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Thom's blog
Should a CEO make 1700 times a worker's salary?
Most of us are still feeling the effects of a struggling economy, but the corporate elite and the Wall Street banksters are doing better than ever. Many corporations have seen record profits in recent years, which have fueled buying sprees on Wall Street, pushing the DOW Jones to it's all-time high. But, the income gap between workers and CEOs, which has gone up almost 20% since 2009, shows that all that profit is going straight to the top.
This is exactly why many people don't feel the effects of the modest economic recovery - because this recovery is not our recovery – all the gains are going directly to the top 1%. And this is why corporations are actively fighting the part of the Dodd-Frank act, that directs corporations to report the income differential between workers and CEOs. In 1960, the average CEO was paid about 40 times as much as the average worker. By 1990, CEOs were raking in over 100 times the amount that workers received. And by 2011, some corporate executives – like the one who works for JC Penny's – were making more than 1700 times the salary of an average worker.
A Bloomberg analysis indicates that everyday employees are the only ones who are not benefiting from the historic profits seen since the 2008 economic meltdown. This is not only unacceptable, but it's undesirable – without a broad, inclusive economic base, long-term economic growth is impossible. It's time to stop the economic locusts who are sucking every last bit of profit out of our economy for the benefit of themselves alone.
Dodd-Frank is forcing the oligarchs to disclose the income disparity, now let's start working to correct it. Let's implement a Wall Street transaction tax, set limits on executive pay, and start taxing those who are obsessed with hoarding money.
-Thom
(What do you think? Tell us here.) |
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Tonight on The Big Picture on RT TV at 7pm and 9pm... Bigger Picture: State Of Labor (check your local listings for stations or stream at RT, and catch past shows on Youtube)
Daily Take: Fukushima...a dire SOS message
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Tuesday's Daily Stack 
Hour Two: If Bangladesh can hold their corporate fatcats accountable - then so can we!
Article: " Constitution of the United States", article 3 section 2. "... the supreme Court shall have appellate Jurisdiction, both as to Law and Fact, with such Exceptions, and under such Regulations as the Congress shall make..."
Hour Three: The problem w/Maine's corporate personhood amendment
Article: " 14th Amendment - Citizenship, Due Process Clause, Equal Protection. Article: " 15th Amendment".
Article: " Constitution of the United States", article 3 section 2. "... the supreme Court shall have appellate Jurisdiction, both as to Law and Fact, with such Exceptions, and under such Regulations as the Congress shall make..." Article: " Letter to Joseph Milligan" by Thomas Jefferson, 6 Apr. 1816. " If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree; and the better, as this enforces a law of nature, while extra-taxation violates it."
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Wednesday on The Thom Hartmann Program, 3-6pm ET
Hour One: SC Push Polls-What if I told you that Mark Sanford... tune in!
Hour Two: Happy May Day...latest on labor- Josh Eidelson, Labor Journalist / Contributing writer-The Nation & Salon 
3 more Boston bombing arrests...what's up?- Barry Nolan, Former Newscaster-WBZ TV (Boston) / Professor of Journalism-Boston University
Hour Three: Bryan Fischer is worried that Collins will be eyeballing players in locker room...- Bryan Fischer
And, the best of the rest of the news and your calls right here on...
The Thom Hartmann Program...your media support group for "we the people"...
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Thursday on The Thom Hartmann Program, 3-6pm ET
We'll have the latest news and information that you need to win the water cooler wars! There's a renewed push to fix the filibuster...we'll find out what's happening and how you can help...
And the best of the rest of the news along with your calls right here on...
The Thom Hartmann Program, Occupying The Media 3 hours a day 5 days a week" for "we the people"...Democracy is NOT a spectator sport...it begins with you...
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Thom's Poll
Will the mainstream media ignore May Day pro-labor rallies?
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Watch & Listen to Thom
If Bangladesh Holds Corporate Fatcats Accountable - Then So Can We...
Crazy - Weatherwoman Lisa Hidalgo Does Rain Dance!
The Good - The Bad - and the Very - Very Oecodomically Ugly
MUST SEE! 1st County in U.S. Bans Oil & Gas Extraction
Fact...Renewables Outshine Fracking
Politics Panel - Is your shirt from the Bangladesh factory?
Politics Panel - Gitmo - The dark side on the War on Terror
Or watch the Full "Big Picture" Show...
Full Show 4/30/13: Third World Solutions for First World Problems
Tonight's "Big Picture Politics Panel" discusses whether Obama will ever fulfill his campaign promise of closing Guantanamo Bay, the right's continued blocking of Obama's judicial nominees and Sandra Day O'Connor's recent thoughts on the Supreme Court's Bush V. Gore decision. Thom talks with a pair of environmentalists on the renewable energy boom, and in tonight's "Daily Take" Thom calls on the U.S. to treat their corporate fat cats like Bangladesh does (hold them accountable).
Thom Hartmann on the News: April 30, 2013
Holding the Corporate Fatcats Accountable!
Caller: Obama has Done a Good Job of Ruining His Own Presidency
Hartmann Vs. Wayne root: Why Gitmo Won't be Closed
Caller: The Republicans are no Different Than Bin Laden!
The Republican Insurgency
Ending Corporate Personhood: Not Just About Money & Politics
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