Tech CEO gets 163 times his average worker's pay

[Galenbo]

Let's look at how this works in practice, instead of just theorizing about worst case scenarios.
Look at ...

I prefer to not look at these guy's personal practice, his personal theorizing and his personal scenarios.
The comments he left are just a bait for another cheap pol-co rant and the accompanied trolling.

... are ridiculous. The guy starving to death in the street, with...

These pol-co's don't give a fck about the guys starving in the streets, but are always ready to use them as an example, exploit them, to improve their own situation.

[VK3DRB]

...If the super rich buy up all the property in a city and rents rise to astronomical levels, often leaving a large number of properties empty (as in London)....

Sounds like London has the same problem we do in Melbourne... Chinese buyers. It is one of a number of reason why many young Australian families cannot afford to put a roof over their heads near where they work. I don't blame Chinese buyers or greedy investors. 100% of the blame is on our federal politicians who have vested interests in high property prices and high rents. Many of our top politicians have demonstrated they are inept and out of touch with ordinary Australians, and guess what... they don't care.

CEO's and politicians are probably bred from the same stock. The similarities between the two are striking.

[Zero999]

The goal of freedom is to be free. It's a core value, axiom.

I agree. People should have the freedom to own/rent property in a location near to where they work, at a price they can afford.

That's simple, don't work in places you can't afford to live.

So much for supporting freedom.

There's also the fact that Wage depends on region.
In my country, you get payed nearly 1000 euro more in one region then in the other, 50 kilometers away.
The first is near the airport, they have to raise the wages to attract people to work there.
It can also be seen as a compensation for traffic or more expensive housing.

That's true in the UK too. The same job in London pays more than any other city but the extra wages still don't compensate for the higher rent. This has had a knock on effect to everywhere within 100 miles of London. Many people commute to London because they can't get a job locally but the extra money rarely covers the cost and time spent travelling.

Sounds like London has the same problem we do in Melbourne... Chinese buyers. It is one of a number of reason why many young Australian families cannot afford to put a roof over their heads near where they work. I don't blame Chinese buyers or greedy investors. 100% of the blame is on our federal politicians who have vested interests in high property prices and high rents. Many of our top politicians have demonstrated they are inept and out of touch with ordinary Australians, and guess what... they don't care.

I suspect it's similar in cities the world over.

At least in large countries like the US and Australia, there's plenty of cheap land outside of the cities. On a tiny island, such as the UK, land is expensive everywhere and the planning laws are strict.

[TheElectricChicken]

At least in large countries like the US and Australia, there's plenty of cheap land outside of the cities. On a tiny island, such as the UK, land is expensive everywhere and the planning laws are strict.

In australia in the last 5 or so years, cheap land has become much more scarce. Same reason as the UK. Counterfeiting.

Or, when you lobby the politicians and make it legal (not in iceland that's for sure, where they jailed the banksters) it's called 'quantitative easing' and 'creating electronic debt at the touch of a key in bank accounts]'

Simple formula at work here, whether the banks simply create money by tapping on keys and creating balances in accounts OR you just use a printer and print more money, it's the same result. Same amount of land, and everything else, being chased by more and more dollars. Result of intense competing dollars is the prices of land rise until the monetary bubble bursts.

[Mechanical Menace]

Don't talk about freedom with a leftist. It will be misunderstood.
For them it means free of ownership-worries, freedom to steal maker's money, the freedom to completely fuckup and blame others.
The freedom to undermine terms, too, till they mean nothing.

To be fair that's true of both left and right extremes. Just look at how the Christian right redefines persecution to mean "they won't let me persecute someone."

[zapta]

In australia in the last 5 or so years, cheap land has become much more scarce. Same reason as the UK. Counterfeiting.

Shortage of land or shortage of land approved by the government for building?  It's not the same.

[Mechanical Menace]

In australia in the last 5 or so years, cheap land has become much more scarce. Same reason as the UK. Counterfeiting.

