$45M for Disney's CEO. Zero dollars in federal taxes. $4.7 billion in government rebates. A $7 billion stock buyback. The Magic Kingdom has stopped pretending.
This is some very sad and frightening stuff. Of course, Disney holds a special place in most hearts. Whether it's a favorite movie, beloved character or dear memory, Disney has touched most of us. That is why the points you make pack such an impact. You've used Disney as the representative "big business" that's essentially screwing us so it hits home.
Just how much money does anyone really need? These numbers are obscene. No one earns or deserves these insane amounts of money - no one. Especially with so much need in the world. And these people will never have enough. They will always lust for more, and do whatever immoral deeds are necessary to acquire it. Makes me wonder if they even think about the fact that in doing so, they have sold their souls.
By the sort of standards set by someone like Trump, Ronald Reagan was a good president. However, he set the stage for today's obscene greed, by changing the rules. After Reagan, normal behavior meant setting prices at 'whatever the market could bear. No longer were prices indexed even partly to the cost of making an items, and bringing it to sale; now every manufacturer had the ability to blackmail the public and sell his item for whatever he could force them to pay. That is after all, what market pricing is: blackmail. And when you completely divorce a product from its cost, you divorce the process from reality. Both these effects - blackmail and a lack of reality permeate Trump's behavior. By the way, we really don't have to allow stock buybacks. Rather, we don't have to allow stock buybacks without a penalty. When a corporation buys back its own stock, it should forfeit its corporate interest rate, and instead be taxed at its corresponding personal income tax rate. Because once you own yourself, you are no longer entitled to a public ownership discount.
Disgusting, and appalling. I hope this story appears on the front page of every paper in the country! I also think it may be time to re examine our buying decisions. I am dumbfounded by this story and imagining it goes on everyday. How long must a family save to afford a trip to Disney park these days. Shameful!
Firing workers but paying CEO 45 million is absurd and selfish. This is greed and avarice to the max. I am planning to not support Disney anymore and others are saying it's too expensive to go there. This is beyond anyone's income and it's time for CEOs to pay their share of taxes and not expect anymore money from U.S. taxpayers.
I grew up on Disney. Its product was geared for family consumption. It was child safe. None of that is true anymore, AND they've made it too expensive for the average family. They don't get any of my business anymore on principal. I would celebrate a world wide boycott of the greed they model.
The greed is appalling…
This is some very sad and frightening stuff. Of course, Disney holds a special place in most hearts. Whether it's a favorite movie, beloved character or dear memory, Disney has touched most of us. That is why the points you make pack such an impact. You've used Disney as the representative "big business" that's essentially screwing us so it hits home.
Just how much money does anyone really need? These numbers are obscene. No one earns or deserves these insane amounts of money - no one. Especially with so much need in the world. And these people will never have enough. They will always lust for more, and do whatever immoral deeds are necessary to acquire it. Makes me wonder if they even think about the fact that in doing so, they have sold their souls.
By the sort of standards set by someone like Trump, Ronald Reagan was a good president. However, he set the stage for today's obscene greed, by changing the rules. After Reagan, normal behavior meant setting prices at 'whatever the market could bear. No longer were prices indexed even partly to the cost of making an items, and bringing it to sale; now every manufacturer had the ability to blackmail the public and sell his item for whatever he could force them to pay. That is after all, what market pricing is: blackmail. And when you completely divorce a product from its cost, you divorce the process from reality. Both these effects - blackmail and a lack of reality permeate Trump's behavior. By the way, we really don't have to allow stock buybacks. Rather, we don't have to allow stock buybacks without a penalty. When a corporation buys back its own stock, it should forfeit its corporate interest rate, and instead be taxed at its corresponding personal income tax rate. Because once you own yourself, you are no longer entitled to a public ownership discount.
Disgusting, and appalling. I hope this story appears on the front page of every paper in the country! I also think it may be time to re examine our buying decisions. I am dumbfounded by this story and imagining it goes on everyday. How long must a family save to afford a trip to Disney park these days. Shameful!
Firing workers but paying CEO 45 million is absurd and selfish. This is greed and avarice to the max. I am planning to not support Disney anymore and others are saying it's too expensive to go there. This is beyond anyone's income and it's time for CEOs to pay their share of taxes and not expect anymore money from U.S. taxpayers.
Thank you. Great report
I grew up on Disney. Its product was geared for family consumption. It was child safe. None of that is true anymore, AND they've made it too expensive for the average family. They don't get any of my business anymore on principal. I would celebrate a world wide boycott of the greed they model.
I should have written "principle!"