“In 1980, the compensation of the average chief executive officer was forty-two times that of the average worker; by the year 2004, the ratio had soared to 280 times that of the average worker (down from an astonishing 531 times at the peak in 2000). Over the past quarter-century, CEO compensation measured in current dollars rose nearly sixteen times over , while the compensation of the average worker slightly more than doubled. Measured in real(1980) dollars, however, the compensation of the average worker rose just 0.3 percent per year, barely enough to maintain his or her standard of living. Yet CEO compensation rose at a rate of 8.5 percent annually, increasing by more than seven times in real terms during the period. The rationale was that these executives had "created wealth" for their shareholders. But were CEOs actually creating value commensurate with this huge increase in compenstion? Certainly the average CEO was not. In real terms, aggregate corporate profits grew at an annual rate of just 2.9 percent, compared to 3.1 percent for our nation's economy, as represented by the Gross Domestic Product. How that somewhat dispiriting lag can drive average CEO compensation to a cool 9.8 million in 2004 is one of the great anomalies of the age.”
“He had a penis one inch in diameter and seven and a half inches long. During the past year, he had averaged twenty-two orgasms per month. This was far above the national average. His income and the value of his life insurance policies at maturity were also far above average.”
“In the next 25 years, we will see a 100 percent increase in the number of American retirees. The number of workers, however, will increase by only 15 percent. Given those numbers, how can these programs survive? Under our current tax code, these programs can be maintained only by increasing the tax on those who work, reducing benefits for those who have retired or by increasing the age of retirement.”
“cross-national studies show that the U.S. poverty rate, which stands persistently above 12 percent, is not only the highest poverty rate of any advanced industrial nation, but is more than twice the average for that group.Pursuing the American Dream, 9, 276”
“[O]ne macroeconomic study of the FairTax—a study that assumed that the employer’s share of the payroll tax is the only tax savings that will be used to lower prices—estimated that prices would rise by 24.8 percent but wages would increase by 27.4 percent, more than compensating for the increase in prices. By these calculations, disposable income is expected to increase by 1.7 percent.”
“There are extremes within any population, but on average, at least among young adults, those who feel lonely actually spend no more time alone than do those who feel more connected. They are no more or less physically attractive than average, and they do not differ, on average, from the non-lonely in terms of height, weight, age, education, or intelligence. Most important, when we look at the broad continuum (rather than just the extremes) of people who feel lonely, we find that they have the capacity to be just as socially adept as anyone else. Feeling lonely does not mean that we have deficient social skills.”
“Loneliness is the representation of love. Death is compensation of loveEach love is compensated by a head.It was Shams who sacrificed his head as compensation this time.”