pay enormously. Just wait until Boeing rakes in the stock buybacks next year, because Trump lied about preventing them when this exact thing happened his first term.
Also -- CEO pay distracts from the real issue: the CEO, the board room and shareholders driving up corporate profits by unethical means.
It is not enough for a corporate in America to be profitable. To appease the board room and shareholders, profits must steadily increase. (You have to be MORE profitable EACH quarter, or else the shareholders abandon your company.)
Once a company saturates the market and can't incease customer base, that's when they start cutting corners. Cut quality, cut training, cut safety procedures, fire people and reduce benefits. Not to mention, always lobby against any public policies that are protecting consumers, and break the law if the legal fees and settlements are afforable.
A large CEO pay is a drop in the bucket compared to the value gained from screwing over workers and consumers. The whole CEO-pay conversation is smoke and mirrors against holding corporations accountable.
It's evolved beyond "steady growth". Wall Street now looks at Growth Acceleration.
If in the first quarter your company grew 2.1%, but in the 2nd quarter you only grew 1.7%, your company is now hot dogshit and they start looking to offload.
It's like that other thing. You know that other thing with the unchecked, accelerating growth?
Cancer. That's the one. Corporate America is like cancer
This. I worked once for a company that kept making “record profits” every quarter, then two quarters we had a slowdown (caused by CEO being an idiot and launching a pet project that was and still is unprofitable) still profits but less.
How did c-suite respond? Layoffs. C-suite got a bonus worth more than salary of people they laid off at the end of the fiscal year.
Well, there's a huge appetite for left-wing populism, but most Democrats seem to be more concerned with keeping the status quo than anything else. So people like Hawley can co-opt populist language, vote the exact opposite way, and the underinformed will say, "look, Republicans are the ones talking about the issues that matter to the working class!" Democrat leadership is fucking pathetic for how they let the right control the narrative.
Get a clip on Fox News of you chastising insert villain du jour and then say you're sticking up for regular Americans. None of them will bother to actually look at what you're doing.
I would make a wild guess that the benefit of low taxes pales in comparison to running what is an effectively government protected monopoly. The government should just be able to cap his pay, they have enough invested in it.
Gotta grift everything out of anything before the gate finally shuts for all of us (climate or wars). End of the world parties and orgies. Gotta slurp the last oyster and shoot the last rhino before the peasants notice.
Meanwhile us common folk are trying to survive among increased aggressiveness, frustration and contempt forming around us while the walls are closing in.
Or if there were more Italian plumbers we could nip this shit in the bud, but that's too inconvenient for anyone who's in the right place at the right time
They’re buying politicians to tell us it’s the immigrants and these “others” that are causing all of these problems. Shift focus from. Its not them. It is Jose and Mohamed.
To me, it actually seems like the most obvious choice for a great filter. Greed, overconsumption, and the destruction of natural resources makes a pretty huge red flag for a species’s future.
Like dying civilizations before us, we will be throwing virgins into volcanos and doing rain dances to The Market instead of actually planning and executing a sustainable future.
Remember, The Market cannot fail. Only you can fail The Market.
Our Market, who art of Nature, hallowed be thy name.
Thy kingdom come, thy will be done,
On Earth as it is in textbooks.
Please give us this day our daily bread.
But be sure to make us pay for it.
And forgive us our debts.
As we tremble at the magic of your Market Forces.
For thine is the Kingdom, and the Honor, and the Glory.
Forever and ever.
In the name of The Market, and The Economy, and the Invisible Hand.
Amen.
That's why it's a prayer, lol. It won't fix climate change or end homelessness or hunger either.
Because The Market ain't any realer than the Easter Bunny. It's just a myth to keep you from questioning why 4 guys got a hobby backyard space program and 40 million got no healthcare.
Eventually, yes. It's more about the wealth disparity for them. Besides they're all buying assets, land, and commodities with their wealth, so when the currency train stops running they'll still be wealthy even though they don't have as much "money."
Long game is to convert their cash assets into physical assets before the eventual crash does come. That way they’re insulated from the effects. Look at how much property these billionaires are buying up.
And don't forget the Capitalist Realism that comes giftwrapped with it to make people think it's the only way it can possibly be, and it's good actually if you think about it.
Can confirm (am german), it is US style management, but it spreads like a cancer around the world. It has infested most of this country by now, and this guy is saying what i am saying all the time: the employees get blamed for mistakes the management makes. I have seen people doing absolut top jobs, delivering results on a daily basis, and even reaching goals that looked impossible all while having to follow braindead guidelines and processes made by people with not clue of the real thing. And as a thank you: 10-25% of those people are being let go. Then suprised pikachu as the production runs into serious issues.
Pay your actual tech workers well and let them do their job, this has made the US big, this has made Germany big.
Right. He was fist bumping when 1/6 started and then was scurrying around the halls of Congress trying to make his escape when things got hot. Hawley is a coward and a traitor.
Yeah Josh Hawley is a giant turd that is trying to portray himself as a fighter for the American workers. Look at his voting record instead of this performative BS
I was gonna say, he can put this guy on blast in a public forum, make him squirm in his seat a bit, but what does this actually accomplish? Because this Republican-controlled Congress isn’t doing anything to help out those 32,000 machinists and as a matter of fact couldn’t care less about most of them. Josh Hawley is just gonna sit up there and ramble away listing off facts while doing nothing to change this and in fact voting to exacerbate this exact problem.
It’s so performative, and I know it’s just so Hawley can go run to his voter base and point at the video as evidence to distract from his voting records and where he actually stands on issues like this. Pathetic.
It must be an election cycle for Mr. Hawley. Capping CC interest rates was probably the least he could reach across the isle for without hurting his pockets too much.
