Ceo's pay has risen 146% in the past 5 years - there is no reason for this high compensations since the growth of most of these companies have not - HAVE NOT - risen even 30%. So what is the justification in the greedy growth of their income? Certainly not the increase in work - since they work less than 50 hours a week. The cost to stockholders is unjustified. Union work is not the bank breakers - but the soft, greedy fat ceos who bleed the companies and the stockholders .
The company my mother works for just gave their CEO a 71% pay increase after its earning per share dropped 9.5%....oh and by the way the company has been on a wage freeze since 2008.
If commercials think they have the right to retrieve so large sums from the society-granted legal entity that is a "corporation", they damn well should aabolish other overextensive robbery practices, including "bonuses", virtually a second salary.
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Going by Christian principles, the U.S far-right is the least Christian group in the world.
It's those Billy Bobs out there in the square states that keep voting for the GOP candidates that are in good with the big corporations. Too bad Billy Bob is too blind and ignorant to see this, he only hurts himself.
The amount of green in corporation is really sickening. But it is also everyone's fault for letting it get there, we all have a tiny bit of control over the system and most ppl have let go of their side in exchange for short term comfort. It's the crap we all buy and the lazy choices we all take everyday that contribute to this system that is bent on destroying the world it's in.
Not even the great Ron Paul would raise taxes on these people. I'm tired of these false 'hope' two-party candidates. I want a REAL progressive candidate.
in the past the top 1% payed 90% in taxes and according to an IRS survey in 2002 they now pay only about 20% in taxes...I personally have to pay about 25% of my income in taxes and I dont even make enough to support myself fully. How fair is this!!
Do the board of directors of a company have any say in the CEO's, etc salaries?Can stock holders voice their opinions about what top executives of a company are worth?
I believe in fair compensation and no one should be lacking in housing, healthcare, education (unless they don't want those things...), but it seems like too many top executives really don't deserve an astronomically high salary.
Although I usually agree with The Young Turks, their numbers, in this case, are a bit misleading. They used the average when it came to average worker's increase while they used the median for CEO pay. I'd imagine the difference in pay increase is still grossly in the favor of CEO's. However, I felt the need to point this out even though I doubt very many, if any at all, will read this.
One day soon, the People will Rise against the INJUSTICE they face from the wealthy. The Proletariat will gain control of the country and the Capitalists will FALL!!!!!!!!! We will unite and take back our country from those pigdogs. We will overthrow the plutocracy in this country and it will be OURS!!!!!!!!
@dffykvn The corporate income tax in america is higher than the regular income tax which is why they take the money out of their businesses. When taxes were 90% there was a lot more loopholes in the tax code which made it easier to pay taxes lower than today.
@dffykvn Tax laws during the 1950s allowed corporations to decrease the amount of taxes they paid by depreciation and reinvestment. The IRS was less strict back then because we were not trillions in debt so they had no reason to be strict.
@dffykvn They did go after someone who did not pay there taxes what people were doing was perfectly legal (That is why it is a loophole). If someone did not report some of there income the IRS would not crack down on it as much back then because it did not matter to much to them because we were not in as much debt as we are today.
@dukee155 You're wrong about this. If you tax 90% rich people still want to make money. If you only made 100,000$ of a 1,000,000 investment are you telling a wealthy person isn't going to make 100k? LOL, HAHAHA. The logic in that is so bad it's pathetic. If you taxed 90% the rich will continue to make money. What? Are they going to move to Africa? You think the rich of America are going to move to China if we tax them 10% more? You want to live in China? Neither do they.
@dukee155 That is an indefensible statement and is a bizarro version of what actually happens. The corps have no incentive to invest in their business or hire people as taxes are low and they might as well throw the cash on a pile. Low taxes mean they have more free cash that is money that is being spent on bonuses as is the case. Taxes have never been lower in recent memory and because of this CEO's are making record cash, your argument does not hold any water based on what is happening
@sharper68 Taxes were high in the 1950s but, there were a lot of loopholes because of depreciation and reinvestment people were able to decrease their taxes to lower levels than today. So taxes were lower in recent memory.
@dukee155 Well here is a news flash 1950's are not recent memory anymore. And even then high was as much as 95% ... that is not even vaguely close to what they are now. They are near record lows and it is bankrupting our country. You may not want the government to do anything but if you like that so much move to a banana republic where there are rich and poor that's it, this is what we are heading toward if lead by your backward up is down ideas.
@sharper68 I believe in a limited government not anarchy.You do not realize that there was a lot of Loop Holes back then so someone could have been paying less in taxes
@dukee155 Limited government is the new code word for corporate oligarchy. Complaining about taxes when the corporations and the super rich are paying at near record low levels is a joke. Arguing if you just cut the taxes further they will then start hiring is at this point delusional and not support any measurable facts. It is unsupportable to not increase the marginal tax rates to pre bush levels for the rich when we were prosperous and it was not because of tax cuts.
@sharper68 They will start hiring when we have low taxes and less regulations. The so called Clinton era was a bubble do you remember the dot com bubble during the late 90s then it crashed in bushes first term at office the Nasdaq could have grew faster under clinton if the taxes were lower.
@dukee155 There is absolutely no evidence to support your assertion they will start hiring if taxes are lowered even FURTHER and we allow them to pollute with impunity. Since the deficit exploding bush taxes cuts we have consistently had sluggish and negative job growth, his efforts did nothing but shrink the middle class grow the ranks of the poor while making the super rich much richer. Your entire spin has been discredited by every non Koch owned economist, you have nothing to stand on.
@sharper68 I have pleanty to stand on look at the time period of 1820-1920 there we created these big cities and we industrialized we had no income tax back then we had floods of immigrants coming into america we payed double what we payed in Europe without government we had low regulations this is what we need to do today.
@dukee155 Comparing today's global economy to 1820-1920 is like comparing a horse and buggy to a F1 race car. There are a great many differences between now and then not to mention the vast percentage of our growth and rise to power took place after that time. There are jurisdictions in the world today that have your system, we call them third world countries and they are generally not democratic. You pine for a time that was never that great in the first place unless you rewrite history.
@sharper68 There is another place that is doing what I am talking about it is called China and they are expected to surpass the USA by 2016. During the 1820's people had horses and had to grow there own food and wash there clothes in streams by 1920 people were starting to own automobiles and people worked in factoires did not grow there own food and had washing machines.
@dukee155 Oh you mean the Communist country that controls all production and their dollar and is about the furthest thing you can be from a free market economy. Their success is predicated on massive exports based near slave wages and no pollution controls along with the ability to shoot their citizens if they do not like it, I'll pass thanks. In In 1907 8% of us had electricity, in 1920 that rose to a giant 35% of the country it is pretty clear we live in a completely different world now.
@sharper68 China barley has any communism now they have a lot of capitalism. Cuba would never let multinational corporations operate in Cuba. I agree the only thing not free market about China is there peg to the US dollar. There was always cheap labor outside the USA but we had more efficient labor because we had few regulations and few taxes. That statistic you brought up about electricity shows the success of the free market system 8% to 35% is a pretty big gain in only 13 years.
@dukee155 China is a communist authoritarian regime don't let the fact they have taken a page out of our playbook fool you. The government determines every aspect of what can be produced and routinely ignores world wide patents and does not conform standard free market business practices. Their market is huge and is therefore worth those risks but they are by no means a "free market". The reason they are flourishing is because of cheap labor and a huge untapped domestic market not low taxes.
@sharper68 Have you ever taken a history class in high school? China has been implementing free market reforms since the death of Mao this is not the 1960s any more.
@dukee155 lol, ya so they decided not to go bankrupt like every other communist country but they are not a free market by any definition that matters. At best they are an autocracy that has allowed foreign money and investment into their country to access our developed market place to afford to stay in power. Their rise is not about embracing the free market but the fact they have taken a page out of our book while having none of restrictions our government system has to protect the citizenry.
@sharper68 They do not have regulations because it would drive away foreign investment China is growing because of foreign investment people are starting to get educations because they can work in the cities where all these foreign companies operate and have an opportunity to get a job working for them rather than working on a farm for generations where they make little money. I agree on the social side China is completely wrong but on the economic side they are doing good.
