I think we as a nation spend way too much time talking about taxes and not enough time talking about what is happening in corporate America.
Pensions are a thing of the past. More and more health care for retirees is a thing of the past and in some cases even for full time employees.
I used to think it was due to corporations having to stay competitive in the new global economy. Now I'm realizing the money has been shifted away from the workers and up to a very few at the top.
Here is an example, read the last sentence:
U.S. banks owe billions in pay, pensions to executives: report | Reuters
"...the government has sought to rein in executive pay at banks getting federal money as part of the Bush administration's $700 billion bailout program.
But overlooked in these efforts is the total size of debts that financial firms receiving taxpayer assistance previously incurred to their executives, which at some firms exceed what they owe in pensions to their entire work forces, the Journal said."
There is something really wrong here. How do we change this? I would not want to see the Government regulate salaries. Shareholders need to revolt, but most of us hold a lot of company stock in mutual funds. How did this shift happen?
Pensions are a thing of the past. More and more health care for retirees is a thing of the past and in some cases even for full time employees.
I used to think it was due to corporations having to stay competitive in the new global economy. Now I'm realizing the money has been shifted away from the workers and up to a very few at the top.
Here is an example, read the last sentence:
U.S. banks owe billions in pay, pensions to executives: report | Reuters
"...the government has sought to rein in executive pay at banks getting federal money as part of the Bush administration's $700 billion bailout program.
But overlooked in these efforts is the total size of debts that financial firms receiving taxpayer assistance previously incurred to their executives, which at some firms exceed what they owe in pensions to their entire work forces, the Journal said."
There is something really wrong here. How do we change this? I would not want to see the Government regulate salaries. Shareholders need to revolt, but most of us hold a lot of company stock in mutual funds. How did this shift happen?