Quote:
Originally Posted by jimjamuser
True that! And WALL ST. and corporate managers tend to have a ONE quarter time-horizons on their decisions. Japan and some European countries have business leaders the have 5-year plans. Japan uses a "Circle of Management" philosophy that they got from a book written (probably 1950) in the US, but was ignored. It means that upper management MUST pay attention to the lowest line workers because they are close to the action and therefore, the most knowledgeable.
That RARELY happens in the US, which adopted a top-down approach like the US military after its success in WW2. Last time I checked Japanese CEOs were considered GREEDY if they made more than 10 to 15 times more than their average line workers. Compare that to US CEOs. And then, even realize that it is the reason why the average person does NOT even realize how and why the whole US wealth gap problem has developed. And why it may be impossible to reverse!
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I have always been amazed and confused by the reaction "normal" people have to any proposal to somehow make the 1% (really more like the .1%) pay their fair share. After all, they have the most to lose and get the most benefit from the government. Who wields the most power over congress and the pres - you and me or Jeff Bezos, the Kardashians, etc?
As an example - when AOC (yes, that AOC) suggested adding an additional tax bracket that kicked in only AFTER income passed $50,000,000 for a year (fifty million) you would have thought the world was ending. We have 7 brackets thanks to the Ryan/Trump tax give away, why does adding one more mean the end of America?