@dukee155 The do not have regulations because they do not care. Get mad and stand in a square in the country see how it works out. They have a system where no normal person is worth spit and if they say anything about it well you know what happens. That is a cornerstone of their success and is not worth emulating in anyway. Don't get me wrong there are people here that would love that kind of control over you and would then be free to bulldoze your town or poison your water to make more cash
@dukee155 We always innovate products and the both cell phone and GPS are examples of products who's use have spread even faster than electricity did back in the day. The merits you speak of have nothing to do with empowering the rich and ignoring everyone else, the free market works best with good rules to curb it's worst excess. We will innovate and grow by empowering education and maintaining our infrastructure not by selling out to the super rich and throwing the middle class under the bus.
@sharper68 I agree electricity spread slower than cell phones because we lived in a slower pace world back then. Education was good in America before the federalization of it by the education department during the 1970's. We had much larger inovations back then imagine going from a horse and buggy to a model T going from only having live music to being able to listen to records those were bigger steps than the transition of cd's to ipods.
@dukee155 In all of the history or man the largest and fastest leaps in innovation occurred in last 50 years. This has been due to our government investing in things like the space race and raising of the middle class to create large markets that expedited demands for the development of computers etc. Strong pubic education a superior road system and world class post secondary schools were part of that. We have been made great but not in 1910 but after 1950 when we became the power we are.
average is not the same thing as median. every time i watch a tyt video, i think to myself, they couldn't possibly make a video any dumber. then, to my surprise, they manage to make a dumber video. let's be clear, what cenk means when he says, the "median ceo pay". he's not talking about every ceo in america. he's talking about a very small number of ceo's (187 out of the s&p 500), those who managed to keep their job from 2009-2010. (cont.)
@cristoballs further, he's using the number median, like it's an average. let me give you a scenario. let's say you have 11 people. in 2009, 6 of them make $1M, and 5 make $2M. the median income for those 11 people is $1M. now, let's say the following year, one of the 6 who made $1M in 2009 gets a raise to $1.5M. now you have a median income of $1.5M. even though everyone else made the same amount, except for the person who the raise, the median income rose by 50%.
@TheUSSRWillRiseAgain True socialism can never exist with people, under a democracy or otherwise. You can always count on people to 'need' more than they are able to provide. Greed and sloth is not a symptom of capitalism; they exist wherever there are people.
@TheUSSRWillRiseAgain Well, he certainly did say in 1998 that the US foreign policy will cause something of that type of thing to happen.
watch?v=4hJTisovvjc
now, whether you want to talk smack about the man, that's your problem. Which one of your democrats understood these problems, including the foreign policy problem? Certainly Clinton didn't, he bombed the countries Ron mentioned without any regard to possible consequences, so who is the 'Illuminati'?
@TheUSSRWillRiseAgain All of the problems are traced back to gov't regulations, which destroy competition, move capital to other productive economies and destroy the value of money by inflating the supply of it to keep insane gov't spending going.
If you want to see a person predict the 2008 implosion with complete explanation of how he knew it, watch this 2006 mortgage bankers speech by Peter Schiff:
watch?v=jj8rMwdQf6k
and a short vide with Ron Paul accurate predictions watch?v=pvlUx5ECD2w
@TheUSSRWillRiseAgain I love your nickname, because I am predicting that USSR WILL rise again if Ron Paul is not elected. Only this time USSR will rise again in USA.
You are 100% wrong on all your points. 2008 crash and 1929 were caused by the gov't policy, federal reserve inflating the money supply. In 1925 they did this to prop up British pound and in 2008 it was the result of federal reserve trying to prevent recession from taking place, that started during Clinton's administration.
Man, don't you know? They got massive pay rises when the companies were making lots of money. Well of course. Now they aren't making so much money it takes a real special guy to run that, so they need more money. Well of course. It isn't the politics of envy from those below. It is the politics of greed from the ones above.
WE NEED PRESIDENT PALIN TO PUT AN END TO THIS MADNESS! WHEN PALIN BECOMES POTUS SHE WILL NOT ONLY MAKE UNEMPLOYMENT GO DOWN TO ZERO, SHE WILL MAKE WAGES FOR WORKERS GO UP BY CUTTING THEIR TAXES EVEN MORE! EVERYBODY WILL HAVE GREATER PAY IN THE PALINATION.
CEO' salaries and bonuses are set up by the shareholders, right? I guess the shareholders of all companies are afraid that their CEOs might leave and probably there are very few good CEOs out there.
The problem is that those CEOs don't have a lot of companies to go to (not every company pays 7 figures income) so if all shareholders would stop being scared it wouldn't happen. The best solution for these people is to sell their stocks... if they depend so much on one guy to bring them profits
@logossfera No the bonus's are not set up by shareholders but by the boards of the respective corporation. Shareholders should driving these numbers but are not. No one thinks giving clowns that practically drove the company into a ditch and then were saved by a tax payer bail out deserve massive raises to do thier job better. These ceo's have no skin in the game and win or lose make out like bandits.
It's funny, really. Over the past decades we have developed an extremely potent software industry, capable of creating extremely complex sets of instructions. We have not, however, created the complex and capable machinery/actuators that could take such software and create anything. Instead of exchanging human manual labor for robotic labor controlled by our intellectual labor, we exchanged human manual labor for cheaper human manual labor, because it was far more profitable in the short term.
My union wants to strike and I feel like I make enough (or even too much). Still, I do not think my administrators should take a pay raise if we circumvent ours. Ugh, I really do not want to strike. I want my community to respect my institution. I want my administrators to be men and take what the deserve. I expect the same from my worker colleagues. The sad thing is, there is no right pathway for me as I enter the next few months.
@kgdblade was in the same boat a few months ago, fortunately we didn't strike. I would implore you to look at things this way, you are one of the lucky few in a Union and now there are bigger issues than "just wages". You need to fight back, not just for yourself but for every other workers out there not in a union. Fight the Good fight.
@TheUSSRWillRiseAgain This, my dear, has nothing to do with capitalism. It has everything to do with inflation, which is counterfeit fiat printed by the gov't, as well as various regulations that destroy competition and promote monopolies, which is what all gov't regulations are for and income taxes.
That's what makes USA unproductive and moves jobs elsewhere.
Free market capitalism was making everybody more wealthier when USA had it before 1913.
@romanmir01 "That's what makes USA unproductive and moves jobs elsewhere". No. What moves jobs elsewhere is that the people living in "elsewhere" will work for less net wealth. You will work for a good house, a decent car, food on the table (which means you have a table), etc. Other people will work to survive - they will work to not die. Don't ever mistake overtaxation/regulation with the simple yet ugly economic truth of the world.
@godthisisannoying It never ceases to amazing the people who play the it's "regulations" fault. It's a total propaganda victory for the right wing that you can say that unqualified lie when the truth is obvious like you say:
There are billions of people in Asia willing to work for almost nothing.... and not far of another billion in Africa once there governments build the roads and ports to make it profitable.
Nothing is more certain than this. Capitalist economics craves almost free labour
@CmdrTobs Of-course it's regulations, if it weren't for labor and other business regulations as well as gov't inflating USD and income taxes, USA and European countries would keep the capital and the jobs because the market would set the prices for everything, including labor costs.
Ford used to pay $5/hour to workers in 1914, it was 25$/week = 1.25 ounces of gold or about 125000 USD today (and they didn't pay income tax). They took care of their own health, education and retirement.
@godthisisannoying Capital moves to places with less regulations and less taxes, this should be clear enough. The purchasing power of the workers in China does not depend on their pay, it depends on their gov't willingness to sacrifice purchasing power of their population to subsidize living standards of Americans and Europeans, that's what happens when they print renminbi to buy back all those dollars that companies bring to Chinese banks.
@romanmir01 Do some research, the Guilded age ended with a Depression in 1910. There were Depressions every decade between the end of the civil war and the end of free market capitalism. Furthermore if you look at the correlation with the rise of the Political left in the US and its peak prior to the war you would realize had America continued on path of "Free market Capitalism" we might have a more recent memory of the American Revolution than 1776, more like 1917.