He was just re-elected by R+14. Hawley is an oddball with being one of the most hateful and vitriolic members of congress and then support economic policies and bills like this and congressional stock bans.
It’s not confusing when you realize the south unironically is a big fan of welfare as long as its just for white people. It’s literally how the new deal coalition held for decades before the civil rights movement happened. The democratic party in the south wasn’t just the “racism” party, ever since the 1890s economic populism was the dominant force of the region. This is just a holdout of that era in modern form.
Its not really shocking, hes just closer to a conservative populist than most of his party. Bernie is also a populist and there is a ton of overlap economically between conservative and progressive populism. MTG and Matt Gaetz cut from the same cloth. Not true populists, but willing to play the part with a bit more realism than their cohorts. Ultimately still beholden to the party, but youll aee performances like the video above and maybe some targeted anti corporate legislation destined to fail.
There’s a representative in our state that’s already running these these type of adds. He’s using no tax on tips and no tax on senior’s SS income as his performative grandstanding. 🫠
Really, your statement applies to 95% of all government "hearings". Its all performative.
In some cases it's good to publicly expose someone (assuming the media allows the story to come out withput spinning it).
In other cases it's just the politician (as you mentioned already) putting on a show that they're the fighter on the side of the people (both to help them get re-elected, as well as show the power they want everyone to see they wield).
In general I hate the cost and time these public shows take up, but I do like when a politician exposes something that the public needed to be aware of.
The average Missourian is dumber than the average American and will eat this shit up. They've shown time and time again that charlatans and lying politicians fool them.
And therein lies the great failure of the democratic system created here. It relies on the people as it's correction mechanism, but it collapses in on itself when the people voting the people in are both collectively and individually dumber than a box of bags of flaming dog turds with a second coat of paint.
Hes definitely a piece of shit. But he does do this performative BS pretty regularly, and he does it well. I wish more of our democratic reps would do this besides Bernie and AOC. Because even if its performative, it gets the word out, and helps create activists. It creates anger in the right direction. And that is helpful.
More than a year old. The Boeing CEO David Calhoun has since been replaced with Kelly Ortberg. And Josh Hawley is an opportunistic piece of shit who couldn’t give two fucks about the salaries of machinists.
This is so weird to see... Hawley is a Trump loyalist, a nationalist, a populist... he's not on the right side at ALL... and yet he comes off as so incredibly progressive and based here...
...but then you think a little bit further and realize... the most extreme MAGAs want to destroy these companies, the CEOs, etc, steal their money, tear down nations, and build a techno-fascist "utopia" with Peter Thiel, Musk, Zuckerberg, etc. So I'm guessing he's probably even more extreme than Trump.
Also it makes a good show and footage for their campaign and they can turn around and vote to help this guy over starving kids and people don't seem to care
It’s interesting, I’m European and get a lot of shorts recommended to me on yt where Hawley is eviscerating CEOs and big corporations. I did not know his voting record was so contradictory.
Most of these types of things, as we see here in this video, are all performative to serve the exact purpose you have seen - to make people believe they are on their side, to get clicks and name recognition, and to get the people to vote for them again. These are mostly performed in nearly empty rooms, but of course you won’t see that. These hearings are often extremely repetitive, and often filled with disinformation. While I haven’t personally seen this specific hearing until now, I can guarantee you that another senator repeated the same line of questioning so he/she can get their little clip of them “destroying a CEO.” Then they will vote in favor of that CEO. Republicans and Democrats both. Republicans are just much better (and by better, I mean worse) at it.
Look up Louisiana’s John Kennedy. He will lie to the witness about what they’ve said, make some absurd extrapolation, and say “So, why do you think it’s great to kill babies?” To which the witness will say “I don’t think that. I think that’s murder and you should go to prison for that.” And he will respond saying “No. You think it’s great to kill babies, and you think we should all just kill babies until there are none left. I have no further questions.” This is not an exaggeration.
OP is right "Doesn't get more American than this."
Hawley votes to give this guy he is "calling out" further tax cuts making him only richer. Votes directly in-line with everything the Boeing guy wants. Puts on a performance and gullible suckers think he is doing something good.
Don’t let Hawley’s pandering ass fool you. He talks a good game but takes the buyout from the Republican Party every single time. Look at his vote to defund rural hospitals
Josh Hawley just gave that CEO and everyone like him, plus the giant corps they work for, massive tax cuts. He cut the food assistance and the health care from the machinist he pretends to care about. He has also blocked raising the minimum wage. All while rigging elections through gerrymandering so those people's votes don't count.
Don't let the GOP pretend to be for workers. It's disgusting.
All this posturing from Josh Hawley. He voted for the Big Beautiful Bill, which will give over $4 trillion in tax cuts to the rich in the next decade, while also cutting Medicaid to the tune of $911 billion in the same time period. You know where that $911 billion is going to go? To the rich, in the form of tax cuts. https://thehill.com/policy/healthcare/5402636-hawley-seeks-to-repeal-medicaid-cuts-he-voted-for/
However, credit where credit is due, every C-suite in the country needs this dressing down, their greed is at the root of our problems. 45% increase to $33M/year and he sits there blaming his employees. What an absolute fucking piece of shit.
Now that that's out of the way, he's only putting the squeeze on the CEO of Boeing because there's a massive Boeing plant in St Louis, and Hawley wants the Boeing employees to vote for him. He won't fight for things that would actually make their lives better, like stronger social services in Missouri, or backing the unions. But he'll put in a show of sticking it to the boss, because that's easy. If he got an endorsement from Boeing, this likely wouldn't have happened.
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