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HeyBub[_3_] HeyBub[_3_] is offline
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Default More On The Gibson Guitar Fine For Wood Use

Han wrote:
Also, when companies pay their CEOs more than
they pay in taxes, something is amiss, I think. Of course someone
could make a case, perhaps ...


Absolutely! Companies that pay their CEOs more than they pay in taxes should
be commended!

The tax code exists for two reasons: To collect revenue and Promote social
goals.

Companies that paid no taxes took advantage of the law's promotion of social
goals via legal exemptions, deductions, and the like. To the degree that the
company activated these social goals (solar power, hiring numbskulls, etc.),
they should be praised for their effort!

One way to acknowledge this kind of company's contribution to the public
weal is to reward it's CEO for finding and implementing these social
targets.

As an example, General Electric paid NO taxes on revenues of, what, $32
billion? The CEO not only gets a pretty nice compensation, but he becomes a
best-buddy of the president. GE is probably an exemplar of the quest for
social justice.

Think of the children!