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fourhorses
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 Posted: 03/ 19/ 08 7:19 am Post subject: Reid: A father - daughter chat |
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Tuesday, March 18, 2008
Reid: A father - daughter chat
Thanks to Charles Adler for posting this on his website:
A young woman was about to finish her first year of college. Like so many others her age, she considered herself to be very Liberal, and was very much in favor of 'the redistribution of wealth.'
She was deeply ashamed that her father was a rather staunch Conservative, a feeling she openly expressed. Based on the lectures that she had participated in, and the occasional chat with a professor, she felt that her father had for years harboured an evil, selfish desire to keep what he thought should be his.
One day she was challenging her father on his opposition to higher taxes on the rich and the addition of more government welfare programs. The self-professed objectivity proclaimed by her professors had to be the truth and she indicated so to her father. He responded by asking how she was doing in school.
Taken aback, she answered rather haughtily that she had a 4.0 GPA, and let him know that it was tough to maintain, insisting that she was taking a very difficult course load and was constantly studying, which left her no time to go out and party like other people she knew. She didn't even have time for a boyfriend, and didn't really have many college friends because she spent all her time studying.
Her father listened and then asked, 'How is your friend Audrey doing?'
She replied, 'Audrey is barely getting by. All she takes are easy classes, she never studies, and she barely has a 2.0 GPA. She is so popular on campus; college for her is a blast. She's always invited to all the parties, and lots of times she doesn't even show up for classes because she's too hung over.'
Her wise father asked his daughter, 'Why don't you go to the Dean's office and ask him to deduct a 1.0 off your GPA and give it to your friend who only has a 2.0. That way you will both have a 3.0 GPA and certainly that would be a fair and equal distribution of GPA.'
The daughter, visibly shocked by her father's suggestion, angrily fired back, 'That wouldn't be fair! I have worked really hard for my grades! I've invested a lot of time, and a lot of hard work! Audrey has done next to nothing toward her degree. She played while I worked my tail off!'
The father slowly smiled, winked and said gently, 'Welcome to conservatism!'
http://canadianbluelemons.blogspot.com/2008/03/reid-father-daughter-chat.html
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Today`s rebel is a conservative and fiscal responsibility has become the new counterculture! |
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 DA_Champion
Joined: 07 Jan 2001 Total posts: 13941 Location: Columbus, Ohio Age: 26 Gender: Male
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| Posted: 03/ 19/ 08 11:07 am Post subject: |
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This has been posted before and it's very silly.
Among other differences, there is some equality of opportunity in university grading. A lot of professors won't look at the names on essays before grading them so as not to be biased by what they think of the students. Grading on science/math/engineering material is done in a near-objective manner. It is not like in the world of the free market where CEOs of Nortel Networks or Bear Stearns can get tens of millions of dollars in compensation while running the company into the ground.
If there was a proper correlation between the value of one's work and the salary/compensation one receieves, public demand for wealth redistribution would drop significantly. I'll note the CEO of Northern Rock made approximately $3 million a year: http://www.fool.com/news/associated-press/2007/12/13/northern-rock-ceo-departs-early.aspx
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| tree mugger Joined: 10 Dec 2003 Total posts: 527 Location: Edson, Alberta Gender: Unknown
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| Posted: 03/ 19/ 08 11:16 am Post subject: |
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If the board and share holders think that a CEO is worth millions, then that is a business decision.
Who should decide the "value/salary" ?? I pay employees what I think they are worth. If they don't like it, they know where the door is.
Also, if a board of directors or share holders think that a CEO is paid too much then they can show him the door.
Public demand for wealth distribution will not change. Its the politics of envy. |
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DA_Champion
Joined: 07 Jan 2001 Total posts: 13941 Location: Columbus, Ohio Age: 26 Gender: Male
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| Posted: 03/ 19/ 08 11:21 am Post subject: |
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| tree mugger wrote: | | If the board and share holders think that a CEO is worth millions, then that is a business decision. |
I'm not convinced that what nortel and bear stearns shareholders "wanted" was for their board of executives to lie to them, while simultaneously running down the company in the name of short-term profits, maximizing personal compensation, and then burning the shareholders and employees.
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