@kibilz 1910 was a very productive year for USA, Ford was increasing production, the Wright brothers sold their company a year earlier for 100grand and got a huge stock in the million dollar company, the 1910 bank run (not a depression) was caused by the gov't passing the Sherman act by the way, which never did anything to prevent monopolies, instead the growth of gov't power created the monopolies, gov't prefers monopolies, they pay much more to gov't than competing businesses.
@romanmir01 "This, my dear, has nothing to do with capitalism It has everything to do with inflation......" then you say "That's what makes USA unproductive and moves jobs elsewhere."
It's actually lack of inflation of the $ vs other currencies which increases the movement of jobs not the other way round. But don't let reality stop you. Go on, tell us more of your homebrew economics you tell funny jokes.
P.S I love how you throw the word "(un)productive" about with no care. hahaha
@CmdrTobs USD is the reserve currency, in case you didn't notice (sarcasm), so I love it when US politicians say that China is manipulating its currency when they print in response to the printed USD coming into their banks. That's what reserve means - it's your backing
Of-course USD has no backing. Not since 40 years ago Nixon defaulted on the promise to pay gold for federal reserve notes
USA is unproductive - it is consuming by counterfeiting and borrowing with 53Billion/month trade deficit
@TheUSSRWillRiseAgain There's a reason every example of a pure free market looks like Somalia and every example of pure central planing looks like North Korea.
The USSR at least had enough sense to copy prices from market economies and 'play market' so it wasn't a total disaster other than in humanitarian terms. As soon as they stopped shooting people the whole decrepit edifice just crashed and burned.
again Cenkie is being foolish and irresponsible! CEO pay is climbing? so what? Movie actors' compensation is skyrocketing, same for singers, all other former court jesters, athletes playng childrens' games, Hollywood producers and directors, TV personalities, Warren Buffett, many geeks, even sluts like Kim kardashian are making tens of millions
corps started handing monies to employees in the way cenkie suggests, pension fund managers would have a fit, lawsuits would follow in the millions
@genie0390 What are you talking about Cenk suggested they trinkle it down. in their pay. as in give them more money so they can do stuff with it, instead of being horded for no good reason. And to be fair at least Singers and whatnot are somewhat generous or helpful.Many of them start their own fund riasers and do humanitarian work too.And they might have billions of dollars but Ceos get Trillions. What do you suggest we do to those entertianers that wouldnt more likely cause lawsuits?
@genie0390 Tell me thats the end of your stupidity, Cause if your Truly gunna argue agianst Cenk ,then I suggest having a point. Cause your bitching makes no sense. What are we gunna do to the Entertianers that is any different then the ceos?All Cenk was saying that they arent paying you enough and hording their money.They dont Give it back to the system, and their fine with you loosing ground.
Tell me your for real an not just an idiot.
(try coming up with better disses if your gunna try)
Cenk...sorry bro. 1st, I'm a Ron Paul man! 2nd, this is a direct reflection of OUR PRESIDENT, CONGRESS, AND THE LAWS THEY PASS!!!!
Don't try to start some BS class warfare because you won't support the only man running that will actually face the problem.
Oh and further more...you are STILL gonna vote for OBAMA!!!! Because at the end of the day, you are just as short sighted (well, probably not quite as much) as the Republicans! VOTE THE CONSTITUTION, VOTE RON PAUL!!!!
@doeboyelsancho THAT is a good old fashioned American ingenuity and work ethic. You will not become wealthy any other way, if you were born poor. Well, with the exception of having the skill to be a jewel thief, or something of the sort.
@localtuber27 In reality, the rich can be happy, even 'truly' happy, and they can get away with it. There is no god/karma, the universe isn't going to help us out with this. If you want justice you've got to make it happen.
This is a poor mans recession created by the bankers and republican tools. They want to cut the fat on the anorexic poor while giving extra helpings to the obese rich. They went global and found a cheaper source of labor to exploit and now they want to clean house and get rid of the useless obsolete workforce back in America.
Neither Democrats or Republicans care about poor people. If you're not at least in the six figure salary mark in America, you're nothing but an uneducated idiot that deserves nothing and should be thankful for the peanuts you get to them.
Cenk, your analysis is usually like this example: you are on a sinking ship and you correctly realise this fact and criticise it. So, you propose better ways to remove the excessive water from the ship so that it remains afloat while they all help to this effort according to their abilities. But you never identify and fix the problem that causes the ship to sink in the first place: plugging the damn holes! The problem is Capitalism itself and there are no "good" and "bad" forms of this menace.
But wait, I thought Obama's policies were going to kill big business? Republicans are the worst. Rich keep getting richer and the rest keep getting poorer. The bottom 50% own just 2.5% of all income. That's disturbing. If you aren't rich and you vote Republican then you are a fucking moron
@VITRUVIANMANNOLA The sad part about that is, the standard of what the lowest 20% of a countries income should be is 5% of all income. 30% lower, and yet twice the pay, this just shows how much the economies are being screwed over, the next 20% should have closer to 10%, not even breaking 50%, and we are running at 6x as much as the lower half makes currently.
@VITRUVIANMANNOLA And how are Democrats not the same? Just look at the relationship between GE and Obama. We need to get rid of BOTH parties eventually but Ron Paul is the best option we have for now.
@iEatBoneDust Getting rid of Parties is not the answer b/c it isn't the main problem. The problem is our campaign laws or should I say lack thereof. Without reforming campaign laws it doesn't matter who is in Congress because they will all be at the mercy of corporations and money. Tea Party freshmen vowed to be about the people but new report today shows that many of the same Tea Party freshmen are now trying to pass laws that benefit their big corporate donors directly. REFORM CAMPAIGN LAWS!
Cenk, although you correctly identify and criticise the problems in the way the economy, politics, corporations and government operate you never address the real source of these problems. You think that a "better" government with more regulatory powers is the solution. All these problems are the direct result of a fully blown capitalist system and the solutions you propose do not solve the problem but only try to hide it. The problem is capitalism itself. Is it time you recognise this fact?
CEO bonuses are the most fraudulent, fucking unnecessary invention in capitalist spirit since yesterday.
Derp if my buddies on the board thinks I work good, which they always do, I get an extra 100 million.
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If anything, it should be working people who should get extra pay or prolonged vacation to set a positive example, but the Social Darwinist spirit of capitalism instead vomits you out on the street.
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And in the case of the USA...you are getting ever closer to France 1789.
All quiet on the Libyan front. No information released to US citizens in who's name this kinetic action is executed.
That doesn't mean there's nothing going on, on the contrary. Right at this moment the rebels are causing their long planned bloodbath on Libyan people. It is said corpses are littering the streets of Tripoli.
Seems US has muzzled its media to keep this hidden for their people. US doesn't like to get associated with massacres, especially not as they made it possible.
soon people won't be able to afford the stuff thats keeping them comfortable and numb, they will start paying attention. If things have not changed thru non violent means by then it will turn violent.
@RyunSharp can't really call it a Great Depression if executive pay is going up dramatically. we're nowhere near the Great Depression, back then the national unemployment rate was 25%, and it was as high as 80% in some cities. Depressions hurt both the richest rich and the poorest poor, but the rich are doing perfectly fine now.
seems like you're the one pretending certain things aren't happening.
@RyunSharp by definition, it's not an economic depression if banks and businesses are doing well (which means the rich are doing well). also, deflation occurs during depressions, but we're experiencing inflation right now. we're nowhere near a depression
inflation and taxation have gone up by how muh % ?? not enough for you to keep up hahaha those ceo's are lauhging their ass off ... where is this going... all i know is somewhere not very good folks
I don't know where they got the 10% figure for bonuses. I haven't worked a job that gave bonuses since the early 80's. And I'm having difficulty thinking of anybody that I know that gets or has ever gotten a bonus since that time.
@JEFF9K The last time I checked the Pres was a democrat...the congress has a republican majority....but truth is, there are no democrats and republicans...only the have's and the have nots. THEY HAVE ALL BEEN BOUGHT!!!!!!!!!!
