FUBO!!
So do some don’t.
There are two major mistakes that people make. The first is that the rich (both people and corporations) are all evil, the second is that they are all good.
Though with the fallen nature of human kind, betting on the evil side is probably wiser.
By Reverend William J.H. Boetcker (1916)
You cannot bring about prosperity by discouraging thrift.
You cannot help small people by tearing down big people.
You cannot strengthen the weak by weakening the strong.
You cannot lift the wage earner by pulling down the wage payer.
You cannot help the poor by destroying the rich.
You cannot keep out of trouble by spending more than your income.
You cannot further the brotherhood of man by inciting class hatred.
You cannot establish security on borrowed money.
You cannot build character and courage by taking away peoples initiative and independence.
You cannot help people permanently by doing for them what they could and should do for themselves.
I’ll bet the whole compensation package for the professor is over 6 figures. He should share the wealth.
Social justice; a euphemism.
Our society does a lousy job of selecting people for leadership/management positions. Past performance is the best predictor of future performance. Over and over again, I’ve seen people selected for leadership positions based on what they say in an interview. “Yeah, I ran that last outfit into the ground, but choose me for this job and I’ll make all your wildest wishes come true!” Three years later...nothing but failure. Nepotism, company politics, Democrat/Republican politics, looks, impossible promises, the Halo Effect, the hidden agenda, and the outright stupidity/naivety of selecting committees are all way more prevalent than competence, experience, training and past performance in selecting people. So long as this goes on, we can only hope that foreign companies are worse. And hope is a poor strategy.
Is he averaging all CEO's and comparing to all workers? Or is he taking the highest paid CEO's and comparing them to the lowest paid workers? What is the ratio of the highest paid CEO's to the lowest paid worker IN THE SAME COMPANY?
Was CEO pay calculated the same in 1980 and today? Or is there a big disclaimer in the tables that says that data cannot be compared on either side of the 1987 tax reform because it counts different sources as "income" or not?
Read Income and Wealth by Alan Reynolds. 90% of liberal causes are based on playing games with statistics.
Bottom line, in a truly free market with only those minimal regulations required to protect people from fraud and to secure their property rights, everyone will make what the product of their work is worth.
Wow. How much does that gig pay?
Probably not at the low end of the income charts I'm guessing.