Leyla,
Yes. So, my question is, when we consider a CEO’s (for Ryan‘s) bonuses or a company’s/investor profit margins, under what circumstances can we agree on an abuse of power relative to wage earners and, if we can‘t agree that there even could be anything considered as such, why not, exactly? Where is the distinction between high taxes and profits, and abuses of power?
When taxes are so high that they put a strain on the middle-class, then we know there is a problem. And it maybe not just taxes, as it could be excessive spending that extends beyond the taxes, and so the value of the dollar suffers, which also affects the living conditions of the middle-class.
In the CEO case, suppose the CEO made a crucial business decision that increased profits for that year by 20 billion. Well, the CEO could still give employees raises and bonuses, invest in the company, keep shareholders happy, and still take a bonus for himself that could be in the millions. It all comes down to whether or not the CEO can balance the needs of the employees with the needs of the shareholders, while increasing the abstract worth and competitive edge of the company, while fulfilling his own needs.
Actually, I'm not arguing capitalism v. socialism with you. I'm really not sure how I can make my point any clearer, which is that capitalism creates a welfare class, too. Seriously, what's the problem with that argument? Why have I "missed your point" (which I in fact acknowledged) for making it?
Okay, well I agree with you that capitalism creates a welfare class because the value of low skilled labor does not adequately meet the requirements for a middle-class quality of living. However, capitalism works around that – Some business owners now build low cost housing complexes to fill that demand. And let us not forget that these same people live in an excessive state of poverty because most have bad habits that can be avoided. IE: smoking, drinking, other drugs, gambling, and materialism.
Basic low cost housing and food can be sustained with many low-skilled jobs if people were simply more wise with their money.