Shortage of land or shortage of land approved by the government for building?  It's not the same.

Here a bit of both, though the central government is now clamping down on the more NIMBYish local councils. But just total lack of land is a major problem, we have about a fifth the population of the US but only one seventy fourth of the land.

[zapta]

In australia in the last 5 or so years, cheap land has become much more scarce. Same reason as the UK. Counterfeiting.

Shortage of land or shortage of land approved by the government for building?  It's not the same.

Here a bit of both, though the central government is now clamping down on the more NIMBYish local councils. But just total lack of land is a major problem, we have about a fifth the population of the US but only one seventy fourth of the land.

It your island is getting too crowded it may be a good time to to re-examine how many foreigners you let in.

[Mechanical Menace]

It your island is getting too crowded it may be a good time to to re-examine how many foreigners you let in.

To be fair on that one we do have about the same amount of people living and working abroad. And I really can't say anything about foreigners not belonging here or a lot of my familly would have to bugger off.

[Zero999]

It your island is getting too crowded it may be a good time to to re-examine how many foreigners you let in.

We can't do anything about that because when we joined the EU we agreed to allow anyone from any member state in.

We could of course leave the EU but we'd lose a lot of trade with Europe which benefits our economy greatly.

[zapta]

It your island is getting too crowded it may be a good time to to re-examine how many foreigners you let in.

To be fair on that one we do have about the same amount of people living and working abroad. And I really can't say anything about foreigners not belonging here or a lot of my familly would have to bugger off.

With that a unified EU view of the world, if that corner of the EU is too crowded just move another one. That's what we do here.

https://en.wikipedia.org/wiki/Area_and_population_of_European_countries

[Mechanical Menace]

To be fair on that one we do have about the same amount of people living and working abroad. And I really can't say anything about foreigners not belonging here or a lot of my familly would have to bugger off.

With that a unified EU view of the world, if that corner of the EU is too crowded just move another one. That's what we do here.

I think that reply was meant for  Hero999 lol. I have views on the subject but for the above stated reasons I also know I am biased in favour of skilled immigrants and refugees/genuine asylum seekers and the like. As much as I may be oversensitive regarding jingoism I don't count a sensible discussion about immigration as an exammple of that.

[Galenbo]

We could of course leave the EU but we'd lose a lot of trade with Europe which benefits our economy greatly.

Says the promo campaign of the EU.

Stay in, we'll give you "benefits"

[Galenbo]

https://en.wikipedia.org/wiki/Area_and_population_of_European_countries

Based on those numbers, statists could conclude overpopulation is the big solution.
Including streets and services, Monaco has 8m x 8m for each resident, crime is very low and everyone is weathy, good educated and healthy.

:-)

[VK3DRB]

I wonder how many of these overpaid CEO's of American multinationals or Australian big business do unpaid volunteering or charity work.

I know one bloke who is the head of a major hospital department, and is one of the top experts in the world in his field. He also runs his own private practice, where on operations alone, he has earned about $36 million. And he is only about 50 years old. This guy knows his stuff, and is like the best electronic engineer but is paid much much more of course than someone who designs circuits or writes code. He donates 2 days a week at the hospital with his expertise - pro bono.

He is not a CEO, but he is probably one of the few who are worth his money. He even shouts me a drink when I see him. His contribution to the betterment of people's lives leave the politicians and their dodgy parties here for dead.

[Galenbo]

I wonder how many of these overpaid CEO's of American multinationals or Australian big business do unpaid volunteering or charity work...

Charity work is highly recommended to those who chase a steep career.
A two to tree years pause, working for free is seen as a big leading card on the CV of the international MBA guy.

In detail, they end up in a not-so-transparent NGO in Afrika, or an independent bank-sponsored-project in development countries.
I guess they need ambitious people there for their "business", and those who are ready to take part in EVEN THAT, are considered "thrustworthy" afterwards.

But I'm there's a minority that genuinely does it with all their heart.