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 Post subject: 71K = Wealthy??? lol
PostPosted: Mon Apr 16, 2018 12:44 am 
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In another bizarro world move, apparently any family making over 71K per year is now defined as "wealthy" and our taxes are set to go up July 1
Happy Canada day!

Just keep voting Liberal
I am sure it will work out next term


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 Post subject: Re: 71K = Wealthy??? lol
PostPosted: Mon Apr 16, 2018 8:25 am 
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My wife and I were watching Billions on tv last night and there was a funny scene where Bobby Axelrod had successfully convinced a down on his luck hedge fund manager that 40 million was not enough to get by on and that he was "broke".

I think there is a moral to that story somewhere as it relates to your post.

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 Post subject: Re: 71K = Wealthy??? lol
PostPosted: Mon Apr 16, 2018 1:22 pm 
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You could be thinking to the pair of trust fund babies running the government at the moment?

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 Post subject: Re: 71K = Wealthy??? lol
PostPosted: Mon Apr 16, 2018 2:06 pm 
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If 71K per year is now defined as "wealthy" what the F do you call the CEO of Hydro 1 who makes that EVERY 3 DAYS.

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 Post subject: Re: 71K = Wealthy??? lol
PostPosted: Mon Apr 16, 2018 2:21 pm 
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Greenjp wrote:
If 71K per year is now defined as "wealthy" what the F do you call the CEO of Hydro 1 who makes that EVERY 3 DAYS.


Not saying your point is invalid, but how much do you think the CEO of a $12 billion company should be paid?


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 Post subject: Re: 71K = Wealthy??? lol
PostPosted: Mon Apr 16, 2018 5:00 pm 
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Hodor wrote:
Greenjp wrote:
If 71K per year is now defined as "wealthy" what the F do you call the CEO of Hydro 1 who makes that EVERY 3 DAYS.


Not saying your point is invalid, but how much do you think the CEO of a $12 billion company should be paid?
I do not think any person deserves more than 1 million. These ppl at the top have so many others down the ranks that supply the CEO with data, trends, figures, forecasts, everything he needs to make a decision. All a CEO needs is to be a good talker hell their speeches are written for them.

As with any company (with a few exception) you can't make more money than your boss so how do the ppl just below the CEO get a raise? By voting raises to the CEO position so the CEO approves their raises. Who the hell is going to say no to a 400,000 dollar raise. Oh and to keep the books balanced will just fire or layoff 100 to 200 of the lowest ranks, no problem whoever is left down at the bottom will have to work harder. Hey when is my tee off time tomorrow.

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 Post subject: Re: 71K = Wealthy??? lol
PostPosted: Mon Apr 16, 2018 6:41 pm 
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Your argument is more philosophical on executive salary as a whole rather than the specifics of Hydro One. Not sure why you chose that example.

The fact is that whether we like it or not, CEOs are paid insane amounts, and if you want a good one you need to pony up. They also do a more than you think they do.


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 Post subject: Re: 71K = Wealthy??? lol
PostPosted: Mon Apr 16, 2018 7:17 pm 
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Hydro One's CEO is not that great, and his salary is up to 10 times higher than other similar CEO's in other provinces. But, when you are a pig at the trough you might as well stuff yourself. Especially if the farmer stuffing you is taking feed from others with no regards to the
actual cost of the feed. This explains his recent 1.7 million dollar raise.

Private corporations can do what ever they want but government paid CEO's pay should be performance based with criteria that makes sense.

No need to throw up our arms and never make changes because that would be stupid.

https://www.thestar.com/news/queenspark/2018/03/29/chief-executive-officer-mayo-schmidt-is-hydro-ones-6-million-man.html

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 Post subject: Re: 71K = Wealthy??? lol
PostPosted: Mon Apr 16, 2018 7:38 pm 
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At least the home inspector has a point. Now there’s some facts I can chew on!

What about pseudo-private companies?


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