@justjulie37 "Greed is the virus that will destroy this country "
It allready has, dude. It´s only an empty husk now. You will understand this when it comes down like the Soviet Union soon. The moral basis the nutter right wingers try to reestablish is only a parody of what your founding fathers wanted and they cannot substitute it.
We live in interesting times that shape human civilization for the next millenia-for the good or the bad....
The board of directors is made up of stock holders who hire CEOs that are willing to tank their companies according to the pleasure of the board members.
These well-off companies shouldn't be pressured to hire. They don't need to hire. If they needed to hire, they would. It's not their job to hire workers they don't need and then get stuck with them. However, they should pay higher taxes. They're swimming in cash! Close loopholes and tax these bastards.
What are laughing to the bank, like they say all the time, b/c they have us, The People, divided. Race,religion, orientation, nationalism (which is a parasite to the world), etc. They think we are stupid peons that need to be controled, and they hide behind religion. Lets thank the real GOD (lol jk), that they cannot control the majority of the youths!!! woot! woot! lol :)
No bonuses here either, lol. We have more companies here that have such strong foreign motivations, that they should be putting down a trillion or get fu*k off our soil!!! Same thing with our politicians to, infact, we should be throwing them in jail and skip the part where they get to retire in Bermuda. We have the power. Why are people afraid to fight them? Their gangsters. Look no farther than what happened to JFK, or many important environmentalist. We dont need them, they need us.
@JonnyNice He says he's a capitalist, but I don't really see how. I know he speaks about agreeing with the 'old' meaning of capitalism... but capitalism eventually leads to what it is today, and will get worse. Something needs to be done. I'd start with a culling. lol No, in all seriousness, I'd elect a true progressive into office, and stop paying so much attention to the Tea Party/Libertarians/Ron Paul Fan Boys.
But we can't tax the rich DUUUURRRRR Im A dumbass fox news zombie and I live in a trailer but Da fox news says we got to give all our money to da rich so they will make it trickle down on me!! DERRRPP
Ceo's pay has risen 146% in the past 5 years - there is no reason for this high compensations since the growth of most of these companies have not - HAVE NOT - risen even 30%. So what is the justification in the greedy growth of their income? Certainly not the increase in work - since they work less than 50 hours a week. The cost to stockholders is unjustified. Union work is not the bank breakers - but the soft, greedy fat ceos who bleed the companies and the stockholders .
justonefirefly1 1 month ago
The company my mother works for just gave their CEO a 71% pay increase after its earning per share dropped 9.5%....oh and by the way the company has been on a wage freeze since 2008.
sfm073 5 months ago
If commercials think they have the right to retrieve so large sums from the society-granted legal entity that is a "corporation", they damn well should aabolish other overextensive robbery practices, including "bonuses", virtually a second salary.
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Going by Christian principles, the U.S far-right is the least Christian group in the world.
underbjorn 5 months ago
Not everyone got a raise. A lot of companies took the sign of a poor economy as an excuse to not hand out raises... as prices skyrocket.
unforgivingreality 5 months ago
It's those Billy Bobs out there in the square states that keep voting for the GOP candidates that are in good with the big corporations. Too bad Billy Bob is too blind and ignorant to see this, he only hurts himself.
ffairlane57 5 months ago
The amount of green in corporation is really sickening. But it is also everyone's fault for letting it get there, we all have a tiny bit of control over the system and most ppl have let go of their side in exchange for short term comfort. It's the crap we all buy and the lazy choices we all take everyday that contribute to this system that is bent on destroying the world it's in.
Nebbyker 5 months ago 2
grab your pitchforks and your torches
it is like Bill Hicks used to say, "how far up your ass does his dick has to get before you know you're being fucked?"
eyehategumbo 5 months ago in playlist More videos from TheYoungTurks
Not even the great Ron Paul would raise taxes on these people. I'm tired of these false 'hope' two-party candidates. I want a REAL progressive candidate.
CHAOSoriginal 5 months ago in playlist More videos from TheYoungTurks
@CHAOSoriginal The taxes on the CEO's and the upper classes are more than they should be.
ChannelGameshow 5 months ago
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Financial Enemy of Greece, Ireland, Italy, Spain, Portugal, & America - Jew
1. Goldman Sachs CEO, Lyold Blankfein - Jew
2. IMF Deputy CEO, John Lisky - Jew
3. Ex IMF CEO, Dominic Strauss - Jew
4. World Bank CEO, Robert Zoellick - Jew
5. Ex World Bank CEO, James Woolfesen - Jew
6. Fed Chairman, Ben Bernanke - Jew
7. Ex Fed Chairman, Alan Greenspan - Jew
8. Obama Treasury Secretary, Timothy Geithner -Jew
9. George Bush Treasury Secretary, Hank Paulson -Jew
Stevie68000 5 months ago
in the past the top 1% payed 90% in taxes and according to an IRS survey in 2002 they now pay only about 20% in taxes...I personally have to pay about 25% of my income in taxes and I dont even make enough to support myself fully. How fair is this!!
josh1492 5 months ago
The American dream is now "one day I hope to own a car" used to be a home.
derberg19486 5 months ago
Do the board of directors of a company have any say in the CEO's, etc salaries?Can stock holders voice their opinions about what top executives of a company are worth?
I believe in fair compensation and no one should be lacking in housing, healthcare, education (unless they don't want those things...), but it seems like too many top executives really don't deserve an astronomically high salary.
jjlinert 5 months ago
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Although I usually agree with The Young Turks, their numbers, in this case, are a bit misleading. They used the average when it came to average worker's increase while they used the median for CEO pay. I'd imagine the difference in pay increase is still grossly in the favor of CEO's. However, I felt the need to point this out even though I doubt very many, if any at all, will read this.
BGood156 5 months ago
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BGood156 5 months ago
But they ****have to**** pay top dollar to retain top talent, right? That's how the RichBankerBuddy (tm) Club works.
leptonsoup337 5 months ago
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ron paul ron paul ron paul 2012! fix corruption
CavsNetwork 5 months ago
Cenk.
It's a free country.
Change your occupation to CEO.
bobbytiger 5 months ago
@bobbytiger Let's all be CEO's. Think of how much more productive America would be!
tiberianfiend 5 months ago
ugh this is hard to watch....it seriously makes me wanna do very bad things to these fuckers
Cptstarcrunch1 5 months ago
haha stupid poor!
HomleandSecurity 5 months ago
so just become a CEO
mage1over137 5 months ago
One day soon, the People will Rise against the INJUSTICE they face from the wealthy. The Proletariat will gain control of the country and the Capitalists will FALL!!!!!!!!! We will unite and take back our country from those pigdogs. We will overthrow the plutocracy in this country and it will be OURS!!!!!!!!
HistoryBUFFF06 5 months ago
Five CEO's watched this video.
erikbateson 5 months ago
The fed is destroying the currency. The ceo's are taking big salaries because there corporate income taxes in america are too high.
dukee155 5 months ago
@dukee155 Hahahahahha that argument is so amazingly retarded.
dffykvn 5 months ago
@dffykvn Why? Instead of name calling why not just debunk the argument
dukee155 5 months ago
@dukee155 The ceos salaries are high because of the LOW corporate tax rate.
If their taxes were HIGHER they would be forced to reinvest in their companies to lower their tax rate.
When taxes were 90% the owners had to pay workers more, hire more workers or give higher bonuses to workers or they'd be reamed by the taxman.
But now since the rates so low they can take the money out and pay almost nothing in taxes.
dffykvn 5 months ago
@dffykvn The corporate income tax in america is higher than the regular income tax which is why they take the money out of their businesses. When taxes were 90% there was a lot more loopholes in the tax code which made it easier to pay taxes lower than today.
dukee155 5 months ago
@dukee155 You're EXTREMELY misinformed.
They had FEWER loopholes, the IRS was more willing to investigate and prosecute.
The higher tax rates forced them to reinvest in their businesses. You're either unbelievably wrong or you're from a paralel universe.
