Problems In Our Country
Thank heaven for Harry Potter! The fact that the Harry Potter books are selling off the shelves indicates a large group of children are still reading.
However, the problem is that more children and even adults rather play computer games than read books.
Microsoft's big new field to corner is to produce computer games.
But those games are better than kids sitting in basements playing poker, a new questionable pastime.
Yes, there are still some kids playing sports outside.
But there is a growing problem with steroids.
The thing in vogue in today's business world is to obtain the highest possible salary.
It does not matter how good or capable public company officials are or are not.
Some of the largest company failures have had presidents who earned millions in that position.
But when being prosecuted in court for the company's failure, these presidents claimed they knew nothing.
How could a president demand an outlandish salary if he/she doesn't know what the company is doing? The epitome is John Mack, the new president of Morgan Stanley.
John Mack demanded in his contract, signed June 30, that his pay for the next two years be no less than the average pay package received by the CEO's at Goldman Sachs, Merrill Stanley, Lehman Brothers and Bear Stearns.
If that average turned out to be more than the $25 million, he was to be paid.
What about reviews of how he was performing his duties and doing his job? The recent news reports that an American is paying Russia $25 million to fly to the space station.
Russia is now offering to fly anyone around the moon for $100 million.
Obviously the extreme wealthy have no problem finding way to spend their money, but not in the United States.
In scanning the cable television channels, there was a program on surfing the waves.
It showed young people in their twenties surfing the waves daily.
The program ended with the same group on a beautiful yacht, looking for bigger waves around the world.
Are these young men and women wealthy enough that they don't have to work and can afford to operate a yacht? Where does their cash flow come from? It seems that there must be problems with the distribution of wealth in our country.
The bulk of Americans can't afford small luxuries, if even necessary food and medicine.
The Federal government gives tax breaks to the wealthy, stating that there will be trickle-down to lower classes.
Being wealthy means having enough money to get whatever you desire.
How do the lower tax obligations given to the wealthy trickle-down to create jobs for the less fortunate, when the wealthy are spending as much as they can already? Excessive financial compensation destroys initiative.
It is wrong.
Europe learned, from feudal times, that excess wealth was unacceptable.
Corporate executives around the world perform as well or better than the high salaried executives in the United States.
The obvious excesses will eventually bring down our civilization.
Past societies such as: the Romans, the Russian nobility, the French nobility and the Spanish rulers of South and Central America could not see the excesses that brought their downfalls.
However, the problem is that more children and even adults rather play computer games than read books.
Microsoft's big new field to corner is to produce computer games.
But those games are better than kids sitting in basements playing poker, a new questionable pastime.
Yes, there are still some kids playing sports outside.
But there is a growing problem with steroids.
The thing in vogue in today's business world is to obtain the highest possible salary.
It does not matter how good or capable public company officials are or are not.
Some of the largest company failures have had presidents who earned millions in that position.
But when being prosecuted in court for the company's failure, these presidents claimed they knew nothing.
How could a president demand an outlandish salary if he/she doesn't know what the company is doing? The epitome is John Mack, the new president of Morgan Stanley.
John Mack demanded in his contract, signed June 30, that his pay for the next two years be no less than the average pay package received by the CEO's at Goldman Sachs, Merrill Stanley, Lehman Brothers and Bear Stearns.
If that average turned out to be more than the $25 million, he was to be paid.
What about reviews of how he was performing his duties and doing his job? The recent news reports that an American is paying Russia $25 million to fly to the space station.
Russia is now offering to fly anyone around the moon for $100 million.
Obviously the extreme wealthy have no problem finding way to spend their money, but not in the United States.
In scanning the cable television channels, there was a program on surfing the waves.
It showed young people in their twenties surfing the waves daily.
The program ended with the same group on a beautiful yacht, looking for bigger waves around the world.
Are these young men and women wealthy enough that they don't have to work and can afford to operate a yacht? Where does their cash flow come from? It seems that there must be problems with the distribution of wealth in our country.
The bulk of Americans can't afford small luxuries, if even necessary food and medicine.
The Federal government gives tax breaks to the wealthy, stating that there will be trickle-down to lower classes.
Being wealthy means having enough money to get whatever you desire.
How do the lower tax obligations given to the wealthy trickle-down to create jobs for the less fortunate, when the wealthy are spending as much as they can already? Excessive financial compensation destroys initiative.
It is wrong.
Europe learned, from feudal times, that excess wealth was unacceptable.
Corporate executives around the world perform as well or better than the high salaried executives in the United States.
The obvious excesses will eventually bring down our civilization.
Past societies such as: the Romans, the Russian nobility, the French nobility and the Spanish rulers of South and Central America could not see the excesses that brought their downfalls.
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