Blue Origin rocket explosion: watch $150 million go boom

[Chrkeller]

Bofferbrauer2 said:

Chrkeller said:

Well Bezos isn't the CEO...  hasnt been for a number of years.  

And yes, it is a problem.  Yes it needs to get fixed.

But the "tax" them argument reeks of not understanding the system.  

People really ought to educate themselves before forming such strong opinions.

The issue is how boards work and people getting paid in stock.

Again, it is about understanding the system.  Can't fix a problem unless we understand it.  I don't recall the exact quote, but Einstein said if the world was going to end in an hour he would spend 55 minutes understanding the problem and 5 minutes executing.

The amount of economic and legal inaccuracies i see on VG is mind blowing.

I need to find the video again and gonna attach it to this post once I do, but the rich are generally undertaxed out of fear they'd leave the country entirely.

The problem with that mentality is that it ignores network effects that are only available for the country they're in, as those have been built over the years and the company they're owning built around those. Also, being the foreign boss of a national company is just very bad publicity.

Long story short, raising the taxes for the rich would have very minimal effects on their risk of leaving. Sure, they'll complain super loudly that it would be stifling innovation and personal success, but considering all the ways they have to avoid taxes and their net worth, it'd be just a minor inconvenience anyway.

I don't recall claiming they would leave.  So I don't get your point on quoting me.  

My point was I think there should be restrictions on executives being paid it stock, because stock is much harder to tax and typically is taxed at a lower rate than ordinary income, hence my comment about all money flow should be taxed at the same rate.