If they were faced with 90% taxes they'd HAVE to reinvest in the business, they'd have no other choice.
dffykvn 5 months ago
@dffykvn Tax laws during the 1950s allowed corporations to decrease the amount of taxes they paid by depreciation and reinvestment. The IRS was less strict back then because we were not trillions in debt so they had no reason to be strict.
dukee155 5 months ago
@dukee155 Are you kidding? The IRS went after people for not paying taxes, they weren't staffed by people told not to look into big businesses.
dffykvn 5 months ago
@dffykvn They did go after someone who did not pay there taxes what people were doing was perfectly legal (That is why it is a loophole). If someone did not report some of there income the IRS would not crack down on it as much back then because it did not matter to much to them because we were not in as much debt as we are today.
dukee155 5 months ago
@dukee155 You're wrong about this. If you tax 90% rich people still want to make money. If you only made 100,000$ of a 1,000,000 investment are you telling a wealthy person isn't going to make 100k? LOL, HAHAHA. The logic in that is so bad it's pathetic. If you taxed 90% the rich will continue to make money. What? Are they going to move to Africa? You think the rich of America are going to move to China if we tax them 10% more? You want to live in China? Neither do they.
MyLittleBomb 5 months ago
@dukee155 That is an indefensible statement and is a bizarro version of what actually happens. The corps have no incentive to invest in their business or hire people as taxes are low and they might as well throw the cash on a pile. Low taxes mean they have more free cash that is money that is being spent on bonuses as is the case. Taxes have never been lower in recent memory and because of this CEO's are making record cash, your argument does not hold any water based on what is happening
sharper68 5 months ago
@sharper68 These nuts have no connection to reality.
They lie then just double down on everything.
dffykvn 5 months ago
@dffykvn They still need to be spoken out against or other people might actually take some of their disinformation as having merit.
sharper68 5 months ago
@sharper68 Taxes were high in the 1950s but, there were a lot of loopholes because of depreciation and reinvestment people were able to decrease their taxes to lower levels than today. So taxes were lower in recent memory.
dukee155 5 months ago
@dukee155 Well here is a news flash 1950's are not recent memory anymore. And even then high was as much as 95% ... that is not even vaguely close to what they are now. They are near record lows and it is bankrupting our country. You may not want the government to do anything but if you like that so much move to a banana republic where there are rich and poor that's it, this is what we are heading toward if lead by your backward up is down ideas.
sharper68 5 months ago
@sharper68 I believe in a limited government not anarchy.You do not realize that there was a lot of Loop Holes back then so someone could have been paying less in taxes
dukee155 5 months ago
@dukee155 Limited government is the new code word for corporate oligarchy. Complaining about taxes when the corporations and the super rich are paying at near record low levels is a joke. Arguing if you just cut the taxes further they will then start hiring is at this point delusional and not support any measurable facts. It is unsupportable to not increase the marginal tax rates to pre bush levels for the rich when we were prosperous and it was not because of tax cuts.
sharper68 5 months ago
@sharper68 They will start hiring when we have low taxes and less regulations. The so called Clinton era was a bubble do you remember the dot com bubble during the late 90s then it crashed in bushes first term at office the Nasdaq could have grew faster under clinton if the taxes were lower.
dukee155 5 months ago
@dukee155 There is absolutely no evidence to support your assertion they will start hiring if taxes are lowered even FURTHER and we allow them to pollute with impunity. Since the deficit exploding bush taxes cuts we have consistently had sluggish and negative job growth, his efforts did nothing but shrink the middle class grow the ranks of the poor while making the super rich much richer. Your entire spin has been discredited by every non Koch owned economist, you have nothing to stand on.
sharper68 5 months ago
@sharper68 I have pleanty to stand on look at the time period of 1820-1920 there we created these big cities and we industrialized we had no income tax back then we had floods of immigrants coming into america we payed double what we payed in Europe without government we had low regulations this is what we need to do today.
dukee155 5 months ago
@dukee155 Comparing today's global economy to 1820-1920 is like comparing a horse and buggy to a F1 race car. There are a great many differences between now and then not to mention the vast percentage of our growth and rise to power took place after that time. There are jurisdictions in the world today that have your system, we call them third world countries and they are generally not democratic. You pine for a time that was never that great in the first place unless you rewrite history.
sharper68 5 months ago
@sharper68 There is another place that is doing what I am talking about it is called China and they are expected to surpass the USA by 2016. During the 1820's people had horses and had to grow there own food and wash there clothes in streams by 1920 people were starting to own automobiles and people worked in factoires did not grow there own food and had washing machines.
dukee155 5 months ago
@dukee155 Oh you mean the Communist country that controls all production and their dollar and is about the furthest thing you can be from a free market economy. Their success is predicated on massive exports based near slave wages and no pollution controls along with the ability to shoot their citizens if they do not like it, I'll pass thanks. In In 1907 8% of us had electricity, in 1920 that rose to a giant 35% of the country it is pretty clear we live in a completely different world now.
sharper68 5 months ago
@sharper68 China barley has any communism now they have a lot of capitalism. Cuba would never let multinational corporations operate in Cuba. I agree the only thing not free market about China is there peg to the US dollar. There was always cheap labor outside the USA but we had more efficient labor because we had few regulations and few taxes. That statistic you brought up about electricity shows the success of the free market system 8% to 35% is a pretty big gain in only 13 years.
dukee155 5 months ago
@dukee155 China is a communist authoritarian regime don't let the fact they have taken a page out of our playbook fool you. The government determines every aspect of what can be produced and routinely ignores world wide patents and does not conform standard free market business practices. Their market is huge and is therefore worth those risks but they are by no means a "free market". The reason they are flourishing is because of cheap labor and a huge untapped domestic market not low taxes.
sharper68 5 months ago
@sharper68 Have you ever taken a history class in high school? China has been implementing free market reforms since the death of Mao this is not the 1960s any more.
dukee155 5 months ago
@dukee155 lol, ya so they decided not to go bankrupt like every other communist country but they are not a free market by any definition that matters. At best they are an autocracy that has allowed foreign money and investment into their country to access our developed market place to afford to stay in power. Their rise is not about embracing the free market but the fact they have taken a page out of our book while having none of restrictions our government system has to protect the citizenry.
sharper68 5 months ago
@sharper68 They do not have regulations because it would drive away foreign investment China is growing because of foreign investment people are starting to get educations because they can work in the cities where all these foreign companies operate and have an opportunity to get a job working for them rather than working on a farm for generations where they make little money. I agree on the social side China is completely wrong but on the economic side they are doing good.
dukee155 5 months ago
@dukee155 The do not have regulations because they do not care. Get mad and stand in a square in the country see how it works out. They have a system where no normal person is worth spit and if they say anything about it well you know what happens. That is a cornerstone of their success and is not worth emulating in anyway. Don't get me wrong there are people here that would love that kind of control over you and would then be free to bulldoze your town or poison your water to make more cash
sharper68 5 months ago
@dukee155 We always innovate products and the both cell phone and GPS are examples of products who's use have spread even faster than electricity did back in the day. The merits you speak of have nothing to do with empowering the rich and ignoring everyone else, the free market works best with good rules to curb it's worst excess. We will innovate and grow by empowering education and maintaining our infrastructure not by selling out to the super rich and throwing the middle class under the bus.
sharper68 5 months ago
@sharper68 I agree electricity spread slower than cell phones because we lived in a slower pace world back then. Education was good in America before the federalization of it by the education department during the 1970's. We had much larger inovations back then imagine going from a horse and buggy to a model T going from only having live music to being able to listen to records those were bigger steps than the transition of cd's to ipods.
dukee155 5 months ago
@dukee155 In all of the history or man the largest and fastest leaps in innovation occurred in last 50 years. This has been due to our government investing in things like the space race and raising of the middle class to create large markets that expedited demands for the development of computers etc. Strong pubic education a superior road system and world class post secondary schools were part of that. We have been made great but not in 1910 but after 1950 when we became the power we are.
sharper68 5 months ago
average is not the same thing as median. every time i watch a tyt video, i think to myself, they couldn't possibly make a video any dumber. then, to my surprise, they manage to make a dumber video. let's be clear, what cenk means when he says, the "median ceo pay". he's not talking about every ceo in america. he's talking about a very small number of ceo's (187 out of the s&p 500), those who managed to keep their job from 2009-2010. (cont.)
