Free Markets, Free People

There’s Always One …

Guys like this make be believe many CEOs are just idiot savants who have the single talent of making tons of money (or, lately, not):

I’m the chief executive of a publicly traded company and, like my peers, I’m very highly paid. The difference between salaries like mine and those of average Americans creates a lot of tension, and I’d like to offer a suggestion. President Obama should celebrate our success, rather than trying to shame us or cap our pay. But he should also take half of our huge earnings in taxes, instead of the current one-third.

Really?

How about speaking for yourself?

Oh, and if you want to give half, break out the old check book and in the line that says “Pay To The Order Of”, put “US Treasury”. Fill in the amount that equals half your pay and sign the thing.  There, all done.

I promise, it won’t be returned.

If you’re wondering who wrote the nonsense above, it was Reed Hastings, CEO of Netflix.

Idiot.

~McQ

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9 Responses to There’s Always One …

  • As he adjusts his monocle:  “Hey … I’m rolling in dough.  Go on, take half of it … ha ha ha.  It won’t be missed!”

    This is a dumb statement from just about every angle.

  • These kind of statements always come from people who spend huge sums of money to an army of CPAs to minimize their tax exposure.

  • Well, if this guy’s a Democrat, then what he really means is “everybody making this much money should pay half in taxes – except me.”

  • No no, you guys have it all wrong, he’s in line for a top appointed government position – taxes are a non-issue for him.

  • Better yet, give back half your pay to the company and increase dividends to investors/shareholders appropriately. They will know how to spend it wisely.

  • What an absolute a$$!  McQ is right.  If Mr. NetFlix is feeling all that guilt just whip out that old checkbook and send all your money to the U.S. Treasury.

  • Well Reed how about cutting your salary and spreading it over your employees instead? Sometimes smart people say really dumb things. Warren Buffet complains about estate taxes being too low but then moves his fortune into the Gates foundation where it will escape taxation. If these folks are so concerned, then just write a check.

  • Try to take my money! I triple-dog dare you! You can’t! My accountants are better than yours!
    Nyah nyah nyah!

    On the other hand, I remain mystifed why these ‘Titans of Industry’ are viewed with such awe and defference. Given the normal distribution of intelligence, and the fact that much of the top of the distribution is drawn off into such occupations as science (real science, not that poly sci crap), engineering, medicine, etc., the idea that these CEOs are some sort of intellectual giants is ludicrous. Business isn’t rocket science, and running a large business isn’t much different, except in scale, than running a small one.

  • Reduce your salary and pay your employees more.  Government employees already earn above average salaries, and enjoy far better benefits and retirement than private sector employees.  Why would you give the government money?