<The companies have abused the options to such extremes they have asked for it.>
How is stock options different from what the preferential tax treatment that the business owners get for starting a successful business?
So workers should be discouraged from sharing in the wealth that they helped create? How is this equitable?
What next? Should entrepreneurs also be discouraged from taking risks to start a business? Why should they get to enjoy wealth accumulation when their cousin the PhD in psychology struggles on mere subsistence?
<Mythology that they deserve ungodly wealth>
There is nothing ungodly in wealth creation. Americans created a system and Dream where ingenuity and hardwork CAN get rewarded. Even if things unfold as you wish, this is not more equitable or fair, only that those who did not get to share in the rewards earlier get to gloat about it over the ones who are trying to achieve the same success now, while (most of) those who already cashed out are too busy with their hobbies and wealth to even care what happens to the great unwashed.
<tech whiz nephew who , though only in his 40s is a millionaire, and has jumped companies 4 times for a better offer.One of his brothers has a Phd in Psychology, and a mere fraction of money>
When is it 'fair' to be a millionaire? What's wrong with someone in his forties being a millionaire?
Anecdotes are nice, it is possible to pick on the individual cases and extrapolate to 'prove' anything. One can't really comment on salaries right? Salaries in the US are (generally-mostly) based on what the market will pay, and the market in the long run is always fair.
How about this, if nine of his other brothers and cousins did the same and their companies went bust, I'd assume that all their hard work go 'unrewarded', would that be fair then?
Besides, someone who chooses a well-defined career like PhD in psychology is clearly not taking risks with his future. Without risks, how can 'ungodly wealth' be rewarded?
SbH |
