Poor CEOs cannot live on $500,000 a year

[Marelo]

Originally Posted by Jagos

For argument's sake, won't this extend the recession?

What, capping them, or not capping them? I'm confused on what you mean.

[Kepor]

A decline in salary leading to a sharp reduction in consumption of luxury goods, a market which has far more elasticity of demand than supply?

[bluestarultor]

Originally Posted by Kepor

A decline in salary leading to a sharp reduction in consumption of luxury goods, a market which has far more elasticity of demand than supply?

Let's not kid ourselves here. Luxury goods are made by other rich people. It's passing the money around over a glass ceiling WAY over any of our heads.

[Kepor]

Originally Posted by bluestarultor

Let's not kid ourselves here. Luxury goods are made by other rich people. It's passing the money around over a glass ceiling WAY over any of our heads.

I have not heard of this. Could you explain a bit more?

[BitVyper]

Originally Posted by Bellsouth Minion

No pity for the fools i see...

Just wait a bit longer, you'll see some of those guys coming out with "now that our paychecks are cut back, we can no longer keep with our donations to aaaaaaaall those charities!"

Funny thing about Noblesse Oblige is that it's generally considered the first warning sign of a forming aristocracy. That doesn't mean that rich-people charity donations disappearing would be a good thing, but seeing them unable to make said donations without having to cut back could be seen in a very positive light.

I know this doesn't have anything to do with your point, but I just wanted to mention it.

[Mesden]

Originally Posted by Kepor

I have not heard of this. Could you explain a bit more?

Luxury goods are typically astronomically high in cost (15,000 dollar dress), but actually quite low cost to process, usually (Some exceptions like Jewelry which is why Jewelers aren't ridiculously rich etc). So, anyone with a business in luxury goods is usually rich, and anyone buying luxury goods is usually rich. The glass ceiling is the "Any american can become rich" when it's pretty fucking rare and usually involves a lot of luck and connections instead of actual hard work.

Rich CEOs getting capped in salaries isn't going to hurt average consumerism much, just all the exorbitant businesses mentioned in, well, the OP.

[Fifthfiend]

Thread capped.