cristoballs 5 months ago
@cristoballs further, he's using the number median, like it's an average. let me give you a scenario. let's say you have 11 people. in 2009, 6 of them make $1M, and 5 make $2M. the median income for those 11 people is $1M. now, let's say the following year, one of the 6 who made $1M in 2009 gets a raise to $1.5M. now you have a median income of $1.5M. even though everyone else made the same amount, except for the person who the raise, the median income rose by 50%.
cristoballs 5 months ago
@TheUSSRWillRiseAgain True socialism can never exist with people, under a democracy or otherwise. You can always count on people to 'need' more than they are able to provide. Greed and sloth is not a symptom of capitalism; they exist wherever there are people.
soylentgreenb 5 months ago
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@TheUSSRWillRiseAgain Well, he certainly did say in 1998 that the US foreign policy will cause something of that type of thing to happen.
watch?v=4hJTisovvjc
now, whether you want to talk smack about the man, that's your problem. Which one of your democrats understood these problems, including the foreign policy problem? Certainly Clinton didn't, he bombed the countries Ron mentioned without any regard to possible consequences, so who is the 'Illuminati'?
romanmir01 5 months ago
Why is this comparing average and median?
mastapho 5 months ago
@mastapho because he's an idiot and doesn't know any better.:-)
cristoballs 5 months ago
@TheUSSRWillRiseAgain All of the problems are traced back to gov't regulations, which destroy competition, move capital to other productive economies and destroy the value of money by inflating the supply of it to keep insane gov't spending going.
If you want to see a person predict the 2008 implosion with complete explanation of how he knew it, watch this 2006 mortgage bankers speech by Peter Schiff:
watch?v=jj8rMwdQf6k
and a short vide with Ron Paul accurate predictions watch?v=pvlUx5ECD2w
romanmir01 5 months ago
@TheUSSRWillRiseAgain I love your nickname, because I am predicting that USSR WILL rise again if Ron Paul is not elected. Only this time USSR will rise again in USA.
You are 100% wrong on all your points. 2008 crash and 1929 were caused by the gov't policy, federal reserve inflating the money supply. In 1925 they did this to prop up British pound and in 2008 it was the result of federal reserve trying to prevent recession from taking place, that started during Clinton's administration.
romanmir01 5 months ago
Man, don't you know? They got massive pay rises when the companies were making lots of money. Well of course. Now they aren't making so much money it takes a real special guy to run that, so they need more money. Well of course. It isn't the politics of envy from those below. It is the politics of greed from the ones above.
William00048 5 months ago
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WE NEED PRESIDENT PALIN TO PUT AN END TO THIS MADNESS! WHEN PALIN BECOMES POTUS SHE WILL NOT ONLY MAKE UNEMPLOYMENT GO DOWN TO ZERO, SHE WILL MAKE WAGES FOR WORKERS GO UP BY CUTTING THEIR TAXES EVEN MORE! EVERYBODY WILL HAVE GREATER PAY IN THE PALINATION.
ecwaufisxtreme 5 months ago
@RocksSparky Then they would be exported to india and china more
Willettes1 5 months ago
CEO' salaries and bonuses are set up by the shareholders, right? I guess the shareholders of all companies are afraid that their CEOs might leave and probably there are very few good CEOs out there.
The problem is that those CEOs don't have a lot of companies to go to (not every company pays 7 figures income) so if all shareholders would stop being scared it wouldn't happen. The best solution for these people is to sell their stocks... if they depend so much on one guy to bring them profits
logossfera 5 months ago
@logossfera No the bonus's are not set up by shareholders but by the boards of the respective corporation. Shareholders should driving these numbers but are not. No one thinks giving clowns that practically drove the company into a ditch and then were saved by a tax payer bail out deserve massive raises to do thier job better. These ceo's have no skin in the game and win or lose make out like bandits.
sharper68 5 months ago
FREDDY WONG IN THE SUGGESTIONS!!! WOOOOOOO
Exodeath29 5 months ago
@RocksSparky Easy to say while sitting comfortably behind a computer screen. Do you have some suggestions that aren't vague?
DimmedDiamond 5 months ago
I'm sick of this legally stolen money deal. Anybody besides a rich asshole or a selfish asshole knows to put morality before legality.
Bobberlyisem 5 months ago
HAI GUYS WE GOTTA DEREGULATE MORE HOLD ON A SECOND WHILE I GOBBLE MORE CORPORATE COCK!
MagellansUnderwear 5 months ago 16
that is just unacceptable
rockguitarist8907 5 months ago
They could fix all this bullshit by fixing all those tax loopholes, but they're all bought out by their big wigs to change anything.
MaicoMoon 5 months ago
Can't wait to see some CEO blood spilling in the streets. Long overdue.
pfreddyp 5 months ago 15
@pfreddyp Agreed.
bamboo4tameshigiri 5 months ago
27 percent increase would be great.
papasparks2009 5 months ago
It's funny, really. Over the past decades we have developed an extremely potent software industry, capable of creating extremely complex sets of instructions. We have not, however, created the complex and capable machinery/actuators that could take such software and create anything. Instead of exchanging human manual labor for robotic labor controlled by our intellectual labor, we exchanged human manual labor for cheaper human manual labor, because it was far more profitable in the short term.
godthisisannoying 5 months ago 3
They say they want to help the poor
as they give the rich more and more.
They say they respect the working man
as they stab him in the back.
daveelderdotcom 5 months ago 4
One word Disgusting
DRock7977 5 months ago
My union wants to strike and I feel like I make enough (or even too much). Still, I do not think my administrators should take a pay raise if we circumvent ours. Ugh, I really do not want to strike. I want my community to respect my institution. I want my administrators to be men and take what the deserve. I expect the same from my worker colleagues. The sad thing is, there is no right pathway for me as I enter the next few months.
kgdblade 5 months ago
@kgdblade was in the same boat a few months ago, fortunately we didn't strike. I would implore you to look at things this way, you are one of the lucky few in a Union and now there are bigger issues than "just wages". You need to fight back, not just for yourself but for every other workers out there not in a union. Fight the Good fight.
kibilz 5 months ago
@TheUSSRWillRiseAgain This, my dear, has nothing to do with capitalism. It has everything to do with inflation, which is counterfeit fiat printed by the gov't, as well as various regulations that destroy competition and promote monopolies, which is what all gov't regulations are for and income taxes.
That's what makes USA unproductive and moves jobs elsewhere.
Free market capitalism was making everybody more wealthier when USA had it before 1913.
romanmir01 5 months ago
@romanmir01 "That's what makes USA unproductive and moves jobs elsewhere". No. What moves jobs elsewhere is that the people living in "elsewhere" will work for less net wealth. You will work for a good house, a decent car, food on the table (which means you have a table), etc. Other people will work to survive - they will work to not die. Don't ever mistake overtaxation/regulation with the simple yet ugly economic truth of the world.
godthisisannoying 5 months ago
@godthisisannoying It never ceases to amazing the people who play the it's "regulations" fault. It's a total propaganda victory for the right wing that you can say that unqualified lie when the truth is obvious like you say:
There are billions of people in Asia willing to work for almost nothing.... and not far of another billion in Africa once there governments build the roads and ports to make it profitable.
Nothing is more certain than this. Capitalist economics craves almost free labour
CmdrTobs 5 months ago
@CmdrTobs Of-course it's regulations, if it weren't for labor and other business regulations as well as gov't inflating USD and income taxes, USA and European countries would keep the capital and the jobs because the market would set the prices for everything, including labor costs.
Ford used to pay $5/hour to workers in 1914, it was 25$/week = 1.25 ounces of gold or about 125000 USD today (and they didn't pay income tax). They took care of their own health, education and retirement.
romanmir01 5 months ago
@godthisisannoying Capital moves to places with less regulations and less taxes, this should be clear enough. The purchasing power of the workers in China does not depend on their pay, it depends on their gov't willingness to sacrifice purchasing power of their population to subsidize living standards of Americans and Europeans, that's what happens when they print renminbi to buy back all those dollars that companies bring to Chinese banks.
