Why Are They Protesting Wall Street Execs
Do Execs Make 500 X More & Pay Less Tax?
But Is this this chart really true? (find out)
Actually it has been even worse:
NOTE to Muslim scholars and students of knowledge: What follows is an example of applying the rules for verifying hadeeth (traditions of our prophet, peace be upon him) for evaluation and to authenticate evidences and proofs in today's non-Muslim world. Take notice of the replies coming from the big-bucks executives and super wealthy as they try to side track the issue from the main topic. And be aware, some Muslims try to do the same thing on issues we face every day.
While most Americans suffer from high prices, unemployment and huge tax burdens, not all are quite so hard up.
In fact, some at the top are really enjoying the American Dream, but it seems the less fortunate are becoming just a bit fed up. In fact, they are protesting in many places across America, under slogans of "Occupy Wall Street" and "Occupy Boston".
What do these high paid executives and politicians have to say about all this? What is their reply? After all, they are being accused of manipulating funds, contracts and taking pay offs (bribes?), money laundering and phoney money schemes. They have the right to speak out and produce whatever proof or evidence they have in their defence.
So far, they have complained about the evidences being brought against them.. (read)
If you checked your emails lately, visited a blog or logged into Facebook, chances are pretty good that you've seen the chart at the top of this article or something similar.
Many people express their support with the Occupy Wall Street protests. They quote the chart (above) and other, similar statistics showing the terrible disproportionate ratio between workers (slaves?) and managers (masters?)
The only come back from the money makers think tanks is - "The Chart is Not Actually Accurate"
And they are right - it has been worse!
But they have to say something. After all they are being accused of a very series imbalance of economics in our so-called "Free Enterprise System" here in the West. So far, all they come up with is: "The chart is not accurate"
Here is what different sources had say, to hoping to direct attention away from the main issue:
This chart (same one top of this article) lists ratios of CEO pay to average worker pay in the U.S. and 9 other countries.
Some of our clients complained it is going all over Facebook, Twitter and blogs at lightning speed and being tweeted and re-tweeted without people checking where its even coming from.
"These kinds of claims must be looked into and stopped if there is no reference for them. Facts must stand out clear on these issues. People are being affected by it and it's wrong" - anonymous
Before we check the accuracy of the numbers, it's worth exploring where the chart began and how it went viral.
Note: the author stopped without finishing the rest of what the professor said. but you will find it later in this article... "Professor Kroll who graded the paper, added that "it would not surprise me if (the students’) number was ‘in the ball park.'"
The paper’s cover sheet fooled us -- as it fooled others -- because the professor’s name appears in the middle of the page, and the three students’ names appear together at the bottom in a less prominent spot. We tried to reach the co-authors -- Adam Choate, Dana Rowzee and Jerrod Tinsley, all of whom were working on their Master of Business Administration in 2005 -- but we did not hear back.
Previous years did show the ratio higher (but only on two occasions did it exceed 475 to 1) To be specific, 516 to 1 in 1999 and 525 to 1 in 2000.
Actually, we looked into to this subject and found some of the latest studies indicate the number for U.S. is only 325 to 1.
And these numbers are not made up by fanatical ideologists trying to downplay the gap between workers and management or the rich and poor.
So the chart is wrong and we rate this as FALSE.
That's what the big guys have to say about.
So now, it is your turn to speak out - Tell us & the world what you say about it.
COMMENTS - READ - RATE - SHARE - TELL THE WORLD
|< Prev||Next >|
Last Updated (Thursday, 27 October 2011 03:40)
Copyright © 2009 ---.
All Rights Reserved.