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Re: penny_foolish post# 265

Friday, 04/03/2009 1:24:38 PM

Friday, April 03, 2009 1:24:38 PM

Post# of 273
No one ever commented on this post of mine on the other board so I'll post it here even though I'll probably not get a response yet again.

What truly amazes me is that the Republicans have fought a raise in the federal minimum wage ever since I can remember. It's now at $6.55 an hour.
http://en.wikipedia.org/wiki/List_of_U.S.A._minimum_wages

The average pay of the top earning 25 CEOs in 2007 or 2008 was 75.3656 million. If a CEO actually put in a 40 hour work week (they don't put in that much time ordinarily), a CEO's earnings per hour would be......$36,233.46

75.3656 million divided by 2080 hours (per year in a 40 hour work week) = an hourly wage of $36,233.46. That's over $36,000 an hour folks.

Another way of looking at it is that the average top earning 25 CEOs make 5,531.8 times what a minimum wage earner makes.

So when I hear Republicans railing against raising the minimum wage, and at the same time, railing against raising taxes on the rich, I feel like there is something seriously wrong with our country.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35920943

I kinda feel sorry for them

I don't.

An IHub friend of mine would like to remove them from the earth's surface. I'd be just as happy if they took 1/3 of America and made it their own, the other 2/3 going to Independents in 1/3 (since their numbers are growing), and Democrats in the final 1/3.

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