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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (10079)	1/27/2006 4:07:56 PM
From: neolib	Read Replies (1) \| Respond to of 541777

The fact that they look at your salary does not make you salary an asset. The current and projected income stream of a publicly traded corporation is the primary determinant of its stock price, which is surely considered an asset by those who own it. So... if you look at a P/E ratio of 15 say, then a HS grad looking at: 1) Getting a low paying job at $16K/year could roughly consider himself to have $240K in his own stock. 2) But if he went to college and started out at $45K he would have $676K in his own stock, 3) or he might press on to a professional degree with $150K/year and $2,250K in his own stock. Viewed in this way, and as near as I can tell, there is no reason not to, this could be an important factor in encouraging young people on their educational options. Take it a step further, and actually set up a stock exchange for that purpose...

To: TimF who wrote (10079)	1/27/2006 5:58:45 PM
From: TigerPaw	Read Replies (2) \| Respond to of 541777

Do you want the income stream to go to the earners heirs? How would you do that? I toy with two ideas at the moment. 1) An inheritable residual of salary, like the social security used to be. 2) A program by which employees gain ownership in the company. (I.E. stockholder dividends would eventually buy out the stock itself which would revert to the current workers). (more than just a voluntary employee-purchase plan, but a redifinition of the meaning of a stock). One is more direct than the other, but they both accomplish the goal of rewarding the continuing effort in an enterprise a bit more than just passive investment. That would promote all the things people say they admire about free enterprise. TP