New American Royalty - Executives Receive One Third Of All US Pay

Our founding fathers would be rolling in their graves. We have established a new royalty in this country and there pedigree is the "Executive Class". This means that 1/3 of all pay that goes to employees in this country goes to executives and this does not include the unrecorded bonuses and stock options.

To put it another way, look at this little statistic. The incomes of the top 1% of households increased 256% between 1979 and 2006. Was this because they are just such hard workers? Funny, the hardest working people I know make the least money.

Why has this imbalance occurred? My guess is that the Billionaire Boys Club of the corporate board room has just decided to milk every drop of cash they can from the system. It's simple greed, and contrary to Gecko's quote from the movie Wall Street "greed is not good".

Meanwhile Congress is worried about taxing the rich. Explain that to me, without the straw man argument that taxing the rich will slow the economy. If anything the rich have slowed the economy with their schemes to get richer and their ham handed bilking of US Corporations.

The other problem with creating the American Royals is that their Social Security contributions are capped and their obscene accumulation of wealth is eroding the Social Security system. Lucky us! We get to support the new royalty and watch any chance of retirement slip through our fingers.