04-17-2008, 01:13 AM
I can see the frustration on both sides of this argument.
On the one hand, as Wayne and I have pointed out, that which the politicians define as "rich" actually encompasses a large proportion of middle/ upper middle class incomes.
On the flip side, while I believe that reducing corporate taxes will stimulate economic growth and additional jobs, I agree that corporate CEO salaries need closer scrutiny. In my field there is a push for "pay for perfomance" which means that reimbursement is based on quality outcomes. CEOs should have a similar mechanism (perhaps some do). Company sales and share price in the toilet? Sorry dude, no raise or bonus this year....
Part of the issues raised in respect to the tax code also applies to industry. Just as we are promoting a flat tax for individuals, we need to eliminate the loopholes and have the same process for corporations. I think that this is one area where public sentiment is in near total agreement.
On the one hand, as Wayne and I have pointed out, that which the politicians define as "rich" actually encompasses a large proportion of middle/ upper middle class incomes.
On the flip side, while I believe that reducing corporate taxes will stimulate economic growth and additional jobs, I agree that corporate CEO salaries need closer scrutiny. In my field there is a push for "pay for perfomance" which means that reimbursement is based on quality outcomes. CEOs should have a similar mechanism (perhaps some do). Company sales and share price in the toilet? Sorry dude, no raise or bonus this year....
Part of the issues raised in respect to the tax code also applies to industry. Just as we are promoting a flat tax for individuals, we need to eliminate the loopholes and have the same process for corporations. I think that this is one area where public sentiment is in near total agreement.
Eric Mayer
2013 MB G63
2012 Audi R8 GT #232
2011 GT3 RS
1988 928 S4
1988 MB 560SL
2014 MB GL 550
2013 MB G63
2012 Audi R8 GT #232
2011 GT3 RS
1988 928 S4
1988 MB 560SL
2014 MB GL 550