Safeway Security Guard Fired After Interrogating Girl

[bonehead]

Because there are plenty of wage slaves to pick from. Many who do an outstanding job. But there are few people that have the skills to run a multi-billion dollar corporation.

And yes it does make the news when one of them fail. But, on average they do a damn good job.

Id say far fewer good CEO's than you think considering how many in the financial sector alone nearly bit the dust lately. However it should be hard to lose as more often than not they hold all the cards and local governments are tripping all over themselves giving them tax breaks the likes that you nor I will never see.

[tim52]

Besides, scumbags come at all wage levels...just look at Congress.

now that's an understatement.

[tim52]

What's scary is how much you guys get paid.

To really compare we'd have to compare tax bite and benefits. Someone here who makes $8hr isn't likely to pay any federal or state income taxes. He pays only 7.35% FICA, that is social security & medicare contribution, is eligible for food stamps, and gets 75% subsidy for medical and dental. By law, I pay federal and state unemployment insurance, matching FICA, and workman's comp insurance.

Congrats on your new job.

While it's been about 12 years since I lived in OZ, the higher cost of wages and benefits there typically translates into higher cost for goods and services.

It's a question of perspective, is it better to be able to purchase cheep cars, tv’s and cable tv yet be unable to afford decent health care coverage or have employer supplied medical insurance that requires employees to meet out-of-pocket deductibles of 1,000 to 10,000 dollars before any coverage kicks in.

As I recall, taxes like the US are on a sliding scale with the first 15K untaxed up to a max of 49% at 50K and above. Of course Aussi wage earners are not subjected to the additional OSADI and Medicare taxes as their US counterparts are. In addition, all Australians have access to subsidized National Health Care which IMO is not bad. Wage earner’s above 75K were required to purchase supplemental health insurance or pay an additional 2 or 3 % in taxes. Unlike the US the cost for health insurance was relatively inexpensive as I recall about 120.00 per month and worked out to being some what less than the additional tax.

Of course high income earners tend to pay more than low and middle income earners and but you don’t tend to find the wild disparity between the haves and the have nots that we have in the US, also you would be hard pressed to find families homeless or living in their cars because social services have been cut to the bone.