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TJ
TJ Dork
7/2/10 4:49 p.m.

Ok, well that 2011 Mustang seems interesting as does the Fiesta.

JohnGalt
JohnGalt Reader
7/2/10 9:12 p.m.
racerdave600 wrote: What a lot of people miss is the downward flow of money. Lets take a sports star for example. City "Y" pays him several million dollars a year because he elevates the team and they win. The local bars get more people in on game day, the stadium sells more tickets, more tee shirts and swag are sold, etc. This means more people make money off what he does, and more people are employed. Now consider his personal spending habits. He now has the ability to buy a big house, a boat, specialty cars, and loads of other crap that is someone's dream to produce or build. What if no one had that kind of spending money, then some guys dream to restore old cars never gets to fruition, or the guy that wants to build boats. I used to have a problem with people making a lot of money, until I really studied to see where it ends up. It always flows down.

Its called trickle-down economics and i have some very educated friends who absolutely burst into flames whenever this is mentioned. But unlike you good sir they don't know E36 M3 about economics and constantly rail against CEO/athlete/bigwig salaries.

wbjones
wbjones Dork
7/3/10 9:07 a.m.
Otto_Maddox wrote: Why does it matter if I hold stock in a tax deferred retirement account or just a normal brokerage account? I still get the same voting rights.

not sure that's the way it actually works... if I own shares in a company (brokerage account) then yes I have voting rights with that company... if I own shares of the same company in a mutual fund (tax deferred retirement account or any type of mutual fund) then I only have voting rights with that fund... not the individual stocks the fund has purchased...

z31maniac
z31maniac Dork
7/3/10 11:17 a.m.

I'm completely with Capitalism/get paid what your worth/etc. I'm not a whiny Socialist/Pinko Commie by any stretch of the imagination.

Although it does still kinda bother me that in the 70s a 30:1 ratio was considered an acceptable spread between the lowest paid employee and the executive level. So if you're lowest paid employee made $20k/yr ($10/hr), you made $600k.

Now that ratio is more like 315:1. Now with this ratio if the lowest paid employee makes $20k/yr, you pulled more like $6.3 million/yr.

Not saying we need pay caps or anything like that, just throwing it out there.

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