It Pays To Be A Greedy CEO And Screw Over Your Workers

The AFL-CIO is out with their new Executive Pay Watch report, revealing that CEOs at Fortune 500 companies made on average $12 million each in 2011.

The AFL-CIO is out with their new Executive Pay Watch report – revealing that CEOs at Fortune 500 companies made on average $12 million each in 2011.

They’re now getting paid 380-times more than their average worker. That’s a slight increase since 2010 – and a massive increase since 1980 – when, before Reaganomics, CEOs were paid only 42-times more than their average worker.

On top of that – CEO pay increased nearly 14% in 2011 – compared to a meager 2.8% increase in worker pay that same year.

The rich are getting richer and the poor are getting poorer – creating the largest wealth inequality gap in America since right before the Stock Market crash of 1929. And rather than doing something about it – multi-millionaire Congressman Paul Ryan and the Republicans want to make wealth inequality even worse with a $3 trillion tax cut for the nation’s Romney-rich.

We can’t afford to do that – in fact, we need to be doing just the opposite.

 We need to roll back the Reagan tax cuts – and make the Romney-super rich pay their fair share in taxes again.

Tags: ,

Thom Hartmann
Thom Hartmann is a progressive nationally and internationally syndicated talkshow host (also simulcast as TV in 40 million homes by Dish Network/Free Speech TV), and New York Times bestselling, four-time Project Censored winning author of 24 books in print in 17 languages on five continents. Follow Thom on Twitter @Thom_Hartmann

LISTEN: The World in Two Minutes – August 29, 2014

The World in 2:00

David Cameron warns of terror risks in the U.K., Malaysia Airlines axes 6,000 jobs, and severe drought from California to Central America.

You Don’t Know What ‘Libertarian’ Means

Don’t ask a libertarian, because most of them don’t know.

UK Raises Terror Threat Level Over ISIS, U.S. Declines

The U.S. Department of Homeland Security and the FBI are unaware of any specific, credible threat to the U.S. homeland,” Jeh Johnson said.

The Soviet Union Folds, Hurricane Katrina Splashes Down And the Air Force Loses Six Nukes

Here’s what happened today in American political history.

Click here for: Friday, August 29

● Poll: Obama foreign policy isn’t tough enough

● Millipede invasion is blocked at border

● Cable boxes go on a power diet

● Suit targets tuition breaks for illegal aliens

● New profile of the 113th Congress

● Labor official stole union funds

Obama: No Plan On Fighting Islamic State

President Barack Obama speaks to reporters from the White House Briefing Room, Aug. 28, 2014. Photo by James Cullum

“We don’t have a strategy yet,” Obama said.