USA exports inflation and imports wealth.
romanmir01 5 months ago
@romanmir01 Do some research, the Guilded age ended with a Depression in 1910. There were Depressions every decade between the end of the civil war and the end of free market capitalism. Furthermore if you look at the correlation with the rise of the Political left in the US and its peak prior to the war you would realize had America continued on path of "Free market Capitalism" we might have a more recent memory of the American Revolution than 1776, more like 1917.
kibilz 5 months ago
@kibilz 1910 was a very productive year for USA, Ford was increasing production, the Wright brothers sold their company a year earlier for 100grand and got a huge stock in the million dollar company, the 1910 bank run (not a depression) was caused by the gov't passing the Sherman act by the way, which never did anything to prevent monopolies, instead the growth of gov't power created the monopolies, gov't prefers monopolies, they pay much more to gov't than competing businesses.
romanmir01 5 months ago
@romanmir01 "This, my dear, has nothing to do with capitalism It has everything to do with inflation......" then you say "That's what makes USA unproductive and moves jobs elsewhere."
It's actually lack of inflation of the $ vs other currencies which increases the movement of jobs not the other way round. But don't let reality stop you. Go on, tell us more of your homebrew economics you tell funny jokes.
P.S I love how you throw the word "(un)productive" about with no care. hahaha
CmdrTobs 5 months ago
@CmdrTobs USD is the reserve currency, in case you didn't notice (sarcasm), so I love it when US politicians say that China is manipulating its currency when they print in response to the printed USD coming into their banks. That's what reserve means - it's your backing
Of-course USD has no backing. Not since 40 years ago Nixon defaulted on the promise to pay gold for federal reserve notes
USA is unproductive - it is consuming by counterfeiting and borrowing with 53Billion/month trade deficit
romanmir01 5 months ago
i want to punch a CEO!
AndrewMacedonia 5 months ago
@TheUSSRWillRiseAgain There's a reason every example of a pure free market looks like Somalia and every example of pure central planing looks like North Korea.
The USSR at least had enough sense to copy prices from market economies and 'play market' so it wasn't a total disaster other than in humanitarian terms. As soon as they stopped shooting people the whole decrepit edifice just crashed and burned.
soylentgreenb 5 months ago
good ole america " Lie, Cheat, AND Steal from your fellow american." if it isnt good for the worker its fucking awesome for the CEO.
rukus100821 5 months ago 3
again Cenkie is being foolish and irresponsible! CEO pay is climbing? so what? Movie actors' compensation is skyrocketing, same for singers, all other former court jesters, athletes playng childrens' games, Hollywood producers and directors, TV personalities, Warren Buffett, many geeks, even sluts like Kim kardashian are making tens of millions
corps started handing monies to employees in the way cenkie suggests, pension fund managers would have a fit, lawsuits would follow in the millions
genie0390 5 months ago
@genie0390 What are you talking about Cenk suggested they trinkle it down. in their pay. as in give them more money so they can do stuff with it, instead of being horded for no good reason. And to be fair at least Singers and whatnot are somewhat generous or helpful.Many of them start their own fund riasers and do humanitarian work too.And they might have billions of dollars but Ceos get Trillions. What do you suggest we do to those entertianers that wouldnt more likely cause lawsuits?
36inc 5 months ago
@36inc
tell me you're for real and not just a cartoon character
genie0390 5 months ago
@genie0390 Tell me thats the end of your stupidity, Cause if your Truly gunna argue agianst Cenk ,then I suggest having a point. Cause your bitching makes no sense. What are we gunna do to the Entertianers that is any different then the ceos?All Cenk was saying that they arent paying you enough and hording their money.They dont Give it back to the system, and their fine with you loosing ground.
Tell me your for real an not just an idiot.
(try coming up with better disses if your gunna try)
36inc 5 months ago
Cenk...sorry bro. 1st, I'm a Ron Paul man! 2nd, this is a direct reflection of OUR PRESIDENT, CONGRESS, AND THE LAWS THEY PASS!!!!
Don't try to start some BS class warfare because you won't support the only man running that will actually face the problem.
Oh and further more...you are STILL gonna vote for OBAMA!!!! Because at the end of the day, you are just as short sighted (well, probably not quite as much) as the Republicans! VOTE THE CONSTITUTION, VOTE RON PAUL!!!!
gary031183 5 months ago
Fucc it... Im gon become my own CEO... im gon start selling cracc!!!
doeboyelsancho 5 months ago
@doeboyelsancho THAT is a good old fashioned American ingenuity and work ethic. You will not become wealthy any other way, if you were born poor. Well, with the exception of having the skill to be a jewel thief, or something of the sort.
bamboo4tameshigiri 5 months ago
hmm Cenk is CEO of TYT -> He is ONE OF THEM!
TvvoTr3es 5 months ago
karma will be a mother... these rich bastards will never be happy. I know im happy and im a broke SOB
localtuber27 5 months ago
@localtuber27 In reality, the rich can be happy, even 'truly' happy, and they can get away with it. There is no god/karma, the universe isn't going to help us out with this. If you want justice you've got to make it happen.
SelfImmolator 5 months ago
There is no recession, this is an active man made massacre of the middle class
Gr4yW0rld 5 months ago
I guess one CEO saw this video
jetli80 5 months ago 52
@jetli80 a ceo wouldn't even spend time watching this lol
worldchampionboxer 5 months ago
This is a poor mans recession created by the bankers and republican tools. They want to cut the fat on the anorexic poor while giving extra helpings to the obese rich. They went global and found a cheaper source of labor to exploit and now they want to clean house and get rid of the useless obsolete workforce back in America.
SteelMartini 5 months ago 5
Its time the american people wake up and start fighting for what this country was built on!
LOST11B 5 months ago 2
Neither Democrats or Republicans care about poor people. If you're not at least in the six figure salary mark in America, you're nothing but an uneducated idiot that deserves nothing and should be thankful for the peanuts you get to them.
BobFlowman 5 months ago
I don't have a pay cheque I work for myself. I get paid shit regardless of the economic situation!
DarthAzabrush 5 months ago
Cenk, your analysis is usually like this example: you are on a sinking ship and you correctly realise this fact and criticise it. So, you propose better ways to remove the excessive water from the ship so that it remains afloat while they all help to this effort according to their abilities. But you never identify and fix the problem that causes the ship to sink in the first place: plugging the damn holes! The problem is Capitalism itself and there are no "good" and "bad" forms of this menace.
paspro67 5 months ago
But wait, I thought Obama's policies were going to kill big business? Republicans are the worst. Rich keep getting richer and the rest keep getting poorer. The bottom 50% own just 2.5% of all income. That's disturbing. If you aren't rich and you vote Republican then you are a fucking moron
VITRUVIANMANNOLA 5 months ago 57
@VITRUVIANMANNOLA The sad part about that is, the standard of what the lowest 20% of a countries income should be is 5% of all income. 30% lower, and yet twice the pay, this just shows how much the economies are being screwed over, the next 20% should have closer to 10%, not even breaking 50%, and we are running at 6x as much as the lower half makes currently.
Shinraithegreat 5 months ago
@VITRUVIANMANNOLA And how are Democrats not the same? Just look at the relationship between GE and Obama. We need to get rid of BOTH parties eventually but Ron Paul is the best option we have for now.
iEatBoneDust 5 months ago
@iEatBoneDust Getting rid of Parties is not the answer b/c it isn't the main problem. The problem is our campaign laws or should I say lack thereof. Without reforming campaign laws it doesn't matter who is in Congress because they will all be at the mercy of corporations and money. Tea Party freshmen vowed to be about the people but new report today shows that many of the same Tea Party freshmen are now trying to pass laws that benefit their big corporate donors directly. REFORM CAMPAIGN LAWS!
VITRUVIANMANNOLA 5 months ago
Cenk, although you correctly identify and criticise the problems in the way the economy, politics, corporations and government operate you never address the real source of these problems. You think that a "better" government with more regulatory powers is the solution. All these problems are the direct result of a fully blown capitalist system and the solutions you propose do not solve the problem but only try to hide it. The problem is capitalism itself. Is it time you recognise this fact?
paspro67 5 months ago
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Ron Paul & Jew :
1. Ron Paul will never send Americans to fight & die for Israel & Jew
2. Vote --- 2012 Ron Paul
Stevie68000 5 months ago
WTF?!
