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Bill Sloman
Guest
On Thursday, August 13, 2020 at 11:45:59 AM UTC+10, bitrex wrote:
If you devote most of your profits to over-paying your top executives, they don\'t show up as net profits distributed to share-holders.
One of the obvious driver of US income inequality is the enormous salaries that end up in the pockets of the top executives.
https://www.epi.org/publication/ceo-compensation-2018/
These are the people who decide how much of the company income gets paid to lobbyists.
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Bill Sloman, Sydney
On 8/12/2020 9:29 PM, Bill Sloman wrote:
On Thursday, August 13, 2020 at 8:16:11 AM UTC+10, Anthony Stewart wrote:
On Wed. 12 Aug.-20 6:09 p.m., bitrex wrote:
On 8/12/2020 5:57 PM, Tony Stewart wrote:
On Wed. 12 Aug.-20 4:16 p.m., bitrex wrote:
snip
Ah , here we can go to any hospital, free and if they find a better
surgeon available sooner, they\'ll send you if you can\'t go on your own
steam.
Why is the USA the only developed country without free healthcare?
No developed country has free health care, but most of them have universal health insurance, which means that you pay a fixed premium all your life and don\'t have to pay for medical attention when you need it.
The US doesn\'t have it, because it was invented by that arch-socialist, Otto von Bismarck
https://en.wikipedia.org/wiki/Otto_von_Bismarck
and adopting it would violate their ideological purity, or that\'s the story that James Arthur likes to tell.
In reality, work-related health insurance is one of many devices US employers use to coerce their employees, and the US health insurance business creams off a lot of profit from insuring people against medical costs that are half again higher per head than they are in the most expensive parts of the rest of the developed world.
They spend some of these profits on paying lobbyists to block any legislation that might derail their gravy train. The battle against Obamacare is a case in point. James Arthur posted a lot of their propaganda here while that battle was going on, and it was obviously designed to be deceptive and misleading, as I had fun pointing out.
It\'s a pretty pitiful amount of net profit, too. Apple makes nearly 3
times as much net as all the private health insurance companies
combined. a fraction of one percent of GDP. The lions share of it goes
to the bank accounts of maybe 500 top executives.
it\'s a salami-slicing operation.
If you devote most of your profits to over-paying your top executives, they don\'t show up as net profits distributed to share-holders.
One of the obvious driver of US income inequality is the enormous salaries that end up in the pockets of the top executives.
https://www.epi.org/publication/ceo-compensation-2018/
These are the people who decide how much of the company income gets paid to lobbyists.
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Bill Sloman, Sydney