Quote:
Originally Posted by Rajoo
While the rich get richer on the backs of tax payers, the average tax payer is not aware of our government's debt service payments, which is currently 9% of our budget. This is the burden on the future tax payers that GOP do not want to talk about but deflect this by saying we need to cut expenses.
Imagine 9% going to debt servicing, yet when mortgage rates hit 7%, blaming Biden for causing inflation is a cheap shot.
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Using the realized compensation measure, compensation of the top CEOs increased 1,322.2% from 1978 to 2020 (adjusting for inflation). Top CEO compensation grew roughly 60% faster than stock market growth during this period and far eclipsed the slow 18.0% growth in a typical worker’s annual compensation.
https://www.epi.org/publication/ceo-pay-in-2020/
The average CEO now makes 351 times what the workers in his company make, yet the GOP still persists in supply-side sophistry to get even more tax breaks for these folks.