A CEO didn't build my house. Nor did he assemble the bus I ride on. Nor did he teach me in school . . .
Or grow the food I eat . . .
Or research the pain relievers I take after work . . .
Or program the computer I'm using . . .
Or pave the roads I travel . . .
. . .
Why do we put up with these &^#@holes again?
vcdaniels 5 months ago
CEO bonuses are the most fraudulent, fucking unnecessary invention in capitalist spirit since yesterday.
Derp if my buddies on the board thinks I work good, which they always do, I get an extra 100 million.
.
If anything, it should be working people who should get extra pay or prolonged vacation to set a positive example, but the Social Darwinist spirit of capitalism instead vomits you out on the street.
.
And in the case of the USA...you are getting ever closer to France 1789.
underbjorn 5 months ago
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All quiet on the Libyan front. No information released to US citizens in who's name this kinetic action is executed.
That doesn't mean there's nothing going on, on the contrary. Right at this moment the rebels are causing their long planned bloodbath on Libyan people. It is said corpses are littering the streets of Tripoli.
Seems US has muzzled its media to keep this hidden for their people. US doesn't like to get associated with massacres, especially not as they made it possible.
Quierotortilla 5 months ago
soon people won't be able to afford the stuff thats keeping them comfortable and numb, they will start paying attention. If things have not changed thru non violent means by then it will turn violent.
fatlazyidiotamerican 5 months ago
Turn off your tv! Pack your tent! Occupy Wall Street September 17
Occupy Freedom Plaza DC October 6
Speak Truth to Power Human Needs Not Corporate Greed
Stop the Machine
mzsafiya 5 months ago 2
We are still in the 2nd Great Depression. Everyone pretending that it's not happening should be ashamed of themselves.
RyunSharp 5 months ago
@RyunSharp can't really call it a Great Depression if executive pay is going up dramatically. we're nowhere near the Great Depression, back then the national unemployment rate was 25%, and it was as high as 80% in some cities. Depressions hurt both the richest rich and the poorest poor, but the rich are doing perfectly fine now.
seems like you're the one pretending certain things aren't happening.
Cuddlebunzzzz 5 months ago
@Cuddlebunzzzz You can still have a great depression... Even if the rich do not suffer at all.
RyunSharp 5 months ago
@RyunSharp by definition, it's not an economic depression if banks and businesses are doing well (which means the rich are doing well). also, deflation occurs during depressions, but we're experiencing inflation right now. we're nowhere near a depression
Cuddlebunzzzz 5 months ago
i wish i had a fucking job
killpath 5 months ago
Why cant I get a bail out? Oh yeah! I dont have a business suit.
biggydx 5 months ago
The prices are going up as a symptom of INFLATION caused by the FED PRINTING MONEY.
Do you like inflation?
watch?v=XV8xLX7dy64
watch?v=GA5r-MhqOBU
Ron Paul 2012.
romanmir01 5 months ago
inflation and taxation have gone up by how muh % ?? not enough for you to keep up hahaha those ceo's are lauhging their ass off ... where is this going... all i know is somewhere not very good folks
tqrules01 5 months ago
I don't know where they got the 10% figure for bonuses. I haven't worked a job that gave bonuses since the early 80's. And I'm having difficulty thinking of anybody that I know that gets or has ever gotten a bonus since that time.
dafttool 5 months ago
If my stepfather is to be believed, his CEO gave himself a 39 Million dollar raise while denying his employees their Christmas bonuses.
Bobbiethejean 5 months ago
Reaganomics at work! If you like it, keep voting Republican.
JEFF9K 5 months ago 2
@JEFF9K The last time I checked the Pres was a democrat...the congress has a republican majority....but truth is, there are no democrats and republicans...only the have's and the have nots. THEY HAVE ALL BEEN BOUGHT!!!!!!!!!!
000deadcalm000 5 months ago 2
end is near
firefly361 5 months ago
Is anyone really surprised by this? Greed is the virus that will destroy this country
justjulie37 5 months ago
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@justjulie37 "Greed is the virus that will destroy this country "
It allready has, dude. It´s only an empty husk now. You will understand this when it comes down like the Soviet Union soon. The moral basis the nutter right wingers try to reestablish is only a parody of what your founding fathers wanted and they cannot substitute it.
We live in interesting times that shape human civilization for the next millenia-for the good or the bad....
RegioLunar 5 months ago
This place about to blowoh oh oh oh ohhh ohhh oh oh ohh oh oh oh ohh ohh ohhh!
395235 5 months ago
The CEO luxury bonus bubble is bursting soon and they know it....
RegioLunar 5 months ago
Urge to eat rich... RISING
IMelkor42 5 months ago
dude .... the average construction worker ... u expect that guy to earn what ? maybe 3-4 times less than a CEO ... lol i say
kangax 5 months ago
@kangax CEOs earn on average 400 times more, sometimes as high as 1500 times more than their employees.
Bobbiethejean 5 months ago
The downward spiral continues!
TruthAndMoreTruth 5 months ago 2
The board of directors is made up of stock holders who hire CEOs that are willing to tank their companies according to the pleasure of the board members.
MrJDavidson 5 months ago
@MrJDavidson They have to reward wicked men handsomely for their obedience.
MrJDavidson 5 months ago
The bank exec's are saying "recession what recession this the best year we've had yet. The government is throwing money at us."
startreking2007 5 months ago
These well-off companies shouldn't be pressured to hire. They don't need to hire. If they needed to hire, they would. It's not their job to hire workers they don't need and then get stuck with them. However, they should pay higher taxes. They're swimming in cash! Close loopholes and tax these bastards.
dookdawg214 5 months ago
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We need to give them more money, they are the job creators!
MastermindX 5 months ago
** They are....
StarRosePink 5 months ago
What are laughing to the bank, like they say all the time, b/c they have us, The People, divided. Race,religion, orientation, nationalism (which is a parasite to the world), etc. They think we are stupid peons that need to be controled, and they hide behind religion. Lets thank the real GOD (lol jk), that they cannot control the majority of the youths!!! woot! woot! lol :)
StarRosePink 5 months ago
No bonuses here either, lol. We have more companies here that have such strong foreign motivations, that they should be putting down a trillion or get fu*k off our soil!!! Same thing with our politicians to, infact, we should be throwing them in jail and skip the part where they get to retire in Bermuda. We have the power. Why are people afraid to fight them? Their gangsters. Look no farther than what happened to JFK, or many important environmentalist. We dont need them, they need us.
StarRosePink 5 months ago
A CEO is just an employee hired by the board of directors in a corporation.
It is not the CEO who determines his pay, it is the board of directors.
SirWinstoneChurchill 5 months ago
i have a man crush for that smile in 0:45
printalp 5 months ago
It's unamerican to take money from the rich.
computerjero 5 months ago
Obama: We're in an economic depression.
CEO: trolololol!
MiloDaemon 5 months ago 41
So what's the answer Cenk? communism?
JonnyNice 5 months ago
@JonnyNice He says he's a capitalist, but I don't really see how. I know he speaks about agreeing with the 'old' meaning of capitalism... but capitalism eventually leads to what it is today, and will get worse. Something needs to be done. I'd start with a culling. lol No, in all seriousness, I'd elect a true progressive into office, and stop paying so much attention to the Tea Party/Libertarians/Ron Paul Fan Boys.
bewilderedkettle 5 months ago
@JonnyNice No, stop voting for the same fucking people.
computerjero 5 months ago
@JonnyNice How about democracy?
MastermindX 5 months ago
Is there aught we hold in common with the greedy parasite,
Who would lash us into serfdom and would crush us with his might?
Is there anything left to us but to organize and fight?
For the union makes us strong.
Inothep 5 months ago
But we can't tax the rich DUUUURRRRR Im A dumbass fox news zombie and I live in a trailer but Da fox news says we got to give all our money to da rich so they will make it trickle down on me!! DERRRPP
MaudsPas 5 months ago
Wow, i love this show, it puts out a-lot of videos but all of them are awesome to watch
nickcasto2 5 months ago